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Uncertainty about my investments!

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	South Coast Financial Services We care about your financial self defence ... shouldn't you?

		Dear Visitor, As we all have seen the Crovid-19 virus has changed everything in our world today. The stock markets are way down and people are feared for their investments amongst everything else. This is just like our 2008 crash people were saying they lost lots of money. Well the truth of the matter is some actually lost money while others only lost money on paper. The people who actually lost money are those who withdrew their money due to fear (and some for need granted). The people who lost on paper road out the storm and kept their money invested. The investments at the time of the pandemic crash were way higher than they were at the start of the 2008 crash. Now we understand that in some cases you may need to withdraw funds for personal emergencies and if you are on a RIF our LIF type account you have to take out a certain amount based on government regulations and to top up your retirement. But if you don’t have to make withdrawals don’t! The stock market should start to recover once the pandemic is over and no one knows when that will be. Now how long will it take to get back to the levels of today? No one knows however based on the history of the stock market it is always higher every 10 years. So if that holds true, 10 years after this crash we should be at a value above the start of the pandemic crash. Another thing to remember is that there are guarantees on your investments if you are invested in Segregated Funds with an insurance company. Some facts about guarantees: There are guarantees which could be 75% to 100% of the value you have invested at time of death. In some cases it takes 10 years for the guarantees to be in force. You can exercise reset options which will now change the guarantee to include growth. Some companies allow for yearly resets while others can be done every 10 years. ( there are some companies that do not offer the reset options so take care contact your advisor to see if your investments will allow for resets) The funds are creditor protected and can’t be touched even by the CRA. They are not included in your estate value going through probate. The funds will go directly to your beneficiary on proof of death. Based on the above, now is actually a good time to invest with segregated funds given guarantees and the balance of the points above. Your investment is protected if it goes lower and given that the market will probably start recovery once the pandemic is over you should start to see growth in your investments. If you are in a mutual fund however you have none of the above guarantees and unfortunately your investment is based on the current market value. If you wish you can transfer your funds from mutual funds to segregated funds you can do RRSP, RIF, LIRA, LIF, TFSA, & RESP’s. Bottom line is that we are in a different world now which will hopefully return to normal once the pandemic is over. If you wish to talk to us about your investments our contact information is below. We provide services in all these areas: Income Protection Debt Reconstruction Investing for the Future Wills & Powers of Attorney Travel Insurance Group Benefits Should you desire more information in any of these areas contact us, our contact information is below and we would be glad to setup a time where we can sit down and discuss things with you. Also make sure you book your appointment for your complimentary, comprehensive and confidential Financial Goals Analysis. The analysis can lead you and your family to your financial goals and dreams!

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We care about your financial self defence ... shouldn't you?

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What we do for our clients!

Initial Meeting

We normally meet at your home where you are more comfortable but due to Covid-19 we can meet with you virtually over a web meeting or via the phone.
We get to know you and you get to know us
We collect information about you to perform a complimentary, confidential Financial Goals Analysis
We book a follow up appointment to provide with a road map to meet your goals and dreams

Your Financial Road Map

We present to you a detailed presentation outlining the following:

Your net worth
Income protection / insurance requirements (life, disability & critical illness)
Your financial independence number & retirement saving needs
Saving for your children's education
Debt reconstruction
Wills & Powers of Attorney