It’s Financial Literacy Month during November, which means that it’s time to examine some topics that help people become much more savvy about their money. One of the best skills that you can have is the ability to seize the right financial opportunities. This week, Travis and Derrick have invited Blake Ellis, Investment Advisor for Credential Securities and Senior Wealth Advisor at Island Savings Wealth Management, to talk about their experiences and expertise when it comes to evaluating the good, bad, and unknown of a financial opportunity. 

1:20 – Money Problem: Travis’ client inherited more money than they ever had before. The opportunities for real estate versus stock investments abounded and they couldn’t make the right choice on their own. 

3:40 Expert Examination: Derrick, Travis and Blake pull back the curtain on their own successes, challenges and the principles they’ve learned to find good financial opportunities: 

• Financial opportunities that turned out well. 
• Decisions that didn’t pay off. 
• Missed opportunities. 
• Types of financial opportunities you’ll likely encounter. 
• Red flags for a poor investment opportunity – and the signs of a diamond in the rough. 
• How to get off the fence about a financial opportunity. 
• Bouncing back from a financial fail. 
• Understanding your risk tolerance. 
• How to position yourself for a good financial opportunity. 

29:15 – Weekly Financial Fix: With a little reflection on past hits, misses, and fails, Travis has a task to help you prepare for a winning future financial opportunity. 

If you have an undiagnosed financial concern or want to better understand a financial subject, send Travis and Derrick your question at islandsavings.ca/wealthbeing, or at [email protected], and we will consider it for a future episode.