Kluge Wealth advisory Group Q1 2023 newsletter
Before we launch into our Winter 2023 Update there are a few important items that we want to draw your attention to: The renovations are complete on our new office space, and we have officially moved one floor up to the 23rd Floor of Centennial Tower West. Wellington Altus will continue to occupy the 22nd Floor […]
April Market Insights: It Looks Like This Holy Fool Was Right, What Now?
April 4, 2023 Download this PDF here. “The holy fool is a truth-teller because he is an outcast. Those not part of the existing social hierarchy are free to blurt out inconvenient truths or question things the rest of us take for granted.” – Malcolm Gladwell in Talking to Strangers Since 2020, I’ve been one […]
Economic and Tax Highlights from the 2023 Federal Budget
March 29, 2023 Download this article as a PDF. On March 28, 2023, Canada’s Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland delivered the 2023 Federal Budget. Budget 2023 outlined plans to build a stronger, more sustainable and secure Canadian economy against a backdrop of slower global growth, elevated global interest rates, and […]
Investment Insights – Spring 2023
Download PDF here Change is the Only Constant “A new technology bids to transform the human cognitive process…redefine human knowledge, accelerate changes in the fabric of our reality and reorganize society.” These are the words of Henry Kissinger on the age of artificial intelligence (AI) and the potential impact of ChatGPT — the AI chatbox […]
March Market Insights: Fire and Ice – The Fight Between Inflation and Deflation
March 6, 2023 What’s a More Significant Risk, Inflation or Deflation? Download this PDF here. “Some say the world will end in fire, some say ice. From what I’ve tasted of desire, I hold with those who favor fire. But if it had to perish twice, I think I know enough of hate to know […]
February Market Insights: Apocalypse Delayed – The U.S. Debt-Ceiling Debate
February 15, 2023 What if the U.S. Government Defaults on its Debt? Download this PDF here. “It’s never paid to bet against America.” – Warren Buffett If the U.S. was to default on its debt obligations, it would cause investors to flee from U.S. Treasuries, leading to a decrease in confidence in U.S. government […]
Kluge Wealth Advisory Group – A few thoughts about 2023
Based on questions I have been getting from clients I have collected a few thoughts. As always, the focus of the Kluge Wealth Advisory Group is on preparation and not prediction. We always need to be prepared for a wide range of events and outcomes and to carefully balance both risks and rewards. First, […]
The 2023 Market Forecast – The Pause that Refreshes
January 9, 2023 Patience is a form of wisdom Download this PDF here. “All models are wrong. Some models are useful.” — George E. P. Box, statistician “Patience is a form of wisdom,” notes Jon Kabat-Zinn, creator of the Stress Reduction Clinic and the Center for Mindfulness in Medicine at the University of Massachusetts Medical […]
Investment Insights – Winter 2023
Most people, investors or not, tend to base their current views on what is most recent in memory. In good times, we may expect them to continue for the foreseeable future; in bad times, we often underestimate our ability to move forward. We all tend to “drive by the rearview mirror” to some extent, basing our decision making on what has just happened.
Trump, Gridlock And What It Means For Investors In 2023
November 21, 2022 Gridlock is good for reducing inflation Download this PDF here. “Permanent high inflation is everywhere and always a fiscal phenomenon” – Thomas Sargent, Nobel Prize Winner in Economics 2011 Steve Jobs once said, “You can’t connect the dots looking forward; you can only connect them looking backward. So, you have to trust […]