Luft Financial | Elevate your Wealth | Vancouver Wealth Management firm
Dollar-Cost Averaging – A Strategy for Times of Market Volatility For anybody that isn’t familiar with the term “Dollar-Cost Averaging”, it is a strategy that requires you to buy a set amount of the same investment(s) (whether that is a stock, mutual fund, etc.) in regular intervals regardless of market conditions. Anybody that makes regular […]
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Managing your Mortgage in Today’s Rising Rate Environment What’s happening with mortgage rates? On July 13, the Bank of Canada raised its benchmark interest rate by a full percentage point – the biggest hike since 1998 – in an attempt to cool off inflation, taking the rate to 2.5%. Major Canadian banks promptly raised their […]
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Save for Your Children and Yourself Using the Same Dollar As we near the end of another school year, many Canadian children will be graduating and moving into a post-secondary school/program in the fall. The children may or may not have a savings plan to help fund this education, and with the cost of everything […]
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Save for Retirement or Pay off Debt? With inflation at 30-year highs, and interest rates increasing for the first time in decades to combat this inflation, you may find that your hard earned money isn’t going as far these days. For anybody that is trying to save for retirement while still paying off debt (whether […]
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Pay Yourself First – A different way to look at budgeting For most people, budgeting can be one of the most arduous tasks on the “to do” list. We generally try to go through our monthly expenses with a fine-tooth comb to make sure that we don’t spend too much on life, so that we […]
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The Bank of Mom & Dad – How to help your kids buy their first place I hope that you’re sitting down for this… but real estate in Vancouver is expensive these days. It also seems as though the rate at which people can save for a down-payment, can barely keep up with the rising […]
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