Money See Money Do

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In this video, I touch on the world of capital gains, explaining the difference between realized and unrealized gains in a simple, relatable manner. I demystify how Capital Gains taxes work in Canada, making it easy for you to grasp and make informed financial decisions. I highlight the importance of managing your taxable capital gains and offer some valuable strategies to minimize tax. Don't hesitate to contact me if you have any questions about what you see in this video or something in your financial situation. Having someone with experience in your corner that you can bounce questions or ideas off of, can be a tremendous resource. Because simple, just isn't that simple anymore.

Capital Gains Tax Explained In this video, Tim Gendreau, a Senior Financial Advisor with nearly 30 years of experience in the wealth industry, dives into the world of capital gains taxe...

It’s been a little over a year since I decided to step outside of my comfort zone to create some of my own video content. I can confirm that you actually can teach an old dog news tricks but its doesn’t come without a few speed bumps. big thanks to Chris and Gabe at Amber Pacific Studios for their efforts to try and make me look good and keeping it fun. Can’t wait to what 2024 has in store for us.

The Struggle is Real🙄🤣😂 It’s been a little over a year since I decided to step outside of my comfort zone to create some of my own video content. I can confirm that you actually can...

‘tis the season, and with Christmas just around the corner and freshly minted New Year’s resolutions in your back pocket, ready to go, I thought this would be a perfect time to drop this video on how a digital detox can save you money in 2024. If you’re like me and the Amazon guy has been at your house so often you’re thinking of inviting him to Christmas dinner, you should probably take a couple of minutes out and check out this video.

5 Way to Save Money by Doing a Digital Detox Join Tim Gendreau, who is a Senior Financial Planner that is worked in the wealth industry for the past 30 years for another addition of Money See Money Do. ...

In this short 60-second video, I touch on systematic risk and its role in your portfolio. Being aware of it and its impact can help you manage emotions at a time when knee-jerk reactions can have a negative long-term effect on your overall portfolio.

MSMD Quickie #13 - Systematic Risk Explained in 60 sec Hi, welcome to another edition of Money See Money Do. In this very short video, I touch on systematic risk and the role it plays in your portfolio. Being awa...

When it comes to tracking down, your idea of a perfect planning relationship, deciding between local and virtual advising is key. Let your comfort with tech, service preferences, and desired expertise be your compass. The beauty of technology is It breaks location barriers, giving you access to the expertise you want for your unique financial situation.. No matter where you are, knowledge is a click away! Virtual advising opens doors to specialized skills , down the street, in the next town, or even in another province. At the end of the day, finding the right professional, that you trustto come alongside, and provide you with the advice you need to make great financial decisions is what’s important, whether that be face-to-face, virtually, or a combination of the two. If you have any questions about what you’ve seen in this video or questions about your own financial situation, don’t hesitate to reach out to me.

Does Your Advisor Need to be Local? Welcome to Money See Money Do! I'm Tim Gendreau, a Senior Financial Advisor with almost 30 years in the wealth industry. Today, we're exploring a key questio...

Ever wondered how to start getting your retirement savings out of your RRSP? Well, that's where RRIFs come into play. These are like your retirement income pipeline. But here's the twist – there's this thing called the RIF minimum withdrawal, and it changes every year. And although the formula isn’t as guarded as the Kentucky fried chicken recipe, it can get a little bit complicate. No worries, we've got you covered with a quick 60-second video explaining it all!"

MSMD Quickie #11 - Registered Retirement Income Fund (RIF) Explained in 60 sec A Registered Retirement Income Fund (RRIF) is a Canadian retirement account designed to provide an income stream during retirement. It's created by convertin...

In keeping with it being Estate Planning Awareness month, I wanted to touch on a topic with a lot of misconceptions, "What to do with the family cottage when it comes to your estate plan." Whether it's a rustic cabin tucked away off the grid or a slightly more upscale retreat, cottages hold a unique magic. But much like everything else in life, there are some serious questions to consider when it comes to the family cottage, and I’m not just talking about who’s packing the bug spray. Questions like, how does the cottage fit within your estate plan? Can you afford to pass it down to younger family members, or do you need or want to sell it? Do your heirs even want it? And what are the tax implications involved in transferring ownership of the property? These are some of the questions I tackle in this video.

What To Do With The Family Cottage? Welcome to Money See Money Do! I'm Tim Gendreau, a Senior Financial Advisor with nearly 30 years of experience. Today, diving into something that can be very...

LAST WEEK IN THE MARKETS - week ending September 22nd.

Global stock markets took a dip Last week, mainly due to concerns that the U.S. Federal Reserve might keep interest rates high for a while, making investors a bit uneasy. In Canada, the stock market, especially the Information Technology sector, felt the pinch. Even in the U.S., the overall stock market, as measured by the MSCI USA Index, had a downturn. Interestingly, oil and gold prices remained steady throughout the week. On a related note, bond yields for both Canada and the U.S. saw a slight rise.

Shifting gears to Canada, inflation has been on the rise, hitting 4.0% in August, surprising the economists. Gas prices and rental expenses played a big role in pushing up inflation. Even when we look at the core inflation, excluding the wobbly stuff, it saw a bit of a hike, too. The Bank of Canada, keeping an eye on this, is cautious and ready to make a move if needed.

Now, in the U.S., the Federal Reserve had its meeting and decided to keep interest rates where they were. However, another rate hike might happen later this year to keep inflation in check.

Across the pond in the U.K., the Bank of England also decided to hold steady on rates, a bit unexpected given their recent trend of hiking rates. They believe this strategy has helped fight inflation, but they’re still watchful and ready to adjust if needed.

Lastly, we’re seeing a slowdown in global manufacturing, and it’s a bit worrisome. Demand seems to be not as high, especially due to tighter financial conditions, which is a significant concern for the global economy. This struggle is noticeable in the U.S., Europe (like Germany), and Japan, all facing challenges in their manufacturing sectors.

If you have any questions about your portfolio and how it is positioned to take advantage of current market conditions, please don’t hesitate to reach out to me at the contact information I’ve included.

Talking about the Dunning-Kruger effect without sounding like a total jerk can be challenging, right? I mean, how on earth do you politely tell someone, "Hey, you're an overconfident nincompoop"? In Ben LeFort's article "Confidently Wrong: How the Dunning-Kruger Effect Impacts Your Money," he says it reminds him of Cousin Greg from the TV series Succession, who once asked, "Do you think it's possible to sue a person in an affectionate way?" But here's the thing: falling prey to the Dunning-Kruger effect doesn't automatically earn you the title of "Idiot of the month," no, not at all, because the Dunning-Kruger effect comes knocking for us all sooner or later, ready to make us all feel a bit foolish. If you don't, believe me, I've got a shed I built in the backyard that doesn't have a square corner in it and is miraculously still standing, although I wouldn't suggest using it to take cover in a storm.

In this video, I delve into the fascinating world of behavioural science and how it intersects with investing. Get ready to explore the Dunning-Kruger effect, a cognitive bias that can profoundly impact our investment choices. Join us as we discuss how this phenomenon can lead to illusions of knowledge, overlooking mistakes, and oversimplifying the complexities of investing. I also share some practical strategies to mitigate the influence of the Dunning-Kruger effect, such as self-awareness, continuous learning, seeking expert advice, and embracing a growth mindset.

The Dunning Kruger Effect and its Influence on Investing Habits Talking about the Dunning-Kruger effect without sounding like a total jerk can be quite the challenge, right? I mean, how on earth do you politely tell someo...

Happy Friday, everyone, with only a couple of weekends left in the summer. We decided to keep things light and countdown our 5 favorite rags-to-riches flicks. Have a great weekend with your families.

The 5 Best Rags-To-Riches Movies Welcome to a brand-new large popcorn-sized episode of Money See Money Do! Today, I'm keeping it light. Join us on a Hollywood-style adventure as we reveal ou...

Hi, In this video, I share my top 7 favourite books on the HISTORY of money and investing. These books provide a fascinating look at the good, bad, and ugly of the markets throughout history. From Manias, Panics, and Crashes to The Big Short, each book offers unique insights into the financial system's ebbs and flows. By reading or listening to these books, you'll gain a deeper understanding of the economy throughout the ages, which in turn will give you more confidence in making investment decisions today. As always, if you have any questions about this video or your own financial situation, please feel free to reach out to me.

The 7 Best Books on the History of Money Money See Money Do host Tim Gendreau shares his top 7 books on the history of money and investing. These books provide a fascinating look at the good, bad, a...

Hi all! Let's talk about what happened in the global equity markets last month. It was a ride with more ups and downs than a seesaw. Investors were all worked up about the potential interest rate hikes by the U.S. Federal Reserve Board and other central banks, which showed in the market sentiment. But hey, the good news is that things eventually ended on a high note!

First Republic Bank announced a 42% drop in deposits in the first quarter and sent regulators into a tizzy (is tizzy a word a grown man should using? Next thing you know, I'll be dropping a Whoops, a daisy on you). JPMorgan Chase & Co stepped in and saved the day by acquiring the bank. Crisis averted!
Moving on, there were no major meetings by the Fed, Bank of England, or European Central Bank in April. But the Bank of Canada, Bank of Japan, and People’s Bank of China kept things steady by holding their key interest rates.

Inflation subsided in March but remained elevated, which is a fancy way of saying that things aren't as bad as they used to be, but still not great. Global labour markets were strong and kept consumer strength afloat. And we got some mixed results from the manufacturing and service sectors.

The S&P/TSX Composite Index and the S&P 500 Index both posted gains, with all sectors delivering positive returns. The price of oil and gold ticked higher over the month, which is great news if you're in the mining or oil business, but not so great when you’re filling up at the pumps.

Okay, now let's talk about something serious. The world's largest economies announced their first quarter GDP growth rates, and things are expanding at a slower pace. The U.S. economy grew at an annualized pace of 1.1%, which is more of a jog than a sprint. But hey, our U.S. consumer friends to the south drove most of the consumer growth, so let's give them a high five for engaging in a little spending therapy. And China's economy got a boost from easing lockdown restrictions, so let's raise a glass of Baijiu to them as well! (Don't ask me what Baijiu is, but apparently, it's the national drink and something they've been making for the past 5000yrs).
Inflation pressures in Canada and the U.S. are easing but still, well above the targets the Bank of Canada and the US Federal Reserve set. Canadians feel the pinch, with retail sales dropping and households cutting back on spending. And Americans are having difficulty getting credit this year compared to last year. As always, keeping your head when it comes to financial decisions during volatility almost always wins the day.

In this video, I tackle a topic that used to be taboo, but thanks to recent societal awakenings to the importance of self-care, these types of discussions are becoming more and more common. Im talking about the connection between both mental and financial health.

Understanding the Correlation Between Mental and Financial Health Welcome to Money See Money Do with Tim Gendreau. In this edition, we’ll be discussing the connection between mental health and financial wellness. Did you kn...

It is OPENING DAY!!! for this year's MLB season, So I thought I would put a financial spin on it and break down the five most valuable teams in Major League Baseball. Can you guess the top five before you watch this video?

What are the 5 Most Valuable Teams in the MLB? Looking to explore a unique perspective on assets? In this video, Tim Gendreau dives into the world of sports and uncovers the value of Major League Baseball...

In today’s MSMD Quickie I breakdown the investment term “Flat Yield Curve”, What is it? and why you should even care.

MSMD Quickie: What is a Flat Yield Curve, and Why Should you Care? Welcome to Money See Money Do on YouTube! I'm Tim Gendreau, and today we're talking about the "flat yield curve" - when short and long-term bond rates are si...

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Is Stagflation the Bogeyman of Economics ? Is there enough fertile ground for something called Stagflation to take root? Only time will tell. In this video, I discuss just what Stagflation is and the ...

Let’s face it, the best way to learn about investing, is to learn from some of the great investors of our time. Here are 10 of my favourite quotes from some of those aforementioned, great investors. Quote #1 is a real knock out so make sure you have your guard up. As always, if you have any questions reach out to me, I’d be happy to answer them.

The 10 Best Quotes About Investing These are a few of my favourite quotes that have a financial connection to them, some more obvious than others. There's so much to learn about, one of the gr...

Inflation is top of mind for everyone these days. Whether you are feeling it at the pump or the checkout counters, there is no denying that inflation is impacting consumers and investors all over the world. But what exactly is inflation, and what causes it in the first place?

What's Up With Inflation? In this video, I discuss what everybody seems to be debating these days: inflation. What is it? Where does it come from? And maybe most importantly, what do ...

Volatility & Investors - A rollercoaster of emotions Investors always face a wall of worry. But in these cases, it’s often prudent to take a step back and think about the long-term goals of the investment portfolio.

Hey, I get it; market volatility is not for the faint of heart. It's a lot like having to kiss your aunt Helen at Christmas because that's the only way to get to the food cornucopia positioned directly behind her and the blissful food coma that comes with it.

Patiently observing your losses isn't easy - but note that as bear markets average losses of 33 percent, bull markets are much longer in duration and come with average gains of 159 percent. Trust me, after 28 years in this industry; I can say only three things for certain. One, markets will go up, two, markets go down, and three, markets will go up a lot more often than markets will go down.

If you feel I'm oversimplifying and that it's completely different this time, click one or two of the many links I've included in the article. Now stop standing around, pop a breath mint, and prepare to give aunt Helen a big wet one; we've got food to eat.

Investments Keeping You Up at Night? Managing Stress During Market Volatility Handling investments during a volatile stock market is stressful. Consider these financial stress-management tips before letting investment anxiety get the best of you.

Im very proud of the way this video turned out. It exemplifies what we believe to be important, which is to bring a craftsman like mentality to the work that we do for a clientele each and every day.

The Artisan: Stonebridge Wealth Management Like a master artisan that has spent years perfecting and honing his/her craft in order to deliver on a promise, here at Stonebridge Wealth Management we to believe in the value that comes with experience.

The fading optimism and growing talk of another possible "lost summer" pressed oil prices lower.

THIS PAST WEEK IN THE MARKETS - MARCH 26, 2021

STOCKS WAVER AS COVID-19 SENTIMENT DETERIORATES

Equities in major markets were mixed this week as progress against global COVID-19-related deaths and cases appeared to stall. New or extended restrictions were imposed in several countries, including Germany and France, and Japan announced it won't have outside spectators at this summer's Olympic games. Concerns about the safety of some vaccines - and threats by some countries to withhold exports of vaccine production - added to investor worries that the vaccination campaign that underpinned stock market gains for the last six months could be disrupted. Most equity markets were lower for much of the week until some - including the S&P 500 - jumped into the green on Friday. This came about after President Joe Biden doubled the goal for vaccinations in his first 100 days in office to 200 million. Stocks in Canada finished lower.

The fading optimism and growing talk of another possible "lost summer" pressed oil prices lower. West Texas Intermediate crude (WTI) has retreated 10% in the last two weeks - despite a container ship that ran aground in the Suez Canal blocking all traffic in the key oil shipping route. Government bond yields in Canada and the US retreated from the 14-month highs touched last week (which had themselves rattled investor confidence).

Canadian business headlines this week were dominated by Canadian Pacific Railway Ltd. agreeing to buy Kansas City Southern, looking to create a rail network linking Canada, the US and Mexico. Although the deal won praise from most commentators, CP's stock dropped sharply on the news and weighed on the industrials sector of the S&P/TSX Composite Index. The biggest sector loss in the TSX was seen in the small but volatile health care sector. Cannabis companies continued to retreat from recent highs driven by US political developments. Also, Bausch Health Companies Inc. fell after several analysts expressed concern about the company's valuation as it approaches the proposed spinoff of its Bausch & Lomb eyecare business later this year. The technology and materials sectors were also especially weak, following declines in shares of Shopify Inc and gold prices. Defensive, interest rate-sensitive sectors - utilities, staples, real estate - were among the strongest groups, boosted by falling bond yields.

Advancing sectors of the S&P 500 were similarly led by utilities, staples and real estate. The financials sector, whose profitability tends to be hurt by lower interest rates, underperformed. The communication services and consumer discretionary sectors were down. As was the case last week in economic data, backward-looking measures disappointed, due to stormy weather and power outages, while some forward-looking indicators were much stronger than expected. Among the disappointments were drops in February new home sales and durable goods orders. However, the March Services Purchasing Managers' Index (PMI) from Markit rose to its highest level since mid-2014, and the manufacturing PMI hovered near an all-time high. Weekly initial unemployment claims fell to their lowest level in over a year.

Confidence measures and PMIs were also better than expected in Europe and Japan. The euro area manufacturing PMI reached its highest point since the series compiled by IHS Markit began. However, some equity markets fell as economic restrictions got tighter. Stocks lost ground in France, where non-essential stores is some areas - including Paris - closed again for at least the next four weeks, and underperformed in Spain, which is especially sensitive to travel and tourism. Japanese stocks underperformed in a continued reaction to the Bank of Japan reducing support to the equity market last week.

THIS PAST WEEK IN THE MARKETS - MARCH 19, 2021

BOND YIELDS CONTINUE TO CLIMB AND UNSETTLE STOCK MARKETS

Government bond yields in Canada and the US pushed higher this week, continuing a sharp climb that has seen 10-year Government of Canada and US Treasury bond yields double in just a few months. Yields returned to pre-pandemic levels to reflect rising expectations of inflationary pressures, as investors focused on the strength of the global economic recovery and progress in delivering vaccines. These trends were reinforced by Federal Reserve (Fed) officials, who, at their meeting this week, significantly upgraded their US economic outlook. They also repeated their projection of no interest rate hikes at least through 2023 and stated that the pace of asset purchases would be maintained until "substantial further progress" is made in lifting employment and inflation. The Fed believes that any near-term bump in inflation will be short-lived.

Stock markets once again dithered between welcoming stronger economic growth - the S&P/TSX Composite, S&P 500 and Dow Jones Industrial Average all touched new highs - and fretting about the impact of rising costs on corporate profitability and equity valuations. Major markets around the world were mixed. Toronto stocks finished the week virtually unchanged, while US benchmarks closed lower.

The TSX breached the 19,000 level for the first time as Canadian existing home sales rose to a record level, and the Bloomberg Nanos Canadian Confidence Index indicated that consumer sentiment was at its highest level in a decade. The gains in the TSX were led by the communication services sector, where shares of Shaw Communications Inc. surged over 40% after it agreed to be bought by rival Rogers Communications Inc., uniting Canada's two largest cable providers. The financials sector was higher due to the rise in bond yields, which tends to improve bank profitability. Energy led declining sectors. Oil prices continued to retreat from two-and-a-half-year highs set earlier this month after the International Energy Agency said supplies were plentiful and that crude prices were not on the verge of a new supercycle.

Economic data in the US was mixed, with several key indicators falling short of expectations. However, the big disappointments in some backward-looking measures - including retail sales, industrial production and housing starts - were blamed on severe winter weather in the north-east and, especially, Texas. Also, initial unemployment claims rose much more than expected. Forward-looking indicators, such as the Empire State Manufacturing Survey and the Philadelphia Fed Business Outlook Survey suggested robust growth in the coming months. Communication services led the advancing sectors in the S&P 500, while energy posted the weakest performance.

Most European markets initially trended higher after shrugging off decisions by several countries to suspend the AstraZeneca PLC vaccine. However, some retreated to losses after several countries announced new lockdown measures. Germany was strong after the ZEW survey of investor confidence improved for the fourth consecutive month. Japanese stocks rose after the government confirmed that the Tokyo-area state of emergency would end this weekend. Equities in Hong Kong climbed after strong retail sales and industrial production data from China. However, stocks in mainland China fell after an acrimonious exchange at the first high-level meeting between China and the US under the Biden administration. The Bank of England and the Bank of Japan both echoed the sentiments of the Fed, keeping benchmark interest rates steady and making no significant changes to asset purchase programs.

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US stocks struggled to finish higher after Federal Reserve (Fed) Chair Jerome Powell expressed concern about disorderly bond markets, but stopped short of suggesting the Fed would take any action to address the turbulence.

THIS PAST WEEK IN THE MARKET - MARCH 5, 2021

EQUITIES REMAIN UNSETTLED AS BOND YIELDS RISE

The rapid rise in bond yields that upset equity markets in the last week of February continued this week. Global stock indices were mixed as investors weighed the outlook for higher yields and borrowing costs against mostly better-than-expected economic data. Despite economic optimism, US stocks struggled to finish higher after Federal Reserve (Fed) Chair Jerome Powell expressed concern about disorderly bond markets, but stopped short of suggesting the Fed would take any action to address the turbulence.

The shift in momentum from defensive to cyclical equity groups continued, leading to substantial outperformance of value indices compared to growth indices. In fact, most value indices were higher, while most growth indices saw losses. The improving economic optimism extended the retreat of gold prices from their high last August and boosted oil prices to their highest in more than two years. Oil received further support when the Organization of the Petroleum Exporting Countries and Russia (OPEC+) unexpectedly decided to keep output unchanged, extending previous production cuts.

Canada's S&P/TSX Composite Index was higher after Statistics Canada reported that gross domestic product expanded much faster than forecast in the fourth quarter of 2020, and was on track to post an increase in early 2021 as well. Increased COVID-19 restrictions had been expected to slow activity in January. The economic outlook was further lifted by a surprise trade surplus in January. The energy sector led the gains in the benchmark as the price of crude oil climbed. The financials sector continued to climb in response to higher bond yields and in the wake of last week's strong bank earnings reports. Technology led the declining sectors as Shopify Inc. posted its third consecutive weekly drop. The e-commerce giant, which comprises more than 6% of the TSX and 60% of the index's technology sector, has retreated more than 20% from its high last month.

The TSX's US counterpart S&P 500 saw similar outperformance from the energy and financials sectors and weakness in technology. The consumer discretionary sector, which is dominated by Amazon.com Inc. and Tesla Inc., was also lower. The sell-off in large technology and Internet companies led to a loss for the Nasdaq Composite Index compared to gains for the S&P 500 and the Dow Jones Industrial Average. Investor confidence began the week on a positive note after the US House of Representatives passed President Biden's $1.9 trillion stimulus bill and sent it to the Senate for approval. The approval of a vaccine from Johnson & Johnson and the President's announcement that there would be enough vaccines for all American adults by the end of May added to the upbeat mood. Encouraging economic data included higher purchasing managers' indices (PMIs) and stronger-than-expected employment growth and construction spending.

All major European equity markets were higher as PMIs across the region rose and the euro area jobless rate held steady, despite extended lockdowns in many countries. In Germany, which announced a gradual easing of restrictions starting next week, the DAX Index touched a new intra-day all-time high. Asian markets were also mostly higher after shaking off a brief retreat in response to words of caution about debt levels from China's top banking regulator. However, Japanese equities were down slightly due to disappointing employment and capital spending data, and an extension of Tokyo's COVID-19 state of emergency.