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Online vote/survey vs truth...

on Fri, 09/23/2011 - 21:11

Very interesting…. I am starting to wonder online votes and survey actually reflect the truth or not… LOL

Globe and Mail is having a Globe Money Poll: Are these markets making your stomach churn? (
To my surprise, the result (till 9pm) is pretty impressive. Here are the results:
Among some of my clients, are pretty sensitive with what is going on in the market....
I keep hearing people asking "what to do, what to do now?"
Of course, looking at the statements would not make you happy in

Please do not hesitate to talk to an advisor... for your own good

on Wed, 09/14/2011 - 18:59

Manulife Financial (one of my business partners) released a series of illustrations on a survey (Canada's 2009 Canadian Financial Capability Survey) result yesterday: Making Cents: A Study of the Financial Literacy of Canadians, which shown that many Canadians have real challenges with financial literacy. From budgeting for today to planning for tomorrow.

I would like to say something on these findings.

The first thing I am not very happy with (worry rather), is that 48% of home buyers (maybe even current homeowners) saved less than 5% of the cost of their home.

Banks can be harmful, too

on Tue, 09/13/2011 - 12:26

Subsequently, I worte a second part to this article...

So, I was tweeting as usual... was reading through the transcript of the chat on Globe & Mail RESP Q&A which was held on Sept 7. It was a great chat, and I always like the way Mike handles his questions...LOL

Anyway, I have to oppose going to the banks for everything you need... I am sorry, you might think the banks are great, but the truth is you hardly get a good banker who will be able to (or willing) to look into everything for you on every aspect that (s)he can, and that's the fact (so if you do have a good banker, treasure

Let's talk about risk...

on Tue, 09/13/2011 - 09:04

Do you drive to work every day? Do you drive your kids or your family to different activities all the time? You have gatherings with friends and family almost every week? Do you drive to all those occasions inclusively? Have you think of how many hours you have been driving (or being on the road)?

Even you might not drive, you might still ride a car or public transit. Chances are you are on the road when you are not at home, at work or at school. We are always on the road, always, more than you are aware.  
Was just listening to 680news again yesterday (as usual when I drive) and

Advantages to start your company while U are YOUNG

on Fri, 09/09/2011 - 12:23

This is a series of tweets I replied to a young twitterer, @Cora_Harrison, who lived in Wakefield/Huddersfield in UK. According to her profile, she is a "Tweeter. Blogger. Geek. Uni Student. Mac User. Photographer. Web Designer. Investor. eBay Lover. We Are What We Do Young Speaker. Traveller. Iphone Lover..." She was supposed to have a web site (a blog?) at which is no longer online :( 

Anyway, here we are, top 10 reasons (I am sure we can come up with a lot more) to start your company as a young entrepreneur.

Advantages for young entrepreneurs:
TIP 10. You

Mortgage insurance or mortgage insurance??

on Tue, 09/06/2011 - 23:37


Is amazing how many people have no idea what "mortgage insurance" means...
I have met many people, think mortgage insurance is the same as mortgage loan insurance. 
Ok, let's make it clear: mortgage loan insurance is usually provided by CMHC and GE, mostly CMHC. From CMHC's web site, it defines mortgage loan insurance as follows: Mortgage loan insurance is typically required by lenders when homebuyers make a down payment of less than 20% of the purchase price.

How to resolve a surprised tax bill

on Tue, 09/06/2011 - 11:25

I finally decided I would put clients' cases on my blog, so that you (readers, if there is any) will have an idea how I work with my clients.

So... here is the first case:

Slightly after the new year, I received a call from a clinet who had been working with me for a good 2, 3 years, that he got audited by the CRA, and that he got a surprised tax bill of over $10K. He told me he immediately withdrew $5k from his RRSP and he was looking into getting a personal loan from a bank so that he can pay off the tax man immediately.

This is a very normal move to a lot of people, is that, they will

The birth of this blog (how it all got started...)

on Fri, 09/02/2011 - 16:22

I have been hesitating getting a blog up for a good 4/5 years. The reason is, in my words, don't want to give birth to a kid that will never grow up.

However, the longer I am on the web (as everybody does), and the more involve in social media as a whole, it looks like it only makes sense to have a blog. I had a good twitter feed discusion with Brent Kobayashi at Kobayashi Online... And I THINK he did address this in his presentation at WORD11 (an event I sponsored 2 weeks ago).

I am still trying to figure out what I want to blog about (of course, financial related) and in what format I want