There are moments in time when significant economic shifts occur that alter the future. One such moment occurred in late August 2019 at the close of the Jackson Hole Economic Symposium. This is an annual and exclusive central banking conference to foster open discussion about important and current policy matters.
It seemed there was nothing her father couldn't do when Margaret was growing up. He was the most capable person she knew. Widowed by the time he was 55, he lived an independent and full life, never relying on Margaret for anything other than her company.
The point of the headline is to distinguish what kind of investor you are. Do you follow storylines as described in the media headlines, or do you rely upon numbers and data to build your wealth and achieve financial independence?
“Money makes money. And the money that money makes, makes more money.”1 This quote by Benjamin Franklin is referencing the power of compound interest. Albert Einstein extolled the wealth-building virtues of compound interest as well. He is reputed as saying he considered it to be man's greatest invention and the eighth wonder of the world.2 A much simpler way to describe compound interest is that it is an excellent way to watch your investments grow exponentially over time.
"After 38 years of marriage, I was blindsided when my husband asked me for a divorce," says Patricia, 61. "I didn't see it coming and was shocked at how fast and efficiently he left the life we had built together."
Kelvin took the time to find out about our family, our needs and goals before creating a plan for us that focused on both our personal and business objectives. We now feel more secure about our future. We sincerely appreciate the service that Kelvin and his team has provided for us.
As working parents with two busy kids, one of the best things about dealing with Kelvin is that he keeps us on track with our finances. He took the time to get to know us and asked us the right questions. He is great at explaining financial concepts in a way that anyone can understand. We are very happy with his service and would recommend him to others.
Mutual fund products and services are offered through Manulife Securities Investment Services Inc. Insurance products and services are offered through Krips Consulting Services Inc. Banking products and services are offered by referral.
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