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Assante Capital Management Ltd. August 2022

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with TMFG

Your Monthly Update on Everything Going On in Your TMFG Financial World All in One Place. Ask TMFG videos, Our Podcast, Fun and Interesting Articles, Updates, Events and More.


A special message from the TMFG team

Good Mental Health

Virtual Lunch and Learn

Learning to respond to adversity and distress

Virtual Event Sep 12th 12-1pm

Join Cindy Mosey a 30-year veteran psychotherapist with the Outpatient Mental Health Program at Mackenzie Health Hospital as she fills you with great and inspirational ideas for a better you.

Light Read – Useful and Relevant


Small Changes That Can Make A Big Impact On The Environment

We hear worldwide about significant environmental changes, from colossal flooding in Pakistan to devasting forest fires in Portugal. Although we are relying on Corporations and Governments to make impactful changes, every small step we take or individual we influence can have a very real impact. I hope you enjoy this article with a few suggestions on how you might become an environmental influencer yourself.

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Amber Mazurkiewicz
Marketing Manager
The McClelland Financial Group of Assante Capital Management Ltd.

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Light Read – Useful and Relevant


Bed, Bath and Beyond…the moon!

For those that thought meme-stock mania was dead, were met with a sudden and unexpected return. You may remember names like Game Stop, AMC, and Blackberry from early 2021. At that time, we were seeing their stock prices surge in value over short periods of time. Much of this can be attributed to retail investors participating in Reddit message boards like “wallstreetbets”.

Most recently, in late July 2022, the price of Bed Bath and Beyond (“BBBY”) hovered around $5/share but by mid-August was trading close to $30/share (an increase of just under 500%). The details of the sudden increase were almost identical to that of the 2021 meme-stocks – reddit board members start discussing a stock (typically a heavily-shorted one); interest increases, as well as demand, driving the price up; more and more investors buy; short-sellers start covering their positions; and then it peaks. Shortly after, the price falls as investors dump their positions, hopefully at a profit.

The excitement of achieving sky-rocketing returns in short periods of time is so enticing, but it can fail miserably. Read the attached article by Dimensional Fund Advisors to reveal how unlikely it is to be on the winning side of meme-stocks and why your long-term investment philosophy should avoid it altogether.

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

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Did You Miss The Fall Financial Checklist?

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Light Read – Useful and Relevant


What A Recession Means For Your Investments

This year markets have gone through their share of turmoil with high inflation, the war in Ukraine and now with impending interest rate hikes. These factors have led to talks around an impending recession. Usually when the word recession gets thrown around, the fear really sets in for investors. Today we will be looking at our history to see if this looming or pending recession is something to worry about.

What we will do is we will look through some data of past recessions. Now we know the past will not predict future outcomes, however it can give us a great reference point to understand just exactly what we are dealing with. For this analysis we will be looking at US markets as our reference points with all data being provided by Dimensional Fund Advisors.

Let’s start with the most recent and shortest recession of the last 100 years, and that was the COVID-19 recession which lasted just two months. The shortest recession in the past 100 years—and the deepest decline in GDP (–8.9%) since World War II—occurred in early 2020. The US stock market tumbled more than 20% as investors priced in the effects of the pandemic. But stocks made a sharp rebound and recorded a 24.1% gain for the year. Once the quarantines subsided and the economy opened up again, the markets shot up in value soon after, backed by government stimulus to its citizens.

Next the global financial crisis. During the Global Financial Crisis, the worst of the 50.4% stock market dive happened in the latter half of an 18-month recession that saw unemployment hit 9.4% and industrial production tumble 17%. The financial crisis was primarily caused by deregulation in the financial industry. That permitted banks to engage in hedge fund trading with derivatives. Banks then demanded more mortgages to support the profitable sale of these derivatives. They created interest-only loans that became affordable to subprime borrowers. But after falling for 16 months, the market started a nearly 11-year bull run.

Before the global financial crisis, we had the Tech Boom & Bust in 2001. Many investors may not realize that the stock market had started a deep decline before the relatively mild recession in March 2001, which followed the tech boom. From 2000 to 2001, the Federal Reserve, in a move to protect the economy from the overvalued stock market, made successive interest rate increases. Using the stock market as an unofficial benchmark, a recession would have begun in March 2000 when the NASDAQ crashed following the collapse of the dot-com bubble.

That was just the three most recent recessions, with their being another 13 recessionary periods in our last 100 years. Even at the absolute worst recession in our history, which was the great depression in 1930-1932, the recession lasted only 33 months. Now when we invest, we don’t focus a 33 month or 18 month timeframe, we intend to invest for much longer, so the story of recessions and our market is much more interesting when we zoom out and look at what happens over that 100 years.

Over our 16 total recessions over the last 100 years, each one of them due to their own unique circumstances. However, over that 94 years of data we see the value of $100 grow to approximately $1,000,000 in that timeframe. Further proving our message that the truly successful investors are the ones that stay disciplined, even during the hard times, because success is determined by time spent in the market.

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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Fun and inventive ways to see interesting ideas!

Fun Charts

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Last call for Beat The Heat!
Due to popular demand we have extended Beat The Heat transfer in summer savings until the official last day of summer September 22nd

Contact Michelle at: [email protected]


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

Think Smart

What You Should Expect From Your Financial Advisor

As consumers, we are hearing a lack of service placed squarely on the shoulders of COVID -19 and “supply chain demand.” Still, this sentiment seems to have permeated even the financial services industry. Today on ThinkSmart with TMFG Financial Advisors Rob McClelland and Mike Connon go through what they believe you should be looking for in an Advisor.




The Stock Market Recovery Has Begun!

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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.

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.

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