Trumponomics

With the US election results now behind us, many economic forecasters have been using their crystal balls to figure out what Trumponomics would mean to the US and the global economy. Prior to the election markets had a negative view of the proposed Trump economic policies, but views seem to have since changed. Most equity markets reached all-time highs and bond yields increased on the expectation that the proposed tax cuts and infrastructure spending would increase government debt, inflation and borrowing costs, while in the long term, these policies and deregulation would increase economic growth.

Programming is like art and engineering combined. It requires vivid imagination and, at the same time, following well laid out practices. 

When it comes to your financial goals, there should never be any blind spots. While making decisions around specific goals will put you on the path to reaching these goals quicker, there’s a lot to consider when it comes to your investment and insurance situations. This can make it difficult to visualize how your financial strategy will fit into your life goals, and vice versa.

As a young twenty-something, navigating through some of my adult-firsts has been interesting. Career-building, house-shopping, figuring-out-life-ing. There's a lot to think about when you're trying to build a solid foundation for yourself, and a significant part of my new-adult efforts have been focused on saving money and building financial independence. 

What is life insurance?

In its simplest terms, a life insurance policy is a contract to provide a guaranteed payment of a lump-sum of money upon the death of the person who is insured. In return, the owner of the policy agrees to pay regular payments, called premiums, for a specified period of time.

The morning after the election, investors were understandably uncertain. We sent the following note to our clients to address any concerns:

After the polls called for a 70-90% likelihood of a Clinton victory, the world is surprised, to say the least. Investors don't like surprises, and the uncertainty that a Trump presidency brings is a recipe for amplified volatility. The market's reaction yesterday morning reeled back from the immediate knee-jerk reaction, but it paves the way for further volatility in the coming months. There are a few key changes we think will influence global markets. 

In my career before Invisor, I worked in a bank branch selling mutual funds to clients. Those funds would typically charge around 2%. What that meant was that on average, those funds underperformed the market by 2%. But at the time the market was doing well, and we were a reputable brand so nobody seemed to mind the cost. 

The phrase stuck when Tom Brokaw published his 1998 book about the generation that lived through the great depression, fought in World War II, and ushered in an era of productivity, opening the door to the affluence we enjoy today. 

Before creating Invisor, I started noticing a significant 'advice gap' in Canada.

US federal elections are a week away and that means everyone’s favourite reality TV show is coming to an end. While the spotlight will shift away from American politics, we think US policy will still hold the attention of global markets. This month, we’ll take a look at the Canadian economic outlook, US election and interest rate decisions, and major global political threats.