Thursday, August 22, 2019
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Why Global Wealth Builders?


Why Global Wealth Builders?


 

WHAT SETS GLOBAL WEALTH BUILDERS APART FROM OTHER ADVISORS?

In a word, it’s “experience” which enables us to provide a more comprehensive service. Our team has many years of hands-on global portfolio management experience to back us up in the selection and supervision of Investments. We are capable of monitoring portfolio activity from a professional perspective. If your plan isn’t working as expected, we have the experience to diagnose the reasons, consult with you and take remedial action if necessary.

WHY YOU WOULD RELY ON OUR SERVICES:

  • You use our experience to conduct the required due diligence on your behalf
  • You will have experienced investment professionals monitoring your portfolio, the trading activity and performance. We won’t be off selling life insurance or working at some other activity
  • If the plan is not working for you we will diagnose why and recommend remedial action

You will have a long-term solution to your portfolio management needs because…

  • We keep in touch and recommend adjustments required through the economic cycles and due to changes in your life situation
  • We have access to and subscribe for the input of numerous economic and financial consulting firms which enables us to be very well-informed about the international economy and the investment environment.
  • We use this powerful value chain of expertise to determine the best asset allocation for your portfolio
  • Given the array of information we receive, we believe we are among the best informed investment consultants in the country

Safety of your Money


Safety of your Money


 

Safe MoneyYour money and investments are kept in trust registered in your name with an independent third-party trustee. Our selected third-party Partners are RBC Investor Services or the Canadian Western Trust. They are among the largest institutions in the country providing this service.

Global Wealth Builders and our staff never have access to your money or your investments. Above-mentioned trustees hold everything in your name, perform record keeping and shareholder services for pooled fund unit holders,  settle all investment transactions, collect interest and dividends for your account and provide all of the administrative functions required.

 


 

 

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Investment Wisdom

WealthNotes

WealthNotes

The Federal Open Market Committee (FOMC) reduced the central bank rate by 0.25% yesterday. The Dow closed down 334.75 points (1.22%) which reflects the disappointment that the cut wasn’t 0.50%, with promises of more stimuli to follow.

The market fully recovered that loss early today but Trump’s announcement of additional tariffs of 10% on over $300 Billion of Chinese exports caused that gain to evaporate to a loss of another 280 points (1.04%).

The FOMC is walking a delicate tightrope. If they had made a bigger cut and promised more stimuli, investors would have interpreted that as confirmation that the economy is in worse shape than is understood.

The question period after the announcement was an amazing display of circumlocution. I found it quite understandable because the US economy has some pockets of weakness that are concerning but the indicators are not universally bad.

I will give them the benefit of the doubt for the time being but I suspect that the 20% market decline in late 2018 increased pressure from Mr. Trump to cut rates. Trump does not want a strong US currency or falling markets.

He has been trying to talk down the US currency.

The European and Asian economies are clearly in a slowdown, which will impact the US in due course. This cut in rates could be the FOMC’s response to the risk from external weakness. The European Central Bank is promising to join in with more stimuli. Their rates are already negative, which is killing the European banks.

The FOMC denies that more cuts will be automatic unless the economy needs more help. I don’t believe that statement, because there has never been just one cut and done through history.

They seem to be trying to get out of the way of the financial markets, rather than promise to come to the rescue of investors if markets decline. This is probably the most important message because investors have been rescued from falling markets since 2009 and have been expecting this to continue.

Currently, short-term bond yields, have fallen below the Fed’s new rate. Clearly, the bond market is anticipating more rate cuts.

All-in-all, the rate reduction is not meaningful. In the meantime, we are implementing a significant adjustment to our portfolios with the expectation the change may provide a solid gain over the next few months.  There is no guarantee of course but it is a strong likelihood.

Sincerely

Bruce Sansom

 

 

 

 

 

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Contact Us

Global Wealth Builders Ltd.
Suite 105, Mayfield Business Centre
10525 - 170 Street N.W.
Edmonton, AB T5P 4W2

Canada
 Toll Free: 877-488-2858
 Phone: 780-488-2858
 Fax: 780-488-2837

 service@Gwealth.ca

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