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Scotia Wealth Management

10 important issues that all investors need to remember in tough times – March 19th – Conference Call Replay

The Richard Dri Podcast

March 24, 2020

In today’s special episode, Richard discusses the COVID-19 Pandemic, Dri Financial Group’s preparation for both good and bad markets, the overall success of its portfolios over its 35 years, and how they are currently managing portfolios. He also addresses 10 important issues that all investors need to remember as we move forward together through this difficult time.

LISTEN TO THE PODCAST – DOWNLOAD THE TRANSCRIPT

Highlights:

  • We sincerely hope that all our listeners are healthy and continue to stay healthy.
  • While it is easy to respond during difficult times with emotions and panic, Dri Financial Group’s decisions have always been based upon evidence, not fear or misinformation.
  • The Bank of Nova Scotia is secure and Dri Financial Group is open for business.
  • Asset allocations are appropriate, the tactical model is in cash, current cash flows are in GICs, and we invest only in dividend paying stocks.
  • The federal government has announced major stimulus measures.
  • We have experienced difficult markets in the past and a solution has always been found to make life better; there will be a ‘comeback.’

Quotes:

“When we built our dividend models, we back tested our strategies to analyze how they would perform in good markets and in very bad markets.”

“Over the longer time frame the strategies have performed well.”

“The Bank of Nova Scotia has ample liquidity and the Bank of Canada has promised even more liquidity should we need it.”

“Portfolios can be reviewed electronically.”

“We have spent most of 2019 balancing and rebalancing client portfolios so they accurately reflect your age and your risk profile.”

“At this particular moment, we have more cash in all our portfolios than normal.”

“In 2008, we realized that RIF clients should have between 2 to 5 years of cash flow requirements in laddered GICs.”

“Historically, dividend paying stocks have been excellent long-term investments.”

“We need to practice social distancing and we may need a complete shutdown of the entire country for a period of time.”

“Large banks have offered to defer mortgage payments for up to six months.”

“I have lived through several difficult markets…somehow, the human spirit found the solution and life eventually got better.”

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