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By mid-year, many of those carefully crafted forecasts have unraveled completely. The bets that seemed so sure-footed in December now look, well, pretty foolish. And here's the thing: this isn't new. It's basically a tradition at this point.

Remember, even the most orderly universe contains some chaos, to fuel the work in progress. Here at Mejlholm Wealth Management we specialize in walking our clients through challenging life changes and unexpected paths.

There are many things to consider as you bring order to your investments.  A qualified Investment and Wealth Advisor can help create and implement a plan that is specific to your needs. 

Bottom line, don’t be blindsided by unexpected taxes. But neither should an aversion to taxes blind you to the practical and emotional costs of clinging to a position longer than warranted.

It’s never too late to bring order to your investment universe. In this first installment in our four-part series, we’ll explore some sensible solutions to this perennial challenge.

Build your portfolio based on your personal goals, risk tolerance and time horizon rather than chasing or fleeing hot or cold investments or focusing on generalized rules of thumb.

Investing broadly across assets of various sector, size and geographies can help you build a resilient portfolio that can better weather the ups and down of the market over time.

If possible, max out your retirement plans to take full advantage of their powerful, tax-sheltered compound growth over time. Also, avoid leaving money on the table if your employer is offering to match your RRSP contributions.

The longer you stay invested, the more your investments will have a chance to increase exponentially, thanks to compounding returns.