There are moments in time when significant economic shifts occur that alter the future. One such moment occurred in late August 2019 at the close of the Jackson Hole Economic Symposium. This is an annual and exclusive central banking conference to foster open discussion about important and current policy matters.
It seemed there was nothing her father couldn't do when Margaret was growing up. He was the most capable person she knew. Widowed by the time he was 55, he lived an independent and full life, never relying on Margaret for anything other than her company.
The point of the headline is to distinguish what kind of investor you are. Do you follow storylines as described in the media headlines, or do you rely upon numbers and data to build your wealth and achieve financial independence?
“Money makes money. And the money that money makes, makes more money.”1 This quote by Benjamin Franklin is referencing the power of compound interest. Albert Einstein extolled the wealth-building virtues of compound interest as well. He is reputed as saying he considered it to be man's greatest invention and the eighth wonder of the world.2 A much simpler way to describe compound interest is that it is an excellent way to watch your investments grow exponentially over time.
"After 38 years of marriage, I was blindsided when my husband asked me for a divorce," says Patricia, 61. "I didn't see it coming and was shocked at how fast and efficiently he left the life we had built together."
We are a small family who recently purchased our first house. To ensure our financial security and peace of mind we went to Darlene to purchase Life Insurance for both my husband and me. Darlene really took the time to explain all the different options for us and what the pros and cons were for each option. We never felt pressured to purchase anything, instead we felt that she really had our well-being in mind and that she was willing to go the extra mile to get us an excellent insurance policy that works for our family. She was friendly, helpful, and professional every step of the way. I would recommend her for anyone looking for information on insurance or investments.
Darlene really took the time to explain how life insurance could better our lives, protect our future and how really simple it is. My husband and I had been putting off the idea of obtaining life insurance for years, afraid of how daunting it sounded and what to expect (afraid). I really did not want to open to this idea, but once she sat us down, reviewed our options and explained how it works, we were totally at ease. Darlene took the time to understand our concerns, lifestyle and goals - and we were all on the same page when it came to choosing which portfolio was right for us.
Darlene has played an integral role in building my personal financial well-being through TFSA' and RRSP's. She was always available to answer my questions and do the legwork to ensure I would be comfortable with my investments. Being a young person I knew very little of investments, Darlene put my mind at ease and has me on a successful investing path.