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We are very pleased to send you our monthly financial newsletter to keep you abreast of financial markets and world economy. We hope that you will enjoy reading these articles. As always, we welcome your comments and questions.


Enjoy your reading!

 

Team Beauregard Farina Tourangeau

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Montréal, QC

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Market Returns
                

Value as of

Sept. 30 2016*

2016

Year to date

2015

S&P / TSX

14,726

13.2 %

-11,1 %

S&P 500

2,168

6.1 %

-0,7 %

Euro Stoxx 50 

3,002

-8.1 %

3,8 %

MCSI emerging markets

903

13.8 %

-17,0 %

Oil ($US/Barrel)

$ 48.24

11.3 %

-38,8 %

Gold ($US/oz)

$ 1,317

23.7 %

-10,8 %

$CAD / $USD

$ 0.76

5.5 %

-16,5 %

Source : Bloomberg, Richardson GMP Limited

*Values are in local currency

 

For an updated performance table, please contact us.


Investment Strategies  

I'm 80 per cent in stocks - am I taking too much risk?
I have about 10 years until I retire and I am becoming more concerned about preserving my capital. My portfolio is about 80 per cent in equities - mostly high-quality dividend payers. Should I sell some of my stocks and go to to cash/bonds or maybe hedge my portfolio with an exchange-traded fund that bets against the market?
 
  

Tax & Estate Planning Strategies 
 
Leaving an inheritance? Here are the most rewarding options for spreading the wealth
Most Canadians are worried about ensuring that their savings will last as long as they do - but a select group are pretty sure that their money will outlast them. And, while it might seem counterintuitive to a lot of people, many wealthy Canadians worry an awful lot about their nest egg and how best to manage it.
 

In the news                                     

I'd buy European stocks before US stocks in near term: Siegel
Longtime Wall Street bull Jeremy Siegel said Monday he sees more upside in the next three to five years from European stocks than in U.S. equities.   The Wharton School finance professor told CNBC's " Squawk Box" the continued turmoil in the financial markets is a buying opportunity for European stocks, following last week's vote by the United Kingdom to leave the European Union.
  
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Assets fully priced in and vulnerable to even small negative surprises: Pimco
NEW YORK - Pacific Investment Management Co., which oversees more than US$1.5 trillion in assets, slightly upgraded its forecast for world gross domestic product, from around 2.5 per cent this year to between 2.5 per cent and 3 per cent in 2017, but cautioned that many asset classes appeared overvalued.  In Pimco's latest Cyclical Outlook released on Wednesday, the firm said its baseline forecast through 2017 is for a continuous global economic expansion, mostly supportive monetary and fiscal policies, and broadly range-bound markets.

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Eddy Farina, Fin. Pl., CIM
®
Senior Vice President, Investment Advisor
514.981.5727
 

" The most difficult thing is the decision to act,
the rest is merely tenacity. "

- Amelia EarhartIf 
 

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514.981.5727
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DISCLAIMER

The opinions expressed in this report are the opinions of the author and readers should not assume they reflect the opinions or recommendations of Richardson GMP Limited or its affiliates. Assumptions, opinions and estimates constitute the author's judgment as of the date of this material and are subject to change without notice. We do not warrant the completeness or accuracy of this material, and it should not be relied upon as such. Before acting on any recommendation, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. Past performance is not indicative of future results. The comments contained herein are general in nature and are not intended to be, nor should be construed to be, legal or tax advice to any particular individual. Accordingly, individuals should consult their own legal or tax advisors for advice with respect to the tax consequences to them, having regard to their own particular circumstances. Insurance services are offered through Richardson GMP Insurance Services Limited in BC, AB, SK, MB, NWT, ON, QC,NB,NS,PEI and NL. Additional administrative support and policy management are provided by PPI Partners. Richardson GMP Limited is a member of Canadian Investor Protection Fund. Richardson is a trade-mark of James Richardson & Sons Limited. GMP is a registered trade-mark of GMP Securities L.P. Both used under license by Richardson GMP Limited.