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Loney Financial started with a vision from President, Dan Loney, when he entered the life financial industry in 1987. He envisioned professionals working together to assist a client in meeting their wealth management needs.
In 1996, Dan's vision became reality. Loney Financial became the first multidisciplinary company in B.C. providing clients with access to accounting partners and a law firm in the same office. This has given clients immediate access to professional advice on tax planning and corporate or family law issues that arise during discussions.
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DAN'S BLOG
Interesting Times
It is amazing what has happened in the U.S. this past 12 months with the increase in the stock markets.  While the U.S. government continues to print money and increase that countries debt, U.S. corporations continue to prosper as money pours into the U.S. from Europe. Crimea has added fuel to an already dicey situation in which Europeans are looking for a safer place to put their money. In September the world watched as the Germans basically voted for or against the Euro dollar by re-electing Angela Merkel to stay with the Euro. This uncertainty though has Europeans looking for the stability of the U.S. dollar or at least perceived stability.
Monte Carlo
This month I will be meeting with money managers in Monte Carlo to discuss opportunities that exist at this present time and get a feel for what they believe are going to be the safest and most productive areas to invest money. We believe the secret to long term success is to invest in non-correlating asset classes that are well diversified. Over a 40 year period this strategy has outperformed the indexes. We will be discussing this in future articles and how we apply this to our clients’ portfolios.
Read More >
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CLIENT NEWS
CRA extends tax filing deadline amid chaos created by Heartbleed bug.
May 1 is normally a day when income tax preparers get to celebrate the end of personal tax season. Not this year. Due to security vulnerabilities caused by the  Hartbleed bug and the ssubequent shutdown of the Canada Revenue Agency’s online services, the CRA announced it will extend the filing deadline for individual taxpayers the equivalent length of the disruption (5 days) which was finally restored on April 13th.
Statement by the Commissioner of the Canada Revenue Agency on the Heartbleed bug:
After learning that the Canada Revenue Agency (CRA) systems were vulnerable to the Heartbleed bug, the CRA acted quickly to protect taxpayer information by removing public access to its online services on April 8, 2014.
Since then, the CRA worked around the clock to implement a “patch” for the bug, vigorously test all systems to ensure they were safe and secure, and re-launch our online services late yesterday.
Regrettably, the CRA has been notified by the Government of Canada's lead security agencies of a malicious breach of taxpayer data that occurred over a six-hour period. Based on our analysis to date, Social Insurance Numbers (SIN) of approximately 900 taxpayers were removed from CRA systems by someone exploiting the Heartbleed vulnerability. We are currently going through the painstaking process of analyzing other fragments of data, some that may relate to businesses, that were also removed.
On April 16th the RCMP charged a 19 year old London, Ontario man in relation to the malicious breach.
Read More >
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ASK THE EXPERT - RYAN WALTER
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 Speaker, Author, and Leadership Expert, Ryan Walter played and coached over 1100 games in the NHL. Drafted second over all by the Washington Capitals, Ryan became the youngest captain ever, won a Stanley Cup with the Montreal Canadiens, and finished his playing and coaching career with the Vancouver Canucks.
He was Team Canada Captain in the World Junior Tournament, a 4-time World Championship player, an NHL All-Star, Vice-President of the National Hockey League Players Association, a TV Hockey Analyst, consultant and actor for movies and television, President of a professional hockey team, and NHL Man of the Year.
Ryan has a Master of Arts Degree in Leadership/Business and is the author of 5 books, including the newly released 3rd edition of Hungry! Fuelling Your Best Game. A regular contributor to both online and print magazines, newspapers, radio and television, Ryan speaks and trains globally on leadership, team, and high performance.
http://ryanwalter.com
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SEVEN VITAL QUESTIONS
- Warren Buffet said, "The most important investment you can make is in yourself." What process do you have in place to inspire, grow and encourage your INNER game?
- How healthy is your culture?
- How engaged/ hungry are your team-members/employees.
- Describe the Stanley Cup that you are pursuing over the next 3 years.
- What dominates your people’s thinking, based on your observation of their attitude and actions?
- What is the positive to negative ratio of your interactions with your colleagues, employees, friends, and family?
- Is your style of holding your people accountable working?
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CONSUMER CONFIDENCE MIXED
Canadians haven't fully regained their financial confidence, finds a Harris-Decima consumer confidence index.
That index stood at 81.2 in Q1 2014, up from 77.6 at the same time last year. But it was still down slightly from Q4 2013's reading of 84.4.
 "Canadian consumers are (gradually) becoming confident in the economy and in their personal outlooks, despite slight increases or decreases in index [readings]," says Gaetan Ruest, vice president of product and corporate research at Investors Group.
They're spending and saving more, he notes, and the index says nearly one-in-five (19%) predict economic improvement in the next couple years.
However, only slightly fewer (17%) expect a short-term downturn.
When asked about Canada's long-term prospects, almost half of those polled (48%) saw improvement over the next five years. But 38% believe the next five years could bring higher unemployment and a recession.
Regarding personal finances, 26% of those polled expect to be better off financially a year from now, while 14% say they'll be worse off. In Q4 2013, the same split was 28%-10%.
Despite that rise in pessimism, about half of Canadians say they're ready to make a major purchase, with only 34% conceding it's a bad time—the index found only 18% of those polled say they're better off financially than in 2013, and 22% admit they're worse off.
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Dan was appointed to the Manulife Bank Advisory Council, meeting with Doug Conick president and chief executive and top bank executives in Toronto.
The purpose of the council is to provide feedback to Manulife Bank on how they can best serve their clients.
Manulife Bank is committed to a better way of banking for Canadians and has led the way with ground breaking products like Manuone.
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WHAT'S DAN READING?
Why We Do What We Do in Life and Business by Charles Duhigg.
I found this to be a very interesting book with some great examples of how habits can impact our lives and how we can train ourselves to have good habits by using a technique to break bad habits. The author talks about how a habit has a process of a cue which leads to a routine and then an expected reward.
Read More >
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Click here to see the story of a 35 year dream come true and learn about Loney Financial’s support of rescuing homeless children in Guatemala. Thank you to all the clients and associates that have helped to make this a reality.
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COOKING WITH DENISE
Denise Bailey our Client Services Coordinator brings you a delicious monthly recipe from her renowned portfolio.
Crockpot Tomato Basil Soup.
Prep Time: 20 minutes
Serves 4-6
Two things I have come to love - Pinterest and Crock Pots! I found this recipe on Pinterest recently and thought I would try it out on the weekend. Since I wasn't sure if my kids would eat it, I cut the recipe in half, threw all the ingredients in the slow cooker and walked away (love that part). Had it on all day and around dinner time, finished it off and served. I would give this one an 8 out of 10! - Denise.
 Ingredients:
- 3 - 15 oz cans of petit diced tomatoes, with juice
- 1 C finely diced celery
- 1 C finely chopped carrots
- 1 C finely diced onions
- 1 tsp dried oregano
- 1/4 C fresh basil, minced
- 4 C chicken broth
- 1/2 C flour
- 1 C freshly grated Parmesan Cheese
- 1/2 C butter
- 2 C half and half, warmed
- 1 tsp salt
- 1/4 tsp black pepper
Directions
- Put tomatoes, celery, carrots, onions and chicken broth into crock pot
- Cover and cook on Low for 5-7 hours
- Thirty minutes before serving make the roux
- Melt butter over low heat in a skillet and add in flour
- Stir constantly for about 5 minutes
- Slowly add in 1 cup of hot soup
- Add in 3 more cups of soup and stir until smooth
- Put all back into the crock pot
- Stir and add Parmesan cheese, warmed half and half, salt and pepper
- Add in oregano and basil
- Cover and let cook on low for another 30 minutes or until ready to serve
Copyright © YourHomeBasedMom
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Happy Easter to all our Clients from Dan, Denise and Carling
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Solutions Magazine
Finding your Balance.
The role of risk tolerance in planning your retirement income.
Read More (PDF) >
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Articles
Work harder, work longer hours, pay off our mortgage, put our savings away and we’ll be financially well off in the future.
These are the words of wisdom that most Canadians have been following from generation to generation. There are good standard rules to investing for the future that everyone should follow. The concepts of dollar cost averaging, diversification and long-term investing are well proven in their effectiveness and everyone should be using them.
Read More >
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