3 Investment Tips for Millennials



Let’s be honest, investing isn’t always easy – at least it doesn’t always seem that way. With so many different options available on the market (from mutual funds to stocks), choosing the best strategy can be overwhelming. That’s where the assistance of a financial advisor comes into play.


It’s very easy to get caught up in hot tips, news headlines and guidance from family and friends. It seems like everywhere we look someone is giving millennials investment tips. The truth is finance is personal, and that’s why it’s so important to get tailored advice from a professional. With that being said, there are some pieces of advice that all young investors should know.


Here are three investment tips for millennials who want to start investing:


Start as early as possible


Yes, that’s right, young people should have started investing way before they were coined as millennials. As soon as you have an income (no matter how big or small) a portion of your paycheque should go into savings.


Thanks to a little thing called compound interest there are big benefits for millennials who start investing early. Compound interest helps your investments grow faster because your monthly earned interest (or dividends or capital gains) is reinvested back into your account. Therefore, the next month you earn interest on the previous month’s interest and so on for years to come. It’s brilliant.


Think long term with your strategy


According to Forbes, investing for the long term helps millennials see the bigger picture when it comes to risk versus reward in your portfolio. “Risk is kind of like that friend who regularly cancels plans but always comes through in a pinch. There might be heartache in the day-to-day, but in the long run, you’ll be glad you stuck it out.

In investing, more risk means the potential for more reward. Could you lose money and never collect that premium? Sure, but that’s unlikely when you’re in it for the long-term.”


Be honest with your financial advisor


Professional advice can help find an investment strategy that fits your individual plan, financial capabilities and life goals. However, that can only happen if you are completely honest with your advisor.


Think of a financial advisor as your financial doctor, they can’t totally assess the situation and provide a recommendation until they have all the information. This includes your short term and long-term goals, tolerance for risk, time horizon and general knowledge of the investing world.


If you have questions about investing or want to start investing but don’t know where to begin, I’m happy to help. Let’s chat about your goals and investment options for millennials.


*This content was originally created by Manulife Securities for information purposes only. It has been distributed for advisor publication.*

Healthy eating and healthy living for 2016 - a Mindset and Habit

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I don't pretend to be a health addict or even allege that I'm in any way a role model for extra healthy living but I am fortunate that my family is active and my wife and daughter keep healthy eating as a priority.

My family has a history of heart disease so I am constantly reminded that small actions can have a huge impact over the long-term.

Diet is one of areas in which "you can have it all". What I mean is there are great tasting, easy to cook recipes that are low in fat and sodium and high in fibre.

The Heart & Stroke Foundation website is a very comprehensive resource for all things "heart healthy" - especially their recipe section. 

Lisa in our Cornwall office tried the stew:

I was looking for a warm, mellow winter meal to serve at a family dinner. Market Fresh Chicken Stew seemed to fit the bill. Chicken thighs are cost effective and the smooth flavour suited a range of eating preferences. I would suggest adding a bit more mustard than the recipe called for and maybe a bit less milk. It made quite a bit of sauce! As the colour of the stew is rather subdued, I served it with roasted root vegetables and pan fried Brussel Sprouts. It made for a cheerful looking plate! It was a simple meal to prepare and could be adjusted to suit whatever you may have on hand in your vegetable drawer.

Market Fresh Chicken Stew:

* 1 tbsp (15 mL) vegetable oil

* 4 oz (125 g) mushrooms, cut in half

* 1/2 tsp (2 mL) dried rosemary, crushed

* 1/4 tsp (1 mL) pepper

* 2 cloves garlic, minced

* 1 lb (500 g) boneless skinless chicken breasts or thighs, cut into chunks

* 4 small red-skinned potatoes, cut into 3/4-inch (2 cm) chunks

* 1 cup (250 mL) reduced-sodium chicken broth

* 2 cups (500 mL) divided 1% milk

* 1/3 cup (75 mL) all-purpose flour

* 1 cup (250 mL) chopped green or yellow beans

* 1 tbsp (15 mL) Dijon mustard

* 1 plum tomato, chopped

* 2 tbsp (25 mL) chopped fresh parsley, basil and/or oregano


1. In a large pot, heat oil over medium-high heat. Sauté mushrooms, rosemary and pepper for about 5 minutes or until browned. Add garlic and chicken and sauté for 3 minutes or until chicken is white all over and starts to brown.

2. Stir in potatoes and broth; bring to a simmer. Cover, reduce heat to medium-low and boil gently for 10 to 15 minutes or until potatoes are almost tender.

3. Meanwhile, heat 1-1/4 cup (300 mL) of the milk in a glass measuring cup in the microwave at Medium (50%) power, or in a saucepan over medium heat, for about 3 minutes or until steaming. Whisk flour into remaining cold milk.

4. Gradually pour flour mixture into pot, stirring. Increase heat to medium. Stir in hot milk, beans and mustard; simmer, uncovered and stirring often, for about 8 minutes or until chicken is no longer pink inside, beans are tender-crisp and stew is thickened. Ladle into bowls and top with tomatoes and fresh parsley, basil and/or oregano.

per serving

* Calories 407

* Protein 37 g

* Total Fat 9 g

** Saturated Fat 2 g

** Cholesterol 86 mg

* Carbohydrates 45 g

** Fibre 6 g

** Sugars 10 g

* Sodium 412 mg

* Potassium 1612 mg

Take a look at what they have to offer - and maybe you'll find other resources toward creating a Mindset and better Habits for a healthy 2016.


One of my favorites is Classic Split Pea Soup:

* 1 tbsp (15 mL) canola oil 
* 1/2 cup (125 mL) chopped onion 
* 3/4 cup (175 mL) diced carrot 
* 3/4 cup (175 mL) diced potato 
* 1 cup (250 mL) yellow split peas 
* 4 cups (1 L) sodium reduced chicken broth 
* 1/3 cup (75 mL) diced lean cooked ham 
* 1 bay leaf 
* 1/8 tsp (0.5 mL) ground black pepper


1. In large saucepan, heat canola oil over medium-high heat and add onion, carrot and potato. Sauté until vegetables are tender. 
2. Add split peas, broth, ham and bay leaf. 
3. Bring to boil; reduce heat; cover and allow to simmer for about 45 to 60 minutes or until peas are tender and soup has thickened. Stir occasionally. Remove bay leaf. Add pepper just before serving

per serving

* Calories: 170 
* Protein: 9 g 
* Total Fat: 3 g

** Saturated Fat: 0 g 
** Cholesterol: 5 mg

* Carbohydrates: 27 g

** Fibre: 3 g 
** Sugars: 3 g

* Sodium: 150 mg 
* Potassium: 319 mg.


This Blog was written by Greg Glista

Financial Advisor, President Glista & Associates

Partner, Cornwall Wealth Management Group Inc. &

Author of Tax Advantaged Strategies.