Hoyle Heath Wealth Advisory Group
September 29, 2022
Education Financial literacy Economy CommentaryThe Forest Through the Trees
It is nearing the end of another trading day this September, and once again we are looking at a screen of red. We are in a tightening cycle with central banks around the world raising rates to combat the inflation we are seeing globally in response to their own stimulative activities over the past two years. We tend to agree with the economists and market pundits, we won’t see any real strength back in equity markets until this tightening cycle ends, and when will that be? Consensus points to somewhere mid-2023, with potential cuts coming the next year. From where we sit, surely for many of you as well, that can seem like a long way away. One year can feel like a lifetime when markets are treading water week by week.
So what can we do? How can we help you and your families through these uncertain times? Many of you have been with our group for a long time, and have been investors for even longer. This will surely come as no surprise, we can wait. We can work hard to see through the day to day headlines, the weekly numbers, and what feels like a constant onslaught of negative news. One year, one month, one day, does not make a strategy, it makes a trade. What we can do is echo the long term nature of our dividend growth strategy, and help focus on the successes we have seen before, and hope to see again as those weeks turn to years, and years to decades.
One of the advantages to working with advisors like ourselves is our ability to aggregate the experiences of many, over a long time period, and help pass that information on to you in an impartial way. While the savings we help you manage are yours, we have a fiduciary duty to make sure they are working in your best interests. Through our daily experiences with a multitude of different people in diverse financial situations, we are able to look at decisions without emotion, and hopefully give some perspective on the bigger picture. It may sound tired, but every bear market (of which one we are certainly within) presents its own set of opportunities leading into the bull market that inevitably comes after. We are looking for those opportunities.
Now, while we wait for the dust to settle and make adjustments to portfolios as needed, it can be a good time to really look at the bigger picture. By that we mean, use our expertise to engage in some financial planning. Some may think that you don’t require a full financial plan, but in our experience, the exercise yields some sort of insight and results every time. We are here, we are eager to speak, and we are available. We will do our best to reach out over the next while, but please, feel free to call. We are always happy to talk about the markets, the economy, your portfolio, the Canucks, anything.
We wish you the best as we move into the Fall. Please stay well, and know that we are always thinking of you.
Hoyle Heath Wealth Advisory Group