It is natural to wonder if you could be doing more with your portfolio. Whether that be: protect better, grow more, or get ahead of the next trend or market crash. This instinct is never more apparent than when we experience crises like the COVID-19 pandemic or the war in Ukraine. This thinking is exaggerated due to the 24-hour news cycle which constantly reminds us of these events. We are bombarded by critics claiming “this time is different” and therefore, each of us needs to take dramatic action in our portfolio to stave off impending doom.
But as many advisors before me have pointed out, what these critics fail to acknowledge, is that what they are really saying is that what has worked for hundreds of years will suddenly no longer work. It appears that they are failing to realize they are suggesting the millions of people working for the world’s greatest companies will stop working. Or that these great companies will stop solving problems, stop innovating and fail to adapt.
We know that no one has a crystal ball and the evidence is overwhelming that trying to outguess the stock market is a losing proposition over the long-term. But betting on the stock market as a whole, what has worked for hundreds of years, is as David Booth says, “it’s investing in human ingenuity.”
Take a deeper dive on the topic of Human Ingenuity in this David Booth article: Meme Investing? Try Human Ingenuity Instead.
*Matthews + Associates of ACPI is a trade name of Aligned Capital Partners Inc. (ACPI)* – if applicable ACPI is regulated by the Investment Industry Regulatory Organization of Canada (www.iiroc.ca) and a Member of the Canadian Investor Protection Fund (www.cipf.ca). Joseph Curry is registered to advise in (securities and/or mutual funds) to clients residing in Ontario.
This publication is for informational purposes only and shall not be construed to constitute any form of investment advice. The views expressed are those of the author and may not necessarily be those of ACPI. Opinions expressed are as of the date of this publication and are subject to change without notice and information has been compiled from sources believed to be reliable. This publication has been prepared for general circulation and without regard to the individual financial circumstances and objectives of persons who receive it. You should not act or rely on the information without seeking the advice of the appropriate professional.
Investment products are provided by ACPI and include, but are not limited to, mutual funds, stocks, and bonds. Non-securities related business includes, without limitation, fee-based financial planning services; estate and tax planning; tax return preparation services; advising in or selling any type of insurance product; any type of mortgage service. Accordingly, ACPI is not providing and does not supervise any of the above noted activities and you should not rely on ACPI for any review of any non-securities services provided by Joseph Curry.
Any investment products and services referred to herein are only available to investors in certain jurisdictions where they may be legally offered and to certain investors who are qualified according to the laws of the applicable jurisdiction. The information contained does not constitute an offer or solicitation to buy or sell any product or service. Past performance is not indicative of future performance, future returns are not guaranteed, and a loss of principal may occur. Content may not be reproduced or copied by any means without the prior consent of the author and ACPI.
Disclosure of commissions in mutual funds in accordance with NI 81-102 (15): “Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated”.