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Know. Like. Trust.
Market Watch

As we approach the first week of May the weather outside is getting warmer, but we are still in the midst of volatile market conditions. Inflation continues to be of concern, with Canadian inflation hitting 6.7% in March, which is the highest in over 30 years. As a result, we have seen the Bank of Canada hint at a 0.75% rate increase in the coming weeks, which would bring the overnight lending rate back to pre-pandemic levels.

We continue to see tensions in Europe with the war in Ukraine, and no immediate end in sight. Uncertain of what Russia will do next, is keeping many still on edge. Lastly, China has entered into new lockdown measures to fight the spread of newer COVID-19 variants. There are fears that this will again continue to hurt the supply chain of many goods travelling overseas.

Despite the recent selloff this past week due to these concerns, they do appear to be short term in nature, and with first quarter earnings reports coming in, we could see the market rebound on favourable news.

Brad Wilson

 

Josh Brown
So, who is Josh Brown and what is his relationship with KLT Wealth?

Josh was born and raised in Cambridge, but now lives in Toronto with his wife and two young boys. When KLT Wealth Management partnered with Quintessence Wealth (Q Wealth), Josh was brought on as our Portfolio Manager.Josh is involved in the initial client discussions because the role of a Portfolio Manager is to clearly understand the needs of the clients in order to position the investments appropriately. He is required to be notified and involved in any changes to client situations and to make suitability determinations when there are trades required on client accounts.

His role involves developing and managing portfolio models and their asset allocations for clients with different risk profiles ranging from Defensive to Growth.

Josh and the research team at Q Wealth quickly narrow the investments to focus on best in category.

Q Wealth is a registered Portfolio Management firm with the Ontario Securities Commission and is required to have a registered Portfolio Manager work directly with clients to collect Know Your Client (KYC) information, construct portfolios, and determine investment suitability.

Financial Planning
Do you spend more time planning your vacation then planning your financial future?

Personal financial planning focuses on you as an individual and combines all the financial and psychological factors that impact your life.A well-designed financial plan will help you reach your financial goals and objectives and give you a greater sense of security.
  1. Clarify your present situation by collecting and assessing all relevant financial data – assets and liabilities, tax returns, records of securities transactions, insurance policies, wills and pension plans.
  2. Identify financial and personal goals and objectives, and also to clarify your financial and personal values and attitudes.
  3. Identify financial problems that can create barriers to your financial independence.
  4. Provides you with written recommendations and alternative solutions. These should be structured to meet your needs without undue emphasis on purchasing specific products.
  5. Assists you to implement the right strategy to ensure that you reach your goals and objectives.
  6. Provides a review and revisions of your plan to ensure that you achieve your goals whether it be five, ten, or twenty years.

 

Things to Ponder

Like a parent, a financial advisor encourages you to start planning as soon as you can.

Like a mentor, a financial advisor helps you set measurable goals.

Like an experienced coach, a financial advisor gives professional advice based on your needs.

 

Monthly Recipe:

Mother’s Day Brunch: Spinach Quiche

Ingredients: 
1 ready-made pie crust (I use Pillsbury)
3 tablespoons butter
1 small onion, chopped
1 cup frozen chopped spinach, thawed & drained 6 eggs
1 cup milk
2 cups shredded cheddar cheese (or any cheese of your choice) salt & pepper
Directions: 
  • Pre-heat oven to 375 degrees.
  • Press pie crust into 9″ pie pan.
  • Pre-bake pie crust for about 10 minutes. Set aside.
    Sautee onion & spinach in butter until onion is soft – add salt & pepper to taste – set aside. • In medium mixing bowl – whisk together the eggs & milk.
  • Spread shredded cheese in bottom of pie crust.
  • Spread spinach mixture over cheese in pie crust.
    Pour egg/milk custard over spinach mixture & cheese.
  • Bake at 375 degrees for 40 minutes. If crust starts to get too brown – cover edges with foil. • Slice & serve.
This is the basic recipe, but you could add:
Broccoli, mushrooms, bacon etc.

 

New Hamburg
Mennonite Relief Sale

May 27-28th

RUN FOR RELIEF
275 Jacob St, New Hamburg, ON

 

Once again, KLT is proud to sponsor the Run for Relief

For the third year, the NHMRS Run for Relief will be a distributed event.

Last year, you rose to the challenge and raised a record amount through Run for Relief for MCC. We had runners, walkers, bikers, bird watchers, and more … each doing their own activities and raising money in support of Mennonite Central Committee as they offer relief to the world’s most vulnerable people at this critical time.

So this year we’re again asking you to Run it Your Way … however you choose to participate, you can set up a fundraising page and have donors support your efforts.

New this year, all participants are invited to gather on Saturday morning at the New Hamburg Relief Sale at 9:00 AM to celebrate everyone’s participation, pick up your Run for Relief hat, and walk a “Victory Lap” together around the Fairgrounds!

Come visit us at the tent on-site on Saturday Morning.
Maybe even join us for a lap around the track.

Happy Mother’s Day

To all the moms, grandmoms, foster moms, stepmoms, surrogate moms, mother figures, moms-to-be, and to all the men out there that are doing the mother and father jobs too. I hope everyone has a wonderful day!

Copyright © {{Current_Year}}, All rights reserved.

Our mailing address is:
148 Peel Street Unit 1B, New Hamburg, ON N3A 1E3

KLT Wealth Management is a partner division of Quintessence Wealth. Portfolio Management services are provided by Quintessence Wealth. Services such as financial planning, estate and retirement planning, are provided by KLT Wealth Management.KLT Wealth Management and Q Wealth are trade names of Quintessence Wealth, a registered Portfolio Manager in Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island, Quebec, and Saskatchewan, an Investment Fund Manager in Newfoundland and Labrador, Ontario, and Quebec, and an Exempt Market Dealer in Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Quebec, and Saskatchewan. The Ontario Securities Commission (OSC) is the principal regulator for Quintessence Wealth.

*Note: NO Personal Data is collected or recorded during calculator usage.

These calculators are for illustrative purposes only and should not be relied upon, as an accurate indication of your financial needs. As each individual’s situation is different and changes over time, the results are limited by the accuracy of the assumptions you make in providing the information used in the calculations. We do not guarantee that these calculators are reliable, accurate or complete or that they will be compatible with your computer.

The rate of return or mathematical table shown is used only to illustrate the effects of the compound growth rate and is not intended to reflect future values of the mutual fund or asset allocation service or returns on investment in the mutual fund or from the use of the asset allocation service.

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We Build Relationships on Trust
Market Watch

In the last month, the rumored Russian invasion of Ukraine did in fact take place. Our thoughts go out to everyone who has been affected by this and especially everyone living in Ukraine. As of this update on March 17th, Russia is still at war in Ukraine. In recent weeks, many NATO countries have taken significant action with various sanctions which has significantly hindered the Russian economy. It is unsure of when this will end, and ultimately what the result will be, but Russia is feeling the pressure. There have been talks between Russian and Ukraine on coming to a peace agreement, but it is too early to tell if any progress has been made.

On the popular topic of interest rates, we have seen both the US and Canadian central banks raise rates for the first time since they dropped rates at the start of the pandemic. This is most likely the first of multiple rate hikes this year, and we could even see a jump of 0.5% at the next central bank meeting. Immediately we saw an impact in mortgage and lending rates, and as we progress throughout the year, we will see how much of an impact this will have on company valuations and the housing market.

Brad Wilson

 

Tax Season!

At its core, tax planning is the process of organizing your finances in such a way to take advantage of the many rules that allow you to maximize the amount of income you keep each year or defer into the future.While the process is essentially the same for any taxpayer, it may entail different types of tax strategies depending on your particular financial situation.

Strategies for deferring or splitting income, deferring or maximizing retirement contributions, capital gains or losses, property ownership, charitable giving are applied differently in each situation, so they must be developed specific to your needs.

Seek the guidance of a KLT financial professional with experience in income and investment planning strategies to help you minimize your personal income taxes.

Taxes are Due April 30th!

Tax Season Playlist!

 

• Money, Money, Money – ABBA
• Money – That’s What I want” – Barrett Strong
• Money Changes Everything – Cindy Lauper
• She Works Hard for the Money – Donna Summer
• Takin’ Care of Business – Bachman-Turner Overdrive
• Tax Man – The Beatles
• I Will Survive – Gloria Gaynor

 

Monthly Recipe:

Italian Easter Bread

Ingredients: 
1 1⁄4 cups milk
1⁄3 cup unsalted butter, cut into small cubes
2 1⁄4 teaspoons rapid rise instant yeast, 1 package
1⁄8 teaspoon kosher salt
1⁄2 cup granulated sugar
2 large eggs, beaten
4 cups all-purpose flour, divided, plus more for kneading 1 large egg, beaten plus 1 teaspoon water
3 dyed easter eggs, raw or hard boiled (optional)
colored sprinkles (optional)
Instructions: 
  • In a small saucepan, add milk and butter. Stirring until the butter melts.
  • In a large mixing bowl, combine yeast, salt, and sugar. Add the eggs and whisk together. Add the warmed milk and butter mixture. Add 2 cups of flour.
  • Attach a dough hook to a stand mixer and combine on medium speed until smooth, about 2 minutes. Scrape the sides with a spatula as needed to incorporate the flour.
  • Slowly add the remaining 2 cups of flour to the mixer on medium-low speed and scrape the sides as needed. Knead until the dough is stiff and slightly sticky, about 12 minutes.
  • Place the dough on a lightly floured board and hand knead for about 3 to 4 minutes, adding a little more flour to prevent sticking. Do not use more than 1⁄4 cup of flour.
  • Shape dough into a ball, cover with a dish towel and allow to rest for 10 minutes.
  • Divide into 6 pieces. Roll each piece to form a 1-inch wide rope, about 14-inches long.
  • Taking 2 pieces, braid the rope, pinching the ends together and then loop into a circle. Make sure the ends are securely joined together.
  • Place on a parchment-lined baking sheet (2 per sheet), providing enough room to rise.
  • Loosely cover the baking sheet with plastic wrap or a dish towel and allow to rise in a warm area, until it doubles in size, 45 to 60 minutes.
  • Preheat the oven to 350°F (177oC). Set the rack in the middle position.
  • Whisk together the large egg and 1 teaspoon water. Brush each braided bread with the egg wash.
  • If desired, top the bread with sprinkles.
  • Gently place one dyed egg in the center of each braided ring. Do not press into the dough, it will sink as it bakes.
  • Bake one tray at a time until golden brown, approximately 15 to 18 minutes.
  • Quickly transfer the baked bread to a cooling rack.
The recipe makes 3 Easter bread rings.
Six smaller rings can be made, adjust baking time accordingly.
Raw or hardboiled and dyed eggs can be used. Raw eggs will be softboiled after baking.

 

Have a Happy Easter!

 

May this Easter have many sweets in your life … The sweet smile of those who love you, the sweet joy of having bread on your table and the sweet hope of a future of peace and prosperity.

“Easter is the only time when it’s perfectly safe to put all of your eggs in one basket.”
– Evan Esar

Copyright © {{Current_Year}}, All rights reserved.

Our mailing address is:
148 Peel Street Unit 1B, New Hamburg, ON N3A 1E3

KLT Wealth Management is a partner division of Quintessence Wealth. Portfolio Management services are provided by Quintessence Wealth. Services such as financial planning, estate and retirement planning, are provided by KLT Wealth Management.KLT Wealth Management and Q Wealth are trade names of Quintessence Wealth, a registered Portfolio Manager in Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island, Quebec, and Saskatchewan, an Investment Fund Manager in Newfoundland and Labrador, Ontario, and Quebec, and an Exempt Market Dealer in Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Quebec, and Saskatchewan. The Ontario Securities Commission (OSC) is the principal regulator for Quintessence Wealth.

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RELATIONSHIPS BUILT ON TRUST
Market Watch

We saw the markets test some lows for 2022 towards the end of January. While we saw a slight rebound to close out the month, many of the market indexes closed out down in January between 5-9%. We saw a further bounce back in the first 10 days of February, but have since seen a lot more volatility and even pressures of retesting the January lows.

Interest rates and inflation continue to be a hot issue. While we saw the central banks hold interest rates at the end of January, they signaled that multiple rate hikes are not too far away, and many are speculating that the first hike could come as soon as March 2nd.

Lots of news and concern surrounding the potential Russian invasion of Ukraine and fears of war has had an impact on the markets. If the concerns surrounding this conflict continues or the situation escalates, we could see the markets break through and test new lows. This will likely continue to be a sensitive issue triggering short term volatility.

Brad Wilson

 

Time to gear up for Tax Season!

Taxes are a fact of life! Whether it’s due to earning an income, making a purchase, owning real estate, investing, running a business, or transferring your estate, life is full of tax implications.While the Income Tax Act was created specifically to ensure that everyone pays their fair share it also affords all taxpayers the right to organize their financial affairs in such a way to minimize their taxes whenever and however possible within the legal confines of the Act.

And that is the primary objective of tax planning…

Seek the guidance of a financial professional with experience in income and investment planning strategies for minimizing personal income taxes.

The KLT Team are here to provide you that personal guidance.

“A person doesn’t know how much he has to be thankful for, until he has to pay taxes on it”
Ann Landers

Tax Season Humour!

 

Why did the accountant cross the road?

So he could claim it on his travel expenses!

 

Monthly Recipe:

Cowboy Chili

Ingredients: 
•  3/4 lb Ground beef, lean
•  2 cloves Garlic
•  1 tsp Oregano, dried
•  1 (15-ounce) can Pinto beans
•  1 (15-oz) can Tomatoes, stewed
•  1 Yellow onion, medium
•  1 cup Beef broth
•  1/8 tsp Cayenne pepper
•  2 tbsp Chili powder
•  1/2 tsp Salt
•  1 tsp Cumin, ground (if, desired)
Instructions: 
1. Cook the ground beef, garlic, and onion in a large saucepan over medium heat. Stir for 10 minutes, or until beef is browned. Spoon out the liquid
2. Stir in the tomatoes, broth, chili powder, oregano, cayenne pepper, and cumin
3. Reduce the heat to low and cover the saucepan. Let the chili simmer for an hour, stirring occasionally
4. Add in the beans and salt. Stir, and simmer for another 20 minutes. Serve in bowls. Enjoy!

The above is a basic recipe,
but you could try any of these tips:
 

• Add more Cayenne, if you like your chili spicier – or some jalapeno peppers – remember, you can always add, but you can’t take away!
• It doesn’t have to be ground beef.  You can use – ground turkey, chicken, Italian Sausage, or Chorizo
• To make it hardier you could add vegetables like – carrots, corn, mushrooms, etc.
• The recipe says pinto beans, but you could also use kidney, or black beans or a combination. Just make sure to rinse and drain them well first
• You could add beer as a flavour enhancer!
• You can make it thinner by adding more liquids or thicker by taking the lid off and letting the liquid naturally evaporate
• Then Dress it up – Chili isn’t complete without sour cream, cheese, and chips!

 

Coldest Night of the Year

 

KLT Wealth Management was proud, once again, to support the Coldest Night of the Year Fundraiser which took place on February 26th.Together, we helped contribute to the $33,000 raised in donations for our local Wilmot Family Resource Centre. And nationwide, this event raised $11 Million Dollars for charity partners who serve and support vulnerable families and individuals.

Thank you for everyone’s support.

Copyright © {{Current_Year}}, All rights reserved.

Our mailing address is:
148 Peel Street Unit 1B, New Hamburg, ON N3A 1E3

KLT Wealth Management is a partner division of Quintessence Wealth. Portfolio Management services are provided by Quintessence Wealth. Services such as financial planning, estate and retirement planning, are provided by KLT Wealth Management.KLT Wealth Management and Q Wealth are trade names of Quintessence Wealth, a registered Portfolio Manager in Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island, Quebec, and Saskatchewan, an Investment Fund Manager in Newfoundland and Labrador, Ontario, and Quebec, and an Exempt Market Dealer in Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Quebec, and Saskatchewan. The Ontario Securities Commission (OSC) is the principal regulator for Quintessence Wealth.

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A New Partner – A New Look

We are excited to announce that in November we entered into a new partnership with Quintessence Wealth!

Q Wealth is a firm designed exclusively for well established and client-centric advisors like us.

We can offer:

• Exclusive access to a wider range of investments
• Lower Management Fees
• Leading-Edge Client Experience
Thank you for your support during this transition.

 

Market Watch

While we welcomed the New Year, we have also seen the return of volatility in the markets. Further concerns about inflation have spooked the markets downward. The markets are counting on the central banks to begin raising interest rates as soon as the week of January 24th. The concern about interest rates is hurting valuations of many beloved growth companies (especially in the technology sector).In addition to a maturity of option contracts, more selling takes place to cover these positions, therefore, causing the overall year-to-date to be in the negative territory. We often see an oversold scenario in these situations and typically an upward bounce back follows. This will depend upon the upcoming earnings reported from many of these growth companies.

Laugh & Be Happy


I’m normally not one to brag about my financial skills but my credit card company calls me almost every day to inform me my balance is outstanding!

Monthly Recipe:

Butternut Squash Soup

Ingredients: 
• 1 tbsp of olive oil
• 1 medium onion, diced
• 3 cloves garlic, minced
• 3/4 tsp grated fresh ginger
• 1/4 tsp white pepper
• 1 medium butternut squash, peeled and cut into 1inch cubes
• 4 cups vegetable or chicken stock
• 3/4 cup coconut milk or half and halfInstructions: 
1. Heat a large pot over medium heat. Add olive oil
2. Add the onion, garlic, ginger, salt & pepper, and thyme, and sauté until the onion is soft and transparent
3. Add the cubed butternut squash and toss in the onion mixture
4. Add the stock and stir to combine
5. Add the lid to the pot and bring to a boil over medium high heat
6. Once the soup reaches boil. Turn the heat down to medium
7. Puree with a hand-held immersion blender
8. Remove the soup from the heat and add coconut milk
9. Serve

 

Coldest Night of the Year

KLT Wealth Management is proud once again to support the Coldest Night of the Year Fundraiser. Together, we’re collecting donations that fund critical services at a local charity partner who serves and supports vulnerable families and individuals in our CNOY community.Each step we take brings someone closer to safety, health and home, as together, we raise funds for organizations whose commitment and work transforms peoples’ lives. Click here to help Support the Cause.

Copyright © {{Current_Year}}, All rights reserved.

Our mailing address is:
148 Peel Street Unit 1B, New Hamburg, ON N3A 1E3

KLT Wealth Management is a partner division of Quintessence Wealth. Portfolio Management services are provided by Quintessence Wealth. Services such as financial planning, estate and retirement planning, are provided by KLT Wealth Management.KLT Wealth Management and Q Wealth are trade names of Quintessence Wealth, a registered Portfolio Manager in Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island, Quebec, and Saskatchewan, an Investment Fund Manager in Newfoundland and Labrador, Ontario, and Quebec, and an Exempt Market Dealer in Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Quebec, and Saskatchewan. The Ontario Securities Commission (OSC) is the principal regulator for Quintessence Wealth.

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