If rising interest rates aren’t enough to rekindle your interest in GICs, then how about some new research about the stability they can bring to a portfolio?
Unless you put risk avoidance at the top of your list of attributes when selecting investments, you’ve probably not bothered to take a look at guaranteed investment certificates in recent years.
With interest rates as low as they were, GICs offered returns that were almost laughably low. Today, though, you can get as much as 3.6 per cent for a one-year GIC and 4.45 per cent on a five-year term. Still not interested? Then consider some research that Bank of Montreal commissioned recently.
The study tries to put a mathematical spin on something you already know in your gut – that GICs can add reliability and safety to a portfolio.
A couple of other conclusions are worth looking at, one is that short-term GICs can provide higher returns than other cash-like investments.
Another is that long-term GICs have a low or negative correlation to stocks and bonds, which is a fancy way of saying that GICs are a good diversifier because they offer returns that don’t rise and fall with other asset classes.
Over the last 20 years, returns from five-year GICs had returns were almost completely independent of the S&P/TSX composite index and had only a minimal similarity to the S&P 500 stock index (in Canadian dollars) and the Scotia Capital Universe Bond Index.
Aside from their recent low returns, the main drawback with GICs is that rates vary widely between financial institutions.
You may not be able to get the most competitive rates unless you buy through an adviser or broker with access to the products of various banks, trust companies and credit unions.
Even if you deal with a big bank and get bonus of an extra half a percentage point, you still could be making less than what small trusts and credit unions are offering.
If you deal with an adviser or broker (full-service or discount) and you’re interested in GICs, ask to see the most competitive rates available. Then, use a source like Cannex.com (look under term deposits) to see how competitive those rates are.
Making 3.5 per cent in a one-year GIC doesn’t sound like much in the context of what stocks and bonds have delivered in recent years. But if you’re worried about what rising rates will do to bonds and how the stock market can possibly produce yet another great year of returns, then putting a little money in something guaranteed to make 3.5 per cent might sound good.
This article first appeared on GlobeinvestorGOLD.com. If you'd like to profit from the insight of more than 30 financial experts and columnists, including Rob Carrick — sign up for a free trial to GlobeinvestorGOLD.com.
Friday, December 23, 2005
Wednesday, December 21, 2005
Large-Cap Stocks
While there were many consistencies in investment choices for all Baby Boomer executives, the report found some differences in investment strategies or asset class choices based on age.
The report looked at the executives in three different age categories: those born 1946-1951, those born 1952-1958 and the youngest of the Boomers born between 1959 and 1964.
Large-cap stocks were the most popular of assets measured. According to the report, the number two and three most popular asset classes varied by age group, but fixed income, small caps and money markets were the favorites with Baby Boomers.
According to Ted Disabato, Chief Investment Officer of Clark Consulting's Investment Group, "Baby Boomer executives certainly have more investment choices than their parents did.
They have benefited greatly from the strong US economy over the last 60 years and are very comfortable with equities as a major portion of their retirement account."
Late Boomers (born ’46 – ’51)
Large-cap stocks were the most popular of assets measured, with the oldest group placing nearly 40% of their assets in that class (39.5%).
The second and third most popular asset classes were fixed income (14.1%) and small-caps (10.7%).
For Middle Boomers (1952-1958), small caps were also third most popular, with 12.9% of assets measured. However, second-place money markets barely edged small caps (13.4%) by fewer than 60 basis points.
Middle Boomers (born ‘52 – ’58)
Middle Boomers allocated 35.9% of their assets to large-cap stocks, and the youngest group had 35.0% of their assets allocated to large-caps.
Young Boomers (born ’59 - ’64)
The youngest of the Boomers--those born between 1959 and 1964--differed from their elders; small-caps were not in their top three measured assets. Instead, they selected money markets (17.3%) and fixed income (11.2%).
"Counter intuitively, the youngest group of Boomer executives allocated almost twice as much of their accounts to the 'safer' investment of money market funds than did the eldest group with 17.3% and 9.6% respectively," Wamberg continued, "even though it might be wise for them to take more risk.
While we tend to presume that the closer one is to retirement age, the more conservative their investments will be, our report indicated otherwise."
The report looked at the executives in three different age categories: those born 1946-1951, those born 1952-1958 and the youngest of the Boomers born between 1959 and 1964.
Large-cap stocks were the most popular of assets measured. According to the report, the number two and three most popular asset classes varied by age group, but fixed income, small caps and money markets were the favorites with Baby Boomers.
According to Ted Disabato, Chief Investment Officer of Clark Consulting's Investment Group, "Baby Boomer executives certainly have more investment choices than their parents did.
They have benefited greatly from the strong US economy over the last 60 years and are very comfortable with equities as a major portion of their retirement account."
Late Boomers (born ’46 – ’51)
Large-cap stocks were the most popular of assets measured, with the oldest group placing nearly 40% of their assets in that class (39.5%).
The second and third most popular asset classes were fixed income (14.1%) and small-caps (10.7%).
For Middle Boomers (1952-1958), small caps were also third most popular, with 12.9% of assets measured. However, second-place money markets barely edged small caps (13.4%) by fewer than 60 basis points.
Middle Boomers (born ‘52 – ’58)
Middle Boomers allocated 35.9% of their assets to large-cap stocks, and the youngest group had 35.0% of their assets allocated to large-caps.
Young Boomers (born ’59 - ’64)
The youngest of the Boomers--those born between 1959 and 1964--differed from their elders; small-caps were not in their top three measured assets. Instead, they selected money markets (17.3%) and fixed income (11.2%).
"Counter intuitively, the youngest group of Boomer executives allocated almost twice as much of their accounts to the 'safer' investment of money market funds than did the eldest group with 17.3% and 9.6% respectively," Wamberg continued, "even though it might be wise for them to take more risk.
While we tend to presume that the closer one is to retirement age, the more conservative their investments will be, our report indicated otherwise."
Baby Boomer Investing
The leading edge of the 76 million Baby Boomers, who are about to reach 60 and be eligible for some retirement benefits, have invested their money in large-cap stocks.
They have nearly 40 percent of their assets in these blue chip stocks, which are most often favored by conservative investors.
They are a little more conservative than younger Boomers, according to a survey of how Boomer executives are investing their money.
To get a snapshot of how Baby Boomers who are executives are investing for retirement, Clark Consulting issued its Executive Retirement Report - The Baby Boomer Edition.
According to Clark's Executive Retirement Report, Baby Boomers overwhelmingly favor large-cap stocks, with these funds comprising 36.9% of all assets measured.
Money markets were a distant second at 13.2%, while fixed income was a close third with 12.7% of total assets measured.
As part of the largest demographic group in our country, the investment choices of Boomer executives may be an economic bellwether," said Tom Wamberg, CEO of Clark Consulting, himself a Baby Boomer.
My peers and I comprise nearly 26% of the U.S. population.
We have impacted American society since the 1960's youth culture and spawned the consumer-based yuppie culture of the 1980's that still exists.
Baby Boomers have become accustomed to a high standard of living, and where and how we invest for retirement will definitely have an impact.
They have nearly 40 percent of their assets in these blue chip stocks, which are most often favored by conservative investors.
They are a little more conservative than younger Boomers, according to a survey of how Boomer executives are investing their money.
To get a snapshot of how Baby Boomers who are executives are investing for retirement, Clark Consulting issued its Executive Retirement Report - The Baby Boomer Edition.
According to Clark's Executive Retirement Report, Baby Boomers overwhelmingly favor large-cap stocks, with these funds comprising 36.9% of all assets measured.
Money markets were a distant second at 13.2%, while fixed income was a close third with 12.7% of total assets measured.
As part of the largest demographic group in our country, the investment choices of Boomer executives may be an economic bellwether," said Tom Wamberg, CEO of Clark Consulting, himself a Baby Boomer.
My peers and I comprise nearly 26% of the U.S. population.
We have impacted American society since the 1960's youth culture and spawned the consumer-based yuppie culture of the 1980's that still exists.
Baby Boomers have become accustomed to a high standard of living, and where and how we invest for retirement will definitely have an impact.
Tuesday, December 20, 2005
Mutual Fund
Mutual Funds what are they?
By Canadian Securities Administrators
A mutual fund is a pool of money that is managed on behalf of investors by a professional money manager.
The manager uses the money to buy stocks, bonds or other securities according to specific investment objectives that have been established for the fund.
In return for putting money into the fund, you'll receive either units or shares that represent your proportional share of the pool of fund assets.
In return for administering the fund and managing its investment portfolio, the fund manager charges fees based on the value of the fund's assets.
Mutual funds are 'open-ended' investment funds, meaning that new investors can contribute money to the fund at any time, and existing investors can return their units or shares to the fund for redemption at any time.
When you redeem your units or shares of a mutual fund you will receive a cheque based on the current market value of the fund's portfolio.
Several parties are involved in the organization and operation of a mutual fund, including:
» Mutual Fund Manager:
Establishes one or more mutual funds, markets them and oversees their general administration
» Portfolio Adviser:
The professional money manager appointed by the Mutual Fund Manager to direct the fund's investments. The Mutual Fund Manager also often acts as the Portfolio Adviser
» Principal Distributor:
Coordinates the sale of the fund to investors, either directly or through a network of registered dealers
» Custodian:
The bank or trust company appointed by the Mutual Fund Manager to hold all of the securities owned by the fund
» Transfer Agent and Registrar:
The group responsible for maintaining a list of all investors in the fund
» Auditor:
The independent accountants retained by the Mutual Fund Manager to audit each year, and report on the financial statements of the fund
» Trustee:
The entity that has title to the securities owned by the fund on behalf of the unit holders
By Canadian Securities Administrators
A mutual fund is a pool of money that is managed on behalf of investors by a professional money manager.
The manager uses the money to buy stocks, bonds or other securities according to specific investment objectives that have been established for the fund.
In return for putting money into the fund, you'll receive either units or shares that represent your proportional share of the pool of fund assets.
In return for administering the fund and managing its investment portfolio, the fund manager charges fees based on the value of the fund's assets.
Mutual funds are 'open-ended' investment funds, meaning that new investors can contribute money to the fund at any time, and existing investors can return their units or shares to the fund for redemption at any time.
When you redeem your units or shares of a mutual fund you will receive a cheque based on the current market value of the fund's portfolio.
Several parties are involved in the organization and operation of a mutual fund, including:
» Mutual Fund Manager:
Establishes one or more mutual funds, markets them and oversees their general administration
» Portfolio Adviser:
The professional money manager appointed by the Mutual Fund Manager to direct the fund's investments. The Mutual Fund Manager also often acts as the Portfolio Adviser
» Principal Distributor:
Coordinates the sale of the fund to investors, either directly or through a network of registered dealers
» Custodian:
The bank or trust company appointed by the Mutual Fund Manager to hold all of the securities owned by the fund
» Transfer Agent and Registrar:
The group responsible for maintaining a list of all investors in the fund
» Auditor:
The independent accountants retained by the Mutual Fund Manager to audit each year, and report on the financial statements of the fund
» Trustee:
The entity that has title to the securities owned by the fund on behalf of the unit holders
Sunday, December 18, 2005
How to Invest in Retirement
Spend smart and invest for a long retirement.
Regardless of the market's inevitable misbehaviors, the long-term nature of investing in retirement still means that a healthy investment in stocks is the key to preserving financial security for the rest of your life.
In the past, conventional wisdom suggested that retirees follow two basic precepts:
Switch your investments from stocks to safe, income-producing securities, such as bonds and CDs, and never spend your principal.
Today, for many retirees, especially younger ones, following either dictum could lead to financial calamity.
The new reality is that retirement is getting longer, perhaps 30 or 40 years or more, as more people retire earlier and lifespans steadily increase.
Over such a long period, running from the possibility of stock-market risk by investing in fixed-income securities guarantees that you'll run straight into the risk of inflation.
"Inflation is your enemy, even if it's not hyperinflation," warns financial planner Deena Katz of Coral Gables, Fla. If, for example, prices rose at a rate of 3% a year, the cost of living would double in 24 years; at 5%, it would take only 14 years.
Regardless of the market's inevitable misbehaviors, the long-term nature of investing in retirement still means that a healthy investment in stocks is the key to preserving financial security for the rest of your life.
In the past, conventional wisdom suggested that retirees follow two basic precepts:
Switch your investments from stocks to safe, income-producing securities, such as bonds and CDs, and never spend your principal.
Today, for many retirees, especially younger ones, following either dictum could lead to financial calamity.
The new reality is that retirement is getting longer, perhaps 30 or 40 years or more, as more people retire earlier and lifespans steadily increase.
Over such a long period, running from the possibility of stock-market risk by investing in fixed-income securities guarantees that you'll run straight into the risk of inflation.
"Inflation is your enemy, even if it's not hyperinflation," warns financial planner Deena Katz of Coral Gables, Fla. If, for example, prices rose at a rate of 3% a year, the cost of living would double in 24 years; at 5%, it would take only 14 years.
Saturday, December 10, 2005
Get and stay fit at any age
you can improve your fitness level at any age.
We all know we should exercise. We're reminded every time we turn on the news, pick up a fitness magazine or see our doctor for a physical.
Medical studies are continually telling us the amazing things exercise can do, including reducing risk of heart disease, high blood pressure, obesity, late onset diabetes, osteoporosis, stroke and colon cancer.
If that's not enough to get us on our feet, perhaps the fact that being physically active as we age makes all the difference when it comes to being happy-and-healthy old, or sad-and-sick old.
Robert Goode, professor of exercise physiology at the University of Toronto and the lead researcher on many government handbooks on the importance of exercise, says, "Exercise alone won't provide you with a huge quantity of years (the keys to longevity are avoiding tobacco and alcohol), but it will most definitely provide you with quality years.
Start with the basics
As long as you have your doctor's okay, you can start to reap the rewards of regular exercise at any age. To ensure overall good health and well-rounded fitness, your workout should consist of cardiovascular, strength training, flexibility, and posture and balance exercises.
Nothing will give you a better shot at aging well. Here's a great workout suggested by Susan Lee, program manager of the University of Toronto Athletics Department and executive director of the Canadian Personal Trainers Network.
Cardiovascular
How long: 30 minutes. Try shooting for six minutes to start, working up to 30 minutes. It should take a few months to reach your goal. You can break this up throughout the day, walking for 10 minutes, riding a bike for another 10 minutes.
How often: Health Canada's Physical Activity Guide to Healthy Active Living for Older Adults recommends you do cardio most days of the week, but three days a week is the minimum needed for results.
What to do:
Although it's the most important way to improve your overall health and endurance, cardiovascular exercise sounds so intimidating. Images of sweaty bodies bouncing through 60 minutes of aerobics classes spring to mind. But it doesn't have to be all pain and Lycra. The best ways to get your heart pumping after the age of 50 include walking, riding a bike, using an elliptical trainer, swimming, a aquafit classes, or low-impact aerobics classes.
Don't forget to breathe
According to Goode, you don't need to bother with calculations to figure out whether you're really doing your body any good.
Simply listening to your breathing will tell you if you're getting the full benefit of your workout by working at or near your ventilatory threshold.
Start your workout, whether it's walking or an aerobics class, and listen to your breathing. If you can't hear yourself breathing, increase your speed or effort until you hit your ventilatory threshold. "When you hear it, you're there explains Goode. Continue at this pace. To ensure you aren't pushing yourself too hard, take the talk test. You should be able to talk while you exercise -- if you can't, slow down.
thanks to Jennifer Walker
We all know we should exercise. We're reminded every time we turn on the news, pick up a fitness magazine or see our doctor for a physical.
Medical studies are continually telling us the amazing things exercise can do, including reducing risk of heart disease, high blood pressure, obesity, late onset diabetes, osteoporosis, stroke and colon cancer.
If that's not enough to get us on our feet, perhaps the fact that being physically active as we age makes all the difference when it comes to being happy-and-healthy old, or sad-and-sick old.
Robert Goode, professor of exercise physiology at the University of Toronto and the lead researcher on many government handbooks on the importance of exercise, says, "Exercise alone won't provide you with a huge quantity of years (the keys to longevity are avoiding tobacco and alcohol), but it will most definitely provide you with quality years.
Start with the basics
As long as you have your doctor's okay, you can start to reap the rewards of regular exercise at any age. To ensure overall good health and well-rounded fitness, your workout should consist of cardiovascular, strength training, flexibility, and posture and balance exercises.
Nothing will give you a better shot at aging well. Here's a great workout suggested by Susan Lee, program manager of the University of Toronto Athletics Department and executive director of the Canadian Personal Trainers Network.
Cardiovascular
How long: 30 minutes. Try shooting for six minutes to start, working up to 30 minutes. It should take a few months to reach your goal. You can break this up throughout the day, walking for 10 minutes, riding a bike for another 10 minutes.
How often: Health Canada's Physical Activity Guide to Healthy Active Living for Older Adults recommends you do cardio most days of the week, but three days a week is the minimum needed for results.
What to do:
Although it's the most important way to improve your overall health and endurance, cardiovascular exercise sounds so intimidating. Images of sweaty bodies bouncing through 60 minutes of aerobics classes spring to mind. But it doesn't have to be all pain and Lycra. The best ways to get your heart pumping after the age of 50 include walking, riding a bike, using an elliptical trainer, swimming, a aquafit classes, or low-impact aerobics classes.
Don't forget to breathe
According to Goode, you don't need to bother with calculations to figure out whether you're really doing your body any good.
Simply listening to your breathing will tell you if you're getting the full benefit of your workout by working at or near your ventilatory threshold.
Start your workout, whether it's walking or an aerobics class, and listen to your breathing. If you can't hear yourself breathing, increase your speed or effort until you hit your ventilatory threshold. "When you hear it, you're there explains Goode. Continue at this pace. To ensure you aren't pushing yourself too hard, take the talk test. You should be able to talk while you exercise -- if you can't, slow down.
thanks to Jennifer Walker
Monday, November 21, 2005
Dry Hair from Moistue loss
Hair is much more dense than skin.
The layers of the cuticle are difficult to penetrate. Once you've used a good product that does penetrate and moisturize the hair you want to be sure to lock that moisture in.
If you don't close the cuticle the moisture won't do you much good. A cold or cool rinse helps close the cuticle down and seal in the moisture.
The layers of the cuticle are difficult to penetrate. Once you've used a good product that does penetrate and moisturize the hair you want to be sure to lock that moisture in.
If you don't close the cuticle the moisture won't do you much good. A cold or cool rinse helps close the cuticle down and seal in the moisture.
Try this extra hair cocktail to lock moisture in:
- To make the cuticle lie down and lay flat rinse your hair with apple cider vinegar. It's very acidic and leaves the hair with a fresh clean smell.
- Let it sit on the hair for a few minutes; then rinse with cool or cold water.
- Apple cider vinegar contracts the cuticle and locks not only moisture but color in as well. A vinegar rinse will give you less chance of color fade.
Sunday, November 20, 2005
Osteoporosis prevention
Talk to your doctor
Speaking with your doctor is the best way for you to better understand your own risk for the disease, as well as prevention and treatment options.
Many people find that talking with their doctor about osteoporosis is difficult, sometimes because they aren't sure what they need to discuss.
Here are several questions to get you started; they are common concerns.
If your concern is about preventing osteoporosis:
* How do I prevent osteoporosis?
* How do I know if my bone density is low?
* How much calcium and Vitamin D is right for me? What are the best sources of calcium and Vitamin D?
* Based on my medical history, lifestyle and family history, am I at risk for osteoporosis?
* How do I know if someone in my family suffered from osteoporosis? What are the signs to look for?
* Am I currently taking any medication that puts me at a higher risk for developing osteoporosis?
* Do men get this disease?
* Am I too old/young to get this disease?
* What about exercise?
* Should I have a BMD (bone mineral density) test? What are the risks of a BMD test?
* How do I know if I have fractured a bone?
* I have had fractures in the past; could they have been caused by osteoporosis?
If you have osteoporosis or osteopenia, or are at high risk for the disease:
* What osteoporosis medications are available to help me?
* What are the benefits/side-effects of these medications? Will the medications interact with other medications I am already taking for other conditions?
* Am I too old/young to start medication?
* Should I have a BMD test?
* How can I know if the medications I am taking for other conditions will cause dizziness, light-headedness, disorientation or a loss of balance that could lead to a fall?
* Are osteoporosis medications covered by my provincial drug benefits plan?
* What sort of physical activity is best for me now?
* How much calcium and Vitamin D do I need? What are the best sources?
* How can I protect my bones from getting worse?
© Osteoporosis Canada,
Speaking with your doctor is the best way for you to better understand your own risk for the disease, as well as prevention and treatment options.
Many people find that talking with their doctor about osteoporosis is difficult, sometimes because they aren't sure what they need to discuss.
Here are several questions to get you started; they are common concerns.
If your concern is about preventing osteoporosis:
* How do I prevent osteoporosis?
* How do I know if my bone density is low?
* How much calcium and Vitamin D is right for me? What are the best sources of calcium and Vitamin D?
* Based on my medical history, lifestyle and family history, am I at risk for osteoporosis?
* How do I know if someone in my family suffered from osteoporosis? What are the signs to look for?
* Am I currently taking any medication that puts me at a higher risk for developing osteoporosis?
* Do men get this disease?
* Am I too old/young to get this disease?
* What about exercise?
* Should I have a BMD (bone mineral density) test? What are the risks of a BMD test?
* How do I know if I have fractured a bone?
* I have had fractures in the past; could they have been caused by osteoporosis?
If you have osteoporosis or osteopenia, or are at high risk for the disease:
* What osteoporosis medications are available to help me?
* What are the benefits/side-effects of these medications? Will the medications interact with other medications I am already taking for other conditions?
* Am I too old/young to start medication?
* Should I have a BMD test?
* How can I know if the medications I am taking for other conditions will cause dizziness, light-headedness, disorientation or a loss of balance that could lead to a fall?
* Are osteoporosis medications covered by my provincial drug benefits plan?
* What sort of physical activity is best for me now?
* How much calcium and Vitamin D do I need? What are the best sources?
* How can I protect my bones from getting worse?
© Osteoporosis Canada,
Tuesday, November 15, 2005
Winter Hair fades
People tend to do a lot more color, highlighting and perms in the winter. Winter hair becomes, darker, duller due to less time in the sun. You can combat this with color or highlighting.
I think highlighting looks best. Lots of people already highlight, but those who don't probably should! It's a sure fire way to liven up the hair and make it through the winter doldrums.
Add moisture to your hair.
Especially necessary if you've had any chemical work on your hair. Look for a conditioner with cetyl alcohol.
It's the best moisturizing agent and is derived from coconut. The molecular structure of coconut is too large to penetrate the hair cuticle, but by extracting the molecule and altering its size you end up with cetyl alcohol.
I think highlighting looks best. Lots of people already highlight, but those who don't probably should! It's a sure fire way to liven up the hair and make it through the winter doldrums.
Add moisture to your hair.
Especially necessary if you've had any chemical work on your hair. Look for a conditioner with cetyl alcohol.
It's the best moisturizing agent and is derived from coconut. The molecular structure of coconut is too large to penetrate the hair cuticle, but by extracting the molecule and altering its size you end up with cetyl alcohol.
Another ingredient to look for is cetearyl alcohol.
It's a very good moisturizing agent for conditioner and shampoo.
Most people can get away with a good moisturizing conditioner.
If your hair is very damaged or dry look for a moisturizing shampoo as well.
Thursday, November 10, 2005
Hiar care in Winter
With the onset of cooler temperatures and the diminishing hours of sun comes a new set of hair care demands.
Some suggestions to keep you hair vibrant, well moisturized and looking its best throughout the winter season.
Adding moisture is especially important at this time of year and a major oversight by many people.
As we spend less time in the sun, the natural highlights nature paints into our hair become less noticeable and hair loses its healthy shimmering look.
The cold air of winter is more drying and less humid and therefore more abusive than other times of the year.
Indoor heating devices create a dryer climate as well.
All of this spells out duller looking hair.
Some suggestions to keep you hair vibrant, well moisturized and looking its best throughout the winter season.
Adding moisture is especially important at this time of year and a major oversight by many people.
As we spend less time in the sun, the natural highlights nature paints into our hair become less noticeable and hair loses its healthy shimmering look.
The cold air of winter is more drying and less humid and therefore more abusive than other times of the year.
Indoor heating devices create a dryer climate as well.
All of this spells out duller looking hair.
Saturday, August 27, 2005
SUMMER HAIR CARE
Summer is the perfect time for parties, swimming, vacationing and many of the outdoor activities we enjoy.
It is also the time of year that hair damage is at its worst. Humidity, long hours in the sun, chlorine and saltwater are all major culprits of dry, frizzy, and overall unhealthy hair. But this does not have to be the case…
If we take some simple precautions we can enjoy all that summer has to offer without the frustration of damaged tresses.
Ways to protect your skin while enjoying the warm summer weather such as:" Ways to maintain and protect healthy hair during the summer months.
A hat or head scarf is a great accessory to protect your hair from the sun's affect when going out.
Avoid hair lightening products.
The peroxide or metallic crystals in their ingredients can inflict severe damage on your hair. Also avoid lemon juice for the same reason…
Wash your hair in cool/warm water with a gentle, moisturizing shampoo.
Try cutting back how frequently you wash your hair. Especially during the summer months, over-washing strips hair of its natural oils and moisture.
Avoid hair products that contain formaldehyde or alcohol since those ingredients tend to dry out your hair.
Condition your hair daily if possible. Leave-in conditioners that contain sunscreen are also good investments.
If you don't have conditioners that contain UV protectants, apply regular sunscreen to your hair. It will wash out with a good shampoo when you get home.
Safflower oil replenishes hair with essential fatty acids.
Use a clarifying shampoo once or twice weekly (or if you have just been swimming) to remove toxins from the environment, chlorine, salt, or any residue in your hair.
Wet your hair before going swimming - This lessens the absorption of chlorine/salt in your hair and helps against "green" hair and/or color fading.
If you or your child has a green tint, try soaking your hair in tomato juice.
Place a cap over your head and let the juice sit for about 20 minutes. Then rinse, shampoo and condition well.
Natural is best - avoid heat-styling tools (blow-dryer, curling irons, etc.) as much as possible.
But if you do use them, spray in a leave-in conditioner first to protect your hair from drying out.
Drink lots of water. This is not only important for your health overall, but it is also necessary for healthy, hydrated hair.
This article is from Smart Living News
It is also the time of year that hair damage is at its worst. Humidity, long hours in the sun, chlorine and saltwater are all major culprits of dry, frizzy, and overall unhealthy hair. But this does not have to be the case…
If we take some simple precautions we can enjoy all that summer has to offer without the frustration of damaged tresses.
Ways to protect your skin while enjoying the warm summer weather such as:" Ways to maintain and protect healthy hair during the summer months.
A hat or head scarf is a great accessory to protect your hair from the sun's affect when going out.
Avoid hair lightening products.
The peroxide or metallic crystals in their ingredients can inflict severe damage on your hair. Also avoid lemon juice for the same reason…
Wash your hair in cool/warm water with a gentle, moisturizing shampoo.
Try cutting back how frequently you wash your hair. Especially during the summer months, over-washing strips hair of its natural oils and moisture.
Avoid hair products that contain formaldehyde or alcohol since those ingredients tend to dry out your hair.
Condition your hair daily if possible. Leave-in conditioners that contain sunscreen are also good investments.
If you don't have conditioners that contain UV protectants, apply regular sunscreen to your hair. It will wash out with a good shampoo when you get home.
Safflower oil replenishes hair with essential fatty acids.
Use a clarifying shampoo once or twice weekly (or if you have just been swimming) to remove toxins from the environment, chlorine, salt, or any residue in your hair.
Wet your hair before going swimming - This lessens the absorption of chlorine/salt in your hair and helps against "green" hair and/or color fading.
If you or your child has a green tint, try soaking your hair in tomato juice.
Place a cap over your head and let the juice sit for about 20 minutes. Then rinse, shampoo and condition well.
Natural is best - avoid heat-styling tools (blow-dryer, curling irons, etc.) as much as possible.
But if you do use them, spray in a leave-in conditioner first to protect your hair from drying out.
Drink lots of water. This is not only important for your health overall, but it is also necessary for healthy, hydrated hair.
This article is from Smart Living News
Monday, August 22, 2005
Taking Care of Yourself
Here are some ways to take care of yourself every day:
Get Enough Physical Activity:
Physical activity is an excellent stress-buster and provides other health benefits as well. It also can improve your mood and self image.
Try to accumulate 30 minutes of physical activity a day through walking, yoga, dancing, housework, yard work or recreational sports (tennis, volleyball, squash).
People who regularly engage in physical activity tend to eat more nutritious food which also can help the body better manage stress.
Maintain a Healthy LifestyleTreat yourself properly with adequate sleep and nutritious food.
Do Something You Enjoy:
Pick up an activity you used to do but haven't had time for or take up a new sport or hobby you've always wanted to try - maybe music or horseback riding lessons.
Share Your Feelings:
Talk to someone you trust - a friend, member of the family or clergy, or mental health professional - about what's bothering you.
Focus on the Present:
Don't waste energy worrying about the past. Keep your mind positively set on the present and future.
Laugh:
Try finding humor in a situation.
Humor is a powerful antidote to stress. It can be a great way to relieve tension and could be as easy as renting a funny video and watching it at home.
Here are some ways to take care of yourself every day:
Get Enough Physical Activity:
Physical activity is an excellent stress-buster and provides other health benefits as well. It also can improve your mood and self image.
Try to accumulate 30 minutes of physical activity a day through walking, yoga, dancing, housework, yard work or recreational sports (tennis, volleyball, squash).
People who regularly engage in physical activity tend to eat more nutritious food which also can help the body better manage stress.
Maintain a Healthy LifestyleTreat yourself properly with adequate sleep and nutritious food.
Do Something You Enjoy:
Pick up an activity you used to do but haven't had time for or take up a new sport or hobby you've always wanted to try - maybe music or horseback riding lessons.
Share Your Feelings:
Talk to someone you trust - a friend, member of the family or clergy, or mental health professional - about what's bothering you.
Focus on the Present:
Don't waste energy worrying about the past. Keep your mind positively set on the present and future.
Laugh:
Try finding humor in a situation.
Humor is a powerful antidote to stress. It can be a great way to relieve tension and could be as easy as renting a funny video and watching it at home.
Sunday, August 21, 2005
Benefits of Walking
The benefits of walking in terms of physical well-being have been well documented over the years.
Now research has shown that even a small amount of aerobic exercise can improve the mental function in seniors.
Walking heads the list over stretching and toning exercises, which are usually done inside as opposed to outside. One should do stretching and toning as part of a exercise program.
Walking exercises the mind as well as the body.
Think about what all goes on when you are out walking, for each step we take, there is a verity of mental activity going on, most of it we are not even conscious of.
Like the distance of each step we take, as we walk over rough ground or even stepping over a crack in the side walk. Mental were are calculating every part of our walk, everything we see , smell or hear stimulates our brains.
A treadmill can give you the exercise you need for the body but it does little for the mind.
No wonder the treadmill sit unused in the corner so much of the time.
A group of sedentary seniors aged 60 to 75, were randomly assigned to a walking program or a program that consisted of streching and toning exercises.
At the end of the period (6 months) the walking group showed a considerable improvement in "mental control functions" which included ability to plan, make decisions and concentrate while ignoring distractions.
These improvement were no present in the strecthing and toning group.
IN THE HOLE! Golf
Now research has shown that even a small amount of aerobic exercise can improve the mental function in seniors.
Walking heads the list over stretching and toning exercises, which are usually done inside as opposed to outside. One should do stretching and toning as part of a exercise program.
Walking exercises the mind as well as the body.
Think about what all goes on when you are out walking, for each step we take, there is a verity of mental activity going on, most of it we are not even conscious of.
Like the distance of each step we take, as we walk over rough ground or even stepping over a crack in the side walk. Mental were are calculating every part of our walk, everything we see , smell or hear stimulates our brains.
A treadmill can give you the exercise you need for the body but it does little for the mind.
No wonder the treadmill sit unused in the corner so much of the time.
A group of sedentary seniors aged 60 to 75, were randomly assigned to a walking program or a program that consisted of streching and toning exercises.
At the end of the period (6 months) the walking group showed a considerable improvement in "mental control functions" which included ability to plan, make decisions and concentrate while ignoring distractions.
These improvement were no present in the strecthing and toning group.
IN THE HOLE! Golf
Wednesday, August 10, 2005
Healthy Body
Category: Healthy Body - ArthritisWritten by Patty Avey - Chief Editor - SmartLivingNews.com
ARTHRITIS IS THE LEADING CAUSE OF DISABILITY AFFECTING NEARLY 43 MILLION PEOPLE.
"Being an athlete most of my life along with working some extremely physical jobs during the course of my life, the joints in my body have really taken a beating. I am 48 years old and up until about a month ago because of the constant pain in my left hip, neck, both shoulders and my hands, I thought I would never find relief." - Richard Cunningham
Arthritis is characterized by inflammation of the joints, the place where two bones meet. Inflammation occurs as the tissue around the joint responds to protect itself when injury or disease develops resulting in swelling, redness, heat and pain. The joints become stiff, painful and swollen.
There are two leading types of arthritis: osteoarthritis and rheumatoid arthritis.
The most common type of arthritis in the United States today is osteoarthritis affecting over twenty million people. Osteoarthritis starts with the breakdown, softening and degeneration of the cartilage around the joints. Cartilage is the pliable and tough tissue that covers and cushions the ends of the bones and helps to absorb shock to the bones. As the cartilage breaks down, the joints become stiff and painful. The joints most commonly affected by osteoarthritis are the fingers, knees, hips and spine. Sometimes osteoarthritis will appear in the wrist, elbows, shoulders and ankles.
Rheumatoid arthritis is not as common as osteoarthritis; nevertheless it affects about 2.1 million Americans.
This form of arthritis is characterized by inflammation of the lining of the different joints in the body. The joint lining is called the synovium which is a thin membrane lining the joint releasing fluid that permits the joints to move more easily. As the synovium becomes inflamed, swelling, pain, stiffness, warmth and redness develop. It is believed that rheumatoid arthritis is partially caused from the improper functioning of the body's immune system resulting in the joint tissue coming under attack and becoming inflamed along with joint damage. This form of arthritis is two to three times more prevalent in women than men and normally affects people between the ages of 20 and 50. Rheumatoid arthritis may have a debilitating effect on the joints within one to two years time and leave the person unable to fulfill basic activities. The bones may even erode causing deformity. Rheumatoid arthritis detected in the early stages can prevent permanent joint damage.
What possible factors determine who will get arthritis? Arthritis is the leading cause of disability in the adult population of those 18 years and older.
Women are more prone to arthritis than men. Obesity is a major factor in increasing the risk of osteoarthritis, especially in women. There appears to be a clear connection between obesity in women and osteoarthritis of the knee. Osteoarthritis has also been found to be more prevalent in those who have had repeated injuries or trauma to certain areas of the body.
Regular and persistent pain, stiffness or inflammation in joints
Discomfort in a joint which has had a history of injury
If you suspect that you have arthritis, see your physician. Early intervention is crucial when working with this disease.
Eat a healthy, well balanced diet of food
Moderate the amount of sugar you eat
Drink alcohol in moderation
Use salt moderately
Take the recommended daily requirements of vitamins and minerals along with calcium
Weight loss
Exercise will help to reduce joint pain and stiffness, increase flexibility, improve endurance, develop muscle strength, help decrease bone loss, help keep bone and cartilage healthy and strong
ARTHRITIS IS THE LEADING CAUSE OF DISABILITY AFFECTING NEARLY 43 MILLION PEOPLE.
"Being an athlete most of my life along with working some extremely physical jobs during the course of my life, the joints in my body have really taken a beating. I am 48 years old and up until about a month ago because of the constant pain in my left hip, neck, both shoulders and my hands, I thought I would never find relief." - Richard Cunningham
Arthritis is characterized by inflammation of the joints, the place where two bones meet. Inflammation occurs as the tissue around the joint responds to protect itself when injury or disease develops resulting in swelling, redness, heat and pain. The joints become stiff, painful and swollen.
There are two leading types of arthritis: osteoarthritis and rheumatoid arthritis.
The most common type of arthritis in the United States today is osteoarthritis affecting over twenty million people. Osteoarthritis starts with the breakdown, softening and degeneration of the cartilage around the joints. Cartilage is the pliable and tough tissue that covers and cushions the ends of the bones and helps to absorb shock to the bones. As the cartilage breaks down, the joints become stiff and painful. The joints most commonly affected by osteoarthritis are the fingers, knees, hips and spine. Sometimes osteoarthritis will appear in the wrist, elbows, shoulders and ankles.
Rheumatoid arthritis is not as common as osteoarthritis; nevertheless it affects about 2.1 million Americans.
This form of arthritis is characterized by inflammation of the lining of the different joints in the body. The joint lining is called the synovium which is a thin membrane lining the joint releasing fluid that permits the joints to move more easily. As the synovium becomes inflamed, swelling, pain, stiffness, warmth and redness develop. It is believed that rheumatoid arthritis is partially caused from the improper functioning of the body's immune system resulting in the joint tissue coming under attack and becoming inflamed along with joint damage. This form of arthritis is two to three times more prevalent in women than men and normally affects people between the ages of 20 and 50. Rheumatoid arthritis may have a debilitating effect on the joints within one to two years time and leave the person unable to fulfill basic activities. The bones may even erode causing deformity. Rheumatoid arthritis detected in the early stages can prevent permanent joint damage.
What possible factors determine who will get arthritis? Arthritis is the leading cause of disability in the adult population of those 18 years and older.
Women are more prone to arthritis than men. Obesity is a major factor in increasing the risk of osteoarthritis, especially in women. There appears to be a clear connection between obesity in women and osteoarthritis of the knee. Osteoarthritis has also been found to be more prevalent in those who have had repeated injuries or trauma to certain areas of the body.
Regular and persistent pain, stiffness or inflammation in joints
Discomfort in a joint which has had a history of injury
If you suspect that you have arthritis, see your physician. Early intervention is crucial when working with this disease.
Eat a healthy, well balanced diet of food
Moderate the amount of sugar you eat
Drink alcohol in moderation
Use salt moderately
Take the recommended daily requirements of vitamins and minerals along with calcium
Weight loss
Exercise will help to reduce joint pain and stiffness, increase flexibility, improve endurance, develop muscle strength, help decrease bone loss, help keep bone and cartilage healthy and strong
Friday, July 22, 2005
Sleeping Problems
Problems Sleeping :
Can't get any shut eye?
It's easy to deprive yourself of sleep, especially if stress has you up worrying at night, waking up too early in the morning or waking up feeling tired.
You need sound and adequate rest to handle stress.
Try these tips to overcome sleep problems:
Myth: People need less sleep as they get older.
Fact: As people age, they don't need less sleep, but they often get less sleep. The average person still needs about eight hours per night.
Wake up at the same time every day.
Avoid caffeine four to six hours before bedtime and cut down during the day.
Avoid nicotine, especially near bedtime and if you wake up during the night..
Don't drink alcohol late in the evening.
Don't consume heavy meals close to bedtime. However, a light snack might help you fall asleep.
Exercise in the late afternoon to deepen sleep.
Vigorous exercise within three to four hours of bedtime could inhibit sleep.
Minimize noise, light and excessive temperature at bedtime.
Move the alarm clock away from the bed if it's a source of distraction.
Wake up at the same time every day.(Source: National Heart, Lung, and Blood Institute)If none of these techniques help and you have trouble sleeping for three weeks, see a doctor about possible medical or psychiatric problems.
Used with permission, 2001, AARP website www.aarp.org.
Can't get any shut eye?
It's easy to deprive yourself of sleep, especially if stress has you up worrying at night, waking up too early in the morning or waking up feeling tired.
You need sound and adequate rest to handle stress.
Try these tips to overcome sleep problems:
Myth: People need less sleep as they get older.
Fact: As people age, they don't need less sleep, but they often get less sleep. The average person still needs about eight hours per night.
Wake up at the same time every day.
Avoid caffeine four to six hours before bedtime and cut down during the day.
Avoid nicotine, especially near bedtime and if you wake up during the night..
Don't drink alcohol late in the evening.
Don't consume heavy meals close to bedtime. However, a light snack might help you fall asleep.
Exercise in the late afternoon to deepen sleep.
Vigorous exercise within three to four hours of bedtime could inhibit sleep.
Minimize noise, light and excessive temperature at bedtime.
Move the alarm clock away from the bed if it's a source of distraction.
Wake up at the same time every day.(Source: National Heart, Lung, and Blood Institute)If none of these techniques help and you have trouble sleeping for three weeks, see a doctor about possible medical or psychiatric problems.
Used with permission, 2001, AARP website www.aarp.org.
Friday, July 08, 2005
Time passing
Continued:
The weeks slip by with our blessing, at least the part when we are working. months seem to go the same way.
The seasons pass and we collect photos of christmas, holiday, birthdays, graduations, weddings and other markers in out lives.
When we are young, time is not is not looked at as a non renewable resourse, in fact it is not untill I typed that phrase that I realize that the reference to life is true.
When we look back from our 50s and 60s, we realize that we may not have used the time, (that non renewable resourse) to the fullest.
At retirement we hope to do that, (live life to the fullest) but alas we may not have taken good care of our bodies and stayed in good shape so we could do all the things that our minds want to do.
There is one more reason we want to stay in shape, watch our eating life style, so later on in life we will have a better chance of enjoying our non renewable resourse to the fullest.
The weeks slip by with our blessing, at least the part when we are working. months seem to go the same way.
The seasons pass and we collect photos of christmas, holiday, birthdays, graduations, weddings and other markers in out lives.
When we are young, time is not is not looked at as a non renewable resourse, in fact it is not untill I typed that phrase that I realize that the reference to life is true.
When we look back from our 50s and 60s, we realize that we may not have used the time, (that non renewable resourse) to the fullest.
At retirement we hope to do that, (live life to the fullest) but alas we may not have taken good care of our bodies and stayed in good shape so we could do all the things that our minds want to do.
There is one more reason we want to stay in shape, watch our eating life style, so later on in life we will have a better chance of enjoying our non renewable resourse to the fullest.
Sunday, July 03, 2005
Aging and time
Time slipping, a new term used when you want to record a program on a vcr while watching another show.
We have, as we age, been watching time slippage all of the time. We chose to ignore the passage of time on a day to day basis. Its just a day.
Even a week is let go without much fan fare, when we get home from work at the end of the week, and we are glad that week is over.
It may have been a tough week or one of the non-descript ones that have had no highs or lows, we are just glad to get to the weekend.
We have become a weekend society, most of our plans are for that period when we are off work. So the working period of the week is tolerated to get to the weekend.
The weeks slip by with our blessing, at least the part when we are working. ( our employers do not get our full attention all of the time).
We have, as we age, been watching time slippage all of the time. We chose to ignore the passage of time on a day to day basis. Its just a day.
Even a week is let go without much fan fare, when we get home from work at the end of the week, and we are glad that week is over.
It may have been a tough week or one of the non-descript ones that have had no highs or lows, we are just glad to get to the weekend.
We have become a weekend society, most of our plans are for that period when we are off work. So the working period of the week is tolerated to get to the weekend.
The weeks slip by with our blessing, at least the part when we are working. ( our employers do not get our full attention all of the time).
Monday, June 13, 2005
Iron Deficiency Anemia
If you believe you might have iron deficiency anemia consult your doctor to find the cause of the deficiency.
Iron supplements are usually needed during pregnancy and lactation.
Incorporate the foods rich in iron into your diet.
Children need extra iron during growth spurts for their muscle development. A healthy diet helps to ensure this.
If you are vegetarian you may need additional iron supplements/pills because grains/vegetables are not as readily absorbed into the body as meats are.
Important: iron pills should only be taken under doctor supervision. Too much iron can damage your liver and have other negative side affects.
Take daily multivitamins containing iron.
Vitamin C tablets or in citrus juices helps your body absorb iron from both animals and plants.
Avoid foods that block iron absorption such as coffee, tea, egg yolk, milk, fiber and soy proteins.
Iron supplements are usually needed during pregnancy and lactation.
Incorporate the foods rich in iron into your diet.
Children need extra iron during growth spurts for their muscle development. A healthy diet helps to ensure this.
If you are vegetarian you may need additional iron supplements/pills because grains/vegetables are not as readily absorbed into the body as meats are.
Important: iron pills should only be taken under doctor supervision. Too much iron can damage your liver and have other negative side affects.
Take daily multivitamins containing iron.
Vitamin C tablets or in citrus juices helps your body absorb iron from both animals and plants.
Avoid foods that block iron absorption such as coffee, tea, egg yolk, milk, fiber and soy proteins.
Sunday, June 12, 2005
Iron Rich Foods
Foods Rich in Iron:
Meat (easily absorbed by the body)
Seafood
Dried fruits (prunes, raisins, apricots, etc.)
Nuts and seeds
Beans (especially lima beans)
Dark green leafy vegetables like spinach or broccoli (less easily absorbed by the body)
Whole-grains, Iron-fortified cereals, breads and pastas
Meat (easily absorbed by the body)
Seafood
Dried fruits (prunes, raisins, apricots, etc.)
Nuts and seeds
Beans (especially lima beans)
Dark green leafy vegetables like spinach or broccoli (less easily absorbed by the body)
Whole-grains, Iron-fortified cereals, breads and pastas
Saturday, June 11, 2005
Iron Deficiency
Symptoms:
Pale skin
Drowsiness, fatigue
Soreness/inflammation of the tongue
Headaches, lightheadedness
Brittle nails
Accelerated heartbeat
Cold hands and feet
Poor appetite (especially in children)
Shortness of breath
Restless leg syndrome (an uncomfortable tingly sensation in your legs)
Odd food cravings (pregnentcy has been known to cause this as well)
* note: If iron deficiency anemia is mild you may not notice any symptoms.
Pale skin
Drowsiness, fatigue
Soreness/inflammation of the tongue
Headaches, lightheadedness
Brittle nails
Accelerated heartbeat
Cold hands and feet
Poor appetite (especially in children)
Shortness of breath
Restless leg syndrome (an uncomfortable tingly sensation in your legs)
Odd food cravings (pregnentcy has been known to cause this as well)
* note: If iron deficiency anemia is mild you may not notice any symptoms.
Friday, June 10, 2005
Breastfeeding and Iron
Pregnancy.
Pregnant or breastfeeding women need to eat more iron-rich foods or take iron supplements.
They need more than two times the amount of iron as men do to serve their own increased volume of blood as well as for their growing child.
The good news is that iron deficiency anemia is a very treatable condition!
With changes in your diet and iron supplementation (according to your physicians recommendations), blood counts can return to normal within a couple of months.
The best way to treat this form of anemia is through prevention.
Pregnant or breastfeeding women need to eat more iron-rich foods or take iron supplements.
They need more than two times the amount of iron as men do to serve their own increased volume of blood as well as for their growing child.
The good news is that iron deficiency anemia is a very treatable condition!
With changes in your diet and iron supplementation (according to your physicians recommendations), blood counts can return to normal within a couple of months.
The best way to treat this form of anemia is through prevention.
Thursday, June 09, 2005
Iron in your diet
What causes to little iron in your diet?
Young women and some children are more susceptible to low iron levels because of irregular eating habits, fad diets, and/or lack of iron-rich foods.
Loss of blood.
This may be the most common reason for iron deficiency anemia in adults.
Women with a heavy menstrual flow can cause anemia since they have smaller stores of iron than men do and lose a lot of blood during their period.
Internal bleeding from taking asprin or similar medicines for a long time, ulcers, or even cancers can also account for low iron levels.
Young women and some children are more susceptible to low iron levels because of irregular eating habits, fad diets, and/or lack of iron-rich foods.
Loss of blood.
This may be the most common reason for iron deficiency anemia in adults.
Women with a heavy menstrual flow can cause anemia since they have smaller stores of iron than men do and lose a lot of blood during their period.
Internal bleeding from taking asprin or similar medicines for a long time, ulcers, or even cancers can also account for low iron levels.
Tuesday, June 07, 2005
ANEMIA
IRON-DEFICIENCY ANEMIA
Our bodies need iron to make hemoglobin which works in red blood cells to make oxygen.
Iron deficiency anemia, a condition in which the red blood cells that carry oxygen to tissues are unable to do so effectively, is caused when there is too little iron.
The National Institutes of Health wrote, "Iron deficiency anemia is the most common form of anemia. Approximately 20% of women, 50% of pregnant women, and 3% of men are iron deficient…
Iron is normally obtained through the food in your diet and by recycling iron from old red blood cells. Without it, the blood cannot carry oxygen effectively - and oxygen is needed for the normal functioning of every cell in the body."
So what causes iron deficiency? There are a number of reasons, next I will give the most common ones.
Our bodies need iron to make hemoglobin which works in red blood cells to make oxygen.
Iron deficiency anemia, a condition in which the red blood cells that carry oxygen to tissues are unable to do so effectively, is caused when there is too little iron.
The National Institutes of Health wrote, "Iron deficiency anemia is the most common form of anemia. Approximately 20% of women, 50% of pregnant women, and 3% of men are iron deficient…
Iron is normally obtained through the food in your diet and by recycling iron from old red blood cells. Without it, the blood cannot carry oxygen effectively - and oxygen is needed for the normal functioning of every cell in the body."
So what causes iron deficiency? There are a number of reasons, next I will give the most common ones.
Sunday, June 05, 2005
Senior Volunteers
Gift Ideas @ canadiantire.ca
Get involved in volunteer activities:
Find a place that fits your needs and interests and go for it!
The list is endless: church or synagogue, hospitals, schools, services for shut-ins, tutoring, reading for the blind----and the list goes on and on.
So many deserving places or activities need people with the time and energy to perform useful tasks in the community.
There is a place for all of us. We just need to get out there and makes ourselves useful!
In a book, I read about two ladies in their nineties, who, once a week, drove downtown in their city and fed the homeless in their church's soup kitchen.
They might have been holy terrors driving on the streets; but they felt useful, plus they had a lot of fun!!
The main idea is for all of us to get moving.
The curtain is going up on our Third Act. Let us all embrace and enjoy it!
Saturday, June 04, 2005
Cultural Opportunities
Father's Day gifts for Dad, from MotherNature.com!
Seek out cultural opportunities:
Take advantage of museums, art galleries, symphony concerts, local theater groups, high school and college presentations.
Watch for openings at local art galleries and other exhibition spaces.
Many museums have free admission to their permanent exhibits, or discounted ticket prices for senior citizens on any special exhibitions. And art galleries are free for everyone to inspect the current exhibit.
A couple in their seventies never had two pennies to rub together until they educated three children and paid off the loans for such expensive education.
In their more mature years, they became fascinated with the visual arts, and with the loans paid in full, they are now enthusiastic---and knowledgeable---modest art collectors.
Many symphony orchestras and opera companies have matinee performances where the ticket price is considerably less than the night performances. Go with a friend, or go by yourself. You will have a good time!
Another couple in their sixties decided they needed to be educated in some new subject.
They knew absolutely nothing about opera, in fact had never been to a single performance, but they saw this subject was being offered at their local community college, and they signed up.
Now they are not only opera enthusiasts, they also are significant patrons of the well-known opera company in their city.
These are only a few of the things that are available for seniors to get out and meet different people and try new things that do not cost a lot of money or energy.
Wednesday, June 01, 2005
Retirement Communities
Some of the most popular retirement communities in America are those in towns where colleges and universities are located.
Many of these colleges and universities have a separate division exclusively for seniors.
Community colleges also offer a wealth of courses in many different subjects, including courses on the various crafts.
And many towns and cities have one or more senior centers that should be investigated.
These are not adult day care centers but places offering courses in various subjects on a semester-like basis.
One small city's Department of Recreation and Parks conducts thirty or more classes each fall and spring, ranging from creative writing to sign language to wreath making, all at a modest fee.
Comedian George Carlin writes: "Keep learning. Learn more about the computer, crafts, gardening, whatever. Never let the brain idle, this is : "How To Stay Young".
Many of these colleges and universities have a separate division exclusively for seniors.
Community colleges also offer a wealth of courses in many different subjects, including courses on the various crafts.
And many towns and cities have one or more senior centers that should be investigated.
These are not adult day care centers but places offering courses in various subjects on a semester-like basis.
One small city's Department of Recreation and Parks conducts thirty or more classes each fall and spring, ranging from creative writing to sign language to wreath making, all at a modest fee.
Comedian George Carlin writes: "Keep learning. Learn more about the computer, crafts, gardening, whatever. Never let the brain idle, this is : "How To Stay Young".
Monday, May 30, 2005
Educational Opportunities
Take advantage of educational opportunities:
Go back to college and audit courses---or get a degree for the first time---or a second degree in a subject you really enjoy!
Look at the offerings of community colleges.
If you are in a metropolitan area, check out the education programs offered by museums.
Look at offerings of senior centers (or centers with a comparable name).
Check out the Department of Recreation in your municipality, where, no doubt, classes are offered on a regular basis.
And get yourself knowledgeable on the computer, taking advantage of the wealth of courses offered on the subject.
Go back to college and audit courses---or get a degree for the first time---or a second degree in a subject you really enjoy!
Look at the offerings of community colleges.
If you are in a metropolitan area, check out the education programs offered by museums.
Look at offerings of senior centers (or centers with a comparable name).
Check out the Department of Recreation in your municipality, where, no doubt, classes are offered on a regular basis.
And get yourself knowledgeable on the computer, taking advantage of the wealth of courses offered on the subject.
Sunday, May 29, 2005
seniors clubs
Expand social contacts:
Be open to making new friends and acquaintances.
Make it a point to enlarge your circle to include more than your generation.
Don't be afraid to get to know people with differing views from you; they can be as interested in your views as you can be in theirs.
Experts comment on the benefits of seniors getting out of their rut and making their social contacts more intergenerational.
It enables all of us to have a younger outlook and not be so self-obsessed with aches and pains that members of our generation are prone to talk about, especially if they have nothing else that interests them.
I really like the comment made by the 87-year old college student (imagine her social contacts!):
You have to laugh and find humor every day.
You've got to have a dream.
When you lose your dreams, you die.
We have so many people walking around who are dead and don't even know it.
Be open to making new friends and acquaintances.
Make it a point to enlarge your circle to include more than your generation.
Don't be afraid to get to know people with differing views from you; they can be as interested in your views as you can be in theirs.
Experts comment on the benefits of seniors getting out of their rut and making their social contacts more intergenerational.
It enables all of us to have a younger outlook and not be so self-obsessed with aches and pains that members of our generation are prone to talk about, especially if they have nothing else that interests them.
I really like the comment made by the 87-year old college student (imagine her social contacts!):
You have to laugh and find humor every day.
You've got to have a dream.
When you lose your dreams, you die.
We have so many people walking around who are dead and don't even know it.
Saturday, May 28, 2005
Health care for seniors
Medical experts note that many people in this country, regardless of their economic situation, do not have a primary care physician.
This situation particularly applies to members of the Boom generation who, up to this point, have never experienced health problems.
Lastly, when thinking about health, do an evaluation of yourself on your diet, and how you need to change some of the lifetime habits you have formed up to this point.
Recently a gerontologist remarked to me, "Following a healthy diet may not lengthen your life to any extent, but it can ensure that you will stay healthier much longer!"
This situation particularly applies to members of the Boom generation who, up to this point, have never experienced health problems.
Lastly, when thinking about health, do an evaluation of yourself on your diet, and how you need to change some of the lifetime habits you have formed up to this point.
Recently a gerontologist remarked to me, "Following a healthy diet may not lengthen your life to any extent, but it can ensure that you will stay healthier much longer!"
Friday, May 27, 2005
Look at health and fitness:
Get to a Fitness Center and get fit!
(Perhaps for the first time in many years.) Take up golf.
Or simply just get out and walk the dog two miles every day. And if you don't have a dog, grab a friend and do the walk together.
Go for strength building and/or balance exercises.
Check out places that offer water aerobics (a great exercise!).
If you are a tennis enthusiast, there are many centers that offer a seniors tennis program.
You might not be Wimbledon material, but you can have a great deal of fun and perhaps meet new people.
Find a good primary care physician, one who is familiar with problems you may have as you age.
If you don't have one, get one who is younger than you, attentive to medical breakthroughs, and possesses a warm and caring concern for you.
(Perhaps for the first time in many years.) Take up golf.
Or simply just get out and walk the dog two miles every day. And if you don't have a dog, grab a friend and do the walk together.
Go for strength building and/or balance exercises.
Check out places that offer water aerobics (a great exercise!).
If you are a tennis enthusiast, there are many centers that offer a seniors tennis program.
You might not be Wimbledon material, but you can have a great deal of fun and perhaps meet new people.
Find a good primary care physician, one who is familiar with problems you may have as you age.
If you don't have one, get one who is younger than you, attentive to medical breakthroughs, and possesses a warm and caring concern for you.
Thursday, May 26, 2005
Set general goals and objectives:
Most people reaching retirement are at a crossroads in life, having spent the vast majority of their years first at study, then at work, juggling careers, children, parents, finances, community responsibilities, the high times and the low times.
Now it's time to take charge of where you want to go and what you want to do.
Think outside the box!
Set goals and objectives in living accommodations; your lifestyle; life's enhancements ignored over the years; and your finances.
Most importantly, give plenty of attention--and get help if you need it---to the financial issues.
Wednesday, May 25, 2005
Review life up to this point:
Look at the peaks, the valleys, the joys, the sad times, the changes you wish you had made, the changes you still have the opportunity to make.
Appraise your own personality, your lifestyle.
Consider your likes and dislikes, where you are in the life cycle and how you want to live your life in the coming decades.
Take a new--and possibly different--look at your own spiritual life, relating this to how you want to approach life from here on out.
Most importantly, be comfortable in your thoughts, your decisions, your plans for the future.
This can be a daunting task. It can also be revealing. Not too many of us want to place ourselves figuratively on the analyst's couch and peel away the protective layers built up over the past decades. Many take the attitude of "I don't want to think about that," or "I'll think about that tomorrow." But, hey it can also be a bit of fun.
Appraise your own personality, your lifestyle.
Consider your likes and dislikes, where you are in the life cycle and how you want to live your life in the coming decades.
Take a new--and possibly different--look at your own spiritual life, relating this to how you want to approach life from here on out.
Most importantly, be comfortable in your thoughts, your decisions, your plans for the future.
This can be a daunting task. It can also be revealing. Not too many of us want to place ourselves figuratively on the analyst's couch and peel away the protective layers built up over the past decades. Many take the attitude of "I don't want to think about that," or "I'll think about that tomorrow." But, hey it can also be a bit of fun.
Tuesday, May 24, 2005
Have osteoporosis?
Bones lose minerals and strength as people age. Serious bone loss is a problem for about 25% of older people.
You can prevent some of this bone loss with strength activities.
Your muscles and bones have to be challenged to get stronger or to maintain their strength as you age.
Join a beginner's program to learn some techniques that will help you improve your strength. It will help you maintain your independence and quality of life.
Ask your doctor or health-care provider what would be safe for you.
If you have osteoporosis, being active will still be of great benefit, but activities may need to be adapted to provide that benefit without putting you at risk.
Here are some suggested activities:
Resistance training that challenges your muscles and bones
Aqua fitness programs
Walking
Folk or line dancing
Specialized classes for people with osteoporosis
You can prevent some of this bone loss with strength activities.
Your muscles and bones have to be challenged to get stronger or to maintain their strength as you age.
Join a beginner's program to learn some techniques that will help you improve your strength. It will help you maintain your independence and quality of life.
Ask your doctor or health-care provider what would be safe for you.
If you have osteoporosis, being active will still be of great benefit, but activities may need to be adapted to provide that benefit without putting you at risk.
Here are some suggested activities:
Resistance training that challenges your muscles and bones
Aqua fitness programs
Walking
Folk or line dancing
Specialized classes for people with osteoporosis
Monday, May 23, 2005
Arthritis or stiff joints?
Then it is even more important that you make a commitment to doing gentle movements every day to keep your joints flexible.
Small amounts of daily activity can make a huge difference and keep you mobile.
Flexibility and strength activities are essential to keep your muscles and joints healthy so that you stay mobile.
The more sedentary your lifestyle, the stiffer your joints will become.
Seek professional help if you are unsure about what is safe for you.
Here are some suggested activities:
Home stretching routines
Aqua fitness programs
Specialty classes for people with arthritis
Walking/wheeling
Sunday, May 22, 2005
Ritire from or Retire to
"The idea is not really what you retire from but what you retire to."
Not all of us, however, have achieved this goal yet. For those who are seeking how to live life more fully in the years ahead, I offer the following low-cost prescription:
1. Review life up to this point: Look at the peaks, the valleys, the joys, the sad times, the changes you wish you had made, the changes you still have the opportunity to make. Appraise your own personality, your lifestyle. Consider your likes and dislikes, where you are in the life cycle and how you want to live your life in the coming decades.
Take a new--and possibly different--look at your own spiritual life, relating this to how you want to approach life from here on out. And, most importantly, be comfortable in your thoughts, your decisions, your plans for the future.
This can be a daunting task.
It can also be revealing. Not too many of us want to place ourselves figuratively on the analyst's couch and peel away the protective layers built up over the past decades.
Many take the attitude of "I don't want to think about that," or "I'll think about that tomorrow." But, hey it can also be a bit of fun.
W. Thomas Cunningham
Not all of us, however, have achieved this goal yet. For those who are seeking how to live life more fully in the years ahead, I offer the following low-cost prescription:
1. Review life up to this point: Look at the peaks, the valleys, the joys, the sad times, the changes you wish you had made, the changes you still have the opportunity to make. Appraise your own personality, your lifestyle. Consider your likes and dislikes, where you are in the life cycle and how you want to live your life in the coming decades.
Take a new--and possibly different--look at your own spiritual life, relating this to how you want to approach life from here on out. And, most importantly, be comfortable in your thoughts, your decisions, your plans for the future.
This can be a daunting task.
It can also be revealing. Not too many of us want to place ourselves figuratively on the analyst's couch and peel away the protective layers built up over the past decades.
Many take the attitude of "I don't want to think about that," or "I'll think about that tomorrow." But, hey it can also be a bit of fun.
W. Thomas Cunningham
Saturday, May 21, 2005
Don't want to exercise?
I've worked hard all my life, now it's time to relax.
Being active can help you to relax and prolong your independence.
Build physical activity into your daily routine. Set yourself a small goal.
Staying active is important to your physical and mental health in your retirement years.
You have already taken a first step by reading this post.
Choose things that you like to do. Join in activities with people you like to be with.
Start with small steps.
Find one activity that you could try, or do more of what you are already doing.
Take your grandchild for a walk - grandchildren have so much energy, it might inspire you.
Take a dog for a walk.
Join your neighbour for a walk.
Walk to the grocery store and carry home the groceries.
Do some stretching every day.
Join a class at the community centre.
Join a mall-walking program.
Wash and wax the car.
Use a wheelchair? No problem, "wheeling" can be as beneficial as walking.
Friday, May 20, 2005
To Tired?
Many of us feel that way, but most people who become physically active say that physical activity helps them feel better and gives them more energy.
It's important to choose activities that you enjoy because that will motivate you.
Do you like to dance? Why not turn on some music you like and move to the beat?
Do you like nature? Go for a walk and take in the scenery.
Do you like gardening? No yard? Try a balcony garden.
Do you like meeting new people? Check out the programs for older adults at your community centre, local Y, seniors' centre, or private fitness club.
Talk to your friends and find out what they are doing. Maybe you could try something with one of them.
Even if you have not been very active, once you get started your body will adjust to your energy needs.
Just try something... a little bit every day will make a difference.
It's important to choose activities that you enjoy because that will motivate you.
Do you like to dance? Why not turn on some music you like and move to the beat?
Do you like nature? Go for a walk and take in the scenery.
Do you like gardening? No yard? Try a balcony garden.
Do you like meeting new people? Check out the programs for older adults at your community centre, local Y, seniors' centre, or private fitness club.
Talk to your friends and find out what they are doing. Maybe you could try something with one of them.
Even if you have not been very active, once you get started your body will adjust to your energy needs.
Just try something... a little bit every day will make a difference.
Wednesday, May 18, 2005
Improving your Strength & Balance
By lifting weights and doing resistance activities will improve balance and posture.
Keeps muscles and bones strong and helps to prevent bone loss.
Getting started is easier than you think
Build physical activity into your daily routine.
Do the activities you are doing now, more often.
Walk wherever and whenever you can, starting slowly with easy stretching.
Move around frequently, take the stairs instead of the elevator.
Carry home the groceries but don't overdo it.
Find activities that you enjoy.
Try out a class in your community.
Keeps muscles and bones strong and helps to prevent bone loss.
Getting started is easier than you think
Build physical activity into your daily routine.
Do the activities you are doing now, more often.
Walk wherever and whenever you can, starting slowly with easy stretching.
Move around frequently, take the stairs instead of the elevator.
Carry home the groceries but don't overdo it.
Find activities that you enjoy.
Try out a class in your community.
Tuesday, May 17, 2005
variety of activities
Choose a variety of activities from each of these three groups:
Endurance:
Continuous activities that make you feel warm and breathe deeply.
Increase your energy.
Improve your heart, lungs, and circulatory system.
Flexibility:
Gentle reaching, bending, and stretching.
Keep your muscles relaxed and joints mobile.
Move more easily and be more agile.
Endurance:
Continuous activities that make you feel warm and breathe deeply.
Increase your energy.
Improve your heart, lungs, and circulatory system.
Flexibility:
Gentle reaching, bending, and stretching.
Keep your muscles relaxed and joints mobile.
Move more easily and be more agile.
Monday, May 16, 2005
Being active
Being active is very safe for most people
Start slowly and build up - listen to your body.
Accumulate 30 to 60 minutes of moderate physical activity most days.
Minutes count - add it up 10 minutes at a time.
Not sure? Consult with a health-care professional.
Start slowly and build up - listen to your body.
Accumulate 30 to 60 minutes of moderate physical activity most days.
Minutes count - add it up 10 minutes at a time.
Not sure? Consult with a health-care professional.
Sunday, May 15, 2005
You're never too old
To increase your level of physical activity.
Most people say they gain strength, endurance, and flexibility by becoming more active - including those in their nineties.
Almost immediately, many people notice they feel better and getting around is easier.
Consider this:
The more you move, the better you feel.
More active older adults have the function and fitness of those much younger.
More active people prolong their independence.
Everyone can benefit from increased physical activity
People with physical limitations and chronic conditions can also benefit by becoming more active.
Increasing your level of physical activity as much as you are able can help offset many of the negative effects of certain diseases and disabling conditions.
Just remember if you don't use it you will lose it.
Most people say they gain strength, endurance, and flexibility by becoming more active - including those in their nineties.
Almost immediately, many people notice they feel better and getting around is easier.
Consider this:
The more you move, the better you feel.
More active older adults have the function and fitness of those much younger.
More active people prolong their independence.
Everyone can benefit from increased physical activity
People with physical limitations and chronic conditions can also benefit by becoming more active.
Increasing your level of physical activity as much as you are able can help offset many of the negative effects of certain diseases and disabling conditions.
Just remember if you don't use it you will lose it.
Saturday, May 14, 2005
Physical inactivity
Makes your body age faster.
Independent living depends on being able to do the things you want to do when you want to do them.
To stay independent you need to be able to reach, bend, lift, carry, and move around easily.
Staying physically active will help you to keep moving, and stay strong.
Think about these facts
60% of older adults are inactive.
Sitting or lying for long periods is a serious health risk. (World Health Organization)
Inactivity leads to declines in:
bone strength;
muscle strength;
heart and lung fitness; and flexibility.
Inactivity is as harmful to your health as smoking.
Independent living depends on being able to do the things you want to do when you want to do them.
To stay independent you need to be able to reach, bend, lift, carry, and move around easily.
Staying physically active will help you to keep moving, and stay strong.
Think about these facts
60% of older adults are inactive.
Sitting or lying for long periods is a serious health risk. (World Health Organization)
Inactivity leads to declines in:
bone strength;
muscle strength;
heart and lung fitness; and flexibility.
Inactivity is as harmful to your health as smoking.
Friday, May 13, 2005
Physical inactivity
Independent living depends on being able to do the things you want to do when you want to do them.
To stay independent you need to be able to reach, bend, lift, carry, and move around easily.
Staying physically active will help you to keep moving, and stay strong.
Think about these facts :
60% of older adults are inactive.
Sitting or lying for long periods is a serious health risk. (World Health Organization)
Inactivity leads to declines in: bone strength; muscle strength; heart and lung fitness; and flexibility.
Inactivity is as harmful to your health as smoking.
To stay independent you need to be able to reach, bend, lift, carry, and move around easily.
Staying physically active will help you to keep moving, and stay strong.
Think about these facts :
60% of older adults are inactive.
Sitting or lying for long periods is a serious health risk. (World Health Organization)
Inactivity leads to declines in: bone strength; muscle strength; heart and lung fitness; and flexibility.
Inactivity is as harmful to your health as smoking.
Tuesday, May 10, 2005
Your health and independence
Maintain your health and independence as you age.
Physical activity is one of the most important things you can do, to maintain your physical and mental health and quality of life as you get older.
Walking, stretching, and keeping your muscles in good condition will help you to maintain your independence.
If you want to keep your reflexes sharp and work on your concentration, you should take a lesson from your children or grandchildren and get them to teach you to play games on the computer.
There are many different simple games (and very demanding games) you can play.
Studies have shown that playing those games help with your concentration and reaction times.
Monday, May 09, 2005
tips for th fridge
Up to 66% off home accents!
Separate fruit and vegetables in storage
Separate ethylene producing items from ethylene sensitive items for storage.
In general, fruits give off more ethylene than vegetables, and vegetables are more sensitive to the harmful effects of ethylene.
Two crisper bins is always best and you should use one crisper bin for fruits and the other for vegetables.
You can check which items are ethylene producers and which are ethylene sensitive by visiting our Produce Reference Chart.
One bad apple will spoil the lotDecayed or damaged produce will produce much higher levels of ethylene than normal.
In addition, mould and fungal spores can easily transfer from one piece to another.
You should sort through your produce before storing them in your fridge and discard any items that are decaying or damaged.
Sunday, May 08, 2005
starting gardening at retirement?
How much sun does your garden really need?
Vegetables prefer a full day of sun, but if you live in a shady suburb you don't have to give up the idea of growing vegetables.
Here are some minimum sunlight requirements:
Fruiting Vegetables - eight hours of sun.This includes tomatoes, peppers, eggplants and vine crops such as cucumbers, melons and squash.
Root Vegetables - six hours of sun.This includes carrots, beets, etc.
Leafy Vegetables - four hours of sun.These are your "greens" such as lettuce, spinach and collards.
* Keep in mind that these are minimums. Increasing the amount of sunlight your vegetables receive will increase the yield and quality of your crop.
* Even though your vegetables may get enough light when planted near a tree, they will not get
enough nourishment and water.
Vegetables can't compete with an established tree for essential
nutrients and moisture.
Vegetables prefer a full day of sun, but if you live in a shady suburb you don't have to give up the idea of growing vegetables.
Here are some minimum sunlight requirements:
Fruiting Vegetables - eight hours of sun.This includes tomatoes, peppers, eggplants and vine crops such as cucumbers, melons and squash.
Root Vegetables - six hours of sun.This includes carrots, beets, etc.
Leafy Vegetables - four hours of sun.These are your "greens" such as lettuce, spinach and collards.
* Keep in mind that these are minimums. Increasing the amount of sunlight your vegetables receive will increase the yield and quality of your crop.
* Even though your vegetables may get enough light when planted near a tree, they will not get
enough nourishment and water.
Vegetables can't compete with an established tree for essential
nutrients and moisture.
Saturday, May 07, 2005
getting past tax deadline
Free i205 Phone w/$25 mail-in rebate 5.4.05
The deadline for filing you income tax is past, most have made the deadline, but there are those who have not.
If they owe money and cannot afford to lay out cash to pay the tax. they will have to pay a penalty of 5% plus more each month they do not pay it.
Many Seniors fall into this catagory, it is hard to come up with some cash at tax time, if you are on a fixed income.
There are ways to make the filing and paying of tax a little more bearable.
By putting money aside each week into a R.S.P, or by using one of the other tax deferal methods,
when tax time presents itself again, you will be ready.
Another method used, is having your employer deduct extra $ each pay period. ( if you have a job that pays)
Some prefer this method to make sure they do not have to pay more at the end of the year.
This method is not reccomended, as you do not make any money in interest.
The deadline for filing you income tax is past, most have made the deadline, but there are those who have not.
If they owe money and cannot afford to lay out cash to pay the tax. they will have to pay a penalty of 5% plus more each month they do not pay it.
Many Seniors fall into this catagory, it is hard to come up with some cash at tax time, if you are on a fixed income.
There are ways to make the filing and paying of tax a little more bearable.
By putting money aside each week into a R.S.P, or by using one of the other tax deferal methods,
when tax time presents itself again, you will be ready.
Another method used, is having your employer deduct extra $ each pay period. ( if you have a job that pays)
Some prefer this method to make sure they do not have to pay more at the end of the year.
This method is not reccomended, as you do not make any money in interest.
Sunday, April 24, 2005
The Merritt B.C. area
Retirement area worth concideration.
Merritt B.C. is nestled in the heart of The Nicola Valley and sports a wide veriety of shopping, a 18 hole golf course with access to excelent fishing and hunting.
It is also home to one of the largest music concerts in the county, (if not the largest) with some of the top western stars showcasing thier talents.
Housing prices fall into just about anyones budget, depends on your needs.
The climate is hot and dry in the long summer and has winters which are not cold.
Gardens grow great with a little care. In all of our travels we have found weeds, there is no place to go to escape them.
The town is growing with new shopping added in the last few years and more comming.
Kamloops is only 50 minutes to the north and Kelona about 90 minutes to the east.
Vancouver is about two and a half hours away,
Ailments & Remedies from MotherNature.com!
Saturday, April 23, 2005
one more look
Before we leave the coast we stopped in Vancouver to visit some friends who have retired there.
They have a very affordable condo with a view of the Fraser river. They got a steal of a deal, (the right place at the right time).
They get a ton of rain there, so if you don't like the sun, this is a great place to go.
Cost of living is high compared to some of the other places we have looked at as we traveled to the west.
In Langley it was the same, just to wet for my liking and to much moss in the lawn.
Other than the rain, the temps are good.
Supplements from MotherNature.com
Friday, April 22, 2005
looking for retirement places
We have been doing a lot of waking for the last month , searching for the ideal place to retire.
As we are getting older we find it harder to control our wieght and this leads to a whole bunch of health problems.
We need a little boost, on our way to attaining our wieght goals so we have started a natural path to wieght control.
Appetite Control Naturally from MotherNature.com
Thursday, April 21, 2005
more on Victoria
We have run out of time for looking around Victoria, as a retirement destination.
It is, at this point, our first choice for retirement.
Since this is a big change to ourselves and our family, there is a lot more questions to be answered.
We will be leaving part of our family behind and far away.
Many people who move to another part of the country to retire, take a long time to get used to thier new home.
There is still much to do before we make our final choice of where and when.
As we tour the rest of western Canada we will be looking for other places that offer the kind of life style we want to continue to pursue.
It is, at this point, our first choice for retirement.
Since this is a big change to ourselves and our family, there is a lot more questions to be answered.
We will be leaving part of our family behind and far away.
Many people who move to another part of the country to retire, take a long time to get used to thier new home.
There is still much to do before we make our final choice of where and when.
As we tour the rest of western Canada we will be looking for other places that offer the kind of life style we want to continue to pursue.
Victoria
Public transportation is very good around the city, there are also plenty of taxi cabs around.
Trafic volume is very reasonable, with courtious drivers.
There are taxies of the four legged veriety, make the touring of some parts of the city very pleasent.
Walkers abound throughout the many parks and walking pathes in the city, ( if you walked every trail and path it would be a retirement project which would keep you in great shape).
We did look at the food prices and they were not that bad, compared to the rest of the west.
Gasoline was another story, it was the highest price we paid throughout all our travels in western Canada.
Trafic volume is very reasonable, with courtious drivers.
There are taxies of the four legged veriety, make the touring of some parts of the city very pleasent.
Walkers abound throughout the many parks and walking pathes in the city, ( if you walked every trail and path it would be a retirement project which would keep you in great shape).
We did look at the food prices and they were not that bad, compared to the rest of the west.
Gasoline was another story, it was the highest price we paid throughout all our travels in western Canada.
Wednesday, April 20, 2005
walking and looking for houses
Day 3 and another 10k walk looking for real estate, this has been a great way to see a lot of houses without driving all over the city.
Legs are getting a good work out and sore, we will drive for the next day or two.
next is the cost of living to look at and the price of food and transportation
Legs are getting a good work out and sore, we will drive for the next day or two.
next is the cost of living to look at and the price of food and transportation
Monday, April 18, 2005
looking for houses on day 2 ,10k walk
Today we walked another 10 k around a dfferent area of the city.
We started at the Archie Browning Sports Centre and went north to kinsmen Gorge Park then east to the Trestle Bridge.
This area has a lot of older homes and a bunch of newer ones as well, with great gardens.
From the bridge we went south past Esquimalt to Kimta, then west back to the Centre.
Along the way, more nice homes and gardens.
Looks more and more like a great place to retire. The real estate prices are high, if compared to most other places in Canada. The climate is the big plus.
We have not looked at the condos yet, but they will likely carry the same pricing.
We started at the Archie Browning Sports Centre and went north to kinsmen Gorge Park then east to the Trestle Bridge.
This area has a lot of older homes and a bunch of newer ones as well, with great gardens.
From the bridge we went south past Esquimalt to Kimta, then west back to the Centre.
Along the way, more nice homes and gardens.
Looks more and more like a great place to retire. The real estate prices are high, if compared to most other places in Canada. The climate is the big plus.
We have not looked at the condos yet, but they will likely carry the same pricing.
Saturday, April 16, 2005
walking in Victoria
Still looking at affordable houses in and around Victoria B.C.,
This time we have been doing the Victoria International walking festival, which has been held for the last eight years. This is our second time at this walk.
This gives us a excelent look at varios parts of the city, the first day we walked ten km, through lots of the residential areas and along part of the ocean front.
Give us a good idea of the types of homes that are available for purchace along the route we took on Friday.
We will be out there again Saterday a:m, doing the same thing.
This time we have been doing the Victoria International walking festival, which has been held for the last eight years. This is our second time at this walk.
This gives us a excelent look at varios parts of the city, the first day we walked ten km, through lots of the residential areas and along part of the ocean front.
Give us a good idea of the types of homes that are available for purchace along the route we took on Friday.
We will be out there again Saterday a:m, doing the same thing.
Wednesday, April 13, 2005
Retire in Victoria
We have spent a lot of time looking at a lot of diferent areas in the city and some west of the city.
We found many sites , most of them were outside our budget and also would be outside the budget of those who would like to retire to the area for the climate.
One thing to include in the mix, is the cost of travel to and from the mainland, a midsize car with two in it is $100 return .
Most of the things you need are available.
We still have a lot of research to do.
We found many sites , most of them were outside our budget and also would be outside the budget of those who would like to retire to the area for the climate.
One thing to include in the mix, is the cost of travel to and from the mainland, a midsize car with two in it is $100 return .
Most of the things you need are available.
We still have a lot of research to do.
Monday, April 11, 2005
world curling
The curling is all over for another year and we sure did enjoy it.
The last game was not as tense as some of the other games leading up to the title game.
Canada had two big ends and that was all they needed to dispatch the young Scotish team.
Randy Frebee did not give the scots an easy shot all game, and in the end it paid off with some key misses by Scotland.
The last game was not as tense as some of the other games leading up to the title game.
Canada had two big ends and that was all they needed to dispatch the young Scotish team.
Randy Frebee did not give the scots an easy shot all game, and in the end it paid off with some key misses by Scotland.
Saturday, April 09, 2005
retirement places
Over the last few weeks we have been looking at various places across the western part of Canada, looking for the Ideal place to retire.
We looked at the places with two diferent budgets in mind, those under 30 k, and those over 30 k.
We are now in Victoria B.C, found a few places that are suited to a small budget, but thay are in the minority.
Depending on your budget it is a nice place to retire, if you don't mind some rain.
While here, we are taking in the world curling championships, there have been some nail biting games over the last few days since we have been here.
Scotland and Canada are playing for the title tomorrow, we will put off our hunt for a retirement place for a few more days as we visit around the Island.
We looked at the places with two diferent budgets in mind, those under 30 k, and those over 30 k.
We are now in Victoria B.C, found a few places that are suited to a small budget, but thay are in the minority.
Depending on your budget it is a nice place to retire, if you don't mind some rain.
While here, we are taking in the world curling championships, there have been some nail biting games over the last few days since we have been here.
Scotland and Canada are playing for the title tomorrow, we will put off our hunt for a retirement place for a few more days as we visit around the Island.
Saturday, March 26, 2005
lower fees? not likley
Will investment patterns change. Would lower fees attract more investors to the major companies? Frankly, I doubt it.
Although high fund fees have been a favourite target of the media in recent years, I have not sensed a rebellion against them on the part of ordinary investors.
After all, there are plenty of low-fee house they could turn to (e.g. Saxon, Chou, PH&N), yet they all remain relatively minor players.
Moreover, the big fund companies can’t make deep enough cuts in their equity fund costs to make a major difference.
That’s because a large percentage of the expenses goes towards paying commissions and trailer fees to the financial advisors on whom they rely to sell their products.
So the companies are trapped in a vicious circle of their own making.
David Denison’s legacy is to have made the first big move towards forcing the industry to take a fresh look at itself and the way it does business.
Now that he is leaving, it remains to be seen if anyone else will pick up his standard.
Thanks to:
Gordon Pape, Contributing Editor of 50Plus.com, is one of Canada's best known and most respected financial authors and commentators. He is Publisher and Editor of the popular Mutual Funds Update and Internet Wealth Builder newsletters.
© January 2005 Gordon Pape Enterprises Ltd.
Although high fund fees have been a favourite target of the media in recent years, I have not sensed a rebellion against them on the part of ordinary investors.
After all, there are plenty of low-fee house they could turn to (e.g. Saxon, Chou, PH&N), yet they all remain relatively minor players.
Moreover, the big fund companies can’t make deep enough cuts in their equity fund costs to make a major difference.
That’s because a large percentage of the expenses goes towards paying commissions and trailer fees to the financial advisors on whom they rely to sell their products.
So the companies are trapped in a vicious circle of their own making.
David Denison’s legacy is to have made the first big move towards forcing the industry to take a fresh look at itself and the way it does business.
Now that he is leaving, it remains to be seen if anyone else will pick up his standard.
Thanks to:
Gordon Pape, Contributing Editor of 50Plus.com, is one of Canada's best known and most respected financial authors and commentators. He is Publisher and Editor of the popular Mutual Funds Update and Internet Wealth Builder newsletters.
© January 2005 Gordon Pape Enterprises Ltd.
Friday, March 25, 2005
Denison's legacy: fee changes
Denison's legacy: (con't)
Since the news was released, the other major fund companies have been trying to assess whether they should respond and, if so, how.
No one wants to reduce fees if they can possibly avoid it since those dollars will come right off their bottom line and flow to their investors instead.
Of course, investors would welcome such a gift. But unless the result is to attract more money to the industry, the shareholders of the fund companies would lose out – and could become rather testy as a result.
Thanks to:
Gordon Pape, Contributing Editor of 50Plus.com, is one of Canada's best known and most respected financial authors and commentators.
He is Publisher and Editor of the popular Mutual Funds Update and Internet Wealth Builder newsletters.
© January 2005 Gordon Pape Enterprises Ltd.
Since the news was released, the other major fund companies have been trying to assess whether they should respond and, if so, how.
No one wants to reduce fees if they can possibly avoid it since those dollars will come right off their bottom line and flow to their investors instead.
Of course, investors would welcome such a gift. But unless the result is to attract more money to the industry, the shareholders of the fund companies would lose out – and could become rather testy as a result.
Thanks to:
Gordon Pape, Contributing Editor of 50Plus.com, is one of Canada's best known and most respected financial authors and commentators.
He is Publisher and Editor of the popular Mutual Funds Update and Internet Wealth Builder newsletters.
© January 2005 Gordon Pape Enterprises Ltd.
Thursday, March 24, 2005
Denison's legacy: fee changes
your portfolio
Denison's legacy: fee changes
December was not a good month for Canada’s mutual fund industry.
The market timing scandal that had been simmering all through the summer and fall finally exploded with huge fines being levied against four fund companies, three big bank brokerages, and Investors Group Financial Services.
And there may be more to come as the Ontario Securities Commission continues to investigate a handful of other firms, including giant Franklin Templeton Investments.
It's a wake-up call for an industry that has experienced large-scale redemptions in the past year in a belated response to the bear market of 2000-2002 and low interest rates, which have prompted investors to dump money market funds.
One company that has not been touched by the scandal, at least so far, is Fidelity Investments Canada.
That made it possible for the Canada Pension Plan Investment Board to appoint Fidelity's president, David Denison, as its new CEO. He'll take over from the retiring John MacNaughton in mid-January.
Clearly, such a move would have been impossible if Fidelity Canada had been tainted by the scandal (although it should be noted that the company's Boston-based parent has come under scrutiny in the U.S.).
The CPP Investment Board is a Crown corporation and the Liberal government, still reeling from the sponsorship scandal, must exercise the utmost discretion in selecting its boss.
What Ottawa may not realize, however, that while Denison’s reputation is untarnished, he has a tendency to stir the pot. In fact, he leaves a growing controversy behind in the fund industry as he departs.
It's all about the fees
In late November, Fidelity Canada announced across-the-board cuts on the management fees it charges on all its funds.
The decision was Denison’s brainchild and he aggressively moved it to the top of his agenda. It may be no coincidence that the announcement was made just three weeks before his departure was revealed.
The result of Fidelity’s unilateral action is to reduce the management expense ratio (MER) on its equity funds by about 0.2 per cent and on fixed-income and money market funds by about 0.3 per cent.
That may not appear impressive at first glance, and on the equity funds it isn’t. But with interest rates looking like they will remain low for several months, a reduction of 30 basis points on a bond fund is significant.
On a money fund, it is huge.
Next:
Will investors move to major companies?
Gordon Pape
Denison's legacy: fee changes
December was not a good month for Canada’s mutual fund industry.
The market timing scandal that had been simmering all through the summer and fall finally exploded with huge fines being levied against four fund companies, three big bank brokerages, and Investors Group Financial Services.
And there may be more to come as the Ontario Securities Commission continues to investigate a handful of other firms, including giant Franklin Templeton Investments.
It's a wake-up call for an industry that has experienced large-scale redemptions in the past year in a belated response to the bear market of 2000-2002 and low interest rates, which have prompted investors to dump money market funds.
One company that has not been touched by the scandal, at least so far, is Fidelity Investments Canada.
That made it possible for the Canada Pension Plan Investment Board to appoint Fidelity's president, David Denison, as its new CEO. He'll take over from the retiring John MacNaughton in mid-January.
Clearly, such a move would have been impossible if Fidelity Canada had been tainted by the scandal (although it should be noted that the company's Boston-based parent has come under scrutiny in the U.S.).
The CPP Investment Board is a Crown corporation and the Liberal government, still reeling from the sponsorship scandal, must exercise the utmost discretion in selecting its boss.
What Ottawa may not realize, however, that while Denison’s reputation is untarnished, he has a tendency to stir the pot. In fact, he leaves a growing controversy behind in the fund industry as he departs.
It's all about the fees
In late November, Fidelity Canada announced across-the-board cuts on the management fees it charges on all its funds.
The decision was Denison’s brainchild and he aggressively moved it to the top of his agenda. It may be no coincidence that the announcement was made just three weeks before his departure was revealed.
The result of Fidelity’s unilateral action is to reduce the management expense ratio (MER) on its equity funds by about 0.2 per cent and on fixed-income and money market funds by about 0.3 per cent.
That may not appear impressive at first glance, and on the equity funds it isn’t. But with interest rates looking like they will remain low for several months, a reduction of 30 basis points on a bond fund is significant.
On a money fund, it is huge.
Next:
Will investors move to major companies?
Gordon Pape
Wednesday, March 23, 2005
investments in your senior years
Here is some information worth looking at.
Before you leap out of mutual funds by Gordon Pape
A few months ago, I wrote about how many investors have grown disenchanted with mutual funds.
Before I tell you about some other fund options worth considering, let's review why mutual funds became the darlings of investors in the 1990s as we poured hundreds of billions of dollars into them.
• Diversification. You need tens of thousands of dollars to be able to create a properly diversified investment portfolio. Mutual funds provide the solution in one neat package.
• Diversity. It's very difficult for an ordinary Canadian to invest in overseas securities. With mutual funds, it's a snap.
• Cost. Many of these funds are offered on a no-load basis, notably those from the banks and companies such as Altamira, which pioneered telephone sales.
With discount brokers still minor players, it beats paying hefty commissions incurred by buying stocks.
• Accessibility. You can buy into most mutual funds for an initial investment of $1,000 or less. For RRSPs, the entry price is even lower.
All these advantages remain. However, the bad taste left by the bear market of 2000-2002 has prompted many people to move on. Here are some options.
Exchange-traded funds (ETFs)This term is generally applied to index-linked securities that trade on stock exchanges.
Their performance tracks an underlying index. Some are tied to major indexes, such as the S&P 500, but most are more specialized, tracking sub-indexes such as energy, gold and income trusts. Some U.S.-traded ETFs track specific country indexes, including small nations such as Austria.
Pros: Low management expense ratios (MERs); variety of choices; returns closely track target index.
Cons: Brokerage commission charged; specialized ETFs can be highly volatile, vulnerable in falling markets.
Closed-end fundsUnlike ETFs, these portfolios are actively managed in the same way as most mutual funds. In Canada, most closed-end funds invest in common stocks or income trusts; however, a few are more specialized. For example, Northwater Market-Neutral Trust (TSX:NMN.UN) holds a portfolio of hedge funds. Some closed-end funds in the U.S. specialize in countries that are otherwise hard to invest in, such as Korea, India, and China.
Pros: Active management provides more flexibility; MERs usually below those of comparable mutual funds; broad diversity of choices.Cons: Brokerage commissions payable; higher MERs than ETFs; volatility in specialized funds.
Index-linked GICsPopular among investors who want some stock market exposure but worry about a repeat of the bear market, these are issued by banks, which guarantee the principal at maturity. However, unlike ordinary GICs, interest is not guaranteed but is based on the performance of the underlying index over the term of the GIC. That means you could tie up your money for three or five years and get nothing back but your original investment at the end of the day.
Pros: Protection of capital; no commissions payable.Cons: Possibility of zero return; some have a cap on the maximum payout.
Bond ladders: As an alternative to bond mutual funds, some people have set up bond ladders through their brokers. This is simply a bond portfolio with staggered maturity dates, often one or two years. In this way, some of the bonds mature periodically, allowing for reinvestment, and the investor benefits by averaging up the interest rates (longer-term bonds usually pay a higher rate than those that mature in a year or two).
Pros: No ongoing MERs; easy to understand; relatively low risk, especially if government bonds are used.Cons: Commission payable on bond purchases (usually hidden); lacks diversification of bond fund portfolio; no active management
.
So if you've soured on mutual funds, there are other choices. But remember there is no such thing as a perfect investment.
Gordon Pape, Contributing Editor of 50Plus.com, is one of Canada's best known and most respected financial authors and commentators. He is Publisher and Editor of the popular Mutual Funds Update and Internet Wealth Builder newsletters.
© February 2005 50Plus Magazine
Before you leap out of mutual funds by Gordon Pape
A few months ago, I wrote about how many investors have grown disenchanted with mutual funds.
Before I tell you about some other fund options worth considering, let's review why mutual funds became the darlings of investors in the 1990s as we poured hundreds of billions of dollars into them.
• Diversification. You need tens of thousands of dollars to be able to create a properly diversified investment portfolio. Mutual funds provide the solution in one neat package.
• Diversity. It's very difficult for an ordinary Canadian to invest in overseas securities. With mutual funds, it's a snap.
• Cost. Many of these funds are offered on a no-load basis, notably those from the banks and companies such as Altamira, which pioneered telephone sales.
With discount brokers still minor players, it beats paying hefty commissions incurred by buying stocks.
• Accessibility. You can buy into most mutual funds for an initial investment of $1,000 or less. For RRSPs, the entry price is even lower.
All these advantages remain. However, the bad taste left by the bear market of 2000-2002 has prompted many people to move on. Here are some options.
Exchange-traded funds (ETFs)This term is generally applied to index-linked securities that trade on stock exchanges.
Their performance tracks an underlying index. Some are tied to major indexes, such as the S&P 500, but most are more specialized, tracking sub-indexes such as energy, gold and income trusts. Some U.S.-traded ETFs track specific country indexes, including small nations such as Austria.
Pros: Low management expense ratios (MERs); variety of choices; returns closely track target index.
Cons: Brokerage commission charged; specialized ETFs can be highly volatile, vulnerable in falling markets.
Closed-end fundsUnlike ETFs, these portfolios are actively managed in the same way as most mutual funds. In Canada, most closed-end funds invest in common stocks or income trusts; however, a few are more specialized. For example, Northwater Market-Neutral Trust (TSX:NMN.UN) holds a portfolio of hedge funds. Some closed-end funds in the U.S. specialize in countries that are otherwise hard to invest in, such as Korea, India, and China.
Pros: Active management provides more flexibility; MERs usually below those of comparable mutual funds; broad diversity of choices.Cons: Brokerage commissions payable; higher MERs than ETFs; volatility in specialized funds.
Index-linked GICsPopular among investors who want some stock market exposure but worry about a repeat of the bear market, these are issued by banks, which guarantee the principal at maturity. However, unlike ordinary GICs, interest is not guaranteed but is based on the performance of the underlying index over the term of the GIC. That means you could tie up your money for three or five years and get nothing back but your original investment at the end of the day.
Pros: Protection of capital; no commissions payable.Cons: Possibility of zero return; some have a cap on the maximum payout.
Bond ladders: As an alternative to bond mutual funds, some people have set up bond ladders through their brokers. This is simply a bond portfolio with staggered maturity dates, often one or two years. In this way, some of the bonds mature periodically, allowing for reinvestment, and the investor benefits by averaging up the interest rates (longer-term bonds usually pay a higher rate than those that mature in a year or two).
Pros: No ongoing MERs; easy to understand; relatively low risk, especially if government bonds are used.Cons: Commission payable on bond purchases (usually hidden); lacks diversification of bond fund portfolio; no active management
.
So if you've soured on mutual funds, there are other choices. But remember there is no such thing as a perfect investment.
Gordon Pape, Contributing Editor of 50Plus.com, is one of Canada's best known and most respected financial authors and commentators. He is Publisher and Editor of the popular Mutual Funds Update and Internet Wealth Builder newsletters.
© February 2005 50Plus Magazine
Tuesday, March 22, 2005
fund investing questions for your advisor
What is the fund's management expense ratio and how does it compare with the average for its category.
Canadians should be more concerned that they seem to be about the annual fees they pay fund managers for looking after their money.
In some cases, those fees are excessive.
Often, a large percentage of the fee goes back to your broker for on-going advice.
Make sure you are getting your money's worth.
What types of units does this fund offer. Fund investors are faced with an ever-expanding array of choices when it comes to which type of units to buy.
Unfortunately, there is no consistency in the way these units are labelled and each company offers its own selections. Some types of units are much less expensive than others. For example, if you can acquire "F" units, they are usually the best value.
Some funds now also have "D" units which are also worth investigating.
Ask for a complete explanation of all the choices available.
What compensation will you receive if I invest in this fund.
You have every right to know this since ultimately it is your money that will be used to pay the advisor. So don't be shy about it.
Also, ask how the compensation will change depending on the type of units you buy. Of course, it will take some time to go through all these questions with an advisor. But every one of them is important and you have the right to some clear answers.
If the advisor seems impatient or fudges, it's time to look elsewhere for help.
This article originally appeared in Mutual Funds Update Gordon Pape, Contributing Editor of 50Plus.com, is one of Canada's best known and most respected financial authors and commentators. He is Publisher and Editor of the popular Mutual Funds Update and Internet Wealth Builder newsletters. © June 2004 Gordon Pape Enterprises
Canadians should be more concerned that they seem to be about the annual fees they pay fund managers for looking after their money.
In some cases, those fees are excessive.
Often, a large percentage of the fee goes back to your broker for on-going advice.
Make sure you are getting your money's worth.
What types of units does this fund offer. Fund investors are faced with an ever-expanding array of choices when it comes to which type of units to buy.
Unfortunately, there is no consistency in the way these units are labelled and each company offers its own selections. Some types of units are much less expensive than others. For example, if you can acquire "F" units, they are usually the best value.
Some funds now also have "D" units which are also worth investigating.
Ask for a complete explanation of all the choices available.
What compensation will you receive if I invest in this fund.
You have every right to know this since ultimately it is your money that will be used to pay the advisor. So don't be shy about it.
Also, ask how the compensation will change depending on the type of units you buy. Of course, it will take some time to go through all these questions with an advisor. But every one of them is important and you have the right to some clear answers.
If the advisor seems impatient or fudges, it's time to look elsewhere for help.
This article originally appeared in Mutual Funds Update Gordon Pape, Contributing Editor of 50Plus.com, is one of Canada's best known and most respected financial authors and commentators. He is Publisher and Editor of the popular Mutual Funds Update and Internet Wealth Builder newsletters. © June 2004 Gordon Pape Enterprises
Monday, March 21, 2005
investing in a fund
Ask hard questions of your advisor. Don't be shy, it is your money!!
What are the tax implications of investing in this fund?
If you are buying the fund for a non-registered portfolio, ask about its tax history.
If it is an equity fund, does it have a record of paying high annual distributions, which will be taxed in the year received.
If it is an income fund, what percentage of the distributions is tax-deferred or tax-advantaged.
If I invest in this fund, how will it change the asset mix in my portfolio.
Will the revised asset mix be consistent with my overall objectives.
You need to know whether the addition of one or more new funds will create a significant change in your portfolio balance.
Ask for a break-down of your current asset mix and for a projection of what it will look like if the recommendation is implemented.
If there is a change, ask the advisor to explain why he believes this is to your advantage and whether it will add more risk.
Gordon Pape, Contributing Editor of 50Plus.com, is one of Canada's best known and most respected financial authors and commentators.
What are the tax implications of investing in this fund?
If you are buying the fund for a non-registered portfolio, ask about its tax history.
If it is an equity fund, does it have a record of paying high annual distributions, which will be taxed in the year received.
If it is an income fund, what percentage of the distributions is tax-deferred or tax-advantaged.
If I invest in this fund, how will it change the asset mix in my portfolio.
Will the revised asset mix be consistent with my overall objectives.
You need to know whether the addition of one or more new funds will create a significant change in your portfolio balance.
Ask for a break-down of your current asset mix and for a projection of what it will look like if the recommendation is implemented.
If there is a change, ask the advisor to explain why he believes this is to your advantage and whether it will add more risk.
Gordon Pape, Contributing Editor of 50Plus.com, is one of Canada's best known and most respected financial authors and commentators.
Sunday, March 20, 2005
Ask hard questions of your advisor.
Ask hard questions of your advisor says Gordon Pape
When you visit your family doctor, does she always immediately remember all the facts about your medical history? Probably not. More likely, she has a file folder of information on the desk in from of her which she hasn't had time to even glance at because she's so busy. After all, she sees scores of patients every week. You can't expect her to keep them all straight in her mind, competent though she may be.
So you will probably find yourself reminding her of some things during the consultation. She'll then check back in the files, find the relevant note or prescription, and move forward from there.
Financial advisors are no different. They too have scores of clients, perhaps hundreds. In some cases, they may review the file thoroughly before a meeting. But you shouldn't take that for granted.
Every advisor is required to have you fill out a "know your client" form when you open an account. But that's no guarantee that the form will be frequently reviewed or updated.
Financial advisors, like other professionals, have heavy workloads and can't stay on top of every detail. So, as with your doctor, it's up to you to show some initiative and make sure the advice you are receiving is actually appropriate for your needs and priorities.
That means asking probing questions before finalizing any investment decision. Always remember: it's your money.
This may seem like very basic advice. But we continue to receive e-mails from readers who feel their advisors led them in the wrong direction and are now seeking other solutions.
Like other professionals, financial advisors are not perfect. They can make errors in judgment too. But you can minimize the chances of that happening by playing an active role in the investment process. Don't assume that because your advisor recommends a particular mutual fund that it is the perfect choice for your portfolio. Here are some of the questions to ask before giving your approval.
Tell me how this particular fund meets my investment criteria.
The answer to this question will be an immediate tip-off as to how much homework the advisor has done before the meeting.
If he fumbles around or gives some vague, general response, you should immediately be on your guard.
What should happen is that the advisor will explain exactly where the recommended fund fits into the portfolio, how it will enhance performance in relation to your overall goals, and what, if anything, it will replace and why.
How does this fund differ from the others I now own?
You'd be surprised at how many investors end up with three or four funds that are managed in basically the same way. For example, there is no reason why your portfolio should contain more than one of CI Canadian Investment Fund, Harbour Fund, or Mackenzie Ivy Canadian Fund. The managers are different but the style is much the same in each case. So have your advisor explain how the fund now being recommended differs from everything else you own. Or, if he is suggesting a replacement for a similar type of fund, ask why this one is better.
How has it performed relative to its peer group and its benchmark index?
Sometimes a fund can have what appear to be terrific numbers and still be an underperformer. For example, look at the AGF Canadian Small Cap Fund. It gained almost 42 per cent in the year to March 31. Impressive, right? No! The average fund of its type advanced 51 per cent in the same period. The benchmark BMO Nesbitt Burns Canadian Small Cap Index gained 65 per cent. In fact, this fund has underperformed over all time periods and has a poor risk rating. Yet people have invested $345 million in it. Somebody has been giving some bad advice!
What is the risk rating of this fund compared to others in the same category?
Ever since the bear market of 2000-2002 brutally reminded us that stocks can go down as well as up, people have been more conscious of risk. Remember, every investment decision involves a risk/return trade-off. But you need to know exactly how much risk you are assuming before making a commitment.
All the fund rating companies have risk measures that compare funds to others of the same type. Find out where the one that is being recommended stands in the risk pecking order. And don't just rely on numbers.
Ask if the fund has any special risk characteristics that you should be aware of. For example, if it is an income fund find out what percentage of the portfolio is in income trusts (higher risk) and what percentage is in cash and short-term bonds (lower risk).
When you visit your family doctor, does she always immediately remember all the facts about your medical history? Probably not. More likely, she has a file folder of information on the desk in from of her which she hasn't had time to even glance at because she's so busy. After all, she sees scores of patients every week. You can't expect her to keep them all straight in her mind, competent though she may be.
So you will probably find yourself reminding her of some things during the consultation. She'll then check back in the files, find the relevant note or prescription, and move forward from there.
Financial advisors are no different. They too have scores of clients, perhaps hundreds. In some cases, they may review the file thoroughly before a meeting. But you shouldn't take that for granted.
Every advisor is required to have you fill out a "know your client" form when you open an account. But that's no guarantee that the form will be frequently reviewed or updated.
Financial advisors, like other professionals, have heavy workloads and can't stay on top of every detail. So, as with your doctor, it's up to you to show some initiative and make sure the advice you are receiving is actually appropriate for your needs and priorities.
That means asking probing questions before finalizing any investment decision. Always remember: it's your money.
This may seem like very basic advice. But we continue to receive e-mails from readers who feel their advisors led them in the wrong direction and are now seeking other solutions.
Like other professionals, financial advisors are not perfect. They can make errors in judgment too. But you can minimize the chances of that happening by playing an active role in the investment process. Don't assume that because your advisor recommends a particular mutual fund that it is the perfect choice for your portfolio. Here are some of the questions to ask before giving your approval.
Tell me how this particular fund meets my investment criteria.
The answer to this question will be an immediate tip-off as to how much homework the advisor has done before the meeting.
If he fumbles around or gives some vague, general response, you should immediately be on your guard.
What should happen is that the advisor will explain exactly where the recommended fund fits into the portfolio, how it will enhance performance in relation to your overall goals, and what, if anything, it will replace and why.
How does this fund differ from the others I now own?
You'd be surprised at how many investors end up with three or four funds that are managed in basically the same way. For example, there is no reason why your portfolio should contain more than one of CI Canadian Investment Fund, Harbour Fund, or Mackenzie Ivy Canadian Fund. The managers are different but the style is much the same in each case. So have your advisor explain how the fund now being recommended differs from everything else you own. Or, if he is suggesting a replacement for a similar type of fund, ask why this one is better.
How has it performed relative to its peer group and its benchmark index?
Sometimes a fund can have what appear to be terrific numbers and still be an underperformer. For example, look at the AGF Canadian Small Cap Fund. It gained almost 42 per cent in the year to March 31. Impressive, right? No! The average fund of its type advanced 51 per cent in the same period. The benchmark BMO Nesbitt Burns Canadian Small Cap Index gained 65 per cent. In fact, this fund has underperformed over all time periods and has a poor risk rating. Yet people have invested $345 million in it. Somebody has been giving some bad advice!
What is the risk rating of this fund compared to others in the same category?
Ever since the bear market of 2000-2002 brutally reminded us that stocks can go down as well as up, people have been more conscious of risk. Remember, every investment decision involves a risk/return trade-off. But you need to know exactly how much risk you are assuming before making a commitment.
All the fund rating companies have risk measures that compare funds to others of the same type. Find out where the one that is being recommended stands in the risk pecking order. And don't just rely on numbers.
Ask if the fund has any special risk characteristics that you should be aware of. For example, if it is an income fund find out what percentage of the portfolio is in income trusts (higher risk) and what percentage is in cash and short-term bonds (lower risk).
Saturday, March 19, 2005
check out this report by Gordon Pape
Best bets from TD Gordon Pape
TD Asset Management offers a wide range of mutual funds, some of which are well worth a close look.
I have just completed a complete review of the family and here are four of my top choices.
TD Canadian Bond Fund. This is a very impressive bond fund. Since 1994 it has beaten both the average of its peer group and the Scotia Capital Markets Universe Bond Index the majority of the time. To achieve this result, the fund manager has overweighed the portfolio toward high-quality corporate bonds (about two-thirds of the assets), with the remainder in various government bonds. The fund is conservatively managed as far as interest-rate risk goes. Gain for the year to January 31 was 6.8 per cent, which was nicely above the 5.2 per cent average for the Canadian Bond category. Longer term results are equally impressive. This fund is a solid performer. Put it in your RRSP. Rating: $$$$ (out of four).
TD Short Term Bond Fund. This fund will fit very nicely in your RRSP and should provide a better return than you’d get from a money market fund or a GIC. The fund invests in short- to medium-term (up to three years) high-quality securities. About 40 per cent of the portfolio is in government issues with the rest in good-quality corporate bonds such as CIBC, Bank of Nova Scotia, and Wells Fargo Financial. The performance record is above average for the Short-Term Bond category, with a one-year gain of just over 4 per cent in 2004 and an average annual return of 5 per cent over the past three years (to January 31).
The fund makes monthly distributions which vary in amount. Over the past year, the total payout was about 36c per unit. This makes the fund a good choice for RRIF investors as well. The minimum initial investment is $1,000 for non-registered accounts but only $100 for an RRSP. Risk is about average for a fund of this type but very low compared to bond funds generally. The fund has not had a losing year since at least 1998. Rating: $$$$.
TD Dividend Income Fund. This fund is geared for investors seeking preferential after-tax monthly income and the opportunity for moderate capital gains. Since inception, the fund has generally been an above-average performer compared with its peer group, although the 12-month gain of 9.9 per cent to Jan. 31 was below the category average. Three, five, and ten year results all surpass those of the peer group, however. The portfolio mix shows 55 per cent of the assets in common stocks in dividend-paying sectors like financial services, utilities, and pipelines. Another 15 per cent is in trust units, 10 per cent in preferred shares, and 16 per cent in bonds.
This gives the fund good tax-advantaged income, but also makes it more sensitive to rising interest rates. The bond side consists of government and corporate bonds and is of generally high credit quality. The safety rating is much better than average for a fund of this type. The overall defensiveness of the fund makes it a good vehicle for long-term conservative investors and the monthly distributions provide steady cash flow. It’s worth considering for a RRIF, although any tax advantages will be lost inside a registered plan. Rating: $$$$.
TD Dividend Growth Fund. The goal here is to provide investors with superior after-tax income and steady growth. It invests primarily in large-cap, high-yielding common stocks and, to a lesser degree, in trust units (about 19 per cent of assets at the start of '05). The portfolio holds a small core group of around 35 to 40 stocks, mainly in the traditional dividend-paying sectors of financial services, utilities, and pipelines. As for risk, this fund is a tad more aggressive than the average Canadian dividend fund because of its significant bias toward common stocks. That makes it more risky than the companion TD Dividend Income Fund.
However, compared to a benchmark index like the S&P/TSX 60, the risk is still relatively low. In the 12 months to Jan. 31 the fund gained 12.1 per cent. That was about average for its peer group but longer-term numbers are well above the average over three, five, and 10 years. Overall, this is an above-average fund for capital appreciation, but tax-advantaged cash flow is not its strong suit (distributions are only paid quarterly and are quite small). The fund is therefore not recommended for those who need regular income. It is better suited for investors looking for a conservatively managed blue chip stock fund. Rating: $$$$.
Check with a financial advisor to see if the funds are suitable for your needs before investing.
Gordon Pape, Contributing Editor of 50Plus.com, is one of Canada's best known and most respected financial authors and commentators. He is Publisher and Editor of the popular Mutual Funds Update and Internet Wealth Builder newsletters.
TD Asset Management offers a wide range of mutual funds, some of which are well worth a close look.
I have just completed a complete review of the family and here are four of my top choices.
TD Canadian Bond Fund. This is a very impressive bond fund. Since 1994 it has beaten both the average of its peer group and the Scotia Capital Markets Universe Bond Index the majority of the time. To achieve this result, the fund manager has overweighed the portfolio toward high-quality corporate bonds (about two-thirds of the assets), with the remainder in various government bonds. The fund is conservatively managed as far as interest-rate risk goes. Gain for the year to January 31 was 6.8 per cent, which was nicely above the 5.2 per cent average for the Canadian Bond category. Longer term results are equally impressive. This fund is a solid performer. Put it in your RRSP. Rating: $$$$ (out of four).
TD Short Term Bond Fund. This fund will fit very nicely in your RRSP and should provide a better return than you’d get from a money market fund or a GIC. The fund invests in short- to medium-term (up to three years) high-quality securities. About 40 per cent of the portfolio is in government issues with the rest in good-quality corporate bonds such as CIBC, Bank of Nova Scotia, and Wells Fargo Financial. The performance record is above average for the Short-Term Bond category, with a one-year gain of just over 4 per cent in 2004 and an average annual return of 5 per cent over the past three years (to January 31).
The fund makes monthly distributions which vary in amount. Over the past year, the total payout was about 36c per unit. This makes the fund a good choice for RRIF investors as well. The minimum initial investment is $1,000 for non-registered accounts but only $100 for an RRSP. Risk is about average for a fund of this type but very low compared to bond funds generally. The fund has not had a losing year since at least 1998. Rating: $$$$.
TD Dividend Income Fund. This fund is geared for investors seeking preferential after-tax monthly income and the opportunity for moderate capital gains. Since inception, the fund has generally been an above-average performer compared with its peer group, although the 12-month gain of 9.9 per cent to Jan. 31 was below the category average. Three, five, and ten year results all surpass those of the peer group, however. The portfolio mix shows 55 per cent of the assets in common stocks in dividend-paying sectors like financial services, utilities, and pipelines. Another 15 per cent is in trust units, 10 per cent in preferred shares, and 16 per cent in bonds.
This gives the fund good tax-advantaged income, but also makes it more sensitive to rising interest rates. The bond side consists of government and corporate bonds and is of generally high credit quality. The safety rating is much better than average for a fund of this type. The overall defensiveness of the fund makes it a good vehicle for long-term conservative investors and the monthly distributions provide steady cash flow. It’s worth considering for a RRIF, although any tax advantages will be lost inside a registered plan. Rating: $$$$.
TD Dividend Growth Fund. The goal here is to provide investors with superior after-tax income and steady growth. It invests primarily in large-cap, high-yielding common stocks and, to a lesser degree, in trust units (about 19 per cent of assets at the start of '05). The portfolio holds a small core group of around 35 to 40 stocks, mainly in the traditional dividend-paying sectors of financial services, utilities, and pipelines. As for risk, this fund is a tad more aggressive than the average Canadian dividend fund because of its significant bias toward common stocks. That makes it more risky than the companion TD Dividend Income Fund.
However, compared to a benchmark index like the S&P/TSX 60, the risk is still relatively low. In the 12 months to Jan. 31 the fund gained 12.1 per cent. That was about average for its peer group but longer-term numbers are well above the average over three, five, and 10 years. Overall, this is an above-average fund for capital appreciation, but tax-advantaged cash flow is not its strong suit (distributions are only paid quarterly and are quite small). The fund is therefore not recommended for those who need regular income. It is better suited for investors looking for a conservatively managed blue chip stock fund. Rating: $$$$.
Check with a financial advisor to see if the funds are suitable for your needs before investing.
Gordon Pape, Contributing Editor of 50Plus.com, is one of Canada's best known and most respected financial authors and commentators. He is Publisher and Editor of the popular Mutual Funds Update and Internet Wealth Builder newsletters.
Thursday, March 17, 2005
holiday planing
There are all kinds of places to go to for information on trips to anywhere.
There is likely a travel agency close by to help you with your planning.
If you are planning a big long trip you can do all of it online, looking around and planning, is the most fun.
There is likely a travel agency close by to help you with your planning.
If you are planning a big long trip you can do all of it online, looking around and planning, is the most fun.
Wednesday, March 16, 2005
Looking for your past?
Re
searching for your Ancestors
Want to trace your roots over in Europe, Ireland, England, or even in the U.S or Canada and don't know where to start looking.
Check out this site, http://beginner-genealogy.blogspot.com/ it will give you a number of hints on how to start your search, and other information.
Want to trace your roots over in Europe, Ireland, England, or even in the U.S or Canada and don't know where to start looking.
Check out this site, http://beginner-genealogy.blogspot.com/ it will give you a number of hints on how to start your search, and other information.
Tuesday, March 15, 2005
retirement travel
One of the most people talk about when they are coming up to retirement, is to do some traveling.
This is when everyone has time to do all the traveling they want. Visiting family and friends is high on the travel list for most.
For others it is a trip somewhere they have not seen before, or maybe a life long dream to see different parts of the world.
red sunset red maple
 | Red Sunset Red Maple - $ 40.95 The Red Sunset® Red Maple tree, Acer Rubrum Red Sunset, is considered one of the best trees for early fall color! This is a large deciduous tree that has pyramidal form when young becoming rounded with age. Species name of rubrum (meaning red) is everywhere in evidence: red flowers in dense clusters in late March to early April (before the leaves appear), red fruit (reddish two-winged samara), reddish stems and twigs. The Red Sunset® is one of the best red maple cultivars available in commerce, with outstanding orange to red fall color. |
Saturday, March 12, 2005
Retirement options
If you are contemplating moving from your present home, to a community which is designed to accomidate retirees, there are many things you will have to think about before you make the move to a retirement Community.
There are some really good books available, on the pros and cons of such a move.
Some questions to think about.
Why and when should I think about moving to a retirement community?
When is the best time to move to a retirement community?
What do my children, other family members, and friends have to say to me regarding a move?
Are their comments substantive? Where do I want to live? Can I list six good reasons? What are five downsdes? If I move, what type accommodations would I like to have?
What are the six amenities and services I want in a retirement community and why?
Will my future healthcare needs be adequately met if I move?
What can I afford? What am I willing to pay?
If I decide to stay in my home, what are the pluses? What are the drawbacks?
And what are the possible costs I can expect for maintenance or retrofitting the house for a wheelchair, for instance?
Here is the question we all fear and will have a hard time finding the answer.
As a couple, when one of us dies, will the situation be what the surviving spouse would need or want?
Check the link below to visit a geart site, with a ton of information and a excellent forum.
http://www.50plus.com/home_family/adultlife.cfm
There are some really good books available, on the pros and cons of such a move.
Some questions to think about.
Why and when should I think about moving to a retirement community?
When is the best time to move to a retirement community?
What do my children, other family members, and friends have to say to me regarding a move?
Are their comments substantive? Where do I want to live? Can I list six good reasons? What are five downsdes? If I move, what type accommodations would I like to have?
What are the six amenities and services I want in a retirement community and why?
Will my future healthcare needs be adequately met if I move?
What can I afford? What am I willing to pay?
If I decide to stay in my home, what are the pluses? What are the drawbacks?
And what are the possible costs I can expect for maintenance or retrofitting the house for a wheelchair, for instance?
Here is the question we all fear and will have a hard time finding the answer.
As a couple, when one of us dies, will the situation be what the surviving spouse would need or want?
Check the link below to visit a geart site, with a ton of information and a excellent forum.
http://www.50plus.com/home_family/adultlife.cfm
Thursday, March 10, 2005
spring is on the way
According to the calender spring is only a few days away.
In the area where I live, there is no evidence that spring is just around the corner, unless the sound of crows is a hint that spring is near.
We were out snowshoeing this morning for our exersize, we try to get out walking or out on our snowshoes four times per week.
In our area the garden centres are starting to get ready for the arrival of all their spring and summer plants and shrubs.
I seems like we have been waiting for this time forever.
A bit south of us they are enjoying the first of the spring flowers in thier gardens
In the area where I live, there is no evidence that spring is just around the corner, unless the sound of crows is a hint that spring is near.
We were out snowshoeing this morning for our exersize, we try to get out walking or out on our snowshoes four times per week.
In our area the garden centres are starting to get ready for the arrival of all their spring and summer plants and shrubs.
I seems like we have been waiting for this time forever.
A bit south of us they are enjoying the first of the spring flowers in thier gardens
Tuesday, March 08, 2005
Plants for your retirement garden
For your gardening needs, type in the flower you want and check out the great veriety of plants, flowers and shrubs. free catalouge
Monday, March 07, 2005
tools for your hobbies
these are great storage space savers no need to search through drawers for your tools :-)
DeWALT 100-Piece Tradesman Set
Rapid load for quick and easy accessory changes
Magnetic drive guides to reduce stripping and wobbling
Black oxide drill bits with 135° Split Point - starts on contact
Most commonly used accessories such as screwdriver bits, nut drivers and sockets
Two bit boxes for additional storage
Heavy-duty kit box with metal latches
DeWALT 100-Piece Tradesman Set
Rapid load for quick and easy accessory changes
Magnetic drive guides to reduce stripping and wobbling
Black oxide drill bits with 135° Split Point - starts on contact
Most commonly used accessories such as screwdriver bits, nut drivers and sockets
Two bit boxes for additional storage
Heavy-duty kit box with metal latches
235-Piece Mastercraft Hobby Set
Assorted rotary tool accessories
Fits 1/8" shanks
Includes convenient carrying case
Saturday, March 05, 2005
tax deferral time is gone for 2004
With all the advertisement on tax deferral investments, from all the big financial institutions and countless smaller players, on the wane.
We can start calculating our taxes, so we can make the next deadline of April 30th.
Deadlines are something every one of us have been exposed to all of our lifes.
As you have noticed, we still have deadlines, even if we are retired.
There is a difference though, we have the time to take each deadline and do it without a lot pressure, unless we leave things until the last moment.
If this is the case we may as well stayed working and had all of the pressure all of the time.
A lot of people who retire, suffer an emotional roller coaster ride, for some time, after they leave work.
As I look back now, I am one of many who had enough things to do, and some things I always wanted to do but never had the time.
I played a lot of golf, 9 holes just about every day. At the start it was quite hard as I had not walked much in the last 10 years, out of shape.
I also made a life style choice to not ride a golf car, but instead pulled my little cart.
I sure was tired after a few holes, I stuck with it and by the end of the season, could play 18 holes with a little energy left.
I had a big "honey dooo list", that came with retirement, so I had to get into better shape if I wanted to have the time to play golf.
I did check with my doctor before I started out on my retirement life style.
All of the advice we hear from our doctors, many times over, develop hobbies, stay active in the community, stay fit, (this is as hard as loosing weight) and quit smoking (harder than loosing weight).
If you start your day with a little walk, it does not have to be far, and as you do it every day you will soon feel the diference. Check with your doctor first.
If a jogger runs at the the speed of sound, can he still hear his walkman?
We can start calculating our taxes, so we can make the next deadline of April 30th.
Deadlines are something every one of us have been exposed to all of our lifes.
As you have noticed, we still have deadlines, even if we are retired.
There is a difference though, we have the time to take each deadline and do it without a lot pressure, unless we leave things until the last moment.
If this is the case we may as well stayed working and had all of the pressure all of the time.
A lot of people who retire, suffer an emotional roller coaster ride, for some time, after they leave work.
As I look back now, I am one of many who had enough things to do, and some things I always wanted to do but never had the time.
I played a lot of golf, 9 holes just about every day. At the start it was quite hard as I had not walked much in the last 10 years, out of shape.
I also made a life style choice to not ride a golf car, but instead pulled my little cart.
I sure was tired after a few holes, I stuck with it and by the end of the season, could play 18 holes with a little energy left.
I had a big "honey dooo list", that came with retirement, so I had to get into better shape if I wanted to have the time to play golf.
I did check with my doctor before I started out on my retirement life style.
All of the advice we hear from our doctors, many times over, develop hobbies, stay active in the community, stay fit, (this is as hard as loosing weight) and quit smoking (harder than loosing weight).
If you start your day with a little walk, it does not have to be far, and as you do it every day you will soon feel the diference. Check with your doctor first.
If a jogger runs at the the speed of sound, can he still hear his walkman?
Tuesday, March 01, 2005
last chance
This year we have until March 1. (today), to put money it a variety of tax defered investments.
If you left it this late, you will have to pick out the best of the investment medium that you are comfortable with. You can move this money around after.
If you have all of your tax slips you can quickly figure out how much to defer to lower your tax payable.
For most people who have used this tax deferal method before will have no trouble.
For those who are well on the way to retirement, should look at how they will be withdrawing their investments, since your are looking at your taxes.
This will also take a lot of planning.
There are many ways to do this but you will have to now pay the tax, at a lower rate hopefully.
If you left it this late, you will have to pick out the best of the investment medium that you are comfortable with. You can move this money around after.
If you have all of your tax slips you can quickly figure out how much to defer to lower your tax payable.
For most people who have used this tax deferal method before will have no trouble.
For those who are well on the way to retirement, should look at how they will be withdrawing their investments, since your are looking at your taxes.
This will also take a lot of planning.
There are many ways to do this but you will have to now pay the tax, at a lower rate hopefully.
Subscribe to:
Posts (Atom)