Financial Skills for the Real World: McGill Winter 2020


Hi everyone, thanks for your interest in the Financial Skills for the Real World workshop series.

COVID-19 NOTICE:

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For those that are interested in learning more about Personal Finance in the meantime, note that I will continue to host my usual YouTube Livestreams on Thursdays at 3:00PM EDT. These are not part of the McGill curriculum and DO NOT count for any credit.

While COVID-19 needs to be taken seriously and everyone should follow the guidelines put in place with regards to social distancing, washing your hands, etc, it is also important to keep things in perspective. Some store shelves may be empty right now but the situation should fix itself over the coming days as the panic-buying subsides and people fill up their pantries with…toilet paper…apparently.

Yes, the numbers will get worse before they get better; do expect the number of cases to climb daily for at least the next month or so. Markets will be all over the place in the short- and potentially medium-term. On some days (like Friday, March 13th) some indexes may go up by close to double-digits, while on other days (like today, March 16th) prices will fall. Nobody knows the final outcome of this in terms of how many people will be affected and to what extent various industries will see their profits drop. Whenever there is some positive news, markets climb up; add a bit of negative data, and everything falls back down. This will sort itself out over the next few months to a year… roughly.

Remember: Investing is a long-term game. That’s why most experts recommend to have a time horizon of ideally at least 5 years: To ride out bad times (like the next few weeks) in the markets and broader economy.

I’ve been getting dozens of e-mails from both current and former students and have been responding to everyone as I’m going through the many messages received. If you are worried about your savings, investments, or the breakdown of society as we know it, feel free to get in touch with me. While I’m not a licensed financial advisor and can’t give you financial advice, I can provide you with some resources to put things into perspective. This is not the first time that the markets have crashed substantially, nor will it be the last. Life, and markets, always find a way to move on.

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Below you will find a number of useful resources:

Budgeting & Expense Planning (Feb. 13th 2020, 6:30-8:30PM):

  • Location: Burnside, room 1B23.
  • Workshop description & registration available here.
  • Download the slide deck.
  • FCAC Participants’ Handbook pdf available in English & Français.
  • Get the FCAC Budgeting Spreadsheet here.

Managing Your Debt (Feb. 18th 2020, 6:30-8:30PM):

Credit Scores & Identity Theft (Feb. 20th 2020, 6:30-8:30PM):

Introduction to Investing (Feb. 25th 2020, 6:30-8:30PM):

All About Pensions (Feb. 27th 2020, 6:30-8:30PM):

Taxes for International Students (Mar. 5th 2020, 9:30AM-12:00PM):

Income Taxes (Mar. 10th 2020, 6:30-8:30PM):

Investing & Taxation (Mar. 12th 2020, 6:30-8:30PM):

NOTICE: Due to the suspension of all McGill courses, workshops, and webinars, the 4 workshops taking place between March 13th and March 27th will be rescheduled at a future date. In the meantime, you can check out my YouTube Livestreams on Thursdays at 3:00PM on various Personal Finance topics.

Housing I (Mar. 31st 2020, 6:30-8:30PM):

  • Location: Webinar.
  • Workshop description & registration available here.
  • Download the slide deck.

Housing II (Apr. 2nd 2020, 6:30-8:30PM):

Investment Properties (Apr. 7th 2020, 6:30-8:30PM):

  • Location: Webinar.
  • Workshop description & registration available here.
  • Download the slide deck.

Insurance & Your Estate (Apr. 8th 2020, 1:00-3:00PM):

Prospectus & Fund Facts (Apr. 9th 2020, 6:30-8:30PM):

  • Location: Webinar.
  • Workshop description & registration available here.
  • Download the slide deck.

Portfolio Balancing (Apr. 14th 2020, 6:30-8:30PM):

  • Location: Webinar.
  • Workshop description & registration available here.
  • Download the slide deck.
  • Fill out this questionnaire to determine your portfolio allocation.

Advisors & Financial Planning (Apr. 16th 2020, 6:30-8:30PM):

  • Location: Webinar.
  • Workshop description & registration available here.
  • Download the slide deck.