Again in 2014, the vast majority of our clients experienced a double-digit gain in their stock market fund investments. This brings their total gain since the 2008 downturn to in excess of 90%, after expenses. During the same five years, the TSX index advanced from 9,234 to 14,632, a total gain of 58%.
Monaghan Financial Group Inc. is an independent financial planning business, based in Alberta, Canada. Although our clients span the world, the majority reside in Alberta.
MFGI was incorporated in Canada in 1985. We offer a wide variety of services to our clients and customize solutions to each unique situation.
For more information on specific areas of financial planning (E.g. Guaranteed stock-market investment funds, Retirement Planning, Estate Planning, Life Insurance, RRSPs, TFSAs, Investment Opportunities, Critical Illness Insurance, Disability Insurance), please either email to email@example.com or call him directly on (780) 222-2253.
At present, we have a full practice. To be added to our wait-list, please email to firstname.lastname@example.org. Upon receipt of your message, we will advise how soon we anticipate being in a position to offer service.
January 14, 2015
Vol. 33 No.1
2014 was another great year for MFGI clients. While we did not double the TSX last year, more than 90% of our clients outperformed it yet again.
We had predicted a year ago that 2014 would be the year when the TSX would finally return to and pass out its 2008 high. That did, in fact, happen; however, much of the early 2014 gains were lost in the final few months of the year, mainly because the oil price declined by over 50%. At this writing, the TSX is 1,031 points behind its pre-recession high, on June 18, 2008.
On this date in 2014, Globe and Mail quoted CIBC World Markets and wrote that the bank anticipated earnings growth among the TSX composite index companies to be about 13% in 2014, with only 7.5% growth for S&P 500 listings in the U.S Despite all the resources available to them, again they were wrong as the S&P 500 continued to outperform the TSX. Why, you might ask, is this pattern continuing?
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