Tuesday, 31 May 2016

David Garnier of Dartmouth, Nova Scotia - Retirement Planning Tips

David Garnier of Dartmouth, Nova Scotia, is an experienced financial professional working with CIBC (Canadian Imperial Bank of Commerce) Wood Gundy. As Vice President and a Portfolio Manager, David Garnier helps his Dartmouth, Nova Scotia, clients with a number of financial tasks. Among the most common forms of assistance given by such professionals in retirement planning. The tips below are just some of many that these professionals help their clients apply to achieve retirement security:
  • Establish an RRSP – An individual TFSA account, or an Investment account, will help you build a nest egg. Usually, traditional Group   RRSP’s are ideal for those who have a workplace retirement plan and RRSP’s s are ideal for those who do not, generally speaking. Once you have established an RRSP, consider the maximum contribution limits and aim to meet them each year.
  • Use Catch-Up Contributions – The earlier you begin saving for retirement, the better, but even if you didn’t get an early start you can take advantage of catch-up contributions. Always increase your contributions to the maximum allowed amount for maximum return.
  • Automate Everything – Follow the principle of paying yourself first by automating a deposit to your RRSP as soon as your payments clear each pay period. This ensures that you save enough to retire regardless of what happens in your life now.
David Garnier’s Dartmouth, Nova Scotia, clients rely on him to manage their financial portfolios and, in turn, their retirement plans. By finding a similar professional to rely on, you’ll gain a valuable ally in protecting your future.

Saturday, 21 May 2016

David Garnier of Dartmouth, Nova Scotia - Tips for Effective Risk Management

David Garnier of Dartmouth, Nova Scotia, is an experienced financial professional working with CIBC (Canadian Imperial Bank of Commerce) Wood Gundy. Professionals like Dartmouth, Nova Scotia’s David Garnier are often skilled in risk management, which is the process of assessing financial risks and minimizing their potential impact.

Without years of experience and a specialized education, most investors are unable to perform proper risk management on their financial portfolios. The tips below are just some of many that investors receive when they enlist professional aid:
  • Define Before Beginning – It seems obvious, but defining your goals, risk tolerances and risk assessment frequency before you begin investing will keep you safe. Spend time developing a plan to minimize your risk so that you have a sound structure to follow once you’re investing. This will prevent chancy behaviors like performance chasing.
  • Group Your Assets – Though it isn’t always possible, you should group your assets where you can for easier management. The fewer asset groups you work with, the easier it is to manage your risk. This isn’t easy in a diversified financial portfolio, but keeping the rule in mind can aid you in risk management regardless.
  • Allow for Evolution – Your first-round risk assessment isn’t going to reflect what you know and do as you gain more experience. As your investing evolves, so must your risk management strategy.
David Garnier Nova Scotia is able to effectively evaluate and minimize risk in his clients’ portfolios. If your investment portfolio lacks similar professional oversight, working with a respected financial institution in your area can help you manage risks and improve stability.

Thursday, 12 May 2016

David Garnier of Dartmouth, Nova Scotia - Investment Portfolio Management Tips for Retirement

David Garnier is a Portfolio Manager and a Vice President of CIBC (Canadian Imperial Bank of Commerce) Wood Gundy in Dartmouth, Nova Scotia. As a Portfolio Manager, David Garnier assists clients in and around Dartmouth, Nova Scotia, with managing and improving their financial portfolios. Serious investors seek portfolio managers because they hope to increase their wealth, financial security and, often, retirement prospects.

The tips below are some of many that portfolio managers might give their clients to help secure a comfortable retirement:

  • Diversify – Spreading your investments across a number of asset classes and instruments diversifies your portfolio to protect it against the ups and downs of the market. Stocks, bonds, index funds, cash equivalents and many other options allow you to evenly and securely allocate your investments to protect you over the years. 
  • Preservation of Capital – Your nest egg or retirement fund represents a significant portion of your life’s savings. This capital must be preserved as much as possible to reduce the volatility of your investments. The best ways to do this are often through low-risk stocks and other investments with little to no rapid changes.
  • Large-Cap, Dividend-Paying Stocks – By investing in large-cap, dividend-paying stocks, you can secure a regular income for patient retirement savings. These stocks are often in health care, consumer staples, Banks, utilities and Pipelines.

Rather than managing your portfolio on your own, consider reaching out to a professional like David Garnier Nova Scotia , clients do. Though it is an extra expense, the profits typically outweigh the costs.