“A society grows great when old men plant trees whose shade they know they shall never sit in” – Greek Proverb Weekly Update – Market Turbulence Continues Global stock markets experienced another tough week, culminating in the arrest of a top Chinese technology executive that drove another wedge in U.S. – China trade relations. Markets… Read More
The Smof Investment Blog
“Savings, remember, is the prerequisite of investment” ― Campbell McConnell Annual Tax-Free Savings Account Limit Increases to $6,000 for 2019 The annual TFSA increase rose from $5,500 in 2018 to $6,000 for 2019. You might be asking, “why the increase?”. The answer is that the annual dollar limit increase is tied to inflation and rounded to the… Read More
“Put the politicians on minimum wage and watch how fast things change” – Author Unknown Market Wrap-Up The major North American, European and Asian markets all finished down for the week, as market uncertainty continued. However, Friday saw the S&P 500 and Dow Jones Industrial posted gains to close out the week, while the NASDAQ… Read More
“Voting is as much an emotional act as it is an intellectual one” – Monica Crowley North American Markets Down Friday, Up for the Week On Tuesday, Americans went to the polls and cast their ballots for the 2018 Mid-Term Elections. Analysts’ predictions of a Democratic House of Representatives and a Republican Senate held… Read More
“Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves” – Peter Lynch Another Down Week for Markets The market retreat continued this week, with the TSX and S&P 500 finishing the week down 3.76% and 3.95% respectively. The total drop from the… Read More
“In the old legend the wise men finally boiled down the history of mortal affairs into a single phrase: ‘This too will pass’” – Benjamin Graham The Stock Market Pulls Back This week, markets pulled back in a noticeable way. The S&P/TSX Composite Index finished down 3.3%; the S&P 500 was down 3.9%; the… Read More