Thursday 3 November 2016

Trump or Clinton: What is the Impact on Your Portfolio - What's On Your Mind? November 2016 Edition

Well the US election is finally days away.  It has been long and a bit of a circus.  The battle between Donald Trump and Hillary Clinton leaves a lot of people wondering whether either candidate will be good for the markets let alone the country.  Since we are in Canada, our only concern at the moment will be the markets.

There have been many studies done showing statistics whether it is a Democratic win versus a Republican win.  The problem we have is that the data is always in the past.  The past as we have stated many times is not indicative of the future.  Having said this, there is actually no scientific proof that either party has any long term effect on the markets.

Anything in the short term can make the markets move in any direction but the long term effect is not predictable.  When we look back we can always associate something to the market direction.  In the long run it will be the economic outlook for the country that will impact the markets.  Look what happened in 2008-2009.

You have to look at what your long term goals are and stick to your plan.  If you need cash in the near future, less than three years, then keep that money in cash.  Cash is king when you need it.  Don’t play psychic and try and predict the markets.  In the end you will probably lose because even if you cash out and sit on the sidelines during a downturn you will not accurately know when to get back in the markets.  The best plan is staying invested and focused on the long term goals.

So now we wait and see who wins and what the short term impact will be.

Linda J. Levesque, CFP®, FMA, FCSI
Sr. Investment Advisor
Director, Private Client Group HollisWealth Insurance Advisor
HollisWealth Insurance Agency Ltd.
Levesque Wealth Planning
HollisWealth, a division of Scotia Capital Inc.

                                                                                           

‘Saving Today for a Richer Tomorrow’™

WANT TO USE THIS ARTICLE IN YOUR WEB SITE?
You can, as long as you include this complete statement with it: Linda J. Levesque, Senior Investment
Advisor and Director, Private Client Group of HollisWealth is an author in The Authorities, Powerful Wisdom from Leaders in the Field.  If you're ready to jump-start your life, have more fun and joy in all that you do, get a FREE consultation from Linda J. Levesque 




This article was prepared solely by Linda J. Levesque who is a registered representative of HollisWealth® (a division of Scotia Capital Inc., a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada).  The views and opinions, including any recommendations, expressed in this article are those of Linda J. Levesque only and not those of HollisWealth®.  Levesque Wealth Planning is a personal trade name of Linda J. Levesque.
   ® Registered trademark of The Bank of Nova Scotia, used under license.
  HollisWealth is a trade name of HollisWealth Insurance Agency Ltd.
  Insurance products are provided through HollisWealth Insurance Agency Ltd.  



The 5 Minute Wealth Plan, How to Save Today for a Richer Tomorrow - What's On Your Mind? October 2016 Edition

                                                                              

This month I wanted to discuss my upcoming book launch. This book has been three years in the making. It is for anyone you know including yourself who may still be struggling financially. The book is the beginning and not an end.  It is a guide to get you thinking how you can save more money and get ahead financially.

I know how difficult it is to save money. I grew up quite poor in a large family.  At the time we didn’t know we were poor because we were like everybody else.  Everybody was struggling to get ahead financially.  Back when I was growing up for the most part, there was only one person working and supporting the whole family.  I guess I was a little luckier than others because my mother worked as a waitress.  Now you know waitresses don’t get paid much, but what she always had was a change purse full of coins.

We couldn’t have the latest and greatest of anything when I started working.  I started spending money like there was no tomorrow.  I had my money spent before I received my pay.  What I learned from that was that I didn’t have anything to show for it.  The tips in the book I share is from what I learned along the way.  Today I can say I am financially stable.  It takes work, discipline and a passion for wanting to get ahead financially.  I didn’t want to struggle my whole life. 

My father’s dream was to take my mother on a cruise after he retired.  That would’ve been a big vacation for them. Unfortunately my father passed away and my mother never got to go on a cruise for many years.  Life was difficult for my mother still having four kids to raise and no real career opportunities.  We made it.  My mother is still alive and living comfortably with a little financial help.  The point here is my mother didn’t have a lot of choices and how or where she was going to live.  She didn’t or was not able to save money, and my father didn’t leave her in a good position passing away prematurely and having no life insurance.

In the book you get enough ideas to get you thinking and realizing the basic things you must do in order to get ahead financially and have a richer tomorrow.  You have more knowledge and access to information than anyone had back when I was growing up.  My parents along with many other parents did the best they could with what they had.  Take advantage and read the book.  The book will be available soon on Amazon and free for clients when you come in for your appointment.


Linda J. Levesque, CFP®, FMA, FCSI
Sr. Investment Advisor
Director, Private Client Group HollisWealth Insurance Advisor
HollisWealth Insurance Agency Ltd.
Levesque Wealth Planning
HollisWealth, a division of Scotia Capital Inc.

                                                                                          

‘Saving Today for a Richer Tomorrow’™

WANT TO USE THIS ARTICLE IN YOUR WEB SITE?
You can, as long as you include this complete statement with it: Linda J. Levesque, Senior Investment
Advisor and Director, Private Client Group of HollisWealth is an author in The Authorities, Powerful Wisdom from Leaders in the Field.  If you're ready to jump-start your life, have more fun and joy in all that you do, get a FREE consultation from Linda J. Levesque 




This article was prepared solely by Linda J. Levesque who is a registered representative of HollisWealth® (a division of Scotia Capital Inc., a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada).  The views and opinions, including any recommendations, expressed in this article are those of Linda J. Levesque only and not those of HollisWealth®.  Levesque Wealth Planning is a personal trade name of Linda J. Levesque.
   ® Registered trademark of The Bank of Nova Scotia, used under license.
  HollisWealth is a trade name of HollisWealth Insurance Agency Ltd.
  Insurance products are provided through HollisWealth Insurance Agency Ltd.