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Assante Capital Management Ltd. June 2021

Assante Wealth Management

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Our Two Cents

From TMFG

 

Announcements
A special message from the TMFG team


We respectfully wish you
a Happy Canada Day.

 

LIFESTYLE
Light Read – Fun and Enjoyable!

Lifestyle

For most Canadians, getting in-person advice is top post-COVID must-do

A new survey states, "The COVID-19 pandemic has underscored the value of financial advisors for many Canadians." With a lot to worry about these days, your financial well-being shouldn't have to be one of them. Book a meeting with us today: https://www.tmfg.ca/contact-us/

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#advice #advisors #wealth #investing

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

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

Rob's Read

US small-cap value outperforms by widest margin since 2nd world war

Financial Times:

"Beaten up US small-cap value stocks outperformed large-cap growth ones by the largest margin since the depths of the second world war in the six months to the end of March, data show. The remarkable bounceback comes after a lengthy period in which small-cap and value stocks have undershot the broader market, despite both being widely recognised in academic papers as investment “style factors” that have historically generated long-term outperformance."

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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.

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

Rob's Read

The Pyramid of Investment Success

A colleague of mine wrote a compelling piece I would like to share with you.
- Rob

“The Pyramid of Investment Success”

What is the secret to multi-decade, inter-generational wealth creation? Fortunately, it can be summed up in one easy illustration I call “The Pyramid of Investment Success”.



Having been in the wealth management business since 1985, I’m convinced that over 80% of one’s long term investment success comes down to a single variable ... one’s individual behaviour. In other words, for many of us, our single greatest enemy in our quest for wealth creation is the person who stares back at us from the mirror every day! Somewhat counter intuitively it matters much less if you have the most scientifically determined asset allocation, if you have hired the world’s most successful money manager, if your fees are close to zero, or, if you have eliminated all tax consequences from your portfolio. If you panic sell just because the Toronto and New York Stock Exchanges have one of their temporary fire sales (also known as a bear market), then everything else just doesn’t matter. Think back to 2008/2009, or the most recent “Covid crash”, when so many individuals committed financial suicide by doing just that.

Once you have a handle on your behaviour and/or have a trusted advisor to help you through these periodic fire sales, (based on my experience, they occur about once every five years and take the markets down, on average, around 30%), then we can move on to the nextlevel of “The Pyramid of Investment Success”. More specifically, an optimized asset allocation that is customized to your defined needs and goals. An overwhelming influence on your lifelong returns will be determined by what percentage of your net worth should be in real estate, GICs and other fixed income securities, Canadian, U.S., and international companies/stocks. As an example, if 5% of your portfolio is invested in a magical company whose stock goes up 20% every single year but the remaining 95% is sitting in a GIC earning 1%, then I’m afraid your fantasy stock is not going to move the needle very much on your portfolio’s overall return.

The next level of investment success focuses on owning a diversified collection of world class companies –it’s much better to be an investor in great businesses than a speculator in Bitcoin or GameStop Corp. Next, make sure you have done all you can do to minimize taxes and, finally, ensure you are receiving fair value for the fees that you are being charged for having your financial life professionally managed.

Paradoxically, the financial media tend to focus on the top levels of the pyramid. I believe this is because fees, taxes, and security selection are much easier to quantify. As important as these issues are,do not be fooled. One must remain ever vigilant in order to ensure one’s behaviour is helping and not hurting. Do this and 80% of long term investment success may inevitably ensue for you and your family.

Keith N. Thomson CFP®, CIM®, FCSI®,MFA-P™ (Philanthropy)
Managing Director
CI Private Wealth

 

THE ENVIRONMENT
Light Read – Useful and Relevant

The Environment

The Carbon Footprint of Mining Bitcoin

Bitcoin has been under some scrutiny recently regarding the issues around carbon emissions and their token. The following article looks into what their carbon footprint is and why it even exists.

View Infographic 

#Bitcoin #Gold #Carbonfootprint #Environment #Crypto

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

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Watch The Latest Videos

 

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

Think Smart

 

We are happy to announce the 2021 Annual Scholarships. This year we are offering 2 Scholarships to Family members of the McClelland Financial Group for $2500 each. Subsmissions are due July 30th. You can find all the forms on our website at https://www.tmfg.ca/community-involvement/ Good Luck!

 

 

Virtual Lunch and Learn

with Jack Armstrong
(The Voice of The Toronto Raptors)

Join Us on Monday July 26th at 12 noon for our Virtual Lunch and Learn with Jack Armstrong, The Voice of The Toronto Raptors. Please feel free to share this link with friends, family or colleagues.

Event Date
July 26th, 2021
12:00 - 1:00pm

 

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Copyright © 2021 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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