The McClelland Financial Group Newsletter

Halloween Movie Night

October 30th 2020
Stardust Cinemas – Mount Albert

A bit of old fashioned fun was had by all. The Stardust Drive-In hosted approximately 150 McClelland Financial Group clients, friends and family at its Halloween Double Feature Spooktacular Event.

The Monster Mash played in the background and you could just about see the poodle skirts a swayin’ as it seemed it was 1954 again. The Pink Ladies from Grease Lightening joined the gang the for night along with ghosts and ghouls of all ages and sizes.

It was a chilly night but everyone stayed warm enjoying hot buttered popcorn from the snack bar and snuggling into their blankets. Following the dancing hotdogs and sodas, the cult classic The Nightmare Before Christmas was first up followed by another 1980s classic starring Michael Keaton as Beetlejuice. We’d like to thank all who were able to attend and we look forward to more fun, socially distanced events in the months to come.

Help bring more Ease & Flow into your life
Physically, Mentally, Emotionally and Energetically.

Virtual Zoom Yoga Event

with Marda Sperber

November 12th
12:00-1:30pm

Marda will meet you where you are at, without judgement, for an interactive experience of guided breath-work and gentle physical exercises - helping to release stress, worries and tension in your body and mind. Invite more calm, ease and mindfulness into all areas of your life.

RSVP [email protected]

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

Rob's Read

Eugene Fama - Inflation is Out of the Control of the Central Banks

TheMarket.ch:

"Few economists have had a greater influence on the financial markets than Eugene Fama. According to his Efficient Market Theory, competition among investors is so intense that all information and expectations are immediately and correctly priced in. Therefore, it’s impossible to beat the market in the long-term.

Never shy of making pointed statements, the Professor of Finance at the University of Chicago doubts the power of the central banks. «The business of central banks is like pornography: In essence, it’s just entertainment and it doesn’t have any real effects», he says. In contrast, he warns that investors could begin to question the credit worthiness of governments because of the high national debt levels."

View Article 

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

FINANCE
Light Read – Useful and Relevant

Finance

Presidential Terms and their long-term impact on the market

Are you one of the many investors who are awaiting the results of the US election to make an investment decision?  Well, don’t waste another minute of your life worrying about it.  I have a bold prediction…regardless of who wins, there will be a market drawdown of at least 15% during their term as president.  For reference, a drawdown is the peak to trough rate of return, during a specified period, before it recovers back to its peak.

Why am I so sure?  As I’ve talked about in the past, the global market is volatile.  On any given day, the market can be up, or down, depending on real-time information that day.  In every past president’s term, going all the way back to Herbert Hoover in 1929, there has been at least a 17% drawdown.

The worst drawdown occurred in Hoover’s term.  The US market was down 86% over a specific period.  It makes sense as Hoover’s term started right before the Great Stock Market Crash of 1929 (October).  The least drawdown occurred in Jimmy Carter’s term.  See attached chart.

Democrat or Republican President, the market will do what it has always done – provide growth over the long term.  When you break it down to brass tacks, what is the market?  It is a collection of all publicly traded companies.  When you invest in the market, you are becoming a shareholder in these companies.  Companies are in the business of generating profits for their shareholders.  The following chart illustrates the market in action, regardless of the party in the White House.

I am certainly not advocating that short-term investors ignore the current market environment.  However, given historical data on presidential terms and subsequent market performance, I am simply suggesting that investors not base their long-term investment decisions on election results.

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

OPINION
Light Read – Editorial

Opinion

Quality vs. Quantity

Funny, as I flip through Tik Tok (I just downloaded to keep in touch and understand my kids), I realize we are losing the quality control that we have expected from the media in the past. Access to information has increased at an astronomical rate. For years, we complained about all the “in-between” parties. The magazine and newspaper editors, the record company executives and the publishers for limiting our access to talent. Now that we have access to everything, I have gained a new respect for all those parties for filtering through so much to provide us with a quality media experience. It is wonderful that everybody now has the ability to easily access the entire world as their audience. However, as a consumer of information, I have been disappointed. The price is awesome, but the experience is limited.

Andy Warhol was entirely accurate when he said, “everybody gets their 15 minutes of fame.” Unfortunately, it is no longer being limited to 15 minutes. We have lost the gatekeepers of media. When we paid for entertainment in the past, we understood who was getting paid and why. It may have not always been fair but at least there was a system. Now, everything is free but your buying habits and personal information have become the price of admission. Applications like Tik Tok have now reduced our attention span to 15 seconds. Drugs introduced to market, that were as addictive as this new form of media, would be banned immediately. Instead, it is being directly distributed to our children. Technology, in any form, can create efficiencies and ease the burden on many processes. That said, we must remain aware of the consequences of “too much of a good thing”.

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.

Deep Dive

Global Internet Usage Per Minute

Have you found your screen time has gone up this year. You are not alone, on average our internet usage has continued to rise and 2020 is no exception. The following article looks at the activity growth in internet usage and what we can do with it.

View Infographic 

#internet #visualcapitalist #usage

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

INSURANCE
Updates and insights on Insurance needs and products

Finance

Does Insurance Ever Come to Mind?

Does insurance keep coming up in your hundreds of thoughts throughout the day but you’re not sure which direction to take or what your needs are so the thought stops there? This happens to a large majority of us. We think insurance is this complicated thing that we know somehow, we need, but we don’t know how to get it or what to get.

Car insurance, phone insurance and house insurance are all considerably easy to understand and are typically mandatory when purchasing one of those items. Life insurance? Disability insurance? Critical illness insurance? Not so much. However, these types of insurances are debatably much more important than the previous mentioned insurances but only a small percentage of us Canadians have them.

Assante has written a very thorough article called “A Lifetime of Financial Security and Peace of Mind” with everything you would need to know about the several different types of personal and disability insurances. This article would be a great starting point when those thoughts come to your head again, just find your insurance of interest and start reading from there. Next step? Schedule an appointment with your financial advisor to walk you through an insurance needs analysis for your own personal assessment. Happy Reading!

View Article

Chelsey Chartren B.Comm. Financial Advisor The McClelland Financial Group of Assante Capital Management Ltd.

LIFESTYLE
Light Read – Fun and Enjoyable!

Lifestyle

When Traditional Education Fails, Self-Learning Saves

Some may find online learning lacking and not having the same outcome as a traditional classroom setting. This article discusses how "now is a golden opportunity to encourage young people to utilize alternative education resources and foster excitement for deep learning in subjects of their choosing."

View Article 

#Education #School #Learning #COVID19 #Growth

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

Ask TMFG

Coping Financially with the Second Wave

Watch The Video

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

Think Smart

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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