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Assante Capital Management Ltd. March 2020

Assante Wealth Management

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The McClelland Financial Group

Share Your Comments In Our New Comments Section Coping with COVID-19

What have you been doing to stay sane and healthy during these difficult times while social distancing? Are you puzzling over puzzles, walking in the woods, watching old movies?

We've added a new section on the www.TMFG.ca homepage for the entire TMFG family to share what they've been up to. Tell us your stories and what helps you pass the time these days.

Click Here To Share Your Story!

Note: All submissions will be reviewed and then published to ensure the content is family friendly. Comments related to the markets, investments, or securities for compliance reasons cannot be posted. Should a comment of such a nature be posted it will be deleted.

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

Rob's Read

Four things you should know before taking your next move as an investor

When pandemic scare stories dominate social media, and stock markets ricochet from panic to optimism, what should a rational investor do?

Here are four helpful thoughts to keep in mind. They can help maintain your sanity as the latest news blows your emotions one way or the other.

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

OPINION
Light Read – Editorial

Opinion

Thought For The Day

Yesterday I walked into the bathroom in my house and turned on the light. The light bulb blew as I turned it on. Now, we have all had this happen many times before. I did not have any extra of these bulbs in my house. I know this is a different time than it was a month ago. But the question is out there. Am I going to buy new GE lightbulb or sit in the dark? It feels the market is assuming I am going to sit in the dark for the next few years. Rest assured, there is a light at the end of this tunnel, and if the light goes out, it will be replaced, and the businesses producing the light bulbs and the store selling me the light bulb and either the delivery service or the transportation system I use to get the lightbulb will still exist and do just fine. Just a thought.

Michael Connon B.Sc, CFP
Senior Financial Planning Advisor, Co-Branch Manager
The McClelland Financial Group of Assante Capital Management Ltd.

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

Lifestyle

Taking Your Own Advice –
Easier Said Than Done

Ignore the noise. Don’t get emotionally involved. Stick with the plan. This is essentially our mantra in managing our clients’ portfolios.

Don’t get me wrong, I don’t for a minute take this for granted. It can be a very difficult thing to do, especially when it feels like everything around you is falling apart. What I have realized is this advice can be relevant to other facets of life. I encountered it very recently.

Early this past Monday morning (1:30am), I arrived back from the Philippines. It was myself, my two eldest kids (Maeve, 9 and Christian, 8), my cousin and her family and a couple of aunts and uncles. We had been in the Philippines for two weeks, and each week was a completely different trip.

Our first week was amazingly busy. 3 different islands over 6 nights. 10 hours of driving to different exotic locations. There were enough experiences to fill the entire 2 weeks of our trip. And then, everything completely changed…

As the world evolved around COVID-19, so did our trip. Cities and towns were designated under lockdown. Tourist attractions closed. And, the news got worse on a daily basis. Our resort underwent its own lockdown and we started our own version of self-quarantine. There were only 10 rooms in this resort, 9 vacant (we were the only guests remaining). This was going to be our lives for the next 8 days and 7 nights.

Unable to leave the grounds, we were afforded too much time to stay “informed”. We were glued to our phones, soaking up every new bit of information. And it wreaked havoc on our emotions. From loved ones, to the prime minister, the pleas of “come home now” were debilitating. The closing of cities and towns in the Philippines was frightening. Military personnel, toting automatic weapons manned checkpoints at the entry of every village. Were we doing enough to try and get home. Was it even possible?

I capitulated at the announcement of the 72 hour window to leave the country. Our scheduled flight to leave was on the bad side of the window. However, there was a glimmer of hope. Our airline indicated that they were in discussions with the Philippine government concerning the status of flights outside the 72 hour window. There was still a chance.

On March 20th (first day after 72 hours), the airline announced that flights from the 22nd (our scheduled date) to March 31st would be operating. We were elated. But, was this just a dead cat bounce? I tried not to be too excited and stopped counting my chickens. Up and down, my emotions ran in tandem with the market.

On March 22nd, ecstatic on our way to the airport, we received an email stating that our flight was cancelled. Not again! Following our agonizing 4 hour wait to speak to an airline ticketing agent, we were told that the earliest flight to reschedule was April 2nd. Nope, not happening. The thought of another 11 days in the locked-down country was unacceptable. We were successful in scrambling to find another flight, leaving that day, in 2 hours, with 2 stop overs. After 22 hours of travel time, we touched down at YYZ at 12:01am Monday, March 23rd.

This experience has reminded me that, as easy as it is to preach, you cannot begin to feel how emotions affect an individual, until you experience it yourself. I have a renewed sense of empathy for people feeling anxious about markets, health or personal finance.

In the end, my ultimate goal was achieved – I was able to come home on my scheduled date. However, it was much more stressful than necessary had I not involved myself in the day to day rollercoaster ride of the news. Similar to investors’ experience in the market. Ignore the day to day noise. With a proper plan and a sound investment strategy in place, your ultimate goal will likely be achieved with a more enjoyable journey.

Carlo Cansino FMA, FCSI, CFP
Senior Financial 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

Stay Calm

Stuck in your home, with nothing to do. With all the negative news going on, its easy to get swept up in all the negativity. People today are likely more stressed and on edge than usual. This article looks into some simple activities you can do while social distancing to help keep calm.

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

LIFESTYLE
Light Read – Fun and Enjoyable!

Lifestyle

Visualizing the History of Pandemics

How does the coronavirus look compared to other pandemics?

While it may not look as severe as other diseases on this list it is extremely important we take all the right steps so that it doesn't get even worse.

Click here to view the infographic in full size

Michael Ams B.Com.
Strategic Associate
The McClelland Financial Group of Assante Capital Management Ltd.

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

Rob's Read

How Does the Market Crash
Impact Retirees?

For young people and those with a long investment horizon, a market crash can be a great opportunity to start investing or add to their existing investments.

For retirees, market crashes can be a lot scarier and serves as an even greater reminder on the importance of having a solid financial plan. Want to know how a market crash impacts retirees? Check out this article.

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

WHAT’S NEW?
Light Read – Updates on need to know details for Assante clients on technology and industry changes

Update

COVID-19
What We’re Doing to Keep You
and Our Team Safe

We hope everyone is continuing to stay safe and healthy.

With the latest announcement from our premier to close all non-essential businesses, and in the best interest of our clients and team, we closed the office earlier this week.

Although our doors will be closed, we remain available to assist you as we operate remotely. Our office hours continue to be Monday to Friday, 8:30 am to 5:00 pm. Please contact us at (905) 771-5200.

Meetings

All meetings will be conducted via telephone/web conference using GoToMeeting. GoToMeeting is an easy-to-use online video and telephone conferencing software that allows us to meet virtually and share our computer screen.

Click here to learn how to use GoToMeeting, test your system compatibility or try a test session

Always be ready for your meeting by downloading the GoToMeeting app to your computer or mobile device - Download now

Deposits

At this time, we are unable to accept cheques for deposit. Deposits can be made using online banking or contact us for a pre-authorized debit to your bank account.

Tax Service

CRA has extended the tax filing deadline for individuals to June 1st . Taxpayers will have until September 1, 2020 to pay any 2019 income tax amounts owed.

For clients using TMFG Tax Service, we encourage you send your tax packages electronically. Packages sent to the office will be reviewed weekly and will therefore take longer to process. Packages can be sent electronically via email or easily uploaded to Box, our free online client file sharing and storage system. Below is a short video on how to upload files to Box.

 

Click Here to Register for BOX

Click here for more updates from Canada Revenue Agency

 

The McClelland Financial Group remains committed to providing you with support and excellent service. As always, if you have any questions or concerns please contact our office and we look forward to welcoming you back soon.

Warmest Regards,

Your TMFG TEAM

Click Here To Watch Our BOX
How To Video

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

Think Smart

Lessons Learned From 2008

We’re seeing the effects of Coronavirus and supply chain disruption. What do the markets look like during this time? Will we finally go into a recession? This and more today on ThinkSmart.

LISTEN TO THIS PODCAST

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Copyright © 2020 The McClelland Financial Group.

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.

Commissions, trailing commissions, management fees and expenses, may all be associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Please read the Fund Facts and consult your Assante Advisor before investing.

Certain employees of (TMFG Tax Service) maintain a relationship with Assante Capital Management Ltd. (“Assante”) through which they sell investment products. The relationship that they have with Assante does not include tax preparation services which (TMFG Tax Service) is solely responsible. (TMFG Tax Service) is not associated in any way with Assante, and Assante has no responsibility for the tax preparation services offered by (TMFG Tax Service).

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