Summer Update

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First, a warm welcome to all new subscribers!

As of mid-July, the S&P500 index has gained a stunning 100% since the depths of the March 2020 COVID downturn and is 30% higher than the pre-COVID high in February 2020. I am surprised we haven't had a significant market pullback in the past 16 months. There are certainly plenty of respected market forecasters who believe we are soon in for a downturn. It could happen any time. But there are at least as many experts forecasting continued excellent market performance. Like it or not, uncertainty is the constant companion of stock market investors!  

Whichever direction the market turns in the short run, I believe stocks will continue to deliver good returns to patient investors in the long run. As always, make sure your overall asset allocation represents a suitable balance of long term opportunity and downside protection (Chapter 9). 

An Innovative New Product

Purpose Investments recently launched a very innovative new product called the Purpose Longevity Pension Fund. It is the world's first mutual fund that incorporates longevity risk. Like conventional pension funds and annuities, the Longevity Fund will pay out more to those who live longer and less to those who pass away early. This feature addresses the risk of outliving your money. 

I really like the idea of this product but no investment product is perfect and there are no guarantees. I will be watching closely to see how the product develops.

There are excellent articles discussing the Longevity Pension Fund in both MoneySense and the Globe and Mail.

Investor Advisory Service

I remain committed to helping all Canadians learn about lower cost DIY, AIY and Robo investing through my book, emails, webinars, speaking engagements, etc. But, as announced a few months ago, I am personally advising a small number of clients based on the principles described in Beat the Bank. This service is best suited to investors with portfolios in excess of $1 million. All of my clients are benefitting from very substantial fee savings. If this service might potentially be of interest to you, just reply to this email and we can discuss.

Finally, thanks to you for spreading the word about Beat the Bank which continues to help thousands of Canadians invest smarter.

Your feedback is always welcome!

All the best to you and your family.


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The Wealth Game · 155 George Street · Toronto, On M5A 2M8 · Canada


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