Financial Planning Awareness Week

During the 17th to 23rd of this month Canada had a financial planning week to try and raise awareness for the need to plan your finances, banking and wealth management.

It was held to help people get to grips with the things they can do to change their financial situations and there were talks and workshops all over the country for the event. I think it was a very good idea, especially seeing as the economic situation we are in at the moment a lot of people are just keeping their heads down and trying to ignore it all. I hope we can learn from the Canadians and do something similar over here in Britain next year.

Amplify’d from moneymatey.wordpress.com

From the 17th to 23rd of October this year it was Financial Planning Week in Canada and I think it is something that should be spread out all across the globe and I would love to see Britain partaking in this next year.

The week was there to raise awareness and as a call to action for people to collaborate and try to get meaningful change for the benefit of all Canadians. Similar weeks are already being held in the U.S. and Quebec.

Imagine if, by the year 2020, Canada becomes a nation of organizations, a regulatory environment and a populace that:

Shares responsibility for ensuring the financial planning needs of Canadians are well served

Financial Planning Week uses the following items as guiding principles for its activities and discussions. By the year 2020, we hope to see that:

every high school graduate has experienced some introductory financial planning curriculum and thus can make better-informed decisions about their finances, ultimately putting them on the path to a better financial future in later years;

there is a regulatory environment that provides the support and landscape to encourage the various stakeholders such as industry, employers and individuals to adopt the values and associated behaviors of financial planning.

industry responsibly promotes financial planning and clearly distinguishes financial planning from  product advice

Canadians understand the distinction between product and financial planning advice and recognize the value and appropriate place for each Read more at moneymatey.wordpress.com

 

See this Amp at http://amplify.com/u/a1g54l

Tags: canadians, financial, financial planning, financial planning week, planning

The East Africa Appeal

In an interesting move by the Conservative Party they have not released a Party Political Broadcast for October and instead they have taken their TV time (and YouTube videos, blog posts etc) to raise awareness for the East Africa Appeal, which is trying to help those who are in the middle of the horrific droughts and famine in East Africa at the moment.

You can watch the video below.

 

Risking The Stock Market

With a pretty shaky economy at the moment a lot of people are wondering what they should do regarding investments and financial planning. It is a tricky area at the moment and you would probably be best off looking into some kind of wealth management if you are looking at any substantial investments any time soon.

Below is also a quick run down of some things to consider going into the stock market game, click the link to see more.

Amplify’d from moneymatey.wordpress.com

leave a comment »

The economic climate of the early 2010s is worrying to say the least. Gloomy headlines and stories stare out at us from our newspapers and TV news channels every day. So with all that’s going on, should you be investing in stocks and shares?

The bottom of any dip in share prices is the best time to invest, as here you can buy your shares at the cheapest price and see their value rise. Unfortunately predicting exactly the lowpoint of any dip is very difficult, if share prices are low, will they fall further or begin to rise? But the most successful investors are often the ones who can correctly predict the way the markets will go.

The media may be full of gloomy news on the economic front, but some of the world’s emerging economies have continued to grow. Investing in the Far East or Latin America for example must still be considered a high risk investment, but it could also result in the value of your funds growing massively.

We truly are living in very uncertain times. In the past decade alone there have been several major events that have caused significant falls in share prices, such as the 9/11 attacks, the 2008 banking crisis and the debt problems experienced by several countries in 2011. No analysts can predict with confidence that further stock market falls will not follow the most recent of these slumps, and it is very difficult to know which region of the world will experience difficulties next. Some of the eurozone economies such as Ireland, Italy, Portugal, Greece and Spain have experienced particularly severe difficulties recently. Faced with a daily diet of worrying news stories, it is totally understandable that many people do not wish to invest in risky areas.

Investing in high-risk areas is even more risky if it involves your pension fund and you are close to retirement. If your pension fund falls due to a fall in share prices, it may be well after your retirement until it recovers, and then it will be too late. Hence it is normally recommended that while there is nothing wrong in principle with saving for retirement via higher risk areas, that you move your fund into more cautious investments as you near retirement age. Read more at moneymatey.wordpress.com

 

See this Amp at http://amplify.com/u/a1d66c

Tags: far east, investing, market, prices, retirement