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No single investment performs well under every condition. If a large portion of your portfolio is over concentrated in one type of investment and bad news causes its value to drop unexpectedly, your financial security will be put in jeopardy.
Riding [...]

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Investment success depends on buying and holding quality investments in a well-diversified portfolio. My last post discussed the importance of developing an investment plan. The quality and success of this plan also depends on the quality of the investments you own. A long-term approach to investing is the best way to take advantage of growth [...]

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You shouldn’t jump into the investment world right away. First, you need to establish a solid insurance portfolio of life, disability and critical illness insurance. Second, you should establish a liquidity fund. Third, you should get rid of debt. Once you’ve moved through these three steps, then you can start developing an investment plan.
The stock [...]

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A critical illness is a life threatening or altering condition that often strikes with little or no warning. In Canada, one in two men and one in three women will suffer from heart disease (Heart and Stroke Foundation, 2004) and 1:2.3 men and 1:2.6 women will develop cancer (National Cancer Institute of Canada, 2004).
Most people [...]

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For most people, the ability to earn an income is their most important financial asset. If this is taken away, they will not be able to sustain their standard of living or repay their debts. While a person’s most important asset is their ability to earn an income, very few people have their income properly [...]

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The foundation of any financial security plan begins with the proper insurance. There are three types of insurance that are necessary for a well-crafted financial security plan: life insurance, critical illness insurance and disability insurance. This post is going to deal with the most common form of insurance: life insurance.
Life insurance allows people to address [...]

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The first step in creating a plan to achieve financial security is the most overlooked. It’s not insurance, saving or investing. The first step is taking the time to craft a plan. While each person’s situation is different, there is a safe way to work your way towards financial security and independence. There are a [...]

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So, the new year is closing in on us quickly. During the last quarter of 2009 my financial planning practice and my research consultancy both kicked into a higher than expected gear. My research projects have been cleared up and will now be able to committ more time t my site. Consider it a new [...]

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Savings Chronicle was featured in a post today over at Money Highway called, “Investing and Money Rules of Thumb“. If you haven’t read it yet, you should.You
Thanks again for the mention,
Kent

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The difference between term and whole life insurance is an important one to understand. Without understanding the difference between term and whole life insurance, you won’t be able to tell whether you are properly insured, under insured or over insured.
Temporary needs
The key to understanding the difference between term and whole life insurance comes down to [...]

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