Wishing you a
Happy New Year

DEEP DIVE
In Depth Article – Heavy on the facts and details definitely for the committed reader.

Rob's Read

Egalitarianism:
Inequality could be lower than you think

Economist.com:

"Even in a world of polarisation, fake news and social media, some beliefs remain universal, and central to today’s politics. None is more influential than the idea that inequality has risen in the rich world. People read about it in newspapers, hear about it from their politicians and feel it in their daily lives. This belief motivates populists, who say selfish metropolitan elites have pulled the ladder of opportunity away from ordinary people. It has given succour to the left, who propose ever more radical ways to redistribute wealth (see article). And it has caused alarm among business people, many of whom now claim to pursue a higher social purpose, lest they be seen to subscribe to a model of capitalism that everyone knows has failed."

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

Millennial MOMENT
Light Read – Need to know information for the Millennial in you

Millennial Moment

What happens to millennials in retirement if they never get into the housing market?

TheGlobeandMail.com:

No single issue highlights the financial predicament of millennials like home ownership. Rising tuition costs and the growth in temporary work at the expense of permanent jobs are definitely challenges for young adults today. But the cost of houses outweighs them because it affects their financial well-being today, and in retirement. A poll to be issued by KPMG on Thursday lays out the problem in depressing detail. Millennials are eager to buy homes and bear the financial load, but they also recognize that the cost of home ownership will hurt their ability to save for retirement. Some will never afford a home, which means they won’t have a potentially valuable asset to deploy as part of their retirement plan.

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John Iaconetti B.A.S., Spec. Hons. Administrative Studies (Finance) Financial Advisor The McClelland Financial Group of Assante Capital Management Ltd.

THINK SMART
Podcast – Listen to Mike and Rob and their latest thoughts and industry insights

Think Smart

Predicting The Gloom: Can we determine what the market will look in 2020?

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