Inflation is Knocking

I had a great discussion with my daughters about the increasing cost of everything when talking about the monthly bills. The stark financial reality of price increases become more apparent as you move out, but it is even more of an issue in retirement.


Inflation is just a nuisance when you are working because the solution is easy ... just work longer hours, or get a second job. When your are retired, inflation effects on your income is critical when you are on a fixed income.


Staying ahead of inflation is a losing battle over a life time. As with taxes, inflation has a way of catching up with you.


I got my hands on an issue of Reminisce Magazine the other day and it had a list of the prices of many staples from 1937. Check these prices out

Stay Informed about Your Investments

With all the volatility in the markets, risk and investment suitability has become more of an issue for investors. It wasn't too long ago, when everything was going up, that few wanted to question how their investment actually worked.

Higher returns seem the most important financial issue when choosing an investment, but pale in comparison to the reality of loss when your investment does not perform as expected. What can be done to minimize the risk loss?

Of course there are some financial strategies you can use such as diversification, dollar cost averaging and buying at a discount using a value manager. One strategy that is commonly overlooked, because it just seems obvious, is knowing what you own.

When was the last time you reviewed what the top 10 holdings in your portfolio? How is your manager buying these holdings? How are you doing in comparison to others? Are you comfortable with the strategy you are using?

Check out this excerpt from Mackenzie Financial Insight Magazine below ...