David Garnier of Dartmouth, Nova Scotia – Ground Rules For Estate Planning

Working as an estate planning specialist while living in Halifax, David Garnier of Dartmouth, Nova Scotia, has clear ideas about the subject. When estate planning comes up, the vast majority of people think of this topic as the privilege of the wealthy. In reality, asset management is not only something that can apply to anybody who has something to their name, but it is a process we all should take seriously.

Our time on this earth is limited and making sure that we leave – at the very least – a financially transparent situation behind, should be important to everybody. Every case can be different, but there are guidelines that are pretty much fitting to any situations. A quality estate plan has clear characteristics, allowing the loved ones to not have to worry about that aspect at least.

Regarding the last wishes, it’s good to avoid any misunderstanding. You can achieve that with obvious wording. Another important standpoint is choosing the right legal guardians to deal with the situation and help out your family. An estate plan basically allows the deceased to leave a transparent financial situation behind him or her; making sure that the asset distribution is fair between the family members.

David Garnier Nova Scotia of Dartmouth, Nova Scotia, notes that the importance of leaving a flexible and financially transparent situation behind cannot be overstated. If one dies without a legitimate estate plan and will, the state where they lived will determine who gets their assets. This is an outcome everybody should try to avoid.


David Garnier of Dartmouth, Nova Scotia – Badminton, a Sport of Pure Skill

David Garnier of Dartmouth, Nova Scotia, considers badminton to be one of the most exhilarating and skillful sports around. Considering the fact that it is played by more than 14 million people in 160 nations worldwide, he is not alone with this opinion. Badminton requires the presence of balance, footwork and flexibility while offering one of the best cardio workouts you will ever get.

Those who manage to master this skillful sport at a competitive level, usually stay in love with it for the rest of their lives. At its core, badminton is an easy sport to learn. Until you are paired up with a player who possesses similar abilities and skill level, it can be enjoyed immensely by any age and sex. Once you get to a certain level however, you really only benefit from matches played against better competition.

When you are paired up with a player significantly better than you, it’s like he or she plays a different sport. It takes time to get used to the changed playing field, but if you manage to do it, you’ll open up a level of enjoyment and intensity that was likely not available for you. Only the best players can bring out the best from each other, and this is as true to the amateur level, as it is to the professional scene.

Dartmouth, Nova Scotia’s David Garnier is an avid follower of the sport who participates at local competitions and is a well-known member of the region’s badminton scene.

David Garnier of Dartmouth, Nova Scotia – Things to Avoid with Retirement Planning

David Garnier is the Vice President of CIBC (Canadian Imperial Bank of Commerce) Wood Gundy in Dartmouth, Nova Scotia. He is also a Portfolio Manager. As a Portfolio Manager, David Garnier often helps his Dartmouth, Nova Scotia, clients manage their retirement plans, savings and investments. When managing a retirement plan, professionals like Garnier often help their clients steer clear of common mistakes such as those below:

Not Starting Now – If you assume that you can start planning for retirement “later,” you’re sabotaging your future self. The ideal time to start saving for retirement is in your 20s, but many put it off until they are in their 40s. The sooner you begin, the more time your savings will have to earn compound interest and the more money you’ll have when you’re ready. This is because it isn’t just money that builds your retirement savings, it’s money increased by interest.

Procrastination is the biggest retirement killer and there will never be a “best” time to start. The time to start planning and saving for retirement is now. This is true regardless of when “now” is.

Relying on Social Security or Pension Plans – Many people assume that social security and pension plans will handle retirement savings for them, meaning that they do nothing. Relying on outside sources to handle your retirement is setting yourself up for failure.

Instead, work with a professional to make a retirement plan that takes social security or pension plans into account without relying on them. This will help you benefit from what is provided without damaging your retired life.

If you haven’t enlisted the help of a professional like Dartmouth, Nova Scotia’s David Garnier Nova Scotiato manage your retirement portfolio, there’s no better time to get started than now.

David Garnier of Dartmouth, Nova Scotia – Enhancing Your Retirement Savings

David Garnier works with CIBC (Canadian Imperial Bank of Commerce) Wood Gundy in Dartmouth, Nova Scotia, as Vice President and a Portfolio Manager. Portfolio managers like Dartmouth, Nova Scotia’s David Garnier often aid their clients with retirement planning, giving them advice and assistance in improving their retirement security. It’s never too early to begin working with such a professional. Even if you haven’t begun saving for retirement, they can aid you with advice like that below:

  • Start Now – The sooner you start saving for retirement, the earlier and happier you can retire. Saving money now will increase your compound earnings, even if you can’t invest as much as you would like to. For example, investing just $75 per month from 25 to 65 can add up to more than $250,000 with interest. If, on the other hand, you invest $100 per month from 35 to 65, equivalent savings would be closer to $150,000.
  • Help Your Group RRSP) Grow – If your employer provides traditional Group RRSP) plans, you’re able to place pre-tax money into your retirement savings, which give you a significant advantage. The more you invest in your Group RRSP), the less you take from your monthly budget by investing in comparison to post-tax options such as a taxable account
  • Take Advantage of the Match – Many employers match employee contributions to 401(k) accounts up to a defined amount. If you are lucky enough to have such a plan, aim to contribute the full amount that your employer will match every month. The matched funds can be viewed as free money.

Working with a professional like David Garnier Nova Scotia, can increase your chances of a comfortable and secure retirement – this is particularly true if you start now.

David Garnier of Dartmouth, Nova Scotia – Investment Mistakes to Avoid

David Garnier works in Dartmouth, Nova Scotia, as Vice President and Portfolio Manager for CIBC (Canadian Imperial Bank of Commerce) Wood Gundy. Portfolio managers like Dartmouth, Nova Scotia’s David Garnier often help their clients correct existing mistakes, and avoid future ones, in their investment portfolios. Unfortunately, without professional assistance, mistakes like those below are easy to make:

  • Lack of Indexing – Index funds, though underwhelming in the short-term, typically perform well in long-term, low-cost investing. Though the proof is there to show that indexing works, new investors commonly avoid it in favor of active, more volatile investments. Indexing isn’t exciting, but it belongs in your portfolio diversification strategy.
  • Performance Chasing – Basing your investments on recent high-performance stocks can lead to losing money and unbalancing your portfolio. Make a reliable investment plan, stick to it and rebalance frequently to remove the temptation to performance chase. Performance chasing from investment to investment statistically leads to some of the biggest losses. If you have difficulty turning away from performance chasing, it may be time for a long-term-oriented plan.
  • Too Much Reliance – Though a portfolio manager is capable of handling your investments, you should be involved in your finances, too. Relying on others for all of your investing needs isn’t an ideal strategy and it rarely leads to profits unless you take an active role.

David Garnier Nova Scotia, clients trust him to help them navigate away from investment mistakes to best secure their financial futures. If your investment portfolio lacks professional management, seek a similarly-qualified Portfolio Manager in your area for aid.

David Garnier of Dartmouth, Nova Scotia – Tips to Diversify Your Investment Portfolio

David Garnier of Dartmouth, Nova Scotia, is an experienced financial professional who serves as Vice President within CIBC (Canadian Imperial Bank of Commerce) Wood Gundy. He also holds a role as portfolio manager. Among the many tips that professionals like Dartmouth, Nova Scotia’s David Garnier give clients are portfolio diversification guidelines.

Diversifying your portfolio increases financial security, improves your returns and can help you meet your long-term goals. Common tips you might receive from a portfolio manager include:

  • Understand Your Fees – Whenever you trust your money with a new financial institution, make sure that you understand the fees that you are agreeing to. Some companies charge monthly fees, others charge yearly fees and others charge transactional fees; ask about what you’re paying for and remember that cheap doesn’t always equal good.
  • Know When to Exit – Stay current on what is happening with the companies and organizations that you invest your money in. It’s important to keep track of the forces at work and to know when something is going under so that you can exit in time.
  • Regularly Increase Investments – Lump-sum investing isn’t often the best strategy. Instead, continue to build you investments each year by regularly putting money into a portfolio of stocks or funds of your choice.
  • Consider Bond and Index Funds – Add fixed income investments like index funds or bond funds to your portfolio. These long-term investments diversify your portfolio and help protect against market volatility.

If you’d like assistance managing your financial portfolio, contact someone like Dartmouth, David Garnier Nova Scotia for aid. These professionals can show you what needs to be done with your portfolio and help you do it.