November 2024 Bulletin

Market Commentary:

Over the summer, central banks worldwide began to slash interest rates after almost three years of raising them to smother inflation. What does this mean?

For bonds, the rule of thumb is that falling rates make bonds (which pay out interest at a predetermined, locked-in rate) more attractive than savings accounts.

For stocks, the theory is that stocks become more attractive investments due to making business conditions a lot easier and borrowing to invest less costly. However, stocks are already performing well.?

Regardless of the direction that either bonds or stocks head, it provides opportunity to rebalance your asset mix accordingly. Should you have any questions about what this means to your portfolio, don’t hesitate to reach out.

Source: TLDR by Wealthsimple and RBC GAM Capital markets data (November 2024)

Financial Literacy Month:

November is Financial Literacy Month where Canadians are encouraged to talk about money. As a financial literacy advocate, I’m offering to gift two Berenstain Bears’ books to anyone who is interested.

These make a great present for family and friends as we go into the holiday season. Feel free to share with anyone you may know.? The books will be shipped by Amazon at no cost to you.

Oil Kings - Client Appreciation:

Clients of mine are cordially invited to Edmonton Oil Kings vs. Calgary Hitman on Wednesday, January 1st, 2025. Puck drop is 2 p.m. but come early to enjoy all that Rogers Place has to offer.

This is a family-friendly event with all ages welcome to join Finley and I at the Scotia Wealth Management Suite 25. Food (He Shoots He Scores and The Crossbar Packages) will be provided but drinks and parking are not included.

Raymond James Mobile App:

The new Raymond James Ltd. Canada app is now available for download. Those with Raymond James accounts, please download and let me know if you have any questions or feedback about the newly launched app.

Modern-Day Investing Event:

Come join me for an evening of drinks, food, and good conversation about Modern-Day Investing where we’ll talk about Access to Information, Low-cost Exchange-Traded Funds, High Distribution Yields, Structured Notes, and Alternative Investments.

?? The Crow, 5006 Chipman 50 Ave, Ponoka, AB T4J 1R5

?? 5 - 6pm, December 5th, 2024 ?? Drinks and food are complimentary.

*RSVP by December 4th at the latest to [email protected]

If you know of anyone who would benefit from any of the information above, you’re more than welcome to forward this to them.

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Paul Hoar CIM?

Financial Advisor

Raymond James Ltd.

Suite 2300 – Rice Howard Place Tower 1 (formerly known as Scotia Place)

10060 Jasper Avenue

Edmonton, Alberta? T5J 3R8

Phone: 587-738-0051

LinkedIn: https://www.dhirubhai.net/in/paul-hoar/

This e-newsletter has been prepared by Paul Hoar and expresses the opinions of the author and not necessarily those of Raymond James Ltd. (RJL). Statistics, factual data and other information are from sources RJL believes to be reliable but their accuracy cannot be guaranteed. It is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. The information above is from sources believed to be reliable; however, we cannot represent that it is accurate or complete and it should not be considered personal tax advice. Raymond James advisors are not tax advisors and we recommend that clients seek independent advice from a professional advisor on tax-related matters. This newsletter is intended for distribution only in those jurisdictions where RJL and the author are registered. This provides links to other Internet sites for the convenience of users. Raymond James Ltd. is not responsible for the availability or content of these external sites, nor does Raymond James Ltd endorse, warrant or guarantee the products, services or information described or offered at these other Internet sites. Users cannot assume that the external sites will abide by the same privacy policy which Raymond James Ltd adheres to. Securities-related products and services are offered through Raymond James Ltd., member-Canadian Investor Protection Fund. Insurance products and services are offered through Raymond James Financial Planning Ltd., which is not a member of Canadian Investor Protection Fund.

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