Some Answers to Questions You Might Have (maybe)
Last week, Selectpath hosted an exclusive "market call" with Manulife's Cheif Investment Strategist, Philip Petursson (Phil's bio) and District VP Christian Tucci. This call was meant to help answer any questions our clients had as well as give some sort of explanation as to how we got into this mess to begin with.
The call was recorded and I am providing you with the link here. What I will also do, in the interest of your time, is to provide a list of Cole's notes (remember those?) and time stamps. This will enable you to skip to the questions YOU want to hear answers to.
Time Stamps
2:08 - There is no benchmark for what we are experiencing...
3:28 - The Government has hit PAUSE on the economy and will hit PLAY when we beat this
4:15 - A comparison to the 2008 crisis
5.53 - The speed at which the Bank of Canada reacted and attacked problems before they appeared
6.28 - Government adopted a "do whatever it takes" attitude to create stability; unprecedented stimulus to keep the economy alive (CERB, EI, wage subsidies, loans to small business, etc.)
8:16 - How long will this Bear Market last?
9:56 - What are the portfolio managers doing?
13:56 - Fear is normal, don't allow it to turn into a panic (2008)
15:18 - Phil's view on the Canadian dollar for the next 24 months
18:13 - Why did fixed income (bonds) go down so much? Weren't they supposed to protect against this?
21:39 - Should we take on more risk and add equities to our portfolio?
23:11 - What is the likelihood this will become a depression?
25:33 - What sectors will thrive during this time? Discuss Value vs Growth investments
27:52 - Are there any plans to create a new kind of fund in response to this?
29:13 - What "always" works - Balance and Rebalance
29:46 - I'm retired, what does this mean for me? What should I do?
31:51 - How will this new, larger Government debt affect the economy?
34:17 - Should I only buy Canadian based investments?
35:04 - Philip's model portfolio
36:38 - Passive vs Active investing now and going forward
38:30 - 4 key takeaways from this call
As always, if you have any questions or concerns, please email or call me. My "home office" number is 519-709-8062. I hope you are all staying home and staying safe.
Stay Awesome
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