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COLUMN: Ask the Money Lady – Retirement strategies for volatile markets
3 minute read 5:03 PM CSTReaders continually ask me to suggest ways to help them deal with stock market swings. While we have had somewhat of a difficult year, it is believed that the markets will be moving more positively into 2025. When we look at the markets overall, third quarter earnings were up and our economy continues to grow. Large cap stock still trends to be the favourite but with anticipated easing interest rates next year, we will most likely see mid-cap and small-cap stocks outperforming again. So, for now, I thought I would give you five steps that you can keep in mind when your investment portfolio dips in random volatile market conditions.
1. If you are five to 10 years from retirement – you still have time on your side. You can still benefit from future stock market returns, price appreciations and dividends. Continue saving as much as you can to build out your portfolio.
2. Since for most, retirement will be long term – your investment focus should also be long term. Stay invested in a diversified portfolio when you enter retirement. Do not try and time the market or take on risky investments. Staying invested will ensure you avoid the risk of knowing when to get back into the market if you decided to bail out when the markets go down. Ensure your advisor rebalances your portfolio on a continuous basis to maintain a strategic target asset allocation. This will guarantee your portfolio is realigned properly to your risk tolerance, age, and future goals.
3. Most advisors will tell you to keep maximizing your RRSPs until you retire. While this is okay advice, I am not a big believer in having all your investments in registered retirement savings plans. Of course, they do have their place for tax savings, I still believe everyone should also be maxing-up their TFSAs and work on lowering consumer debt. If you can, try to put a lumpsum down on your mortgage or lower your amortization to pay it off sooner.
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Steinbach MB
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WSO brings Holiday Tour to Steinbach
1 minute read Preview 2:02 PM CSTArea students nab MHSAA honours
2 minute read Preview 1:54 PM CSTLETTER TO THE EDITOR: Independent schools should pay the price
2 minute read 11:29 AM CSTIt was with no small amount of consternation and concern that I read Steinbach MLA Kelvin Goertzen’s column (View from the Legislature) entitled, “Education option remains important right,” in the Nov. 28 edition of The Carillon. In his article Mr. Goertzen raises the ongoing topic of “parental rights” in public education. After reading the article, I am perplexed. To which parents and which rights is he referring to? In the column, Mr. Goertzen was most effusive in extolling the Manitoba Federation of Independent Schools which for 50 years have “advocated for parental choice in the Manitoba education system.” In reality, that parental choice of attending an independent faith-based school is not an option for the majority of families.
To make matters even more egregious, some of these independent schools receive 50 percent of their funding (since 1996) from the province, from all tax paying citizens. The majority of Manitoba’s tax paying citizens/parents would not meet the faith-based requirements, political views and financial resources that would allow them to attend an independent school, even if they wanted to. When it comes the education option Mr. Goertzen is extolling, apparently “we are all equal, but some or more equal than others.”
When we speak of parental rights, which parents and which rights are we talking about? Do we mean all parents or just the affluent ones who share our personal religious beliefs to the exclusion of others, less fortunate or of a different political/religious mindset?
In Manitoba the “important education option” of creating an independent faith-based school exists as an alternative to the public education system. Fine, but Mr. Goertzen and others of a similar political view should pay the full price for that “faith-based alternative” and should not be subsidized by public funding. Independent school funding could and should be used to support a financially strapped public education system in Manitoba to begin with. The public education system does not discriminate and exclude the most vulnerable and needy children.
Gardenton man charged with impaired driving causing death
1 minute read 8:06 AM CSTA Gardenton man has been charged with impaired driving causing death after being involved in a head-on collision on Highway 17 near Fisher Branch on Nov. 29.
The collision occurred at 6:45 p.m. when the 60-year-old man piloted his pickup into a collision with a SUV that was driven by a 69-year-old female with a 71-year-old female passenger, both from Peguis.
The female driver was pronounced dead at the scene while the passenger was transported to hospital with non-life threatening injuries.
The driver of the pickup was also treated at hospital for non-life threatening injuries and was later arrested.
Lighting up a bright future in health care
3 minute read Preview Yesterday at 8:07 PM CSTMCC hands out $40,500 to local community groups
3 minute read Preview Yesterday at 5:00 PM CSTCOLUMN: Tales from the Gravel Ridge – Voices remembered
4 minute read Preview Yesterday at 2:57 PM CSTRosenort claim AA boys varsity volleyball banner
2 minute read Preview Yesterday at 1:52 PM CSTHanover School Division lays off 93 EAs due to funding mishap
3 minute read Preview Yesterday at 11:25 AM CSTLETTER TO THE EDITOR: Rethink Winnipeg Metropolitan Region
1 minute read Yesterday at 8:03 AM CSTThe Edmonton and Calgary regional boards have struggled to sustain themselves without provincial assistance. The Alberta government has now ceased their funding and made membership voluntary. The boards have struggled to keep their promises of efficiency and cost savings and rely on government handouts.
The boards were pushing broader global agendas like International Council for Local Environmental Initiatives (ICLEI) and U.N. 2030. Globalist agendas undermine local autonomy and prioritize ideological objectives rather than reflecting the needs and values of the communities. There is nothing stopping RMs from working with their neighbors on a one-to-one basis. There is no need for another layer of costly bureaucracy to dictate what our communities have to do.
EDITORIAL – If not jail, then what?
4 minute read Sunday, Dec. 8, 2024Manitoba premier Wab Kinew ordered an end Monday to using jail to force people to undergo tuberculosis treatment.
The announcement came after public health officials ordered the detention of a 36-year-old God’s Lake First Nation woman to treat the highly contagious illness.
Many people were probably not even aware that arresting those who are not properly accessing treatment was a tool in the public health officials’ toolbox.
But that’s exactly what happened in this case.
NDP government introduces motion to support local journalism
2 minute read Preview Sunday, Dec. 8, 2024SPORTS FLASHBACK 1981: Super League Trophy is back in Steinbach
3 minute read Preview Sunday, Dec. 8, 2024Terrifying DQ robbery with hatchet
4 minute read Sunday, Dec. 8, 2024A man who robbed teenagers at the Steinbach Dairy Queen using a hatchet and knives was sentenced to three years custody.
Judge Michelle Bright described the suppertime robbery in front of customers on Nov. 18, 2023 as “terrifying.”
The crew working that evening just after 6 p.m. was led by an 18-year-old woman and 21-year-old man. Then Terrance Machinskinic, 34, walked in demanding cash with a strong odour of liquor on his breath, a hatchet in his waistband, and a knife in his pocket.
“I have no doubt that this would have been really, really terrifying for them because they don’t know what’s going to happen. They don’t know what you’re going to do,” said Judge Bright before sentencing on Nov. 29 in Steinbach court.
AS I SEE IT COLUMN: ‘But the travel…’ is a lame excuse for poor play
4 minute read Sunday, Dec. 8, 2024Whether it’s the Winnipeg Jets or any other professional sports franchise in any professional league, the idea that poor results are a product of a challenging schedule or lots of travel is pure bunk.
It’s meaningless and simply an attempt to distract from the poor play of whatever team needs an excuse.
Let’s unpack the ridiculous notion of travel hurting a team’s performance.
When you or I fly, we have to wait in long lines at the airport, whether we’re going through security or waiting in the lobby to board our plane.
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