As you may already know, Superstar Investment Corp. proudly supports the London Health Sciences Foundation. Along side all the other amazing members we have worked hard all year to achieve our fundraising goals. It is precisely at this time in the Campaign when we really need the support of our volunteers to mobilize the community to get us to our end goal. Thank you to every one for putting in your trust, your gifts, your energy and work into the advancement of the hospital, the foundation and the campaign.
I am extremely proud to let you know that we have reached:
$181 M towards our $200 M goal!!
Outstanding results because of your support!
To learn more, click here for the new story by CTV.
The Gerald C. Baines Foundation is urging Londoners to match the $1.5-million it is committing to help expand a local cancer research centre.
The foundation announced the funding commitment Tuesday, in hopes of generating a total of $3-million to expand the Gerald C. Baines Centre for Translational Cancer Research, which is part of the Lawson Victoria Research Laboratory.
Dr. David Palma tells AM980 the centre is unique in that it has physicians and researchers working together and sharing ideas.
“What they’ve tried to do is break down those barriers by locating everybody together so you can’t help but work together all the time. We get this cross-pollination of ideas. When the Baines family came forward with an idea of another donation, of course we were extremely ecstatic!”
Dr. Palma is a Radiation Oncologist and Clinician Scientist who has firsthand knowledge of the success of the Baines Centre for Translational Cancer Research. In partnership with imaging scientist Dr. Aaron Ward in 2011, they used $15,000 in seed funding to establish a new research program aimed at developing imaging technology to help better determine the best option for treating lung cancer patients. The success of the initial results led to additional funding of $1-million through other funding agencies.
Read the full story at:
A group of dedicated volunteers (physicians, researchers The goal for the Cancer Care Campaign is to raise and community leaders) is spearheading the Cancer Care $40 million for patient care, research, equipment and education Campaign – and each and every one of them has made a at LRCP. The team of volunteers was created to mobilize the personal philanthropic gift in support of the campaign and community in this important cause, helping Londoners work the cancer patients and families we serve. Combined, their together to advance care for cancer patients and their families contributions to our Foundation total almost $2.4 million! Thank you to these amazing individuals!
Cancer Care Campaign: Key Priorities
With the support of philanthropists like you, our Hospital will transform treatment and care for cancer patients in London and Southwestern Ontario. Our fundraising priorities include:
Renovating the Fight against Cancer – The LRCP facility is becoming extremely overcrowded. Through a large-scale renovation, our specialists will be able to serve cancer patients and their families in a modern and welcoming space. You’ll arrive at LRCP and make your way through an efﬁcient registration area. You’ll await your appointment in a comfortable sub-waiting room, and will have personal discussions with your physician in a private area. And you’ll receive chemotherapy in a spacious environment with your loved one by your side.
Translational Cancer Research –Setting the stage for busy cancer clinicians and their scientist colleagues to connect, exchange ideas and discuss new possibilities allows exciting research to take root for cancer patients and their families. Our Hospital engages in world-leading research to help detect and prevent metastasis, ﬁnd new ways of treating cancer in a highly personalized way, create new methods to detect and treat the disease through novel imaging techniques, and offer innovative clinical trials of new cancer therapies.
Superstar Investment Corp .
Second Quarter Report 2016
By Azam Abu-Saud,
Although global capital markets experienced significant volatility in the second quarter of 2016, results for the end of the period showed modest improvement for most asset classes.
Markets were rattled in late June when the British electorate voted in favour of leaving the European Union (EU). The surprise results of the “Brexit” vote caused equity markets to drop, losing an estimated US$3 trillion in value over just a few trading days. The British pound and euro declined, while investors sought out perceived safe havens, including gold, stable government bonds and currencies such as the U.S. dollar and Japanese yen. However, once the initial shock of the “leave” result had passed, global markets rebounded into the end of the quarter, with equities recouping most of their earlier losses.
Despite the anxiety about the future of Europe, U.S. stocks as measured by the S&P 500 Index finished the three-month period with a 2.5% gain in local currency terms, or nearly 2.8% when expressed in Canadian dollars, while the MSCI World Index rose 1.2% in U.S. dollars, or 1.5% in Canadian dollars, including dividends. Markets in Germany and France remained down for the quarter as investors weighed the referendum result. London’s FTSE 100 Index, however, experienced a surprising turnaround, adding 6.5% in local currency, or 1.4% in Canadian dollar terms over the quarter. The index was led by multinational companies, which are deemed to have less exposure to the domestic British economy.
The S&P/TSX Composite Index also experienced volatility through the period, but finished with a solid gain. The Canadian market added about 5.1% including dividends for the second quarter, and 9.8% for the year-to-date, making it one of the top-performing developed markets worldwide. The index’s materials and energy sectors have benefited from rising prices for oil and many other commodities in 2016. Gold-related companies got an additional boost as the metal’s price increased following the Brexit result.
Developed market bonds registered positive returns for the period, despite very low – and even negative – interest rates offered in some countries. Government bond yields in the U.S. and Canada neared record lows in response to the EU uncertainty, and prices for higher-quality corporate bonds also rose. The FTSE/TMX Canada Universe Bond Index, measuring the total returns of Canadian government and investment-grade bonds, returned 2.6% for the second quarter.
While markets appeared calmer a week after the British referendum, the vote has cast doubt on the future of the EU, and this uncertainty will likely spur more volatility in the weeks and months to come. Nevertheless, the global economy continues to exhibit slow growth, and business conditions in many parts of the world remain supportive. In fact, the Brexit result has increased the likelihood that global interest rates will remain low, encouraging business and diversified investment activity.
The speed with which markets turned downward then recovered following the Brexit vote is a reminder of how sudden market sell-offs can reverse themselves fairly quickly, once the initial panic has passed. Rather than joining the retreat, experienced investors can use such episodes as opportunities to buy high-quality businesses at discounted prices, and to diversify portfolios that may have become concentrated over time.
Azam Abu-Saud, CFP, CIM, FCSI
President / Superstar Investment Corp.
The information in this letter is derived from various sources, including CI Investments, Signature Global Asset Management, Cambridge Global Asset Management, Globe and Mail, National Post, Bloomberg, The Guardian, and Trading Economics. Index information was provided by TD Newcrest and PC Bond, and all quoted equity index returns are on a total return basis (including dividends). This material is provided for general information and is subject to change without notice. Every effort has been made to compile this material from reliable sources; however, no warranty can be made as to its accuracy or completeness. Before acting on any of the above, please contact me for individual financial advice based on your personal circumstances.
U.K. leaving the EU – or “Brexit”
AN HISTORIC DEVELOPMENT-
What should I do? –What should I do?
By Azam Abu-Saud
In an historic development, U.K. citizens have voted in favour of their country leaving the European Union (EU) by a slim margin of 52% to 48%. The news triggered a dramatic reaction on global financial markets on June 24, with share prices declining sharply and prices for bonds and gold increasing. In currency markets, the U.S. dollar was up against most currencies, while the euro and British pound dropped.
Given the magnitude of these moves, I am writing to provide you with some perspective on these events and what they might mean for us.
Why did the markets react this way?
First of all, the financial community in general believes that the prospect of the U.K. leaving the EU – or “Brexit” – will be harmful to the British, European and global economies and their financial systems because of the increased uncertainty and impediments to trade and finance. With regard to the day-after market reaction, many market participants were simply caught by surprise. Although the vote was seen as too close to call throughout most of the campaign, polling in the final week suggested that the “remain” side had a slight advantage.
What does this mean for investors?
For long-term investors like us, the results are unsettling. However, we anticipate the impact may be limited. This event will indeed lead to greater political uncertainty and financial volatility. Other things to consider include the fact that the referendum result is not binding on the British Parliament, and any separation from the EU will take years to negotiate. Meanwhile, companies continue to do business much as they did before and the global economy continues on its path of slow but positive growth. In fact, many professional investment managers believe the current stock market decline represents an opportunity to buy quality companies at attractive prices.
What should I do?
My advice is to simply stick to your existing long-term investment plan, which is tailored to your individual objectives and time horizon – criteria that are not affected by Brexit. Your plan takes stock market volatility into account by having a well balanced portfolio.
If you have any questions about your investments, please contact me at 519 432 8700. Once again, I thank you for your business and I hope that you and your family have a safe and happy summer.
Azam Abu-Saud, President,CIM, CFP, FCSI
Superstar Investment Corp.
Chartered Investment Manager, Certified Financial Planner, Fellow Canadian Securities Institute
The information in this letter is derived from various sources, including CI Investments, Signature Global Asset Management, Cambridge Global Asset Management, the Globe and Mail and the New York Times. This material is provided for general information and is subject to change without notice. Every effort has been made to compile this material from reliable sources; however, no warranty can be made as to its accuracy or completeness. Before acting on any of the above, please contact me for individual financial advice based on your personal circumstances.
Based on an article from our U.S. partners – Getting help to invest, manage taxes, and protect your family may be worth the cost.
The financial world is complex–with myriad choices, complex terminology, and high stakes. Many people prefer a do-it‑yourself approach, but partnering with a financial professional has the potential to help. Of course, that guidance comes with a cost. Is it worth it? That is a personal decision that each individual needs to evaluate, but there are advantages to working with a financial professional. “Having a strong relationship with a financial professional can be a huge benefit for individuals and the people they care about,” Steve Gresham, executive vice president in Fidelity’s Private Client Group. “A financial professional can help prevent you from being blindsided by risks, avoid making big mistakes, understand your options, confront realities about your financial situation, and make strong plans.”
Exhibit 1: Where a financial professional can add value
1. Investment guidance
The nightly news will always include a mention of what the S&P 500 or Dow Jones indexes did. While these broad benchmarks have a role to play in evaluating investment returns, the truth is that most investors fall far short of “market” performance. Independent research firm DALBAR estimates that the average stock investor trails the stock market by nearly four percentage points annually, while Morningstar has estimated that mutual fund investors as a whole have trailed the average mutual fund by from 0.55% up to 2.5% a year, in recent years.¹ One key reason: bad timing.
Investors as a whole tend to buy investments that have been rising and sell when they have been falling, as the emotions of fear and greed drive decisions. Unfortunately, these are often poorly timed decisions, and they end up resulting in underperformance.
Exhibit 2 Trying to time the market can cost you
Source: Investment Company Institute, 2015 Investment Company Fact Book. Past performance is not a guarantee of future results. These data show industry flows into the equity funds tracked by the Investment Company Institute, plotted as a six-month moving average. A six-month moving average means that each data point shows the average for the previous six months; for example, the data point for June 2015 shows the average for January–June 2015. Total return is based on the MSCI All Country World Daily Total Return Index, a free-float-adjusted market-capitalization-weighted index that is designed to measure the equity market performance of developed and emerging markets.
A financial professional potentially can help you create and follow a disciplined investment process to avoid these emotional decisions. This includes an appropriate asset allocation to help you reach a particular goal. Research has shown that asset allocation is a key driver of portfolio returns. The choice of an appropriate asset allocation depends on your goal, time frame, situation, and risk tolerance. But it’s not easy to do. According to data from workplace savings plans that Fidelity administers in the U.S., only about half the investors who are doing it on their own have an asset allocation that is roughly on track.²
Having an appropriate investment mix is important when it comes to how much risk and volatility you can tolerate. The key is to pick a portfolio mix you can stick with through market ups and downs.
“All of us experience similar feelings, but acting on our emotions may not always produce the best financial results,” says Joe Steeves, senior vice president in Fidelity’s private client group. “An experienced professional can offer a steadying hand during stressful times to help you stick to a plan that’s right for your situation and feelings about risk, and to navigate the markets to reach your goals.”
2. Navigating the tax rules
Taxes, and all the rules around taxes are complicated, but a financial professional may be able to help.
Just helping you to think through which of your investments should be held in which account can make a big difference.
Which investments are better suited for a TFSA and which for a RRSP? Because different types of investments are subject to different tax rules, and different types of accounts offer different tax benefits, coming up with a strategy for what to put where can potentially reduce the taxes you have to pay on your investments overall. These asset location decisions can be complex, but a financial professional may be able to help.
A financial professional may also be able to help you manage the ongoing taxes from your investment portfolio, through investment selection and strategies like tax-loss harvesting – matching investment gains and losses.
3. Financial planning for life
Having a relationship with a financial professional also creates the opportunity for you to manage the risks and needs of your family as they change over time. This means everything from a plan for retirement saving to managing the financial impact of children and parents through different life stages, and protecting your own long-term financial goals from excessive risk.
A financial professional can help you manage the complexities of retirement savings and spending – choosing how much to save and in which accounts, and then how much to withdraw, and which investment alternatives and accounts should be used to help generate income.
A financial professional can also help keep your plan on track, by helping to manage changes in your life, and helping to navigate around major risks. This means helping you adjust your strategy to support your children – and your aging parents – through the different stages of life. It also means helping to protect your family from major risks. Health issues are a common cause of early retirement, and they can derail your plans. A financial professional can help you to create a plan to protect your loved ones.
A trusted financial professional can also help your family. In many families, a single individual is primarily responsible for investment decisions and managing money. But as you age, the risks of disability, impairment, and death rise. It may not be pleasant to consider, but who would help your spouse or children navigate your financial situation if you couldn’t?
Working with a trusted professional who understands your financial situation can help your loved ones manage that transition. A professional can also bring an impartial perspective to challenging family conversations, including who will make decisions and what will happen to your money after you are gone.
“Our research shows that seven in ten adult children believe it is important to know about their parents’ financial situation, and one in three feels he or she needs to know more,” says Steeves.³ “A financial professional can assist in these conversations and step in during the moments that matter, with the information and insight you and your family need to handle changes as you age.”
Exhibit 3 As parents age, adult children are more involved in finances.
Survey conducted by Fidelity in November 2015. See footnote 3 for details.
Staying on track
Creating a financial plan is an important step. But as your life and the markets change, your plan will need to adapt. A financial professional can help keep you on track.
For Canadian Investors
For Canadian prospects only. Offered in each province of Canada by Fidelity Investments Canada ULC in accordance with applicable securities laws.
Before investing, consider the funds’ investment objectives, risks, charges and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
Views expressed are as of the date indicated, based on the information available at that time, and may change based on market and other conditions. Unless otherwise noted, the opinions provided are those of the author and not necessarily those of Fidelity Investments or its affiliates. Fidelity does not assume any duty to update any of the information.
Investing involves risk, including risk of loss.
Past performance is no guarantee of future results.
¹ DALBAR study: The results cited are from the 2015 Quantitative Analysis of Investor Behavior for investment performance from January 1, 1985, to December 31, 2014. DALBAR is an independent, Boston‑based financial research firm. Using monthly fund data supplied by the Investment Company Institute, QAIB calculates investor returns as the change in assets after excluding sales, redemptions, and exchanges. The Morningstar study: The 2014 and 2015 Mind the Gap studies compares asset-weighted 10-year investor returns with average 10‑year returns.
² Data as of December 31, 2015. Asset allocation based on equity holdings relative to Fidelity Freedom Fund using a 10% band and based on an assumed retirement age of 67. “All data based on Fidelity analysis of 22,000 corporate DC plans (including adviser-sold DC) and 13.6 million participants.
³ Survey based on 20-minute online interviews with a total of 1,043 adult children. Interviewing took place from October 14 to November 2, 2015. Adult children had to be at least 30 years old with a living parent who is at least 60 years old. The children’s parents also needed to have at least $500,000 in assets and be working with a financial adviser.
Indexes are unmanaged. It is not possible to invest directly in an index. The S&P 500 Index is a market capitalization–weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
The Dow Jones Industrial Average (DJIA) is a price-weighted average of 30 significant stocks traded on the New York Stock Exchange or the Nasdaq.