You’ve likely heard the old Wall Street adage that suggests you should “sell in May and go away”. The strategy sounds simple enough because it asks an investor to exit the stock market in early May and not return until the end of October to avoid a perceived summer slump. At Schneider & Pollock Wealth […]
Someone I knew that passed away a few years ago was very organized. She never forgot appointments, always arrived on time, and remembered the names of all her friends’ kids. But, when she passed away, it was discovered by her children that the beneficiary information on her RRIF was unfortunately left blank. Instead of the […]
The RSP contribution deadline for the 2025 tax year is Monday, March 2, 2026. Contributions made by this date can be deducted from your 2025 taxable income. The maximum contribution limit is 18% of earned income, up to $32,490. Depending on your personal situation, it doesn’t always make sense to contribute. Contributing to an RSP […]
In the world of behavioral finance, there is a well-documented phenomenon known as loss aversion. Nobel Prize-winning psychologists Daniel Kahneman and Amos Tversky found that the pain of a loss is psychologically twice as powerful as the joy of an equivalent gain. Statistically, most investors require at least a 2-to-1 gain to offset the emotional […]
Our investment in Canadian Utilities (“CU”), which delivers gas and electricity, in November 2023 was based on a straightforward premise: its attractive 5.7% dividend yield positioned it as a prime beneficiary of anticipated interest rate cuts. We believed falling rates would naturally enhance the appeal of high-yielding dividend stocks like CU for income investors seeking […]
