Sheldon Niemiec, Wealth Advisor

04/25/2023

Who am I and who do I serve? I created a short video below to help answer that. Looking forward to speaking with you about your situation and how my team and I can help.

10/05/2020

Race City closed back in 2012. It's been a long time coming for a new racetrack in Alberta!

Can't wait. 16 turns over 3.5kms sounds like a twistier track that will be suited to all types of sports cars, not just super cars.

ca.news.yahoo.com

09/09/2020

1. Liquidate the heritage fund to pay off COVID deficit

2. Establish the Alberta Sovereign Wealth Fund

3. Balance budget by increasing taxes and reducing spending

Danielle Smith recently wrote an article in the Calgary Herald with these 3 recommendations.

As the previous leader of the Wild Rose Party, seeing her recommend a provincial sales tax was unexpected. Her argument is that Alberta has to get off the resource revenue roller coaster. I tend to agree as budgeting with such a large variable is an impossible exercise.

What are your thoughts on balancing the budget following Danielle's recommendations?

calgaryherald.com

08/25/2020

1,000 km/h travel between Calgary & Edmonton?

I highly support infrastructure spending in the province, especially when its privately funded.

I'm not sure if we have the population density for this project, but we will see!

www.cbc.ca

08/20/2020

Selecting a financial advisor is a big decision.

Here are three areas you should focus on:

1. Offering
2. Service
3. Fit

Fit is key. You need to enjoy working with your advisor for the next 30+ years.

Please see the article for more.

sheldonniemiec.ca

08/17/2020

Volatility is a wealth tax.

A 50% loss requires a 100% gain to equal par. 100% gains are difficult to achieve, a 50% loss is easy.

Construct a proper portfolio and reduce volatility as you progress.

Keep one goal in mind: increase long-term wealth.

08/12/2020

Don't get hung up on fluctuating stock prices.

Price only matters on the day you buy and the day you sell.

What matters most is business performance during your hold period.

Own a solid portfolio. You won't be tempted to constantly check price.

08/10/2020

There are three main approaches to debt:

1. Use recklessly. Purchase consumables.
2. Use sparingly. Debt is bad. Pay off immediately.
3. Use strategically. Debt as a wealth creation tool.

Debt is neither good nor bad; it depends on how you use it.