DM Monthly Newsletter – Sept 2017
STAYING ON PLAN IN UNINSPIRING MARKETS – Equities have generated a prodigious total return since their financial crisis meltdown and, in retrospect, it’s obvious that this was a great time to be invested. Through the period, however, there have been no shortage of unnerving events and market drops to test one’s fortitude and will to remain invested.
Click here to read more: DM-Monthly-Report-Sep-17
Cardinal Capital – August Update
North Korea – What Should An Investor Do?
- We are all worried about the current standoff with North Korea. Kim Jong-Un took over as Leader of North Korea in 2011 and has launched 17 missile tests in 2017 alone; more tests than in 20 years from 1991 to 2011 before he took charge. The problem is that North Korean missile technology has improved enormously in the past few years versus previous decades when it was common to hear the country announce a missile test only to have it fail to launch………
- The trouble with attempting to move to cash in advance of one of these events is that markets tend to start moving sharply higher well before the crisis in question is actually resolved. And of course, there is also the very real possibility that the situation does not get worse, in which case investors will likely drive the market higher in a relief rally. As an investor, doing nothing can feel like a difficult move, but history suggests it is the best move.
Click here to read more: Cardinal Update – August 2017
Charitable Gifting with Shared Ownership Universal Life Insurance
Many individuals have realized their charitable aspirations by donating a life insurance policy to the charity of their choice. In situations where that donation is a Universal Life policy, the use of a Shared Ownership strategy could prove to be a viable investment for the donor.
Shared Ownership refers to an arrangement involving cash value life insurance policies such as Universal Life. Universal Life combines life insurance with an investment fund which grows tax deferred until the cash value is withdrawn. If the cash value is paid out at death, the growth is tax free.
Under Shared Ownership, the life insurance and the cash value would have different owners and beneficiaries and would be structured as follows: Read more 
How to Keep the Family Business Thriving For Generations to Come
Most corporate dynasties fail to make it to a second generation, making these Canadian firms thriving under the leadership of the founder’s grandkids (and great-grandkids!) truly remarkable
Izzy Asper never wanted his children to work at Canwest Global Communications, the now defunct media empire he founded. His drive and hunger for acquisitions turned Canwest into one of the most powerful firms in Canada and, for a time, earned the Aspers a spot on the Rich 100. He wanted his kids to succeed elsewhere, however.
“They were all practising lawyers and were doing very nicely on their own. It was they who got this dynastic glaze in their eyes—which I generally discouraged,” he told journalist Peter C. Newman. “I don’t believe in dynasties.” But his daughter, Gail, “slipped through the net” to become general counsel at Canwest, and brothers David and Leonard followed. It was under Leonard’s stewardship that Canwest filed for bankruptcy in 2009. Read more
