CTV News Channel asked me to give an interview on some simple money saving ideas. I chatted with anchor Jacqueline Milczarek about saving money on life insurance, negotiating discounts, and simple budgeting. The interview appeared live on Sunday at 4:15pm EST and I’m linking it here for anyone who wants to watch. You can also [...]
Higher Deductibles for Lower Insurance Premiums
I thought I would share a personal story today about automobile insurance. Most people are familiar with the concept of a higher deductible leading to a lower insurance premium. For those that are not, let me explain it really quickly: The deductible is essentially the amount that you pay out of pocket if you need [...]
Pets and Insurance
Don’t forget to enter the iPod Touch giveaway. Click here for more details. BONUS: The Financial Blogger is also giving away an iPod Touch on his blog, so go there and enter his contest to increase your odds of winning. Pets are like to children to many people. We had a few cats growing up, [...]
Secret Children
I thought I would share a quick story today. Years ago I had sat down with a prospective client after having put on a seminar for a small group of investors. The investor and I had gone through the regular first steps of putting together a financial plan: we explored and defined his goals, got [...]
Protecting Your Mortgage and Other Assets with Term Life Insurance
This is a guest post written by Denise Mancini from Accuquote.com. I normally get offers for guest writers who have something to promote and they offer to write a free article in exchange for links to their websites. They do this because more links from more websites make them rank higher in Google searches. Normally [...]
Bear market = More insurance sales
Most financial advisors work on commission. When investment sales are down, advisors often turn to talking about insurance – the in-house sales and marketing material often talk about various strategies involving life insurance, critical illness insurance, disability insurance and long term care insurance. Insurance policies pay surprisingly large commissions. For example, a simple term insurance [...]
A Lap Of The Blogs
If you are new to WhereDoesAllMyMoneyGo.com, every Friday I run a post called “A Lap Of The Blogs” which provides links to articles I found interesting and think that others may want to read for themselves. I also include some commentary on what’s going on in my personal life and a weekly “racing video” since [...]
Market Rally: Proceeds of Tax Loss Selling?
You have to wonder with December 24th being the last day to sell Canadian stocks in order to be able to claim a capital loss for the 2008 tax year if the current multi-day winning streak is a true turning point, purely anomalous or perhaps the result of the proceeds of a lot of tax [...]
Help Us Name A New Product
The weekly Lap of The Blogs is postponed this week as I have a special request. We’ve been burning the candle at both ends as we have an insurance company who we’ve been meeting with in order to bring to market a competitor product to the “income for life products” like Manulife’s Income Plus and [...]
I Am No Longer A Financial Advisor
There have been many sleepless nights in the past few weeks as I have wrestled with a career choice. As of Friday, November 7th I am no longer a professional financial advisor. I have given up my license to advise retail investors and trade professionally on all securities. I didn’t think it would be such [...]
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