“ Swinging Skirts Committee would also like to thank Rodan and Fields for their donations ”
Archives for September 24, 2018
Risk – Figuring out the right one for you!
Every investor knows that risk and return go together but when it comes to risk tolerance, everyone is different. How much you can endure depends on several factors.
Risk tolerance is subjective and varies from person to person. For some people seeing their investment go down a few thousand dollars is no big deal and for others a decline of a hundred dollars will cause sleepless nights. Risk is both financial and emotional. Financially, it’s about attaining the returns you need in order to achieve your financial plan and emotionally, it’s about choosing investments that don’t stress you out and contribute to insomnia.
So how do you figure risk out and choose investments that match your risk profile?
Start with your goals – You need to know what you are trying to achieve. Once you have your financial plan completed you will have a better idea of the rate of return required for it to be successful. If you only require a 3% rate or return to meet your goals, why expose yourself to more risk by chasing higher returns?
Understand the real market risk – We all feel “riskier” when the markets are doing well – but during market volatility you might just realize you’re not as risky as you thought.
Define your time horizon – Over the long term markets rise – if you don’t plan on touching your investments for many years you can probably afford to be a little riskier with them, however, short term money or emergency funds might not be suited to high risk options.
Be aware of what you can lose – try not to think in percentages. If you invest $25,000, think about your possible loss as $2,500 rather than 10%. It tends to make it more real.
It’s not all doom and gloom – there are ways to maximise the potential for higher returns and manage risk at the same time. By establishing your expectations and managing your risk tolerance from day one, you won’t panic with the inevitable market volatility.
Your Certified Financial Planner will have a questionnaire to help you determine the correct risk tolerance and asset mix for your individual situation. Talk to them about your plan and understanding your risk tolerance.
This column is written by Michelle Weisheit CFP, IG Wealth Management and presents general information only and is not a solicitation to buy or sell any investments.
Please contact your own advisor for specific advice about your situation.
I have decided to run in this election because I believe I can continue to help council move Oliver forward. We are facing many challenges in the near future, planning and action need to be taken now. My experience as a a Councillor means there is no learning curve. I can go to work with Council immediately
There are several challenges facing Oliver right now. Increasing crime continues to plague Oliver. There are no magic solutions to the underlying causes, but there are things council can initiate to help lower crime in Oliver. Increased patrols by Crime Watch and Bylaw enforcement. Selective placement of cameras to assist police in enforcement. Assistance through inspection to help Oliverites to safeguard their property. After analysis, there is money in our current budget to pay for these initiatives without increasing taxes.
We have finally gotten a hotel. In the process we lost a campground and a sani-dump. It would be nice to get back something to replace them. A hotel and a campground both bring positive benefits to our downtown business. We need to create reasons for locals and tourists alike to stop in our town and visit our businesses.
On Council I have a reputation for working to keep taxes lower, keeping Oliver affordable and attractive for seniors and newcomers alike. We also have aging services that continue to need to be replaced or upgraded. This will require innovative thinking and a strong financial background. I believe I bring both of these to Council.
All this being said, I love Oliver. I was born in Oliver in 1957 and have lived here most of my life. We offer an Okanagan lifestyle that is different from every other town in the valley. We have outstanding recreation facilities and opportunities. We have a huge community of volunteers and service clubs that make us the envy of many places. I believe it is the role of Council to look after what has been built, to help the people of Oliver define our future and assist those that are willing to build that future.
On October 10th and October 20th I am asking for your support in keeping and making Oliver a great place to live.
For Sale – Grass and Grain feed Beef $4.90 a pound hanging weight.
Average weight will be about 300 pounds before cutting and wrapping
Ready approximately October 30th 2018
Cutting, wrapping and frozen and all other associated costs included in price.
The meat is inspected by a government inspector on day of slaughter – Close attention is given to organ meat – with no extra charge included in price.
Meat is processed at Magnum Meats in Rock Creek BC
Call 250-498-7858 or 498-4406
ad submitted by Barry Radies of Oliver BC
My name is Dermott Hutton. I am a proud father, husband and a local small-business owner. We moved to this amazing town, Oliver, just over two years ago to be in a place where we can watch our children and our dreams flourish. I volunteer on the Board of Directors for the South Okanagan Chamber of Commerce, and on the Pinnacles Youth Soccer organization as a parent coach.
As a co-owner of Firehall Brewery, I have actively participated in community events, such as hosting fundraisers for the Food Bank, the Youth Skatepark, the “Tots and Tykes” Playpark. As well, I contribute to regularly sponsoring community fundraisers and charity events in the community, like the Desert Sun Counselling Centre, Oliver Hospice Care, and the Rotary Club of Oliver.
Since moving to Oliver, my family and I have been embraced by the local community and feel as though we want to give back by giving our service to the wonderful people of this town. It is with that in mind that I am running for Oliver Town Council.
I believe that in order for Oliver to grow and thrive as a community we need a firm plan. One that demands a vision for the revitalization of our downtown core, including plans for Station Street. We have a plethora of amazing entrepreneurial citizens that, if given the right circumstances, will drive economic development and breathe new life into our town that we will all prosper from.
Through a detailed budgeting process, we need to allocate funds towards our aging infrastructure as well as our need for security. We need to continue to pressure and work with our provincial and federal governments to properly allocate funds in ways that keep the safety of our community paramount
As a council member, I will work hard to promote new business development in Oliver by helping to keep and create business-friendly policies and to fight for the safety and security of the place where we chose to live and raise our families. I believe in this town and I want to unify the community. I will work hard for every person that lives in Oliver, I promise that I will listen to all opinions, and that I will always have the community as a whole in mind when working with my fellow councillors.
The Tennis Club and the Pickleball Club held a get together. Players from the pickleball club were matched with members of the tennis club and divided into two teams. The Team Big Balls were the overall winners with Team Big Dills a close second. Everyone had to play both pickleball and tennis. Everyone had a great time and enjoyed a wonderful pot luck at the end of the tournament.
Picture and story supplied b Cathy Pidduck