InBest

The Bank of Canada has cut growth expectations for the Canadian economy from 1.7% to 1.2% during the last meeting of the central bank. The decline in home sales in major urban markets continues to be longer and deeper than expected. This all points to an economy that is nearing or at the brink of a recession. Price projections over the coming year see the Canadian dollar falling to potentially as low as 62 cents US. For an investor buying US equities and ensuring those inves...tments are held in US dollars, it represents the opportunity for an easy 10-20% return just on the change in the exchange. Even if the US economy faces a similar downturn the difference in exchange would likely offset this downturn completely. If you are looking for help InBest is here with lower fees than any major bank to manage or assist you in growing your wealth. https://business.financialpost.com//fidelity-sees-loonie-t

For those not able to attend the Berkshire Hathaway Annual Shareholders Meeting in person check out the livestream to glean some knowledge from the Oracle of Omaha on the companies future and market insights for 2019. https://finance.yahoo.com/brklivestream/

With a long term investment horizon of 10 years or greater the average investor should be looking to take a passive approach to investing. The average mutual fund eats 1-3% of your return year over year. This may seem like a small amount but it becomes significant with time and as your investment grows. Most investors hold these investments for years making regular contributions and minimal changes to their portfolio. You could be earning a significantly higher return just b...y switching to a passively managed ETF or index fund that charges a hundredth of the management expense ratio when compared to mutual funds. Most active management and portfolio managers fail to outperform the market especially when the high cost of management is factored in. Even fewer have consistently outperformed the market consistently, the market as a whole however consistently performs well. The S&P 500 has averaged an 11% return year over year and has done so consistently while overcoming numerous down markets. The illustration below demonstrates the impact of expenses, a hypothetical $10 000 dollar investment over ten years at a lower expense ratio nets you roughly an additional $2000 dollars of your money in your pocket, rather than your broker, fund manager or bank. We can help you design a portfolio that meets your needs, contact us today! See more

As InBest pointed out earlier in the week with sluggish global growth in the first two quarters and with the expectation for that to continue for the remainder of the year, stocks in these slower growth markets like Canada, and Europe edge lower. The other major concern is the fall out of Brexit as the UK is unable to reach a deal with the EU which will drive currency prices lower in both the UK and EU. Growth in the US remains strong look for greater exposure to the US markets which will hedge against a decline in the value of the Canadian dollar. InBest can help contact us today! https://www.wsj.com//markets-show-calm-after-brexit-delay-

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