Skip Navigation

John Ridd
Kate Murdoch
Megan Lisowski
Crystal Ng

Tel: 905-727-5040

Address
BMO Nesbitt Burns
16775 Yonge St
Suite 221
Newmarket, ON
L3Y 8J4
Map

Contact Us

January 2021 Enewsletter

Posted on: January 14, 2021

Happy New Year!!
 
We hope that you all had a wonderful holiday season and a great start to 2021.
 
We strive to keep you informed with what your investments are doing, what we are seeing in the market, deadlines that you need to be aware of, and wealth management information to support your education. This past year, many of our announcements were missed, due to a common problem we all face. This common problem is information overload. We have been listening to all of your feedback and have received consistent reports that it’s hard to find the time to read our newsletter every week. Therefore, for this year we will be switching our e-newsletter from weekly to monthly, in an effort to help you and us to narrow in on the most important information. We are choosing quality over quantity, and at the end of the year we will ask for your feedback. Each e-newsletter will be released on the first Friday of each month.  We hope that this adjustment helps to further support our goal of keeping you informed.
 
Reminders for the start of 2021
  • TFSA Contributions: The new contribution limit for 2021 is $6,000
    • For those looking to contribute new funds or make special arrangements, you should have received an email from our team to support you with these savings plans.
    • For those that have provided us with automatic contribution instructions, these requests have already been submitted on your behalf and will be completed by the end of next week.
 
  • RESP Contributions & Withdrawals:
    • For those looking to contribute new funds or make withdrawals, you should have received an email from our team to support you with these plans.
    • For those that have provided us with automatic contribution instructions, these requests have already been submitted on your behalf and will be completed by the end of next week.
 
  • RRSP Contributions: The new contribution limit for 2021 is $27,830. For 2020, it is $27,230.
    • For those looking to make contributions that count against the 2020 tax year, this must be completed within the first 60 days of the New Year. Please contact us with any question, and/or expect a reminder call/email from us, to support arranging your contribution.
 
 
MARKET COMMENTARY
 
This week, as of writing, the TSX reached a new high, touching 18,000 for the first time, and the S&P500 hit a record high of 3,809. This surge was spurred by expectations of expanding U.S. stimulus to aid economic recovery. These expectations were set in motion with congress confirming Joe Biden as the winner of the presidential election and with two democratic senators from the state of Georgia winning their run-off elections. As a result of these democratic victories, Joe Biden’s party has much more control over the senate, helping to define how much the new president will be able to get done. Markets reacted favourably to the improved chances that another stimulus bill will be passed, especially with Biden stating the $900 million package two weeks ago was simply a “down payment”.
 
Beyond hopes for increased stimulus for the economy, the rollout of COVID-19 vaccines is expected to help daily life around the world get closer to normal. That has investors anticipating an explosive return to growth for corporate profits later this year.
Trump also helped to ease investor worries, at least temporarily, after issuing a statement there will be an "orderly transition on January 20th.”
 
Despite the recent growth in markets, the underlying economy still remains fragile. Our signals are fully in the Green Zone at the moment, but as always we are watching them closely. As mentioned in previous newsletters, we rely heavily on our short-term indicator to get us out of the market and it has done well at doing so. To support us in getting back into the market, we have made adjustments to our strategy by shifting to a more consolidated signal. As such, you will see less trading in your accounts going forward, but we remain committed to having an active strategy, a disciplined strategy and most importantly to protecting your principal.
 
Wishing you all a wonderful weekend.
 
   
~ John, Kate, Megan & Michelle  
     
     
 
 

RESEARCH
 
 
FOCUS
Where Have All the Workers Gone?
 
ECONOFACTS
U.S. Economy ... Still Resilient
Cdn. Merchandise Trade Balance (Nov. 2020) — Golden Gain in Exports
Minutes of December 15-16 FOMC Meeting
Vaccinations: State of Play
Surprise! U.S. ISM Manufacturing PMI Hits a 2-Year High
Canadian Job Gains Shut Down
 

 
CONTACT US
Phone: (905) 727-5040 | Fax: (905) 830-9538
Toll free: 1(800) 651-5952
Ridd.Associates@nbpcd.com www.RiddandAssociates.com
Our Mailing address is: #221-16775 Yonge St. Newmarket ON L3Y 8J4
 
RIDD & ASSOCIATES WEALTH ADVISORY GROUP
John Ridd, PFP® CIM® FMA® FCSI® Vice President, Wealth Advisor & Portfolio Manager
Kate Murdoch, CIM® CFP® BCOMM Investment Advisor & Financial Planner
Megan Lisowski, PFP®   Investment Representative
Michelle Silva Investment Representative
 

Introduce Someone You Value
We hope you enjoy today’s e-Newsletter.  Please feel free to pass along to a family member, friend or colleague. We invite them to contact us and we will add them to our distribution list.
 

Next

Blog Archive