Summer 2019  

Protecting W hat You Have!

I keep seeing headlines about market concerns, security issues and more.

So much is done online, so much depends on automatic trading, and so much is taken for granted when it's easy to utilize all these items.  

The CRA scam where many of us have been getting phone calls indicating that we owe money to CRA, has been unsettling.  

Recently, one of the largest security breaches was announced with Capital One.  Over 100 million people were affected of which 6 million  are Canadian.  They have the alleged perpetrator in custody, but that doesn't help if the data has been sold/released.

I will provide a few tips to help ensure that you protect your data.

1) Have as few credit cards & financial institutions  as possible.  The fewer service providers you use, the less likely you will be to get hacked, or have your information stolen.

2)Ensure you never keep your passcodes with your cards.  (Yes, I know this is obvious, but it still happens).

3)Do not send your important numbers, such as your credit card number, your social insurance  number, bank accounts, etc. over the internet, or email.  If you are providing this information, do it through a secure source.  There are a number of places that provide additional security, such as Dropbox, Box, and more.  You can also put a password on an email or attachment that contains confidential information.  Or simply call in the information, and ensure you're speaking to the right person at the other end.

When it comes to protecting yourself from scammers, there are a number of additional steps to take.  Ensure you verify the source, and never provide this confidential information to anybody over the phone, if they called you.
It's just as important to protect your assets as well as your I.D. and privacy.  I wrote this article some years ago, but it's still valid, and a good reminder for due diligence when it comes to protecting your data.  

For now, have a read.  Enjoy the summer, just don't be giving away too much information to anybody you don't know.

I've written a few articles in the past.  Have a quick read to refresh your memory on protecting yourself and your money.

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Here are a few to read to better understand this unique scenario, and now to best manage assets.

As part of their June commentary, Alfred Lam, Senior Vice-President and Chief Investment Officer and Marchello Holditch, Vice-President and Portfolio Manager, CI Multi-Asset Management, discuss the U.S.-China trade talks that have escalated in the past month. The team explains their view that while there is much debate about who "wins" such a dispute, the reality is that both sides lose.  

Thank you to all that have contributed to the charitable cause!   I had fun on the Big Bike in June, in Richmond Hill.  My team was of the largest fundraiser community team in York Region.

Quote of the Month:   

Success is not final.  Failure is not fatal; it is the courage to continue that counts.

Winston Churchill
Wishing you all a beautiful summer, with time to relax, rejuvenate and enjoy your family and friends.  
Janine Purves, CFP® , CPCA, CCS  
This material is provided for general information and is subject to change without notice. Every effort has been made to compile this material from reliable sources however no warranty can be made as to its accuracy or completeness. Before acting on any of the above, please make sure to see me for individual financial advice based on your personal circumstances. The opinions expressed are those of the author and not necessarily those of Assante Capital Management Ltd.
Insurance products and services are provided through Assante Estate and Insurance Services Inc. Assante Capital Management Ltd. is a Member of the Canadian Investor Protection Fund and Investment Industry Regulatory Organization of Canada
Assante is an indirect, wholly-owned subsidiary of CI Financial Corp. ("CI"). The principal business of CI is the management, marketing, distribution and administration of mutual funds, segregated funds and other fee-earning investment products for Canadian investors through its wholly-owned subsidiary CI Investments Inc. If you invest in CI products, CI will, through its ownership of subsidiaries, earn ongoing asset management fees in accordance with applicable prospectus or other offering documents.
Commissions, trailing commissions, management fees and expenses, may all be associated with mutual fund investments.  Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.  Please read the prospectus and consult your Assante Advisor before investing.
Janine Purves  
Senior Financial Advisor
Assante Capital Management Ltd.
Ph (905) 707-5220
Fax (905) 707-1035
9130 Leslie St.,
Suite 302,
Richmond Hill,
ON L4B 0B9
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