If you’re just starting to take charge of your financial future, it can be stressful approaching financial planning with confidence. Do you ever talk to your financial professional and think that they’re speaking a foreign language? Between acronyms, money talk, and words longer than my arm, conversations can get overwhelming.
Earlier this week, the Federal Liberal Government tabled their election-year budget, albeit through historically unorthodox methods. As expected, several measures were included that were designed to appeal to voters, especially the segments that the current government had seemingly lost approval with.
Over the last decade, we have been experiencing one of the longest bull runs in market history. Coming off the heels of the Great Recession of 2008, many are calling this the most unloved bull market in history, as investors have been hesitant to go “all-in” on equity markets, expecting the shoe to drop and 2008 to happen all over again.
Over the month of October we experienced one of the biggest market retreats in some time, with the S&P 500 coming in at a 7.3% loss on the month, but dropping as much as 11% intraday through the month on October 29th(It is quite hard to pinpoint the exact reason for the sudden drop, as it could be a result of the ongoing trade disputes initiated by the Trump administration, the uncertainty
For all the hype that this past Federal Budget received, it seems like we have escaped the jaws of a lion and can sleep easy enough for the foreseeable future, counting the sheep!
In a recent interview with CNBC, after releasing the Berkshire annual report, Warren Buffet was quoted as saying:
“Mixing politics with investment strategies would be a big mistake”
Submitted by FPWM Securities
The new Liberal government delivered its first federal budget on March 22 in Ottawa.