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WEDNESDAY, March 27, 2019
www.kamloopsthisweek.com
BUSINESS
Saje slated to open store in Aberdeen Mall KAMLOOPS THIS WEEK
WHAT’S GOING INTO THE OLD SEARS LOCATION?
Aberdeen Mall will soon welcome the sweet scents of Saje Natural Wellness. The Canadian-owned and operated company, which focuses on essential oils and natural remedies, will open in the coming months in the space formerly occupied by the Metalsmiths Sterling Jewelry in the lower level of the mall. “Construction is going on right now,” Aberdeen Mall general manager Sandra Neufeld said. “It’ll be in the coming months.”
Do you know what stores are going to be in the old Sears location in Aberdeen Mall? Let us know by emailing tips@kamloopsthisweek.com. If you give KTW a tip, we won’t use your name without your permission.
Saje has stores in the Lower Mainland and Kelowna. Neufeld said chains that typically enter a local market with a population of about 100,000 are coming to Kamloops as a result of population growth, demand from outlying communities and sophisticated loyalty programs that track from where customers are purchasing items.
Saje, for example, knows which customers are travelling to Kelowna to pick up a bottle of Liquid Sunshine or Peppermint Halo. “It’s good news for us,” Neufeld said. “Technology is working to our advantage.” Metalsmiths vacated the mall in February. Neufeld said it closed because its lease was up.
Neufeld said other stores that have recently opened in Aberdeen Mall, including Lululemon and Sephora, are doing well. “They’re really happy with how they’re performing,” she said. Meanwhile, there is no official word on which stores will occupy the former Sears space at the mall. KTW has heard the 120,000-square-foot, two-storey space could be occupied by multiple tenants, possibly including Marshalls, Old Navy, H&M, GoodLife Fitness and a grocery store.
RIH tower project earns international honour KAMLOOPS THIS WEEK
The Royal Inland Hospital patient-care tower project has been named the 2018 North American Social Infrastructure Deal of the Year at an awards ceremony earlier this month in New York City. EllisDon is building the $417-million addition to the hospital on Columbia Street. In a press release, EllisDon
vice-president Ben Deeley said: “I’m extremely proud of the EllisDon team that worked so hard to ensure our success on the Royal Inland Hospital patientcare tower project and this award is further acknowledgement of that effort.” The award was handed out during the Infrastructure Journal Global Awards, which honour project agreements that have closed in the previous year in the
international infrastructure and energy sectors. The award selection process includes working rigorously with industry experts to find the best delivered deals, explains the release. The RIH patient-care tower project follows the $70-million clinical-services building and parkade facility that came in $10 million under budget. The remaining funds will be used in
the patient-care tower project, a two-phased endeavour that was approved in July 2015. Phase one includes the construction of a new tower with two levels of underground parking and is expected to be completed by spring 2022. Phase two includes renovations to the existing hospital building and is expected to begin in 2022 and be completed by 2024.
Local CHBA group wins provincial award for engagement KAMLOOPS THIS WEEK
The Central Interior chapter of the Canadian Home Builders’ Association has won the Membership Engagement Award, as chosen by the provincial homebuilders’ association. The award recognizes the activities, programs and membership value in the local association. “We are a strong association because of our membership,” said CHBA-CI president Kelly Reid. “Increasing membership value in all that we do is our number one goal, whether that is through our monthly dinner meetings, education and training, or increased advocacy with all levels of government.” The award was handed out earlier this month at a ceremony in Vancouver.
Our Investment Philosophy & 10 Core Beliefs As a parent, I believe we want to instill certain virtues and values into our children. We have two daughters, aged seven and five, and some of the things we hope they learn are: the value of a dollar, confidence to know right from wrong, a firm handshake, etc. Often, life pulls us in many directions causing us to lose focus. I believe the world of investing can be similar. Frequently the media creates so much excitement and noise that even the most seasoned investors can get spun around. As such, it is quite useful to come back to your foundation and your beliefs. A few years back, Keith and I attended a workshop that pushed us to put our investment beliefs in writing and back them up with academic evidence. We strive to build client portfolios aligned to their short and long-term goals with an emphasis on preserving capital. At the same time, we try to balance four competing forces: return, risk, cost and taxes. In addition, we try to minimize investor emotion by building portfolios to help provide consistent returns with lower volatility. The attached table is a brief introduction of our 10 core beliefs and will highlight these in future articles.
Until next time...Invest Well. Live Well.
Eric Davis
Vice President & Portfolio Manager eric.davis@td.com 250-314-5120
Keith Davis Investment Advisor keith.davis@td.com 250-314-5124
1
Asset Mix
A key to a client's long-term financial success is a custom well-diversified portfolio between equities and income.
2
Diversification
Because the top performing investment changes every year, it helps to employ several strategies- we use seven tactics to help reduce risk.
3
Reduce Emotion
Throughout history, many investors have sold at the worst time resulting in poor returns. Studies show lower volatile strategies can outperform long-term and help minimize behavioural risk.
4
Income Bias
Interest and dividends typically make up a significant portion of your total returns and when reinvested helps create a compounding effect. Studies show that dividend payers & growers can outperform and keep ahead of inflation.
5
Valuations
Avoiding high priced investments can limit downside and help improve returns over time.
6
Alternatives
Non-traditional strategies use tools that can help generate positive returns in both up & down markets.
7
Active & Passive Management
Historically, very few managers beat the markets or their respective benchmarks. A way to help outperform is to use managers with a high "active share" which typically have a concentrated portfolio that looks different than the index.
8
Costs
Returns can improve by being conscientious of all fees. This includes reducing taxes.
9
Rebalancing
Systematically trimming when an investment is up and adding when others are down, helps improve risk-return.
10
Financial Advice
Some studies have shown that clients can achieve an additional 3% per year working with a trusted professional Financial Advisor.
TD Wealth Private Investment Advice
daviswealth.ca
This document was prepared by Eric Davis, Vice President, Portfolio Manager and Investment Advisor, and Keith Davis, Investment Advisor, for informational purposes only and is subject to change. The contents of this document are not endorsed by TD Wealth Private Investment Advice, a division of TD Waterhouse Canada Inc. which is a subsidiary of The Toronto-Dominion Bank. For more information: 250-314-5124 or Keith.davis@td.com. Published March 27, 2019.