St. Mark’s Parish Investment Session for Parishioners By Joe Alexander

Sessions Agenda Net worth Monthly Budget Set goals Ideas on Generating Investment Money Strategy for investing Self-directed Trading Accounts

Step 1 - Calculate Net Worth

Step 2 - Monthly Budget INCOME EXPENSES Salary $4,000.00   EXPENSES Salary $4,000.00 Mandatory(No Control) Rent or Mortgage $1,200.00 Car Loan $500.00 Utilities $300.00 Transit $105.00 Gas $100.00 Groceries $3,405.00 Have Control TV $120.00 Cell Phone $65.00 Restaurant Dinners $140.00  Misc. $325.00 Total $3,730.00 Savings $270.00

Step 3 – Set Goals Pay off mortgage in 15 years Pay off car loan in 5 years No credit card debt Setup RESP for children Contribute $1000 per year in RRSP or $50/month Contribute $1000 to TFSA

Step 4 – Generating Income for Investment Expenses you can’t control Re-negotiate loans from one bank to pay off higher interest rate (ensure no penalties) Expenses you can control Reduce mobile data plans Reduce TV package Reduce outside dinners Buy bulk groceries Grow a garden Every dollar saved goes towards – RRSP, RESP, TFSA

Step 5 – Strategy for Investing Investment Planning Self-directed Trading Financial Planner Types of Investing Strategy Long term investor - months, years Swing Trader - 3 days - weeks Day Trader - 1 to 2 days What type of Investor? Determined by age group Risk Taker (Self-direct) Stocks Futures, etc. Risk Averse (Conservative) Savings, GICs Bonds Mutual Funds/ETFs (Exchange Traded Funds)

Step 6 – Types of Trading Accounts Cash Account – both CDN & US Margin Account – both CDN & US Self-directed RRSP Self-directed TFSA Above accounts for trading options