Dear Valued Client,
“History provides a crucial insight regarding market crises: they are inevitable, painful and ultimately surmountable.”
– Shelby M.C. Davis, investor, philanthropist, and former VP of The Bank of New York and the Boston Bruins
Aloni Goh Wealth Strategy Notes:
Equity markets were mixed in May, with the U.S. indices higher and the TSX lower. The U.S. indices were boosted by outsized gains in big tech while the TSX was more reflective of the broader equity markets. The bottoming process is still on-going, and we expect further generally directionless action over the next few months.
We are holding our current equity allocations and positions while investing income and distributions as they come in. Stocks and bonds are very favorably priced for entry for the long term, and we advocate investing new funds to take advantage of this opportunity.
Extra Reading:
The economic and market headwinds and the volatility of the markets have put investors on guard, and rightfully so. It’s the nature of human psychology, and taking the emotions out of a painful and lengthy decision-making process is incredibly difficult. That’s why you’ve hired Aloni Goh Wealth Management to handle your investments, because we’re the ones who can help you discover the appropriate amount of risk and help guide you through rough waters. Here’s how emotions can affect your decisions, from a recent article courtesy of Fidelity:
- Fear of not having enough money could lead to decisions based on panic rather than sound financial principles.
- Greed can cause investors to focus on short-term gain over long-term returns.
- Stress could impair our brain’s executive functions, causing us to avoid crucial financial tasks like budgeting and expense reviewing.
- Joy can influence investors to make quick reactive financial decisions without considering consequences, potentially leading to overspending, taking out unnecessary debt or choosing poor investments.
Source: Canada Life
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.
