Andrew Harroch - Wealth Advisor at IA private wealth

Andrew Harroch - Wealth Advisor at IA private wealth Wealth Advisor at iA private wealth

04/17/2024

5 reasons why you should have a retirement plan in place.

Financial Health Check: Understand your current financial standing and how to improve it.

Achievable Goals: Planning helps ensure your retirement dreams are both achievable and financially sound.

Discover Opportunities: Retirement plan opens up opportunities to maximize your earnings and savings.

Risk Preparedness: Prepare for life’s uncertainties with a comprehensive retirement plan that includes safeguards like insurance and emergency funds to protect you and your family.

Peace of Mind: Studies show that a solid retirement plan leads to greater financial and emotional well-being, offering you peace of mind today and security for the future.

Invest in your future now—your retirement plan is the roadmap to a secure and fulfilling life post-career.

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This information has been prepared by Andrew Harroch who is an Wealth Advisor for iA Private Wealth Inc. Opinions expressed in this post are those of the Wealth Advisor reflect those of iA Private Wealth Inc. iA Private Wealth Inc. is a member of the Canadian Investor Protection Fund and the Canadian Investment Regulatory Organization.

The value of staying invested.Consider the impact of missing the best 10, 20 and 30 days on the value of $10,000 investe...
09/18/2023

The value of staying invested.

Consider the impact of missing the best 10, 20 and 30 days on the value of $10,000 invested in Canadian stocks over the past 10 years.

Source: Dynamic Funds - Investing essentials
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This information has been prepared by Andrew Harroch who is an Associate Investment Advisor for iA Private Wealth Inc. Opinions expressed in this post are those of the Associate Investment Advisor only and do not necessarily reflect those of iA Private Wealth Inc. iA Private Wealth Inc. is a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada.

08/16/2023

Here are a few reasons to incorporate ETF’s in your portfolio:

1. Diversification - ETFs offer an easy and effective way to achieve diversification in your investment portfolio.

2. Cost-Efficient Investing - ETFs are renowned for their cost-effectiveness.

3. Flexible and Liquid - ETFs provide excellent liquidity and flexibility. Traded on major stock exchanges, you can buy or sell ETF shares at market prices throughout regular trading hours.

4. Transparency - ETFs are known for their high level of transparency. Daily disclosures of their holdings allow you to see exactly what assets the ETF contains.

If you would like to discuss ETFs, feel free to reach out.
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This information has been prepared by Andrew Harroch who is a Associate Investment Advisor for iA Private Wealth Inc. and does not necessarily reflect the opinion of iA Private Wealth. The information contained in this newsletter comes from sources we believe reliable, but we cannot guarantee its accuracy or reliability. The opinions expressed are based on an analysis and interpretation dating from the date of publication and are subject to change without notice. Furthermore, they do not constitute an offer or solicitation to buy or sell any of the securities mentioned. The information contained herein may not apply to all types of investors. The Associate Investment Advisor can open accounts only in the provinces in which they are registered.
iA Private Wealth Inc. is a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada. iA Private Wealth is a trademark and business name under which iA Private Wealth Inc. operates.

03/30/2023

Great news - the government has made a helpful change to the Registered Education Savings Plan (RESP). They increased the EAP withdrawal limit for the first 13 weeks enrolled.

When you take money out of an RESP, there are two types of withdrawals:

-Education Assistant Payments (EAP)
-Post-Secondary Education (PSE).

EAP includes grants and investment growth, and it's taxable to your child. PSE, on the other hand, is tax-free and consists of the money you've contributed to the RESP after taxes.

Previously, there was a limit on how much EAP money you could take out during the first 13 weeks of a qualified educational program. But now, the government has raised those limits to $8,000 (from $5000) for full-time programs and $4,000 (from $2500) for part-time programs.

Both of these changes are effective as of Budget Day.

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This information has been prepared by Andrew Harroch who is an Associate Investment Advisor for iA Private Wealth Inc. Opinions expressed in this post are those of the Associate Investment Advisor only and do not necessarily reflect those of iA Private Wealth Inc. iA Private Wealth Inc. is a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada.

03/30/2023

Consider changing your strategy if you're paying income taxes in installments and not earning daily interest on your cash.

With current interest rates you can get up to 4.40% CAD and 4.55% USD, it may be worth exploring your options.

The investment interest savings account that we offer comes with the following features:

-100% liquidity
-A variable Rate
-Pays daily interest
-No buy/sell fees
-CDIC insured ( https://lnkd.in/gYbDyWVS)

* Rates as at 03.30.23. All rates are annualized and subject to change without notice.

We also have a multitude of short term investment opportunities.
If you want to know more about our offering, do not hesitate to contact me by:

email: [email protected]
cell: 514-836-3432


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This information has been prepared by Andrew Harroch who is an Associate Investment Advisor for iA Private Wealth Inc. Opinions expressed in this post are those of the Associate Investment Advisor only and do not necessarily reflect those of iA Private Wealth Inc. iA Private Wealth Inc. is a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada.

03/16/2023

‘’Preparing Your Portfolio for Different Economic Scenarios: Soft, Hard, or Perfect Landing"

The global economy is facing a key question: how should portfolios be positioned considering the different possible scenarios that may unfold? The three main possibilities are a soft landing, a hard landing, and a perfect landing. Each of these outcomes requires a different investment strategy to protect portfolios and maximize returns.

In the event of a soft landing, where the Federal Reserve and other central banks manage to contain the economy’s decline, equities are likely to rebound strongly. Investors should be moderately overweight in equities and stay in fixed income, given that rates will likely come down eventually. However, the duration of central banks’ interest rate pause is crucial, and the longer the pause, the more likely it is that rates will stay low.

In contrast, a hard landing would mean that the Fed went too hard and fast with rate increases, causing significant damage to the economy. The Fed would need to react by cutting rates quickly to avoid a double-dip recession. In this scenario, investors should be positioned in fixed income, particularly given the higher yields seen in the last year. Conservative exposures among equities, focusing on Quality and Value, are also recommended.

A perfect landing, where inflation ends without significant job losses or an excessive increase in interest rates, would result in a surge in all risk asset markets. However, this could lead to inflation rebounding faster than desired by the Fed, resulting in a premature return to higher interest rates. Investors should watch for excessive risk rallies and take profits accordingly, adding to downside hedges along the way. One way to hedge risk is with the selective use of covered calls or allocations to covered call ETFs.

Ultimately, it’s important to be aware of the different scenarios that could unfold and adapt your investment strategies accordingly.



This information has been prepared by Andrew Harroch who is an Investment Advisor for iA Private Wealth Inc. Opinions expressed in this post are those of the Investment Advisor only and do not necessarily reflect those of iA Private Wealth Inc. iA Private Wealth Inc. is a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada.

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