Happy New Years!
As we embark on a brand new year, we at The Steele Group would like to take a moment to reflect on the past year. All of our clients and partners have our deep gratitude and thanks for placing your trust in us this year. We are proud to have worked alongside you in 2022 navigating the ups and downs of the stock market and supporting your financial goals.
To close off the year a brief reminder that when investing, it is typical to think in 3 year, 5 year, or 10+ year timeframes. Ideally within a portfolio, investors see a slight outperformance year by year in both positive and in negative markets. Here is a summary of the market activity for 2022:
We would have to go back to 2008 to find a more difficult year for investors. With the market bottom for 2022 being October 12, 200, we can start looking forward towards a stronger 2023 in all our portfolios. Below are examples of how these benchmark returns impacted various portfolios in Canada in 2022:
Our commitment for 2023 is to continue providing the highest quality investment advice and services to help you achieve your long-term financial objectives. We hope that the new year brings you and your loved ones health, happiness, and prosperity.
Wishing you a Happy New Year from all of us.