March 2011 Newsletter
TriDelta Insight
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Dear reader,
Welcome to our March 2011 newsletter.

In the last few weeks we have seen more drastic world events causing us to wonder what is going on? The world seems to be in a new level of upheaval and discord although the uprising in the Arab world should be celebrated as the region tastes freedom.

Every cloud has a silver lining and happiness is in the air. Consider that the Chinese legislature have just wrapped up their annual planning session and insist that increasing happiness is now more important than increasing GDP.

Our newsletter touches on the effects of current events on your investments and also delivers a number of interesting topics; 2011 tax return, beneficiaries, an amazing retirement strategy plus our book and movie choice.

Our thoughts also go out to all those directly affected in the Japanese crisis.

Enjoy and be well,

TriDelta Financial

Its tax time again.
Hopefully you are ready for the 2010 tax season. For most Canadians the filing deadline is April 30th 2011.

You know that you must report your income but are you getting all the credits you qualify for?

It is increasingly difficult to keep up with the programs and changes at Canada Revenue Agency and more important than ever that you look at your tax situation from a family perspective.
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Investment markets focus on the long term.
Warren Buffett, chairman of Berkshire Hathaway Inc., said the slump in Japanese equities after the March 11 earthquake is a buying opportunity, according to media reports Monday. "It will take some time to rebuild, but it will not change the economic future of Japan," Buffett said during a recent visit to South Korea, according to Reuters. "If I owned Japanese stocks, I would certainly not be selling them."

At TriDelta Financial we have studied market history and the woes of knee-jerk trading reaction to unexpected events. This is speculation and not investing and maintaining the course is our firm recommendation although we continue to tweak portfolios as opportunities emerge.
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Do not forget to accurately record your chosen beneficiaries
When our lives change, particularly sad events, we tend to forget to update our Financial Plan and Will assuming someone else will take care of the details. They won't and we need to be aware of the significance of not doing so.

Heather Holjivac, Senior Financial Planner shares this real life story to illustrate the importance of accurately recording your chosen beneficiary.

This is what happened to the daughter of her client. We will call the daughter Joan and her mother Peggy.

Joan had lots of talent and ambition, so when a prestigious law firm located in New York recruited her to be an intern after law school, she seized the opportunity despite the difficulty of leaving her boyfriend, her childhood home and her parents behind.
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A great tax sheltered Retirement strategy - that is NOT an RRSP or TFSA
Today the hot financial debate is whether to put money in an RSP or TFSA. It just so happens, there may be something even better when it comes to tax sheltered investing for retirement.

There is a strategy that is not very well known, but that is used personally by many accountants, lawyers, and self employed individuals. In the right circumstances, if your advisor structures the strategy properly, you are guaranteed to double your money tax free*. If you are among the fortunate few who can take advantage of the strategy, it may change your whole approach to retirement planning.
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What do our thoughts have to do with wealth?
"Don't cry for money because money doesn't cry for you." If you're a fan of the CBC hit show Dragon's Den, you may recall the episode during which financial guru and venture capitalist Kevin O'Leary made this profound statement to a show participant, which has since caused much chatter in social media circles and coffee shops:

"What is money?"

The concept of money is fascinating because it is essential to our day to day living. People hunger for it. They hold onto it for dear life. People earn it, spend it and give it away. Money evokes feelings of loss when it is stripped from us and joy when received unexpectedly. Money stimulates all kinds of emotions.
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Brad's picks:
My book choice: Coming Back Stronger by Drew Brees

Fresh off leading his New Orleans Saints to the 2010 Super Bowl championships, quarterback Drew Brees uses the stories of the adversity from his life and from the lives of Hurricane Katrina victims to encourage readers to persevere through life's storms.

The adversities Brees discusses mostly have to do with his dysfunctional family as a youth, his football injuries, and the well-documented tribulations of New Orleans' residents since the 2005 devastation of Hurricane Katrina.

Brees's inspiring message of hope and encouragement proves that with enough faith, determination, and heart, you can overcome any obstacle life throws your way and not only come back, but come back stronger.

This book delivers an inspiring, never-give-up message, a warm feel-good story.

My movie choice: True Grit

This Oscar nominated movie does not disappoint, a classic Western with beautiful vistas, sets, costumes, gunfights and cinematography that feels genuine to the era.

This is the Coen brothers new adaptation of the late 60's Charles Portis novel, not quite the same as the well known movie version starring John Wayne.

Rooster Cogburn (Jeff Bridges) is the U.S. Marshall who has a license to go after outlaws and bring them back, dead or alive. More often than not he brings them back dead. Mattie (Hailee Steinfeld) is looking for a Marshall with grit to help her find her father's killer, Cogburn is her choice. As they travel together the story unfolds.

Wonderful performances by the stars and supporting cast make this remake of the original movie a rich experience.