CBC Gander Morning Show Radio Interview 2013-10-10

CLICK HERE TO LISTEN TO THE RECORDED INTERVIEW

This radio show was prepared by Larry Short, who is a registered Investment Advisor with DWM Securities Inc., a DundeeWealth Inc. Company. This is not an official event of DWM Securities Inc. and the views (including any recommendations) expressed in this show are those of the presenter alone, and they have not been approved by, and are not necessarily those of, DWM Securities Inc.

Larry Short – CBC Gander Morning Radio interview. Topics discussed: the federal debt ceiling, the potential effects of a government shutdown on the markets, implications for Canadian investors, expectations for interest rates, and how the Canadian dollar might fare over the next few years.

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Event in Corner Brook, Newfoundland: ‘What Works Now’ 2013-10-24

Erratic world markets and economies can create investor stress and angst.  Protect your stomach and your portfolio from extreme fluctuations. Topics included: Stock and
bond market forecast, and dangers therein; Why Buy and Hold does not work; and
A different solution for the next five years and beyond.  For more information please contact Robyn Jordan at 1-888-725-6991 or e-mail rjordan@dundeewealth.com

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Event in Goose Bay, Labrador: ‘What Works Now’ 2013-09-12

Erratic world markets and economies can create investor stress and angst.  Protect your stomach and your portfolio from extreme fluctuations. Topics included: Stock and bond market forecast, and dangers therein; Why Buy and Hold does not work; and A different solution for the next five years and beyond.   For more information, please contact Robyn Jordan at 1-888-725-6991 or e-mail rjordan@dundeewealth.com

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CBC RADIO INTERVIEW: September 9, 2013

Here’s the link for my most recent interview on CBC Noon Radio Crosstalk – Your Will, Succession Planning, taxation, problems and pitfalls. Learn some great information that your family really should know and discuss.   CLICK TO HEAR THE RECORDED INTERVIEW

  • Leave your questions or comments here for a chance to win either a
    copy of my most recent book “In Short: Successful Investing During
    Turbulent Times”
    2012, or a no-charge, no-obligation Estate Plan review. 

Certified Financial Planner Larry Short and Tax and Estate Lawyer Pam Rideout were guests on CBC Radio Noon on Monday September 9, 2013.  Topics of discussion included how to avoid the perils and pitfalls of estate planning, Will preparation, and choosing your Executor. Great information for everyone – especially if you‘ve been named an executor.

A little further down this blog page you’ll find an informative recorded webinar called ‘Choosing Your Executor’ that also contains some very useful information.

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BNN ‘The Street’ INTERVIEW Friday August 23, 2013

Click here for the interview … my perspective on the market, short and long term outlook, current and future opportunities, what to avoid, and portfolio ETF picks.

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FIRST BUSINESS NEWS INTERVIEW: 2nd Half Market Maneuvers July 3, 2013

Are you wondering what the markets will hold for the balance of the year? Where should you invest your money … stocks, bonds, ETFs, or a combination? Check out my latest interview with First Business News called ‘2nd Half Market Maneuvers’.   July 3 2013

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Recorded Webinar: Choosing Your Executor

If you missed the live webinar on Thursday June 6th, 2013 – here’s the link to view the recorded version: http://bit.ly/1bvVVXo   (Please note: we apologize for the minor technical sound issue (echo) during the intro portion of the webinar; it only occurs for a short time … thank you).

There are many traps, hazards, errors, and legal problems to avoid when it comes to your estate and your executor. Help your executor do a great job after you’re gone – view this webinar together to learn what you both need to know.

Please call us if you have questions or would like further information:

Tel: 709 726 6991    Toll Free: 1 888 725 6991

If you would like to be invited to future informational sessions, kindly call or e-mail Sarah Matthew at toll-free 1-855-611-0112 or e-mail smatthew@dundeewealth.com

 

Choosing Your Executor

Registration now open. To RSVP, please contact Sarah Matthew at toll-free 1-855-611-0112 or e-mail smatthew@dundeewealth.com

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The First Thing That Happens When The Boss Gets Sick

I am often told by business owners that if they become sick or disabled, their spouse will step in to run the business until it can be sold. This sounds like a logical succession plan when discussed rationally in a comfortable office as part of an overall retirement and estate discussion. Unfortunately, reality most often does not meet these expectations. To understand the flaw in the logic, you have to look at the situation not from the owner’s point of view, but from the perspective of your employees.

Regardless of how loyal your employees are, usually the first thing they do upon learning of the owner’s illness is update their resumes and start looking for a new job. The uncertainty created by such circumstances motivates them to look at their own situation in case the owner’s goals do not line up with theirs.

From the employees’ point of view, any potential change in ownership means new management and old relationships could be challenged; and worry sets in. When there is even a tiny risk of layoffs, employees often act in anticipation of the worst possible outcome.This is particularly true of your best employees. Often these employees are already being solicited by your competitors, and the smartest employees are aware that it is easier to get a new job while they still have their old one.

The net effect is that your employees may leave just when you need them the most. This could paralyze the business. This means that cash flow could be cut off and the value of the business could decline dramatically.

And let’s not forget that your suppliers, customers, and bankers may also be asking questions at this time and keeping these stakeholders in the loop is vital.

So … what are the solutions?

First, there is the reactive solution. This is better than nothing, but unfortunately it can’t be expected to make a dramatic difference. This involves meeting with your employees and other stakeholders as soon as possible after the disability incident has occurred and having an open and frank discussion of your plans. You should first meet with your advisors, anticipate the questions, and rehearse so that you sound as strong and confident as possible in these meetings. Again, this will not eliminate your problems but could minimize the damage.

The other solution is to be proactive – which means putting plans in place now in case something untoward does happen. Such a plan serves all stakeholders much more favourably.

The proactive solution is to employ disability and key person insurance to protect the business and the family. Depending on the detailed plan that you put together with your advisors, you would still hold a meeting with your employees and other stakeholders, but the message at that meeting would be a whole lot stronger than the passive approach. Confidently outlining plans and contingencies that were set up years before the incident serves to strengthen relationships and helps keep the business intact.

The disability plan can be designed to make payments to the business to maintain cash flow and keep it running until either the business owner returns to work or a buyer is found. This is not the same plan that pays the owner for loss of income.

It is one situation when the sick or disabled owner has the potential to recover and come back to work. It is entirely another situation when the owner dies. This is the reason for ‘key person’ insurance. The speed and depth of the problems which arise when the owner dies is infinitely more dramatic. On top of the problems outlined above, add in that the spouse will be going through a grieving period that could take up to a year. This means, quite frankly, that not having a proper plan in place in the event of death of the business owner is a great disservice to your family.

Of course, putting together such a plan takes time and expertise; and most of all – it requires the will to address the problem up front. It is ironic that business owners think nothing of buying insurance on a highly unlikely event such as insurance against fire on their home, but ignore the need to insure against a highly probable event such as their own disability or death. Regardless, your advisor should broach this issue with you and ensure that you are aware of all of the implications for your specific needs.

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Recorded Webinar: How to Own U.S. Property The Canadian Way

If you missed the live webinar on Tuesday, April 16, 2013 – here’s the link to view the recorded version:  http://bit.ly/Z1tm2K

What is the best way to own U.S. property? There is no single solution. There are many key questions to address prior to making very important decisions. This recording details many of the considerations.  Learn what to beware, and how to best maximize your U.S. investments by allowing key experts to guide you.

Please call us if you have questions or would like further information:

Tel: 709 726 6991    Toll Free: 1 888 725 6991

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Advanced Tax Reduction Tools – Recorded Webinar

If you missed the live webinar on Tuesday, March 19, 2013 – here’s the link to view the recorded version:  http://bit.ly/YCLXgv

These are advanced tax reduction strategies, best deployed in conjunction with qualified investment and tax professionals. The possible application of these tax-efficient tools will vary based on personal financial situations, but most business owners will find in our examples an approach which applies to their circumstances.

Let us help you reduce your corporate tax bill.  Call today.

Tel: 709 726 6991    Toll Free: 1 888 725 6991

 

 

 

 

 

 

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