As the New Year approaches, it’s the perfect time to set your financial goals and ensure your investments are on track. Discover the benefits of portfolio rebalancing, check off essential tasks from your New Year’s financial checklist, and stay ahead with important reminders like the RRSP deadline. Plus, learn how spousal RRSPs can offer unique advantages for your retirement planning. Let’s make 2024 your best financial year yet!
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What happened in January?
Equity performance for the first month of 2025 was strong. If, over the next 11 months, the indexes continue to rise at the same pace that they rose in January, their 2025 returns could potentially outperform their 2024 returns.
When it comes to investing one of the most critical distinctions is understanding the difference between short-term and long-term goals. Short-term goals are often about control—paying down debt, saving for a vacation, or building an emergency fund. These are specific, measurable, and typically require immediate action. On the other hand, long-term goals like retirement or financial independence require more direction. They demand patience, discipline, and a steady commitment to making consistent choices over time.
What happened in November? The previous month concluded with the release of positive inflation news, setting the scene for positive equity results in November. On October 31, it was announced that the U.S. Personal Consumption Expenditures (PCE) price index for September had dropped 0.2 per cent to 2.1 per cent on a year-over-year basis. As the U.S. Federal Reserve’s (the Fed) preferred inflation indicator, lower interest rates are anticipated.
In this article, Susyn Wagner discusses how inflation can erode investment returns but also highlights opportunities in assets like real estate and commodities. She advises diversification and staying informed.
As the New Year approaches, it’s the perfect time to set your financial goals and ensure your investments are on track. Discover the benefits of portfolio rebalancing, check off essential tasks from your New Year’s financial checklist, and stay ahead with important reminders like the RRSP deadline.
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