*** Disclaimer below***

In this special episode, Navid Boostani, co-founder of ModernAdvisor, discusses key insights into the investment market for 2024. He reflects on the unpredictable nature of market predictions, highlights the importance of diversification, and explains the growing trend of Canadian investors shifting from mutual funds to ETFs due to lower costs and better efficiency. The episode emphasizes the value of financial advisors in navigating emotional aspects of investing and maintaining a balanced portfolio in uncertain times.

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Portfolio Planning & Home Happy Team

Key Points:

Market Performance Predictions

Navid discusses the market predictions for 2024, emphasizing that many anticipated downturns did not occur, and instead, significant gains were noted across major indexes, showcasing the difficulty of accurately predicting market movements.

Importance of Diversification

The discussion highlights the need for a diversified investment portfolio to mitigate risks associated with market volatility and uncertain predictions. A diversified approach is crucial for long-term investment success.

Shift from Mutual Funds to ETFs

Navid explains the notable trend among Canadian investors moving from traditional mutual funds to ETFs, primarily due to lower costs, and highlights the benefits of ETFs in terms of efficiency and investment strategy flexibility.

Role of Financial Advisors

The conversation stresses the emotional factors in investing and the essential role of financial advisors in helping clients navigate their financial journey, ensuring clients stay committed to their long-term investment strategies.

Investment Strategy Flexibility

ModernAdvisor offers a range of investment options that cater to different client preferences, from low-cost passive strategies to actively managed portfolios, emphasizing the need to align investment strategies with client comfort levels.

*** Disclaimer***

The information provided is for illustrative/educational purposes only. All investment strategies referenced in this material come with investment risks, including loss of value and/or loss of anticipated income. Past performance does not guarantee future results.

This material is not intended to constitute legal, tax, accounting, investment or financial advice or a recommendation to buy, sell or hold a security, and should not be considered an offer or solicitation to deal in any product or financial strategy mentioned herein.

Effort has been made to ensure that the material presented herein is accurate at the time of publication. The information discussed herein may not be applicable to or appropriate for every investor and should be used only after consultation with professionals who have reviewed your specific situation. 

Modern Advisor Canada Inc. provides discretionary portfolio management services through an online investment management platform and is a subsidiary of Guardian Capital Group Limited, a publicly traded firm listed on the Toronto Stock Exchange. For further information on Guardian Capital Group Limited and its affiliates, please visit www.guardiancapital.com. For further information on Modern Advisor Canada Inc., please visit www.modernadvisor.ca. All trademarks, registered and unregistered, are owned by Guardian Capital Group Limited and are used under license.