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Hello Athletes, Agents, Parents, Trainers, & others,
With November in the rearview and the season in full gear, it’s all about staying healthy as you push through the final stretch before the Christmas break. Now is the time to focus on maintaining your performance while taking care of your body and mind. And when the holiday downtime arrives, why not use it to set yourself up for success off the ice? We love getting an update from our guys during your break, so reach out —let’s talk about how to strengthen your financial game while you have time to focus on your future.
In this Issue:
- Pens pick up Picks!
- Max Graham – What Can’t This Guy Do?!
- Carter Bear Shining Through
- VP S&E WHL/OHL Sponsorship
- Financial Literacy in the WHL
- NFL Quarterback Sues Father’s Investment Firm
- Trump Presidency – Market Reactions
- Canadian Banks Due for a Boost?
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Source: Chaz Palla | TRIBLIVE | |
Owen Pickering
Manitoba kid fulfills dream of playing in the NHL – I get goosebumps when I write that. We couldn’t be more excited to see Owen getting called up to the Penguins, such an incredible accomplishment for the 20 year old who remains with the team and expects to be back in the line-up following a few games missed due to the flu.
Keep Turning Heads Picks, We’re Pulling for You !
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Max Graham
Kelowna Rockets captain Max Graham is having a stellar start to the season collecting just over a point per game so far and at 6’3″, 207 lbs providing some muscle for the Rocket’s finesse forwards to shine. The Whitehorse, Yukon born player also has an interesting passion not many others have the courage to try… flying HELICOPTERS! That’s right, when Max isn’t knocking players to the ground, in the off-season he’s in the sky, taking after his father John who owns/operates Graham Helicopters. The New Jersey Devil’s 5th round draft pick is such an incredible young man with a bright future ahead.
Keep up the tenacious play Max, your leadership never goes unnoticed !
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We had the pleasure of travelling out to London & Oshawa for the CHL Top Prospects Series vs. the US National Development team. Unfortunately Carter was forced to miss Game 1 due to a flu bug, but he made his presence known in Game 2. Carter is having an incredible season with the WHL’s number two ranked team the Everett Silvertips as the WHL’s 3rd spot for points so far this season. Did we mention he’s a good old Manitoba kid as well?! Must be something in the water…
Keep the Jets Firing on all Cylinders Carter !
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VP Sports & Entertainment Signs Sponsorship Deals with WHL & OHL
We are excited to announce that we have inked sponsorship deals with two of the best amateur hockey leagues in the world – further providing players with more resources to hone their hockey skills and develop as young men.
Keep an eye out for the VP S&E logo on some rink boards around the leagues soon!
Join VP Sports & Entertainment on Socials via the links below !
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Financial Literacy in the WHL
We have been hitting the road, most recently down to Portland for a visit with the Winterhawks and Calgary Hitmen to host some financial literacy sessions for the players and coaches. Our goal is to ensure EVERYONE has access to education; we believe financial literacy is a core component along the path to success regardless of where hockey takes you, these fundamental lessons apply to anyone who wants to create more time and opportunity in their lives.
Players Feedback:
“Lots of detailed information and facts which were helpful and things I didn’t know or understand prior to the presentation”
“I liked learning about how the money doubles. Investing money seems like a big thing and you have to know what you are investing into, which most people don’t”
“Great presentation. Really eye-opening and entertaining with great examples”
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Family Finances in Turmoil: NFL Star Baker Mayfield Sues Father’s Firm Over Missing Millions | |
Tampa Bay Buccaneers quarterback Baker Mayfield and his wife, Emily, are suing his father’s company, Camwood Capital Management Group, alleging unauthorized transfers of over $12 million from their accounts between 2018 and 2021. | |
Market Reactions
Former President Donald Trump won a decisive victory over Vice President Kamala Harris by a margin even his own campaign was surprised by. Markets surged on the news of the Trump win and Republicans taking back the senate. A Trump presidency likely means further deregulation, as well as the extension (and possible expansion) of the expiring corporate tax cuts that his administration implemented in 2017. This would likely provide a boost to equities. The real wild card is Trump’s promise to impose heavy tariffs to strengthen domestic industries and deter unwanted foreign competition. Most economists warn that tariffs, paid for by U.S. importers, could refuel inflation by raising costs for American businesses and increasing prices on American consumers. The surge in the markets immediately following the election implies that, at least for now, investors believe the positives are outweighing the negatives in the equity market.
Investors tend to overreact to elections, but the best businesses have the ability to adapt their business model as things change. It is also important to remember that nothing happens quickly in government, and systematic changes take time to implement. The businesses in our portfolio’s have continued to grow through many different presidencies and economic scenarios, and this is no different. Rest assured, our Portfolio Managers and their team of analysts will be ready to make changes to the portfolio should the shifting economic landscape adversely affect any of our businesses.
Key Words Explained:
Tariff’s – A tariff is a tax that a government places on goods imported into the country, making these foreign products more expensive to encourage people to buy domestic goods instead.
Inflation – Inflation is the gradual increase in the prices of goods and services over time, which reduces the purchasing power of money, meaning that each unit of currency buys fewer goods and services than before.
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It’s been an eventful few months for the Canadian Banking sector, with multiple banks making headlines recently. First, National Bank announced its intention to acquire Canadian Western Bank (CWB) for $5 Billion. This is great news for CWB shareholders, but also benefits the banking sector overall, because when a deal like this occurs, it effectively sets a valuation for all other banks in the sector.
Kind of like when your neighbor sells their home for a value much higher than what you paid, if your home has similar characteristics in size, year, rooms, etc. it brings up your value.
For example, if we take the valuation National Bank is willing to pay for CWB, we can then apply it to the other banks we own to get a better assessment of what they are truly worth. In the slide below, we’ve done exactly that. The blue bars represent the current valuation of the banks, with the dotted green line representing the additional value if we are to use the valuation in the National Bank/CWB deal.
| Note: Based on Canadian Western Bank offer valuation June 12, 2024 relative to current bank holdings as of date shown in $CA. Source: Company investor relations, S&P Capital IQ. Value Partners Investments | When comparing this to the CWB valuation, we can see that Royal Bank is getting close to a point where they are fairly valued on a precedent transaction basis. This is because the business has been doing well from a share price perspective with Royal Bank up 22% since the start of the year. Therefore, we have been trimming this position, locking in gains, reducing risk, and raising cash to add to other exciting opportunities. | |
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We know you have a lot of “dumb” questions because we have them too… this is your opportunity to ask them in a non-judgmental space, (always strictly confidential).
Financial stress does not allow you to achieve your full potential, we are here to help. Book a time below & let’s chat.
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