In this annual Strategic Outlook seminar, we will discuss what the markets have in store for 2018, and beyond.
Presenters:
John Nicola, Chairman & CEO
John will address several issues facing high net worth families:
- How will the Liberals’ tax changes affect financial planning for Canadians?
- How will inflated prices impact future returns?
- Are there best practices for navigating the current environment?
Rob Edel, Chief Investment Officer
Rob will provide an investment roadmap for 2018:
- After a record-breaking period for the S&P 500, what signs might indicate an economic downturn?
- What current events could most affect the economy and investment strategy?
- What should one make of bitcoin, marijuana stocks, electric vehicles, and other hot topics for the upcoming year?
In our annual Toronto event, held at the Four Seasons Toronto, we presented Strategic Decisions for an Uncertain Future:
John Nicola, Chairman & CEO addresses several issues facing high net worth families:
• How will the Liberals’ tax changes affect financial planning for Canadians?
• How will inflated prices impact future returns?
• Are there best practices for navigating the current environment?
Rob Edel, Chief Investment Officer provides an investment roadmap for 2018:
• After a record-breaking period for the S&P 500, what signs might indicate an economic downturn?
• What current events could most affect the economy and investment strategy?
• What should one make of bitcoin, marijuana stocks, electric vehicles, and other hot topics for the upcoming year?
The Shifting Competitive Landscape for BC's Natural Resource IndustriesCheryl Maitland Muir
Jock Finlayson's presentation to the BC Natural Resources Forum looks at the economic contribution of resources to BC's economy. Spoiler Alert: Resources represent 13% of BC's GDP, 77% of merchandise exports and lumber remains our largest export product. Jock notes, however, that Canada is losing ground on our competitiveness, particularly compared to the United States.
Canada Manufacturing sectors continues experience pain in February 2017paul young cpa, cga
Manufacturing is a key sector for Canada. The issue has been for the past few months is that oil production has rebounded which has supported much of the growth. Key areas like transportation equipment continue to struggle in 2017.
Durante la primera mitad del año, la actividad global de fusiones y adquisiciones aumentó un 28,3% (fusiones y adquisiciones globales: $ 1,97 billones), el primero más fuerte desde la crisis.
La actividad en Latam America aumentó 62.3% ($ 45.6 bn). El informe incluye tablas de League of Financial Advisors
In our annual Toronto event, held at the Four Seasons Toronto, we presented Strategic Decisions for an Uncertain Future:
John Nicola, Chairman & CEO addresses several issues facing high net worth families:
• How will the Liberals’ tax changes affect financial planning for Canadians?
• How will inflated prices impact future returns?
• Are there best practices for navigating the current environment?
Rob Edel, Chief Investment Officer provides an investment roadmap for 2018:
• After a record-breaking period for the S&P 500, what signs might indicate an economic downturn?
• What current events could most affect the economy and investment strategy?
• What should one make of bitcoin, marijuana stocks, electric vehicles, and other hot topics for the upcoming year?
The Shifting Competitive Landscape for BC's Natural Resource IndustriesCheryl Maitland Muir
Jock Finlayson's presentation to the BC Natural Resources Forum looks at the economic contribution of resources to BC's economy. Spoiler Alert: Resources represent 13% of BC's GDP, 77% of merchandise exports and lumber remains our largest export product. Jock notes, however, that Canada is losing ground on our competitiveness, particularly compared to the United States.
Canada Manufacturing sectors continues experience pain in February 2017paul young cpa, cga
Manufacturing is a key sector for Canada. The issue has been for the past few months is that oil production has rebounded which has supported much of the growth. Key areas like transportation equipment continue to struggle in 2017.
Durante la primera mitad del año, la actividad global de fusiones y adquisiciones aumentó un 28,3% (fusiones y adquisiciones globales: $ 1,97 billones), el primero más fuerte desde la crisis.
La actividad en Latam America aumentó 62.3% ($ 45.6 bn). El informe incluye tablas de League of Financial Advisors
U.S. employment showed a healthy return to growth in February with 242,000 net new jobs. Unemployment remained at 4.9 percent, but total unemployment dropped to just 9.7 percent—the lowest rate since before the recession.
Global Capital Confidence Barometer | In an age of M&A complexity, do you pau...EY
The Global Capital Confidence Barometer gauges corporate confidence in the economic and M&A outlook, and identifies boardroom trends and practices in the way companies manage their Capital Agendas — EY framework for strategically managing capital. It is a regular survey of senior executives from large companies around the world, conducted by Euromoney Institutional Investor Thought Leadership (EIITL). Our panel comprises select global EY clients and contacts and regular EIITL contributors.
2016 Energy Outlook: Markets adapt amid volatile conditionsJLL
After several difficult years for worldwide energy markets, oil prices are finally beginning to stabilize as the road back to normalcy begins. Following the market shift, energy firms have slowly begun to expand budgets and grow headcount, but a quick turnaround in expansionary leasing activity isn’t necessarily right around the corner.
Here we explore five key themes at play across seven major North American markets:
* Macroeconomic factors influencing energy markets
* State of oil and gas companies
* The impact to upstream, midstream and downstream
* Regulations and legislation
* Trends in renewable energy
See more from JLL's 2016 Energy Outlook at http://bit.ly/2eMF7aq
2017 bcsc elfa convention 2017 with john deane moderatingJohn Deane, CEO
John Deane, CEO of The Alta Group Moderates ELFA Convention Financial Institutions Luncheon discussing prospects for growth in equipment leasing and finance.
A new white paper issued by consulting firm Deloitte titled, "America's newfound power: What the U.S. should do to capitalize on the shale and renewable energy revolutions". The paper makes the case that the U.S. shale revolution is not an end but mearly a means to an end--a renewal energy future. Written by Joseph Stanislaw.
Turbulent Times: Our economic prospects in an uncertain worldCheryl Maitland Muir
In his April 6, 2017 presentation to the Annual Council of Forest Industries Conference, BCBC Chief Policy Officer Jock Finlayson described the state of the global, American and Canadian economies and their potential impact on BC's forest sector.
During the first nine months of 2018, the Global M&A deals was US$ 2.72tn. In Latin America, the activity was US$ 55.9bn. The report includes the financial advisor league table.
February 2016 U.S. employment update and outlook JLL
The labor market recorded a soft opening to 2016, adding only 151,000 new jobs, although unemployment fell below 5.0 percent for the first time since 2008.
April 2011 Index Highlights:
• Annual growth rate at 9 percent in April, marking the 15th consecutive month of year-over year growth
• Index climbs 7 percent (9 points) month-over-month
• 27 of the 28 metro markets showed positive annual growth in April
• Mining, quarrying, oil and gas extraction continues to lead the Index on an annual basis;
manufacturing reaches highest levels of demand since late 2008, driving growth in
manufacturing hubs such as Detroit and Cleveland
The Monster Employment Index is a monthly gauge of U.S. online job demand based on a realtime review of millions of employer job opportunities culled from a large representative selection of career Web sites and online job listings.
The Index does not reflect the trend of any one advertiser or source, but is an aggregate measure of the change in job listings across the industry.
2018 Market Outlook Presentation - Vancouver Victoria Grady
Strategic decisions for an uncertain future:
John Nicola, Chairman & CEO addresses several issues facing
high net worth families:
• How will the Liberals’ tax changes affect financial planning for Canadians?
• How will inflated prices impact future returns?
• Are there best practices for navigating the current environment?
Rob Edel, Chief Investment Officer provides an investment roadmap for 2018:
• After a record-breaking period for the S&P 500, what signs might indicate an economic downturn?
• What current events could most affect the economy and investment strategy?
• What should one make of bitcoin, marijuana stocks, electric vehicles, and other hot topics for the upcoming year?
In our annual Calgary event, held at the Hyatt Regency Hotel, we presented Strategic Decisions for an Uncertain Future:
Mark Therriault, Nicola Wealth Financial Advisor and Partner, addresses several issues facing high net worth families:
• How will the Liberals’ tax changes affect financial planning for Canadians?
• How will inflated prices impact future returns?
• Are there best practices for navigating the current environment?
Rob Edel, Chief Investment Officer provides an investment roadmap for 2018:
• After a record-breaking period for the S&P 500, what signs might indicate an economic downturn?
• What current events could most affect the economy and investment strategy?
• What should one make of bitcoin, marijuana stocks, electric vehicles, and other hot topics for the upcoming year?
U.S. employment showed a healthy return to growth in February with 242,000 net new jobs. Unemployment remained at 4.9 percent, but total unemployment dropped to just 9.7 percent—the lowest rate since before the recession.
Global Capital Confidence Barometer | In an age of M&A complexity, do you pau...EY
The Global Capital Confidence Barometer gauges corporate confidence in the economic and M&A outlook, and identifies boardroom trends and practices in the way companies manage their Capital Agendas — EY framework for strategically managing capital. It is a regular survey of senior executives from large companies around the world, conducted by Euromoney Institutional Investor Thought Leadership (EIITL). Our panel comprises select global EY clients and contacts and regular EIITL contributors.
2016 Energy Outlook: Markets adapt amid volatile conditionsJLL
After several difficult years for worldwide energy markets, oil prices are finally beginning to stabilize as the road back to normalcy begins. Following the market shift, energy firms have slowly begun to expand budgets and grow headcount, but a quick turnaround in expansionary leasing activity isn’t necessarily right around the corner.
Here we explore five key themes at play across seven major North American markets:
* Macroeconomic factors influencing energy markets
* State of oil and gas companies
* The impact to upstream, midstream and downstream
* Regulations and legislation
* Trends in renewable energy
See more from JLL's 2016 Energy Outlook at http://bit.ly/2eMF7aq
2017 bcsc elfa convention 2017 with john deane moderatingJohn Deane, CEO
John Deane, CEO of The Alta Group Moderates ELFA Convention Financial Institutions Luncheon discussing prospects for growth in equipment leasing and finance.
A new white paper issued by consulting firm Deloitte titled, "America's newfound power: What the U.S. should do to capitalize on the shale and renewable energy revolutions". The paper makes the case that the U.S. shale revolution is not an end but mearly a means to an end--a renewal energy future. Written by Joseph Stanislaw.
Turbulent Times: Our economic prospects in an uncertain worldCheryl Maitland Muir
In his April 6, 2017 presentation to the Annual Council of Forest Industries Conference, BCBC Chief Policy Officer Jock Finlayson described the state of the global, American and Canadian economies and their potential impact on BC's forest sector.
During the first nine months of 2018, the Global M&A deals was US$ 2.72tn. In Latin America, the activity was US$ 55.9bn. The report includes the financial advisor league table.
February 2016 U.S. employment update and outlook JLL
The labor market recorded a soft opening to 2016, adding only 151,000 new jobs, although unemployment fell below 5.0 percent for the first time since 2008.
April 2011 Index Highlights:
• Annual growth rate at 9 percent in April, marking the 15th consecutive month of year-over year growth
• Index climbs 7 percent (9 points) month-over-month
• 27 of the 28 metro markets showed positive annual growth in April
• Mining, quarrying, oil and gas extraction continues to lead the Index on an annual basis;
manufacturing reaches highest levels of demand since late 2008, driving growth in
manufacturing hubs such as Detroit and Cleveland
The Monster Employment Index is a monthly gauge of U.S. online job demand based on a realtime review of millions of employer job opportunities culled from a large representative selection of career Web sites and online job listings.
The Index does not reflect the trend of any one advertiser or source, but is an aggregate measure of the change in job listings across the industry.
2018 Market Outlook Presentation - Vancouver Victoria Grady
Strategic decisions for an uncertain future:
John Nicola, Chairman & CEO addresses several issues facing
high net worth families:
• How will the Liberals’ tax changes affect financial planning for Canadians?
• How will inflated prices impact future returns?
• Are there best practices for navigating the current environment?
Rob Edel, Chief Investment Officer provides an investment roadmap for 2018:
• After a record-breaking period for the S&P 500, what signs might indicate an economic downturn?
• What current events could most affect the economy and investment strategy?
• What should one make of bitcoin, marijuana stocks, electric vehicles, and other hot topics for the upcoming year?
In our annual Calgary event, held at the Hyatt Regency Hotel, we presented Strategic Decisions for an Uncertain Future:
Mark Therriault, Nicola Wealth Financial Advisor and Partner, addresses several issues facing high net worth families:
• How will the Liberals’ tax changes affect financial planning for Canadians?
• How will inflated prices impact future returns?
• Are there best practices for navigating the current environment?
Rob Edel, Chief Investment Officer provides an investment roadmap for 2018:
• After a record-breaking period for the S&P 500, what signs might indicate an economic downturn?
• What current events could most affect the economy and investment strategy?
• What should one make of bitcoin, marijuana stocks, electric vehicles, and other hot topics for the upcoming year?
Nicola Wealth CEO John Nicola provides an introduction to dental professionals on investment strategies that go beyond stocks and bonds, demonstrating the integrated possibilities of true wealth management.
5 predictions for commercial real estate, risk management and lending in 2018. Presented by Dianne Crocker, EDR Insight in her opening comments at the Environmental Bankers Association Conference in Long Beach, CA on January 15, 2018.
2022 was generally turbulent for investors, especially those with a traditional stocks and bonds portfolio, who were hit particularly hard by the year’s headwinds. With inflation, Russia’s war with Ukraine, aggressive central bank tightening, and China’s lockdowns driving volatility, global economies have been grappling with rapid adjustments in interest rates, sentiment and valuations. However, while fears of recession loom, there may be some silver linings ahead for agile investors.
The Nicola Wealth Strategic Outlook 2023, which was hosted by President | Client Relationship Manager, David Sung, featured presentations by Chairman & CEO John Nicola, CIO Rob Edel, CFO & Head of Private Capital Bijal Patel, and Managing Director, Real Estate Mark Hannah. Each professional shared their perspectives on the trends that are shaping the investing environment, and how these developments may impact investors and asset classes over the coming year.
On Thursday, May 11, 2017, Nicola Wealth Management hosted their annual Strategic Outlook event featuring presentations by NWM Chairman and CEO John Nicola and Chief Investment Officer Rob Edel.
2017 TORONTO Fall Event - Proposed Tax Reform: What You Need to Know (October...Nicola Wealth Management
On October 1, 2017, NWM hosted a group of clients at the Four Seasons Hotel Toronto to discuss Finance Minister Bill Morneau and the Canadian government's proposal for tax reform impacting the majority of Canadian business owners.
NWM President, David Sung, opened the evening with an overview of the proposed tax changes. He provided some context and asked the audience to consider the political undertone of the Liberal government's tax proposal and the way in which they have handled the public push-back.
John Nicola, Chairman & CEO, an overview of what the government is proposing exactly and the impact it will have. He went on to discuss some planning options available to Canadian business owners.
On October 5, 2017, NWM hosted a group of over 500 people at the Fairmont Hotel Vancouver to discuss the Finance Minister Bill Morneau and the Canadian government's proposal for tax reform impacting the majority of Canadian business owners.
NWM President, David Sung, opened the evening with an overview of the proposed tax changes. He provided some context and asked the audience to consider the political undertone of the Liberal government's tax proposal and the way in which they have handled the public push-back.
John Nicola, Chairman & CEO, an overview of what the government is proposing exactly and the impact it will have. He went on to discuss some planning options available to Canadian business owners.
Nicola Wealth Management - Proposed Tax Reform 2017: What Accountants Need to...Nicola Wealth Management
On September 28th, Nicola Wealth Management hosted over 120 accountants for a presentation on the Canadian government's proposed tax changes for incorporated individuals and small businesses.
On April 12, 2017 Nicola Wealth Managemet hosted the annual NWM Strategic Market Outlook event at the Fairmont Pacific Rim Hotel. Chairman and CEO John Nicola and Chief Investment Officer Rob Edel shared their insights into the year ahead and how investors and strategically maneuver the markets.
NWM Financial Advisor Mark Therriault and NWM CIO Rob Edel examine current events and trends that may impact investors and assess the effectiveness of several wealth management strategies.
On April 4th, 2017, Nicola Wealth Management hosted our annual Strategic Outlook seminar in Kelonwa where we will discussed what 2017 has in store for investors.
For over 20 years, NWM has provided sophisticated financial advice and investment management to Canada’s affluent dentists, families, and foundations. NWM delivers consistency and stability through integrated planning and diversified portfolios that go beyond stocks and bonds.
John is a recipient of the 2011 Entrepreneur of the Year Award for the Pacific Region, the 2015 Business in Vancouver BC CEO of the Year, and was recently named one of 2016’s Most Admired CEOs.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
4. 2017 in Review S&P 500
2017 S&P 500 +21.8%
+1% Declines
Last
+5% Decline
June 24-27 2016
Feb 2, 2018
404 Days
Average since 1929
92 Days
Feb 8, 2018
-10.1%
Feb 2, 2018
404 Days
(Avg since 1929
92 Days)
Feb 8, 2018
-10.1%
2017 S&P 500 +21.8%
1%+ Declines
Last
+5% Drawdown
June 24-27 2016
5. 2017 in Review S&P/TSX
Sept 8, 2017
-0.1%
Sept 8, 2017
Dec 29, 2017
+9.2%
2017
S&P/TSX
+9.1%
• Financials: Concern over housing and consumer debt
• Energy: Western Canadian Select Crude differentials
• Small Technology weight
• NAFTA
• No tax reform
6. 2017 in Review Canadian and U.S. Yield Curves
Yield Curve
Yield Curve
Dec 31, 2017
Dec 30, 2016
Dec 31, 2017
Dec 30, 2016
0.74%
1.69%
2.04%
1.72%
+95 bps
+32 bps
1.19%
1.88%
2.44%
2.41%
+69 bps
Mar 20, 2018
7. Investment Road Map The Art of Forecasting – Tricks of the Trade
Business Insider Jan 4, 2016
16. Morgan Stanley Research – Sunday Start – What’s Next in Global Macro Dec 10, 2017
Investment Road Map
U.S. Tax Reform:
• Corp rate 35% to 21%
• U.S. Corporations hold estimated $2.6 trillion overseas
• Full expensing of business investment for five years
18. Bad Neighborhood Trade Wars
Source: Financial Times, February 2018
Trump strategy:
• Use the threat of tariffs as a negotiating tool
• Real target - China
• Reduce trade deficit by $100 billion, but intellectual property is key
• Made in China 2025 program
• 10 priority sectors - Advanced IT (5G), EV, AI, Robotics, Aviation…..
• China requires U.S. companies to form joint ventures & transfer IP
• US believes WTO have been too soft
• Designed before rise of Chinese state-backed capitalism
• Other countries in the same position
25. Bloomberg – Feb 3, 2018
Points of Interest Bitcoin: Blockchain
MIT Study: $270 - $317 million raised by ICO’s are
frauds or scams
Charles Kindleberger: “There is nothing so disturbing to
one’s wellbeing and judgement as to see a friend get rich.”
Blockchain
• A secure database, or ledger, spread across multiple computers
• Eliminate paperwork & speed up transactions
• Used to store and transfer ownership of goods & track them
through a supply chain
Bitcoin
• Digital Global Currency – used for everyday transactions?
• Store of value?
• Bitcoin Energy Consumption Index = Algeria
26. Points of Interest Bitcoin: Useless Etherium Token
Contributions in US$’s - $276,342
Enough to buy 230 televisions!
27. Points of Interest Marijuana
1 Year Cannabis Stock Performance
Barron’s – Mar 30, 2018
Canopy CEO Bruce LintonROB Magazine – Nov 12, 2017
Barely existed 3 years ago
Now dozens of companies
~$30 billion market cap
28. Points of Interest Marijuana
Globe & Mail – Feb 8, 2018Globe & Mail – Feb 8, 2018
Barron’s Mar 30, 2018
60 Private and public companies
Health Canada granted 89 licenses
Feb 1 – 244 more in review stage
Oregon/Colorado – wholesale $0.50 - $2.00
Commodity business
Low barriers to entry
No sustainable advantage
Canada
• Deloitte: After legalization
• $4.9-$8.7 billion market
• Low=rum, High=wine
• Price: $10/gram initially
Constellation Brands
• U.S. $50 billion Market
• Global: $200 billion in 15 years
• Wine: $60 billion
• Tobacco: $75 billion
29. Points of Interest Active vs. Passive Investing
Strategas – Technical Strategy & Analysis October, 2017
Strategas
3,202 active equity mutual funds
• Flat since 2002
• 2009-2017 $1.09 trillion in
outflows
ETFs
• 2003: 100
• 2009-2017 $1.7 trillion in
inflows
• 44% of equity AUM ETFs or
passive mutual funds
Strategas Technical Analysis Research – May 16, 2017
30. Points of Interest Active vs. Passive Investing
Strategas Technical Analysis Research – May 16, 2017
Low interest rates mean more bad companies are able to survive
31. WSJ – Feb 13, 2018
Long time horizon
$1 Billion in Dry Powder
Manager Selection
Points of Interest Active vs. Passive Investing: Private Equity
32. Summary
• Next recession at least 12 months away
• Conditions more challenging during next recession
• Risk asset still attractive in this environment
• Watch for sign of end of the cycle – lower risk exposure
• Avoid investment fads
• Active management to outperform
• We have reached our destinationBusiness Insider – Feb 7, 2018
37. What is the Rest?
Life insurance,
corporate bonds,
mortgages, private
debt
Private equity,
commercial real
estate, farmland
38. Asset Class Returns 1870-2015 (NBER)
1.3%
2.5%
6.7% 7.0%
T-Bills Bonds Real estate Equities
Real Returns
39. What asset allocation would achieve a real
return of 4% after fees over 30 years ?
1.3%
2.5%
6.7% 7.0%
T-Bills Bonds Real
Estate
Equities
Real Returns
T-Bills
15%
Bonds
25%
Equities
30%
Real
Estate
30%
Asset Allocation
40. Asset Class Returns 1870-2015 (NBER)
4.6%
6.1%
11.1% 10.8%
3.3%
8.9%
10.7%
22.8%
T-Bills Bonds Real Estate Equities
Nominal Return Volatility
Same Return
Liquidity and
behaviour
52. Harbour Towers Hotel & Suites
Acquired: October 2015
Purchase Price: $23.0 M
Hotel Rooms: 196
Pre-Acquisition
• NOI – $1.5M
• NOI Yield – 6.5%
• Occupancy – 62%
• ADR* – $130
Post-Acquisition (2016)
• NOI – $2.0M
• NOI Yield – 8.7%
• Occupancy – 70%
• ADR* – $148
*Average Daily Rate
Acquisition, Victoria
53. Harbour Towers – Value Creation
Multi-Family Rental Conversion
219 New Rental Units
Projected Cost: ~$56.4 M
Projected Value: ~$67 M
Return on Cost: ~19%
Projected IRR: ~17% BEFORE
AFTER
54.
55. Transportation as a Service (TaaS)
• By 2030, 95% of all Passenger Miles will be
by Automated Electric Vehicles (AEVs)
• This will add about $5600 per family in
discretionary spending (10% of income or
$1 trillion)
• There will be minimal production of
Internal Combustion Engines (ICEs) or
individual ownership of cars.
• IO cars will be 40% of the fleet, but 5% of
passenger miles
• AEVs will have a lifetime mileage capacity
between 500,000 and 1 million miles
56. Transportation as a Service (TaaS)
• TaaS will be 4 to 10 times cheaper than
traditional owner driving
• Pre-TaaS companies (Uber and Lyft) drove
500,000 passengers per day in NYC in 2016
• By 2030 passenger cars in the US will drop
from 237 million to 44 million
• 70% fewer cars manufactured annually
• 50% more passenger miles in total at a cost
of $400 billion vs. $1.5 trillion today
57. Transportation as a Service (TaaS)
• Oil demand would drop to 70 million BPD
from what is predicted by the IEA at 110 million
BPD
• Price of oil could drop to $25 and make 50% or
more of North American Oil uncommercial but
still leave us energy independent
• Keystone and Dakota Access Pipeline would be
stranded
• Energy requirements would drop by 80% and
emissions by 90%
• Huge impact on oil industry, autos/trucks, auto
insurance
• Big geopolitical outcomes (impact on Canada?)
58. 39% Mid East
15% Russia
1% US
5% Canada
Oil Dependency
Cheaper oil
Who needs oil?
59.
60. 60% drop in 4 years (average = $35/barrel)
It is now about
technology
66. Tax Reform 2017
What’s Being Plucked?
• Income splitting of dividends from private corporations
• Increase tax on passive corporate income that could reach 71% when paid
out as dividends
• Pipeline planning that converts dividends to capital gains is prevented
How is the Goose Doing Now?
• Income splitting allowed over age 65 with a spouse
• Otherwise no, unless labour or financial contribution
• Passive rules stay the same except reduction in SBD if passive income over
$50,000/year; more expensive to recover RDTOH in some cases
• Integrated tax on passive income can be as high as 54.4% in BC
67. Tax Reform 2018
Before Tax Reform
• Dividend compensation if SBD
• Income split using dividends and trust
• Accumulate passive assets in CCPC
and recover RDTOH when dividends
paid
• SBD not impacted by passive assets
After Tax Reform
• Salary RRSP/IPP better
• Over 65 on with spouse otherwise
labour or capital
• CCPC still better but try and minimize
taxable passive income
• Start losing SBD at $50,000 of passive
income. 100% gone at $150,000. Does
it make much difference?
74. Saving Corporately $100,000 pre-tax income
$88,000
$73,000
$12,000
$27,000
12% Business Tax 27% Business Tax
Tax
Saving
20% more to
save
75. Assumptions
• Save for 30 years
• 6% after tax return
• Take out income at
retirement as dividends
$7,300,000
$6,100,000
Assets in 30 years
SBD General Rate
20% more
saved