To Ginsler Wealth’s Clients:
You are no doubt paying close attention to the Trump Tariffs that will be levied on Canada, Mexico and China in a few days – and the resulting impacts to the Canadian and U.S. economies, and (North American) financial markets in general.
It is fortuitous that my two most recent quarterly letters were written precisely to address situations just like this:
In October of last year, in my 2024 Third Quarter Letter, I wrote about the importance of “doing nothing” in the face of a market shock event, if you are confident that you have already taken appropriate steps to build portfolios that are diversified across numerous asset classes and strategies; portfolios that have inherent downside protection built in. I remain confident that we have done this, and as such won’t be taking any rash or dramatic actions this coming week.
And just a few weeks ago, in my 2024 Fourth Quarter Letter, I wrote about some of the actions (“doing something”) we have taken and continue to take based on what we have been observing in U.S. and international markets. This included further diversifying portfolios into non-U.S. markets and increasing allocations to income-oriented investments. More recently, in 2025 so far, we have begun shifting some equity allocations to more value-oriented U.S. and Canadian strategies, and have taken steps to further reduce risk in client portfolios.*
On the first page of our website, there is a quote that reads: “We don’t rest, so you can.”
Rest assured – we are watching very closely and thinking very carefully about the best actions to take – or not – to prudently care for your portfolios.
Thanks as always for your trust, support and confidence. We are available 24/7 should you need us.
Sincerely,
Brian Ginsler
President & CEO
*As always, please recall that all clients have different goals, objectives and risk tolerances, which means that some or all of the actions and investments detailed above may not be suitable for your own specific circumstances.
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