tag:blogger.com,1999:blog-44913682701871461562024-03-18T03:40:33.093-04:00Jacoline LoewenAchieve the results you want from your wealth. Knowing how to optimize your finances is key. If you grew your money from sale of your business, you have options. You can leverage your wealth through a portfolio of equities, bonds, alternative investments or an acquisition, debt, mezzanine or a portfolio of private equity. It is all possible for you.
Voted one of the most influential people in wealth and finance, Jacoline Loewen will share with you the latest on wealth management.Jacoline Loewenhttp://www.blogger.com/profile/14420877042823247140noreply@blogger.comBlogger959125tag:blogger.com,1999:blog-4491368270187146156.post-6535912315003874572020-08-28T09:41:00.003-04:002020-08-28T10:14:06.543-04:00Facing your truth - blindspotting<p> My summer book this year is Blindspotting by Keith Hanna, <a href="http://www.stepup.net/">StepUp Coaching</a>. His book has the internal passion and drive to work as a coach to Canada's top entrepreneurs. His book is one rush of honesty. He then layers it with management theory on modern innovation.</p><p>Everyone of us has to go through a series of thinking over your top life questions and Keith takes us through his major life waves and the truths he faced which got him to break through to a far better side. From success as an entrepreneur to losing it all and his marriage at the same time. Keith's instincts pulled him back up and found his mission through the debris. Blindspotting teaches how to ask your questions before the big events happen to try and get beyond your own blindness.</p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-D9S3CrEYkO0/X0kIH9E-jrI/AAAAAAAAK9Q/PBkc7rnvSN0ZcPwRLuj_SZUnErol2k8zgCNcBGAsYHQ/s270/keith.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="270" data-original-width="187" src="https://1.bp.blogspot.com/-D9S3CrEYkO0/X0kIH9E-jrI/AAAAAAAAK9Q/PBkc7rnvSN0ZcPwRLuj_SZUnErol2k8zgCNcBGAsYHQ/s0/keith.jpg" /></a></div>Keith also follows the path of a married couple who were well known in their community as their marriage 0.1 breaks down and then finds it way to marriage 0.2.<p></p><p>The process of thinking is important. In this complex world we have a tendency to de-simplify and Keith is the opposite. He gives a path and a series of steps to embrace the complexity. How to identify your purpose, how to see your blocks, how to pull out the little lies you are telling yourself, how to be clear about your commitments going forward. </p><p>Keith's book is one in a series. They are short but intense. I recommend getting your favourite beverage of choice, hunkering down and wading in to a dense read. I came away kicked in my ego. It was like standing up in the winter landscape of Ontario and feeling that Arctic wind on my skin, prickling me to move forward with all my power. </p><p>Thank you, Keith.</p><p>Find more about Keith <a href="http://www.stepup.net/">here.</a></p><p>Please continue the conversation at @jacolineloewen</p><p><br /></p><p><br /></p><p><br /></p><div class="blogger-post-footer">http://www.moneymagnetbook.ca</div>Jacoline Loewenhttp://www.blogger.com/profile/14420877042823247140noreply@blogger.com1tag:blogger.com,1999:blog-4491368270187146156.post-21975521372260610802020-08-18T09:50:00.001-04:002020-08-18T09:51:01.748-04:00Billionaire Warren Buffett just turned 90—here are 6 pieces of wisdom from the investing legend<p> <b style="background-color: white; color: #222222; font-family: arial, sans-serif; font-size: 16px;">Billionaire <b>Warren Buffett</b> just turned 90—here are 6 pieces of wisdom from the investing legend</b></p><div class="mod" data-md="83" lang="" style="background-color: white; clear: none; color: #222222; font-family: arial, sans-serif; font-size: 14px; padding-left: 16px; padding-right: 16px;"><div class="di3YZe" style="font-size: 16px; line-height: 1.375; margin-bottom: 20px;"><div class="RqBzHd" style="padding: 0px 20px;"><ul class="i8Z77e" style="margin: 0px; padding: 0px;"><li class="TrT0Xe" style="list-style-type: disc; margin: 0px 0px 4px; padding: 0px;">Marry the right person. ...</li><li class="TrT0Xe" style="list-style-type: disc; margin: 0px 0px 4px; padding: 0px;">Invest in yourself. ...</li><li class="TrT0Xe" style="list-style-type: disc; margin: 0px 0px 4px; padding: 0px;">Associate yourself with 'high-grade people' ...</li><li class="TrT0Xe" style="list-style-type: disc; margin: 0px 0px 4px; padding: 0px;">Work for people you respect. ...</li><li class="TrT0Xe" style="list-style-type: disc; margin: 0px 0px 4px; padding: 0px;">Ignore the noise. ...</li><li class="TrT0Xe" style="list-style-type: disc; margin: 0px 0px 4px; padding: 0px;">Success isn't measured by money.</li></ul><div class="Od5Jsd" style="color: #70757a; display: inline-block; font-size: 12px; line-height: 1.34; margin-top: 6px;">Aug 31, 2019</div></div></div></div><div class="g" style="background-color: white; clear: both; color: #222222; font-family: arial, sans-serif; font-size: 14px; line-height: 1.2; margin: 0px; padding-bottom: 16px; padding-left: 16px; padding-right: 16px; width: 600px;"><div class="rc" data-hveid="CA0QBQ" data-ved="2ahUKEwjh1dzv66TrAhVMT98KHbqnAJoQFSgCMAJ6BAgNEAU" style="clear: both; padding-bottom: 0px; position: relative;"><div class="r" style="font-size: small; line-height: 1.58; margin: 0px;"><a href="https://www.cnbc.com/2019/08/31/billionaire-investor-warren-buffetts-best-advice.html" ping="/url?sa=t&source=web&rct=j&url=https://www.cnbc.com/2019/08/31/billionaire-investor-warren-buffetts-best-advice.html&ved=2ahUKEwjh1dzv66TrAhVMT98KHbqnAJoQFjACegQIDRAG" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0.1); color: #660099; cursor: pointer; text-decoration-line: none;"><br /><h3 class="LC20lb DKV0Md" style="color: #660099; cursor: pointer; display: inline-block; font-size: 20px; font-weight: normal; line-height: 1.3; margin: 0px 0px 3px; padding: 4px 0px 0px;">Billionaire investor Warren Buffett's best advice - CNBC.com</h3></a></div><div class="r" style="font-size: small; line-height: 1.58; margin: 0px;"><b style="color: black; font-family: "Times New Roman"; font-size: medium;"><i>J</i></b><em style="color: black; font-family: "Times New Roman"; font-size: medium;"><b><span face="" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #5f6368; font-family: calibri, sans-serif; font-style: normal; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: minor-latin;">acoline Loewen</span></b></em><i style="color: black; font-family: "Times New Roman"; font-size: medium;"><span style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #4d5156; mso-bidi-font-family: Arial;"> is a leader in the high performance wealth management arena. She has invested over 25+ years in entrepreneurship, finance and wealth management, having written several best seller books, including <a href="https://www.wiley.com/en-ca/Money+Magnet%3A+How+to+Attract+Investors+to+Your+Business-p-9780470157084">Money Magnet, (John Wiley) publisher).</a></span></i></div></div></div><div class="blogger-post-footer">http://www.moneymagnetbook.ca</div>Jacoline Loewenhttp://www.blogger.com/profile/14420877042823247140noreply@blogger.com0tag:blogger.com,1999:blog-4491368270187146156.post-60169868720762391252020-08-17T13:15:00.006-04:002020-08-28T12:36:55.175-04:00The Hazards of Wealth<p> <i>If you are an entrepreneur and are smart about your wealth, you will be interested in Jacoline Loewen
and her interviews in “<b>Becoming Seriously Wealthy</b>.” Jacoline shares
conversations with entrepreneurs and stories of their financial journeys. In this excerpt from her book, Jacoline explores the hazards of wealth.</i></p>
<p class="MsoNormal" style="margin-left: 36pt;"><b><i>J</i></b><em><b><span face="" style="background: white; color: #5f6368; font-style: normal; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: Arial; mso-hansi-theme-font: minor-latin;">acoline Loewen</span></b></em><i><span style="background: white; color: #4d5156; mso-bidi-font-family: Arial;"> is a
leader in the high performance wealth management arena. She has invested over
25+ years in entrepreneurship, finance and wealth management, having written
several best seller books, including <a href="https://www.wiley.com/en-ca/Money+Magnet%3A+How+to+Attract+Investors+to+Your+Business-p-9780470157084">Money Magnet, (John Wiley) publisher).</a></span><o:p></o:p></i></p>
<p class="MsoNormal"><span style="font-size: xx-large;">T</span><span style="font-size: x-large;">wo weeks ago</span>, I enjoyed a lunch with a former client at his
private residence, looking across his sprawling lawn to the horse paddocks and
fields. When I worked for a family office, I convinced this entrepreneur to
partner with private equity. After six years, and much hard work, he succeeded in that entrepreneur dream where he sold his business and became wealthy beyond his financial goal set ten years back. </p><p class="MsoNormal">I was curious how the sudden wealth had impacted his life and asked, “Now
that you are a few years along from your sale, what is your big insight? We all
think sudden wealth is wonderful but what are the risks? Do you think there are
hazards to wealth?” <o:p></o:p></p>
<p class="MsoNormal">He laughed, “It's similar to winning the lottery.<span style="mso-spacerun: yes;"> </span>It is wonderful and it is a shock to your
life, your family, your friends and peer group. The question no one is going to
ask you is ‘How are you going to replace this self esteem?’ You've been up
Everest and back. Now what are you going to do for thrills and fun?”<o:p></o:p></p>
<p class="MsoNormal"></p><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://1.bp.blogspot.com/-ut9Ri7K8e14/X0kC3BQi0xI/AAAAAAAAK9E/U9a8Lx3OXDkWEMd7YUrwhlRkAvsxzdQjACNcBGAsYHQ/s2048/IMG_2342.JPG" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="1536" data-original-width="2048" height="240" src="https://1.bp.blogspot.com/-ut9Ri7K8e14/X0kC3BQi0xI/AAAAAAAAK9E/U9a8Lx3OXDkWEMd7YUrwhlRkAvsxzdQjACNcBGAsYHQ/w320-h240/IMG_2342.JPG" width="320" /></a></div><br />My friend then commented, “Do you notice how many
entrepreneurs buy an airplane? They have all this hunger for life, for
adventure, and now that they have the money, buying a plane and learning to fly
seems like a very good idea.”<o:p></o:p><p></p>
<p class="MsoNormal">The CAA reports that the most dangerous pilots statistically
likely to have accidents or catastrophic incidents are those pilots with one
hundred hours of experience, but less than five hundred. Jack McLeod, Skye
Finance, who sold aircraft to entrepreneurs says, “Generally, this group gets
bored with pre-flight checks and take short cuts to ‘show off’ to friends and
family, feel nothing about flying inclement weather and are not too familiar
with flying on instruments alone. Experience and hours are all important.”<o:p></o:p></p>
<p class="MsoNormal">My entrepreneur friend had been part of the Strategic Coach
program run by Dan Sullivan which uses the <a href="https://kolbe.com/self/personal-productivity">Kolbe</a> personality and
skill assessment tool.<span style="mso-spacerun: yes;"> </span>Apparently, the <a href="https://kolbe.com/self/personal-productivity">Kolbe</a> test shows that it
is common for entrepreneurs to be quick to start, but to not carry through with
attention to rigorous and systematic detail.<span style="mso-spacerun: yes;">
</span>He said, “Entrepreneurs learn how to fly initially, but soon skip through
the tedious fifty-point check lists prior to flying and overlook the weather
conditions. How many tragic tales do you know of entrepreneurs crashing their
planes with loved ones on board? Remember the young Kennedy who crashed his
plane at night, with his wife onboard?”<o:p></o:p></p>
<p class="MsoNormal">Thankfully, most entrepreneurs have been shown to be astute enough
to recognize flying is not their skill set and to hire an experienced pilot. The
entrepreneurs recognize that while they were talented at their skill set,
flying and getting licensed takes time and attention they do not really want to
dedicate.<o:p></o:p></p>
<p class="MsoNormal">Flying yourself, rather than hiring a pilot, is a terrible
way to risk your future. It's misguided, risky and unfortunately, a common first
foray into travel by former business owners.<o:p></o:p></p>
<p class="MsoNormal">The reality is risks, such as flying planes in poor weather,
Black Swan events, pandemics and disasters are all out there. In the finance
world, this risk is called beta . A beta of 1.00 is at the market level. If
it's 1.5, it's approximately 50% more risky than the market. If it's 0.30 then
it's 70% less risk.<o:p></o:p></p>
<p class="MsoNormal">When you run with entrepreneurs, risk is rarely mentioned. It's
about returns. Winner takes all. Beta does not factor.<o:p></o:p></p>
<p class="MsoNormal">As you decide how to look after your wealth, you may want to
be the person making all the calls. I have watched many entrepreneurs over the
years. Don't fool yourself into believing you can call the risks. I would
advice an entrepreneur with new wealth to ask if you want to spend your time checking
on your money? Will your family be at risk if you are doing the decision making?
What is the worst case scenario for your wealth? Above all, can you do a better
job than the professionals with all of their time dedicated to understanding
how to grow and keep wealth? Do you have their technology, their experience , their
global view of the world, their ability to overcome country bias and the knowledge
of beta which is harvested from overseeing your peers’ wealth? <o:p></o:p></p>
<p class="MsoNormal">Very much like the skills of the pilot , the skills of
managing wealth are increasingly complex. Ensure you have the experts and, the
world's best at wealth management .<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><i><span style="font-family: helvetica;">Interested in risk-testing your portfolio? Please email me
at jacoline.loewen@ubs.com </span></i><o:p></o:p></p>
<p class="MsoNormal"><span style="font-family: helvetica;"><i>If you would like to read more of the series <b>Becoming Seriously
Wealthy</b>, please email me at jacoline.loewen@ubs.com <span style="mso-spacerun: yes;"> </span><o:p></o:p></i></span></p>
<p class="MsoNormal"><span style="font-family: helvetica;"><i>Twitter: @jacolineloewen</i></span><o:p></o:p></p><p style="background-color: white; box-sizing: border-box; font-family: "open sans", sans-serif; font-size: 14px; line-height: 24px; margin: 0px 0px 16px;"><b style="box-sizing: border-box;"></b></p><div class="separator" style="clear: both; text-align: center;"><b style="box-sizing: border-box;"><a href="https://1.bp.blogspot.com/-B_L3gW2r0eY/Xzq6LQ2gFSI/AAAAAAAAK7o/qryz_ysJjkQqRUXXcidaoxMT-bvO2zn9ACNcBGAsYHQ/s451/MoneyMagnet.jpg" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="451" data-original-width="300" height="231" src="https://1.bp.blogspot.com/-B_L3gW2r0eY/Xzq6LQ2gFSI/AAAAAAAAK7o/qryz_ysJjkQqRUXXcidaoxMT-bvO2zn9ACNcBGAsYHQ/w154-h231/MoneyMagnet.jpg" width="154" /></a></b></div><b style="box-sizing: border-box;">Praise for <i style="box-sizing: border-box;">Money Magnet, J.B. Loewen</i></b><p></p><p style="background-color: white; box-sizing: border-box; font-family: "open sans", sans-serif; font-size: 14px; line-height: 24px; margin: 0px 0px 16px;">"Every ambitious private business owner should understand the role of investors and how to attract them. <i style="box-sizing: border-box;">Money Magnet</i> is an indispensible guide to the process."<br style="box-sizing: border-box;" />—<b style="box-sizing: border-box;">Austen Beutel</b>, Chairman and CEO, Oakwest Corporation Ltd.</p><div class="blogger-post-footer">http://www.moneymagnetbook.ca</div>Jacoline Loewenhttp://www.blogger.com/profile/14420877042823247140noreply@blogger.com0tag:blogger.com,1999:blog-4491368270187146156.post-954698903420981192020-04-08T07:23:00.001-04:002020-04-08T12:52:11.301-04:00Are we there yet?<h2>
<span style="color: #a00031; font-family: , , "blinkmacsystemfont" , "segoe ui" , "roboto" , "helvetica neue" , "fira sans" , "ubuntu" , "oxygen" , "oxygen sans" , "cantarell" , "droid sans" , "apple color emoji" , "segoe ui emoji" , "segoe ui symbol" , "lucida grande" , "helvetica" , "arial" , sans-serif;"><span style="background-color: white; font-size: 14px; white-space: pre-wrap;">A good question - Are we at the bottom?</span></span></h2>
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<span style="font-family: "times" , "times new roman" , serif;">Looking for the Bottom is a Holy Grail quest that will bamboozle investors without a long term strategic horizon.</span></div>
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<span style="font-family: "times" , "times new roman" , serif;"><br /></span>
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<span style="font-family: "times" , "times new roman" , serif;">Before the markets open today, just a word on market bottoms. </span></div>
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<span style="font-family: "times" , "times new roman" , serif;"><br /></span></div>
<div>
<span style="font-family: "times" , "times new roman" , serif;">Some of the most interesting questions in investing are especially appropriate today: “Since you expect more bad news and feel the markets may fall further, isn’t it premature to do any buying? Shouldn’t you wait for the bottom?”</span></div>
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<span style="font-family: "times" , "times new roman" , serif;"><br /></span></div>
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<span style="font-family: "times" , "times new roman" , serif;">To me, the answer is “no.” We never know when we’re at the bottom. We can pour over past stock charts, and there are a deep pit of these, and we still will not know what will happen today in the markets. A bottom can only be recognized in retrospect: it was the day before the market started to go up. By definition, we can’t know today whether it’s been reached, since that’s a function of what will happen tomorrow. Thus, “I’m going to wait for the bottom” is an irrational statement.</span></div>
<div>
<span style="font-family: "times" , "times new roman" , serif;"><br /></span></div>
<div>
<span style="font-family: "times" , "times new roman" , serif;">If you want, you might choose to say, “I’m going to wait until the bottom has been passed and the market has started upward.” That’s more rational. However, number one, you’re saying you’re willing to miss the bottom. And number two, one of the reasons for a market to start to rise is that the sellers’ sense of urgency has abated, and along with it the selling pressure. </span><br />
<span style="font-family: "times" , "times new roman" , serif;"><br /></span>
<span style="font-family: "times" , "times new roman" , serif;">That, in turn, means</span><br />
<span style="font-family: "times" , "times new roman" , serif;"> (a) the supply for sale shrinks and </span><br />
<span style="font-family: "times" , "times new roman" , serif;">(b) the buyers’ very buying forces the market upward, as it’s now they who are highly motivated. </span><br />
<span style="font-family: "times" , "times new roman" , serif;"><br /></span>
<span style="font-family: "times" , "times new roman" , serif;">These are the things that make markets rise. So if investors want to buy, they should buy on the way down. That’s when the sellers are feeling the most urgency and the buyers’ buying won’t arrest the downward cascade of security prices.</span></div>
<div>
<span style="font-family: "times" , "times new roman" , serif;"><br /></span></div>
<span style="font-family: "times" , "times new roman" , serif;">The old saying goes, “The perfect is the enemy of the good.” Likewise, waiting for the bottom can keep investors from making good purchases. The investor’s goal should be to make a large number of good buys, not just a few perfect ones. </span></div>
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Follow on Twitter @JacolineLoewen</div>
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<div class="blogger-post-footer">http://www.moneymagnetbook.ca</div>Jacoline Loewenhttp://www.blogger.com/profile/14420877042823247140noreply@blogger.com0tag:blogger.com,1999:blog-4491368270187146156.post-30107302256883236482019-12-23T08:12:00.001-05:002019-12-23T08:12:48.917-05:003 Tips to reduce your portfolio risk<span style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0); -webkit-text-size-adjust: 100%; background-color: #f8f8f8; caret-color: rgb(102, 102, 102); color: #666666; font-family: Merriweather, Georgia, serif; font-size: 16px;">How much do you think about the degree of risk in your portfolio? It's probably not enough. Here's how to think about risk and make portfolio adjustments to increase your odds of success? <a href="https://www.kiplinger.com/article/investing/T047-C032-S014-3-tips-to-lower-your-portfolio-risk.html" target="_blank">Here’s a good article on risk </a>and your portfolio. </span><br />
<span style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0); -webkit-text-size-adjust: 100%; background-color: #f8f8f8; caret-color: rgb(102, 102, 102); color: #666666; font-family: Merriweather, Georgia, serif; font-size: 16px;"><br /></span>
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If you have an investment adviser, you’ve probably been asked to rate your risk tolerance from one to 10. Or maybe you’ve been questioned about what your actions will be during the next market crash: Will you panic and sell or buy more? </div>
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I don’t know many investors self-aware enough to admit they will indeed engage in panic selling. Likewise, most investors don’t sit around with a pile of cash waiting for a market crash — the last crash was in 2008, so those investors have been waiting a long time. Besides, what did <span style="box-sizing: border-box; font-style: italic;"><span style="box-sizing: border-box; font-weight: 700;">you</span></span> do during the depths of 2008? Regardless, you’re now 11 years older and in a different place. Evaluating risk tolerance with simple abstract questions is not useful. </div>
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Risk is powerful, but most of us are more accustomed to thinking about returns. Of course returns matter. But we can’t judge our returns without understanding the risk we have taken. Unfortunately, most people don’t have the slightest understanding of risk.</div>
<h2 style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0); -webkit-text-size-adjust: 100%; box-sizing: border-box; font-family: Oswald, Impact, sans-serif; font-size: 24px; font-weight: 400; line-height: 1.3; margin: 0.75em 0px;">
To Test Yourself, Flip a Coin</h2>
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Here’s my test to start thinking about risk. Imagine all of your money stacked in bills on the desk in front of you. Now you are now looking at the largest stack of bills you have ever seen. We will play a game to determine how your money does over the next 12 months. Your job is to choose between picking up one of two coins: a nickel and a quarter. </div>
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If you choose the nickel, go ahead and flip it in the air. If it lands on heads you will be up 5%. However you will be down 5% if it lands on tails. </div>
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The stakes change if you choose the quarter. If it lands on heads, you will be up an impressive 25%. And tails? Well, you’ll be down 25%. </div>
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With all of your money on the line, which coin do you pick up? And more importantly, what does this tell us?</div>
<span style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0); -webkit-text-size-adjust: 100%; background-color: #f8f8f8; caret-color: rgb(102, 102, 102); color: #666666; font-family: Merriweather, Georgia, serif; font-size: 16px;"><a href="https://www.kiplinger.com/article/investing/T047-C032-S014-3-tips-to-lower-your-portfolio-risk.html" target="_blank">Read the rest here</a>. </span><div class="blogger-post-footer">http://www.moneymagnetbook.ca</div>Jacoline Loewenhttp://www.blogger.com/profile/14420877042823247140noreply@blogger.com0tag:blogger.com,1999:blog-4491368270187146156.post-39508028240029476012019-08-31T13:17:00.001-04:002019-08-31T13:17:21.676-04:00Cash out of the market now?Timing the market seems like a good idea but is difficult to execute. I have a close friend who <span style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0); caret-color: rgb(51, 51, 51); color: #333333; font-family: q_serif, Georgia, Times, "Times New Roman", "Hiragino Kaku Gothic Pro", Meiryo, serif; font-size: 15px;">was one of the few people in my network to successfully predict 2008–2009.</span><br />
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However, even during March 2009, the lows for markets at 7.300, he wanted to wait until `further falls`.</div>
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Then markets hit 10,000 in 2010. He thought it was a dead cat bounce.</div>
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By 2013 or so, he was even more worried. Markets were at 14,000. Record highs! Higher than during 2007–2008.</div>
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Surely this was a bubble! Then 16,000, then 18,000. But now Trump was running for election.</div>
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Then Trump won!</div>
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Surely, now markets would fall incredibly? Then markets hit new highs.</div>
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When markets fell 20% or so in December, he finally bought in, but suddenly the reality downed on him.</div>
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He got in at 21,000–22,000, a discount of 20%+ compared to where prices were a few months previously, and yes he has made 20%+ in the space of 6 months or so.</div>
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Yet he realized something. `I should just have invested from day 1`. He missed out on all those gains, and dividends.</div>
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People forget that point as well. Even stagnant markets, give dividends.</div>
<br class="Apple-interchange-newline" style="-webkit-text-size-adjust: auto;" /><div class="blogger-post-footer">http://www.moneymagnetbook.ca</div>Jacoline Loewenhttp://www.blogger.com/profile/14420877042823247140noreply@blogger.com0tag:blogger.com,1999:blog-4491368270187146156.post-18703929027713307902019-04-03T10:19:00.003-04:002019-04-03T10:19:23.645-04:00Many Seniors Fail This Retirement Income Quiz — Would You?<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: left; margin-right: 1em; text-align: left;"><tbody>
<tr><td style="text-align: center;"><a href="https://4.bp.blogspot.com/-aQFBMJfPShA/XKS_8R8odkI/AAAAAAAAJ2U/sAbcWQsXaf03kZniQDTdWi-RpVyr2Ql1gCLcBGAs/s1600/alainnah.jpg" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" data-original-height="300" data-original-width="400" height="300" src="https://4.bp.blogspot.com/-aQFBMJfPShA/XKS_8R8odkI/AAAAAAAAJ2U/sAbcWQsXaf03kZniQDTdWi-RpVyr2Ql1gCLcBGAs/s400/alainnah.jpg" width="400" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Senior women are planning their retirement better - Alainnah Robertson</td></tr>
</tbody></table>
Basic finance is a tough topic that many people fail to learn. I had a recent conversation with an entrepreneur who sold his trucking company last year for over $20 million. Despite having spent decades negotiating contracts and also selling his company to a publically traded company, he did not know how to manage his new found wealth. When he was running his trucking business, it was all about re-investing his money to his business, which was a ravenous fire for cash.<br />
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Every day, I meet with entrepreneurs who were terrific at inventory and counting their costs and cash flow needs for the business, but do not have apply this thinking to retirement.<br />
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Another former business owner, Alainnah Robertson, says that she ran a business yet did not have the first idea about retirement and managing wealth. Since she has learnt the concept of not touching her capital, and living off the interest and dividends, her views of retirement have changed to the positive.<br />
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Here is a fun quiz to check up on your financial literacy and how to retire at the top of the class!<br />
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<a href="http://www.msn.com/en-us/money/retirement/many-seniors-fail-this-retirement-income-quiz-%e2%80%94-would-you/ar-BBVxR6F?ocid=ientp" target="_blank">Link - click here</a><br />
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<br />
Join the conversation with Jacoline Loewen on Twitte: @jacolineloewen<br />
Instagram @jacolineloewen<br />
<br />
Amazon Author's Page for Jacoline Loewen and her books <br />
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<div class="blogger-post-footer">http://www.moneymagnetbook.ca</div>Jacoline Loewenhttp://www.blogger.com/profile/14420877042823247140noreply@blogger.com0tag:blogger.com,1999:blog-4491368270187146156.post-26835889572099753162019-03-22T09:43:00.000-04:002019-03-22T11:29:13.759-04:00What job do you want your money to do?<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: left; margin-right: 1em; text-align: left;"><tbody>
<tr><td style="text-align: center;"><a href="https://2.bp.blogspot.com/-55pFuhUj8WI/XJTnD8r6U2I/AAAAAAAAJ1I/eoYUAbqNYBsR7DteHtzmKZR141gpdKehgCLcBGAs/s1600/btf.jpg" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" data-original-height="902" data-original-width="1262" height="228" src="https://2.bp.blogspot.com/-55pFuhUj8WI/XJTnD8r6U2I/AAAAAAAAJ1I/eoYUAbqNYBsR7DteHtzmKZR141gpdKehgCLcBGAs/s320/btf.jpg" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Business Transition Forum and speaker, Jacoline Loewen</td></tr>
</tbody></table>
When an owner of a business sells, it is a challenging time as they go from being the smartest guy in the room in their business, to being a money manager. <br />
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These owners find it tough to trust a wealth management expert, even if they are asking the most important question:<br />
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<strong><em>What job you want your money to do?</em></strong><br />
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To have that fancy car, that new home with the best furniture, that golf club membership, that cottage in Muskoka,, that home in Costa Rica?<br />
Or is to educate your kids, support a charity, gift to your alma mater or for scholarships? Or to invest into the VC community? <br />
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One question I do not hear being discussed with enthusiasm is how can the wealth take you to retirement and beyond? The latter question is rarely examined early in the sale of business process. It can be more appealing to have to go to the dentist, it seems.<br />
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Sudden wealth does happen for business owners, people inheriting wealth and the notorious lottery winners. There are popular strategies used by those gaining this sudden wealth.<br />
<h4>
Fire Hose Strategy</h4>
One of my top prospects sold his trucking company a few years ago and has been all over the place with managing his cash outflows. Probably managing his wife and grown up offspring was the hardest. as they were spending money using the fire hose strategy. He just called me all excited because he had just figured out that he only needs dividend strategy. <br />
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"So I don't touch the capital, live off the dividend and if you get 5% interest, you are fine. The market is going up 90% of the time, and I get a check every month."<br />
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I was frustrated that my conversations with him had not unearthed that central and very core point about managing wealth. Needless to say, he has not become my client.<br />
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We are actually doing a highly complex business of wealth management and along the way, this entrepreneur had got the message from his own networking because that is what he trusts.<br />
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<h4>
Pin the Tail on the Donkey Strategy </h4>
What seems blindingly obvious to you, often is not the full answer or even close to the possibilities. If you are relying on your golf buddies or YPO Forum to figure out your wealth management, you will not be getting a full picture of what your could really achieve for you. Your strategy is to go forward blindly and put the tail where you hear your friends telling you to press that pin. When you take off the blindfold, you discover your buddies did not do a good job of guiding your guesses and also, they don't need to care. You need to care.<br />
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What job do you want your money to do? What is your money for? It can be difficult to get going and it is helpful to think about these questions to prod, push and poke your thoughts. there is no correct answer.<br />
<br />
<ol>
<li>What gets you out of bed in the morning, What would get you out of bed?</li>
<li>Do you think globally or locally?</li>
<li>Are you concerned with making a difference? Where? With your family? Or with the community or with a large internet audience?</li>
<li>Are you impulsive or considered?</li>
<li>How much control do you have over your time?</li>
<li>How much money do you need monthly?</li>
</ol>
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<div class="MsoPlainText" style="margin: 0in 0in 0pt;">
<span style="font-family: Calibri;"><span style="mso-spacerun: yes;"><strong>Use my coupon to get a discount to the Business Transition Forum. <span style="font-family: "Calibri","sans-serif"; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin;">20% discount you can share
with your network using the code jloewen20</span></strong></span></span></div>
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<span style="font-family: Calibri;"><span style="mso-spacerun: yes;"> </span></span></div>
<div class="MsoPlainText" style="margin: 0in 0in 0pt;">
<span style="font-family: Calibri;"><span style="mso-spacerun: yes;"></span>The Business
Transitions Forum<</span><a href="https://businesstransitionsforum.com/"><span style="color: blue; font-family: Calibri;">https://businesstransitionsforum.com/</span></a><span style="font-family: Calibri;">>
(BTF) is a multi-city conference for business owners seeking expert insights
for how to approach the most monumental decision in their company’s journey.
Whether their objective is to grow, sell or buy, BTF will give them the tools
to enhance the value of their business. Our 2019 Spring line-up includes BTF
Atlantic (April 2-3), BTF Edmonton (April 15-16) and BTF Toronto (May 28-29).<o:p></o:p></span></div>
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<span style="font-family: Calibri;"><span style="mso-spacerun: yes;"> </span><o:p></o:p></span></div>
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<div class="blogger-post-footer">http://www.moneymagnetbook.ca</div>Jacoline Loewenhttp://www.blogger.com/profile/14420877042823247140noreply@blogger.com0tag:blogger.com,1999:blog-4491368270187146156.post-29273125035920119932019-01-03T17:20:00.002-05:002019-01-03T17:33:37.557-05:00The #1 threat to a client by their financial adviserIn managing a client's wealth, the threat of a client outliving their wealth is a far more serious failure than failing to grow the client's wealth at a maximum pace.<br />
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However, clients bring their many personal biases to the portfolio asset allocation recommended by the investment adviser. In fact, there are approximately 20 types of biases and even the genders tend to favour the same sets of biases. Each of these biases can seriously compromise a portfolio.<br />
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Going back to the question, what is the number one threat to a client by their advisor? The answer is if you are likely to run out of cash and have a hit on your life style.<br />
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For your Client Adviser, their challenge is to understand the client's biases and to be able to make sure they are not compromising the performancae of the portfolio. For example, men tend to be over confident and load up on a stock that is sure to hit it out of the ball park - such as a crypto-currency or marijuana company. An excellent Client Adviser is paid to help you understand your biases and how your behavioural biases impact on the pace of growth of your wealth. Your biases, if unchecked, could also seriously compromise your retirement money.<br />
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It is how the allocation across your portfolio impacts the day-to-day living if there is a market crash. Since the market volatility is increasing, this is an important question for anyone working with a Client Adviser to manage their wealth.<br />
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Do you really know and understand your own biases?<br />
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Your Client Advisor knows the 20 biases and have seen them in many combinations over the years of their career. This natural human behaviour - to follow your own bias - is exactly why you pay your Client Adviser. They are there to save you from your own human imperfections.<br />
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If an asset allocation performs poorly due to a client's bias, what will be the impact on their lifestyle? For the investors with $2M and under, the consequences could be dire. For those with higher levels of wealth, the bias will not have the same consequences.<br />
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Every client brings their set of behavioral biases to the investment relationship with their Client Adviser (CA). Pompian and Longo recommend to CAs that they first determine how much they need to adapt to client bias which can be" irrational". As a suggestion, they advise weighing the rewards of sustaining a calculated, profit-maximizing allocation of assets against the possibility of upsetting the client if they try to educate the client about their biases and end up upsetting them instead. If the client is very wealthy, and insists on irrational decision making, there is far less risk for serious damage to lifestyle and retirement plans.<br />
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Clients are human and have their natural biases and may be wanting a completely different portfolio. When does the CA try to educate and to modify the client bias and when to let it go?<br />
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The key is to look at the worst case scenarios of the investments. If the worst markets happened, would the client run out of money? Would they outlive their cash supply?<br />
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If the answer is yes, the client would suffer, then the CA needs to do their job which is to protect the client from their behavioral biases. The CA needs to moderate the client's views on the asset allocation. It takes courage, but the CA needs to step up and explain the potential outcome to the client. Equally, a client needs to realize they are not seeing the whole picture and their Client Adviser may be making sense. Then, together, they can moderate their expectations for the portfolio.<br />
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If the client has substantial wealth and their day-to-day living would not be impacted by a market crash, then their biases could be accommodated. Overcoming sub-optimal impact of behavioral bias on portfolio returns becomes a lessor consideration. Adapting to, rather than moderating, the client's behavioural bias is then possible.<br />
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<br /><div class="blogger-post-footer">http://www.moneymagnetbook.ca</div>Jacoline Loewenhttp://www.blogger.com/profile/14420877042823247140noreply@blogger.com0tag:blogger.com,1999:blog-4491368270187146156.post-40352852995501426912018-12-12T10:55:00.004-05:002018-12-13T08:59:04.406-05:00Why the wealthy are not satisfied with their money<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: left; margin-right: 1em; text-align: left;"><tbody>
<tr><td style="text-align: center;"><a href="https://3.bp.blogspot.com/-Curc3RKL2w0/XBJky7QyKSI/AAAAAAAAJwE/b11OtQwEhWIDsKT_PGPxqaEyMaoHJwRiQCLcBGAs/s1600/IMG_5400.jpg" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" data-original-height="1600" data-original-width="1121" height="320" src="https://3.bp.blogspot.com/-Curc3RKL2w0/XBJky7QyKSI/AAAAAAAAJwE/b11OtQwEhWIDsKT_PGPxqaEyMaoHJwRiQCLcBGAs/s320/IMG_5400.jpg" width="224" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Jacoline Loewen</td></tr>
</tbody></table>
A business owner and her husband recently sold her family business for $50 million. When we met a few months after the sale, we talked about how her life was unfolding. Keep in mind that she and her husband had worked together for thirty years in their business. Their favourite saying was, "When the client says JUMP, we say, how high?" You can gather that this couple were A type personalities and the level of adrenaline they created in their business had been enjoyable to them as a couple. Now that pressure was completely removed. They could also now afford anything they wanted. All those trips they had postponed to keep their business humming were now available and they had the time.<br />
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The family went on a high-end cruise which sounds wonderful, but there was not a business for them with its pressures and its processes and people to great them after a relaxation period. They had not replaced their busy and high pressured lives yet. Hopefully, they will find a new journey to challenge them.<br />
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This dissatisfaction with the new wealth and the freedom it brings can also amplify boredom and lack of purpose in people's lives. It is common with people who make sudden wealth. Money magnifies who they are. If they were workoholics, it will be a while to find new ventures and challenges.<br />
<blockquote class="tr_bq">
<span style="color: #5e6a74; font-family: "lyon text" , "georgia" , serif; font-size: 22px; letter-spacing: -0.25008px;">At a certain point, another million dollars doesn’t make anything newly affordable. That’s when other motivations take over.</span></blockquote>
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<a href="https://www.theatlantic.com/family/archive/2018/12/rich-people-happy-money/577231/" target="_blank">This article in The Atlantic </a>sums up this man's issue perfectly.<br />
<br />
Excerpt: <br />
<br />
As the number of millionaires and billionaires in the world <a data-omni-click="r'article',r'',d,r'intext',r'0',r'None'" href="http://publications.credit-suisse.com/tasks/render/file/index.cfm?fileid=168E2808-9ED4-5A5E-19E43EA2A731A4ED"><span style="color: black;">climbs</span></a> <a data-omni-click="r'article',r'',d,r'intext',r'1',r'None'" href="https://www.forbes.com/billionaires/#6e77ac1b251c"><span style="color: black;">ever higher</span></a>, there are a growing number of people who possess more money than they could ever reasonably spend on even the lushest goods.<br />
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But at a certain level of wealth, the next million isn’t going to suddenly revolutionize their lifestyle. What drives people, once they’ve reached that point, to keep pursuing more?<br />
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There are some good explanations, I found, after talking to a few people who’ve spent significant amounts of time in the presence of and/or researching the really, really rich. Michael Norton, a Harvard Business School professor who has studied the connections between happiness and wealth, had a particularly elegant model for understanding this pattern of behavior.<br />
<br />
<br />
<a href="https://www.theatlantic.com/family/archive/2018/12/rich-people-happy-money/577231/" target="_blank">This article in The Atlantic </a><div class="blogger-post-footer">http://www.moneymagnetbook.ca</div>Jacoline Loewenhttp://www.blogger.com/profile/14420877042823247140noreply@blogger.com0tag:blogger.com,1999:blog-4491368270187146156.post-68099244508522951762018-12-04T14:08:00.001-05:002018-12-04T14:08:10.335-05:00These 29 Retirement Tips May Surprise You
<span style="font-family: "Times New Roman","serif";"><strong><em>Tip #12: Beware of
Annuities<o:p></o:p></em></strong></span><br />
<br />
<div class="MsoNormal" style="line-height: normal; margin: 0in 0in 0pt;">
<span style="font-family: "Times New Roman","serif";">My clients do not
to have annuities in their portfolios, and with good reason. These complicated,
lengthy contracts favour the companies that write them, not
you. Annuity sales people get high commissions that come straight off the top of
your investment savings. You can manage your retirement-income security needs
in ways that'll cost you less. Said simply, if someone's going to guarantee you
an income in an uncertain world, they're going to charge you enough to ensure
the odds are in their favor - not yours.<o:p></o:p></span></div>
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<tr><td style="text-align: center;"><a href="https://1.bp.blogspot.com/-wxXLqh9tPBk/XAbQQTjM5sI/AAAAAAAAJvU/XKKps8mSFrI3nyx23Dk_lzCjwHQb03_sACLcBGAs/s1600/Fall%2BForecast.jpg" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" data-original-height="1258" data-original-width="1600" height="251" src="https://1.bp.blogspot.com/-wxXLqh9tPBk/XAbQQTjM5sI/AAAAAAAAJvU/XKKps8mSFrI3nyx23Dk_lzCjwHQb03_sACLcBGAs/s320/Fall%2BForecast.jpg" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Jacoline Loewen and Team</td></tr>
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<span style="font-family: "Times New Roman","serif";">Annuities are for
those who do not have a clue about how to manage their wealth and do not have a
client advisor to assist them. <span style="mso-spacerun: yes;"> </span><o:p></o:p></span></div>
<br />
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<span style="font-family: "Times New Roman","serif";"><o:p>If you would like a copy of the 29 Retirement Tips book, send me an email and I will forward you a copy.</o:p></span></div>
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<span style="font-family: "Times New Roman","serif";"><o:p></o:p></span> </div>
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<span style="font-family: "Times New Roman","serif";">Gain unique insight
on a range of retirement topics, from investing and financial planning to
travel and lifestyle, based on decades of experience
working with successful retirees. This entertaining 31-page guide is chock-full
of information to help you get the most out of your retirement, including:<o:p></o:p></span></div>
<br />
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<span style="font-family: "Times New Roman","serif";">•Tips to help you
maximize your nest egg and avoid running out of money in retirement<o:p></o:p></span></div>
<br />
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<span style="font-family: "Times New Roman","serif";">•Ideas for making
the most of time with your family and friends<o:p></o:p></span></div>
<br />
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<span style="font-family: "Times New Roman","serif";">•Methods to
generate income in retirement<o:p></o:p></span></div>
<br />
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<span style="font-family: "Times New Roman","serif";">•Activities to keep
your mind sharp and your body active<o:p></o:p></span></div>
<br />
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<span style="font-family: "Times New Roman","serif";">•Estate-planning
steps so you can relax and enjoy life<o:p></o:p></span></div>
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<span style="font-family: "Times New Roman","serif";"><span style="font-family: "Times New Roman","serif";">Created for
investors with $2,000,000+ in investible assets 29 Retirement Tips from Jacoline
Loewen are for retirees and those planning for retirement. In addition to the
tip above, other tips include:<o:p></o:p></span></span></div>
<br />
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<span style="font-family: "Times New Roman","serif";">•<em>Tip #11</em>: Living
abroad can be great<o:p></o:p></span></div>
<br />
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<span style="font-family: "Times New Roman","serif";">•<em>Tip #16:</em> How to discuss
your asset allocation and plans with your family</span></div>
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<span style="font-family: "Times New Roman","serif";">•<em>Tip #20</em>: Consider
new fields other than the career you retired from<o:p></o:p></span></div>
<br />
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<span style="font-family: "Times New Roman","serif";">•<em>Tip #24:</em> Be
diversified, but not too diversified<o:p></o:p></span></div>
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<span style="font-family: "Times New Roman","serif";"><o:p> </o:p></span></div>
<span style="font-family: "Times New Roman","serif";">How many of these
tips do you already know? Don’t miss this informative and frequently requested
guide!<o:p></o:p></span><br />
<br />
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<span style="font-family: "Times New Roman","serif";"><a href="https://www.amazon.com/Jacoline-Loewen/e/B001PTBN1K%3Fref=dbs_a_mng_rwt_scns_share" target="_blank">Jacoline Loewen</a> Can
Help You Plan for a Successful Retirement<o:p></o:p></span></div>
<br />
<em>Join her on Twitter @jacolineloewen</em><br />
<em>Instagram @Jacolineloewen</em><div class="blogger-post-footer">http://www.moneymagnetbook.ca</div>Jacoline Loewenhttp://www.blogger.com/profile/14420877042823247140noreply@blogger.com0tag:blogger.com,1999:blog-4491368270187146156.post-83616539788654645602018-11-29T08:18:00.001-05:002018-12-04T14:11:19.271-05:00Loyd Chalmers Prize for Excellence in Journalism 2018<div style="background: 0px 0px rgb(255, 255, 255); border: 0px currentColor; box-sizing: inherit; color: rgba(0, 0, 0, 0.75); line-height: 3.2rem; margin-bottom: 3.2rem; margin-top: 3.2rem; outline: 0px; padding: 0px; vertical-align: baseline;">
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<tr><td class="tr-caption" style="text-align: center;">Megan Honan and Jacoline Loewen, Loyd Chalmers Prize for Business Journalism</td></tr>
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I was delighted to award the Loyd Chalmers Prize for
Excellence in Business Journalism 2018 at Ryerson to Megan Honan, a recent
graduate. Megan Honan chose the flower industry of Ontario and how it has developed
into a leader in the world. The article, “Growing an industry, one seed at a
time.”<o:p></o:p><br />
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The Ticker Club dedicates The Goldring and Chalmers annual
award to the memory of one of its founding members in 1929, Floyd Chalmers,
former publisher and editor-in-chief of the Financial Post. The prize is
available to students in clear academic standing who are enrolled in the
bachelor of journalism program in the School of Journalism.<o:p></o:p></div>
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This award celebrates the life and career of Floyd Chalmers
and is presented by the Ticker Club. Chalmers became a reporter at the Toronto
News when he was only 17. By the time he was 27, he was editor-in-chief of the
Financial Post. He became president of Maclean Hunter, which published the Post
and Maclean’s,<span style="mso-spacerun: yes;"> </span>in 1952, and chairman in
1969. He and his wife Jean helped set up the Canadian Opera Company and the
Stratford Festival, commissioned Harry Somers’ opera Louis Riel and set up the
Floyd S. Chalmers Foundation in support of the arts.<o:p></o:p></div>
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@jacolineloewen</div>
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Visit the <a href="https://www.amazon.com/Jacoline-Loewen/e/B001PTBN1K%3Fref=dbs_a_mng_rwt_scns_share" target="_blank">Jacoline Loewen, Amazon Author</a> Page<br />
<div class="blogger-post-footer">http://www.moneymagnetbook.ca</div>Jacoline Loewenhttp://www.blogger.com/profile/14420877042823247140noreply@blogger.com0tag:blogger.com,1999:blog-4491368270187146156.post-2388170292768305402018-11-12T18:03:00.001-05:002018-11-12T18:48:20.554-05:00How to put purpose in your portfolio with Michael Baldinger<div class="separator" style="clear: both; text-align: center;">
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<tr><td class="tr-caption" style="text-align: center;">Michael Baldinger, Sustainable Investing with Jacoline Loewen</td></tr>
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<span style="background-color: white; color: #111111; white-space: pre-wrap;"><span style="font-family: "georgia" , "times new roman" , serif;">We were fortunate enough to have Michael Baldinger, expert on Sustainable and Impact Investing, visit Toronto and speak in front of a wide variation of interest groups - ranging from <a href="https://socialfinanceforum.marsdd.com/resource/michael-baldingerhead-of-sustainable-and-impact-investing-ubs-asset-management/" target="_blank">MaRS Capital</a>, the family offices and pension funds wanting to make an impact, ultra-high net worth investors during a private dinner, and finally, The Ticker Club whose members are the leaders of asset management in Canada.</span></span><br />
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<span style="font-family: "georgia" , "times new roman" , serif;"><i>"How to put purpose in your portfolio</i>" was the theme Michael Baldinger tackled at MaRS, The Social Finance Forum, Canada’s leading event for people who
believe profits should be paired with purpose.</span></div>
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<span style="font-family: "georgia" , "times new roman" , serif;">Every day, billions of dollars are invested with the sole intention of
making more dollars, while life-changing social programs and vital
environmental initiatives struggle for funding. Impact investing is the
fast-growing movement that’s closing that gap by promoting profitable
investments in programs and ventures that power progress.<o:p></o:p></span></div>
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<span style="font-family: "georgia" , "times new roman" , serif;">Now in its 11th year, the Social Finance Forum, organized and convened
by the MaRS Centre for Impact Investing, attracted more than 600 investors,
entrepreneurs, finance professionals, charity leaders and public service
visionaries who are reshaping markets and ensuring that every dollar makes a
difference.</span></div>
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<span style="background-color: white;"><span style="color: #111111; font-family: "georgia" , "times new roman" , serif;"><span style="white-space: pre-wrap;">Later, at a private dinner at The National Club, Michael addressed 40 investors. He made the case that by using new eyes, we can invest to make the world a better place. But what is sustainable? This word lacks a common definition which can make it less attractive for investors who think their charity should be donating to anything sustainable, not as a serious investment case. </span></span></span></div>
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<span style="background-color: white;"><span style="color: #111111; font-family: "georgia" , "times new roman" , serif;"><span style="white-space: pre-wrap;">Talking about the confusion around the word sustainable, Michael chose to not use green on the cover photos of the sustainable investing white papers.</span></span></span></div>
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<span style="background-color: white; color: #111111; white-space: pre-wrap;"><span style="font-family: "georgia" , "times new roman" , serif;">" It is not just about 50 Shades of Green," quips Michael. "It is about going beyond the public numbers to non-material data. that shows which companies are operating with the best interests of society, but also making the returns our investors seek."</span></span></blockquote>
At the Ticker Club, Michael spoke about how to invest, but with the sustainable filter.<br />
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<span style="background-color: white; color: #111111; white-space: pre-wrap;"><span style="font-family: "georgia" , "times new roman" , serif;">Michael Baldinger is a former Wall Street trader intent on making UBS' $800 billion in asset management money greener and more socially responsible.</span></span></blockquote>
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<iframe allowfullscreen="" class="YOUTUBE-iframe-video" data-thumbnail-src="https://i.ytimg.com/vi/CGZup6eH7K8/0.jpg" frameborder="0" height="266" src="https://www.youtube.com/embed/CGZup6eH7K8?feature=player_embedded" width="320"></iframe></div>
<span style="font-family: "georgia" , "times new roman" , serif;">Since 2016, Michael Baldinger has served as Global Head of Sustainable and Impact Investing at UBS Asset Management (UBS). There, Michael leads a team of investment professionals focused on research and stewardship, client solutions and business strategy. And he is responsible for establishing world-class social and environmental impact investing across asset classes.<br />With 30 years in the financial services industry and a decade as an investor in sustainability, Michael brings a wealth of experience to all projects. Before joining UBS, Michael served as Chairman and CEO of RobecoSAM’s executive committee. </span></div>
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<div class="blogger-post-footer">http://www.moneymagnetbook.ca</div>Jacoline Loewenhttp://www.blogger.com/profile/14420877042823247140noreply@blogger.com0tag:blogger.com,1999:blog-4491368270187146156.post-10478619340124422182018-11-07T10:27:00.003-05:002018-11-07T10:35:53.675-05:00What are the fees for sale of your business?<br />
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<a href="https://4.bp.blogspot.com/-AsfI8VgFLSc/W-MEOQpHl1I/AAAAAAAAJtE/gkQLg3NPpS8LCsIRZUolqXSPcGWIKn_mQCLcBGAs/s1600/divestop.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="163" data-original-width="285" height="182" src="https://4.bp.blogspot.com/-AsfI8VgFLSc/W-MEOQpHl1I/AAAAAAAAJtE/gkQLg3NPpS8LCsIRZUolqXSPcGWIKn_mQCLcBGAs/s320/divestop.jpg" width="320" /></a></div>
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<span lang="EN" style="color: #333333; font-family: "georgia" , serif; font-size: 12.0pt; line-height: 175%;">For
all of you entrepreneurs and business owners who are thinking about an exit, I am excited to tell you that the new </span><u><span lang="EN" style="color: #1155cc; font-family: "georgia" , serif; font-size: 12.0pt; line-height: 175%;"><a href="https://www.firmex.com/resources/market-reports/ma-fee-guide-2018-2019/"><span style="color: #1155cc;">M&A Fee Guide 2018-19</span></a></span></u><span lang="EN" style="color: #333333; font-family: "georgia" , serif; font-size: 12.0pt; line-height: 175%;">
report by </span><u><span lang="EN" style="color: #1155cc; font-family: "georgia" , serif; font-size: 12.0pt; line-height: 175%;"><a href="https://www.firmex.com/"><span style="color: #1155cc;">Firmex</span></a></span></u><span lang="EN" style="color: #333333; font-family: "georgia" , serif; font-size: 12.0pt; line-height: 175%;">
and </span><u><span lang="EN" style="color: #1155cc; font-family: "georgia" , serif; font-size: 12.0pt; line-height: 175%;"><a href="https://www.divestopedia.com/"><span style="color: #1155cc;">Divestopedia</span></a></span></u><span lang="EN" style="color: #333333; font-family: "georgia" , serif; font-size: 12.0pt; line-height: 175%;"> is
a must-read. After checking out this report, Founders and Owners will benefit from having a realistic and up-to-date overview of the fees for a proper advisor (not your accountant). Facts make you confident in selecting an expert. </span></div>
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<span lang="EN" style="color: #333333; font-family: "georgia" , serif; font-size: 12.0pt; line-height: 175%;">Over the years, I have observed how the fear of fees can be a block to exploring the wide range of ways to grow the business or exit. I have seen many owners think that fees will be too much. Then they try and do by themselves - this most emotional job of all. Don't be cheap on this part and don't think your accountant alone is the right expert. Get the facts. I think most owners will be surprised. </span></div>
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<span lang="EN" style="color: #333333; font-family: "georgia" , serif; font-size: 12.0pt; line-height: 175%;">Also, I have certainly seen that by using an advisor, you attract a better quality of buyer and end up with a sale price that fits expectations. Do check out this report and don't let fear of fees cost you lost profits.<o:p></o:p></span></div>
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<span lang="EN" style="color: #333333; font-family: "georgia" , serif; font-size: 12.0pt; line-height: 175%;">Success
fees, work fees, break fees…. M&A advisory fees can be structured in
various ways and can differ greatly from region to region and city to city. I
highly recommend checking out this free report to get a true assessment of fees
for your sale of your business. Based on a survey of 480 M&A advisors – AKA
the experts who will go out and find qualified buyers for your company and help
negotiate the sale – this guide provides valuable data on what advisors charge
their clients and why.<o:p></o:p></span></div>
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<span lang="EN" style="color: #333333; font-family: "georgia" , serif; font-size: 12.0pt; line-height: 175%;">An
exit can put owners in an uncomfortable position. While you know how to run
your business better than anyone, this doesn’t necessarily mean you know how to
sell it. When owners seek the expertise of advisors to help with a sale, they
aren’t always familiar with how the process works or the fees that are being
proposed. This report will provide the inside scoop you need to negotiate fees
and terms for the sale of your business with confidence that you’ve done your
homework.<br />
<br />I have personally partnered with my company with BDO and appreciate their ability to work with Canadian companies and their unique circumstances. Adam Mallon, the Managing Director of Transaction Advisory Services, for the mid-market, is someone who can read the situation and give clear and fair feedback to the founder as if it were his own business. Adam is one of the sponsors of the report which is an indicator of the accuracy. </span></div>
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<span lang="EN" style="color: #333333; font-family: "georgia" , serif; font-size: 12.0pt; line-height: 175%;">What I enjoy about Adam is that he does not waste time and gets to the real issues quickly. Adam says, </span></div>
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<span lang="EN" style="color: #333333; font-family: "georgia" , serif; font-size: 12.0pt; line-height: 175%;">“Sale mandates are complicated and, as
this research shows, the associated fees can be calculated in many different
ways. While price is an important element, is not the most important one. When
selling a business, engagements can be long, intense, and often emotional.
Business owners should make sure that their advisor is experienced, qualified,
and a good fit personally.”<span style="mso-spacerun: yes;"> </span></span></blockquote>
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<span lang="EN" style="color: #333333; font-family: "georgia" , serif; font-size: 12.0pt; line-height: 175%;">Great
advice for anyone who’s gearing up for a sale!<o:p></o:p></span></div>
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<b style="mso-bidi-font-weight: normal;"><span lang="EN" style="color: #333333; font-family: "georgia" , serif; font-size: 12.0pt; line-height: 175%;">Get the Full Report</span></b><span lang="EN" style="color: #333333; font-family: "georgia" , serif; font-size: 12.0pt; line-height: 175%;"><br />
To download your free copy of the M&A Fee Guide 2018-19, click </span><u><span lang="EN" style="color: #1155cc; font-family: "georgia" , serif; font-size: 12.0pt; line-height: 175%;"><a href="https://www.firmex.com/resources/market-reports/ma-fee-guide-2018-2019/"><span style="color: #1155cc;">here</span></a></span></u><span lang="EN" style="color: #333333; font-family: "georgia" , serif; font-size: 12.0pt; line-height: 175%;">.<o:p></o:p></span></div>
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<br /><div class="blogger-post-footer">http://www.moneymagnetbook.ca</div>Jacoline Loewenhttp://www.blogger.com/profile/14420877042823247140noreply@blogger.com0tag:blogger.com,1999:blog-4491368270187146156.post-32507840767604832132018-11-05T14:58:00.000-05:002018-11-05T14:58:35.075-05:00Sustainable, Impact Investing Assets Surge - Study reportsThis week, I am running three Sustainable Investing events with our experts from New York and Switzerland. This article on Sustainable investing and the rapid uptake of funds came across my desk today. It is written by one of my favourite editors, Tom Burroughes, Group Editor, Family Wealth Report. The full article was posting on November 5, 2018:<br />
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<div class="standfirst">
<span style="font-family: "helvetica neue" , "arial" , "helvetica" , sans-serif; font-size: large;">The trend of ESG and impact investing continues to build momentum, according to figures from the US. </span></div>
<span style="font-family: "helvetica neue" , "arial" , "helvetica" , sans-serif; font-size: large;"></span><span style="font-family: "helvetica neue" , "arial" , "helvetica" , sans-serif; font-size: large;">Investments that are deemed sustainable or that achieve certain impact beyond purely monetary results are now worth $12 trillion in the US, new figures show, a quarter of all the total assets managed professionally in the country, and a 38 per cent jump from just two years ago.<br /><br /> The data comes from the US SIF Foundation’s 2018 biennial report on such trends. Since the report was first issued in 1995, when sustainable/impact investing accounted for about $639 billion of AuM, the market has surged 18-fold.<br /><br /> Such ways of using investment muscle are gaining ground because, advocates say, they appeal to people who want to not just accumulate savings for the long term but to address issues such as pollution, crime, educational failure and mistreatment of women, among other concerns.<br /><br /> The latest report identified $11.6 trillion in ESG incorporation assets under management at the outset of 2018 held by 496 institutional investors, 365 money managers and 1,145 community investing financial institutions. The largest percentage of money managers cited client demand as their top motivation for pursuing ESG incorporation, while the largest number of institutional investors cited fulfilling mission and pursuing social benefit as their top motivations.<br /><br />“Money managers and institutions are utilizing ESG criteria and shareholder engagement to address a plethora of issues including climate change, diversity, human rights, weapons and political spending,” Lisa Woll, US SIF Foundation CEO, said.<br /><br /> Retail and high net worth individuals are increasingly utilizing this investment approach with $3 trillion in sustainable assets, the </span><a href="http://www.fwreport.com//section.php?keywords=US SIF Foundation"><span style="font-family: "helvetica neue" , "arial" , "helvetica" , sans-serif; font-size: large;">US SIF Foundation</span></a><span style="font-family: "helvetica neue" , "arial" , "helvetica" , sans-serif; font-size: large;"> reported.</span><div class="blogger-post-footer">http://www.moneymagnetbook.ca</div>Jacoline Loewenhttp://www.blogger.com/profile/14420877042823247140noreply@blogger.com0tag:blogger.com,1999:blog-4491368270187146156.post-69026968055920160052018-11-05T13:32:00.005-05:002018-11-05T14:59:36.404-05:002 Changes to Estate and Tax Law in Ontario<span style="color: black; font-family: "frutiger 45 light" , "sans-serif";">The recent <span style="color: black; font-family: "frutiger 45 light" , "sans-serif";">changes to Ontario estate law and U.S. tax law might
impact families with wealth.<span style="color: black; font-family: "frutiger 45 light" , "sans-serif";"><o:p> These 2 new changes are worth reviewing:</o:p></span></span></span><br />
<br />
<ol>
<li><div class="MsoNormal" style="margin: 0in 0in 0pt;">
<span style="color: black; font-family: "frutiger 45 light" , "sans-serif";"><span style="font-size: large;"><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><span style="color: #666666;">For those of you with multiple wills <span style="color: black; font-family: "frutiger 45 light" , "sans-serif";">(used commonly to avoid Probate) should review their Wills. A recent decision, Re Milne, rendered a Primary Will void because it contained a commonly used provision that gave the Trustee discretion to determine what assets to include in the Primary Estate. As a result, multiple wills are only valid if the assets that comprise each of the Primary and Secondary Estate are defined with sufficient certainty. This decision is currently applicable in Ontario, but it is possible that it could be applied in other provinces. </span></span></span></span></span></div>
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<li><div class="MsoNormal" style="margin: 0in 0in 0pt;">
<span style="color: black; font-family: "frutiger 45 light" , "sans-serif";"><span style="font-size: large;"><span style="font-family: "Helvetica Neue", Arial, Helvetica, sans-serif;"><span style="color: #666666;"><o:p> </o:p><span style="color: black; font-family: "frutiger 45 light" , "sans-serif";">U.S. citizens in Canada <span style="color: black; font-family: "frutiger 45 light" , "sans-serif";"><span style="color: black; font-family: "frutiger 45 light" , "sans-serif";">may be impacted by the changes to the Tax Cuts and Jobs Act, specifically the global intangible low-taxed income (GILTI) tax. U.S. GILTI tax is relevant for any U.S. Shareholder owning 10% or more of a controlled foreign corporation (i.e. a Canadian Corporation with US shareholder). U.S. Shareholders in that situation may have a one-time 15.5% tax, plus they must include in income such profits in excess of a 10% return annually on depreciable tangible assets owned by the corporation whether or not a distribution is made to the U.S. Shareholder.</span><span style="color: #1f497d; font-family: "frutiger 45 light" , "sans-serif";"><o:p></o:p></span></span></span></span></span></span></span></div>
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<span style="color: black; font-family: "frutiger 45 light" , "sans-serif";"><o:p> </o:p></span></div>
<div class="blogger-post-footer">http://www.moneymagnetbook.ca</div>Jacoline Loewenhttp://www.blogger.com/profile/14420877042823247140noreply@blogger.com0tag:blogger.com,1999:blog-4491368270187146156.post-49834695219260625722018-11-05T10:25:00.000-05:002018-11-05T10:25:48.434-05:00Clients with wealth need to know you see their needs firstWe are striving to talk to clients the way they think about their money, not the way we do. Many advisors jump into talking about themselves, how they have been doing their role for 20 years and so forth. This does not give the client ease of mind. The client wants to know that you see them and you understand their special circumstances, not that you are shoehorning them into a standard "solution".<br />
<br />
Clients feel their money “has a job to do” – to help them develop and educate their children, care for their parents, fund their businesses and homes, spin out a monthly cash flow, etc. In our client relationships, we are focused on helping our clients achieve their desired outcomes – offering the right capabilities, removing complexity and truly listening. <br />
<br />
Our clients have their best practices in managing their wealth. This mutual sharing of knowledge has developed the wealth management practices over the past 150 years and this is a responsibility we take very seriously. <br /><div class="blogger-post-footer">http://www.moneymagnetbook.ca</div>Jacoline Loewenhttp://www.blogger.com/profile/14420877042823247140noreply@blogger.com0tag:blogger.com,1999:blog-4491368270187146156.post-21622998288045541142018-11-04T16:44:00.004-05:002018-11-04T16:49:15.433-05:00Family Wealth: 5 Essential Questions<a href="https://3.bp.blogspot.com/-0Xt3xSmKBbA/W99oH-hHMRI/AAAAAAAAJsk/KnLYN4-k3jwwwV23YnZMusH3EBF03T-sQCLcBGAs/s1600/IMG_5674.JPG" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" data-original-height="1200" data-original-width="1600" height="240" src="https://3.bp.blogspot.com/-0Xt3xSmKBbA/W99oH-hHMRI/AAAAAAAAJsk/KnLYN4-k3jwwwV23YnZMusH3EBF03T-sQCLcBGAs/s320/IMG_5674.JPG" width="320" /></a><span style="font-family: Times, "Times New Roman", serif;">Having listened to many families of wealth and seeing their family situations, for better or for worse,
it does appear that money can impact also for better or for worse. After creating their wealth, entrepreneurs then are concerned about investing, but their overriding concern is the impact on their children. How will the new money affect them? </span><br />
<span style="font-family: Times, "Times New Roman", serif;">Actually, it worries them deeply and we have all heard stories of families who had wayward next generation due to the wealth. What should a wealthy family do?</span><br />
<span style="font-family: Times, "Times New Roman", serif;"></span><br />
<div style="margin: 0px 0px 11px;">
<span style="font-family: Times, "Times New Roman", serif;">Listening to entrepreneurs who have sold their business and
received an eye watering amount of money, I notice that the great families tend to ask themselves these six
questions.</span><span style="margin: 0px;"><span style="font-family: Times, "Times New Roman", serif;"> </span></span></div>
<span style="font-family: Times, "Times New Roman", serif;"></span><br />
<div style="margin: 0px 0px 0px 48px; text-indent: -18pt;">
<span style="margin: 0px;"><span style="margin: 0px;"><span style="font-family: Times, "Times New Roman", serif;">1.</span><span style="font-family: Times, "Times New Roman", serif; font-size-adjust: none; font-stretch: normal; font: 7pt "Times New Roman"; margin: 0px;">
</span></span></span><span style="font-family: Times, "Times New Roman", serif;">What is really important to our family?</span></div>
<span style="font-family: Times, "Times New Roman", serif;"></span><br />
<div style="margin: 0px 0px 0px 48px; text-indent: -18pt;">
<span style="margin: 0px;"><span style="margin: 0px;"><span style="font-family: Times, "Times New Roman", serif;">2.</span><span style="font-family: Times, "Times New Roman", serif; font-size-adjust: none; font-stretch: normal; font: 7pt "Times New Roman"; margin: 0px;">
</span></span></span><span style="font-family: Times, "Times New Roman", serif;">What are our family’s true assets?</span></div>
<span style="font-family: Times, "Times New Roman", serif;"></span><br />
<div style="margin: 0px 0px 0px 48px; text-indent: -18pt;">
<span style="margin: 0px;"><span style="margin: 0px;"><span style="font-family: Times, "Times New Roman", serif;">3.</span><span style="font-family: Times, "Times New Roman", serif; font-size-adjust: none; font-stretch: normal; font: 7pt "Times New Roman"; margin: 0px;">
</span></span></span><span style="font-family: Times, "Times New Roman", serif;">What should I do to guide and support the life
journey of each of my family members over time?</span></div>
<span style="font-family: Times, "Times New Roman", serif;"></span><br />
<div style="margin: 0px 0px 0px 48px; text-indent: -18pt;">
<span style="margin: 0px;"><span style="margin: 0px;"><span style="font-family: Times, "Times New Roman", serif;">4.</span><span style="font-family: Times, "Times New Roman", serif; font-size-adjust: none; font-stretch: normal; font: 7pt "Times New Roman"; margin: 0px;">
</span></span></span><span style="font-family: Times, "Times New Roman", serif;">How wealthy do I want my children to be?</span></div>
<span style="font-family: Times, "Times New Roman", serif;"></span><br />
<div style="margin: 0px 0px 11px 48px; text-indent: -18pt;">
<span style="margin: 0px;"><span style="margin: 0px;"><span style="font-family: Times, "Times New Roman", serif;">5.</span><span style="font-family: Times, "Times New Roman", serif; font-size-adjust: none; font-stretch: normal; font: 7pt "Times New Roman"; margin: 0px;">
</span></span></span><span style="font-family: Times, "Times New Roman", serif;">Do I feel any responsibility to society?</span></div>
<span style="font-family: Times, "Times New Roman", serif;"></span><br />
<div style="margin: 0px 0px 11px;">
<a href="https://3.bp.blogspot.com/-0Xt3xSmKBbA/W99oH-hHMRI/AAAAAAAAJsk/KnLYN4-k3jwwwV23YnZMusH3EBF03T-sQCLcBGAs/s1600/IMG_5674.JPG" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><span style="font-family: Times, "Times New Roman", serif;"></span></a><span style="font-family: Times, "Times New Roman", serif;">You might also ask what sort of family do you want to be?
What do you want - both with family legacy or family stories? Even the answer from your
children might be – "meh" – and that says a great deal.</span></div>
<div style="margin: 0px 0px 11px;">
<span style="font-family: Times, "Times New Roman", serif;">What legacy do you want to leave your children? What about a
legacy left for society? Deciding where you want to go with your financial
success and why you want to meet those goals will get your strategy going. Determining
how to get there and which legal arrangements to use are secondary tactical
decisions.</span></div>
<div style="margin: 0px 0px 11px;">
<span style="font-family: Times, "Times New Roman", serif;">Your financial wealth a is wonderful vehicle to help your
family do a shared goal.</span><span style="margin: 0px;"><span style="font-family: Times, "Times New Roman", serif;"> </span></span><span style="font-family: Times, "Times New Roman", serif;">In my
experience, families who go through this process achieve better results –
financially and emotionally.</span></div>
<div style="margin: 0px 0px 11px;">
<span style="font-family: Times, "Times New Roman", serif;">By the way, my definition of a successful family is one that
knows who it is, what it stands for and where it is going. Successful families
manage themselves deliberately. </span><span style="margin: 0px;"><span style="font-family: Times, "Times New Roman", serif;"> </span></span><span style="font-family: Times, "Times New Roman", serif;">There is
a lot at stake for families and each family member. If you and your family can
define what is significant, before doing, then your next generation have an
excellent chance of thriving.</span></div>
<div style="margin: 0px 0px 11px;">
<span style="font-family: Times, "Times New Roman", serif;">A staggering amount of wealth has been created in the USA
and inheritances given, foundations endowed and legacies created.</span><span style="margin: 0px;"><span style="font-family: Times, "Times New Roman", serif;"> </span></span><span style="font-family: Times, "Times New Roman", serif;">The wealthy family is trying to find this
other dimension more and more. </span></div>
<div style="margin: 0px 0px 11px;">
<span style="font-family: Times, "Times New Roman", serif;">The other question, after answering "what is important", is
what will be the impact on my children and heirs? I often think that the second question is more important. It is also far more unpredictable. It is why you want to know the life lessons of the best entrepreneurs and how they have managed their family wealth.</span></div>
<div class="blogger-post-footer">http://www.moneymagnetbook.ca</div>Jacoline Loewenhttp://www.blogger.com/profile/14420877042823247140noreply@blogger.com0tag:blogger.com,1999:blog-4491368270187146156.post-58151120151675483202018-10-31T12:52:00.002-04:002018-10-31T16:38:45.062-04:00Christiane Amanpour honoured for her media stories dedicated to PeaceChristiane Amanpour was honoured by Daughters for Life at a gala dinner held at The Carlu in Toronto. She took the opportunity to give the message of peace and to see others as human and not "the Other". <br />
<br />
Christiane knows first hand about politics and the power it holds over behavior. She is Iranian and was educated in Britain, during her youth. This early experience of different cultures, and not quite fitting into the community, gives her a deep insight into belonging and how politicians can warp their people's minds.<br />
<br />
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="https://4.bp.blogspot.com/-Subqz0DSS2Y/W9ndCC6nHpI/AAAAAAAAJsM/pdpu3JNEGNwKcHoAxE216-yUoOmJCrLMgCLcBGAs/s1600/amanpour.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="481" data-original-width="640" height="240" src="https://4.bp.blogspot.com/-Subqz0DSS2Y/W9ndCC6nHpI/AAAAAAAAJsM/pdpu3JNEGNwKcHoAxE216-yUoOmJCrLMgCLcBGAs/s320/amanpour.jpg" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Christiane Amanpour, CNN, and Jacoline Loewen, UBS Bank (Canada)</td></tr>
</tbody></table>
Christiane has an admirable career and here are a few reminders of her assignments around the world to the hot spots of the world:<br />
<blockquote class="tr_bq">
During her early years as a correspondent, Amanpour was given her first major assignment covering the Iran–Iraq War, which led to her being transferred in 1986 to Eastern Europe to report on the fall of European communism.</blockquote>
<div class="tl_time">
<span class="cbl b_lower b_strong"><strong>1990:</strong></span></div>
<div class="tl_time">
<span class="cbl b_lower b_strong"><blockquote class="tr_bq">
Following Iraq's occupation of Kuwait in 1990, Amanpour's reports of the Persian Gulf War brought her wide notice while also taking CNN to a new level of news coverage.</blockquote>
</span></div>
<div class="tl_time">
<span class="cbl b_lower b_strong"><strong>1992:</strong></span></div>
<div class="tl_time">
<span class="cbl b_lower b_strong"><blockquote class="tr_bq">
On 22 December 1992, during the Bosnian War, Amanpour was reporting from Kiseljak, not far from Sarajevo.e Amanpour, CNN Global Head of Media,</blockquote>
LinkedIn: <a href="https://www.linkedin.com/in/jacolineloewen/">https://www.linkedin.com/in/jacolineloewen/</a><br />
Twitter: @jacolineloewen<br />
Amazon Author's page: <a href="https://www.linkedin.com/in/jacolineloewen/">https://www.linkedin.com/in/jacolineloewen/</a></span></div>
<div class="blogger-post-footer">http://www.moneymagnetbook.ca</div>Jacoline Loewenhttp://www.blogger.com/profile/14420877042823247140noreply@blogger.com0tag:blogger.com,1999:blog-4491368270187146156.post-22966262788923969052018-10-31T12:39:00.000-04:002018-10-31T16:43:47.690-04:00More Billionnaires are self-made, and fewer come from the finance industry<span style="font-family: "frutiger 45 light" , "sans-serif"; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US;">More billionaires are self made and fewer are from the finance industry. The USA is a good country for growing new billionaires, but that may be because they are transparent about their wealth, as compared to Russia or other countries or geographic regions. </span><br />
<span style="font-family: "frutiger 45 light" , "sans-serif"; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US;">The philanthropy by the super wealthy is admirable too. The Bill Gates foundation, for example, seems to fund many of the early stage companies here in Canada. </span><br />
<span style="font-family: "frutiger 45 light" , "sans-serif"; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US;"></span><br />
<blockquote class="tr_bq">
According
to the UBS Billionaires Report, compiled by UBS and PwC, <b>the "new [US]
billionaire is different"</b>, writes <b><i>On Wall Street</i></b>,
quoting <b>John Mathews</b>, Head Private Wealth Management UBS Global Wealth
Management USA. <b>More and more of them are self-made</b>, and fewer come from
the finance industry, the report says. The US created a total of <b>53 new
billionaires</b> in 2017, <b>26 percent of whom were female, </b>compared to 12
percent of all North American billionaires. Only nine new billionaires came
from the finance sector, compared to 20 in 2012, while 40 percent came from the
consumer and retail industry. Besides record wealth levels, the report points
to an upcoming massive generational shift in wealth between generations, with
USD 3.4 trillion in wealth set to be handed over to a new generation in the
next two decades. <b>Judy Spalthoff</b>, Head Family and Philanthropy Advisory
Americas UBS Global Wealth Management, notes that the <b>passing on of vast
wealth takes careful preparation</b> and can be a years-long process
encompassing a vast range of issues. "It's not enough to only consider the
transfer," she says. </blockquote>
<blockquote class="tr_bq">
<br />
<b><i>Citywire</i></b> writes that Asia is recording far stronger growth, however,
with UBS estimating that China alone creates two new billionaires every week. <br />
<br />
<b><i>Le Monde</i></b> writes that the outlook is not all fair sailing,
however, with <b>Josef Stadler</b>, Head UHNW UBS Global Wealth Management,
warning that "the <b>risk of a trade war</b> between the United States and
China could [...] disrupt economic growth in both countries, and consequently
the resulting wealth creation."<br />
<br />
The UBS Billionaires Report has attracted a vast volume of media coverage from
a broad range of outlets across different regions. These include a <b><i>CNBC</i></b>
interview with Josef Stadler, a <b><i>Bloomberg</i></b> interview with John
Mathews, as well as articles by the <b><i>Financial Times</i></b>, <b><i>The
Wall Street Journal</i></b>, <b><i>Bloomberg</i></b>, <b><i>Reuters</i></b>, <b><i>Barron's</i></b>,
<b><i>South China Morning Post</i></b>, <b><i>The Business Times</i></b>, <b><i>Frankfurter
Allgemeine Zeitung</i></b>, <b><i>Handelsblatt</i></b>, <b><i>Spiegel Online</i></b>,
<b><i>Manager Magazin</i></b>, <b><i>WirtschaftsWoche</i></b>, <b><i>Les Echoes</i></b>,
and <b><i>Quartz</i></b>.</blockquote>
<h2>
<span style="font-family: "frutiger 45 light" , "sans-serif"; font-size: 10pt;">contact me on Twitter @jacolineloewen</span><br /><span style="font-size: xx-small;"></span><span style="font-size: small;">
<span style="font-family: Calibri; font-size: small;">Amazon Author: </span><a href="https://www.amazon.com/Jacoline-Loewen/e/B001PTBN1K"><span style="color: blue; font-family: Calibri; font-size: small;">https://www.amazon.com/Jacoline-Loewen/e/B001PTBN1K</span></a><o:p></o:p></span><span style="font-size: small;">
</span><div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri; font-size: small;">LinkedIn: </span><a href="https://www.linkedin.com/in/jacolineloewen/"><span style="color: blue; font-family: Calibri; font-size: small;">https://www.linkedin.com/in/jacolineloewen/</span></a><o:p></o:p></div>
<span style="font-size: small;">
</span><div class="MsoNormal" style="margin: 0in 0in 8pt;">
<span style="font-family: Calibri; font-size: small;">Borrow my book from the Toronto Public Library: </span><a href="https://www.torontopubliclibrary.ca/detail.jsp?R=2412089"><span style="color: blue; font-family: Calibri; font-size: small;">https://www.torontopubliclibrary.ca/detail.jsp?R=2412089</span></a><o:p></o:p></div>
<span style="font-size: small;">
</span><span style="font-size: xx-small;">See my books on Amazon: <a href="https://www.amazon.com/Jacoline-Loewen/e/B001PTBN1K" target="_blank">Jacoline Loewen, Amazon Author's page</a>.</span> </h2>
<div class="blogger-post-footer">http://www.moneymagnetbook.ca</div>Jacoline Loewenhttp://www.blogger.com/profile/14420877042823247140noreply@blogger.com0tag:blogger.com,1999:blog-4491368270187146156.post-58268249952487393952018-10-30T10:20:00.000-04:002018-10-30T10:20:11.225-04:00Tech Centers opening in India <span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">FinTech is popping up everywhere, in America and other countries India, with new technologies being introduced daily. Dean Hopkins, head of OneEleven, says he is the PhD of Global Scaleups and he is opening Canadian tech incubators around the world. He was in London last week opening the newest OneEleven tech incubator.</span><br />
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<br />
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><a href="https://1.bp.blogspot.com/-hP8IvAgzQPI/W9hnRgFSdkI/AAAAAAAAJrs/gLDtYppxV5wVx5QEfwxqnFhV0Mcce_x_ACLcBGAs/s1600/Dean%2BHopkins_Profile.jpg" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="900" data-original-width="1600" height="180" src="https://1.bp.blogspot.com/-hP8IvAgzQPI/W9hnRgFSdkI/AAAAAAAAJrs/gLDtYppxV5wVx5QEfwxqnFhV0Mcce_x_ACLcBGAs/s320/Dean%2BHopkins_Profile.jpg" width="320" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Dean Hopkins, OneEleven, Toronto, Canada</td></tr>
</tbody></table>
<br />
<span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">As Dean says, "Keeping ahead of FinTechs and how they could potentially disrupt bank business practices is critical. It is becoming a critical skill to be able to assess technologies and bring them on board to mix or replace legacy systems."</span><br />
<span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"></span><br />
<span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">Not easy to do. </span><br />
<span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"></span><br />
<span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">Some banks are increasing their strategy to develop their own tech centers to access the best new FinTechs and their hot shot founders. These centers are springing up in developed cities such as Toronto and London, but also emerging countries are benefitting:</span><br />
<br />
<span style="font-family: "frutiger 45 light" , "sans-serif"; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US;"><strong><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">"UBS
has opened a second tech center in the Indian city of Pune</span></strong></span><span style="font-family: "frutiger 45 light" , "sans-serif"; font-size: 10pt;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">,
reports <b><i>Verdict</i></b>. It is the fourth in the country, with a further
two located in Mumbai. The new UBS tech center <b>will focus on the development
of Neo, UBS's cross-asset platform</b>, while also monitoring applications and
data for the bank. "We want to benefit from the huge demographic dividend
which India has. When we started our journey with risk management in 2015, the
first product from the Pune site gave us a lot of confidence to grow our
footprint In India," comments <b>Harald Egger</b>, Head Group Sourcing
UBS. "<br />
<br />
<b><i>"The Times of India</i></b> quotes Egger as further explaining that <b>UBS
is looking to hire computer scientists in India</b>, but is facing tough
competition. "The Indian talent landscape puts us in direct competition
with our vendors," he points out</span>.."</span><div class="blogger-post-footer">http://www.moneymagnetbook.ca</div>Jacoline Loewenhttp://www.blogger.com/profile/14420877042823247140noreply@blogger.com0tag:blogger.com,1999:blog-4491368270187146156.post-33935715138297105172018-10-29T13:35:00.000-04:002018-10-29T14:29:00.168-04:00In China, female billionaires are growing in number.<span style="color: red; font-family: "frutiger 45 light" , "sans-serif"; mso-ansi-language: EN-US; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US;"><strong>Billionaires Report</strong></span><span style="font-family: "frutiger 45 light" , "sans-serif"; font-size: 10pt;"><br /><span style="font-size: small;">
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<span style="font-size: small;"><a href="https://2.bp.blogspot.com/-52nHZTKx-y0/W9dEaJu45II/AAAAAAAAJrU/Rntb657yft47NcTfMjIaQ7ITfdABUoyJwCLcBGAs/s1600/BloombergMarkets-cover_1705.gif" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="691" data-original-width="540" height="320" src="https://2.bp.blogspot.com/-52nHZTKx-y0/W9dEaJu45II/AAAAAAAAJrU/Rntb657yft47NcTfMjIaQ7ITfdABUoyJwCLcBGAs/s320/BloombergMarkets-cover_1705.gif" width="250" /></a></span></div>
<span style="font-size: small;">According to the <b>UBS PwC Billionaires Report</b>, the<b> total wealth </b>controlled
by the world's billionaires<b> rose by more than 19 percent year-on-year</b> in
<b>2017</b>, to <b>USD 8.9 trillion</b>, reports <b><i>CNBC</i></b>. The
driving force behind the trend is <b>Chinese wealth creation</b>, the report
says, with the country creating two new billionaires every week last year. The <b>number
of female billionaires is also growing strongly</b>, particularly in China,
where their number grew by 13 percent last year, outstripping global growth in
female billionaires, which stood at 11 percent. One key difference, explains <b>Josef
Stadler</b>, Head of UHNW UBS Global Wealth Management, is that "we see in
China entrepreneurial female billionaires, whereas in Europe and the United
States there are more females who inherit, but then get into entrepreneurial
activities as a result."<br />
<br />
The UBS PwC Billionaires Report 2018 shows that the <b>combined wealth of
China's billionaires surged 39 percent to USD 1.12 trillion last year</b>,
which is more than double the gains reaped by their peers in the US and Europe,
whose collective fortunes increased 12 percent and 19 percent, respectively. <b>John
Mathews</b>, Head of UHNW Americas UBS Global Wealth Management, says that <b>"we're
in a new gilded age," with "unbelievable and unprecedented
wealth" in China</b>. Some of the wealth gains may be illusory, however,
cautions <b><i>Bloomberg</i></b>. The report showed that roughly half of
China's new billionaires saw their wealth dip below 10 digits by the end of the
year in 2017, a trend that is continuing in 2018.<br />
<br />
The US remains the largest concentration of wealth worldwide, and is still the
home of innovation,<b> John Mathews</b>, Head of UHNW Americas UBS Global
Wealth Management, says on <b><i>Monocle24</i></b>'s <b>The Bulletin With UBS</b>.
According to <b>Mike Ryan</b>, UBS Chief Investment Officer Americas, the major
takeaway from the Billionaires Report is that the figures represent the rise of
China. <b>Josef Stadler</b>, Head of UHNW UBS Global Wealth Management, points
out that China no longer copies innovations from elsewhere, but exports its own
innovations out into the world.<b> Judy Spalthoff</b>, Head of Family and
Philanthropy Advisory Americas at UBS Financial Services, discusses the
importance of the growing number of women billionaires, and the importance of
succession planning.<br />
<br />
<b><i>Neue Zürcher Zeitung am Sonntag</i></b> writes that <b>Chinese
authorities are increasingly scrutinizing the country's ultra-wealthy</b>, and
cracking down where they suspect wrongdoing. They cite the example of <b>high-profile
actress</b> <b>Fan Bingbing</b>, who disappeared for months before making a
tearful public confession, admitting to tax evasion and promising to repay CHF
130 million. <b>Banks can easily get caught up in the mix</b>, the paper says,
citing the current example of a UBS employee asked to remain in Beijing and
assist investigators in matters unknown. UBS Group CEO Sergio Ermotti has
assured that this has nothing to do with either the bank or the employee, but
several other banks quickly issued China travel bans to their staff, the paper
notes.</span>
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If you would like a copy of the report, please contact me at jacoline.loewen at ubs dot com<br />
<span style="font-family: "frutiger 45 light" , "sans-serif"; font-size: 10pt;"></span><br />
<span style="font-family: "frutiger 45 light" , "sans-serif"; font-size: 10pt;">contact me on Twitter @jacolineloewen</span><br />
<span style="font-family: Frutiger 45 Light; font-size: x-small;"></span><br />
<span style="font-family: Frutiger 45 Light; font-size: x-small;">See my books on Amazon: <a href="https://www.amazon.com/Jacoline-Loewen/e/B001PTBN1K" target="_blank">Jacoline Loewen, Amazon Author's page</a>.</span><div class="blogger-post-footer">http://www.moneymagnetbook.ca</div>Jacoline Loewenhttp://www.blogger.com/profile/14420877042823247140noreply@blogger.com0tag:blogger.com,1999:blog-4491368270187146156.post-87970137495941106292018-10-10T07:22:00.002-04:002018-10-29T14:29:15.789-04:00How prepared you are to live well in retirement?<div class="separator" style="clear: both; text-align: center;">
<a href="https://2.bp.blogspot.com/-nrul2cbhTBQ/W73g1anPQFI/AAAAAAAAJqA/giM6ArD1-aIT2oqHl5R-9lvTd_7P9LHhQCLcBGAs/s1600/IMG_4440.JPG" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="1200" data-original-width="1600" height="240" src="https://2.bp.blogspot.com/-nrul2cbhTBQ/W73g1anPQFI/AAAAAAAAJqA/giM6ArD1-aIT2oqHl5R-9lvTd_7P9LHhQCLcBGAs/s320/IMG_4440.JPG" width="320" /></a></div>
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<span style="font-family: "times" , "times new roman" , serif;">MIT AgeLab has identified three questions you should<u> </u></span><span style="font-family: "times" , "times new roman" , serif;">ask yourself to assess how prepared you are to live well in retirement:</span></div>
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<span style="font-family: "times" , "times new roman" , serif;"><br /></span></div>
<blockquote class="tr_bq" style="background-color: white; color: #222222;">
<span style="font-family: "times" , "times new roman" , serif;">1. Who will change my light bulbs?</span><span style="font-family: "times" , "times new roman" , serif;">2. How will I get an ice cream cone?</span><span style="font-family: "times" , "times new roman" , serif;">3. Who will I have lunch with?</span></blockquote>
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<span style="font-family: "times" , "times new roman" , serif;">What do these questions have to do with retirement planning? </span></div>
<div class="MsoNormal" style="background-color: white; color: #222222;">
<span style="font-family: "times" , "times new roman" , serif;"><br /></span></div>
<div class="MsoNormal" style="background-color: white; color: #222222;">
<span style="font-family: "times" , "times new roman" , serif;">A lot more than you might think. They actually uncover important factors about aging in place, staying mobile, and maintaining a strong social network in retirement. These factors can serve as a starting point for planning a satisfying retirement.</span><br />
<span style="font-family: Times;"></span><br />
<span style="font-family: Frutiger 45 Light; font-size: x-small;">See my books on Amazon: </span><a href="https://www.amazon.com/Jacoline-Loewen/e/B001PTBN1K" target="_blank"><span style="font-family: Frutiger 45 Light; font-size: x-small;">Jacoline Loewen, Amazon Author's page</span></a></div>
<div class="blogger-post-footer">http://www.moneymagnetbook.ca</div>Jacoline Loewenhttp://www.blogger.com/profile/14420877042823247140noreply@blogger.com0tag:blogger.com,1999:blog-4491368270187146156.post-78657036458639244452018-10-03T11:18:00.003-04:002018-10-29T14:30:04.041-04:00Bloom Burton Award honours Dr. Clarissa Desjardins, Clementia Pharmaceuticals <table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: left; text-align: left;"><tbody>
<tr><td style="text-align: center;"><a href="https://2.bp.blogspot.com/-4uof3k8az3g/W7TbHMDRTSI/AAAAAAAAJpg/hsduwlSRC8kI_WXQWogzAIM6sYyKdEpGACLcBGAs/s1600/Bloom%2BBurton%2BSept%2B27%2B2018%2B%252871%2529%2B%25281%2529.jpg" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" data-original-height="1600" data-original-width="1067" height="400" src="https://2.bp.blogspot.com/-4uof3k8az3g/W7TbHMDRTSI/AAAAAAAAJpg/hsduwlSRC8kI_WXQWogzAIM6sYyKdEpGACLcBGAs/s400/Bloom%2BBurton%2BSept%2B27%2B2018%2B%252871%2529%2B%25281%2529.jpg" width="266" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Bloom Burton Gala 2018, Jacoline Loewen</td></tr>
</tbody></table>
<span style="color: #444444; font-family: "times" , "times new roman" , serif;">Recognizing entrepreneurs stirs up the economy in many ways. The reason the Bloom Burton Awards Gala 2018 worked so well is the spirit of the two leaders of the firm. - Brian Bloom and Jolyon Burton. They not only stirred up the health and pharma industry, but also put on a spectacular gala. The duo were inspiring as they talked about the nominees and their journey to success. They also lifted the spirits of everyone with Brian's story about his choice of tuxedo for the evening, a great choice, I must add.</span><br />
<span style="color: #444444; font-family: "times" , "times new roman" , serif;"></span><br />
<span style="color: #444444; font-family: "times" , "times new roman" , serif;"></span>
<br />
<div>
<span style="color: #444444; font-family: "times" , "times new roman" , serif;">Getting serious, the winner was Dr. <a href="https://business.financialpost.com/pmn/press-releases-pmn/business-wire-news-releases-pmn/clarissa-desjardins-receives-the-2018-bloom-burton-award" target="_blank">Clarissa Desjardins</a>, <span style="background-color: white;">Founder and CEO of Clementia Pharmaceuticals Inc., which specializes in bone disorders.</span></span></div>
<div>
<span style="color: #444444; font-family: "times" , "times new roman" , serif;"><br /></span><br />
<div>
<span style="background-color: white; text-align: justify;"><span style="color: #444444; font-family: "times" , "times new roman" , serif;">Bestowed annually, the Bloom Burton Award honours an individual scientist, inventor, executive, entrepreneur, industry leader, or policy maker who made the greatest contribution to Canada’s innovative healthcare industry in the previous year. </span></span></div>
<div>
<span style="background-color: white; text-align: justify;"><span style="color: #444444; font-family: "times" , "times new roman" , serif;"><br /></span></span></div>
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<span style="background-color: white; text-align: justify;"><span style="color: #444444; font-family: "times" , "times new roman" , serif;">Nominees are accepted from any of the biotechnology, pharmaceutical, medical device, diagnostic/imaging, research instrumentation, consumer health, services or healthcare IT sectors, and equal consideration was given to contributions across any stage of development – from discovery to commercial end markets.</span></span></div>
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<span style="background-color: white; text-align: justify;"><span style="color: #444444; font-family: "times" , "times new roman" , serif;"><br /></span></span></div>
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<span style="background-color: white; text-align: justify;"><span style="color: #444444; font-family: "times" , "times new roman" , serif;">There were good wishes sent from the Prime Minister of Canada, as well as the leader of Ontario and our City of Toronto. Well done, Bloom Burton, for a tremendous event.</span></span><br />
</div>
<div>
<span style="background-color: white; text-align: justify;"><span style="color: #444444; font-family: "times" , "times new roman" , serif;"><br /><span style="color: black; font-family: Frutiger 45 Light; font-size: x-small;">See my books on Amazon: </span><a href="https://www.amazon.com/Jacoline-Loewen/e/B001PTBN1K" target="_blank"><span style="font-family: Frutiger 45 Light; font-size: x-small;">Jacoline Loewen, Amazon Author's page</span></a></span></span></div>
<table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto; text-align: center;"><tbody>
<tr><td style="text-align: center;"><img alt="Image result for bloom burton award gala 2018" height="299" src="data:image/jpeg;base64,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" style="margin-left: auto; margin-right: auto;" width="400" /></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Jolyon Burton, Dr Desjardins and Brian Bloom, 2018</td></tr>
</tbody></table>
<div class="blogger-post-footer">http://www.moneymagnetbook.ca</div>Jacoline Loewenhttp://www.blogger.com/profile/14420877042823247140noreply@blogger.com0tag:blogger.com,1999:blog-4491368270187146156.post-86794390049151485342018-09-05T19:26:00.003-04:002018-09-05T19:35:42.574-04:00Craig Loewen and his UWaterloo team win James Dyson Engineering Award for Canada<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: left; margin-right: 1em; text-align: left;"><tbody>
<tr><td style="text-align: center;"><a href="https://4.bp.blogspot.com/-64X7alKOI0Q/W5Bk4HXwISI/AAAAAAAAJoE/aySJw-D3iAUNeQa9Oev6x1HQIbizEl7KgCLcBGAs/s1600/watvision_team-500x321.jpg" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" data-original-height="321" data-original-width="500" height="256" src="https://4.bp.blogspot.com/-64X7alKOI0Q/W5Bk4HXwISI/AAAAAAAAJoE/aySJw-D3iAUNeQa9Oev6x1HQIbizEl7KgCLcBGAs/s400/watvision_team-500x321.jpg" width="400" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Craig Loewen with /university of Waterloo tea, winners of James Dyson Award</td></tr>
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Very proud of my son and his award by Dyson. He was interviewed by the <a href="https://uwaterloo.ca/stories/engineering-students-project-captures-national-dyson-award-0" target="_blank">University of Waterloo: </a><br />
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A blog post, written by a visually impaired person about the challenges she faced trying to use the office’s new touch screen coffee maker, was the inspiration behind a recent <a href="https://uwaterloo.ca/capstone-design/" style="box-sizing: inherit; color: black; transition: color 0.3s linear 0s;">Waterloo Engineering Capstone Design</a> project. <a href="https://www.jamesdysonaward.org/en-CA/2018/project/watvision/" style="box-sizing: inherit; color: black; transition: color 0.3s linear 0s;">WatVision</a> took home top honours in the national leg at this year’s James Dyson Award for its clever, yet simple engineering principles.</blockquote>
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Developed by six mechatronics engineering students, WatVision is a system that reads out words or numbers on a device allowing visually impaired individuals to make a cup of java, select an elevator floor or perform other functions most people take for granted.</div>
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“We looked at creating braille readers at first, but decided that would be way too hard,” says Craig Loewen, a WatVision member. “When [a team member<a href="https://watvision.github.io/blog/2017/11/09/the-need/" style="box-sizing: inherit; color: #4e4e4e; outline: dotted thin; text-decoration-line: none; transition: color 0.3s linear 0s;">] read a blog post about an individual not being able to make coffee</a> because she couldn’t use the touch screen, we all said that we could solve that problem.”</div>
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“In about 30 minutes, the person who was blind was able to go through a few screens on a touch screen. Another individual with low vision was able to use it instantly and really liked it,” says Loewen.</div>
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In March, WatVision captured a GM Innovation Award as well as second place in the People’s Choice Award during TronCon, an annual mechatronics engineering event that connects alumni with current students.</div>
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<a href="https://uwaterloo.ca/stories/engineering-students-project-captures-national-dyson-award-0" target="_blank">Read full article.</a></div>
<div class="blogger-post-footer">http://www.moneymagnetbook.ca</div>Jacoline Loewenhttp://www.blogger.com/profile/14420877042823247140noreply@blogger.com0