Financial Planner serving clients from South Surrey/White Rock to Burnaby, Vancouver... and beyond

"Carey's style of interacting with me has involved the rare combination of business-like efficiency coupled with the ease of talking to a friend. I've been impressed with his financial knowledge and very much appreciated the promptness with which he replies to e-mails and phone calls."

Les Peters, Teacher - client since 1999 (South Surrey / White Rock, B.C.)

"My wife and I enjoy working with Carey Vandenberg. Carey offers a lot of true wisdom when it comes to financial matters. He is a man of integrity and I highly recommend him."

John Tsang, Pastor, Richmond, BC - client since 1997

"I like your approach to making my funds grow at a steady pace. Who needs the wild swings which only cause indigestion and sleepless nights. I can call you at any time to ask your opinion and advise."

Allan Davidson, Marketing Manager, Teck Corp., Vancouver, B.C. - client since 1995

"After talking to many people about their financial advisors, Carey is one of the most compassionate, and customer oriented individuals I've known."

Ron Modi, Client since 1988 (North Vancouver, B.C.)

National Post Online
December 5, 2001

RRSPs feel aftershock
Stampede out of equities

Alexandra Lopez-Pacheco
Financial Post

JoAnne Anderson of Mississauga, Ont.-based MoneyPower Inc., is in a position to know that "People make very poor decisions when they panic." It seems that at least a few Canadians have panicked following the attacks on Sept. 11 -- at least as far as their investments go.

"I have been seeing some stats coming out that money market mutual funds have been attracting record amounts of money, and it's been coming out of equity funds in particular. I think that is a huge mistake as I suspect a lot of it is inside RRSPs. Selling low and buying high? If so, will people do this again ... and again every time things are uncertain?" wonders Carey Vandenberg at Vandenberg & Associates Inc. in White Rock, B.C.

To avoid this short-sightedness, Ms. Anderson recommends a reality check: Have your goals or resources changed? If so, are the changes permanent or temporary? Revisit your plan and portfolio and update it. "It is important to maintain a balanced approach to your investments," she says.

Avoid rash decisions, but do not go into ostrich mode, both experts agree.

A slower economy can offer certain opportunities, such as lower interest rates. Consider refinancing your mortgage or consolidating credit card debt, Ms. Anderson suggests. "Cast an eye toward long-term income-splitting. Both spouses should be building retirement assets equally, to minimize the income-tax bite in retirement."

Having a good financial plan with realistic retirement goals in times of uncertainty has never been more important.

A good financial plan is not simply about doing the annual registered retirement savings plan trek, it is about a careful analysis with an understanding of the thousands of variables that can make or break that plan. It is about being pro-active and "keeping your head when all about you are losing theirs," to quote Rudyard Kipling.

"The biggest value in a good financial planner/advisor is to offset peoples' emotions and keep the plan on track. In virtually all cases, investment success will be determined on how you react rather than the individual investment selections," Mr. Vandenberg says.

He says it is unfortunate many people are doing their investing and portfolio management themselves.