What Happened on Monday and Tuesday? The acceleration of new coronavirus cases outside China over the weekend raised investors’ concerns over its potential ability to damage global growth. On Monday, the DOW fell over 1,000 points yesterday as U.S. equities suffered their worst daily drop in two years, finishing down 3.4% on the day. Emerging… Read More
The Smof Investment Blog
“Voters want conflicting things. They want a lot of government spending, but they don’t want higher taxes” – Bruce Rauner BC Provincial Budget Announced This week, the BC NDP government presented its 2020 Budget. Overall, the Budget calls for surpluses in 2019/20 ($203 Million), 2020/21 ($227 Million), 2021/22 ($179 Million) and 2022/23 ($374 Million)…. Read More
“Curiosity will conquer fear even more than bravery will” – James Stephens Weekly Update – By The Numbers North America Friday Close Weekly Change Weekly % Change YTD % Change Canada – S&P TSX Composite 17,655 336 1.94% 3.47% USA – Dow Jones Industrial Average 29,103 847 3.00% 1.98% USA – S&P 500 3,328 102… Read More
Between now and the March 2nd RRSP deadline, many of you will contact us to top up your RRSP. To make a purchase, you can call, e-mail or schedule a meeting with us. Here are the various ways you can fund your RRSP account: 1: Pre-authorized debit (PAD): If we have your banking information on file,… Read More
The last decade was very rewarding for investors and at almost 11 years, we are still in the midst of the longest U.S. bull market ever. However, most major economies are exhibiting late-cycle signs and are posting lower GDP growth. This stage precedes a recession and is typically characterized by economic activity that is still positive but slowing. Interest… Read More
We at Smof Investment feel it is beneficial to periodically review the basic tax-advantaged account structures available to Canadian investors. In this segment, we’ll discuss the Tax-Free Savings Account (TFSA): who will benefit from a TFSA, what it is and is not, how it works, and we’ll finish with some frequently asked TFSA questions. You… Read More