Managed Money Reporter Newsletter — Issue 277, November/December 2013


Editors: Carl Spiess & Allan McGlade


Featured Articles



All the best for 2014!

Carl Spiess

By Carl Spiess, CFP, CIM, FMA, FCSI, MBA

As we ring out 2013, it is terrific to reflect on what a great year it has been for investors like you. A quick glance at our recommended fund list shows that investors in Canadian equities and even more so, investors in foreign equities, have had terrific results. We don't expect markets to continue like this indefinitely, so a review of your asset allocation and risk tolerance will be in order for 2014. In this issue, we provide links to Scotia's economic forecasts and a wealth of other information. But first:

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Season's Greetings from your Investment Team!

We are pleased to attach our annual team photo – with a few surprises for you to see the team in a different light. We wish you and your family all the best for the holidays and a healthy and prosperous 2014.

In the spirit of the season, a significant contribution has been made to the United Way, one of many charities that your team at Scotia supports. Indeed a few members of our team, lead by Debbie Ann Espiritu and Brenda Cordeiro, collected the bears below which were donated to the "Freddy Bear Campaign", one of our firm's annual traditions (more about Scotia's Freddy Bear campaign):

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Year-end tax planning

If you are thinking of making a charitable contribution yourself before the end of the year, please consider the benefits of donating securities. Have a look at this .pdf and ask us how we can help!

A key date to keep in mind for other tax planning is December 24th for tax loss selling. There are a few other considerations for year-end that are outlined in ScotiaMcLeod's article on 2013 year-end tax planning:

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Recommended Reading

For 2014, Scotiabank economists have released their Economic and Market Outlook. It is a comprehensive review of where Scotia thinks the global economies, currencies, inflation and equity markets are headed.

As always, we like reviewing ScotiaMcLeod's Investment Portfolio Quarterly:

This month, we also recommend checking out Blackrock's annual outlook entitled "Squeezing out more juice":

(We find Blackrock's commentary of great interest. They are Canada's largest ETF provider, and have now also launched a family of mutual funds for Canadians.)

Lastly, the 5 year story of Edgepoint funds is fun to read. We've been fans of their strategy since they started in 2008, and it has been terrific to share their successful strategy with our clients.

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Recommended Watching

If you would rather have us do all the reading and simply manage all your finances for you, maybe a 30 second video is more appropriate to help understand what we do for you.

The Financial Planners Standards Council (of which Allan, Andrew, David and I are members) recently launched this ad on TV. Check it out at:

http://www.fpsc.ca/financial-planning-week/financial-planning-is-for-everyone

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Recommended Link of the Month

CFP Icon

The Financial Planning Standards Council created the video in our Recommended Watching section, above, to extend the public's knowledge of what to look for in a financial planner.

You can learn more at:

and even look up a specific planner (maybe some guy named "Spiess") to review their credentials:

"The Value of Financial Planning" report is the result of a three-year study on the value of financial planning to Canadians:

Their "Here's the plan" brochure is a great summary of why you should have a financial plan:

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T.  416.863.RRSP (7777)
     1.800.387.9273
F.  416.863.7479
E. carl.spiess@scotiawealth.com
    allan.mcglade@scotiawealth.com

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