May 2019 eUpdate - When investors look at their account statements they want to know if their investments have gained or lost money. While that seems like a pretty common thing to do, what's common is the mistake of comparing the book value and the market value of their portfolio to calculate their gain or loss. Read more..
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Smith Falconer Financial Group

June 2019 eUpdate

8th Annual Smith Falconer Financial Group Summer Reads!

The right book will transport a reader on an adventure, create deeper understanding or inspire. Each year our team shares a special book that achieved this for us. Feel free to reach out to any of us with questions about our book selection or share comments on your favorite summer read.

Team Selection: Shoe Dog – A Memoir by the Creator of NIKE, Phil Knight

Calculating Investment Performance This title was given out at a recent event. It was so well received we thought it should be shared. This is a compelling story behind one of the world’s most iconic brands, best known by its ubiquitous “swoosh,” recognized the world over. Borrowing $50 from his father, Phil Knight imported high-quality, low-cost athletic footwear from Japan, which he sold from the trunk of his car. In year one, this budding entrepreneur grossed $8,000 in sales. Largely unknown, he collaborated with his brother, early employees and a rag-tag group of misfits, took serious risk and encountered near cataclysmic setbacks to create a global brand with more than $30-billion of annual sales today. Well written and engaging, this is a must read for business enthusiasts, brand loyalists and those who enjoy biographies.

Lois recommends “Mrs. Palfrey at the Claremont” by Elizabeth Taylor

Calculating Investment Performance This is a charming, sharp and witty story that makes for a great summer reading recommendation. The recently widowed Mrs. Palfrey arrives at The Claremont Hotel where she will spend her remaining days. Her co-residents are a collection of eccentric and curious elders who work together to fight boredom and their inevitable fate. Mrs. Burton has a few too many drinks, Mrs. Post always knows what’s going on and Mrs. Arbuthnot isn’t afraid to share her opinions on just about anything. This is an end of life tale that is at once uncomfortable and real. It reveals the value of friendship, however strange, at any point in life. It is beautifully constructed; character development is brilliant. A thoughtful story about ageing, loneliness and the importance of community; you will enjoy Mrs. Palfrey and her pals.

Originally published in 1971, it was Elizabeth Taylor’s 11th novel. She excels in conveying everyday life with humor and poignancy.

Still have questions? We look forward to clarifying your performance during your scheduled review, or sooner if it would be helpful.

Very best regards,

CIBC Wood Gundy


Smith Falconer Financial Group

CIBC Private Wealth Management consists of services provided by CIBC and certain of its subsidiaries, including CIBC Wood Gundy, a division of CIBC World Markets Inc. "CIBC Private Wealth Management" is a registered trademark of CIBC, used under license. "Wood Gundy" is a registered trademark of CIBC World Markets Inc.

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