July 18, 2016

The Markets

As I begin the weekly market commentary I want to address a topic that is most certainly on your mind. What will be the impact of Great Britain departing from the European Union? How will this decision affect my personal portfolio?

As you reflect on this topic I am pleased and excited to announce a new technology platform for our company. I now have the ability to do some profiling with you and apply a stress test to your current portfolio and see how it would hold up at various levels of the European problem. I strongly encourage you to take the opportunity to do this with me and I believe you would find a lot of comforting information with the analysis. Please click here to view a PDF and video with more information.

I urge you to take the time to review it and if you find this of interest please email us promptly and request a personal stress test.

Canada, Eh?

If there were a beauty contest among nations, Canada would probably be crowned Miss Congeniality. The second largest country in the world – known for breathtaking temperatures (-40 degrees Fahrenheit), magnificent scenery, open spaces, and friendly natives – has captured the interest of both Brits and Americans during 2016.

Canada was the top theoretical relocation choice among Brits following the Brexit vote. According to Citylab.com, “move to Canada” was one of the two most popular “move to…” searches in British cities. The second was Scotland, which took first among folks living in Manchester, Birmingham, Leeds, Liverpool, and Bristol.

It’s interesting to note the top search among residents of Edinburgh and Glasgow in Scotland was “move to Gibraltar.” CityLab.com opined:

“It seems unlikely that these major cities are genuinely thinking about squeezing onto a tiny rock, but Gibraltar has been on people’s minds, I suspect, because it was first to declare a referendum result (for Remain) early this morning and is now finding itself under high-profile pressure for power-sharing from Spain.”

U.S. Internet searches for the phrase “how to move to Canada” were quite popular this year, too, according to The Economist. The search reached its 2016 crescendo to-date after the Super Tuesday primaries in March when Donald Trump won seven states and Hillary Clinton won seven states and American Samoa.

It wasn’t the first time American presidential election choices inspired such angst among its citizens. “Move to Canada” was a popular search phrase in 2004 after George W. Bush defeated John Kerry.

Regardless of the popularity of the search phrase, the number of American and British people who have migrated to Canada remains quite low. During each of the last 10 years, just 15,000 people from both nations together have sallied forth into the Great White North to become Canadian citizens.

Weekly Focus

One of my favorites:

“Time is money, but money can’t buy you time”

–James Taylor

Image is public domain.

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