If you are like me, you have probably been made aware that life insurance is an important part to estate planning and tax-free wealth accumulation. However you might have many questions - such as:
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A popular topic of discussion within the investment community and rightly so is "have equity markets bottomed"? Though we don't get to find out until after it has occurred, here is some data and interest facts that may help you better answer this pressing question and help you through your investment performance.
Consider the following facts:
Recently we conducted a web conference to introduce PI Financial's discretionary managed accounts program (more info here).
In my last blog post (read here) I highlighted PI Financial's discretionary managed accounts program. This program is overseen by our internal portfolio management team who manages six unique model portfolios consisting of mid to large cap equities, bonds and ETFs.
Ever since PI Financial was acquired by Gary Ng - a young, aggressive entrepreneur in November 2018 - the firm has recommitted itself to becoming the leading independent investment firm in Canada. This means re-introducing the firm to existing clients and making itself known to the investing public.
I believe we are in the early stages of a significant bull market for precious metals, namely gold & silver, and the precious metals equities. The previous bull market for gold and silver (and the equities) was roughly from September 2008 - September 2011.
As highlighted in my previous blog post here, I believe we could see a short term bottom in the cannabis sector near this year's tax-loss selling deadline of December 27th.
Tax loss selling is a proven strategy used by investors to reduce their tax bill. It can be employed at any time during the calendar year up until the tax loss selling deadline (December 27th this year). Though this is the case, most investors wait closer to the deadline to crystallize their losses.
Over the last six years, the mining sector has had glimmers of hope. There have been too few successes to cheer about, although there have been a couple darlings in the space. One in particular that stands out is SilverCrest Metals (TSX:SIL).