The Dietrich Report

May 2023

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Warren Buffett Wisdom

Investment icon Warren Buffett says there’s wisdom in being "fearful when others are greedy and greedy when others are fearful." 1 He first gave this advice in 1986 and has re-iterated it over the past few decades during times of financial uncertainty: 9/11 in 2001, the 2008 mortgage crisis, the 2011 Black Monday crash and the 2020 global pandemic.

Relying on wisdom and courage - instead of fear - during unpredictable global events is what Buffett means by his ’fear and greed.’ comment. When others flee during a financial crisis, Buffett’s advice is to be clear-eyed and look for opportunities that...
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A Short Conversation About Banks

The recent tremors in the US banking system (collapse of Silicon Valley Bank - SVB) have caused some Canadians to question how developments in the US might affects their own savings. The key thing to understand is that there are BIG differences between Canadian and US banking systems.

A Google search for "How many banks are there in the US?” 1 reveals that there are over 4,000 FDIC insured commercial banks versus some 50 or less in Canada – the six large banks, plus Credit unions and some others. The reality is that the US banking system has been consolidating for several decades.

To maintain public "confidence”, the US Federal Government stated that all bank deposits may be protected above the FDIC insured level of $250,000.2 So, at this point...
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Financial Independence Tips for Seniors

As people age, maintaining financial independence can become increasingly challenging. However, there are steps that senior can take to help ensure that they can continue to live independently and enjoy their golden years without financial worries.

Below, we will discuss some of the ways that seniors can maintain their financial independence for years into the future.

Create a Budget - One of the most important steps that seniors can take to maintain their financial independence is to create a budget. A budget can help seniors understand their income and expenses and make informed decisions about how to allocate their money. By creating a budget, seniors can ensure that they are living within their means and have enough money to cover their basic needs.
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Aligned Capital Partners Inc. (ACPI) is regulated by the Investment Industry Regulatory Organization of Canada (www.iiroc.ca) and member of the Canadian Investor Protection Fund (www.cipf.ca). The information contained in this publication has been compiled from sources believed to be reliable, but no representation or warranty, express or implied, is made by Aligned Capital Partners Inc., its affiliates or any other person as to its accuracy, completeness or correctness. All opinions expressed in this communication are those of the author, as of the date of this publication, and subject to change without notice. Opinions expressed in this publication should not be viewed as legal, accounting or tax advice or individually tailored investment advice. This material is prepared for general circulation to clients and has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. Products or services referenced may not be suitable for you and it is recommended that you consult your advisor if you are in doubt about the suitability of such investments or services. This is not an offer to sell or a solicitation of an offer to buy any securities. Investment products are provided through ACPI and include, but are not limited to, mutual funds, stocks, and bonds. All non-securities related business conducted by Myron Dietrich is not in his capacity as an agent of ACPI. Non-securities related business includes, without limitation, fee-based financial planning services; estate and tax planning; tax return preparation services; advising in or selling any type of insurance product; any type of mortgage service. Accordingly, ACPI is not providing and does not supervise any of the above noted activities and you should not rely on ACPI for any review of any non-securities services provided by Myron Dietrich. Past performance is not indicative of future performance and future returns are not guaranteed. No matter contained in this document may be reproduced or copied by any means without the prior consent of the author or ACPI.

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