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One of our readers, when filling out a Know Your Client (KYC) document with their adviser, was asked for their net worth. If you were asked for your net worth would you know what it is? Do you even know how to figure it out?
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Our look at real estate investments concludes this week with Real Estate Limited Partnerships (RELP).
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A mortgage investment entity (MIE) has similarities to syndicated mortgages, which we wrote about last week. The major difference between the two is that a syndicated mortgage is usually an investment in one mortgage held on one property, while an MIE is an investment in multiple mortgages issued against multiple properties.
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We’ve received a few questions about real estate investments lately. We’ve also had previous inquiries about syndicated mortgages due to them occasionally turning up in CSA notices in the last few years. The next three weeks the blog will be devoted to real estate investments – specifically syndicated mortgages, mortgage investment entities and real estate limited partnerships.
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Many older people who are the victim of financial elder abuse don’t want to talk about it and end up taking little or no action. This can be because of shame or embarrassment, or because they believe if it becomes known, they will lose some of their freedom and independence. Because of this if you believe someone is the victim of financial elder abuse, you should approach them calmly and without judgement.
Submitted by nsscadmin on
As our population continues to get older, financial elder abuse is becoming more prevalent. Many victims of financial elder abuse stay quiet out of shame, or they fear that if it’s discovered they will lose some of their freedom. They may be silent, but there are still warning signs that someone is a victim of financial elder abuse.
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Someone being older is not the only thing that makes them vulnerable to financial elder abuse. There are certain signs and life changes that can make someone more susceptible to abuse.
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By definition, financial elder abuse is the use of someone’s money without their permission or in a fraudulent manner. Nova Scotia’s population is rapidly getting older. According to the latest census, for the first time in our province’s history, there are more people 65 and older than there are 14 and under.
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The Nova Scotia Securities Commission is launching a new page on their website in June focusing on “Investing Information for Seniors.” This website will include two new printable information sheets:
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Commodities are basic goods that are in high demand across the globe. They are generally uniform in quality and utility regardless of their source. Think of it this way. Wheat is a commodity. The last time you bought a large bag of flour at the grocery store did you think about where and what kind of wheat was sourced to make your flour? Chances are the answer is no.