Author Archives: Carlo Cansino

Carlo Cansino

About Carlo Cansino

Senior Financial Planning Advisor

How do you invest successfully in the stock market? Answer: Buy low, sell high! Not a novel idea, but one that is consistently overlooked. More often than not, long-term investors are employing the opposite strategy – buying high and selling low – which typically results in an overly-anxious and underwhelming investment experience. Not to mention, a less desirable retirement lifestyle…

The concept of buying low and selling high is a strategy employed by target-date retirement funds. Here in Canada, many employers utilize these types of funds in their Defined Contribution Pension Plans offered to their employees.

In short, target-date retirement funds invest in a combination of stocks and bonds. The longer the duration to retirement, the higher the percentage exposure to stocks. The shorter the duration to retirement (or if in retirement), the higher the exposure to bonds. Over time, the fund automatically reduces the stock exposure and increases the bond exposure as the “target retirement date” approaches.

While invested in the fund, investors don’t have to worry about how it is being managed through daily, weekly, monthly, even annual volatility. The fund adjusts its weightings (percentage between stocks and bonds) automatically by increasing the stock exposure when the market drops and reducing the stock exposure when the market goes up. No timing the market. Just staying true to the target percentages of stocks and bonds.

This, my friends, is called “rebalancing” – an unemotional and simplest method to buy low and sell high. At The McClelland Financial Group, we employ rebalancing in the management of our clients’ portfolios. The only downside with target-date retirement funds is that they don’t necessarily accommodate its investors’ unique situations or timeframes. Through our investment management process, we can provide the flexibility of maintaining a more aggressive portfolio (if necessary) as the target retirement date approaches. Whether it’s a target-date retirement fund or regular rebalancing, buying low and selling high has never been easier.

It’s true. I love my subscription services. Pay on a monthly basis for the convenience of never worrying about a bill – what a time saver! But, can it be a money waster? Definitely.

Subscription services are much more popular than ever before. From on-demand movies to pre-made meals, the convenience of these services is incredibly attractive to time-starved individuals. But the accumulation of “small” conveniences can add up to much more than what you’d expect.

As much as I enjoy my Netflix, Sirius Radio and GoodFood deliveries to work each week, I felt like I was losing track of all my ongoing expenses. After completing an audit of my credit card statements, I realized that I was duplicating a lot of my conveniences (why do I need 2 meditation app subscriptions?)

Cancelling a few of the underutilized services felt like a load off my financial shoulders, that I didn’t even know were dragging me down.

I suggest a periodic audit of your own time-saver expenses. You’d be surprised at the money you could be saving. Go that extra step and set up an automatic savings plan for the money that you’ve freed up. You’ve already proved to yourself that you won’t miss it!

On May 21st, Jeff Hammond, Golf Fitness Professional at The Thornhill Golf and Country Club presented at our May Lunch and Learn. His role at the golf club is to help golfers improve their game through a thorough screening process which analyzes swing mechanics, physical fitness and movement quality. Through video footage of his former client’s progress to getting our clients participating in dynamic stretches, he reinforced the fact that good fitness leads to better performance on and off the golf course.

  1. Continued mobility is vital as if one part of the body is not working correctly it throw everything off.
  2. Sitting is one of the worst things you can do to your body but simple stretches even in your chair can help your body immensely.
  3. Even if you feel an activity isn’t physically demanding a simple warmup will help prevent injuries and ensure you are able to move your body properly.

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