Category Archives: Business

Avoiding Regrets: Navigating Your Financial Future Correctly (Ep. 12)

Business, Education, Estate Planning, Finance, Finances, Financial Advisor, Financial Planning, Investing, Retirement, Uncategorized, , , , , ,

Nothing is worse than feeling regret.

And this is even more so when it comes to your investments or plans for your retirement.

In this episode, Wes tackles the topic of regrets and how to avoid them in regard to your investments and retirement plans. He explores common past investment mistakes and the importance of having a plan in place and listening to experts.

Wes discusses:

  • The repeated pattern of economic cycles and the inevitability of recessions
  • Some examples of regrets with people who invested in GICs and lost money due to inflation.
  • Why do people resist change and don’t take advantage of opportunities
  • The importance of taking action and having a plan in place to ensure success and avoid regrets
  • The greatest financial risk during periods of recession or inflation is making misinformed and poor financial decisions
  • The importance of avoiding the tendency to chase investments during market upsides and instead focus on investing in quality companies.
  • Why you should listen to experts who know and understand the market rather than making choices desperately 
  • And more!

Resources:

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How Do Top Portfolio Managers Posture During Economic Turmoil with David Fingold (Ep. 11)

Business, Education, Estate Planning, Finance, Finances, Financial Advisor, Financial Planning, Investing, Retirement, Uncategorized, , , , , , , , ,

Have you ever wondered what a portfolio manager does and how they take advantage of a perceived negative event like a market correction? 

In this episode, Wes speaks with David Fingold, Vice President and Senior Porfolio Manager with Dynamic Funds, about the asset managers’ role. David shares his dedication to the portfolios he manages, how he plans to take advantage of the current situation in the market, why he’s optimistic about the current economic environment, and how optimism leads to investment opportunities.

David discusses:

  • How he’s posturing to take advantage of market corrections and rising interest rates 
  • How optimism feeds a portfolio manager’s ability to see opportunities in good companies who are market leaders
  • Why investors can be optimistic about the future
  • Why he solely invests in the portfolios he manages
  • And more

Resources:

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About Guest:

David Fingold is the Vice President and Senior Portfolio Manager at Dynamic Funds. He joined Dynamic in 2002 and became the Vice President in 2018. Prior to obtaining his current job title, David graduated with distinction from Babson College in Massachusetts in 1988.

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Your Secret Weapon to Planning Retirement (Ep. 10)

Business, Education, Estate Planning, Finance, Finances, Financial Advisor, Financial Planning, Investing, Retirement, Uncategorized, , , , , , ,

The financial consumer is experiencing high levels of uncertainty with inflation, stock market fluctuations and high interest rates.  Learn how to bulletproof your financial plan in times like these.

In this episode, Wes dives into planning for retirement with his secret weapon, the Financial MRI, which works as a “catch-all” to determine what you might be missing, the gaps that can be filled and what your next steps are. 

Wes discusses:

  • How you can take control of your future by sitting down with our financial planners
  • What you should be looking for from a financial planner
  • How a Financial MRI can help you fill those gaps in your financial plan
  • The importance of finding a financial planner that works for you and leaves you feeling confident every step of the way
  • And more!

Resources:

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From Hell to Heaven: How to Improve Your Retirement Picture (Ep. 9)

Business, Education, Estate Planning, Finance, Finances, Financial Advisor, Financial Planning, Investing, Retirement, Uncategorized, , , , , , ,

Retirement can be heaven or it can be hell — and what YOU do to plan makes all the difference. Without the proper planning tools and guidelines, it is easy to feel stuck and uncertain about your future.

In this episode, Senior Financial Strategist Wesley Forster details what you need to know when planning your retirement and what to avoid along the way.

Wes discusses:

  • How to manage undetected planning issues
  • Five mindset shifts that help you find your way to a heaven-like retirement
  • How we use our unique curated checklist to assess our clients’ needs
  • HSI Financial Group’s proven 3-step process for helping clients
  • And more!

Resources:

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Thinking Long Term with Jean-Pierre (JP) Chevalier, CFA (Ep. 8)

Business, Education, Estate Planning, Finance, Finances, Financial Advisor, Financial Planning, Investing, Retirement, Uncategorized, , , , , , , , ,

A market correction is similar to weeding the garden, in order to get the desired results you are looking for, you must first get rid of the weeds or they will choke out the growth you really want. 

In this episode of Your Finances — Know You Can, Wesley Forster, Senior Financial Strategist at HSI Financial Group, is joined by JP Chevalier, Portfolio Manager at iA Financial Group. They discuss the importance of knowing what you are invested in and strategies they employ for you when the markets are in turmoil. 

Wesley and JP discuss:

  • The importance of knowing what is in your portfolio
  • How fees can be misleading
  • HSI Financial Group’s approach to portfolio management when markets are volatile
  • And more!

Resources:

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The Array of Benefits Financial Planners Have to Offer with Andrew Owsiak (Ep. 7)

Business, Education, Estate Planning, Finance, Finances, Financial Advisor, Financial Planning, Investing, Retirement, Uncategorized, , , , , , ,

When looking to invest your money, oftentimes people will go to banks as a safe option. What they don’t realize is that they are short changing themselves when it comes to personalized planning if they don’t work with a financial planner. 

In this episode of Your Finances — Know You Can, Wesley Forster, Sr. Financial Strategist at HSI Financial Group is joined by Andrew Owsiak, Financial Strategist at HSI Financial Group. They discuss the benefits of working alongside a financial planning team and what that looks like.  

Wesley and Andrew discuss:

  • What you might be missing out on if you do not have a financial planner
  • What other institutions miss and what you can do about it
  • HSI’s team approach to the planning process
  • And more!

Resources:

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The Best Insurance is The One That’s There When You Need It with Devon Cheema (Ep. 6)

Business, Education, Estate Planning, Finance, Finances, Financial Advisor, Financial Planning, Investing, Retirement, Uncategorized, , , , , , ,

When you were adding insurance to your financial plan, did you complete a detailed needs analysis to ensure that your family’s needs would be addressed?

Many insurance companies follow a “one size fits all” framework, but no two people have exactly the same needs when it comes to insurance. 

In this episode of Your Finances — Know You Can, Wesley Forster, Sr. Financial Strategist at HSI Financial Group is joined by Devon Cheema, Financial Strategist at HSI Financial Group. They discuss the ins and outs of insurance planning and how it fits in the overall financial plan.  

Wesley and Devon discuss:

  • Why having a detailed needs analysis and financial plan conducted before choosing your insurance plan is absolutely critical to making sound financial decisions
  • The different types of insurance
  • Selecting the right insurance for your family
  • Ensuring the insurance program fits with your family’s estate plan
  • And more!

Resources:

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Connect with Devon Cheema:

 

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Tax Planner vs Tax Preparer: What You Need To Know with Blake Carruthers, CFP (Ep. 5)

Business, Education, Estate Planning, Finance, Finances, Financial Advisor, Financial Planning, Investing, Retirement, , , , , , , ,

Do you have someone just preparing your taxes, or do you have someone that helps you plan for your taxes?

Most clients are unaware of the amount of money they could be saving and potentially getting back from the government through tax planning.

In this episode of Your Finances — Know You Can, Wes Forster, Sr. Financial Strategist at HSI Financial Group is joined by HSI Financial Group Financial Strategist Blake Carruthers, they discuss the in’s and outs of tax planning and preparing and how HSI Financial Group helps their clients optimize and implement tax savings into their financial plan.

Wes and Blake discuss:

  • The difference between a tax preparer and a tax planner
  • How the team at HSI Financial Group can help optimize your financial and tax plans to work together
  • The options you have when it comes to your taxes and how they can work in your favour
  • How HSI Financial Group believes in educating their clients so they can make good financial decisions 
  • The HSI Financial Group checklist we use to help keep our clients constantly benefitting
  • And more!

Resources:

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Connect with Blake Carruthers:

 

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What You Should Know About Estate Planning? (Ep. 4)

Business, Education, Estate Planning, Finance, Finances, Financial Advisor, Financial Planning, Investing, Retirement, Uncategorized, , , , , ,

If you were to die tomorrow, do you have a plan for how your estate would be handled? Who would be your power of attorney? Do you know who gets which assets? What about who pays for any outstanding debts?

Those are the most common questions that are asked to families when a loved one dies.

In this episode of Your Finances — Know You Can, HSI Financial’s president and senior financial strategist, Wes Forster, outlines what an estate plan is, why you should have one, and when is the best time to complete it.

Wes discusses:

  • Why it’s important to be proactive with your estate planning
  • How the team at HSI can assist in the estate planning process
  • Understanding when insurance can and can’t be a viable option
  • The importance of paying attention to the small details of your estate plan
  • And more!

Resources:

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How to Carefully Pick Your Financial Planner (Ep. 3)

Business, Education, Finance, Finances, Financial Advisor, Financial Planning, Investing, Retirement, , , , , , ,

Your investments are the fuel for your trip, but your financial plan is your flight plan. And without that, you don’t know how much fuel or investments you’re going to need.

Say you’ve got the fuel and the plan. But, what about the advisor? Is your financial planner the right person to work with?

When looking for a financial planner, you have to find someone who aligns with your goals and investing expectations. That’s why, this week, HSI Financial’s president and senior financial strategist, Wes Forster, outlines what you should keep in mind when looking for a financial strategist, as well as what to expect from HSI Financial as a client. 

Wes discusses:

  • How to identify if your advisor fits you and your needs
  • Ways the team at HSI interacts with their clients
  • The importance of having a detailed financial plan 
  • The company’s strategy for long-term investing 
  • And more!

Resources:

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