0 comments on “Remembrance of Faith”

Remembrance of Faith

“Dwayne … don’t ever loose your Faith.”  Uncle Carl Dobranski

Like most people, I have been Blessed with some very influential people in my life.  Some of those people are bigger than life itself.  Uncle Carl Dobranski was one of those guys.

He was a big strong man with a deep voice and huge hands.  Hands that you never wanted to be on the wrong end of.  Strong, confident and a good honest caring person.  He grew up on a farm, and raised his family on a farm.  Our farm was just down the road from his farm.  He was one of those guys you always wanted on your side, and you never wanted to let him down.  Just like he never let all of us down.

Uncle Carl served overseas during World War II.  From what I understand, he served for most of the war, signing up early and staying until the end.  When he came back he was like most that came back, he lived not to tell about it.

I used to enjoy sitting down and having a sip or two with him.  He would share stories and we’d laugh.  I loved the fullness of his laughter.  He would tell me how much he loved my Dad, and how much he missed him.  It was good to know someone else felt like I did.  He would always make sure that I left a little bit smarter than before we sat down.

On one of those visits, after a couple of sips of course, he opened up for the first time to me about the war.  He never went into any of the horrible memories that he must have had.  All he did was tell me in his deep voice that through all the hell, chaos, turmoil, confusion, despair and the feeling of vulnerability, he never lost his Faith.  He told me the only thing that got him through all that hell was his Faith.

He then looked at me and said … “Dwayne, don’t ever loose your Faith”.

I remember the feeling I had of never wanting to let him down.  I felt the pressure at that very moment when I wasn’t sure if I could make that big of a promise to him.  The confusion that I also felt, as the wheels of my mind were turning, wondering how on earth he could have maintained his Faith in what I could only imagine was total hell.

Uncle Carl passed away in 2000 at the age of 83.  It was an honour for me to be one of the six individuals to carry Uncle to his final resting place, next to his loving wife Auntie Mary.

I often think back to those words that Uncle taught me … “don’t ever loose your Faith”.

For a long time I believed that the meaning of having Faith meant going to Church to prove that I have Faith.  And when you are there give generously, that always proves you have Faith.  Be sure that everyone knows just how much Faith you have!

But what I am beginning to realize is that the Faith that Uncle was talking about wasn’t these secular types of beliefs.  Sure he believed in going to church, and in Christianity, and his Faith in Jesus Christ was an extremely important part of his spiritual beliefs.

What I am realizing is that Faith is not a tangible item that you just show up for.  Tangible Faith beliefs, are beliefs that are created by us humans who are challenged by our own personal valuation of Faith. Just like all of us are from time to time.  There must have been times that even Uncle Carl must have had his Faith challenged.

I believe that the lesson Uncle Carl was teaching me that day was to have Faith that God loves me.  That my Family loves me.  And that I have to love me.  Without Faith that you are loved, Faith is very easily lost.  At the same time that we find it difficult to love ourselves, we loose Faith in ourselves.  When we don’t love ourselves, we make it difficult for others to love us and have Faith in us.  Yes, even God must be challenged to have Faith and to love some of us some of the time!

On the battlefields of Europe, where it was so difficult to find love, those that survived had Faith that their Higher Power, their God, loved them.  That was what got many of them through those dark horrible days.

At this time leading up to Remembrance Day let us give thanks to those who have served.  Take time to honor those who have never let us down.  Express our heartfelt gratitude for their giving.

Let us have Faith that love will always prevail over evil.  Let us have Faith in each other.  Let us have Faith in our Higher Power, your God whoever that is to you.  Let us always have strength to love the you that you are.  Lest We Forget.


Complete the following to contact Dwayne.


In Flanders Field the poppies blow…..


 

1 comment on “Chartered Financial Divorce Specialist”

Chartered Financial Divorce Specialist


 

The Academy of Financial Divorce Specialists is pleased to announce, Dwayne Fedoriuk, has been granted the Chartered Financial Divorce Specialist (CFDS) designation following successful completion of an extensive training program, including case study examinations.

Only those with recognized designations, such as, a Certified Financial Planner (CFP), Chartered Life Underwriter (CLU) or Accountant (CPA) are permitted to earn this advanced accreditation which involves a detailed analysis of the many financial aspects of separation and divorce incorporating the use of specialized computer software.

A Chartered Financial Divorce Specialist has the expertise to provide a professional financial analysis for future lifestyle considerations.  The traditional method of equal division of assets is often unsatisfactory in its outcome.  An after-tax financial scenario displays the consequences of one’s decision, which is invaluable.  A CFDS is skilled in illustrating options for different financial situations with projections from a minimum 15 years through to retirement and beyond.

An issue of Money Planner magazine states “increasingly, financial advisors, particularly those qualified as Chartered Financial Divorce Specialists, are becoming involved in helping people through divorce.”

A CFDS can be retained directly by one or both clients and/or one or both lawyers or mediator.  A letter of engagement outlining the scope of services and cost is signed by the client(s) at the outset.  A Chartered Financial Divorce Specialist can work within litigation, collaborative or mediation process.

A Chartered Financial Divorce Specialist does not offer legal opinions or advice, but can provide valuable insight into financial matters related to divorce, such as pension plans, investments, property, insurance and budget management, etc.  The objective of a CFDS is to assist in arriving at the most adequate result after the examination of the available financial options.

Dwayne Fedoriuk, CFP, CLU, CHFC, CFDS, CHS, would be pleased to speak with you further on this topic.  He can be reached at 306-384-3321 or by email at dwayne@sageviewstrategies.com.

As well, please feel free to contact The Academy for additional information.

Linda Cartier, CFP, R.F.P., CFDS, PRP, ELP.

President – Academy of Financial Divorce Specialists

Click here to learn more about what a CFDS can do for you.



 

0 comments on “Asset Allocation is Key”

Asset Allocation is Key

The Modern Portfolio Theory

Asset allocation is the process of determining how your investment portfolio should be invested among the different asset classes, based on your risk tolerance and your financial goals. It involves diversifying or spreading your investments across these asset classes in order to maximize potential returns while minimizing risk.  Simply put, it is the practice of keeping your eggs in different baskets.

Of course in financial matters we are not dealing with eggs.  Instead we are dealing with money.  And to be specific, we are dealing with investments in particular.  Investments come in three basic types or Core asset classes:

  • Stocks
  • Bonds
  • Money Market.

There are also several Non-Core investments:

  • Real Estate
  • Resources
  • Other High Quality Private Investments
*These Non-Core investments usually exist outside of the typical public offerings.

Basically the principal of diversification says that you should have a little in each of these to diversify yourself against risk of the stock market and whatever else might happen in life.

If all your money is invested in one sector of the economy or one region of the world, your investment returns are completely tied to its performance.  By spreading your money around in investments of various kinds (for example – lower risk and high risk; short term and longer term; blue chip and smaller companies), you reduce some of your risk because gains in one area can offset losses in another.  Over the long term, markets over-all have increased in value.  This is the principle behind asset allocation.

The First Step to Asset Allocation – A Plan

Since asset allocation has such a tremendous impact on investment returns, it underlines the fact that developing an investment plan – one that is diversified, and compliments both your investment goals and personal comfort with volatility – is the vital first step in your personal investment strategy.

Once you know what you want to achieve and when, you can decide how to achieve it by selecting the investments that work for you.  Asset allocation helps you create a personalized investment portfolio that manages risk without unduly diminishing returns.  Asset allocation provides the potential for maximum returns with the level of risk you’re willing to accept.

The Efficient Frontier – The Strategic Approach to Asset Allocation

Modern portfolio theory was introduced by Dr. Harry Markowitz with his paper titled Portfolio Selection.  This paper appeared in the 1952 Journal of Finance.  Thirty-eight years later he shared the Nobel Prize in economics with Merton Miller and William Sharpe for what has become a broad theory for portfolio selection.

Prior to Markowitz’s work, investors focused on assessing the risks and rewards of individual securities in constructing their portfolios.  Standard investment advice was to identify those securities that offered the best opportunities for gain with the least risk and then construct a portfolio from these.  Following this advice, an investor might conclude that railroad stocks all offered good risk-reward characteristics and compile a portfolio entirely from these.  Intuitively, this would be foolish.

Markowitz formalized this intuition.  Detailing the mathematics of diversification he proposed that investors focus on selecting portfolios based on their overall risk-reward characteristics.  In a nutshell investors should select portfolios not individual securities.

Portfolio Selection

An investor’s choice of portfolio should be made based on the level of risk/volatility that the investor is willing to accept.  Remember that equities tend to be more volatile than either bonds or money market investment.  So the higher level of risk and volatility that you are willing to accept – the higher the level of equities that your portfolio will hold.

Diversification of your portfolio should not only consider asset class, but also other items, like market capitalization, consistent revenue, solid cash flow, consistent book value, solid dividend or distribution history, geographic regions, economic sectors, management style and investment style.  The goal is to increase your returns while at the same time minimizing or even reducing volatility relative to the underlying benchmarks.

What next? Stick to the plan!

Once you’ve made your asset allocation decisions and have selected investments that fit your plan, the majority of the hard work is done.  Instead of worrying when a particular asset class flounders, you can rest at night knowing that this volatility has already been accounted for in your investment plan.

By re-balancing the portfolio on a regular basis, asset allocation ensures that a hot investment does not take you beyond your tolerance for volatility.

How many people do you know who panic and sell their investments after they drop in value, only to buy the latest hot performer? They are buying high, and selling low – the exact opposite of what you want to do.

Asset allocation preaches time, patience, ease of management and long-term results; it is a balanced and rational approach designed to bring some order to an unpredictable economic environment.  Once implemented, the primary virtues required of the investor are the patience and discipline necessary to stick to a plan.


For more information on our Investment Planning Strategy contact our office.

0 comments on “Roots”

Roots

Knowing where you came from … where your roots were planted … where they were originally allowed to grow … allows you to go farther than those without an understanding of their roots.

Your language, traditions and core beliefs originated from those roots.  While those roots may not be perfect, from there you grow your own roots.  Be proud of those roots … they are yours.

Keep your own roots firmly and deeply planted, even while others try to dig them up and pull them out.  Those that attempt to do so, only do so out of their own weakness, their own evil, their own rotten roots.

Be proud of the knowledge that you possess as a result of those roots, whether that knowledge is good or bad.  Learn from that knowledge and apply that knowledge to the growing of your own roots.  The roots that your family will grow from.

Be kind to those roots, protect them and defend them.  It is from those roots that a successful life’s journey is dependent upon.

Enjoy the Journey!



0 comments on “The Sacrificial Marriage”

The Sacrificial Marriage

Have you ever heard the saying that ‘in order to have a successful marriage you must make sacrifices’?  How about ‘In order to appease the other partner you must make sacrifices’.  Or ‘to make your partner happy sometimes you must sacrifice what makes you happy in order for the other person to be happy’.

This kind of sounds like relationship requirements of the dark ages.  Back when the man controlled the relationship and the woman was there to appease the man.  A relationship that really wasn’t a relationship – it could be considered more of an ownership.  ‘You will honor and obey your man until death do you part’, pretty heavy commitment!

Is that really what it takes to have a successful relationship?

I had the great honor of being the Master of Ceremonies (MC) for my sister’s 25th Wedding Anniversary.  My sister and her husband are a great couple.  They haven’t always had it easy, but they have worked hard to become very successful.  When I say very successful I don’t mean they have become financially wealthy.  They have become wealthy in the true sense. They have a solid relationship, great career and business, strong spirituality and  they have three wonderful children.  They lead a very balanced life and it comes through in their relationship.

Following the traditional speeches, toasts and kind words it was time for me to close the ‘ceremonies’ so we could get to the dancing and celebrating part of the evening.

In my closing remarks I couldn’t resist but ask the 200 plus attendees to answer this question by a show of hands.  The question – ‘In order to have a successful marriage do you need to make sacrifices?’  Roughly 75% to 80% of the people put up their hands in agreement.  Yes you MUST make sacrifices.

I found this very interesting.  Especially after listening to the speeches and the accolades that everyone made about the couple that we were there to celebrate with.  None of the speeches talked about the sacrifices that they had to make in order to have a successful marriage.

Everyone spoke about the value of the friendship the couple possessed.  How they worked together to raise such a lovely family.  How proud their parents would be of them for what they have accomplished.  How they have accomplished so much in the past 25 years together.  And yet after all these comments the attendees felt very strongly that you have to make sacrifices in order to have a strong relationship.

Earlier that day I saw a poster that was completed by the Catechism class in the Church that we celebrated a renewal of their marriage vows.  A Catechism class is made up of young children. Across the top of of the poster it said ‘What is Love?’.  Then it had a few points below that defined Love in the minds of those children.  Some of the points were – Caring, Sharing, Helping, Fondness, Adoring and Respect.

Interesting that the word sacrifice was not on their list of how to define love.  Is it not love that is needed to have a strong relationship?  And if it is love, and if sacrifice doesn’t define love, then why do we feel that we must sacrifice to have a strong relationship.  Marriage is a Sacrament – sacrifice is not a Sacrament.

There will always be give and take – give and take is required to reach a common goal.  Give more and take less.  A strong relationship is 100/100.  Divorce is 50/50.

The common goal should be a strong loving relationship.  Not a relationship where you must sacrifice your core beliefs just to make the other person happy.  Nor should you demand that your partner make sacrifices so that you can gain what you want out of the relationship, in order to fulfill your selfish desires.

A relationship that is built on how the Catechism class defines love will always be stronger than the relationship that is built on sacrifices.


Dare you to Follow Me!

0 comments on “The Esteem That You Are”

The Esteem That You Are

 

“Growing your self esteem is the foundation of growing your relationships with all that you want in your life. Not because someone is watching … because you are watching.”


Self-Esteem is the reputation that you have with yourself.

Other-Esteem is the reputation that you try to gain from other sources than yourself.

Growing your self esteem grows the reputation that you have with yourself.  The reputation that you see and most others do not.  Depending on other esteem to grow your self esteem is usually a short term resolution to a long term necessity.  Self esteem is a long-term necessity.  Without self esteem, it is nearly impossible to have Faith.  In order to have Faith you need to stand for something, to have boundaries.

The stronger your self esteem, the stronger and more dependable your personal boundaries will be.  Having strong boundaries does not mean that you are arrogant.

‘Self’ is a person’s essential being that distinguishes you from others.

‘Esteem’ is respect and admiration, typically for a person.  Self esteem then, is the respect and admiration that you have for yourself

‘Arrogant’ is defined as having or revealing an exaggerated sense of one’s own importance or abilities.

Possessing a low self esteem would then mean that you have a low admiration of yourself.  A low belief in your essential being.  The being that you are.

Is the being that you are a butterfly or a mosquito?

A butterfly is graceful, beautiful and colorful.  Butterflies are difficult to catch.  If you do catch one, they are soft and confident when touched.  They spread life to plants.  They are an expression of love to humans.  They share hope.  They are respected and admired.

Mosquitoes on the other hand are arrogant.  They attack others.  They suck from others.  They spread disease.  They lack grace and they replace confidence with aggressiveness.  They possess few qualities that humans want.  And they are easily swatted and killed.

Would you rather be surrounded by butterflies or mosquitoes?

By Dwayne Fedoriuk

“Float like a butterfly and sting like a bee!” – The Greatest of All Time…Muhammad Ali



0 comments on “Financial Planning”

Financial Planning

Working with a Certified Financial Planner (CFP) will help you develop an effective financial plan.

Personal financial planning focuses on you as an individual – bringing together all the financial and psychological factors that have an impact on your life.

A well-designed financial plan will help you reach your personal financial goals and objectives, and give you a greater sense of security.

Many people call themselves financial planners, but the true professional financial planning practitioner uses the Total Financial Planning Process, which is made up of six distinct steps.

  1. Helps you clarify your present situation by collecting and assessing all relevant financial data – assets and liabilities, tax returns, records of securities transactions, insurance policies, wills and pension plans.
  2. Helps you to identify financial and personal goals and objectives, and also to clarify your financial and personal values and attitudes.
  3. Helps you to identify financial problems that can create barriers to your financial independence.
  4. Provides you with written recommendations and alternative solutions. These should be structured to meet your needs without undue emphasis on purchasing specific products.
  5. Assists you to implement the right strategy to ensure that you reach your goals and objectives.
  6. Provides a review and revision of your plan to ensure that you achieve your goals.

How do you know if you need to work with a Certified Financial Planner?

People hire financial planners for many reasons. These questions may help you decide if you need professional financial advice.

  • Do you have the time to attend to your personal financial affairs?
  • Are you confused about conflicting financial advice from several sources?
  • Do you feel you are paying too much tax?
  • Are you confused about where to invest your money?
  • Do you feel that you can’t make ends meet?
  • Do you feel that you can’t save any money?
  • Has there been a recent change in your life that could affect your financial future, such as retirement, job loss, an inheritance, an addition to your family, or loss of your spouse?

For more information on our Financial Planning Strategy contact our office.

0 comments on “Asset Allocation is Key”

Asset Allocation is Key

What is the Modern Portfolio Theory?  Asset allocation is the process of determining how your investment portfolio should be invested among the different asset classes, based on your risk tolerance and your financial goals. It involves diversifying or spreading your investments across these asset classes in order to maximize potential returns while minimizing risk.  Simply put, it is the practice of keeping your eggs in different baskets.

Of course in financial matters we are not dealing with eggs.  Instead we are dealing with money.  And to be specific, with money we are dealing with investments in particular.  Investments come in three basic types or asset classes: Stocks, Bonds and Money Market.

There are also several Non-Core types of investments like Real Estate, Resources and other high quality private investments that exist outside of the typical public offerings.  Basically the principal of diversification says that you should have a little in each of these to diversify yourself against risk of the stock market and whatever else might happen in life.

If all your money is invested in one sector of the economy or one region of the world, your investment returns are completely tied to its performance.  By spreading your money around in investments of various kinds (for example – lower risk and high risk; short term and longer term; blue chip and smaller companies), you reduce some of your risk because gains in one area can offset losses in another.  Over the long term, markets over-all have increased in value.  This is the principle behind asset allocation.

The First Step to Asset Allocation – A Plan

Since asset allocation has such a tremendous impact on investment returns, it underlines the fact that developing an investment plan – one that is diversified, and compliments both your investment goals and personal comfort with volatility – is the vital first step in your personal investment strategy.

Once you know what you want to achieve and when, you can decide how to achieve it by selecting the investments that work for you.  Asset allocation helps you create a personalized investment portfolio that manages risk without unduly diminishing returns.  Asset allocation provides the potential for maximum returns with the level of risk you’re willing to accept.

The Efficient Frontier – The Strategic Approach to Asset Allocation

Modern portfolio theory was introduced by Dr. Harry Markowitz with his paper titled Portfolio Selection.  This paper appeared in the 1952 Journal of Finance.  Thirty-eight years later he shared the Nobel Prize in economics with Merton Miller and William Sharpe for what has become a broad theory for portfolio selection.

Prior to Markowitz’s work, investors focused on assessing the risks and rewards of individual securities in constructing their portfolios.  Standard investment advice was to identify those securities that offered the best opportunities for gain with the least risk and then construct a portfolio from these.  Following this advice, an investor might conclude that railroad stocks all offered good risk-reward characteristics and compile a portfolio entirely from these.  Intuitively, this would be foolish.

Markowitz formalized this intuition.  Detailing the mathematics of diversification he proposed that investors focus on selecting portfolios based on their overall risk-reward characteristics.  In a nutshell investors should select portfolios not individual securities.

Portfolio Selection

An investor’s choice of portfolio should be made based on the level of risk/volatility that the investor is willing to accept.  Remember that equities tend to be more volatile than either bonds or money market investment.  So the higher level of risk and volatility that you are willing to accept – the higher the level of equities that your portfolio will hold.

Diversification of your portfolio should not only consider asset class, but also other items, like market capitalization, consistent revenue, solid cash flow, consistent book value, solid dividend or distribution history, geographic regions, economic sectors, management style and investment style.  The goal is to increase your returns while at the same time minimizing or even reducing volatility relative to the underlying benchmarks.

What next? Stick to the plan!

Once you’ve made your asset allocation decisions and have selected investments that fit your plan, the majority of the hard work is done.  Instead of worrying when a particular asset class flounders, you can rest at night knowing that this volatility has already been accounted for in your investment plan.

By re-balancing the portfolio on a regular basis, asset allocation ensures that a hot investment does not take you beyond your tolerance for volatility.

How many people do you know who panic and sell their investments after they drop in value, only to buy the latest hot performer? They are buying high, and selling low – the exact opposite of what you want to do.

Asset allocation preaches time, patience, ease of management and long-term results; it is a balanced and rational approach designed to bring some order to an unpredictable economic environment.  Once implemented, the primary virtues required of the investor are the patience and discipline necessary to stick to a plan.


For more information on our Investment Planning Strategy contact our office.