Page 30 - Sports Energy News, Cornwall, Issue No 142

30 Issue #142 November 2024 www.sportsenergynews.com

Neighbourly Advice From Our Local Professionals
Neighbourly Advice Fr om Our Local Pr ofessionals

on your daily life, especially if you’re clear the path for lower mortgages rates,
By Brian Johnston
Mortgage Specialist renewing a mortgage or plan to buy a while rising yields put upward pressure
home. If you want clues as to where on mortgages.
WHAT IS THE OUTLOOK FOR mortgage rates are going, check what’s The reason for this uncertainty about
MORTGAGE RATES? happening with bonds. rates is that inflation, particularly in the
Possibly the most eye-glazing two- What bonds are telling us right now is that United States, has yet to back down to the
word phrase in personal finance is ‘bond financial markets are as confused about level preferred by central bankers. The
market.’ inflation and the path ahead for interest stickiness of inflation raises the question
People are fascinated by the stock market, rates as everyone else. The interest rate of whether the cost of living in the mid-
which is definitely more dramatic. But on bonds – the yield – has been up and 2020’s is going to rise more than in the
the bond market has more of an influence down a lot in the past year. Falling yields Continued on page 31

build a home on the property you intend to find out if the area has good wells.
By Michael VanderMeer
Real Estate Agent to buy and see if there are any building More apparent would be what services
restrictions as to what size of home, and
are available. There may be additional
what kind of setbacks for building your
BUYING A BUILDING LOT - costs to hooking up to water or sewer if it
home. If you buy a treed lot, then you want is available. If there is no available power
WHAT TO CONSIDER BEFORE to determine how many trees will have to in front of your lot, it could get expensive
YOU BUY removed and at what cost. If buying a lot to bring the power to your lot. There
First and foremost, you want to check with without municipal services, you want to are also the little things such as phone,
the municipality to make sure you can make sure a septic can be installed and try Continued on page 31

Max Ming P.Eng. CFP ® Looking at history, the answer is – not the long-term, election results should
Financial Planner as much as you may think. have very little effect on a diversified
ELECTIONS AND THE STOCK It is important to remember that the portfolio.
MARKET financial markets start pricing in Markets have trended higher regardless
information as soon as it is available. of which party wins the election.
As our neighbours to the south go to
What this means is that the most Historically speaking, elections have
the polls, we thought that it would be
likely outcome of an upcoming event made almost no difference when it
timely to look at the impact that U.S.
is already anticipated and accounted comes to long-term investment returns.
elections have had on your investments,
for in the market. This also means Since 1933, there have been eight
and financial markets as a whole. Every four years, investors that the financial markets have priced Democratic and seven Republican
inevitably focus on the possible outcomes of the election in election outcomes and are already presidents, and the general direction of
and what that might mean for their portfolio. Of course, looking further to the future. This isn’t the market has always been up. What
presidential elections influence the direction of public policy, to say that there won’t be increased should matter more to investors than
but how much do they really impact your investments? volatility in the short term, but over Continued on page 31

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