Monthly Archives: June 2019

Join Paul Zammit, the Nancy Eaton Director of Horticulture at the Toronto Botanical Garden. He is a regular speaker at garden clubs and horticultural trade shows across Canada and in the United States, as he discusses:

  • Inviting Guest into the Garden, the Importance of Creating Habitat for Pollinators
  • Promoting biodiversity in the Home Garden

The video below is a full recording of this month’s Lunch & Learn workshop that took place on June 18, 2019 at the Thornhill Golf and Country Club.

“In his book The Ages of the InvestorWilliam Bernstein describes a mythical employer named Uncle Fred who offers investors a retirement savings scheme determined by the flip of the coin. One side of the coin results in a +30% annual gain while the other side gives you a -10% loss in a given year.

Since the coin toss gives you a 50/50 shot at each outcome, this would give investors a compounded annual return stream of around 8.2% with a 20% standard deviation, not too far from the actual long-term results in the stock market.

Now let’s say you decide to contribute $1,000 each year for the next 40 years into Uncle Fred’s scheme. And let’s further assume the coin flip works out to give you 20 positive return years in a row followed by 20 negative return years in a row. In this scenario, you would end up with a little more than $100,000. Not bad, but you barely kept up with the long-term inflation numbers. ”

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Michael joined The McClelland Financial Group of Assante Capital Management Ltd. in 2019 as a Strategic Associate. Previously he has worked a wide variety of roles such as Insurance Analyst at TD, Chess Instructor, and Finance Tutor. He graduated in 2016 with a Bachelor of Commerce – Specialized Honours in Finance from York University and as of 2018 has successfully passed all 3 levels of the CFA program on his first try. Michael has a constant thirst for knowledge, is always reading about finance and truly has a passion for the financial service industry.

Outside of work Michael enjoys reading, playing guitar, hockey, learning new things, and watching old movies.

On May 21st, Jeff Hammond, Golf Fitness Professional at The Thornhill Golf and Country Club presented at our May Lunch and Learn. His role at the golf club is to help golfers improve their game through a thorough screening process which analyzes swing mechanics, physical fitness and movement quality. Through video footage of his former client’s progress to getting our clients participating in dynamic stretches, he reinforced the fact that good fitness leads to better performance on and off the golf course.

  1. Continued mobility is vital as if one part of the body is not working correctly it throw everything off.
  2. Sitting is one of the worst things you can do to your body but simple stretches even in your chair can help your body immensely.
  3. Even if you feel an activity isn’t physically demanding a simple warmup will help prevent injuries and ensure you are able to move your body properly.

Watch The Full Workshop Video

As a business owner, I notice everything. I have to. In order for me to stay competitive, I need to be aware of what other businesses are doing around me and adjust accordingly. I can thank my years of riding a motorcycle for this tendency. You have to be ultra-aware when riding a motorcycle. Instead of looking at a car, you must look through the windshield of the car and see the driver’s eyes – you need to know that they see you too.

The other day I had to go to the bank. Through my critical eyes, I was growing more and more frustrated with my experience. I stood waiting outside the bank’s glass doors with several other customers, for the clock to strike 9:30am. I don’t have issues with the hours that banks keep (I actually do appreciate that some branches stay open quite late). I have issues with the staff inside, standing and staring at us like we were puppies waiting to be adopted. They continued to check their watches until they could open the door, a couple minutes after 9:30. This is issue one.

Issue two. Bank staff are trained extremely well to cross-sell customers at every opportunity. However, why is there no training to get to know a client? Why am I asked if I had made my RRSP contribution at the bank for this year? I have been banking there for years! My client profile indicates that I am financial planner with my own business. I don’t even have an RRSP there. Bank profits 1 – Client experience 0.

It frustrates me when I read articles that refer to banks as our competition. Competition, by definition, means you should at least try to be somewhat competitive. The banks may be in the same industry as us, but they are not our competition. We are in the Client Experience business and the banks don’t even come to the game.

As an aside, after my bank experience I had to go to the Apple Store. There were smart, helpful staff in an organized environment doing their best to create happy, long term clients. I thought to myself, “now, that is our competition.”