What's going to happen in 2015

Geoff Cook - CFP, CHAIP

{num} comments

Financial Planning Barrie

In continuing with our work from last year - we will be consolidating 2015 market and economy outlooks from some of the worlds top investors and economists.This is a working list that will be updated as new outlooks come available so be sure to check...

Continue reading

How to Save the Family Cottage

Geoff Cook - CFP, CHAIP

{num} comments

Save the Family Cottage - Financial Planning in Barrie

We have all heard the old saying, “Two things are guaranteed in life: 1. Death 2. Taxes.”We are at an interesting time right now where prices of assets over the last 50+ years have seen a tremendous growth spurt. I always find it interesting talk...

Continue reading

4 Way's to Spend Critical Illness Proceeds

Geoff Cook - CFP, CHAIP

{num} comments

Critical Illness Insurance Barrie

In the unfortunate event that you or a loved one is suffering from a critical illness, having critical illness insurance provides several benefits to you and to your family. Critical illness insurance is defined as insurance that pays a tax free, lum...

Continue reading

5 Must Understand Financial Concepts

Geoff Cook - CFP, CHAIP

{num} comments

Financial Planning Barrie

1) Money needs a name: Money is fluid and always moving, that’s why we call it “currency.” If you don’t put a name to it or label what it is meant to be used for, it will find somewhere to go. We need to remember this and set up automatic pla...

Continue reading

How Mutual Fund Fee's Work

Geoff Cook - CFP, CHAIP

{num} comments

Mutual Fund Fees

Mutual Funds have become a real point of contention in the media in the last few years. I recently watched a “CBC Market Place” report where a woman went to several financial institutions and asked “how do the fees with mutual funds work?”.I...

Continue reading

How to Save Money on Life Insurance

Geoff Cook - CFP, CHAIP

{num} comments

How to save money on Life Insurance

Lets face it, no one likes buying or paying for insurance. In fact I often hear people say they feel insurance poor. From time to time I will meet people who want or already have life insurance and they say "Hey, how can I save money on life insuranc...

Continue reading

Taxes 101 - What is a Tax Credit?

Geoff Cook - CFP, CHAIP

{num} comments

Last time we talked about tax deductions. The next important piece to understand is tax credits. There is a couple more moving parts to a tax credit, but it is still simple to understand.What is a Tax Credit?A tax credit is an amount of money that wi...

Continue reading

Taxes 101 - What is a Tax Deduction?

Geoff Cook - CFP, CHAIP

{num} comments

What is a tax deduction?

When financial planning - taxes become a very important piece of the puzzle in many different times in our lives. It is often best to start with the basics before we can go in to strategizing. This way, if everyone understands how things work, it mak...

Continue reading

What's going to happen in 2014

Geoff Cook - CFP, CHAIP

{num} comments

 Below is a complilation of the outlook for 2014. Highlights include, The Economy, Jobs Growth, Market Forcasts and much more.Blackrock Investment Institute - 2014 Outlook            &n...

Continue reading

Life Insurance Wars: Empire Strikes Back

Geoff Cook - CFP, CHAIP

{num} comments

Life Insurance Protection

"KINGSTON, ONTARIO--(Marketwired - Nov. 12, 2013) - The Empire Life Insurance Company (Empire Life) has been named the Best Life Insurance Company in Canada in 2013 by World Finance magazine in its annual insurance awards competition. The award is gi...

Continue reading

[Video] - How The Economic Machine Works

Geoff Cook - CFP, CHAIP

{num} comments

In this video we are privileged to have one of the most succesful investors on the planet, Hedge Fund manager Ray Dalio of Bridgewater Associates explain how the economic machine works. I have always been very impressed with Ray Dalio's very sim...

Continue reading

A meeting with Norm Lamarche

Geoff Cook - CFP, CHAIP

{num} comments

Last week I had the opportunity to sit and listen to a presentation at our head office by Norm Lamarche.Norm Lamarche is a veteran investor who has made a name for himself over years by bringing tremendous investment performance. His investment philo...

Continue reading

Is your Wallet Locked and Loaded?

Geoff Cook - CFP, CHAIP

{num} comments

Have you ever heard the old saying “Ride or Die”? If you were a Brooklyn Police Officer in the 1970s, it meant that when you carried your gun, you were ready to use it (ride it out, or die trying); be willing to do anything if it involves persona...

Continue reading

Investment and Market Commentary

Geoff Cook - CFP, CHAIP

{num} comments

The amount of information available in the financial services world is outstanding and overwhelming. It can be frusterating as there are so many contrarian views, and articles written by non-professional writers.We have comprised some of our more fav...

Continue reading

Beware of Scams

Geoff Cook - CFP, CHAIP

{num} comments

Scams

 Scams and frauds are all around us. I personally was scammed several years ago in a money transfer scam.A few years ago, I was in the market for a new car and found a great on an Acura sports car online through Ebay.The seller told me that he h...

Continue reading

What is a TFSA?

Geoff Cook - CFP, CHAIP

{num} comments

TFSA

TFSA stands for a Tax Free Savings Account.The account basically allows you to save and invest without having to pay any taxes on the returns you generate from those investments. The government created the TFSA as an incentive to help Canadians save....

Continue reading

A Story About How Markets Work

Geoff Cook - CFP, CHAIP

{num} comments

how markets work

Once upon a time, a drought comes over the land and the wheat crop fails. Naturally, the price of wheat goes up. Some people cut back and bake less bread while others speculate and buy as much wheat as they can get and hoard it in hopes of higher pri...

Continue reading

The Self-Funding Loan Disorder

Geoff Cook - CFP, CHAIP

{num} comments

Leverage is a double edge sword. It can be of great use to build and accumulate wealth, or it can implode your financial balance sheet.The situation I'm going to discuss in this post is specific to a situation I have been faced with numerous times. T...

Continue reading

What you need to know to buy Life Insurance

Geoff Cook - CFP, CHAIP

{num} comments

Buying Life Insurance in Barrie

Life Insurance is incredibly simple.I like to think of life insurance as being similar to buying a car. There are many different types of vehicles out there... cars, trucks, vans, etc. Just like there are many different types of life insurance p...

Continue reading

Newsletter - January 2013

Geoff Cook - CFP, CHAIP

{num} comments

May we offer our sincere wishes to you and your family for a healthy, safe and prosperous 2013.Speaking of prosperity, allow us to start with positive news...the Organization for Economic Co-operation and Development (OECD) predicts Canada will lead...

Continue reading

Think Coverage Not Product

Geoff Cook - CFP, CHAIP

{num} comments

Life Insurance Coverage

It seems alot of people may not fully understand life insurance. Countless times I have sat down with people to review their insurance needs and their existing policies and they are lacking the appropriate insurance set up.Unfortunetly, I think many...

Continue reading

Risk Free Return or Return Free Risk?

Geoff Cook - CFP, CHAIP

{num} comments

It is interesting how herd investing and recency bias works. People often make poor investment decisions because they "Follow the Herd" and do what everyone else is doing and most people think what has recently happened will continue to happen foreve...

Continue reading

Debt - The New Normal

Geoff Cook - CFP, CHAIP

{num} comments

It is no surprise that we are having debt issues in Canada. Most people are feeling the pressure. I have included below a piece that illustrates this reality.Much like anything in life that we are trying to fix, the first step is awareness. Be aware...

Continue reading

Breakfast with Dan Bastasic

Geoff Cook - CFP, CHAIP

{num} comments

I had the privledge the other day to have breakfast with vetran fixed income investor Dan Bastasic. Dan has recently moved to IA Clarington from Mackenzie Financial. He now manages a corporate bond, equity income, and strategic income mandate. Dan ha...

Continue reading

GIC Rates in Canada

Geoff Cook - CFP, CHAIP

{num} comments

To see the rates of all GIC providers in Canada click on the image belowSource: canoemoney.caDid you know you can often earn a higher rate of return and get added benefits by purchasing a GIC from a Life Insurance Company? ---When dealing in fin...

Continue reading

Don't let a good Recession go to waste

Geoff Cook - CFP, CHAIP

{num} comments

Although we may not be in the perfect definition of a recession, we can rightfully say we are in recessionary times. Unemployment is still high, interest rates are still low and economic growth has stalled.When it comes to financial decisions, most p...

Continue reading

Newsletter - October 2012

Geoff Cook - CFP, CHAIP

{num} comments

Here is a fall newsletter produced by our team, and investment dealership Banwell Financial Inc.“Quietly, ever so quietly corporate earnings in America are going to an all-time high.” Fred Sturm, Chief Global Investment Strategist Mackenzie Inves...

Continue reading

The Paid to Wait Strategy

Geoff Cook - CFP, CHAIP

{num} comments

Our Paid to Wait Strategy consists of owning a broadly diversified portfolio of select sovereign bonds, corporate bonds (investment grade and high yield), real estate investment trusts (REITs), dividend paying equities, and infrastructure assets. Thi...

Continue reading

The Story of Mr. Market

Geoff Cook - CFP, CHAIP

{num} comments

Alot of people lose a lot of money investing. Many times the reason is because they let Mr. Market take advantage of them...This story was written by father of value investing Benjamin Graham in his classic book "The Intelligent Investor" originally...

Continue reading

Variable Annuities

Geoff Cook - CFP, CHAIP

{num} comments

Stock Market volatility and low interest rates stressing out your retirement income? Guaranteed Variable Annuities provide a guaranteed floor of growth (prior to withdrawals) of 5% per year, and a guaranteed floor of income in the withdrawal phase of...

Continue reading

The Three M's of Mutual Funds

Geoff Cook - CFP, CHAIP

{num} comments

Mutual funds get alot of flack, and dont get me wrong they should there is a lot of terrible funds out there...But dont kid yourself, there is also great money managers out there who can do a far better job than you, me, or most stock brokers out the...

Continue reading

Why the average person is broke

Geoff Cook - CFP, CHAIP

{num} comments

Of 100 men at age 6554 will be BROKE (live too long)36 will be DEAD (live too short)5 will still be WORKING (no choice)1 will be RICH (money at work)Source: Statistics Canada Why the Average Family/Person is Broke !The SituationStart working: Age 30...

Continue reading

RRSP 101 - Deferral

Geoff Cook - CFP, CHAIP

{num} comments

An important thing to understand about RRSP‘s is the concept of Tax Deferral. What does this mean?Tax Deferral–This simply means that you will not have to pay tax on the money that your money makes for you until later when you need it.Don’t wor...

Continue reading

Useful Calculators

Geoff Cook - CFP, CHAIP

{num} comments

Check out these great useful calculators that will help you understand and get organized with your financial affairs. Send us a message if you would like help using or understanding one. Financial Needs Analysis     &nbs...

Continue reading

RRSP 101 - Deductions

Geoff Cook - CFP, CHAIP

{num} comments

Alot of people arent totally aware of how the RRSP tax refund works, so I am going to do my best to explain it to you. I think it is important that people understand the pros and cons of RRSP`s and what this term even means.First off and RRSP stands...

Continue reading

How long until my money doubles???

Geoff Cook - CFP, CHAIP

{num} comments

Someone asked me the other night "Hey Mr.Cook, how long will it take to double my money?"...Now one would think that this is a question that is impossible to answer...However there is actually a very simple formula you can use that will give you an a...

Continue reading

Gold, Platinum and Silver

Geoff Cook - CFP, CHAIP

{num} comments

Throughout history, gold has represented wealth and power.  The value of gold has withstood the test of time and today remains (increasingly) an essential part of the foreign exchange reserves of almost every nation. It is interesting to note th...

Continue reading

TFSA - Not your average bank account

Geoff Cook - CFP, CHAIP

{num} comments

One of the most common misconceptions is that a Tax Free Savings Account is just a checking account that you get at the bank. Although some Banks offer a superior savings rate for a TFSA, you could be missing out on taking advantage of a great wealth...

Continue reading

Personal and Financial Information Organizer

Geoff Cook - CFP, CHAIP

{num} comments

It is important that we stay organized with our financial affairs. We reccomend keeping certain important information in a safe, easy to find spot in case in the future aspouse, family member, or friend needs to take care of something for us.Here is...

Continue reading

Ask an advisor:

Your question submited.

One of our advisors will reply as soon as possible. We treat you like family and we don't spam family.

Dont Forget These Two Simple Steps When Estate Planning

The pure purpose of Estate Planning is to make an efficient transfer of wealth. Period.Efficiency of Estate Planning is measured in two parts:1) Tax: It is important to plan your estate in a way that will transfer wealth in a tax-efficient manner—s...

Read more
Infinite Newsletter

Subscribe to our email newsletter for useful tips and valuable resources!

You are subscribed.
Email already exist!