{"id":927,"date":"2025-01-08T16:00:34","date_gmt":"2025-01-08T21:00:34","guid":{"rendered":"https:\/\/advisor.wellington-altus.ca\/stonehavenwealthmanagement\/?p=927"},"modified":"2025-01-03T16:12:50","modified_gmt":"2025-01-03T21:12:50","slug":"january-2025-update","status":"publish","type":"post","link":"https:\/\/advisor.wellington-altus.ca\/stonehavenwealthmanagement\/2025\/01\/08\/january-2025-update\/","title":{"rendered":"January 2025 Update"},"content":{"rendered":"

If you’d like to add friends or family to this email list, please sign up here<\/a>.<\/em><\/p>\n

The Growth and Income model portfolios closed 2024 with exceptional results, demonstrating our disciplined approach and ability to navigate evolving markets. Over the year, the Growth Portfolio delivered a strong 23.7% return, the Income Portfolio surged by 41.0%, and the American Growth Portfolio gained a solid 16.4%. These outcomes highlight the strength of our strategies and our focus on delivering value for our investors.<\/p>\n

December saw notable market volatility, influenced by mandatory retirement withdrawals as a growing number of Boomers reach age 71. This dynamic, which we expect to shape December markets for the next decade, created temporary liquidity challenges that quickly set the stage for a rebound. Historically, elevated Volatility Index (VIX) levels like those seen in December have been followed by strong market returns over the next six to twelve months, giving us an optimistic view for 2025.<\/p>\n

Key macroeconomic factors support this positive outlook. Government spending remains robust, driving consumption\u2014the cornerstone of gross domestic product (GDP) growth. Employment markets continue to exhibit strength, fostering wage growth and supporting broader economic activity. Additionally, the integration of recent immigrants into the workforce should enhance long-term GDP potential, following historical trends.<\/p>\n

Banks are responding to rising incomes with increased lending, fuelling credit expansion and economic growth. This dynamic is a crucial driver of equity performance and supports our long-term strategies.<\/p>\n

On the geopolitical front, potential progress on U.S.-China trade relations could provide additional tailwinds. A reduction in tariffs, coupled with China\u2019s purchase of long-term U.S. Treasury bonds, may ease inflationary pressures and support sustained economic stability.<\/p>\n

The rise of passive investing also presents opportunities, as its growing influence disproportionately benefits large indexed stocks. As passive investments surpass the critical 50% threshold, we expect this trend to accelerate, potentially creating new cycles of exponential growth.<\/p>\n

For investors, these evolving dynamics underscore the importance of high-quality, cash-flow-generating companies. Our strategy is designed to capitalize on these opportunities, and we remain committed to helping our clients achieve their financial goals.<\/p>\n

Thank you for your trust and partnership. As we move into 2025, we look forward to building on this year\u2019s successes together. Please share this update with friends and family who may be interested in our approach and results. We welcome the opportunity to expand our community of investors and create lasting success.<\/p>\n

Model Portfolio Highlights
\n<\/strong>Growth Portfolio <\/strong>In December, we repositioned holdings by selling Colliers and reducing our stake in Microsoft. This allowed us to invest in Kinaxis, a leader in supply chain technology, and WELL Health, an innovator in outpatient health solutions.
\nAmerican Growth Portfolio <\/strong>No changes in December.
\nIncome Portfolio <\/strong>No changes; we maintain a diversified mix of U.S. and global high-quality stocks.<\/p>\n

Our approach targets opportunities with a significant margin of safety with minimal risk of permanent loss. Patience remains essential in realizing long-term gains.<\/p>\n

For questions about your portfolio or to schedule a meeting, please contact us. Thank you.<\/p>\n

Yours,<\/p>\n

Ben<\/p>\n

Ben W. Kizemchuk
\nPortfolio Manager & Investment Advisor
\nWellington-Altus Private Wealth\"\"<\/p>\n

Office: 416.369.3024
\nEmail: bwk@wellington-altus.ca<\/a>
\nBook a meeting<\/a><\/p>\n

Ben Kizemchuk offers full-service wealth management for high-net-worth Canadians including families, business owners, and successful professionals. Ben and his team provide investment advice, financial planning, tax minimization strategies, and retirement planning.<\/p>\n

 <\/p>\n

Performance reporting disclaimer:<\/u> Performance results reflect the returns of each representative model portfolio. Returns are calculated using each model portfolio\u2019s monthly performance, including changes in securities values, and accrued income (i.e., dividend and interest), against its market value at the closing of the last business day of the previous month. Performance results are expressed in the stated strategy\u2019s base currency and are calculated on a net of fees basis. Individual account performance may materially differ from the representative performance history set out in this document, due to factors such as an account’s size, the length of time the strategy has been held, the timing and amount of deposits and withdrawals, the timing and amount of dividends and other income, and fees and other costs. Investors should seek professional financial advice regarding the appropriateness of investing in any investment strategy or security and no financial decisions should be made solely on the basis of the information provided in this document. This is not an official statement from WAPW. Please refer to your official WAPW statement for your specific performance numbers.<\/p>\n","protected":false},"excerpt":{"rendered":"

If you’d like to add friends or family to this email list, please sign up here. The Growth and Income model portfolios closed 2024 with exceptional results, demonstrating our disciplined approach and ability to navigate evolving markets. Over the year, the Growth Portfolio delivered a strong 23.7% return, the Income Portfolio surged by 41.0%, and […]<\/p>\n","protected":false},"author":90,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_oasis_is_in_workflow":0,"_oasis_original":0,"_oasis_task_priority":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[14],"tags":[],"class_list":["post-927","post","type-post","status-publish","format-standard","hentry","category-market-commentary"],"_links":{"self":[{"href":"https:\/\/advisor.wellington-altus.ca\/stonehavenwealthmanagement\/wp-json\/wp\/v2\/posts\/927","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/advisor.wellington-altus.ca\/stonehavenwealthmanagement\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/advisor.wellington-altus.ca\/stonehavenwealthmanagement\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/advisor.wellington-altus.ca\/stonehavenwealthmanagement\/wp-json\/wp\/v2\/users\/90"}],"replies":[{"embeddable":true,"href":"https:\/\/advisor.wellington-altus.ca\/stonehavenwealthmanagement\/wp-json\/wp\/v2\/comments?post=927"}],"version-history":[{"count":1,"href":"https:\/\/advisor.wellington-altus.ca\/stonehavenwealthmanagement\/wp-json\/wp\/v2\/posts\/927\/revisions"}],"predecessor-version":[{"id":928,"href":"https:\/\/advisor.wellington-altus.ca\/stonehavenwealthmanagement\/wp-json\/wp\/v2\/posts\/927\/revisions\/928"}],"wp:attachment":[{"href":"https:\/\/advisor.wellington-altus.ca\/stonehavenwealthmanagement\/wp-json\/wp\/v2\/media?parent=927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/advisor.wellington-altus.ca\/stonehavenwealthmanagement\/wp-json\/wp\/v2\/categories?post=927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/advisor.wellington-altus.ca\/stonehavenwealthmanagement\/wp-json\/wp\/v2\/tags?post=927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}