Should you open a joint account with your better half? How to invest in the stock market and why? How to properly prepare for your succession? Sometimes intimidating, taboo or even fascinating, the subject of personal finance is a subject of concern. Here are three new Quebec readings that could help you better hold the purse strings.
After his first book, Millionaires are not who you think, Nicolas Bérubé received a myriad of questions about investing. This is what prompted him to write his new book, in which he gives the tools to get started and take his investments in hand. “I was inspired by my own background. I made all the possible mistakes and then I dug, learned, read, “says the journalist to The Press.
“Often, we have the impression that the stock market is a big casino, that it’s very risky and that you absolutely have to make a career out of it to have a chance of having a good return,” he raises. -he. However, self-managed investing can turn out to be simpler and faster than you think when you adopt “good practices”, explains Nicolas Bérubé: do not give in to panic when the markets fall, invest in traded funds on the stock market (ETF) rather than in individual shares, in particular.
The author also debunks the myth that investing takes time, “if you only take an hour a year, if you invest in index ETFs and if you can sleep soundly, you will beat the pros”, he illustrates. “Being uninterested in your investments pays off. »
Putting on your brown stockings and discussing money with your partner is rarely considered romantic. Yet it is crucial to do so, explain accountants Pierre-Yves McSween and Paul-Antoine Jetté in their latest book. “The couple and finances go together. It’s impossible to dissociate the two, “launches the host of the show straight away. The McSween Indexat Télé-Québec, and author of best-selling books Freedom 45 and Do you really need it?. “This new book gives tools to couples to allow them to eliminate any asymmetry of information between the two people”, he summarizes.
“Life in society works with a certain number of rules of the game”, adds Paul-Antoine Jetté. “Basically, we read the rules and we explain them to you. What they say is that if you want to play, be aware of these rules. Over the course of 400 pages, the two acolytes, who deny being too cynical, dissect with provocative humor the bills of life together: from the distribution of expenses, to financial violence, including the consequences of marriage. or the underside of alimony.
The financial planner and wealth management advisor Fabien Major meets in his daily life Quebecers who have just sold their business, who have received an inheritance or who have sold real estate. “Wealth, I have seen pass to the point of being very surprised. I meet people who find themselves with a great problem, but who don’t necessarily know how to manage this money,” explains the author in an interview.
Unlike many books on personal finance, this one doesn’t explain how to “make a buck”, but rather how to manage it once you have it, warns Fabien Major. In his new book, he details, among other things, the traps in which not to fall when one gets rich, the basic tax concepts to manage one’s assets well, or the tools to prepare one’s succession.
For example, can parents who have accumulated some wealth donate some of their money to their children for the purchase of property? ” Be careful. It’s important to make the right calculations so you don’t get into trouble when you retire,” warns Mr. Major.