Pankow Financial Solutions Ltd
37 William St. E K7A 1C3 Smiths Falls, ON, Canada

Acting as an estate executor and trustee is a difficult and in many cases, risky job. From our experience, most people designate their children, a close relative or dear friend as executor without fully considering the person's ability to act in this capacity. There are numerous estate planning strategies that can reduce the work of an executor, and the risk he or she takes in managing an estate. Furthermore, there are methods of reducing or even eliminating the impact of the... estate administration tax and avoiding the cumbersome probate process. Careful estate planning can help ensure your affairs are dealt with promptly, effectively and at the lowest cost possible. We can help. Please contact us for a free consultation at 613-283-5510 or email [email protected].

As a full-service financial planning firm, Pankow Financial Solutions can help you plan and prepare for life's most important milestones and goals.

Investing in the financial markets can be stressful from time to time and it isn't uncommon for investors to seek out theories or strategies that can possibly increase returns and lower risk. Various forms of market timing would be one example of a strategy an investor may attempt to employ to do so. As this article from Morningstar indicates, staying invested for the long term and avoiding any attempt to time the markets or avoid anticipated market declines leads to superior performance. Evidence like this is even more valuable during difficult times.

Although fear and worry may lead to irrational decisions at the worst possible time, evidence has shown us time, and time again that remaining invested during periods of high volatility, market declines and even bear markets is the right choice. We understand how difficult that can be at times and we are here to help. Although we are minimizing face to face meetings with clients, we are available for reviews over the phone or via Zoom, FaceTime or other media platforms.

I’m reaching out to address the financial market’s recent reaction to the coronavirus pandemic and provide you with a perspective on what this may mean for your... investments. Financial markets have continued to exhibit high levels of volatility over the past several days as they react to factors that include reduced interest rates, a steep decline in oil prices and the economic and business implications of the coronavirus (COVID-19) outbreak. I am writing today to provide you with some further perspective on these developments and what the market’s short-term fluctuations may mean for your investments in the longer term. With the widespread outbreak of the coronavirus, markets are reacting to the impact on the global economy. Financial markets can be subject to periods of event-related volatility that may leave you feeling anxious with your investments, but it’s important to keep in mind that time in the market beats timing the market. It’s also important to consider the time horizon you have for your investments. There are three things I’d like to remind you that during times of market volatility: Volatility is a normal part of long-term investing. It’s important to take a step back during volatile times and keep an open mindset. By accepting short-term volatility, you can stay focused on long-term investment goals and take advantage of lower prices. Market corrections can create attractive opportunities. Corrections are a normal part of the stock market. They can be good opportunities to invest in equities as valuations become more attractive, which will give you the potential to generate above-average returns when the market rebounds. Avoid stopping and starting investments. By remaining invested, you will likely benefit from the long-term uptrend in stock markets. If you try to time the market, and stop and start your investments, you run the risk of hurting future returns by missing the best recovery days in the market. Above all, the most important thing to remember is that your existing investment plan considers stock market volatility, as together we have carefully designed a well-diversified portfolio while keeping your specific goals in mind. Although investing is a long-term commitment, market volatility can induce anxiety, and lead to ill-advised impulsive reactions. The key is to maintain a sense of calm by looking beyond the short-term volatility and envision the recovery. I hope that this information has provided you with some useful information and strategies to help withstand market volatility. At times like these, it is only natural to ask questions about your portfolio results and overall financial plan. If you have concerns about your portfolio, I am here to address them as well as to provide you with the most up-to-date information from all our investment companies. If you have any concerns or questions about your investments, please do not hesitate to reach out to me. Please stay informed and healthy by taking care of yourself and those around you. Barry Thompson Partner & Financial Security Advisor Pankow Financial Solutions Ltd. 37 William Street East Smiths Falls, ON. K7A 1C3 Sources: Fidelity Investments, Dynamic Mutual funds, Canada Life, CI Investments, Signature Global Asset Management, Manulife Investments, Cambridge Global Asset Management, Globe and Mail, National Post, Bloomberg Finance, and Trading Economics.

The risk and financial impact of a serious illness is too big to ignore. Let’s us help you understand how Canada Life can help you preserve your financial security should a critical illness affect your family.