McMurtry Investment Report

Exciting news to start off the new week, and new month! Our WOSC GU13 OPDL Team are Baltimore Mania Champions!! The girls went 3-0 in the round robin while only surrendering a single goal. They won in the championship game by a score of 2-0. Great job Warriors! #WOSCWARRIORS

Exciting news to start off the new week, and new month! Our WOSC GU13 OPDL Team are Baltimore Mania Champions!! The girls went 3-0 in the round robin while only surrendering a single goal. They won in the championship game by a score of 2-0. Great job Warriors! #WOSCWARRIORS

SAVE UP TO 1.5% IN INVESTMENT MANAGEMENT FEES ANNUALLY MCMURTRY INVESTMENT REPORTWEDNESDAY, AUGUST 22, 2018 Switch your mutual funds into exchange traded funds (ETF’s) or individual securities... Put the annual savings in your pocket, not your adviser’s WARNING! CHECK ALL DEFERRED SALES CHARGES FIRST BEFORE DECIDING TO SELL Sell all fee free units first Stop monthly contributions into Deferred Sales Charge mutual funds Determine exactly what sales charges are remaining Compare the annual ongoing management fees from your funds held with comparable ETF’s Determine the annual savings by making the switch Determine an acceptable break even period between the annual savings and the sales charges remaining CONCLUSION Lowering your annual investment management fees is normally a good strategy Improve your net worth and Retire earlier No need to take on additional risk as most ETF’s have similar risk parameters as mutual funds Click on my website link below https://mcmurtryinvestmentreport.ca/

How Far is Trump willing to go in the US trade war with the world? Most strategists still believe that an all out trade war is unlikely and that a possible revocation of NAFTA is remote Personally I believe that the risk of an all out trade war is sharply increasing... Why is the US willing to increase the trade rhetoric at this time? The US economy is very strong relative to other countries. Trump feels the time is right to act now when his personal credibility is bolstered by a robust domestic economy Both Navarro and Ross, Trump’s trade negotiators, have a history of obsessing over trade protectionism Trump, the deal maker, is very motivated by his political support in the upcoming midterm elections The US economy is much less export oriented than Canada, Mexico, China and the European Union. Thus a trade war will hurt these other countries and regions much more than the US The recent strength of the US greenback places enormous pressure on Emerging Market economies whose debt is denominated in US dollars The recent trade retaliation measures introduced by Canada, Mexico, European Union and China make Trump even more determined to pursue trade protectionism The US administration seems blind to the very real possibility of a global recession caused by ongoing trade issues Conclusion I do not expect the current trade wars to end in the near future before more damage is done to the global economy A trade war will not benefit any country, including the US, even though Trump feels the US is immune. The negative effects of a trade war are only just beginning to affect global growth with much more to come I am thereby recommending cash weights of 30% and 35% respectively for both my Income and Growth portfolios Please check out my website by clicking on the link below. https://mcmurtryinvestmentreport.ca/

From: mcmurtryinvestmentreport.ca FACTORS THAT MAY DERAIL CURRENT BULL MARKET Higher Interest Rates... Higher Inflation Escalation of Trade Protectionism that leads to higher inflation and lower economic growth Peaking of Corporate Profits - Higher labour and material costs may squeeze operating margins Rising US dollar vs global currencies - Puts pressure on Emerging Markets with their debts denominated in US $. CONCLUSION We are in the later stages of an economic cycle Possible global recession in 1-2 years Stock market normally goes down six months before the beginning of a recession Still too early to be overly defensive with asset mix - Bonds perform poorly in a rising rate environment. Raise 25-30% cash to minimize portfolio volatility. Click on link below to see my free blogs, investment newsletter and portfolios and new personalized portfolio review service McMurtry Investment Report | Strategies for Do-It-Yourself Investors

Buy US bank stocks Continue to provide great value Dividends continue to rise Click on my free blog below to read more... https://mcmurtryinvestmentreport.ca/

What to do after recent stock market selloff Use recent market drop to increase equity exposure Restrict new purchases to US equities No signs of an impending recession... Market Valuation correction only Reduce Canadian Equity weight Check out the ongoing headwinds for Canadian stocks by clicking on my free blog at: https://mcmurtryinvestmentreport.ca