Globe Investor Magazine has tips from advisors to hockey stars
and seasoned condo buyers
TORONTO, Sept. 16 /CNW/ - This issue of Globe Investor Magazine,
available online at globeinvestor.com/magazine on Thursday, September 18, has
investment tips learned from advisors to the hockey stars and from seasoned
Million dollar plays - Hockey lore is full of tales about NHL stars who
are victims of fiscal mismanagement, including flashy-looking but risky
investments. While bravado may work on the ice rink, it's not the best way to
approach investing for the long-term. That's the message that ex-NHLer and
wealth manager Stewart Gavin delivers to his clients. Gavin Management works
with about 30 hockey players doing traditional portfolio and cash-flow
management. Like most pro-athlete wealth managers, the firm upholds a basic
investment philosophy of capital preservation, focused on saving and modest
returns. Investment writer David Parkinson looks at the conservative side of
Pie in the sky? - It seems that condo developments are towering ever
higher in the sky, with infinite line-ups of eager potential condo buyers
ready to buy, either for personal use or as an investment. Condos can be great
investments in a bull market but when conditions cool, it's harder to make a
decent return, especially if relying on renting rather than capital gains.
Writer Fabrice Taylor shares tips from seasoned condo buyers to help potential
buyers from making mistakes.
Also in this edition of Globe Investor:
The second wave of DIY investing - Despite steady growth over the past 25
years, only 13 per cent of Canadian investors are do-it-yourselfers. Discount
brokerages hold roughly $180 million in assets, and account for just over half
of all retail stock trading, but traditional brokerages still have $4 for
every $1 held by discount brokers. Watch out for those baby boomers though.
According to TD Waterhouse, the average size of a new account is $80,000 and
the average client is in his or her mid-to-late 50s. As ROB writer Rob Carrick
points out managing their money is a top priority in the preretirement years
and they don't mind experimenting with their own trades.
Globe Investor is Canada's only magazine dedicated to the educated
investor. Available in The Globe and Mail and online at
globeinvestor.com/magazine, Globe Investor magazine offers insightful content
to help Canadians create, manage, guard and build wealth.
The Globe and Mail is a division of CTVglobemedia, a dynamic multimedia
company that also owns CTV, Canada's leading private broadcaster.
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