December 15, 2023 12:54 PM
-
notifications@m.wealthsimple.com
The best plan for 2024? Be boring
The email is an end-of-year letter from Wealthsimple's Chief Investment Officer, Ben Reeves, reflecting on the year's investment trends and providing advice for the upcoming year.
In your investments at least ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
December 15, 2023 12:54 PM
-
notifications@m.wealthsimple.com
The best plan for 2024? Be boring
The email is an end-of-year letter from Wealthsimple's Chief Investment Officer, Ben Reeves, reflecting on the year's investment trends and providing advice for the upcoming year.
In your investments at least ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
<html lang="en"><head>
<meta http-equiv="Content-Type" content="text/html; charset=utf-8"><meta name="x-apple-disable-message-reformatting"><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="format-detection" content="telephone=no, date=no, address=no, email=no"><meta name="color-scheme" content="light dark"><meta name="supported-color-schemes" content="light dark"><style>
<!--
@font-face
{font-family:FuturaPT;
font-style:normal;
font-weight:500}
@font-face
{font-family:FuturaPT;
font-style:italic;
font-weight:500}
@font-face
{font-family:FuturaPT;
font-style:normal;
font-weight:600}
@font-face
{font-family:FuturaPT;
font-style:italic;
font-weight:600}
@font-face
{font-family:FuturaPT;
font-style:normal;
font-weight:700}
@font-face
{font-family:FuturaPT;
font-style:italic;
font-weight:700}
@font-face
{font-family:Tiempos;
font-style:normal;
font-weight:400}
@font-face
{font-family:Tiempos;
font-style:italic;
font-weight:400}
-->
</style><style>
<!--
u + .body img ~ div div
{display:none}
@media (prefers-color-scheme:dark){
.dark-block
{display:block!important}
.dark-inline
{display:inline!important}
.dark-hidden
{display:none!important}
.dark-border-slate-40
{border-color:#615e5c!important}
.dark-border-sky-40
{border-color:#456274!important}
.dark-border-slate-90
{border-color:#e4e2e1!important}
.dark-bg-slate-40
{background-color:#615e5c!important}
.dark-bg-premium, .dark-bg-slate-20
{background-color:#32302f!important}
.dark-bg-generation
{background-color:#09090a!important}
.dark-bg-slate-10
{background-color:#1c1b1b!important}
.dark-bg-black
{background-color:#000!important}
.dark-bg-offWhite
{background-color:#fcfcfc!important}
.dark-bg-chartreuse-40
{background-color:#5b614d!important}
.dark-bg-chartreuse-20
{background-color:#2d3318!important}
.dark-bg-chartreuse-10
{background-color:#1a1c15!important}
.dark-bg-sky-40
{background-color:#456274!important}
.dark-bg-sky-30
{background-color:#3c4951!important}
.dark-bg-sky-20
{background-color:#283238!important}
.dark-bg-sky-10
{background-color:#161c21!important}
.dark-bg-lilac-40
{background-color:#735378!important}
.dark-bg-lilac-20
{background-color:#3c2a3f!important}
.dark-bg-lilac-10
{background-color:#231725!important}
.dark-bg-gr-chartreuse
{background-color:#444839!important}
.dark-bg-gr-sky
{background-color:#3c4951!important}
.dark-bg-gr-lilac
{background-color:#573e5b!important}
.dark-text-offWhite, .dark-text-offWhite a
{color:#fcfcfc!important}
.dark-text-slate-70
{color:#afaaa7!important}
.dark-text-slate-60, .dark-text-slate-60 a
{color:#94908d!important}
.dark-text-slate-40
{color:#615e5c!important}
.dark-text-slate-20
{color:#32302f!important}
.dark-text-apricot-50, .hurricaneBannerCopy a
{color:#b26324!important}
.dark-text-sky-40
{color:#456274!important}
.dark-text-chartreuse-40
{color:#5b614d!important}
.dark-text-lilac-40
{color:#735378!important}
}
-->
</style></head><body id="body" class="body" style="word-break:break-word; margin:0; height:100%; width:100%; padding:0"><div style="color:transparent; visibility:hidden; opacity:0; font-size:0px; border:0; max-height:1px; width:1px; margin:0px; padding:0px; border-width:0px!important; display:none!important; line-height:0px!important"><img border="0" width="1" height="1" src="https://clicks.wealthsimple.com/q/j8K_DAPzq501p21HQTJv0w~~/AAQRxQA~/RgRnXzPPPVcDc3BjQgplfM-ufGWKGyreUhVlbXVsaXN0MDFAb3V0bG9vay5jb21YBAAAAgM~" alt=""></div><div style="display:none!important; visibility:hidden; font-size:1px; color:#ffffff; line-height:1px; max-height:0px; max-width:0px; opacity:0; overflow:hidden">In your investments at least</div><div style="display:none">͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ </div><div role="article" aria-roledescription="email" aria-label="Wealthsimple" lang="en"><table align="center" class="screen-font-futuraptBody dark-bg-black" cellpadding="0" cellspacing="0" role="presentation" style="width:100%; background-color:#FCFCFC; font-family:FuturaPT,Avenir,sans-serif"><tbody><tr><td valign="top"><table cellpadding="0" cellspacing="0" role="presentation" style="width:100%"><tbody><tr><td valign="top" style="padding-bottom:48px"><table cellpadding="0" cellspacing="0" role="presentation" style="width:100%"><tbody><tr><td valign="top" height="20" class="dark-bg-sky-30" style="background-color:#E9F2F9"></td></tr><tr><td align="center" class="dark-bg-black" style="background-color:#FCFCFC"><table class="sm-w-full" cellpadding="0" cellspacing="0" role="presentation" style="margin-left:auto; margin-right:auto; width:600px"><tbody><tr><td valign="top" align="center"><table width="90%" cellpadding="0" cellspacing="0" role="presentation"><tbody><tr><td valign="top" align="center" style="padding:24px 0 12px"><img src="https://braze-images.com/appboy/communication/assets/image_assets/images/65282feac37fd1004ce8b6bc/original.png?1697132521" width="57" alt="A headshot of Wealthsimple CIO Ben Reeves" style="border:0; display:block; border-width:0px"> </td></tr><tr><td valign="top" align="center"><h1 class="sm-text-xl xs-text-standard dark-text-offWhite" style="line-height:1.08em; letter-spacing:0.1em; font-weight:500; font-family:FuturaPT,Helvetica Neue,sans-serif; color:#32302F; display:block; margin-top:0; margin-bottom:12px; font-size:40px">LETTER FROM BEN</h1><hr class="dark-bg-slate-40 dark-text-slate-40" style="border:0; margin-top:0px; margin-bottom:18px; height:1px; border-width:0px; background-color:#E4E2E1; color:#E4E2E1"></td></tr><tr><td valign="top" align="center" class="dark-text-offWhite" style="padding-bottom:11px; color:#32302F; letter-spacing:-0.0075em; font-weight:400; font-size:14px">Chief Investment Officer</td></tr><tr><td valign="top" align="center"><img src="https://braze-images.com/appboy/communication/assets/image_assets/images/633482379d5d771c7fe83da7/original.png?1664385591" width="120" alt="Wealthsimple" class="dark-hidden" style="border:0; display:block; border-width:0px"> <img src="https://braze-images.com/appboy/communication/assets/image_assets/images/63348237db77c73d4a701ef4/original.png?1664385591" width="120" alt="Wealthsimple" class="dark-block" style="border:0; display:none; border-width:0px"> </td></tr></tbody></table></td></tr></tbody></table></td></tr></tbody></table></td></tr></tbody></table></td></tr><tr><td align="center"><table class="sm-w-full" cellpadding="0" cellspacing="0" role="presentation" style="margin-left:auto; margin-right:auto; width:600px"><tbody><tr><td valign="top" align="center"><table cellpadding="0" cellspacing="0" role="presentation" style="width:100%"><tbody><tr><td align="center" style="padding-bottom:32px"><table cellpadding="0" cellspacing="0" role="presentation" style="width:90%"><tbody><tr><td valign="top" align="center" class="dark-bg-sky-20" style="border-radius:16px; background-color:#E9F2F9; padding:30px 20px"><table cellpadding="0" cellspacing="0" role="presentation" style="width:100%"><tbody><tr class="xs-table xs-w-full"><td align="left" class="xs-table-header-group" style="padding-bottom:14px"><div class="xs-pb-2_5"><h3 class="dark-text-offWhite xs-center" style="margin:0; letter-spacing:-0.0075em; font-weight:600; font-family:FuturaPT,Helvetica Neue,sans-serif; color:#32302F; text-align:left; font-size:18px; line-height:1.25">COMING UP</h3></div></td><td align="left" class="xs-table-footer-group" style="padding-bottom:14px"><div class="xs-pb-2_5"><p class="dark-text-offWhite xs-center" style="margin:0; font-weight:400; font-family:FuturaPT,Helvetica Neue,sans-serif; color:#32302F; text-align:right; font-size:14px; line-height:1.12">15 Dec 2023</p></div></td></tr><tr><td colspan="2" valign="top" class="dark-border-sky-40" style="border-top:solid 1px #A2CCE8; padding:20px 0 0"><table role="list" cellpadding="0" cellspacing="0" style="width:100%"><tbody><tr><td valign="top"><table role="listitem" cellpadding="0" cellspacing="0" style="width:100%"><tbody><tr class="xs-table xs-w-6-10 xs-center"><td width="40" valign="top" class="xs-table-header-group" style="padding:6px 0 14px"><div class="xs-pb-4"><img width="24" alt="" class="dark-hidden xs-center" src="https://braze-images.com/appboy/communication/assets/image_assets/images/657a16cd74fd4c004b13146c/original.png?1702500045" style="border:0; display:block; border-width:0px"> <img width="24" alt="" class="dark-block xs-center" src="https://braze-images.com/appboy/communication/assets/image_assets/images/657a16cd8186c4004ec529ea/original.png?1702500045" style="border:0; display:none; border-width:0px"> </div></td><td valign="middle" class="xs-table-footer-group xs-pb-7_5" style="padding:6px 0 14px"><div class="xs-pb-7_5 xs-center"><p class="xs-text-sm dark-text-offWhite" style="margin:0; color:#32302F; letter-spacing:-0.0075em; line-height:1.08em; font-weight:400; font-size:24px">The challenge of timing</p></div></td></tr></tbody></table><table role="listitem" cellpadding="0" cellspacing="0" style="width:100%"><tbody><tr class="xs-table xs-w-6-10 xs-center"><td width="40" valign="top" class="xs-table-header-group" style="padding:6px 0 14px"><div class="xs-pb-4"><img width="24" alt="" class="dark-hidden xs-center" src="https://braze-images.com/appboy/communication/assets/image_assets/images/657a16cde5ceac00570b83d5/original.png?1702500045" style="border:0; display:block; border-width:0px"> <img width="24" alt="" class="dark-block xs-center" src="https://braze-images.com/appboy/communication/assets/image_assets/images/657a16cd4ae510004cb665b5/original.png?1702500045" style="border:0; display:none; border-width:0px"> </div></td><td valign="middle" class="xs-table-footer-group xs-pb-7_5" style="padding:6px 0 14px"><div class="xs-pb-7_5 xs-center"><p class="xs-text-sm dark-text-offWhite" style="margin:0; color:#32302F; letter-spacing:-0.0075em; line-height:1.08em; font-weight:400; font-size:24px">The fallacy of predictions</p></div></td></tr></tbody></table><table role="listitem" cellpadding="0" cellspacing="0" style="width:100%"><tbody><tr class="xs-table xs-w-6-10 xs-center"><td width="40" valign="top" class="xs-table-header-group" style="padding:6px 0"><div class="xs-pb-4"><img width="24" alt="" class="dark-hidden xs-center" src="https://braze-images.com/appboy/communication/assets/image_assets/images/657a16cd15604b004c9a1ec5/original.png?1702500045" style="border:0; display:block; border-width:0px"> <img width="24" alt="" class="dark-block xs-center" src="https://braze-images.com/appboy/communication/assets/image_assets/images/657a16cde5ceac004d0bcb44/original.png?1702500045" style="border:0; display:none; border-width:0px"> </div></td><td valign="middle" class="xs-table-footer-group" style="padding:6px 0"><div class="xs-center"><p class="xs-text-sm dark-text-offWhite" style="margin:0; color:#32302F; letter-spacing:-0.0075em; line-height:1.08em; font-weight:400; font-size:24px">The power of oil</p></div></td></tr></tbody></table></td></tr></tbody></table></td></tr></tbody></table></td></tr></tbody></table></td></tr></tbody></table><table cellpadding="0" cellspacing="0" role="presentation" style="width:100%"><tbody><tr><td align="center"><table cellpadding="0" cellspacing="0" role="presentation" style="width:90%"><tbody><tr><td valign="top" align="center" style="padding-bottom:30px"><h1 class="sm-text-xl dark-text-offWhite" style="margin:0; line-height:1.08em; letter-spacing:-0.0075em; font-weight:600; font-family:FuturaPT,Helvetica Neue,sans-serif; color:#32302F; display:block; font-size:45px">A look back at 2023</h1></td></tr></tbody></table></td></tr></tbody></table><table cellpadding="0" cellspacing="0" role="presentation" style="width:100%"><tbody><tr><td align="center"><table cellpadding="0" cellspacing="0" role="presentation" style="width:90%"><tbody><tr><td valign="top" align="left" class="xs-text-sm sm-text-2sm dark-text-offWhite " style="padding-bottom:32px; color:#32302F; letter-spacing:-0.005em; font-weight:400; font-size:20px">Hi [Client Name],<br><br>As we near the end of the year, I wanted to take this opportunity to reflect on some of the lessons we, as investors, can take away from it. For me, focusing on long-term investing and planning principles instead of what’s happening in the headlines is the better way to set yourself up for long-term success. Other than that, I wanted to wish you and yours a happy and healthy holiday season. Thanks for reading — and for being clients.<br><br>–Ben Reeves<br></td></tr></tbody></table></td></tr></tbody></table><table cellpadding="0" cellspacing="0" role="presentation" style="width:100%"><tbody><tr><td align="center"><table width="90%" border="0" cellspacing="0" cellpadding="0" role="presentation"><tbody><tr><td valign="top" class="dark-border-sky-40 dark-text-offWhite sm-text-xs xs-text-xs" style="font-family:FuturaPT,Helvetica Neue,sans-serif; font-weight:400; font-size:18px; line-height:1.24em; color:#32302F; text-align:left; padding:15px 0 16px; border-top:1px solid #A2CCE8">CHART OF THE MONTH<br><br></td></tr></tbody></table></td></tr></tbody></table><table cellpadding="0" cellspacing="0" role="presentation" style="width:100%"><tbody><tr><td align="center"><table width="90%" border="0" cellspacing="0" cellpadding="0" role="presentation"><tbody><tr><td valign="top" align="center" style="padding:0 0 12px"><img border="0" src="https://braze-images.com/appboy/communication/assets/image_assets/images/657b1fdde9655e004f30fcb2/original.png?1702567900" width="540" alt="A combination bar and line graph compares stock ETF purchases to stock market returns from 2021-2023. Stock ETF purchases follow the market returns up and back down until the second half of 2022, when very few stock ETFs are purchased and the markets are low. But as the markets pick back up in the second half of 2022, stock ETF purchases stay nearly nonexistent through June before rising in the second half of the year." class="sm-w-full" style="display:block; border-radius:16px"> </td></tr></tbody></table></td></tr></tbody></table><table width="90%" border="0" cellspacing="0" cellpadding="0" role="presentation"><tbody><tr><td align="left" class="dark-text-offWhite" style="font-family:FuturaPT,Helvetica Neue,sans-serif; font-weight:400; font-size:14px; line-height:120%; color:#32302F; text-align:left; padding:0px 0 30px">The data reflects just how many people stopped putting new money into the stock market after it went down. Substantial money didn’t start flowing back into the markets until nine months after the recovery had begun, leaving plenty of potential returns on the table.</td></tr></tbody></table><table cellpadding="0" cellspacing="0" role="presentation" style="width:100%"><tbody><tr><td align="center"><table width="90%" border="0" cellspacing="0" cellpadding="0" role="presentation"><tbody><tr><td valign="top" class="dark-border-sky-40 dark-text-offWhite sm-text-xs xs-text-xs" style="font-family:FuturaPT,Helvetica Neue,sans-serif; font-weight:400; font-size:18px; line-height:1.24em; color:#32302F; text-align:left; padding:15px 0 16px; border-top:1px solid #A2CCE8">INVESTMENT INSIGHT<br><br></td></tr></tbody></table></td></tr></tbody></table><table cellpadding="0" cellspacing="0" role="presentation" style="width:100%"><tbody><tr><td align="center"><table cellpadding="0" cellspacing="0" role="presentation" style="width:90%"><tbody><tr><td valign="top" align="left" class="xs-text-sm sm-text-2sm dark-text-offWhite " style="padding-bottom:32px; color:#32302F; letter-spacing:-0.005em; font-weight:400; font-size:20px">Most investment letters, particularly end-of-year letters, offer thoughts on the macroeconomic and investing environment. They do this because it’s interesting and entertaining. Maybe more important, it constantly changes, so there’s always something new to write about. As fun as that can be, I’d actually argue that prognostication isn’t the best source of investment advice. <br><br><strong style="">It really has been a fascinating year: </strong>2023 brought much better economic performance than most people anticipated (in late 2022, Bloomberg famously predicted a 100% chance of recession within a year). Inflation dropped from 8% to, at the latest reading, 3.1% — a long way to the long-term target of 1-3%. At 6%, unemployment is much lower than expected and still below levels from early 2022. Plus, interest rates are now positive after adjusting for inflation (i.e. you’re paid enough interest on your cash to more than cover the value lost to inflation). That’s more in line with long-term norms than the extremely low interest rates of the last fifteen years. <br><br><strong style="">Here's the big secret, though:</strong> while that was very important to the year we just completed, it does not matter all that much in terms of what you should do next. Successful investing is largely detached from the daily or even monthly goings on in the market. As in much of life, it’s about doing the boring things consistently — sticking with a few principles, no matter how hard it may be. <br><br>Unfortunately a lot of investors failed at this over the past year. Many people followed those doomsday analysts and gave into the temptation of high-interest accounts, putting new savings into cash instead of diversified portfolios. Since June 2022, when the flows into cash started to pick up, that bet has underperformed. Badly. Our portfolios outperformed cash 20% (growth portfolio) and 16% (60/40 portfolio) to 6%. The right moment to time the market had already passed, and those investors were left behind. Being boring in that situation would have been very smart. <br><br>Here are a few (boring) principles to lead you through 2024.<br></td></tr></tbody></table></td></tr></tbody></table><table cellpadding="0" cellspacing="0" role="presentation" style="width:100%"><tbody><tr><td align="center"><table cellpadding="0" cellspacing="0" role="presentation" style="width:90%"><tbody><tr><td valign="top" style="padding-bottom:16px"><h2 class="sm-text-2sm dark-text-offWhite" style="margin:0; line-height:125%; letter-spacing:-0.0075em; font-weight:600; font-family:FuturaPT,Helvetica Neue,sans-serif; color:#32302F; font-size:24px">Stocks and bonds are more volatile than cash, but they increase the odds of future wealth.</h2></td></tr></tbody></table></td></tr></tbody></table><table cellpadding="0" cellspacing="0" role="presentation" style="width:100%"><tbody><tr><td align="center"><table cellpadding="0" cellspacing="0" role="presentation" style="width:90%"><tbody><tr><td valign="top" align="left" class="xs-text-sm sm-text-2sm dark-text-offWhite " style="padding-bottom:32px; color:#32302F; letter-spacing:-0.005em; font-weight:400; font-size:20px">Stocks and bonds tend to beat cash roughly two out of every three years — offering significantly more wealth creation if you have the patience to ride out that volatility. Over the last 120 years, stocks have delivered 4-5% more return than cash per year; bonds have offered about 2%. In any given year, the return of the stock market can be +/- 20% (or more in rare cases) relative to this long run average. That’s part of the deal of investing and fundamentally why you get those attractive returns that help you build wealth over time.<br><br>If you want to improve your portfolio beyond stocks and bonds, you can also consider alternative investments like private credit and private equity. They can offer attractive returns and, in the case of private credit, diversification relative to our ETF portfolios. </td></tr></tbody></table></td></tr></tbody></table><table cellpadding="0" cellspacing="0" role="presentation" style="width:100%"><tbody><tr><td align="center"><table cellpadding="0" cellspacing="0" role="presentation" style="width:90%"><tbody><tr><td valign="top" style="padding-bottom:16px"><h2 class="sm-text-2sm dark-text-offWhite" style="margin:0; line-height:125%; letter-spacing:-0.0075em; font-weight:600; font-family:FuturaPT,Helvetica Neue,sans-serif; color:#32302F; font-size:24px">Good investors reflect on their risk tolerance — and change it as their priorities change.</h2></td></tr></tbody></table></td></tr></tbody></table><table cellpadding="0" cellspacing="0" role="presentation" style="width:100%"><tbody><tr><td align="center"><table cellpadding="0" cellspacing="0" role="presentation" style="width:90%"><tbody><tr><td valign="top" align="left" class="xs-text-sm sm-text-2sm dark-text-offWhite " style="padding-bottom:32px; color:#32302F; letter-spacing:-0.005em; font-weight:400; font-size:20px">The best portfolio is the one you will stick with. The new year is a great opportunity to reflect on what portfolio and strategy is right for you. If you’re in the right one, you should be comfortable staying invested through volatility like we have experienced recently.<br><br>If this year showed you that your risk tolerance is actually lower than you thought, you might be better off reducing the riskiness of your portfolio (although most portfolios that offer good returns will involve periodic losses). Or, you can decide that you want to behave differently in the future and stick with it more than you did this year. The key is being honest with yourself about who you are and what you need. We’re here to help with our surveys and with in person advice, but it’s ultimately a matter of self-reflection.<br></td></tr></tbody></table></td></tr></tbody></table><table cellpadding="0" cellspacing="0" role="presentation" style="width:100%"><tbody><tr><td align="center"><table cellpadding="0" cellspacing="0" role="presentation" style="width:90%"><tbody><tr><td valign="top" style="padding-bottom:16px"><h2 class="sm-text-2sm dark-text-offWhite" style="margin:0; line-height:125%; letter-spacing:-0.0075em; font-weight:600; font-family:FuturaPT,Helvetica Neue,sans-serif; color:#32302F; font-size:24px">Returns are not within your control. But management fees and expenses (and some taxes) are.</h2></td></tr></tbody></table></td></tr></tbody></table><table cellpadding="0" cellspacing="0" role="presentation" style="width:100%"><tbody><tr><td align="center"><table cellpadding="0" cellspacing="0" role="presentation" style="width:90%"><tbody><tr><td valign="top" align="left" class="xs-text-sm sm-text-2sm dark-text-offWhite " style="padding-bottom:32px; color:#32302F; letter-spacing:-0.005em; font-weight:400; font-size:20px">You know the mantra: investing consistently in a diversified portfolio is the most reliable way to build wealth. But you can do more to improve your outcomes, like focusing on reducing fees and taxes. They are guaranteed (and within your control), while returns are not. Over a lifetime of investing, paying a 0.7% management fee instead of a 2% fee can save hundreds of thousands of dollars. Depending on your tax bracket and capital gains situation, tax loss harvesting can save you 0.15%–0.5% each year. Tax-aware security selection can save you another 0.2%. Your future wealth is worth the time it takes to figure things out.<br><br>By following these three principles, you will have set yourself up for long-term success — and freed yourself for a much more important task over the next month: spending time with friends and family. <br></td></tr></tbody></table></td></tr></tbody></table><table cellpadding="0" cellspacing="0" role="presentation" style="width:100%"><tbody><tr><td align="center"><table width="90%" border="0" cellspacing="0" cellpadding="0" role="presentation"><tbody><tr><td valign="top" class="dark-border-sky-40 dark-text-offWhite sm-text-xs xs-text-xs" style="font-family:FuturaPT,Helvetica Neue,sans-serif; font-weight:400; font-size:18px; line-height:1.24em; color:#32302F; text-align:left; padding:15px 0 16px; border-top:1px solid #A2CCE8">WHAT I’M KEEPING AN EYE ON<br><br></td></tr></tbody></table></td></tr></tbody></table><table cellpadding="0" cellspacing="0" role="presentation" style="width:100%"><tbody><tr><td align="center"><table cellpadding="0" cellspacing="0" role="presentation" style="width:90%"><tbody><tr><td valign="top" align="left" class="xs-text-sm sm-text-2sm dark-text-offWhite " style="padding-bottom:32px; color:#32302F; letter-spacing:-0.005em; font-weight:400; font-size:20px">The price of oil is affected by a lot of things — the economic growth outlook, the cohesion and viability of the OPEC+ coalition to constrain supply, changes in fossil fuel investment due to climate change concerns, and geopolitical events — and it can have profound impact on governments and markets. <br><br>Much of the recent news has led to declines in the price of oil: most notably a receding of contagion risk in the Middle East and a perception that OPEC+ may not be able to sustain production cuts. But if any of these trends reverse, we could be in for significant impacts on asset prices and consumer spending. </td></tr></tbody></table></td></tr></tbody></table><table cellpadding="0" cellspacing="0" role="presentation" style="width:100%"><tbody><tr><td align="center" class="sm-pb-12" style="padding-bottom:64px"><table cellpadding="0" cellspacing="0" role="presentation" style="width:90%"><tbody><tr><td valign="top" align="center" class="dark-bg-slate-20" style="border-radius:16px; background-color:#F1F0F0"><table class="sm-w-9_10" cellpadding="0" cellspacing="0" role="presentation" style="width:68%"><tbody><tr><td valign="top" align="center" class="dark-text-offWhite" style="padding-top:20px"><img width="150" alt="" src="https://braze-images.com/appboy/communication/assets/image_assets/images/63c99bd2265148005d2a13b4/original.png?1674157010" style="border:0; display:block; border-width:0px"> </td></tr><tr><td class="xs-text-standard xs-leading-tight dark-text-offWhite" style="line-height:1; font-size:30px; letter-spacing:-0.0075em; font-weight:600; font-family:FuturaPT,Helvetica Neue,sans-serif; color:#32302F; padding-top:8px; padding-bottom:16px; text-align:center">Need a boring way to start 2024?</td></tr><tr><td class="xs-text-2xs dark-text-offWhite" style="color:#32302F; letter-spacing:-0.005em; font-weight:400; font-size:18px; text-align:center"></td></tr><tr><td align="center" class="sm-pb-9" style="padding-top:36px; padding-bottom:44px"><table cellpadding="0" cellspacing="0" role="presentation"><tbody><tr><td valign="top" align="center" style="padding-bottom:0"><a href="#" style="min-width:180px; text-underline-position:from-font; text-decoration:none; display:inline-block; border-radius:24px; border-width:1px; border-style:solid; border-color:#32302F; background-color:#32302F; padding-left:24px; padding-right:24px; padding-top:14px; padding-bottom:14px; font-weight:500; line-height:1; color:#FCFCFC"><span style="">Set up an auto-deposit</span> </a></td></tr></tbody></table></td></tr></tbody></table></td></tr></tbody></table></td></tr></tbody></table><table cellpadding="0" cellspacing="0" role="presentation" style="width:100%"><tbody><tr><td align="center"><table cellpadding="0" cellspacing="0" role="presentation" style="width:90%"><tbody><tr><td valign="top" style="padding-bottom:30px"><h2 class="sm-text-standard dark-text-offWhite" style="margin:0; line-height:102%; letter-spacing:-0.0075em; font-weight:600; font-family:FuturaPT,Helvetica Neue,sans-serif; color:#32302F; font-size:30px">Thought's on today's issue?</h2></td></tr></tbody></table></td></tr></tbody></table><table cellpadding="0" cellspacing="0" role="presentation" style="width:100%"><tbody><tr><td valign="top" align="center" class="sm-pb-12" style="padding-bottom:64px"><table cellpadding="0" cellspacing="0" role="presentation" style="width:90%"><tbody><tr><td valign="top" align="left" class="dark-bg-chartreuse-20 sm-block sm-mb-4" style="border-radius:16px; background-color:#ECF3D5"><table class="sm-w-full" role="presentation" cellpadding="0" cellspacing="0" style="width:173px"><tbody><tr><td valign="top" align="left" style="padding-top:24px; padding-bottom:24px; padding-left:20px; padding-right:20px"><a href="#" style="text-decoration:none; color:inherit"><img width="24" alt="" src="https://braze-images.com/appboy/communication/assets/image_assets/images/63ea5afbcf2828004c057b51/original.png?1676303099" class="dark-hidden " style="border:0; display:block; border-width:0px; margin:0 0 16px"></a> <a href="#" style="text-decoration:none; color:inherit"><img width="24" alt="" src="https://braze-images.com/appboy/communication/assets/image_assets/images/63ea5afbdd04cb004c012af5/original.png?1676303099" class="dark-block " style="border:0; display:none; border-width:0px; margin:0 0 16px"></a> <h4 class="dark-text-offWhite " style="margin:0; letter-spacing:-0.0075em; font-weight:600; font-family:FuturaPT,Helvetica Neue,sans-serif; color:#32302F; text-align:left; font-size:18px; line-height:1.25"><a href="#" style="text-decoration:none; color:inherit; display:block">Yes, useful</a> </h4></td></tr></tbody></table></td><td valign="top" width="10" class="sm-hidden"></td><td valign="top" align="center" class="dark-bg-chartreuse-20 sm-block sm-mb-4" style="border-radius:16px; background-color:#ECF3D5"><table class="sm-w-full" role="presentation" cellpadding="0" cellspacing="0" style="width:173px"><tbody><tr><td valign="top" align="left" style="padding-top:24px; padding-bottom:24px; padding-left:20px; padding-right:20px"><a href="#" style="text-decoration:none; color:inherit"><img width="24" alt="" src="https://braze-images.com/appboy/communication/assets/image_assets/images/64232f3930e33e005c6f954c/original.png?1680027449" class="dark-hidden " style="border:0; display:block; border-width:0px; margin:0 0 16px"></a> <a href="#" style="text-decoration:none; color:inherit"><img width="24" alt="" src="https://braze-images.com/appboy/communication/assets/image_assets/images/64232f39df2150004e8deb51/original.png?1680027449" class="dark-block " style="border:0; display:none; border-width:0px; margin:0 0 16px"></a> <h4 class="dark-text-offWhite " style="margin:0; letter-spacing:-0.0075em; font-weight:600; font-family:FuturaPT,Helvetica Neue,sans-serif; color:#32302F; text-align:left; font-size:18px; line-height:1.25"><a href="#" style="text-decoration:none; color:inherit; display:block">Could be better</a> </h4></td></tr></tbody></table></td><td valign="top" width="10" class="sm-hidden"></td><td valign="top" align="right" class="dark-bg-chartreuse-20 sm-block sm-mb-4" style="border-radius:16px; background-color:#ECF3D5"><table class="sm-w-full" role="presentation" cellpadding="0" cellspacing="0" style="width:173px"><tbody><tr><td valign="top" align="left" style="padding-top:24px; padding-bottom:24px; padding-left:20px; padding-right:20px"><a href="#" style="text-decoration:none; color:inherit"><img width="24" alt="" src="https://braze-images.com/appboy/communication/assets/image_assets/images/641df143b07446004d704768/original.png?1679683906" class="dark-hidden " style="border:0; display:block; border-width:0px; margin:0 0 16px"></a> <a href="#" style="text-decoration:none; color:inherit"><img width="24" alt="" src="https://braze-images.com/appboy/communication/assets/image_assets/images/641df14252e901004edcd534/original.png?1679683906" class="dark-block " style="border:0; display:none; border-width:0px; margin:0 0 16px"></a> <h4 class="dark-text-offWhite " style="margin:0; letter-spacing:-0.0075em; font-weight:600; font-family:FuturaPT,Helvetica Neue,sans-serif; color:#32302F; text-align:left; font-size:18px; line-height:1.25"><a href="#" style="text-decoration:none; color:inherit; display:block">Not for me</a> </h4></td></tr></tbody></table></td></tr></tbody></table></td></tr></tbody></table><table cellpadding="0" cellspacing="0" role="presentation" style="width:100%"><tbody><tr><td align="center"><table cellpadding="0" cellspacing="0" role="presentation" style="width:90%"><tbody><tr><td valign="top" class="sm-pb-7_5" style="padding-bottom:40px; font-size:12px; line-height:1.25"><hr class="dark-bg-slate-40 sm-mt-12 xs-mt-8" style="margin:0; border:0; margin-top:64px; margin-bottom:16px; height:1px; border-width:0px; background-color:#E4E2E1"><table class="dark-text-slate-70" cellpadding="0" cellspacing="0" role="presentation" style="width:100%; color:#32302F"><tbody><tr><td valign="top" class="xs-table-footer-group" style="width:50%"><div class="xs-pt-4 autolink-hide" style="padding-bottom:8px">Wealthsimple,<br>80 Spadina Ave Suite 400<br>Toronto, ON, M5V 2J4 </div></td><td valign="top" align="right" class="xs-table-header-group xs-text-left" style="width:50%"><table align="right" class="xs-float-left" cellpadding="0" cellspacing="0" role="presentation"><tbody><tr><td style="padding-right:16px"><a href="#" target="_blank" style="color:currentColor; color:#32302F; text-underline-position:from-font; text-decoration-line:none"><img src="https://braze-images.com/appboy/communication/assets/image_assets/images/62855883d8f93f3a942d0028/original.png?1652906115" width="16" alt="Instagram" class="dark-hidden" style="border:0; display:inline; border-width:0px; vertical-align:middle"> </a><a href="#" target="_blank" style="color:currentColor; color:#32302F; text-underline-position:from-font; text-decoration-line:none"><img src="https://braze-images.com/appboy/communication/assets/image_assets/images/62855c99d8f93f3b6b2d0080/original.png?1652907161" width="16" alt="Instagram" class="dark-inline" style="border:0; display:none; border-width:0px; vertical-align:middle"> </a></td><td style="padding-right:16px"><a href="#" target="_blank" style="color:currentColor; color:#32302F; text-underline-position:from-font; text-decoration-line:none"><img src="https://braze-images.com/appboy/communication/assets/image_assets/images/62855883fd0e431d2281622c/original.png?1652906115" width="16" alt="Facebook" class="_-border-0 dark-hidden" style="display:inline; vertical-align:middle"> </a><a href="#" target="_blank" style="color:currentColor; color:#32302F; text-underline-position:from-font; text-decoration-line:none"><img src="https://braze-images.com/appboy/communication/assets/image_assets/images/62855883ea438d5ed403bcad/original.png?1652906115" width="16" alt="Facebook" class="dark-inline" style="border:0; display:none; border-width:0px; vertical-align:middle"> </a></td><td style="padding-right:16px"><a href="#" target="_blank" style="color:currentColor; color:#32302F; text-underline-position:from-font; text-decoration-line:none"><img src="https://braze-images.com/appboy/communication/assets/image_assets/images/64dbe114abd604005031d014/original.png?1692131604" width="16" alt="Twitter" class="dark-hidden" style="border:0; display:inline; border-width:0px; vertical-align:middle"> </a><a href="#" target="_blank" style="color:currentColor; color:#32302F; text-underline-position:from-font; text-decoration-line:none"><img src="https://braze-images.com/appboy/communication/assets/image_assets/images/64dbe114897cc00050a98360/original.png?1692131604" width="16" alt="Twitter" class="dark-inline" style="border:0; display:none; border-width:0px; vertical-align:middle"> </a></td><td><a href="#" target="_blank" style="color:currentColor; color:#32302F; text-underline-position:from-font; text-decoration-line:none"><img src="https://braze-images.com/appboy/communication/assets/image_assets/images/62855883fd0e431bbb816447/original.png?1652906115" width="16" alt="LinkedIn" class="dark-hidden" style="border:0; display:inline; border-width:0px; vertical-align:middle"> </a><a href="#" target="_blank" style="color:currentColor; color:#32302F; text-underline-position:from-font; text-decoration-line:none"><img src="https://braze-images.com/appboy/communication/assets/image_assets/images/62855c99c3a1c105b93e5f86/original.png?1652907161" width="16" alt="LinkedIn" class="dark-inline" style="border:0; display:none; border-width:0px; vertical-align:middle"> </a></td></tr></tbody></table></td></tr><tr><td valign="bottom" class="sm-w-full sm-block" style="width:50%"><div style="padding-top:8px"><a href="#" class=" dark-text-slate-70" style="text-underline-position:from-font; display:inline-block; padding-right:16px; color:#32302F; text-decoration-line:underline">Refer a Friend</a> <a href="#" target="_blank" class=" dark-text-slate-70" style="text-underline-position:from-font; display:inline-block; padding-right:16px; color:#32302F; text-decoration-line:underline">Privacy Policy</a> <a href="#" target="_blank" class=" dark-text-slate-70" style="text-underline-position:from-font; display:inline-block; color:#32302F; text-decoration-line:underline">Unsubscribe</a> </div></td><td valign="top" align="right" class="sm-w-full sm-block sm-pt-5_5" style="width:50%"><table align="right" class="xs-float-left" cellpadding="0" cellspacing="0" role="presentation"><tbody><tr><td style="padding-right:6px"><a href="#" target="_blank" style="color:currentColor; color:#32302F; text-underline-position:from-font; text-decoration-line:none"><img src="https://braze-images.com/appboy/communication/assets/image_assets/images/64dbe38885e925004e5508c2/original.png?1692132232" width="120" alt="Download on the App Store" style="border:0; display:inline; border-width:0px; vertical-align:middle"> </a></td><td><a href="#" target="_blank" style="color:currentColor; color:#32302F; text-underline-position:from-font; text-decoration-line:none"><img src="https://braze-images.com/appboy/communication/assets/image_assets/images/64dbe3884e4e920067f7fa40/original.png?1692132231" width="135" alt="Get it on Google Play" style="display:inline; vertical-align:middle"> </a></td></tr></tbody></table></td></tr></tbody></table><hr class="dark-bg-slate-40" style="margin:0; border:0; margin-top:20px; margin-bottom:12px; height:1px; border-width:0px; background-color:#E4E2E1"><p class="dark-text-slate-60" style="margin:0; margin-bottom:1em; letter-spacing:-0.005em; font-weight:400; font-size:10px; color:#615E5C">Replies to this email address are not monitored.<br>Have questions? Visit our <a href="#" class="dark-text-slate-60" style="text-underline-position:from-font; color:#615E5C; text-decoration-line:underline">Help Centre</a> or submit a request to our <a href="#" class="dark-text-slate-60" style="text-underline-position:from-font; color:#615E5C; text-decoration-line:underline">Client Support</a> team. </p><p class="dark-text-slate-60" style="margin:0; margin-bottom:1em; letter-spacing:-0.005em; font-weight:400; font-size:10px; color:#615E5C; text-underline-position:from-font">All information and commentary provided is for illustration purposes only and is not investment advice or recommendations. All investments involve risk. To get more info on our products, investment decisions, fee schedules, user testimonials, promos & more visit <a href="#" style="color:#615E5C; text-decoration:underline; text-underline-position:from-font">company.co/disclaimers</a>.<br><br>Indicated performance data are historical for the period indicated. Rates of return do not take into account any fees or tax payable. Past performance may not be repeated.<br></p><p class="dark-text-slate-60" style="margin:0; margin-bottom:1em; letter-spacing:-0.005em; font-weight:400; font-size:10px; color:#615E5C">Managed accounts are offered by [Company Name], a registered portfolio manager in each province and territory of Canada.</p><p class="dark-text-slate-60" style="margin:0; margin-bottom:1em; letter-spacing:-0.005em; font-weight:400; font-size:10px; color:#615E5C">Self-directed Investing is offered by [Company Name] (Abbreviation). WSII is a member of the <a href="#" target="_blank" style="color:#6c6c6c; text-decoration:underline">[Regulatory Organization] (Abbreviation)</a>. Customer accounts held at WSII are protected by [Protection Fund] (Abbreviation) within specified limits in the event WSII becomes insolvent. A brochure describing the nature and limits of coverage is available upon request or at CIPF.</p><p class="dark-text-slate-60" style="margin:0; letter-spacing:-0.005em; font-weight:400; font-size:10px; color:#615E5C">© [Year] [Company Name]</p></td></tr></tbody></table></td></tr></tbody></table></td></tr></tbody></table></td></tr></tbody></table></div></body></html>
Try
Similar Emails
Blackstone
Blackstone Announces Second-Quarter 2024 Investor Call
Business and Collaboration Outreach
Manufacturing
AbbVie
AbbVie Press Release: AbbVie Acquires Celsius Therapeutics
Business and Collaboration Outreach
Heathcare
Nokia
Nokia enters into an agreement with the French State regarding the sale of leading submarine networks business ASN
Business and Collaboration Outreach
Manufacturing
ServiceTitan
See the entire story of how this company joined ServiceTitan
Business and Collaboration Outreach
Other
Nokia
Nokia and Claro deploy Colombia’s largest 5G network
Business and Collaboration Outreach
Manufacturing
Nissan Motor Corporation
Nissan CEO Makoto Uchida receives honorary award from the United Kingdom
Business and Collaboration Outreach
Automotive & Transport
Nissan Motor Corporation
Nissan announces senior management appointments
Business and Collaboration Outreach
Automotive & Transport
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Save to Board
This is some text inside of a div block.
This is some text inside of a div block.
1 selected
DoneYou have reached your plans limit
To create or access more boards you need to upgrade.
