In it for the Long Haul
The last three months have been a very rough ride with all world equity markets seeing negative returns due to interest rate hikes, trade wars, and political uncertainty among many other factors.
The last three months have been a very rough ride with all world equity markets seeing negative returns due to interest rate hikes, trade wars, and political uncertainty among many other factors.
When my oldest son turned 19 last year, he was very surprised when I insisted that he apply for his first credit card – a student credit card with a low limit and no annual fee. He happily obliged!
A 10% drop in equity markets (see chart) are more common than one would think. Even though they are as standard as rain in Vancouver, it is only natural to ask, “what happened yesterday that caused such a meltdown?”
As financial advisors, the planning we do synthesizes knowledge from a broad set of topics: cash management, portfolio design, debt structuring, tax effectiveness, and risk management, are some of them.
Estate planning is the process of defining how you will share your legacy. This means having your affairs in order and enabling your family and loved ones to make decisions on your behalf after you die.
Has a true stock market correction begun? Ask me in 12-24 months and I’ll give you the right answer! Yes, this is a bit of a “smart” answer!
The third quarter of this year saw an agreement-in-principle at last between the US, Mexico and Canada – the USMCA, formerly called NAFTA. Media focus has now shifted to the US and China as they appear ready to enter a full-on trade war, and across the pond Brexit continues to play out.
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You can see the best performer of the quarter was the US market. It will be interesting to see the impact of how the signing of the USMCA (previously called NAFTA) will have on the Canadian stock market.
I love pie! The invitation for family Thanksgiving Dinner came via text: the menu included a cherry & pumpkin pie. I began to imagine the texture and taste of this interesting blend of favourites, eager to try this new
Most investors understand that to achieve their long-term target rate of return, they will need to accept some volatility in the short and medium term.