When new people come to see me, they typically need 2 main services from me; Risk Management (Insurance) or Investment Advice. I provide a variety of services that fall under either of these 2 categories. From Insurance policies and plans for Personal or Corporate clients, to Health and Dental plans, to Investment Products and services such as RRSPs and Mutual Funds.
Have you thought about RESPs for your children? Did you know you could buy RESPs for your grandchildren?
Come in or phone me today 403-502-5257.
In recent months, we have seen a dramatic improvement in the confidence of the business and investor community. This confidence has been reflected in a rally on the global stock markets. Since reaching a low for the year in early March, Canada’s S&P/TSX Composite Index has risen 37%, and has now posted a gain for the year-to-date (at June 30) of almost 18%. International markets have shown similar strength, with the U.S. S&P 500, for example, bouncing back 36% from its March low, to post a gain of 3% for the year-to-date.
The housing sector is showing signs of stabilization, credit is beginning to flow, manufacturing activity in the U.S. is increasing and the pace of job losses is slowing. While it would be premature to call the recession over, it appears that the worst is behind us and many economists are now predicting a rebound in global economic growth in the fourth quarter of 2009.
Moving forward it is imperative that we continue to filter out the shorter term “noise” of the markets and the economy, and continue to focus on our own long term goals and objectives. In doing so, we can ensure we have the right plan in place for you.
It is wise to be prudent, given that markets are volatile and it’s likely there will be a few negative economic reports before we experience a full recovery. At the same time, it’s important to remember that equity markets anticipate, as well as react to developments, and they typically rebound ahead of the actual turnaround in the economy. The recent rally shows how such moves can occur quickly and unexpectedly. That’s why I believe it is important to retain some exposure to equity investments. If you have been reluctant to invest further in the capital markets, you could consider conservative investment strategies such as:
Dollar cost averaging, in which you invest a predetermined amount on a regular basis, taking the emotion out of investing. Reviewing and perhaps rebalancing your portfolio’s asset allocation, which involves adjusting the mix of equity and fixed-income investments.
Do you know that any child born in 2005 or later has $500.00 of free Education Grant money available from the Province of Alberta? Not only that, but for every $100 that you contribute to your child's or grandchild's RESP, the Federal Government contributes an additional $20 of free Grant money. To set up your plan today, please contact me by phone (502-5257) or email  info@kenserr.com
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