As we approach 2019 with so much to look forward to, it is hard to believe we are already in December! Is time picking up speed these days or is it just me?
Our family recently hosted our 4th Annual Miracle on Agincourt Toy and Food Drive in support of Community Care of St. Catharines and Thorold. We open our home on the last Saturday of November to family and friends to collect for this great cause in our community. This year we were able to collect 388 toys, over 6 bins of food and over $1000 in cash and gift cards. We look forward to this event each year as it’s a fun way to kick off the holiday season!
2018 has had its ups and downs as far as the markets go. This is pretty common for a mid-term election year. We hope for a “Santa Claus Rally” to finish off 2018. You can trust that I am constantly watching and making changes to better position ourselves in the portfolios going forward. I believe in our process, our models and supported market research to make the best decisions for our clients.
Looking in to 2019, statistically, the year after a mid-term election is quite positive. We don’t see a recession for 2019, but will be adjusting the portfolios preparing for one in the following years. That being said, it is expected to be much more shallow and shorter than 2008. We then expect to continue in this secular bull market for years after that.
Our team continues to focus on educating clients and their families. In 2019 we will be hosting learning events with our Financial Literacy program. This program is designed for family members of all ages including children. This program touches on a variety of topics including effective money budgeting, banking services, building a portfolio, will and estates planning, wealth transfers and much more! More information and invitations will come in the New Year. To learn more, please contact us today.
On behalf of Bosak Wealth Management, we wish you a very Merry Christmas and a healthy and happy New Year!