Welcome to our website.  This site will tell you all about Peer Financial, the services we offer and how to substantially reduce your taxes.  We have a number of proven strategies to minimize risk and provide you with a simple, comprehensive tax planning strategy.  Our goal is for you to keep more of your hard-earned dollars because we believe the greatest financial risk of all is paying too much tax.

For more than 10 years, we have been presenting our Advanced Tax Planning Strategies Seminar and helping thousands reduce their taxes.  If you haven't attended one of our seminars, please consider attending one in 2008.

Rob Curr
Vice President

 

 

 

Actively Managed Portfolio for September 2008

 

The AMP plunged by 7.76% this month, the most in more than 5 years, as markets around the world experienced a global credit crunch and declining markets. Year-to-date the fund is down by 18.79% as it tries avoid inevitable selling pressures. The AMP is fairing better than most major market indexes, which we agree is of little comfort. The TSX is down more than 15% and the U.S. markets are down more than 20%. European indexes range from declines of 22% to 28% and Asian markets are off as much as 35%. There were actually two buys on September 3 but most of the month was spent selling the six positions that we held. By September 23 the entire portfolio was invested in the Manulife Monthly High Income fund sitting in ‘cash.’

 

The Manulife Monthly High Income fund is a 4-star rated fund run by veteran fund manager Alan Wicks. It has consistently been first or second quartile (in the top 25% or top 25% to 50% of funds in its class) and has medium-to-low volatility. It currently has 26% invested in bonds, 60% invested in Canadian equities and around 10% in cash. The large cap value fund

is down 8.7% this year which is slightly more than half the losses of the TSX. When markets do recover and start to show some buying signals, it will take time to deploy funds from the Manulife Monthly High Income fund. However, as this fund has exposure to equities, it will benefit from a rising market and provide gains as we become fully invested.

 

When markets will start to recover is anyone’s guess. Fundamentals and the fair market value of companies are thrown out the window. Swings of 400 or 500 or 900 points in the Dow and TSX are erratic, irrational and unheard of since the Great Depression. Fund managers acknowledge this panic in the markets and are waiting for the appropriate time to deploy cash on hand and take advantage of what could be the biggest buying opportunity in their lifetime. The AMP is basically doing the same thing. Out of this crisis will come new stock market leadership. It could be precious metals, health care, infrastructure or some surprise like U.S. equities. What ever shows positive momentum, the Actively Managed Portfolio will capitalize on it. Until then, all we can do is wait.

To read the remainder of this article and view the most recent issue of Peer Perspectives, click here.

 

Join us for our next session. You will learn how to remove the "trapped" cash in your corporation tax-free, eliminate the tax when selling an asset and produce tax-free income. Using Peer's innovative tax saving strategies you will have a plan that will save you money this year and for years to come. By the end of the seminar you will see how you can have a comprehensive tax planning strategy unique to your situation.  

 "The significant problems we face today cannot be solved
at the same level of thinking as when we created them."
- Albert Einstein

 So, if you don't change your thinking, what will change your present situation?