Key takeaways: Tactically increased bonds, decreased international equities*
We are taking a slightly more defensive posture by trimming international equities and adding to bonds. This is indeed a tactical, but measured decision. It is a move in a more conservative direction with an eye towards taking potential risk exposures incrementally lower.
“You build on failure. Use it as a stepping stone and close the door on the past. Don’t try to forget the mistakes, but don’t dwell on it.” Johnny Cash
Provide a tax efficient income stream for your surviving spouse
Like many Canadian business owners, you may be holding money in your corporate account in GICs and other short-term investments to avoid market downside risk. Consider segregated funds as an option in your corporate account to maximize investment returns and get efficient tax and estate planning.
I remember being a little taken back when Dr. Tim Foggin, Teladoc’s Medical Director for Canada, first mentioned that only about one in 10 doctor consultations require physical touch to be effective:
“Many patients and family physicians have been surprised to learn in recent months what we have known for several years: that many—and some would say most—consultations benefit from physician skills and involve patient needs that do not need immediate physical touch. Family doctors in Canada are telling me that around 10% of consults, sometimes less, need to be in person. The landscape has changed dramatically due to this new understanding.”
As a lawyer who formerly specialized in advising clients about estate planning, I’ve seen firsthand how important it is for Canadians to make a Will. Whether it’s to maximize the estate you leave behind for the next generation, or to make sure your wishes are carried out the way you planned, making a Will is vital. Despite this, over half of Canadians do not have a Will![i] That’s why I take the opportunity in November to mark Ontario’s “Make a Will Month” and to promote this crucial aspect of estate planning to advisors, friends and colleagues.
Key takeaways:
Emblem Portfolios - Canadian: September 22, 2021
Emblem GIF Portfolios - Global: September 27, 2021
Ian Fung discusses the potential impact on the market as a result of the U.S. Federal Reserve announcement.
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