In this episode, we explore the relationship between U.S. presidential elections and market performance, tackling the common question: Does the political party in power really impact your investments? Many clients and investors express concerns about how the market will react depending on who wins, but we dive into the data and show that it’s not so much who’s elected, but rather the uncertainty leading up to elections that causes the most market volatility. While both Republican and Democratic presidencies have had different levels of market success, the overall takeaway is that long-term investing tends to outperform any attempts to time the market based on political events.

We also discuss how businesses, which drive market performance, care more about economic stability than which party is in power. Interestingly, markets tend to do better when Congress is divided, as it provides more stability and less drastic policy changes. The main takeaway we want you to have is this: rather than getting caught up in the short-term noise of politics, it’s more beneficial to stay focused on your long-term investment goals and reduce volatility where possible. Whether it's a presidential election or another major event, staying the course in the market tends to deliver better outcomes in the long run.

Connect with our Hosts:

Adrian’s LinkedIn:

https://ca.linkedin.com/in/adrianblake1

Trevor’s LinkedIn:

https://ca.linkedin.com/in/millerwealthmanagement

Connect with Cherry Hill Private Wealth, a trade name of Harbourfront Wealth Management Inc.

https://www.cherryhillprivatewealth.ca/https://www.harbourfrontwealth.com

Timestamps:

00:00 – Introduction: Overview of the episode topic and comparing market performance under Republican vs. Democratic presidencies.

02:06 – Market volatility and elections: Discussion on how elections cause anxiety and market volatility, and how clients react to political uncertainty.

04:42 – The VIX index and uncertainty: Exploring the spike in market volatility leading up to elections and how markets calm after the results are known.

06:04 – The real influence on markets: The importance of election outcomes rather than which party or president is in power, and how historical market data reflects this.

09:03 – Timing the market vs. time in the market: Discussion on the dangers of trying to time the market based on political outcomes and the power of compounding over time.

12:26 – Business resilience vs. politics: How major companies like Apple and Nvidia are less impacted by politics and more by overall economic conditions.

14:23 – Compounding and volatility management: The critical role of compounding in investment growth and strategies to reduce volatility during uncertain periods.

18:14 – Final takeaways: Avoid letting political events drive investment decisions; focus on long-term goals and reduce volatility where possible.

Let’s schedule a call to meet each other and see if we can help you achieve a financial roadmap that helps you create a financial plan that focuses on what, and whom, means the most to you. Book a consultation call here.

In this episode, Trevor and Adrian sit down with Andrea Love, CEO of Legacy Private Trust, Canada's longest-standing family-owned private trust company. Andrea brings her extensive experience in estate planning and administration to discuss the complexities of being an executor and the vital role professional trustees play in helping families navigate the process. She highlights the misconceptions around estate administration, often glamorized in media, and emphasizes the reality that closing an estate typically takes about two years and involves managing 160 different tasks. Andrea also touches on the emotional and logistical burdens that executors face, especially during a time of grief, making the case for outsourcing these responsibilities to professionals.

Throughout the conversation, Andrea dives into the importance of planning ahead, including creating a will and naming executors while encouraging open communication with family members to avoid surprises after death. She explains how corporate trustees like Legacy Private Trust can help simplify the process, ensure proper administration, and reduce family conflict. From navigating the legal system and managing digital assets to dealing with beneficiaries' expectations, Andrea’s insights shed light on the often-overlooked challenges of estate planning and the peace of mind that comes from professional support.

Connect with our Hosts:

Adrian’sLinkedIn:

https://ca.linkedin.com/in/adrianblake1

Trevor’sLinkedIn:

https://ca.linkedin.com/in/millerwealthmanagement

Connect with our guest:

https://www.linkedin.com/in/andrealove42/?originalSubdomain=ca

Connect with Cherry Hill Private Wealth, a trade name of Harbourfront Wealth Management Inc.

https://www.cherryhillprivatewealth.ca/https://www.harbourfrontwealth.com

Timestamps:

00:00 – Introduction to Andrea Love, CEO of Legacy Private Trust, and a preview of the estate planning discussion.

00:17 – Andrea explains the misconceptions about estate administration, highlighting the two-year process and the 160 tasks involved.

01:16 – Introduction of Andrea's role at Legacy Private Trust and the value of professional trustees in reducing family burden.

05:01 – The pros and cons of naming a family member as executor versus hiring a corporate trustee.

06:22 – Challenges executors face, such as emotional burden, logistical issues, and dealing with tax filings.

10:39 – The importance of planning early and ensuring executors are well-prepared and supported.

17:17 – The complexities of managing digital assets and other personal details in estate administration.

22:47 – Common pitfalls in estate planning, including naming out-of-province executors or overlooking special needs trusts.

27:30 – Andrea discusses the increasing trend of beneficiaries seeking compensation for acting as executors.

33:06 – Conflict resolution between trustees and beneficiaries, and how proper communication can help.

44:46 – Closing thoughts on the importance of having a will and involving professionals early in the planning process.

Let’s schedule a call to meet each other and see if we can help you achieve a financial roadmap that helps you create a financial plan that focuses on what, and whom, means the most to you. Book a consultation call here.

We'd love to hear from you.

Tania Labonte is a licensed mortgage broker based in Burlington, Ontario, working with Designer Mortgages Inc. She has a wealth of experience in the industry, leveraging her background in accounting, which spans over 12 years, to offer clients comprehensive financial advice in mortgage lending, taxation, and general finance. As part of Verico Designer Mortgages, Tania works with a wide range of lenders, including major banks, credit unions, and private lenders, ensuring that she can match her clients with the best possible mortgage solutions tailored to their unique financial situations​.

Tania prides herself on her ability to assist both first-time home buyers and seasoned property investors. Her expertise spans across the A, B, and private lending sectors, offering clients flexibility and options that aren't typically available at traditional banks. She emphasizes the importance of understanding not just the rates but the features and flexibility of each mortgage product, helping clients navigate life changes and potential penalties if they need to break their mortgage early​.

Connect with our Hosts:

Adrian’sLinkedIn:https://ca.linkedin.com/in/adrianblake1Trevor’s LinkedIn:https://ca.linkedin.com/in/millerwealthmanagement

Connect with our guest:

https://www.mortgageweb.ca/Tania

Michelle’s LinkedIn:https://www.linkedin.com/in/michelle-broughton-stevens-b9753b61/?originalSubdomain=ca

Connect with Cherry Hill Private Wealth, a trade name of Harbourfront Wealth Management Inc.

https://www.cherryhillprivatewealth.ca/https://www.harbourfrontwealth.com

Timestamps:

00:00 - Introduction

00:35 - Impact of Declining Rates

02:06 - New Mortgage Rules Overview

03:34 - $1M to $1.5M Insured Mortgage Limit Increase

05:11 - Rising Home Prices Impact

07:07 - Self-Employed Buyers Entering the Market

09:11 - Renewing Mortgages and Refinancing Options

11:46 - Distressed Sellers and Market Opportunities

13:18 - Investor Activity with Rising Interest Rates

15:01 - Defaults and Mortgage Challenges

18:16 - Mortgage Penalties and Cost Analysis

21:02 - Rate Wars and Competition Among Lenders

24:14 - Importance of Flexibility in Mortgage Terms

26:08 - Bank Strategies and Rate Sharpening

30:11 - Timing Mortgage Moves and Rate Locking

33:07 - Predictions for Future Rate Cuts

36:24 - Current Opportunities in the Housing Market

39:13 - Closing Thoughts and Wrap-up

Let’s schedule a call to meet each other and see if we can help you achieve a financial roadmap that helps you create a financial plan that focuses on what, and whom, means the most to you. Book a consultation call here.

We'd love to hear from you.