Dear Valued Client,
“The best way to measure your investing success is not by whether you’re beating the market but by whether you’ve put in place a financial plan and a behavioral discipline that are likely to get you where you want to go.”
– Benjamin Graham, author of The Intelligent Investor
Aloni Goh Wealth Strategy Notes:
After a slow start to the year, equity markets experienced a strong rally as evidence of abating inflation emerged. There is a growing sense that the expected upcoming recession would be mild as well. Our view is that there will not be a recession in North America.
This rally is showing signs of an emerging bull trend as opposed to a bear market bounce, and we are optimistic. We are coming out of a year-long correction in good shape and continue to be well-positioned for the resumption of the secular bull market. In the short term, there could still be bouts of volatility starting with the Fed meeting coming up in a couple of days.
Extra Reading:
We’re going to share the big secret with you when investing for retirement: there’s more than one way to get there.
You have a pretty good idea of what retirement looks like, but the path to your destination is often filled with twists and turns, some that can be foreseen and others that may not. At Aloni Goh Wealth Management, we help you discover your risk tolerance and objectives. Of course, everyone wants to see growth in their investment portfolios – why else would you invest? Our role is to help you achieve your financial goals because there’s a lot of nuance behind the notion of “growth.”
When an investor buys GameStop or AMC stock, they’re looking for growth. Except such investors often forget these high-flying public companies that dominate flavour of the week headlines had depressed stock prices for a long time for good reason – brick-and-mortar video game stores and theatres aren’t exactly cash cows. Their volatile stock price movements can cause a lot of financial and emotional stress, and the promise of big gains often come with the caveat of potentially big losses, and many investors forget that in the furor of bull markets.
Each of our managed portfolios, from the High-Yield Bonds to U.S. Growth, are designed to help you grow your assets in a more predictable manner. We typically eschew stocks that promise instant gratification because we know that investing for retirement requires a long-term plan and that the financial markets are often fraught with various kinds of risks. We generally stick to public companies with a more established track record in various sectors for diversification, and constantly look for and invest in fixed income assets that we feel offer higher yields relative to their risk.
Our approach and definition of growth is generally more conservative than traditional equity growth portfolios because we want you to sleep easier knowing that your portfolios will grow steadily over time while attempting to keep portfolio fluctuations to a minimum. Don’t just take it from us; SmartAsset, a private New York-based fintech company, lists 10 different investment styles depending on the investors’ needs and risk objectives. Needless to say, there are more than 10 different styles because each situation and style should be unique to you.
As part of our annual reminder, please remember that the TFSA contribution limit for 2023 is $6,500 and you may make the contribution at any time this year. The RRSP contribution deadline this year is March 1, 2023. Unused contribution room for registered accounts can be carried forward. Please contact us at any time to make your contributions.
As always, if you have any questions or wish to discuss whether any of the mentioned investments are suitable for you, please do not hesitate to call us at 604-658-3056 or email.
Best Regards,
Ron Aloni / Alan Goh / Jason Chen
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This commentary is intended for information purposes only and does not constitute an offer to buy or sell our products or services nor is it intended as investment and/or financial advice on any subject matter and is provided for your information only. Every effort has been made to ensure the accuracy of its contents. The views contained herein do not necessarily constitute the views of Leede Jones Gable Inc. Leede Jones Gable Inc. is licensed as an investment dealer in every Canadian Province and Territory and is a member of the IIROC and the Canadian Investor Protection Fund.
