Rick Smerchinski, Wealth Advisor of RBC Dominion Securities Inc.

10/19/2022

As we slowly let our guard down, COVID is making a comeback as new variants. Here is more:

www.cnbc.com

10/04/2022

I watched the Sinead O'Connor documentary called "Nothing Compares" last evening. Sinead parabolic music career was destroyed, when she tore up a picture of the Pope on Saturday Night Live in the early 90's. This was done in protect of the Catholic Church and the Pope's efforts to cover systemic child abuse. At the time, I thought Sinead was out of her mind. Now, I believe she was trying to open mine.

www.nytimes.com

09/28/2022

First it was tennis. Then golf. Now Pickelball taking the lead as the social sport of choice. Here is more:

www.cnbc.com

09/23/2022

Ford is building a mega electric vehicle production facility that is unprecedented. Larger than the Rouge Factory by three fold. Now that's going all in.

corporate.ford.com

09/21/2022

"There is always this saying - I throw you three balls, how many will you catch? Probably none. But if I throw one, there is a high chance you catch it. And this is the thing - focus on one item, and take the next item when one is done."

08/29/2022

Remarkable to see the dramatic rise in heating costs across the greater European community. The average consumer will have some difficult choices to make this fall/winter causing a further strain on the economy. Here is more:

www.reuters.com

08/23/2022

Interesting short read speaking against 7 conventional wisdoms on how the grow your wealth, such as most millionaires are self-made. Here is more:

www.cnbc.com

08/02/2022

You will enjoy watching Warren Buffett explain how to succeed, no matter your age or abilities.

m.youtube.com

07/06/2022

"Those that fail to learn from history are doomed to repeat it" Winston Churchill

Patience, patience and more patience is what investors need to exercise in the current market environment.

History has demonstrated the economy has a hard time digesting interest rate increases by the Federal Government. In particular, 3 rate hikes has proven to cause significant declines in asset prices.

Unfortunately, with inflation running high and unemployment running low, it is likely too early to be a buyer of risk assets. Because more interest rate hikes are coming.

Start by reviewing your portfolio to find areas where you can improve the quality of the assets you currently own. And, make a list of the risk asset you wish to own along with the price you feel represents a compelling investment opportunity, ideally a multi-generational opportunity.

Please do not hesitate to reach out with any questions. Happy to help in complete confidence as a fiduciary.

financial-dictionary.thefreedictionary.com