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7 | O akville B eaver | T hursday,A ugust 8,2019 insidehalton.com 89% of Canadians don't fully knowhow their retirement incomeis taxed, even among thosealready retired.* Thinking about retiring someday? Let'sTalk. 220 Randall Street Downtown Oakville 905-842-2100 peterwatsoninvestments.competerwatsoninvestments.com PeterWatson MBA, CFP, R.F.P., CIM®, FCSI JenniferWatson MBA, CIM® *Source: 2019 CIBC Retirement Income poll Visit our website to sign up for a free consultation. AIRE ONE MADNEss sAlEAIRE ONE MADNEss sAlE $700 OFF HI-EFFICIENCY CENTRAL AIR *Call for Details $1990$1990 *Starting1990Starting1990199019901990Starting199019901990from 10 Year Factory Warranty $29 /MTH OAC* FURNACE OR CENTRAL AIR DIAGNOSTIC SPECIAL FaSt & Reliable SeRviCe $49$49 * *Call for details*Call for details HIgH EFFICIENCY FURNACE & CENTRAL AIR PACKAGE INCLUDES: • 95.5% High Efficiency Gas Furnace • High Efficiency Central Air R410A Refrigerant • 10 Year Factory Warranty $3990$3990 *StartingFrom Heating & Cooling Over 120,000 satisfied custOmers 9 Locations to serve you better www.aireonewest.ca OAKVILLE 905-849-4998 1-888-827-2665 95.5%EFF. ONLY OR /mth$59OAC* RECEIvE UP tO $2,765 IN mANUFACtURER & GAS COmPANY REbAtES* *Call for Details TEST DRIVE Get up to speed with the latest "virtually invisible" hearing aid technology! Call to book your 21 DAY TRIAL FREE BEHIND THE EAR Behind-the-Ear models hide behind the auricle (the visible part of your ear) and have a thin clear tube that runs into the ear canal. Promo Code NSP-TDRV-OAKB No-cost hearing tests are provided to adults ages 19 and older. A fee will apply for a copy of your audiogram. Child hearing tests are conducted at select locations for a fee, please contact us for more information. Please see clinic for details. Offer not valid in Quebec. TESTDRIVE this hearing aid today! Offer expires August 30th 2019 Call us today to schedule your FREE TEST DRIVE. Did you know that the latest hearing aids are barely visible? That's why we're offering a FREE 21 day trial to anyone with hearing loss who would like to experience these new hearing aids for themselves. Bronte | 2419 Marine Drive Call Debbie at 1-855-788-2068 People have interesting perspectives when it comes to lowering investment risk through diversification. Di-through diversification. Di-t versification is one way ofversification is one way ofv saying don't put all your eggs in one basket. Canadians are often con- servative, so risk manage- ment comes naturally. We lower the risk of financial loss by buying insurance policiesby buying insurance policiesb on everything from our auto- mobiles and houses to the loss of income or life. To protect ourselves against loss, we're willing to pay insurance pre- miums. When it comes to invest-When it comes to invest-W ing, our natural risk aversion tendencies often get left be- hind. Many investment portfo- lios are too concentrated. The single largest diversification mistake I've noticed is for an investor to have most of their investment assets located in Canada. Canada represents a mere three per cent of the world economic activity, yetworld economic activity, yetw many investors have most of their investments in Canada.their investments in Canada.t From a diversification point of view, that is a mis- take. The Canadian markets are overly concentrated in the financial sector or natural re-financial sector or natural re-f sources. The investment vehicle of choice for many is investingchoice for many is investingc in mutual funds. Some inves- tors diversify their portfolio by owning several differentby owning several differentb mutual funds. The irony is most of those mutual funds own the same underlying financial and re- source companies. The inves- tor thinks they have diversifi- cation but in actual fact, they don't. Fewer people hold individ-Fewer people hold individ-F ual stocks directly and when they do, their holdings are of-they do, their holdings are of-t ten concentrated. When they think they have invested in athink they have invested in at good firm they may be in-good firm they may be in-g clined to overweigh that in- vestment.vestment.v If you win, you want to win big, but you may not be able to control how the stock market will perform. The good news is, you do control how much diversifi- cation you have within your investment portfolio. Peter Watson is an agent of, and securities products are provided by, Aligned Capital Partners Inc. (ACPI). ACPI is a member of the Investment Industry Reg- ulatory Organization of Canada and the Canadian Investor Protection Fund. The opinions expressed are those of the author and not necessarily those of ACPI. Peter Watson provides wealth management services through Peter Watson In- vestments. LOWER INVESTMENT RISK BY DIVERSIFYING OPINION MANY PORTFOLIOS TOO CONCENTRATED, WRITES WATSON PETER WATSON Column