Monthly Newsletter: Portfolio Advisor - March 2024

March 18, 2024 | de Mello Wealth Management


Monthly Newsletter: Portfolio Advisor - March 2024

RBC Global Insight Monthly - March 2024

I am pleased to share the latest investment strategy report from RBC Wealth Management—Global Insight, which provides our current thoughts on asset classes, the economy, and timely issues that impact investment strategy. This month’s highlights include:

Four for 2024: Key things to know about U.S. elections

As presidential elections have become more contentious, perceptions have risen that the stock market’s fate can hang in the balance depending on who wins. We think this gives election outcomes too much weight. There are four principles to keep in mind during this controversial election season. 

A worldwide wave of elections

2024 marks a case of rare planetary alignment, with close to half the world’s population heading to the polls. While the brightest spotlight will fall on the U.S. election, we focus on elections beyond the U.S. and why they matter to investors.

Global equity: Waiting room  

The probability of a U.S. recession arriving remains uncomfortably elevated. New market highs also can’t be ruled out. A watchful approach is called for.

U.S. Recession Scorecard: Defying the odds, for now

The U.S. economy continues to confound expectations, but we can’t dispense the lingering feeling that the economy isn’t out of the woods yet.

Read Full Report Here >

Webinar: Market Update & Outlook 2024

Featuring Jim Allworth and Brad Willock

When: Thursday, April 18th, 2024

Time:  Welcome Reception 4:30pm, Presentation 5:00pm 

Where: Metropolitan Ballroom, Terminal City Club 

Has inflation Peaked? Will Interest Rates come down? Are we going into a recession and how will my investments be impacted? Is my portfolio still on track for retirement?

Please join us for this exclusive welcome reception followed by an economic and market update. Gain expert insights from guest speakers Jim Allworth and Brad Willock, who will provide a general market update along with a discussion on U.S. Equities. We look forward to hosting you!

Guest Speakers:

  • Jim Allworth - Portfolio Strategist, RBC Dominion Securities
  • Brad Willock, CFA - Managing Director & Senior Portfolio Manager, North American Equities, RBC Global Asset Management

Attendance is complimentary, however space is limited - RSVP Required.

RSVP Here >

First Home Savings Account (FHSA) 

What is the FHSA and is it right for you?

2024 TFSA Contribution Information

The First Home Savings Account (FHSA), launched by the federal government in 2023, is a registered account to help Canadians save for a first home, while enjoying important tax advantages. Even if you already own a home, the FHSA may still benefit your younger family members.

This type of account is a mix between a Registered Retirement Savings Plan (RRSP) and a Tax-Free Savings Account (TFSA). Please click the link below to learn more and help you decide if an FHSA is suitable for you.

Read More Here >

Canada's Housing Market Outlook

Not out of the woods yet

Anyone expecting smooth sailing ahead for the housing market got a reality check in February. Month-to-month drops in home resales in several of Canada’s major markets were a reminder that very challenging affordability conditions still heavily constrain many buyers—despite emerging signs of a market turnaround in the previous two months. Reports from local real estate boards showed February’s backsteps partly reversed advances made at seasonal low points in December and January.

Read More Here >

Client Profile - Meet the Smiths, Retiring Abroa

Their journey to retiring abroad in Spain

Many of our clients find their way to our practice as they approach retirement and begin to explore the countless opportunities for the next chapter of their lives. A handful of these clients decide to pack up their bags and retire overseas. Enter the Smiths – one of our first clients to take this path, they were able to retire relatively young, sell their home in North Vancouver and settle down to start a new life in a beautiful community on the coast of Spain.

They have graciously agreed to share their story for the many people out there who may be dreaming of one day doing the same.

Learn More Here >

Complimentary Second Opinion Service

Helping your family build, manage and protect your wealth 

If you’re a successful entrepreneur, part of a large family, or a high net-worth retiree / pre-retiree, you may have to manage financial issues that others don’t; This could include inheritances, assets in trust, complex tax planning, or a family vacation property. Perhaps you’d like to put your finances into greater context with your family’s savings, estate and business planning goals. Whatever your personal situation, we are here to help, with a comprehensive review that can ensure your wealth remains “all in the family.”

Our review process typically looks at both your investment portfolio and your overall wealth planning. This way, we can assess your financial situation in the context of your personal tax situation, savings goals, the time you have to invest and other factors such as your insurance coverage or charitable intentions.

Learn More Here >

This information is not investment advice and should be used only in conjunction with a discussion with your RBC Dominion Securities Inc. Investment Advisor. This will ensure that your own circumstances have been considered properly and that action is taken on the latest available information. The information contained herein has been obtained from sources believed to be reliable at the time obtained but neither RBC Dominion Securities Inc. nor its employees, agents, or information suppliers can guarantee its accuracy or completeness. This report is not and under no circumstances is to be construed as an offer to sell or the solicitation of an offer to buy any securities. This report is furnished on the basis and understanding that neither RBC Dominion Securities Inc. nor its employees, agents, or information suppliers is to be under any responsibility or liability whatsoever in respect thereof. The inventories of RBC Dominion Securities Inc. may from time to time include securities mentioned herein. RBC Dominion Securities Inc.* and Royal Bank of Canada are separate corporate entities which are affiliated. *Member-Canadian Investor Protection Fund. RBC Dominion Securities Inc. is a member company of RBC Wealth Management, a business segment of Royal Bank of Canada. ®Registered trademarks of Royal Bank of Canada. Used under licence. © 2022 RBC Dominion Securities Inc. All rights reserved.