Tag: Portfolio
Windfall Wisdom: What to do When You Inherit a Large Sum of Money (Ep. 67)

Windfall Wisdom: What to do When You Inherit a Large Sum of Money (Ep. 67)

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Who hasn’t bought that lottery ticket hoping it’s the winner in the big? But what if it really happened? What would you do? The same goes for any kind of windfall, including an inheritance or a gift. 

In this episode, Kris Dureau details the steps you need to take to make sure you safeguard the wealth and the process following a windfall along with a number of informed decisions you can then make that will maximize the payout. 

Kris discusses:

  • How you can direct your inherited wealth to four different “buckets” 
  • The tax deferral benefits of different investment vehicles
  • The benefits of giving or donating a portion of your wealth
  • How to comfortably save for retirement in today’s wealth climate 
  • And more

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Investing While Owning a Small Business with Gary Armstrong, CPA, CGA (Ep. 54)

Investing While Owning a Small Business with Gary Armstrong, CPA, CGA (Ep. 54)

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You want to invest your money and we want to help you do so, but you have a small business. So, what are your options now? Do you invest through your personal assets or your corporation? 

In this episode, Kris sits down with Gary Armstrong from Green Private Wealth to discuss what both of these routes can offer you. They talk about things to consider before making this decision such as taxes, returns on investments, and how much cash you should have as liquid assets within your company and in your personal portfolio. 

Gary and Kris discuss:

  • How to identify investment risks as a young entrepreneur 
  • What redundant assets entail and how you can use them for investments 
  • The tax implications of each investment route 
  • And more

Connect With Gary Armstrong

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About Gary Armstrong:

Gary Armstrong is a chartered professional accountant and certified general accountant (CPA, CGA) with a specialization in taxation through the In-Depth Tax Course offered by CPA Canada.  Before joining Green Private Wealth Counsel, Gary worked for almost ten years at a local accounting firm that focused on personal and corporate tax services for individuals and businesses of all sizes. Before that, Gary worked in 2 different large international accounting firms providing general accounting and US personal tax services.

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Protecting Your Portfolio from Inflation (Ep. 49)

Protecting Your Portfolio from Inflation (Ep. 49)

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When talking about protecting your assets from inflation, many of us automatically think about gold. 

While gold often manages to hold its value and to appreciate, it isn’t a perfect inflation hedge.

In this episode, Kris Dureau fills you in on ways you can protect your portfolio from inflation. Rather than gold, Kris shows you other assets that could end up performing better in today’s environment.

Kris discusses:

  • Which assets protect your portfolio during inflation
  • Ways inflation can impact retirees and pre-retirees 
  • The sources of income that tend to increase faster than inflation
  • The role of cryptocurrency when it comes to protecting your portfolio from inflation
  • And more!

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The Investments Your Portfolio Might be Missing (Ep. 41)

The Investments Your Portfolio Might be Missing (Ep. 41)

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Alternative investments are becoming increasingly valuable with everything that has been going on over the last 24 months.

In this episode, Kris Dureau explains what an alternative investment is and why you might want to consider incorporating them into your portfolio. He helps you understand the pros and cons to help you find out which type of alternative investment could be best for you.

Kris discusses:

  • Benefits of incorporating alternative investments in your portfolio
  • Types of alternative investments
  • The death of the 60/40 balanced portfolio rule
  • Pros and cons of the different investment classes
  • And more!

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28. 8 Ways You Can Earn Your Financial Self-Defence Black Belt

28. 8 Ways You Can Earn Your Financial Self-Defence Black Belt

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Kris Dureau has practiced martial arts since he was 12 years old.

This hobby taught him that self-defence is all about situational awareness, so that he can identify and avoid bad situations.

In this episode, Kris Dureau highlights how martial arts principles can apply to eight key areas of your financial life. By practicing these principles, you, too, can learn to protect yourself and gain situational awareness around your money.

Kris discusses:

  • Why you should review your insurance policies regularly 
  • How knowing your household cash flow can protect your finances 
  • The idea of paying yourself first
  • Benefits of debt inventory and planning 
  • The importance of portfolio protection for soon-to-be retirees 
  • Reasons to get power of attorney documents ASAP
  • And more

Resources:

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Episode 25 – Your 10-Step Pre-Retirement Checklist

Episode 25 – Your 10-Step Pre-Retirement Checklist

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One of the reasons why retirement is such a major life decision is timing. If you retire too early, you might have financial trouble. If you retire too late, you might not have the energy to enjoy it to the fullest. 

So, when is it the right time to retire? 

To help you decide, Kris Dureau walks you through his 10-step pre-retirement checklist. This list will help shed light on the different financial, health, and planning considerations you need to be aware of as you approach your next stage of life. 

In this episode, you will learn:

  • Why you need to choose the type of retirement you want to live 
  • How a cash flow plan, emergency funds, and health insurance can help you improve your retirement needs 
  • How retirees and pre-retirees can approach debt 
  • Benefits of changing your accumulation portfolio to a retirement income portfolio
  • And more!

Tune in today and discover how you can better navigate the path of retirement planning!

Resources:  Episode 6 – Why Everybody Needs a Will | Episode 15 – How to Retire Well (Part 1) |  Episode 16 – How to Retire Well (Part 2)  | Retirement Shift Worksheet | Cashflow Spreadsheet

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Episode 16 – How to Retire Well — Part 2

Episode 16 – How to Retire Well — Part 2

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It’s no secret that when it comes to preparing for retirement, one major question pre-retirees are asking is, “Will I have enough to retire?”

In part two of his miniseries on retiring well, Kris Dureau reveals how you can find out the answer to this question. He highlights three financial areas to consider when assessing your retirement-related finances, assets, and benefits so that you can achieve the retirement lifestyle you’ve always desired.

In this episode, you will learn:

  • The difference between discretionary and non-discretionary expenses
  • How to plan for your retirement cash flow
  • Why you should create a debt inventory — and how to do it
  • How creating three financial buckets can help your portfolio in retirement 
  • And more!

Tune in now to discover actionable tips for preparing your finances to retire well!

Resources:  How to Retire Well – Part 1 | Cash flow Spreadsheet | Retirement Shift Worksheet

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