Global markets since early March have continued to trade with a mildly cautious tone following strong gains of the past year. A period of consolidation should be expected as profit-taking sets in, economic forecasts catch up to the recent firming in activity data, anticipated timelines for President Trump’s pro-growth legislative agenda lengthen and geo-political noise picks up on a multitude of fronts. Given this bout of market volatility has been quite mild (S&P500: -2%; TSX: -1.7% from their late February – early March peaks) and orderly thus far, there is scope for further modest consolidation over the remainder of the second quarter within the normal bounds of this late-stage bull market. To be sure, economic fundamentals remain on solid footing with the global recovery broadening out to Europe and Asia with particularly encouraging data out of China in recent weeks. Thus, the medium-term backdrop for global markets remains constructive and we see any second quarter market pullback as an attractive opportunity to put cash to work.
The first three people to RSVP to this event will receive a complimentary copy of the book Smart Women Finish Rich by David Bach!
There have long been stereotypes about women and money, and unfortunately, they’re not typically flattering. If you think of the films and television shows of our youth, the perception was clear: men made the money, men paid the bills and controlled the money, and women spent the money (often frivolously, and to the dismay of their male partners).
Now, we know this line of thinking to be outdated, and also untrue. Women often contribute to household incomes – even out-earning their male partners – and they are more than capable of financial management. However, that’s not to say that women and men are on equal grounds when it comes to finance – a socio-economic reality that comes with both pros and cons. Let’s take a look at the complicated relationship between women and money, and how Mailey Rogers Group supports women in the pursuit of understanding and developing their wealth.
Women aren’t as confident in their investment decisions as men are.
Our view from a month ago that a pipeline of volatility-inducing events could trigger a modest pullback (2%-5%) across major indices continues to materialize. Over the month of March, U.S. interest rates were hiked 25bp, President Trump failed to even get a vote on proposed legislation to repeal and replace Obamacare, the U.K. formally triggered negotiations on its exit from the European Union, and the French presidential election race continued to heat up. As a result, global markets have traded with a subtly cautious tone as they absorbed these developments and downgraded lofty expectations of speedy passage of Trump’s pro- growth agenda (ie. tax reform, fiscal spending boost, etc.).
A family legacy is so important. Pictured is Kim Mailey and Victoria Rogers with parents Lee and Arlyne Mailey and Derrick and Celia Rogers, who have all used Scotiatrust. Also pictured are Brook and Madison Mailey. (2002)
Mailey Rogers Group was pleased to host a Lunch & Learn event here at our West Vancouver office on April 6th. Our topic ‘The Transfer of Wealth’ was presented by our fantastic Will and Estate Planning Consultant, Monique Trepanier. Monique led an informative and engaging session, giving thoughtful answers to questions from attendees. We are also thankful to MRG wealth advisor Brie Fraser for her valuable participation – what a fantastic team we have!
This topic is important to all of us. According to a study from the consulting firm Accenture, “The Great Wealth Transfer” has begun as baby boomers begin to pass along their life savings to their heirs. This process will continue over the next few decades, and when done, some $30 trillion will have been transferred from one generation to the next.