July 2021 Update

Money is a tool. It's something that supports your life!

Our Blog continues to change with a more personalized approach to our articles and information. With our podcasts revolving around Estate Planning, we share two great articles revolving around Digital Assets and helping the Next Generation of Investors. As well, Ashley shares her own article about the importance of the client/advisor relationship, and we share a special spotlight on Jumia!

Our Blog is changing again! As our latest podcast episodes have focused on Estate Planning, we bring that focus to the blog and share two planning articles: Estate Planning your Digital Assets and Engaging the Next Generation.

And speaking of the next generation, Ashley is contributing to the monthly blog with her own article series:The Millennial Minute. She brings her personal life experience to the table and talks about how our business can help elevate the next generation of investors, as well as sharing her personal finance experiences.

As always, we share Stephen's Technical Comments, our Interesting Charts and the Portolio Performance. We have also added in a explanative piece on one of our newer holdings - Jumia.

We hope you enjoy this month's offerings, and we hope you have a wonderful July!

The Millennial Minute

In my debut article, I quickly touch on why meeting with your financial team is beneficial to planning your life and setting your goals, and why we love to get personal! Click here to read more

Members of our Planning Team:

We also would like to remind you that we have an extensive team of experts that we work with. From Business Succession, to Retirement Planning, even to mortgages, we have the professional advice and service you may be looking for!

 

Interesting Charts

1) How happy is our country? One of the highest on the chart, Canadians are satisfied in their lives due to good health, income, safety and strong social ties with families, friends and co-workers. 

 

 

Source: World Happiness Report 2021

 

2) Money is great, but what good is it when you aren't physically and mentally well? Or when there's no one to spend your time with? 

 

 

Technical Comments

• July gapped above the June high by 1 tick. Small gaps typically quickly close, and this one closed within the 1st few minutes of the month on Thursday.
• Next monthly target is measured move up at 4,537, based on height of pandemic crash (from February 2020 high to March 2020 low).
• June was the 5th consecutive bull bar. There have not been 6 consecutive bull bars since the pandemic low. That increases the chance that July will close below its open.
• If July has a bear body, July would be the end of a parabolic wedge rally (3 legs up in a tight bull channel) from the March 2020 low. That would probably lead to profit taking and a 2- to 3-month sideways to down pullback.
• Traders will buy that 1st pullback, and therefore it should be only a minor reversal in a strong bull trend.
• The best the bears can hope to get this year is a trading range for a few months.
• The low could be as much as 20% down from the high, but traders will buy it, expecting at least a test of the old high, which would be the top of the trading range.
• The bulls hope that the rally from the pullback low will be a resumption of the yearlong bull trend and not simply a test of the old high.

The Portfolios

June was a relatively quite month in the portfolio. We sold finning, Draft Kings, and Wabco. We added new positions in Waste Connections Inc, Digital Ocean Holdings and Big Commerce Holdings.  We also took profits on many of our Canadian names.  We are sitting with about 17% cash. 

Returns on our 60/40, 70/30, and 80/20 portfolios before fees: As of July 6, 2021

 

Portfolio Spotlight

Jumia is an e-commerce, payment, fintech, and logistics company in Africa with a voracious appetite and ambitions.  Africa is an enormously underserved and underappreciated opportunity for a digital transformation at a scale no one has ever seen before. Africa has 1.2 billion people with a median age of 19.4 years. Of these, there are about 450 million Internet users, mostly via mobile phones.

We believe Jumia has a total domination strategy which could lead to truly massive technology company with so many sub segments among its big three (marketplace, logistics, pay) that it will be the Amazon/Shopify, FedEx/Ups, PayPal/Apple Pay/ Stripe, Bank of America/Visa, and DoorDash/Postmates/Uber Eats of Africa. That platform consists of a marketplace, which connects sellers with consumers, a logistics service, which enables the shipment and delivery of packages from sellers to consumers, a payment service, which facilitates transactions among participants active on our platform in selected markets, and within the e-commerce market place, the ability to “boost” listings, which is a fancy way of saying digital advertising.

Planning Topics

Estate Planning for Digital Assets: When developing a comprehensive estate plan for the transfer of assets, it’s important to understand and obtain informed guidance on an often overlooked group of assets: your digital assets. Click here to read more.

Engaging the next generation: Are they prepared? Children and grandchildren need to get ready for their role and inheritors. Click here to read more.