by Scott Ronalds

From our Quarterly Report:

The year (2016) started with turmoil. By the time we were on our cross-country tour in February, the markets were down a lot. (Our message: “We’re buying, so don’t miss this RRSP season”). Stocks bottomed around the time of our last presentation. After a strong recovery, there was the Brexit hiccup in late June, but markets quickly recovered. In the fall, there were worries that if Trump was elected, the stock market would turn ugly. He was, but markets were off and running again.

Phew! In 12 months, we’ve had concern, panic, disbelief, euphoria and all kinds of election-related emotion, and out of it all came some pretty reasonable returns. Who would have thunk it in February, or June, or October?

How did our clients do? They aced the test. I think we have the only client base in Canada that is more inclined to buy on weakness than bail out. It’s awesome.

Read Tom's full brief and the rest of our Report here.