There is no denying that “a chain is only as strong as the weakest link” the same principle applies to a financial portfolio. Over the years I’ve had the privilege of working with experts in different sectors of finance and we all share a common understanding; investment portfolios must be diverse in assets and properly managed. As markets continue to evolve and new products and strategies arise your portfolio must adapt and adjust to capitalize on these opportunities. Business owners in Ontario have seen a serious government crackdown on corporations imposing heavy tax consequences when drawing income. Fortunately, there are experts on my team that can assist in strategically structuring how you draw income that significantly reduces the tax burden. If you own a corporation, I’d recommend you get in touch with us as soon as possible, we can help! My home is my ticket to retirement, one of the greatest financial safety fallacies of all time. “Own your home and it’ll fund your retirement” I’m sure we’ve all heard this over the years. Sadly, that concept couldn’t be further from the truth. My father, a wealth manager with 37 years experience and owner of WMS Financial loves to ask this question at his seminars. “If you won a million dollars, would you go into your back yard, dig a hole and bury the cash in the ground for 25 years?” the most common reply is no. “If you own a home, then that’s exactly what you’ve done.” Considering the cost of fuel, real estate, food and energy, along with day to day expenses associated with life we need to invest more strategically. The team at WMS Financial can help you make that equity work harder in a secure environment maximizing tax efficiency and ROI. Interested in finding out more about how WMS Financial can help you, send me a message and I’ll put you in touch with them today. Inflation and the prospect of de-dollarization. Central banks worldwide are racing to devalue their respective domestic currency so we all need to recognize how this impacts us. Inflation, a silent killer that slowly erodes purchasing power forcing families to downsize their lifestyle accommodating this hidden agenda. Think about it like this, when a central bank lowers its interest rates the value of that currency declines. The result, its citizens (holders of that domestic currency) must spend more for the same goods yet tax rates remain the same. This process increases tax revenues transferring wealth to government and penalizes the consumers. Thankfully, there is a simple way to easily hedge your income and protect your purchasing power without limiting liquidity. Global de-dollarization. It’s no secret that President Trump’s latest tariffs has only intensified the global trade war. Therefore, just like kinetic wars, financial wars come with devastating consequences. China and Russia have very publicly established a new Yuan denominated method for conducting trade bypassing the currently privileged trade currency USD. https://www.rt.com/business/423930-russia-china-dollar-trade/ Christine Lagarde, Managing Director of the IMF has recently stated “the same innovations that power crypto-assets can help us regulate them. Purpose built distributed ledger systems could help regulators, governments and markets share information more easily. Combined with other technologies, like biometrics and AI, this approach could help us remove the pollution from the crypto-ecosystem.” https://www.technologyreview.com/the-download/610533/the-head-of-the-imf-wants-to-turn-blockchain-technology-against-itself/ Translation, IMF is looking at blockchain technology as a future for transacting international trade, one more nail in the coffin for the USD as the world trade currency. It is very important to identify the opportunity by anticipating the biproduct of such a historical event and position your portfolio accordingly. Currently all commodities are traded in USD globally therefore all countries are required to hold a reserve of U.S. cash to conduct trade. Ultimately, as countries begin to identify the transition or more appropriately global de-dollarization, their appetite for holding USD will diminish along with the U.S. dollars value. This exodus will most likely lead to a surge in commodities priced in USD prior to any formal implementation of a new trade currency. My suggestion, own precious metals in one of our partners vaults which ensures instant liquidity. All International Gold Vault storage accounts are registered in a bail-in safe jurisdiction. Benefit from the surge but remain liquid to exploit opportunities in other depressed asset classes. To summarize, my 15 + years experience trading physical precious metals has provided me with the strategic relationships required to offer the very best and most competitive pricing on physical gold, silver, platinum and palladium. Working with International Gold Vault Ltd. offers the opportunity for clients to seek the advice of portfolio experts including my my brother Ryan McInerney, Founder of DevCap, Klint Rogers, Private Market Specialist, VP Investor Relations for MY Capital & Obsidian Advisory Group. Michael Sidhu, 360° Wealth Strategies & Solutions Inc. Written by – Rob McInerney [email protected]
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AuthorNews & Updates are written by myself or when shared from the industry, credit is always given to writer. Rob Archives
February 2022
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