When it comes to investing, many people ask questions such as what company’s stock should I buy, when should I buy, and how much return can I expect. The questions they should be asking are:
Dan Hallett from HighView Financial Group recently wrote an interesting article with the above subject on the HighView Blog, which appeared in the Globe & Mail. We thank Dan for expressing his views, particularly on the future for Robo-Advisors and highlighting the potential benefits of working with one.
On July 5th, a few days after defaulting on a payment to the IMF, a Greek referendum appeared to signal the country’s rejection of reform demands which European leaders would require in order to secure Greece’s place in the Euro and a third bailout in five years.
One of the biggest challenges for individuals in today’s investment industry is obtaining truly independent financial advice. Investors seeking financial advice often encounter two key obstacles. First, they may be forced to select from a set of products that offer very limited choice. Second, they may be forced to deal with an advisor who is heavily motivated by sales incentives to sell a particular product, rather than choose the best product for the client. These points can be illustrated by looking at the financial advice available through bank branches, where typically proprietary products are sold, and independent advisory businesses.
In the second quarter of 2015, we saw global markets remaining volatile and weak. The weakness began early in the quarter with the U.S. recording a slightly negative economic growth in Q1. But stronger employment, consumer spending and housing data in the U.S. supported markets mid-way through the quarter. However, with Greece defaulting on their €1.5 billion payment to the IMF and the last minute referendum that would impact their membership in the Euro, the last days of June ended a bumpy quarter in a dramatic fashion.