All That Glitters

In times of turbulence in the market many clients asked me my thoughts on gold. Here is some information I think you might find interesting.

Richard Wylie's latest edition of The Big Picture commentary explains that during times of heightened uncertainty, investors have sought the refuge of lower risk investments. One of these so-called safe-haven investments, gold, has a particularly long history of attracting attention during periods of political and social upheaval.

View Article (PDF)

Rob McClelland RFP, CFP, HBA Vice President, Co-Branch Owner, Senior Financial Planning Advisor The McClelland Financial Group of Assante Capital Management Ltd.

Making the ‘big bad digital world’
safe for children

View article on The Globe and Mail

I have a lot of things in common with the author of this article, Erin Barton. We both have 3 young children; they all have access to digital devices; my 8 year old thinks she is twice as old as she is; and we have already started having the conversation about safety and privacy on digital devices.

The simple solution would be to keep them off the devices until they are older, but there are so many educational opportunities for them (and, I can’t deny that they are best and cheapest babysitter going).

Inevitably, our kids will have their own devices and will be free to do whatever it is they want to do on social media. I shudder at the thought but teaching them at a young age to be responsible and safe will give them the tools to make good decisions later.

Carlo Cansino, FMA, FCSI, CFP Senior Financial Advisor The McClelland Financial Group of Assante Capital Management Ltd.

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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Assante Capital Management Ltd. is a Member of the Canadian Investor Protection Fund and Investment Industry Regulatory Organization of Canada. This material is provided for general information and is subject to change without notice. Every effort has been made to compile this material from reliable sources however no warranty can be made as to its accuracy or completeness. Before acting on any of the above, please make sure to see me for individual financial advice based on your personal circumstances. Insurance products and services are provided through Assante Estate and Insurance Services Inc.

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