omega stewardship (8)

Dividend Time Year End 2020

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DIVIDEND TIME YEAR END 2020 

It's that time of year to check out estimated Dividends. I started looking at over the last couple months at the trends to get some perspective of the tax burden we will be facing, it's going to be more than 2019, It's Dividend Time ! 

Common  theme I am seeing in communications from our portfolio managers and fund companies,  Q: Why are the estimated distributions relatively high ?

Well, volatility, and many companies have been profitable during the plandemic. So trading creates capital gains dividends, profits create income type dividends. We will see higher dividends this year, depending on your asset class and type of portfolio, 2-4% will not be uncommon in many portfolio's. If you have done a lot of trading or your manager has, expect taxable capital gains, if these are significant, some planning may be in order, or at a bare minimum a resolve to be a happy tax payer, I know a couple who are.  This is brief update, everyone will be different. Just a "Heads Up",  thankfully it's been a good year for peoples investments for the most part. Around the world, it's been a little rough lok at Spain and Russia, US pretty good , Canada not even on the list.  This link I found gives a bit of perspective.

https://luckboxmagazine.com/trends/best-and-worst-global-stock-markets-in-2020/

Remember, celebrate dividends, means business was good for the most part, only downside, you will need to share some of them with the government and they need the money, also remember dividends have already had taxes paid on them by the companies owned, so there is some tax advamatges of receiveing income that has been pretaxed, not going into the details, that will be a whole new topic, I will probably find a few articles that explain it so much better than I can. The important thing here is to be aware. 

So, Perhaps will dive a little deeper on this topic going forward.  Search the site at the top right corner for keyword Dividends for other posts in the past and in the future.

Also check the comment section for articles regarding the topic 

As a member , if you come across a relevant article , please post in the comment section, so we can all benefit

Thank you

TLR 

 

 

 

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Legacy Evolution Hot Links

 
LEGACY: Evolution of Estate Planning
Virtual Summit Series

 

November 18, 2020 – My Legacy: Envision, Build, Communicate and Live Your Best Legacy

 

A. Director, Legacy at Toronto Foundation https://torontofoundation.ca/

B.  Everyday Legacy: Lessons For Living With Purpose, Right Now.

 https://www.everydaylegacy.com/livingyoureverydaylegacy:findingpurposeevenintimesofuncertainty

 

Your Tool For Clear And Intentional Generosity   https://thesignatry.com/

DON’T LET FAMILY STORIES BE LOST AND FORGOTTEN  https://paragonroad.com/   

This is a great download   https://paragonroad.com/5stories/

 


November 25, 2020 - Business Legacy: Creating A Responsible Legacy
 
 December 2, 2020 – Your Evolving Legacy: Honoring and Protecting the Wisdom of Your Legacy
 
December 9, 2020 – Boomer to Zoomer Legacy: Legacy Excellence for All of Life’s Stages
 
 December 16, 2020 – Barrier Free Legacy: Legacy Planning for People with a Disabilit

 

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Engaging Training Energy

PEAK Disclosure - Click to Energize Your Knowledge

Great article came intoday that we should review to be able to do our best when engaged in training and learning online ~ TLR

 

https://blog.commonwealth.com/keeping-everyone-engaged-tips-for-virtual-training

 

Give Energy, Get Energy

If people aren’t paying attention to you, it’s hard to keep your own energy levels high—and keep the class engaged. In an in-person class, you could walk around the room to make connections and get people’s attention. But with everyone on mute, it’s difficult to reclaim energy, feed off it, and put it back into the presentation. You need to give energy to get it back. The class will follow. Here’s how to keep the energy going from start to finish from your computer.

Break the ice. As folks filter in, I engage in light, sometimes funny banter that gets people used to speaking and feeling more comfortable. This starts the class in a welcoming way and helps build a connection.

View your voice as a powerful tool. Your voice conveys your excitement—or lack thereof. My virtual presentation voice has more varied highs and lows. It’s much more demonstrative. When one of my questions gets answered, I give very enthusiastic responses, such as “Boom! That’s right!” or “Fantastic answer!”

Give an incentive for responding. Five seconds of silence in a virtual setting is an eternity. I let trainees know I’m cool with letting the uncomfortable silence go on as long as it needs to. This almost always prompts responses because most people hate silence. If that doesn’t do it, I simplify my questions and suggest answers to keep the responses coming.

 

......    https://blog.commonwealth.com/keeping-everyone-engaged-tips-for-virtual-training

 

 

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Global Retirement Attitudes

https://www.visualcapitalist.com/global-attitudes-towards-retirement/

 

interesting chart . Looks like most are not prepared and will have to work into retirement.  

 

Call us either way, we can help you keep on track, set some goals, and maybe help you dream and implement some tax smart strategies and give you some peace of mind.

 

Let’s make sure your making the right turns and are on track.  

No need to do this alone, we got you covered while you explore your life, the worlds gotten smaller. 

3660513495?profile=RESIZE_710x

 

 

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Homework Dec 28 2019

Let’s bring more value to our clients 

 

http://advisoranalyst.com/glablog/2018/12/27/dan-richards-how-to-be-the-most-valuable-advisor-to-clients.html/

#1 Trusted Advisor

- able to talk about the things that really matter the most 

- like, why your wealth matters

Reflecting ”it’s why we help families achieve life’s major goals”

#2 Network Access

- I have lived in this region for most of my adult life, I do have a large network of contacts in various areas that can benefit our clients should a need come up, we can connect you

 http://advisoranalyst.com/glablog/2018/12/28/dan-richards-how-to-be-the-most-valuable-advisor-to-clients-part-two.html/

 

#3  Specialization

- excelling in client segmentation is the hallmark of top advisors. Your able to demonstrate your core values in your stories that people can relate to. This brings value to the relationship. 

We have developed relationships with Family’s that have businesses. Those that have an entrepreneurial insight that in many ways flows from our tax business. We have a lot of legacy clients and referrals from this foundation built over the last thirty years. We need to get better at telling our story. We have reduced risk by providing SRI practices in our investment solutions and portfolios that use pension management asset allocation processes. Stable returns with less risk. All this reduces risk, providing confidence and word of mouth opportunities to share what we have done, all within a confidential environment. Our team continues to grow and specialize within the different areas we discover are important to Achieve Life’s Major Goals. 

 

Timothy L. Ross Family Advisor © , Since 1988

Helping Families Achieve ...Life’s Major Goals ©

OMEGA STEWARDSHIP ©
* One Stop Process Driven Approach for Retirement & Income Planning
* Personalized Tax Management Solutions for Individuals & Business Owners
* Confidential Wealth Management Solutions 

Mutual Funds  through PEAK Investment Services Inc.

 Brock Shores Financial 
#ImprovingFutures

We help families plan and implement strategies to accomplish "Life's Major Goals"

  • Tax Smart Planning & Investing
  • Worry Free Retirement
  • Education of Our Children & Grandchildren
  • Quality Care For Our Parents
  • Meaningful Financial Help For Our Loved Ones
  • Meaningful Legacy

 

Markets - Tuna is basically on sale

 

 http://advisoranalyst.com/glablog/2018/12/28/a-bakers-dozen-reasons-why-stocks-can-tactically-rally-from-here.html/

 

Things that “could” happen

http://advisoranalyst.com/glablog/2018/12/28/kass-10-surprises-which-could-spike-the-market-5-in-one-day.html/ 

 

Reviewing my farm paper, I came across this resource and encouraging place #RootedInStrength http://www.domore.ag

What greater gift than the love of a cat. ~ Charles Dickens 
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Cool Words - Harbinger

Cool Words - Harbinger

Definition

1 : one that initiates a major change : a person or thing that originates or helps open up a new activity, method, or technology : pioneer

2 : something that foreshadows a future event : something that gives an anticipatory sign of what is to come

Did You Know?

When medieval travelers needed lodging for the night, they went looking for a harbinger. As long ago as the 12th century, harbinger was used to mean "one who provides lodging" or "a host," but that meaning is now obsolete. Later on, harbinger was also being used for a person sent ahead of a main party to seek lodgings, often for royalty or a campaigning army, but that old sense has largely been left in the past, too. Those sent ahead would announce the approach of who was following behind, and that's how our modern sense of harbinger (from the Anglo-French herberge, meaning "lodgings") acquired the sense with which we are familiar today, that of something which foretells a future event.

In many ways, "Life's Major Goals" is speaking to future events in your life, the harbinger of the reason we do what we do with our process and vision of providing Omega Stewardship through our Family Office, here at Brock Shores Financial ~ TLR

We help families plan and implement strategies to accomplish "Life's Major Goals"

  • Tax Smart Planning & Investing
  • Worry Free Retirement
  • Education of Our Children & Grandchildren
  • Quality Care For Our Parents
  • Meaningful Financial Help For Our Loved Ones
  • Meaningful Legacy

I came across this cool video with Morgan Freeman in it, enjoy, looks like he is on adventures that can only e achieved in a Worry Free Retirement 

https://www.youtube.com/watch?v=p_gv6fRejLM&index=32&list=PLhhVyaUmOQupOP7yTxqUkV1H662iKKjH0

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OMEGA STEWARDSHIP ®

I am often asked what is Omega Stewardship ® ? 

There is a number of trademarks that I have created since starting the business back in 1988. They represent the idea that we can somehow condense what we do in a few words. The goal is that it helps people understand what we do quickly and to the point. It's an incredible idea to think one can do that, considering everything that we do. This process is certainly not unique to our business, and for business owners, employee's, volunteers of charities etc it's a great process to go through. 

I will tackle each of these as I move forward with the site and explain a little about the history and back story behind some of these words that we use to describe what we do and what we want to see , our vision, mission, and core values.

Omega Stewardship ® is one of the trademarks that I created over the years. It is a process that uses industries best practices and is a mind set of continual improvement. In it's simplest form it describes our process of what we want to accomplish, the value that we want to bring and some of the principals that we want to apply and accomplish  in all our activities of service to our clients at Brock Shores Financial. The three lines below covers the main goals that I feel will help towards the mission of #ImprovingFutures

Timothy Ross, CEO & Founder, Brock Shores Financial #ImprovingFutures

Family Office providing OMEGA STEWARDSHIP ®

* One Stop Process Driven Approach for Retirement & Income Planning
* Personalized Tax Management Solutions for Individuals & Business Owners
* Confidential Wealth Management Solutions

"Helping Families Achieve ... Life's Major Goals"®

"Where Client Goals Become Our Goals" ®

Tax and Consulting Services in Association with Timothy Ross & Associates www.TimothyRoss.com
Family Office providing Insurance Products in Association with Financial Horizons Group www.financialhorizons.com/our-story
Family Office providing Mutual Funds in Association with Professional Investments (Kingston) Inc. www.pro-invest.ca

www.BrockShoresFinancial.ca

#ImprovingFutures

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