The investing world is very expansive and, because everyone's circumstances are different, Don Edwards used his time to address questions the club members had.

Question: What questions do you wish people would ask?
Answer: That people know what their goals are and what they want to accomplish

Q: What are the smartest financial strategies business owners overlook for both business growth and personal wealth?
A: Owners think that because they own a business they'll know what their personal circumstances are. Second, owners overvalue their business.

Q: With rising interest rates and inflation, where should people focus their cashflow?
A: If you have business debt, write it off. You should have 6-12 months of cash in reserve. Investing is last. Use an RRSP to reduce taxable income. Use TFSAs to benefit from compounding money with no tax. Therefore, TFSAs gain about 1%/year more than an RRSP. So, RRSP gets you the tax break, TFSA helps in the long run

Q: For people in a spot to spend their assets, what should they do?
A: In the year you turn 71, an RRSP converts to a RRIF. You can convert prior to age 71, based on a formula. Don's team will help you get the annual income you need based on your goals.

Q: What should young home owners do to have emergency money?
A: Use the young home savers plan to contribute separately from your RRSP.

Q: Should I put money saved from an RRSP into a TFSA?
A: Absolutely, max out RRSP and when you get your tax refund put it in a TFSA

Q: Do you collaborate with accountants?
A: Yes, and it helps because people get tied up in the mess of money, and CRA will miss some things. CIBC will prepare a list of things to watch for in your first year of working with CIBC

Q: Do you manage inheritances?
A: CIBC deals with this all the time

Q: How do I start investing with CIBC?
A: You don't need a lot of money, you just need to start.

People who have their money managed with an advisor will name 3-5% per year more than they would individually. There has never been more volatility than now  due to tariffs. The only other times were March 2020 (COVID) and 1987 (Black Friday). Otherwise, the markets always come back.