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Not Just About The Money

Good day, When we invest money we generally do so for personal gain.  We want to ensure we can maintain our comfortable lifestyles during retirement, put our kids through school and maybe help them purchase their first home, continue to grow our net worth, provide for family members, etc. It is the nature of humans to protect ourselves and extending that protection to our financial wellbeing is the right thing to do.  But through responsible investing, we do much more for society whether we realize it or not.  It is difficult to start a business, and most require upfront capital, as well as periodic injections of funds to continue to realize on the underlying initiative.  Whether businesses are financed through loans from investors or an ownership stake, many of the goods and services that have enhanced our lives today wouldn’t be available to us without the help of early investors and more along the way.  In addition to investing directly in a business to get it off the ground or help it grow to enhance its offerings, we assist in job creation which is the lifeblood of economies around the world.  In the public investment space (stock markets and bond markets), examples might be more obvious.  Many of our staples such as groceries and household products are produced by many publicly traded companies.  Banks and insurance companies provide loans and insurance products, technology companies continue to enhance our web-based world, and the list goes on.  Investing in private assets can also make a difference in the lives and livelihoods of those around us.  Small to large private businesses can quickly access funding to continue to increase their sales, bridge loans can be provided to acquire equipment and apartment buildings can be renovated to provide better housing to people of all financial means. We can include pages of examples of why capital markets are a modern world necessity and while many of these examples are more easily understood, investment will continue to encourage innovation and evolution which will shape our lives in ways we can’t imagine today.  Thank you for taking care of yourself, while investing in those around you. Happy Halloween Weekend!

Daniel Popescu CFP, CIM, FMA, FCSI

President & CEO

“I have prepared this commentary to give you my thoughts on various investment alternatives and considerations which may be relevant to your portfolio. This commentary reflects my opinions alone and may not reflect the views of Harbourfront Wealth Management. In expressing these opinions, I bring my best judgment and professional experience from the perspective of someone who surveys a broad range of investments. Therefore, this report should be viewed as a reflection of my informed opinions rather than analyses produced by Harbourfront Wealth Management Inc.”

Disclaimer – This information transmitted is intended to provide general guidance on matters of interest for the personal use of the reader who accepts full responsibility for its use and is not to be considered a definitive analysis of the law and factual situation of any particular individual or entity. As such, it should not be used as a substitute for consultation with a professional accounting, tax, legal or other professional advisor. Laws and regulations are continually changing, and their application and impact can vary widely based on the specific facts involved and will vary based on the particular situation of an individual or entity. Prior to making any decision or taking any action, you should consult with a professional advisor. The information is provided with the understanding that Harbourfront Wealth Management is not herein engaged in rendering legal, accounting, tax or other professional advice. While we have made every attempt to ensure the information contained in this document is reliable, Harbourfront Wealth Management is not responsible for any errors or omissions, or for the results obtained from the use of this information. All information is provided “as is,” with no guarantee of completeness, accuracy, timeliness or as to the outcome to be obtained from the use of this information, and is without warranty of any kind, express or implied. The opinions expressed herein do not necessarily reflect those of Harbourfront Wealth Management Inc. The particulars contained herein were obtained from sources we believe to be reliable but are not guaranteed by us and may be incomplete. The opinions expressed are not to be construed as a solicitation or offer to buy or sell any securities mentioned herein. Harbourfront or any of its connected or related parties may act as financial advisor or fiscal agent for certain companies mentioned herein and may receive remuneration for its services. The comments and information pertaining to any investment products (The Portfolios) sponsored by Willoughby Asset Management are not to be construed as a public offering of securities in any jurisdiction of Canada. The offering of units of The Portfolios is made pursuant to the Offering Memorandum or Simplified Prospectus and only to investors in Canadian jurisdictions. Important information about The Portfolios is contained in the Offering Memorandum or Simplified Prospectus available through Willoughby Asset Management. Commissions, trailing commissions, management fees, performance fees, and expenses all may be associated with investments in The Portfolios. Investments in The Portfolios are not guaranteed, their values change frequently, and past performance may not be repeated. Historical annual compounded total returns including changes in unit value and reinvestment of all distributions do not take into account sales, distribution or optional charges or income taxes payable by any security holder that would have reduced returns. Unit values and investment returns will fluctuate and there is no assurance that The Portfolios can maintain a specific net asset value. Harbourfront Wealth Management Inc. (“Harbourfront”) has relationships with related and /or connected issuers, which may include the securities or funds discussed in this commentary and are disclosed in our Statement of Policies Regarding Related and Connected Issuers. This policy is included in your new client package, on our website, or can be obtained from your investment advisor.