We hope you enjoyed the festive season surrounded by family and friends, celebrating the spirit of togetherness, that makes this time of year truly memorable.
As we begin 2024, we look forward to the new reality ahead of us in the markets. Sideways stock markets and surging bond yields, set against a backdrop of a possible economic downturn, leave investors entering 2024 faced with several continuing challenges but newly rearmed with a traditional, reliable tool to enhance returns and manage risk.
We look at how the return of bonds as a valuable complement to stocks in a balanced portfolio has changed the equation, and how investors can adapt. And while today’s financial conditions seem to be a recipe for recession, we remain sufficiently committed to equities to take advantage of a realistic possibility large-cap indexes could post new highs in the coming months.
We have attached a link to read more here: Global Insight 2024 Outlook (rbcwealthmanagement.com)
TFSA for 2024:
The Government has given Canadian’s a small break by increasing the 2024 TFSA limit to $7,000. If you have not already given us instructions for your contribution, please click this link , to let us know. We would be happy to help look after your contributions early in the new year.
All the best for 2024, to you and your family!