Random Thoughts
Appreciating Ryan
Most of you will have had conversations with Ryan Bacchus, certainly more intensively when you became a client or when there was an inflection point in your life where our team became involved in helping to make a decision.
Ryan is an essential component of providing a smooth client experience, and I wanted to recognize him in his efforts with our clients, doing everything from helping with logging in to systems, explaining how payments get to and from client bank accounts, and helping clients understand their personal information when it comes to insurance and investments.
The work we do for clients is one thing, and how clients receive that experience is another. Many of you thank me for the things for which Ryan is responsible in making your lives easier, and since I often take the credit, I thought it appropriate to thank Ryan publicly on your behalf.
Speaker Notes
I recently attended a talk by Dr. David Kelly, Chief Global Strategist at JP Morgan Asset Management, and enclose a few of his insights:
- When GIC rates peak, the following 12 months see every other asset class outperform GICs
- Stock returns are always stronger after confidence troughs
- The essence of diversification entails owning something that is performing poorly
- Media sells advertising by making people angry and/or scared
- The American consumer has an amazing propensity to buy things they don’t need with money they don’t have to impress people they don’t even like
Inflation, Deflation, Disinflation
Inflation is the rate at which prices increase. This is almost always a positive number.
Deflation is the rate at which prices decrease. This happens rarely, usually during a crisis like COVID-19 or the 2008 financial crisis.
Disinflation is the rate at which inflation is slowing. That means prices are still rising, though at a slower rate than the recent past. That’s happening now, as inflation in Canada peaked at roughly 8.7% in 2022, and now down to around 3.8%. Broad prices for goods and services are not dropping, they’re just going up more slowly.
Alain Quennec
Estate Planning Misconceptions
In this 5-minute webinar, we explore an important but often misunderstood area of financial planning.
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