Planning For A Business Transition

Reading a portfolio statement is a skill nobody is taught. Once you know which numbers describe what you own, which describe what it did, and which describe what it cost, the document becomes far less opaque.

Concentration risk turns up most often in people who built something. Their net worth sits inside one company, one sector, or one holding that did very well, and the first useful exercise is simply seeing it laid out in one place.

Currency is a quiet exposure in a Canadian portfolio. Holdings priced in other currencies move with the exchange rate as well as with the asset, and whether that is worth hedging depends on what the money is eventually for.

It is worth reviewing this whenever something material changes in your life. Learn more about fixed income