TriDelta Insight
May / June 2012
We can Help With Your Mortgage
5 Year Closed:   3.19%
5 Year Variable: 2.80%
10 Year Closed: 3.79%
TriDelta Financial
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Dear reader,
The worst of global woes appears to be behind us and the slow recovery process remains. However like a surgery patient, much depends on doing what the doctor orders to ensure recovery albeit that unforeseen setbacks are typically part of the process.

Excessive private and public debt remains one of the key global issues and will result in pain and sacrifice before the disaster can end. We believe this reality is slowly taking hold and so too the shift in behaviour. Our article Understanding Debt addresses this controversial topic.

Another insightful topic is our article on the challenges in planning your parents retirement.

Please take a few moments to enjoy this issues articles.

Enjoy and be well,

TriDelta Financial

TriDelta's investment approach
TriDelta Macro Analysis
By: Cameron Winser, VP of Equities

In addition to the bottom up analysis of Fixed Income and Equity investments that was described in the previous TriDelta newsletter, our investment committee also conducts a detailed monthly review of macro factors that affect the global financial markets.

This top down analysis involves reviewing several types of fundamental, economic, technical and geo-political market data.

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10 Year Mortgage as low as 3.79% - Is this the best deal ever?
In April 2008, our best 5 year fixed mortgage rate was 5.59%. Most banks were over 6%.

At the time, this was considered a pretty good 5 year rate from a historical perspective.

Now it is June 2012 - just over 4 years later, and we can offer our clients a 10 year mortgage with a rate as low as 3.79% (certain conditions would apply). This is the lowest 10 year mortgage rate in history.

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Captured amazement in nature photographs
Most of us fancy ourselves as photographers, but luck is often a major contributor to our favorite snap shots. Take a look...

4 Challenges to Planning your Parent's Retirement
The Baby Boomers are doing some serious retirement planning these days.

Just one problem. They forgot to plan for their parents.

They may be 55, but their parents now need their children more than ever before.

I have many clients that have at least one parent with Alzheimer's disease -- often in their 80s or 90s. The Boomers face many social, physical and mental challenges with their parents. These can be very difficult on their own.

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Understanding debt & deficits
The topic of the day, debt, both personal and government dominates headlines and instills fear, which is why we wanted to provide you with some of the facts and attempt to explain the global debt issues.

Firstly let's look at our extreme debt level. Canadian average household debt is now at its highest level ever, according to a report by the Vanier Institute of the Family.

The average household debt figure at the end of 2010 was $100,879, with the debt-to-income ratio at a record 150 per cent, the report says. That means for every $1,000 Canadian families earn after tax, they now owe $1,500. Mortgages account for two-thirds of that debt at $63,000 per household. The other third is made up of personal loans and credit card debt.

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Heather's reading pick
The Power of Habit - Why We Do What We Do in Life and Business
by Charles Duhigg

In dealing with some recent habits I have wanted to change, I found, The Power of Habit, published in early 2012 , a timely read.

The Power of Habit, is written by award-winning New York Times business reporter Charles Duhigg, who explains why habits exist and how he feels they can be changed. Duhigg brings a whole new understanding of human nature and its potential for transformation.

Duhigg's argument is that the key to success, whether it be exercising regularly, losing weight, raising exceptional children, becoming more productive, building revolutionary companies and social movements is understanding how our habits work.

The Author explains why some people and companies struggle to change, despite years of trying, while others seem to remake themselves overnight. He identifies how the right habits were crucial to the success of Olympic swimmer Michael Phelps, Starbucks CEO Howard Schultz, and civil-rights hero Martin Luther King, Jr. Duhigg shows how implementing the so-called keystone habits can mean the difference between failure and success, life and death.

There are many case study's referenced and neurological test showing scans of brain activity, that back up to this theory and confirm by changing habits, the patterns inside your brain are overwritten and change as well.

The common thread for achieving success is by focusing on the patterns that shape every aspect of our lives and by transforming habits.

I found the most encouraging concept is that your existing habits do not need to shape your future destiny. As Charles Duhigg shows, by understanding how habits work, they can be changed and we can transform our businesses, our communities, and our lives.

After the first chapter, most likely you will have an 'AHA' moment... as I did, that uncovers your routines. You can then begin to identify your habits and how to change them.

If you have some habits you want to change, or want to understand why you do certain things routinely, this book a valuable read...and may even change the way you look at your life and the world around you.

By Heather Holjevac - Senior Financial Planner.
Heather's viewing pick
The Best Exotic Marigold Hotel

While I may be a little younger than the target Boomer Audience, I was encouraged by a number of people to make time for this movie. I am glad I did as it's refreshingly free of violence, scandal and as well, a potential overview of things to come as we age with comedy in all the right places.

The seven leading characters are British retirees aged 60-plus, and their stories encompass the challenges of growing older.

The group who decide to "outsource" their retirement to a less expensive and seemingly exotic location, are lured by an invitation to the luxurious retreat "for the elderly and beautiful" at the newly opened Best Exotic Marigold Hotel in Jaipur, India. Upon arrival, they discover a place that is a shell of its former self. Though the new environment is less luxurious than imagined, they are forever transformed by their shared experiences, discovering that life and love can begin again when you let go of the past.

With a stellar cast that includes Judi Dench, Maggie Smith, Tom Wilkinson and Bill Nighy, the characters make the bold decision to remain at the Best Exotic Marigold Hotel and spend their twilight years in a place where their meager pensions will go further.

There were both tears and cheers at the end in the packed theatre and this movie will provoke some soul searching questions and conversations about the "what if's" of your pending or current retirement.

As the film's theme says...its never too late for new and wonderful adventures. I recommend taking time to see this movie

By Heather Holjevac - Senior Financial Planner.