We talk a lot about growing our net worth as Canadians, but what about actually protecting our assets from threats like fraud?

So, I thought we’d get some security experts on the show to teach us some best practices when it comes to protecting ourselves and our family, especially when it comes to our finances, here in Canada.

They are part of the security teams at the largest bank in Canada. They have entire teams devoted to security and invest a lot of time and money to ensure that they and their clients are following the best practices.

Today, you and I are going to learn what we can do as regular Canadians, to best protect ourselves.

Our first guest is Kevin Purkiss who is the Vice President of Fraud Management at RBC. He leads the team responsible for managing RBC’s fraud capabilities, and helps protect the many thousands of Canadians that they serve.

Next, we have Kevin’s colleague, Vice-President, Shekher Puri, who’s going to take us through some additional best practices that you and I should be using, to enhance our security, especially when it comes to our finances.

And now let’s jump in to learn what you and I should be doing to better protect ourselves.

When it comes to managing our investment portfolios, there are definitely some mistakes that are easy to make, and ones that a lot of Canadian investors tend to do.

In this episode, we have Peter McMurtry on the show who is going to take us through what the common mistakes are that Canadian investors tend to do, as well as the best practices that he's noticed from his 30+ years in the investing industry.

One of the things Peter does is portfolio reviews for his clients, so I wanted to pick his brain on the common mistakes that he sees investors make when he reviews their portfolios so that you and I can be sure to avoid those mistakes in our own portfolio.

On the flip side, he’s also worked with clients that are successful investors, and after doing this for 30+ years, one begins to notice certain patterns about what the successful investors do, that the unsuccessful don’t. We go into these best practices that he’s noticed over the years from these successful investors, so that we can apply these lessons ourselves.

Enjoy the show, and you can get the show notes and resources over at BuildWealthCanada.ca

Wishing you all the best,

Kornel

With inflation slowing down here in Canada, we are starting to hear talks about the Bank of Canada no longer planning to increase our interest rates, or maybe even lowering them.

This can have an impact on your investment portfolio, particularly if you hold bonds, because remember there is that inverse relationship between interest rates and bonds, where increases in the interest rate tend to lower the value of the bonds that you hold in your portfolio. On the flip side, if the Bank of Canada lowers our rates, you can expect your bonds to increase in value.

Apart from your investments, the interest rate can of course have a substantial impact on your month-to-month cashflow, when it comes to things like mortgages as well as the real estate market in general.

So, with Spring just around the corner and the real estate buying and selling season about to kick-off, I thought it would be great to have our Resident Mortgage Expert, Sean Cooper back on the show to discuss:

-What Canadians should be thinking about when it comes to their mortgages right now.

-Should you do a fixed rate or variable rate mortgage if you’re buying a home or have a mortgage coming up for renewal?

-What if you’re considering locking in your mortgage to a fixed rate?

The optimum answer for all of this can change for you depending on what is happening in the market right now and your own situation, so Sean takes us through the different things you should consider.

You’ll also learn, what your options are if you find a better mortgage than what you have right now. What if the rates do drop and you’re now able to get a less expensive mortgage? Can you switch? What can the penalties be? And, can it be worth it to pay those penalties if you find a better mortgage?

In case this is your first time hearing Sean on the show, he is the show’s Resident Mortgage Expert and who I go to and who I send friends and family to for any mortgage related questions.

Sean is the bestselling author of the book, Burn Your Mortgage: The Simple, Powerful Path to Financial Freedom for Canadians.

He is also an independent mortgage broker and has made himself available to help answer mortgage related questions to listeners of the Build Wealth Canada Show.

If you have any questions, or are just looking to get a shortlist of the best mortgages that he’s been able to find in Canada (since he’s constantly on the lookout for the best mortgages), you can reach out to him over at buildwealthcanada.ca/sean.

And now, let’s get into the interview.