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A few lessons learned in 2018

We have realized a few lessons in 2018, such as: getting a mortgage can be more difficult than before, and, it is not unusual to be asked for a co-signer.

Markets are great on the way up, unfortunately it can take one really bad month to wipe out all gains for the year.


What was reinforced: do not sell based on market declines but on company fundamentals. Dollars sitting in cash won’t decline, but also will not gain. Trying to time the markets is not the same as time in the markets.


News for 2019 – TFSA (Tax free savings account) contribution limit for 2019 has been raised to $6K. If you maxed out all annual contributions including 2019 you could have deposited $63,500. From $10K limit for a couple in 2009, a couple could have $127,000, invested-tax free, plus any interest, dividends or capital gains earned.


Do not forget that you can replace any funds taken out one year in the following year. If you have a large purchase still coming in 2018, consider taking the funds from your TFSA. You benefit any gain tax-free, and you can replace the full withdrawal amount in January 2019.

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This information has been prepared by Carol Plaisier Investment Advisor for HollisWealth®, a division of Industrial Alliance Securities Inc. and does not necessarily reflect the opinion of HollisWealth®. The information contained in this website comes from sources we believe to be reliable, but we cannot guarantee its accuracy or reliability. The opinions expressed are based on an analysis and interpretation dating from the date of publication and are subject to change without notice. Furthermore, they do not constitute an offer or solicitation to buy or sell any the securities mentioned. The information contained herein may not apply to all types of investors. The Investment Advisor can open accounts only in the provinces where she is registered. For more information about HollisWealth®, please consult the official website at ww.holliswealth.com.

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