Q: What in the world is happening? Canada is facing a federal election in 2025. South of our border, the U.S. has elected a new president who will be sworn in this month. Tariffs and protectionism are high on the U.S. agenda. Markets experienced a boom year in 2024. What does that mean for 2025? What advice do you have for my investments?
A: One month can feel like a year. Alternatively, it can go by so quickly! Investment objectives may vary by plan, by plan type, the overall portfolio and other assets you may have. How you invest your money should take into consideration your tolerance for risk, your time horizon, your goals and your personal preferences. In terms of investments, it is useful to review the following chart about asset classes from Desjardins:
Which asset class performs best? | Desjardins Financial Security Independent Network
That leads in nicely to a brief overview of Asset Allocation Strategies discussed by Manulife:
Asset Allocation Strategies For Retirement | Manulife Retirement
Of course, looking ahead we may want some perspective on our economic outlook. BMO Private Wealth provides this overview for 2025:
2025 Canada economic outlook: On the mend - BMO Private Wealth
In short, diversifying your assets at a level of risk you are comfortable with for the time frame (or time frames for multiple goals) you have in mind, while accounting for your preferences will largely provide the direction your Account Manager will use to construct a portfolio (or portfolios) that meets your personal circumstances and needs.
If you would like to review or discuss any aspect of your current or new investments, or if you have experienced any significant life changes, please reach out to your MWFS Account Manager for a conversation and perhaps a review. We are here to support you and your loved ones now and into the future!
