Q2 2019 | Portfolio Commentary

If you tried to time the market at the end of 2018 by selling your long-term portfolio and going to cash, the solid bounce back of the market in the first quarter of 2019 would have been humbling. Conversely, those who remained invested in our models witnessed an aggressive rally since the start of the year and have seen their portfolios fully recover from 2018 and then some.

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Kicking the ‘Home Country Bias’ Habit

Everybody likes familiar things. We all have a favourite neighbourhood restaurant or watering hole. We gain a sense of comfort when we see a face we know in a crowd of strangers. This is simply the nature of who we are. It seems human nature has also driven the average Canadian investors to gravitate to the familiar when it comes to their portfolios.

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Retirement Stress Test - Longevity

Have you ever found yourself staring at the roulette table hoping the ball will land on your colour?  Most of us understand the odds of betting on either black or red. Hit the colour selected and double your money. Seems straight forward. But let’s look at the actual odds of winning.

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The ABCs of RESPs

The Registered Education Savings Plan (RESP) is an excellent way to save and invest for the future education costs of a child, whether one is a parent, grandparent, relative, or family friend.

There are almost no downsides to an RESP.  In our opinion, one of the biggest hurdles faced by advisors and clients alike is the complex nature of the plan.  This article will help you understand RESPs and provide some tips on using them effectively.

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Q1 2019 | Portfolio Commentary

If you tried to time the market at the end of 2018 by selling your long-term portfolio and going to cash, the solid bounce back of the market in the first quarter of 2019 would have been humbling. Conversely, those who remained invested in our models witnessed an aggressive rally since the start of the year and have seen their portfolios fully recover from 2018 and then some.

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2019 Federal Budget at a Glance

The liberal government introduced the 2019 federal budget on March 20, 2019.  This is to be their last budget before October elections.  While some expected the liberals to incentivize voters for the upcoming election with big tax cuts, none were included in this year’s budget.  Perhaps unsurprisingly, two new housing measures were introduced under the impetus of helping first time home buyers enter the property market.  Time will tell whether these measures will ease affordability or have any impact at all.

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The Problem with Market Timing – Part II

Last month we examined return rates for three hypothetical investors who were investing $1,000 a year into the TSX Total Return Index for 40 years.  We found that even if you timed things perfectly (which is virtually impossible over a 40 year period) you only had a return slightly better than an investor who didn’t try to time things at all.

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The Problem with Market Timing – Part I

We’ve all heard sound bites of investment gurus espousing such a strategy.  It’s often referred to as ‘market timing.’  The idea seems simple enough; when the market is high, you should avoid investing more money (or sell everything) and wait until things get cheaper.  Conversely, if the market is cheap, now is the time to put money to work (or buy back in).

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Do I Really Need a Power of Attorney?

A power of attorney is a legal document that an individual uses to appoint another person or entity, called the attorney, to make financial and legal decisions on their behalf. The authority granted can be broad or very specific, perhaps only relating to one specific task you’d like your POA to perform.  

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