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What could sports betting and gambling possibly have to do with an economic and market update? Well, it’s 2020 and it seems anything is possible. Here is the connection.

The stock markets in 2020 have resembled riding a wild roller coaster for investors. Despite a very weak economic outlook earlier in the year due to uncertainty surrounding the coronavirus, major global stock markets have recovered most of their losses for the year.

We had the pleasure of being included in this May 27/2020 article in The Signpost on how we are servicing our clients during these challenging times. Written by Julie Neufeld and reprinted with permission from The Signpost.

The market turbulence brought on by the Covid-19 pandemic has been difficult emotionally for many investors as they take stock of the transition into recession territory on their portfolios. Investors have questions and there are some valuable things to understand if you find yourself uneasy about your investments.

According to the Canadian Anti-Fraud Centre, there have been a number of COVID-19 related scams aimed at the most vulnerable by taking advantage of fear and misinformation. It’s important to keep yourself and your loved ones, especially those who may be more susceptible to fraud, armed with the facts.

Amidst the economic fall out of the Covid-19 pandemic, the Canadian government announced a 25% reduction in RRIF minimums as part of a multi-billion dollar relief package.When you are in a RRIF, you are mandated to withdraw the minimum amount required by law each year. In this scenario, when the market drops drastically the RRIF payment you receive equates to you selling that portion of your portfolio at a low.

It’s the ‘average Joe’ who has enough information to sound like they know what they are talking about, a hearty dose of over confidence, and a desire to be seen as an expert who is the most dangerous.

While we don’t know what the ultimate effects of the coronavirus will be on investment markets, it can be helpful to look to the history for reference and see how the market has performed during virus outbreaks in the past.

Equity markets around the world are falling as investors react to the increased economic risk posed by the spread of the Coronavirus, or COVID-19.

We can feel bombarded with responsibilities screaming for our attention daily. Worries of not having a financial plan with RSP and/or TFSA investments can loom in the background. Sometimes the thought of climbing a mountain seems overwhelming but the thought of taking just one step is manageable. Focus on taking the first step.

In the spirit of a high level overview, there are some options available to Canadian investors to pay for the advice and service they receive from their investment advisor.

Christmas is noted as one of the most stressful financial times for people, and rightfully so. Christmas in our culture seems to carry with it a financial burden that can be hard to swallow.