Performance figures for each account are calculated using time weighted rate of returns on a daily basis. The Composite returns are calculated based on the asset-weighted monthly composite constituents based on beginning of month asset mix and include the reinvestment of all earnings as of the payment date. Composite returns are as follows:

A Tale of Two Cities

A Tale of Two Cities, by John Nicola

We have just finished a tumultuous and challenging 2021 which provided good results financially for many investors while being a significant drain emotionally and psychologically as the Fourth Covid wave became a part of our existence.

In the latest edition of our COMPASS newsletter, CEO & Chairman John Nicola weighs the negatives and the positives of the past year, describes the current investment and economic environment as we see it and then reviews how we feel it will impact major asset classes into 2022.

This material contains the current opinions of the author and such opinions are subject to change without notice. This material is distributed for informational purposes only. Forecasts, estimates, and certain information contained herein are based upon proprietary research and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Nicola Wealth is registered as a Portfolio Manager, Exempt Market Dealer and Investment Fund Manager with the required provincial securities commissions. All investments contain risk and may gain or lose value. Please speak to your Nicola Wealth advisor for advice based on your unique circumstances. This summary contains forward-looking information and actual results may vary materially in respect of the investment described in this summary.  This summary is not an offering document or an offering of securities in any jurisdiction.