MoneySense Magazine – by Preet Banerjee and David Hodges

“Why are the best-tasting foods—cake, pizza, beer—always the worst for your waistline? Meanwhile, dreary stuff like broccoli, wheat germ and anything labelled omega-3 is ridiculously healthy for you. The good news is you can have your cake and eat it too…Finding the right balance is also important in your portfolio. You’ve got to find the appropriate mix of exciting stocks and boring fixed income (bonds and GICs). Equities can grow your portfolio more rapidly, but they also carry the risk of big losses. Bonds are more stable, but don’t have the same potential for a big payoff. ‘Finding the right balance is a somewhat personal decision,’ notes fee-only planner Ian Black of Macdonald, Shymko and Company in Vancouver. Part of it comes down to how well you can handle volatility, but it’s also important to figure out how much money you want in retirement, Black says.” Click here to read the rest of the article

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