Stack the Odds!

We get so many questions about what is going on in the current markets — what are we doing, what do we think, and how are we protected? The reality is with investments and all things in life, there are things you can control and things you cannot. The choice is yours as to which side you put your effort into.

We get so many questions about what is going on in the current markets — what are we doing, what do we think, and how are we protected? The reality is with investments and all things in life, there are things you can control and things you cannot. The choice is yours as to which side you put your effort into.

My belief is that you should not waste any time worrying over things you cannot control. On the flipside, you should do everything within your means to stack the odds in your favour for things that you can control. This is never a guarantee but an improvement of your odds. We cannot guarantee that you will live to age 85 but if you eat well, exercise and see doctors on a regular basis, your chances improve. Again, there will be people that have a horrible diet and exercise routine that make it to age 100 and some people with a great regime that die at age 50. But again, these will be the outliers.

With regards to your financial life, you have no control over what Trump will do next. You have no control over natural disasters, different weather patterns, government coups or wars. You do not know how and if they will affect the stock market. However, you do have control over how diversified your portfolio is, and how much protection you have in it. You do not have full control over your health, but you do have control over the insurance you have in place to protect you. You do not have full control over government decisions affecting the tax regime, but you do have control over the tax structure of your portfolio.

Successful people never just base their lives on guarantees. They live their lives attempting to tilt the odds in their favour. Over time, they always get rewarded. Our team strives to do everything possible to keep the odds tilted in your favour.

Michael Connon, B.Sc, CFP®
Senior Financial Planner, Co-Branch Manager
Certification in Estate Planning and Trust Strategies

The McClelland Financial Group
of Assante Capital Management Ltd.



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