Trusted Tips and Resources

Trusted Tips & Resources

Trusted Regina Financial Advisors at Worby Wealth Management Shares Information About ESG Investing

Chris Worby is a Trusted Regina based financial advisor and Wealth Management services provider. With over 20 years of experience, Worby Wealth Management has been committed to providing a high standard of financial service to individuals, families and business owners in Regina and area. Worby Wealth Management listens and provides a personalized financial plan. In their latest Worby Wealth Management Trusted Regina Financial Tip, Chris Worby shares information about ESG Investing.

ESG Investing - What it is and is it a good thing to do?

What is ESG?

ESG investing, also known as sustainable investing or socially responsible investing (SRI), is an investment approach that takes into account environmental, social, and governance factors when making investment decisions. It goes beyond traditional financial analysis and considers the impact of a company’s operations on various stakeholders, including employees, customers, communities, and the planet.


The “ESG” acronym represents the following:

  1. Environmental: This refers to a company’s impact on the environment, such as its carbon footprint, resource usage, pollution levels, and commitment to renewable energy.
  2. Social: This category focuses on a company’s relationships with its employees, suppliers, customers, and communities. It considers factors such as labour practices, human rights, product safety, diversity and inclusion, and community involvement.
  3. Governance: Governance relates to a company’s leadership, structure, and policies. It assesses aspects such as board independence, executive compensation, shareholder rights, transparency, and ethics.
ESG investing aims to generate financial returns while also considering the broader impact of investments on society and the environment. It allows investors to align their financial goals with their values and promote positive change.


Whether ESG investing is a good thing to do is subjective and depends on individual perspectives and goals. Here are some points to consider:

  1. Alignment with values: ESG investing provides an opportunity for individuals and institutions to invest in companies that align with their values and support causes they care about, such as sustainability, social justice, or clean energy.
  2. Long-term risk management: Companies with strong ESG performance may be better equipped to manage risks and capitalize on emerging opportunities. Assessing ESG factors can provide insights into a company’s resilience, reputation, and potential for long-term success.
  3. Performance considerations: There is a growing body of evidence suggesting that companies with robust ESG practices can deliver competitive financial performance over the long term. However, it’s important to note that financial returns can vary, and not all ESG investments will outperform traditional investments in every period.
  4. Impact on society and the environment: ESG investing can encourage companies to adopt more sustainable practices, improve social outcomes, and reduce negative environmental impacts. By directing capital towards responsible companies, investors can potentially contribute to positive change.
  5. Measurement and transparency challenges: ESG investing faces challenges related to standardization, measurement methodologies, and disclosure practices. It can be difficult to compare and evaluate ESG metrics across companies, which may hinder the effectiveness of investment decisions.
Ultimately, the decision to engage in ESG investing should consider personal values, financial goals, and risk tolerance. Working with a Trusted Regina Wealth Management Advisor who understands sustainable investing can help navigate the complexities of ESG investing and align investment strategies with your individual preferences. Contact Worby Wealth Management Regina so we can review your investment needs today.

Some of the services that Worby Wealth Management can help you with: 


TRUSTED REGINA FINANCIAL ADVISOR Chris Worby from Worby Wealth Management helps you live your dream!

 

The comments herein are a general discussion of certain issues intended as general information only and should not be relied upon as tax or legal advice. Please obtain independent professional advice in the context of your particular circumstances.  This Blog was written, designed and produced by  Chris Worby for the benefit of Chris Worby, a Financial Advisor at Worby Wealth Management, a registered trade name with Investia Financial Services Inc., and does not necessarily reflect the opinion of Investia Financial Services Inc.  The information contained in this article comes from sources we believe are reliable, but we cannot guarantee its accuracy or reliability.  The opinions expressed are based on an analysis and interpretation dating from the publication date and are subject to change without notice.  Furthermore, they do not constitute an offer or solicitation to buy or sell securities.  Mutual Funds approved exempt market products and/or exchange-traded funds are offered through Investia Financial Services Inc.

Trusted Regina Financial Advisors at Worby Wealth Management Explain RRSPs

Chris Worby is a Trusted Regina based financial advisor and Wealth Management services provider. With over 20 years of experience, Worby Wealth Management has been committed to providing a high standard of financial service to individuals, families and business owners in Regina and area. Worby Wealth Management listens and provides a personalized financial plan. In their latest Worby Wealth Management Trusted Regina Financial Tip, they share details about Registered Retirement Saving Plan (RRSPs).

Registered Retirement Saving Plans (RRSPs)

By Chris Worby - May 2023

A Registered Retirement Savings Plan (RRSP) is an investment that is registered with the Canada Revenue Agency (CRA) which allows for the deferring of taxes owed on the money contributed and any investment income earned until future years when the funds are withdrawn.  

RRSP Contributions 

The money you contribute to an RRSP now allows you to reduce the income you pay tax on for the previous taxation year. 2 months into the next calendar year is the usual deadline to invest into RRSPs for the previous taxation year.  That means January and February is the perfect time to invest in an RRSP for the previous tax year.


“Wait, did you mean now as in now, or as in now… eh I’ll get to it soon now?”  

That  old adage is never more relevant – 

" The best time to invest was 50 years ago… the second best time to invest is right now! "

The 2022 limit is $29,210 or 18% of your earned income reported on your 2021 tax return (whichever is less), minus any employer-sponsored pension plan contribution, plus any unused contribution room from previous years.  Check your most recent CRA Notice of Assessment (NOA) to determine your limit.  


Age Limits

No minimum contribution age exists, but you must have earned income reported to CRA.  At Worby Wealth Management, we’ll never promote child labour; regardless, my children seem to think spending time on Roblox counts as performing a household chore. 

The sooner you start contributing to your RRSP, the better to take advantage of the power of compounding.  Contributions can be made until you turn 71, when they must be converted to an RRIF, or you must purchase an Annuity.


Investment Choices

Various investments can be held in an RRSP, including cash, GICs, bonds, mutual funds, ETFs and individual stocks.  However, before choosing your investment approach, it’s always best to consider Retirement, Tax, and possibly even Estate issues.


Questions regarding RRSPs? 

If you have questions about account or investment options, contact Worby Wealth Management to get your questions answered and start investing in an RRSP or other investment accounts today.


Some of the services that Worby Wealth Management can help you with: 


TRUSTED REGINA FINANCIAL ADVISOR Chris Worby from Worby Wealth Management helps you live your dream!

 

The comments herein are a general discussion of certain issues intended as general information only and should not be relied upon as tax or legal advice. Please obtain independent professional advice in the context of your particular circumstances.  This Blog was written, designed and produced by  Chris Worby for the benefit of Chris Worby, a Financial Advisor at Worby Wealth Management, a registered trade name with Investia Financial Services Inc., and does not necessarily reflect the opinion of Investia Financial Services Inc.  The information contained in this article comes from sources we believe are reliable, but we cannot guarantee its accuracy or reliability.  The opinions expressed are based on an analysis and interpretation dating from the publication date and are subject to change without notice.  Furthermore, they do not constitute an offer or solicitation to buy or sell securities.  Mutual Funds approved exempt market products and/or exchange-traded funds are offered through Investia Financial Services Inc.

Trusted Regina Financial Advisors at Worby Wealth Management Explain Inflation

Chris Worby is a Trusted Regina based financial advisor and Wealth Management services provider. With over 20 years of experience, Worby Wealth Management has been committed to providing a high standard of financial service to individuals, families and business owners in Regina and area. Worby Wealth Management listens and provides a personalized financial plan. In their latest Worby Wealth Management Trusted Regina Financial Tip, they share details about inflation.

Inflation

By Jeremiah Worby - April 2023

Inflation is when you inflate your tires with air.  Inflation is also an economic term that refers to the increase in the price of goods over time. The latter will be the focus of this article.  This increase in prices can be caused by a variety of factors, including supply and demand as well as changes in interest rates or government policy.  Inflation can make it difficult for people to plan their finances effectively because they have less purchasing power with each paycheck. 

Break it down for me

Inflation is measured using the consumer price index (CPI).  CPI is a measure of the changes in the cost of living for consumers, including food, housing, transportation, healthcare and entertainment. The CPI measures price changes for all urban consumers by calculating average expenditures for each category.


Supply and Demand

The main factors that cause inflation are supply and demand.

Supply and demand are how much of a good or service is available, and how much people want to buy at any given time.  In economics, there is only so much money in circulation (the supply).  People will spend their money on goods and services, which creates an increased demand for those goods and services – and therefore an increased price for them.


Hard to Predict

Will Tom Brady be inducted into the Hall of Fame?  Some things are easy to predict.  Inflation is not one of them as it has a big impact on the economy.  When inflation rises, it's usually because the quantity of money has increased faster than the goods and services available for purchase.  In other words, there is more money available than there are goods and services in circulation.  As a result, companies may raise their prices in order to maintain profit margins or simply keep up with rising costs associated with production.

However, if companies raise their prices too much without enough corresponding demand for their goods and services – or not enough supply of them – then inflation will decrease as people will buy less from those companies or stop buying altogether for fear that prices will continue to increase over time.  The result is often called “stagflation” (a combination of "stagnant" economic growth coupled with inflation).

Inflation can also cause decreases in employment or increases in commodity costs such as food or fuel.  This can lead consumers' purchasing power down while putting pressure on businesses' profits by reducing demand for products thus increasing unemployment across sectors.  For example: If consumers spend less time driving to go shopping due to rising gas prices, then fewer products will be sold at grocery stores or department stores which would decrease profits.


Conclusion

Inflation is a complex topic, and this article only scratches the surface (it will not scratch that impossible to reach spot on your back).  It’s important to understand how inflation impacts your personal finances, but it also affects businesses and governments as well.  Inflation can be hard to predict and can have a big impact on the economy.  The two main factors behind inflation are supply and demand.  Inflation is generally caused by an economy growing too quickly and demand for goods outstripping supply.


Questions regarding inflation? 

If you have questions about inflation or what you can do to fight against it, then contact Worby Wealth Management to get your questions answered and start investing today.

 

Some of the services that Worby Wealth Management can help you with: 


TRUSTED REGINA FINANCIAL ADVISORs Chris & Jeremiah Worby from Worby Wealth Management help you live your dream!

 

The comments contained herein are a general discussion of certain issues intended as general information only and should not be relied upon as tax or legal advice. Please obtain independent professional advice, in the context of your particular circumstances.  This Blog was written, designed and produced by Jeremiah Worby and Chris Worby for the benefit of Jeremiah Worby and Chris Worby who are Financial Advisors at Worby Wealth Management, a registered trade name with Investia Financial Services Inc., and does not necessarily reflect the opinion of Investia Financial Services Inc.  The information contained in this article comes from sources we believe reliable, but we cannot guarantee its accuracy or reliability.  The opinions expressed are based on an analysis and interpretation dating from the date of publication and are subject to change without notice.  Furthermore, they do not constitute an offer or solicitation to buy or sell any securities.  Mutual Funds, approved exempt market products and/or exchange traded funds are offered through Investia Financial Services Inc.

Trusted Regina Financial Advisors at Worby Wealth Management Explain Bonds

Chris Worby is a Trusted Regina based financial advisor and Wealth Management services provider. With over 20 years of experience, Worby Wealth Management has been committed to providing a high standard of financial service to individuals, families and business owners in Regina and area. Worby Wealth Management listens and provides a personalized financial plan. In their latest Worby Wealth Management Trusted Regina Financial Tip, they discuss bonds.  

The Wealth Building Toolkit: Bonds

By Jeremiah Worby - March 2023

Bonds are a type of investment that can be used for both short-term and long-term goals. They're considered safer than stocks, but also have less potential for growth over time. In this article, we'll explain what bonds are and how they work as part of your investment portfolio.


What is a Bond?

OK, maybe not James Bond, but rather we’re going to talk about financial bonds.

Investopedia.com defines a bond as a fixed-income instrument that represents a loan made by an investor to a borrower (typically corporate or governmental).

Bonds tend to move opposite from share prices, which means investors often turn to bonds when they want to reduce their portfolio risk – unfortunately this wasn’t the case in 2022.  Investing in bonds can be a good thing for diversification as it offers an alternative investment class for those who want a more conservative option in their portfolios.

If you’re looking for a way to diversify your portfolio, bonds are an effective tool.  


What is a Bond Yield?

The yield, also known as the coupon rate, is the annual percentage of money provided to investors for making the loan.  In other words, it's how much interest you'll get from your bond. 

When a bond is originally purchased, there is an interest rate on it - for our example, let's say 5%. But because bonds can be bought and sold afterwards, sometimes the yield can vary because the price varies. It is a bit like a rental property, if you purchased a house for $300,000 and rent it for $15,000/yr, that's a 5% yield. But if the value of the house goes up to $400,000 but you're still only getting a $15,000 rent, then it's a 3.75% yield.

The yield on bonds is generally in response to changes in the Bank of Canada’s target for the overnight rate.  The Bank of Canada has a target for the overnight rate, which is the rate that banks charge each other for overnight loans.  This rate can be increased or decreased by the bank and this change affects all other market interest rates.  When bond yields go up and down, it usually means that interest rates are going up or down as well.


Conclusion

If you’re considering buying bonds, you might want to look at what’s happening in the market before making a purchase.  This will allow you time to do research and make a decision based on facts rather than emotions.

Remember that there is no one right answer when it comes to investing so it’s important to do the research and talk with experts before making any decision about what will work best for you and your financial situation.

Questions regarding bonds? 

If you have questions about bonds or other types of investments, then contact Worby Wealth Management to get your questions answered and start investing today.

 

Some of the services that Worby Wealth Management can help you with: 


TRUSTED REGINA FINANCIAL ADVISORs Chris & Jeremiah Worby from Worby Wealth Management help you live your dream!

 

The comments contained herein are a general discussion of certain issues intended as general information only and should not be relied upon as tax or legal advice. Please obtain independent professional advice, in the context of your particular circumstances.  This Blog was written, designed and produced by Jeremiah Worby and Chris Worby for the benefit of Jeremiah Worby and Chris Worby who are Financial Advisors at Worby Wealth Management, a registered trade name with Investia Financial Services Inc., and does not necessarily reflect the opinion of Investia Financial Services Inc.  The information contained in this article comes from sources we believe reliable, but we cannot guarantee its accuracy or reliability.  The opinions expressed are based on an analysis and interpretation dating from the date of publication and are subject to change without notice.  Furthermore, they do not constitute an offer or solicitation to buy or sell any securities.  Mutual Funds, approved exempt market products and/or exchange traded funds are offered through Investia Financial Services Inc.

CONGRATULATIONS To Worby Wealth Management - Celebrating 10 years as Trusted Regina Financial Advisors

CONGRATULATIONS, WORBY WEALTH MANAGEMENT  - CELEBRATING 10 YEARS OF TRUSTWORTHY BUSINESS PRACTICES IN REGINA 

TRUSTED REGINA RECOGNIZES OUR PARTNERS WHO HAVE BEEN TRUSTED FOR OVER 10 YEARS!




 
In this series of recognition articles, we continue to spotlight the businesses that have been Trusted Regina Partners for over ten years. The Trusted team and community recognize the Partners who joined in 2012. We want to thank them for TRUSTING our team, and we are identifying each of them individually for providing ten years of OUTSTANDING service to the citizens of Regina and the surrounding area! This latest article celebrates and recognizes Chris and Jeremiah Worby from Worby Wealth Management - Trusted Regina Financial Advisors.  

‘Worby Wealth Management will help you live YOUR Dream!’ 

Worby Wealth Management 


Finding the shortest and safest route to any of your financial dreams requires planning, and only with a carefully thought out financial plan can you be sure to make the most of your resources and protect against risks along the way. At Worby Wealth Management, Chris, Jeremiah, and the team will do their best to help you achieve those dreams with a tailored plan to your specific and unique needs and financial situation.

A HISTORY OF HELPING PEOPLE ACHIEVE THEIR DREAMS

Since 2001, Chris Worby has been committed to providing a high standard of financial service to individuals, families and business owners. Chris listens and provides a personalized financial plan. He is personally invested in helping his clients attain their goals. As a third-generation Regina financial advisor, Chris believes in taking a long-term perspective for investing. He currently holds the Financial Management Advisor designation and believes in kaizen – a Japanese term meaning ‘continual improvement.’ 

Jeremiah Worby joined the team in 2021. Through being involved in the stock markets in a non-professional setting since 2007 through personal investing; and with various positions and roles in the service industry, Jeremiah brings exceptional customer service and a willingness to share his knowledge of the investing world. Focusing on clients’ needs is his main goal in helping clients achieve their investment objectives. Born and raised in Regina, Jeremiah graduated from the University of Regina in the spring of 2002 with a bachelor’s degree in Electronic Systems Engineering.

With more than 30 years of accounting and administration experience, Janet Quevillon is the administrator for Worby Wealth Management. Her natural attention to detail is a fit for ensuring all the paperwork gets to the right places in the proper order and that all transactions proceed as planned. Having had experience in financial planning administration and owning businesses in Regina, Janet brings a unique knowledge base to her work here. Her breadth of experience makes her an excellent resource as she can understand the broader scope of administration and business instead of simply pushing paper.

Together, the Worby Wealth Management team provides the highest standard of professional and courteous service. Based on their experience and knowledge of the financial industry, the Worby Wealth Management team has devised a process that helps establish a successful investing framework called the Portfolio Management System. This allows them to guide your dreams and turn them into financial reality properly.

 

Clients know that they can count on a solid exploration of all their financial planning concerns on the path to their financial plan.


What Their Clients Say...

"When I walked in to my first appointment with Chris I knew nothing about investments or RRSPs, and he made me feel at ease and took his time explaining everything to me. I left my appointment feeling much more knowledgeable and comfortable with my finances. I met Jeremiah shortly after and he is as equally friendly! I would recommend them to anyone needing a financial advisor! " Jaki M- Google


"My mother is not very tech savvy, but Jeremiah was extremely patient and accommodating for her. He is extremely knowledgeable and has gone far above my expectations for a financial advisor. I gladly recommend Worby Wealth Management for your investment needs."- Danielle B- Google 

A word from Chris Worby. 


"At Worby Wealth, we realize there are many people licensed to give advice but few advisors. We provide purposeful, deliberate advice to our clients and guidance on how to put that advice into action. In order to do this, we spend time with our clients getting to know who they are and what they are trying to accomplish. The plans we develop are the result of significant time and intelligence brought to bear both in discovery and then in recommendations. And, of course, there is no plan without a benchmark. We will meet regularly and consistently whether the markets are up or down to determine if our strategies are working. Ultimately, anything as important as your financial future needs time – and we’ll take that time here." - Chris Worby, Founder of Worby Wealth Management.
 

A word from Sara, the Trusted Regina founder, about her experience with Chris & Jeremiah at Worby Wealth Management. 


From the first moment I met Chris Worby in 2011 I liked him! Chris exudes authentic charm, and he makes you feel at ease. I immediately knew I could trust him and that he was invested in building solid relationships with his clients. Trust is crucial in the financial services industry, and the news is littered with horror stories about dishonest advisors stealing clients' money! Even though that is rare, you have to be comfortable with the person helping you with your finances as you share your financial history and future dreams. Chris and Jeremiah excel at breaking down the acronyms and high-level stuff into bite-size easy-to-digest pieces. They want their clients to understand what they are doing for them. Their offices' are relaxed, comfortable and personalized; you can see who they are as people, which is the opposite of the ' stiff, formal three-piece suit wearing' financial advisors that spring to mind when we think of an industry stereotype. As a team, they have done an excellent job of educating Regina people on the financial industry. There are many expert tips written by them in the Trusted Regina Tip library here, and that investment has served them well as their client base has grown over the last decade as people find them online and like what they see and read! They are incredible partners, and I wish them all the best for the next ten years! "    - Sara Wheelwright 

Chris & Jeremiah, Thank you for TRUSTING the Trusted Regina team. You have provided over ten years of AMAZING service to the people of Regina & area as  Trusted Regina  Financial Advisors -. We are proud to support you and to share that they have diligently upheld the 5 TRUSTED GUARANTEES of service. It is clear that the Worby Wealth Management team provides the highest level of professional and courteous service in the Regina Financial Services Industry! 




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S & E Trusted Online Directories Inc
TrustedRegina.com
310 Wall St #209
Saskatoon, SK   S7K 1N7
Ph: 306.244.4150

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