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We have been flooded with commentary for some time now, today is the day the USA go to vote, the big wrap up. Thought I would share some perspective form some of our sources that study the market and economic implications of th three possible outcomes.
"Regardless of who wins, we expect that the U.S. and global economy will have a strong recovery next year and short-term interest rates will remain low."
For IA Clarington Investments report click on the link below , it drills down , I have clipped the initial highlights for you below.
2020 Pre-Election Commentary.pdf
Scenario 1: Biden wins
What is the impact of a Biden presidency in the short and long term?
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Regardless of who wins, we expect that the U.S. and global economy will have a strong recovery next year and short-term interest rates will remain low.
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Global trade sentiment would improve.
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A corporate tax increase could have a negative impact on earnings power and the market in general.
Scenario 2: Trump wins
What is the impact of a Trump presidency in the short and long term?
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We expect economic growth to accelerate at a faster pace under a Trump administration.
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We are not expecting a large tax cut.
Scenario 3: No clear result
What is the potential impact of a no-decision on election night?
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We believe the risk of not having a result for an extended period is being overplayed in the media.
One might be wondering what are the current market values ? Click below for the lastest weekly update that TD Wealth has compiled.
Weekly Market Report - Nov 2 2020.pdf
Some highlights you can read, YTD Oil is down 41.4% , Canadian Markets down in the -9% range, US -4 to + 26% range, Europe -7 to -26 % range, Bonds 7 to 10 % range, Canada Government Bonds 1.25% , Housing Starts are down a bit (10% range) Unemployment @ 7.9% vs 3.5% year end 2019 .
As I glean some more, I will add them here. No doubt we are driving on a broken road, the pavement is a little bumpy.
Also check out the comment sections for articles Some Morning After Commentaries Nov 4 2020 US Presidential Election (Client Friendly).pdfFrom The Hustle , avoid burnout is an excellent decsison, here is some helpful tips.
Tim
The 3 P’s of burnoutHow to use priorities, positive constraints, and psychology to do more while working less BY Ethan Brooks |
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Meet Bob. Like you, Bob thinks his job is to juggle things. He takes pride in being one of the best jugglers in the business: When someone asks him to throw an extra ball into his routine, he never says no. |
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Graphic: Sheoli Chaturvedi |
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If he doesn’t have time to get something done during the workday, Bob is always willing to do it at night, in between bites of dinner. His day often begins at 8am and doesn’t end until 10pm. When he works late, he has the courtesy not to complain about it to his team (though he will occasionally hint at it). |
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Graphic: Sheoli Chaturvedi |
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Bob’s managers think he’s one of the best employees at the company. They celebrate his juggling skills, tout his willingness to take on new projects, and tell other employees they should follow his example. What they don’t realize is that Bob is putting himself, his team, and even his entire company at risk. Because Bob is on the brink of burnout. |
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Graphic: Sheoli Chaturvedi |
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Medical professionals define burnout as “a psychological state of physical and emotional exhaustion” thought to be induced by work-related stress. There are many theories as to what prompts burnout, but some of the more common job-related causes include: · A lack of social support at work (especially common among remote workers) · Extremes of activity, or burning the candle at both ends · Unclear or undefined job expectations · Work-life imbalance A Gallup survey found that 76% of employees have experienced some form of burnout. These employees are: · 63% more likely to take a sick day than a non-affected worker · 23% more likely to visit the emergency room · 2.6x more likely to look for a new job |
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Graphic: Sheoli Chaturvedi |
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Bob has been teetering on the edge of burnout for a while. If he continues grinding himself down, he won’t just end up being nonproductive: He’ll become anti-productive, making mistakes that the rest of his team must spend time fixing. To make matters worse, Bob is now juggling all of his tasks from home, where it’s harder for his colleagues to gauge his stress levels. |
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Graphic: Sheoli Chaturvedi |
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Luckily, Bob has a little furry friend named Hamster Jack, who just so happens to be a burnout expert. After years spent spinning around in the wheel of burnout, Hamster Jack knows just what it’s going to take to prevent Bob from fizzling out. And it all starts with defining what’s truly important. |
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Graphic: Sheoli Chaturvedi |
Priority: When everything is important, nothing isIn Hamster Jack’s estimation, Bob’s first problem is that he thinks of his work in terms of priorities. Bob juggles a lot of different tasks and considers them all to be critically important. But the very idea of multiple “priorit-ies” (in the plural sense) is relatively new. A search through the world literature on Google N-Gram shows that the term “priorities” was practically nonexistent before the factory boom following World War II. Before that, only the singular version of the word — priority — was widely used. |
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Graphic: The Hustle |
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As Hamster Jack reminds Bob, the idea of multiple priorities is an illusion: Two things can be important, but they can’t both be the most important. When people say they have multiple priorities, what they’re really saying is that they have a hard time prioritizing. They are unwilling to make difficult, potentially uncomfortable decisions about what should take precedence over everything else. The first step to catching and reversing burnout before it does damage is learning to take time to figure out which proverbial balls are actually important — and which need to be dropped. Hamster Jack implores Bob to look at the things he’s juggling each day, and ask himself the following questions: 1. Is this task still important, or has the situation changed? Often we commit to tasks or projects that are important at the time, but become less important as situations evolve. 2. Am I really the only person who can do this? Many top performers think that doing something on their own is easier than teaching someone else how to do it. Trust your colleagues, and give them the chance to surprise you. 3. Is this the most important thing right now? Or am I using it to avoid something else? Deep down, you know when you’re doing this. 4. If this was the only thing I completed today, would I be satisfied with my day’s work? Part of avoiding burnout is focusing on work that will give us a sense of accomplishment. As Bob himself starts juggling fewer things, it clears space for him to focus. |
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Graphic: Sheoli Chaturvedi |
Positive constraints: Doing less to accomplish moreOn its own, prioritizing won’t prevent burnout. For someone like Bob, who’s grown accustomed to working nights and weekends, it doesn’t matter how much tasks are minimized: He’ll find ways to fill his time with more work. Hamster Jack senses that Bob is a victim of Parkinson’s Law: “Work expands so as to fill the time available for its completion.” The implication of this is simple, yet profound: To avoid working all the time — yet still get his work done — Bob needs to limit the amount of time he allots for work. |
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Graphic: The Hustle |
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Some companies and institutions have been experimenting with this very idea and seen positive results: · A New Zealand firm tested a 4-day workweek and found that it actually boosted productivity, creativity, and job satisfaction. · In 2019, Microsoft Japan closed their offices every Friday, and saw a ~39% increase in YoY sales per employee. · A 23-month study in Sweden found that nurses who worked a 6-hour workday had higher productivity levels and lower absentee rates than those with a longer workday. But a mere “commitment” not to overwork won’t lead to sustainable change. In order for this constraint to work, Bob needs to face real, unmovable barriers that force him to finish his work and leave the office — like scheduling a long-overdue date with his love interest, Roberta. |
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Graphic: Sheoli Chaturvedi |
Psychology: The foundation for changeLastly, Hamster Jack knows that without the right psychological approach, Bob will quickly fall back onto the hamster wheel of burnout. Part of the problem stems from the common misconception that being a great employee means working hard. Hard work is part of the equation — but to be truly effective, Bob actually needs to do 2 things: 1. Perform at the highest level 2. Protect his ability to perform at the highest level Doing the first while neglecting the second is only setting Bob and his team up for more problems down the line. Hamster Jack — ever the fuzzy fountain of wisdom — suggests 2 rules to help him navigate his workday: 1. The 80% Rule As Hamster Jack is fond of saying, “There are two types of hamsters in this world: Those who give 110%, and those who understand math." The 80% rule suggests that a superb employee plans to devote 80% of their energy and focus for the day to their job. The remaining 20% should be reserved for hobbies, family time, and everything else that isn’t work-related. By leaving some energy in the tank each day, Bob creates the space he needs to avoid toxic work-life imbalance. Still, Bob often feels guilty putting work away, which is why Hamster Jack shares another secret with him: 2. Diffuse Problem-Solving The brain has 2 modes of problem-solving: focused and diffuse. The focused mode, which is most familiar to us, is when we give our full attention to a problem and try to reason our way through it. It can be very effective — especially when the problem is relatively familiar. But the diffuse mode is where the problem-solving magic happens. This is when we allow our mind to wander, allowing it to connect disparate ideas at a level the focused mode doesn’t allow for. When Bob chose to step away from work and go live his life, he unlocked his mind’s ability to solve creative and complex problems. And in the end, this did more for his career, his team, and his company than a few extra hours of juggling. |
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Graphic: Sheoli Chaturvedi |
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Editor’s note: This story was inspired by a presentation on burnout that Ethan gave to The Hustle's editorial team. |
https://ivari.ca/resources/tools/my-insurance-view/
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Simply click on the "Sign Up" button, setup your account and then work through the questions.
Tim
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Interesting article that raises some good commentary . I think this is a topic that will expand on, please check out comment section for future additions. - Tim
PEAK Disclosure - click for a view
https://improvingfutures.ning.com/blog/peak-dealership-representative-disclosure?context=featured
Please always check out the comment section of my blogs, these are located below, there you will find the rest of the story , additonal research and information, please also add your own comments when you can, or find relevant stories, build, learn, share.
Locally we are getting electric recharge stations. My friend Gord McFarlane keeps me posted on the many developments that are happening. In the beginning of a trend the costs are some times higher than established sources.
Received this commentary last night on the cost of electric cars it raises some interesting thoughts to reflect on and review in greater detail. ~Tim
" Subject: Fwd: INTERESTING - About electric cars
IF ELECTRIC CARS DO NOT USE GASOLINE, THEY WILL NOT PARTICIPATE IN
PAYING A GASOLINE TAX ON EVERY GALLON THAT IS SOLD FOR AUTOMOBILES,
WHICH WAS ENACTED SOME YEARS AGO TO HELP TO MAINTAIN OUR ROADS AND
BRIDGES.....
THEY WILL USE THE ROADS, BUT WILL NOT PAY FOR THEIR
MAINTENANCE!
In case you were thinking of buying hybrid or an electric car:
Ever since the advent of electric cars, the real cost per mile of
those things has never been discussed.
All you ever heard was the mpg. in terms of gasoline, with nary a mention of the cost of electricity
to run it . This is the first article I've ever seen and tells the story pretty much as I expected it to.
Electricity has to be one of the least efficient ways to power things
yet they're being shoved down our throats. Glad somebody finally put
engineering and math to paper.
BC Hydro spokesman ... If you really intend to adopt electric vehicles,
he pointed out, you had to face certain realities. For example, a home charging system
for a Tesla requires 75 amp service. The average house is equipped
with 100 amp service. On our small street (approximately 25 homes),
The electrical infrastructure would be unable to carry more than three
houses with a single Tesla, each. For even half the homes to have
electric vehicles, the system would be wildly over-loaded.
This is the elephant in the room with electric vehicles. Our
residential infrastructure cannot bear the load. So as our genius
elected officials promote this nonsense, not only are we being urged
to buy these things and replace our reliable, cheap generating systems
with expensive, new windmills and solar cells, but we will also have
to renovate our entire delivery system! This latter "investment"
will not be revealed until we're so far down this dead end road that
it will be presented with an 'OOPS...!' and a shrug.
If you want to argue with a green person over cars that are
eco-friendly, just read the following. Note: If you ARE a green
person, read it anyway. It's enlightening.
Eric test drove the Chevy Volt at the invitation of General Motors and
he writes, "For four days in a row, the fully charged battery lasted
only 25 miles before the Volt switched to the reserve gasoline engine.
"Eric calculated the car got 30 mpg including the 25 miles it ran
on the battery. So, the range including the 9-gallon gas tank and the
16 kwh battery is approximately 270 miles.
It will take you 4.5 hours to drive 270 miles at 60 mph. Then add 10
hours to charge the battery and you have a total trip time of 14.5
hours. In a typical road trip your average speed (including charging
Time) would be 20 mph.
According to General Motors, the Volt battery holds 16 kwh of
electricity. It takes a full 10 hours to charge a drained battery.
The cost for the electricity to charge the Volt is never mentioned ,
so I looked up what I pay for electricity.
I pay approximately (it varies with amount used and the seasons) $1.16
per kwh. 16 kwh x $1.16 per kwh = $18.56 to charge the battery.
$18.56 per charge divided by 25 miles = $0.74 per mile to operate the
Volt using the battery. Compare this to a similar size car with a
gasoline engine that gets only 32 mpg. $3.19 per gallon divided by 32
Mpg = $0.10 per mile.
The gasoline powered car costs about $25,000 while the Volt costs
$46,000 plus. So the Canadian Government wants loyal Canadians not to
do the math, but simply pay twice as much for a car, that costs
more than seven times as much to run, and takes three times longer to
drive across the country.
Will not be long till the Axe Throwing location opens up at "The Capitol" an immersive escape room experience , part of the South Coast Escape Corporation , located on the North Augusta Road which connects the North End Walmart area to King Street, right next to The Brockville Flea Market.
In anticipation of the grand opening I picked up a "Double Bit Axe" for throwing. Figured I would do a little research on Estwing the company that made it. Here is their Outdoor Product Video
Estwing Outdoors from Estwing on Vimeo.
I picked up my a double bit axe at TSC store in Brockville. Doubles and Singles are available there.
Website at The Capitol https://geneaucurt.wixsite.com/website also, be sure to always check out the comment sections for some additional background info, pictures, articles, video and commentary
PEAK Disclosure - Click to Study
As always we are always concerned about protecting our clients privacy. This updated from our professional organization shows that our industry has lots of room for improvement.
A few things that we are implementing in our practice from a practical doing business perspective.
1. Trusted Contact ~ in the event that we feel something is off , maybe your making decision that do not seem to reflect your normal behavior, maybe dementia is developing, your forgetful, requesting high risk investments, involing people in your deciisons that are not normal. A trusted contact authorization allows us to reach out to say a family member to check in with them to make sure you are ok.
2. Authorization to Release / Obtain / Exchange Confidential Information ~ this document allows us to share as an example your tax information with your bank or mortgage broker so they can secure a loan for you.
3. Online access to your portfolio, we have implemented a multi part authorization to ensure your privacy. ~ we want to be sure that it is you accessing your account.
There is many other best practices that we implement and maintain every day.
Tim Ross
CEO, Founder
Brock Shores Financial
Here is a link to our dealerships privacy policy
Peak Privacy Policy http://www.peakgroup.com/publicweb/index.php/en/privacy-policy.html?fbclid=IwAR0fIB13-tcpjeSlFIUHm0KkJrxepV_5Gtww9MlXGY00UH7FMG8LEFSI2EU
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PEAK Disclosure - Click to reflect
Searched for wages and up came the 2018 year end
https://improvingfutures.ning.com/blog/year-end-2018-from-the-new-york-times
so wages is a good gauge to link in here, lets get a start on the year end, teh months seem to fly by
Wages in your industry, here is some data
Some Trump Trudeau meet early Dec 2019
PEAK Disclosure - Click to Study
Came across this video on Sweden socialism, it's not what we think, check it out.
PEAK Disclosure - Click to Study
Great article I recieved from an advisor in the states that I follow, Kevin is a premier wealth advisor in Northborough, MA and provides soem wonderful insight on concerns that come up with our neighbours in the USA
I have broken the age bracks down in the comment section for quick check list, build on each year
PEAK Disclosure - Click to Study
Mobilizing Finance for Sustainable Growth
https://www.canada.ca/en/services/environment/weather/climatechange/climate-action.html
Interesting the Business Wire is part of Berkshire Hathaway Group, aka Warren Buffett
The Expert Panel’s report includes fifteen recommendations to support the growth and development of sustainable finance in Canada. Sustainable finance refers to capital flows, risk management activities, and financial processes that incorporate environmental and social factors as a means of promoting sustainable economic growth and the long-term stability of the financial system.1
The report has been welcomed by the Responsible Investment Association, a network of financial professionals and investment organizations representing more than C$12 trillion in assets under management.
Peak Disclosure For Your Review
https://improvingfutures.ning.com/blog/peak-dealership-representative-disclosure?context=featured
got this email this morning on keeping our kids safe online. Cyber security is a big concern for us so going to start this posting here. Be sure and check the comment section for addition resources that I will be finding and posting there. Be sure to add resources that you discover as well.
Let's start with parenting and protecting our kids. Helicopter Parenting
Peak Disclosure For Your Review
https://improvingfutures.ning.com/blog/peak-dealership-representative-disclosure?context=featured
Peak Disclosure For Your Review
https://improvingfutures.ning.com/blog/peak-dealership-representative-disclosure?context=featured
https://www.farandwide.com/s/what-maps-get-wrong-5ac03541daa64ecc
Peak Disclosure For Your Review
https://improvingfutures.ning.com/blog/peak-dealership-representative-disclosure?context=featured
Looking like a snow day after the storm. While you wait to get back out there click on the link and watch this excellent documentary on Johnny Cash
Peak Disclosure For Your Review
https://improvingfutures.ning.com/blog/peak-dealership-representative-disclosure?context=featured
Articles on wills, poa's , estate, death topics
Will add in the comments ideas that we discover that will be drivers
