{"id":11720,"date":"2024-11-13T08:00:30","date_gmt":"2024-11-13T08:00:30","guid":{"rendered":"https:\/\/elcicgsi.ca\/?p=11720"},"modified":"2025-02-04T16:11:04","modified_gmt":"2025-02-04T16:11:04","slug":"november-2024-pension","status":"publish","type":"post","link":"https:\/\/dev.elcicgsi.ca\/?p=11720","title":{"rendered":"November 2024 Pension"},"content":{"rendered":"[vc_row type=&#8221;in_container&#8221; full_screen_row_position=&#8221;middle&#8221; column_margin=&#8221;default&#8221; column_direction=&#8221;default&#8221; column_direction_tablet=&#8221;default&#8221; column_direction_phone=&#8221;default&#8221; scene_position=&#8221;center&#8221; top_padding=&#8221;0&#8243; bottom_padding=&#8221;0&#8243; top_margin=&#8221;0&#8243; bottom_margin=&#8221;0&#8243; text_color=&#8221;dark&#8221; text_align=&#8221;left&#8221; row_border_radius=&#8221;none&#8221; row_border_radius_applies=&#8221;bg&#8221; overflow=&#8221;visible&#8221; class=&#8221;enews&#8221; advanced_gradient_angle=&#8221;0&#8243; overlay_strength=&#8221;0.3&#8243; gradient_direction=&#8221;left_to_right&#8221; shape_divider_position=&#8221;bottom&#8221; bg_image_animation=&#8221;none&#8221; gradient_type=&#8221;default&#8221; shape_type=&#8221;&#8221;][vc_column column_padding=&#8221;no-extra-padding&#8221; column_padding_tablet=&#8221;inherit&#8221; column_padding_phone=&#8221;inherit&#8221; column_padding_position=&#8221;all&#8221; column_element_direction_desktop=&#8221;default&#8221; column_element_spacing=&#8221;default&#8221; desktop_text_alignment=&#8221;default&#8221; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_backdrop_filter=&#8221;none&#8221; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; column_link_target=&#8221;_self&#8221; column_position=&#8221;default&#8221; gradient_direction=&#8221;left_to_right&#8221; overlay_strength=&#8221;0.3&#8243; width=&#8221;1\/1&#8243; tablet_width_inherit=&#8221;default&#8221; animation_type=&#8221;default&#8221; bg_image_animation=&#8221;none&#8221; border_type=&#8221;simple&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;][image_with_animation image_url=&#8221;11722&#8243; image_size=&#8221;full&#8221; animation_type=&#8221;entrance&#8221; animation=&#8221;Fade In&#8221; animation_easing=&#8221;default&#8221; animation_movement_type=&#8221;transform_y&#8221; hover_animation=&#8221;none&#8221; alignment=&#8221;&#8221; border_radius=&#8221;none&#8221; box_shadow=&#8221;none&#8221; image_loading=&#8221;default&#8221; max_width=&#8221;100%&#8221; max_width_mobile=&#8221;default&#8221;][\/vc_column][vc_column top_padding_desktop=&#8221;5&#8243; bottom_padding_desktop=&#8221;0&#8243; top_margin=&#8221;0&#8243; bottom_margin=&#8221;0&#8243; column_element_direction_desktop=&#8221;default&#8221; column_element_spacing=&#8221;default&#8221; desktop_text_alignment=&#8221;default&#8221; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_backdrop_filter=&#8221;none&#8221; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; column_link_target=&#8221;_self&#8221; column_position=&#8221;default&#8221; el_class=&#8221;enews&#8221; gradient_direction=&#8221;left_to_right&#8221; overlay_strength=&#8221;0.3&#8243; width=&#8221;1\/1&#8243; tablet_width_inherit=&#8221;default&#8221; animation_type=&#8221;default&#8221; bg_image_animation=&#8221;none&#8221; border_type=&#8221;simple&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221; column_padding_type=&#8221;advanced&#8221; gradient_type=&#8221;default&#8221;][vc_custom_heading text=&#8221;In this Issue&#8221; font_container=&#8221;tag:h3|text_align:left&#8221; google_fonts=&#8221;font_family:Domine%3Aregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal&#8221; css=&#8221;&#8221;]<div class=\"nectar-fancy-ul link_style_opacity\" data-list-icon=\"fa fa-bookmark\" data-animation=\"false\" data-animation-delay=\"0\" data-color=\"accent-color\" data-spacing=\"default\" data-alignment=\"left\"> \n<ul>\n<li><a href=\"https:\/\/dev.elcicgsi.ca\/?p=11720#loud\">Loud Budgeting<\/a><\/li>\n<li><a href=\"https:\/\/dev.elcicgsi.ca\/?p=11720#results\">Q3 Investment Results<\/a><\/li>\n<\/ul>\n <\/div>[\/vc_column][\/vc_row][vc_row type=&#8221;in_container&#8221; full_screen_row_position=&#8221;middle&#8221; column_margin=&#8221;default&#8221; column_direction=&#8221;default&#8221; column_direction_tablet=&#8221;default&#8221; column_direction_phone=&#8221;default&#8221; bg_color=&#8221;rgba(255,255,255,0.96)&#8221; scene_position=&#8221;center&#8221; top_padding=&#8221;0&#8243; bottom_padding=&#8221;0&#8243; left_padding_desktop=&#8221;0&#8243; right_padding_desktop=&#8221;0&#8243; top_padding_tablet=&#8221;5&#8243; bottom_padding_tablet=&#8221;5&#8243; left_padding_tablet=&#8221;5&#8243; right_padding_tablet=&#8221;5&#8243; top_padding_phone=&#8221;5&#8243; bottom_padding_phone=&#8221;5&#8243; left_padding_phone=&#8221;5&#8243; right_padding_phone=&#8221;5&#8243; text_color=&#8221;dark&#8221; text_align=&#8221;left&#8221; row_border_radius=&#8221;20px&#8221; row_border_radius_applies=&#8221;bg&#8221; overflow=&#8221;visible&#8221; id=&#8221;statements&#8221; advanced_gradient_angle=&#8221;0&#8243; overlay_strength=&#8221;0.3&#8243; gradient_direction=&#8221;left_to_right&#8221; shape_divider_position=&#8221;bottom&#8221; bg_image_animation=&#8221;none&#8221; gradient_type=&#8221;default&#8221; shape_type=&#8221;&#8221;][vc_column column_padding=&#8221;no-extra-padding&#8221; column_padding_tablet=&#8221;inherit&#8221; column_padding_phone=&#8221;inherit&#8221; column_padding_position=&#8221;all&#8221; left_margin=&#8221;0&#8243; left_margin_tablet=&#8221;5&#8243; left_margin_phone=&#8221;5&#8243; column_element_direction_desktop=&#8221;default&#8221; column_element_spacing=&#8221;default&#8221; desktop_text_alignment=&#8221;default&#8221; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_backdrop_filter=&#8221;none&#8221; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; column_link_target=&#8221;_self&#8221; column_position=&#8221;default&#8221; gradient_direction=&#8221;left_to_right&#8221; overlay_strength=&#8221;0.3&#8243; width=&#8221;1\/1&#8243; tablet_width_inherit=&#8221;default&#8221; animation_type=&#8221;default&#8221; bg_image_animation=&#8221;none&#8221; border_type=&#8221;simple&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221; column_padding_type=&#8221;default&#8221; gradient_type=&#8221;default&#8221;][image_with_animation image_url=&#8221;11768&#8243; image_size=&#8221;full&#8221; animation_type=&#8221;entrance&#8221; animation=&#8221;Fade In&#8221; animation_easing=&#8221;default&#8221; animation_movement_type=&#8221;transform_y&#8221; hover_animation=&#8221;none&#8221; alignment=&#8221;center&#8221; border_radius=&#8221;custom&#8221; box_shadow=&#8221;none&#8221; top_left_border_radius=&#8221;20&#8243; top_right_border_radius=&#8221;20&#8243; image_loading=&#8221;default&#8221; max_width=&#8221;100%&#8221; max_width_mobile=&#8221;default&#8221; el_class=&#8221;enews-banner&#8221;][\/vc_column][vc_column column_padding=&#8221;padding-3-percent&#8221; column_padding_tablet=&#8221;inherit&#8221; column_padding_phone=&#8221;inherit&#8221; column_padding_position=&#8221;left-right&#8221; column_element_direction_desktop=&#8221;default&#8221; column_element_spacing=&#8221;default&#8221; desktop_text_alignment=&#8221;default&#8221; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; background_color=&#8221;#ffffff&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_backdrop_filter=&#8221;none&#8221; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; column_link_target=&#8221;_self&#8221; column_position=&#8221;default&#8221; el_class=&#8221;enews&#8221; gradient_direction=&#8221;left_to_right&#8221; overlay_strength=&#8221;0.3&#8243; width=&#8221;1\/1&#8243; tablet_width_inherit=&#8221;default&#8221; animation_type=&#8221;default&#8221; bg_image_animation=&#8221;none&#8221; border_type=&#8221;simple&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221; column_padding_type=&#8221;default&#8221; gradient_type=&#8221;default&#8221;][vc_custom_heading text=&#8221;Could Loud Budgeting Be Helpful for You?&#8221; font_container=&#8221;tag:h2|text_align:center&#8221; google_fonts=&#8221;font_family:Domine%3Aregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal&#8221; css=&#8221;&#8221;][vc_column_text css=&#8221;.vc_custom_1731341127250{padding-bottom: 20px !important;}&#8221; el_class=&#8221;enews&#8221; text_direction=&#8221;default&#8221;]<span data-contrast=\"none\"><a href=\"https:\/\/dev.elcicgsi.ca\/wp-content\/uploads\/2024\/11\/budgeting.jpeg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-11769 alignright\" src=\"https:\/\/dev.elcicgsi.ca\/wp-content\/uploads\/2024\/11\/budgeting-300x225.jpeg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/dev.elcicgsi.ca\/wp-content\/uploads\/2024\/11\/budgeting-300x225.jpeg 300w, https:\/\/dev.elcicgsi.ca\/wp-content\/uploads\/2024\/11\/budgeting-768x576.jpeg 768w, https:\/\/dev.elcicgsi.ca\/wp-content\/uploads\/2024\/11\/budgeting.jpeg 800w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>There is never a bad time to review your financial situation and consider a budget. But right now, as we go into the Christmas spending season and prepare for a new year might be an <em>ideal<\/em> time.<\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">You might be thinking, &#8220;Budgeting? Blah, blah, blah. I\u2019ve heard this before, and I&#8217;ve never found a way to make it work for me.&#8221; Let us offer you a slight twist that might make some difference to your success. <\/span><\/p>\n<h3>What is Loud Budgeting?<\/h3>\n<p><span data-contrast=\"none\">Being loud about your budget is being vocal to those around you when you have to pass on something because it\u2019s not in your budget. Loud budgeting empowers you to fight the urge to overspend. It promotes speaking up about saving money. It\u2019s a way to resist impulse spending, peer pressure, or living up to an ideal that is not really you. <\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\"><a href=\"https:\/\/dev.elcicgsi.ca\/wp-content\/uploads\/2024\/11\/sayingno.jpeg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-11770 alignright\" src=\"https:\/\/dev.elcicgsi.ca\/wp-content\/uploads\/2024\/11\/sayingno-300x300.jpeg\" alt=\"\" width=\"300\" height=\"300\" srcset=\"https:\/\/dev.elcicgsi.ca\/wp-content\/uploads\/2024\/11\/sayingno-300x300.jpeg 300w, https:\/\/dev.elcicgsi.ca\/wp-content\/uploads\/2024\/11\/sayingno-150x150.jpeg 150w, https:\/\/dev.elcicgsi.ca\/wp-content\/uploads\/2024\/11\/sayingno-768x768.jpeg 768w, https:\/\/dev.elcicgsi.ca\/wp-content\/uploads\/2024\/11\/sayingno-140x140.jpeg 140w, https:\/\/dev.elcicgsi.ca\/wp-content\/uploads\/2024\/11\/sayingno-100x100.jpeg 100w, https:\/\/dev.elcicgsi.ca\/wp-content\/uploads\/2024\/11\/sayingno-500x500.jpeg 500w, https:\/\/dev.elcicgsi.ca\/wp-content\/uploads\/2024\/11\/sayingno-350x350.jpeg 350w, https:\/\/dev.elcicgsi.ca\/wp-content\/uploads\/2024\/11\/sayingno.jpeg 800w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>The basic principle of any budget is to spend less than you earn. And so yes, you have to do a bit of work to review what you spend between each paycheque and how much of each cheque you need to set aside for the bigger once-a-year or emergency things. <\/span><\/p>\n<p><span data-contrast=\"none\">After you have done this work, you can apply the \u2018loud\u2019 piece. Even if you are not up to doing this work right now, keep reading and try being \u2018loud,\u2019 and then maybe you will be inspired to circle back to create that budget.<\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p>\n<h3>Why This Strategy Works<\/h3>\n<p><span data-contrast=\"none\">When we struggle with mental health challenges some of us may turn to spending as way to make ourselves feel better. We have all heard of \u201cretail therapy.&#8221; But if you say out loud, &#8220;This is not in my plan&#8221; and recognize that credit card bills will only add to your anxiety, you can develop new patterns and seek to address your anxiety in more helpful ways.<\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p>\n<p><span class=\"TextRun Highlight SCXW83992525 BCX8\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW83992525 BCX8\" data-ccp-parastyle=\"No Spacing\">Don\u2019t be embarrassed<\/span><\/span><span class=\"TrackChangeTextInsertion TrackedChange SCXW83992525 BCX8\"> <span class=\"TextRun SCXW83992525 BCX8\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW83992525 BCX8\" data-ccp-parastyle=\"No Spacing\">to let people know that you&#8217;re exercising fiscal constraint.<\/span><\/span><\/span>\u00a0<span class=\"TrackChangeTextInsertion TrackedChange SCXW83992525 BCX8\"><span class=\"TextRun Highlight SCXW83992525 BCX8\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW83992525 BCX8\" data-ccp-parastyle=\"No Spacing\">Ta<\/span><\/span><\/span><span class=\"TextRun Highlight SCXW83992525 BCX8\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW83992525 BCX8\" data-ccp-parastyle=\"No Spacing\">king control can reduce anxiety and help you to achieve broader goals. <\/span><\/span><span class=\"EOP SCXW83992525 BCX8\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Have are some responses prepared for when you in a pressure situation:<\/span><\/p>\n<ul>\n<li><span data-contrast=\"none\">\u201cMaybe next time. I don\u2019t want to spend money right now\u201d<\/span><\/li>\n<li>\u201cNo thanks, I\u2019m saving for xxx\u201d (and name something more important to you)<\/li>\n<\/ul>\n<p><a href=\"https:\/\/dev.elcicgsi.ca\/wp-content\/uploads\/2024\/11\/reaching-goal.jpeg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-11771 alignright\" src=\"https:\/\/dev.elcicgsi.ca\/wp-content\/uploads\/2024\/11\/reaching-goal-300x225.jpeg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/dev.elcicgsi.ca\/wp-content\/uploads\/2024\/11\/reaching-goal-300x225.jpeg 300w, https:\/\/dev.elcicgsi.ca\/wp-content\/uploads\/2024\/11\/reaching-goal-768x576.jpeg 768w, https:\/\/dev.elcicgsi.ca\/wp-content\/uploads\/2024\/11\/reaching-goal.jpeg 800w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>Acknowledge to yourself, that\u2019s it\u2019s okay to say no and that you will be fine. You never know: you may be an inspiration to someone else who also would benefit from being more conscious about their spending.<\/p>\n<p>A couple of tips to help reduce the on-line impulse shopping that can lead to overspending:<\/p>\n<ul>\n<li>Unsubscribe from retail emails and push notifications and unfollow brands on social media<\/li>\n<li>Delete payment details in your on-line accounts. This will force you to take a minute to think about your buying decision<\/li>\n<li>Try making rules for yourself, like waiting 48 hours to purchase something (even if it\u2019s on sale). This will take the emotional urgency out of wanting the item.<\/li>\n<\/ul>\n[\/vc_column_text][\/vc_column][\/vc_row][vc_row type=&#8221;in_container&#8221; full_screen_row_position=&#8221;middle&#8221; column_margin=&#8221;default&#8221; column_direction=&#8221;default&#8221; column_direction_tablet=&#8221;default&#8221; column_direction_phone=&#8221;default&#8221; bg_color=&#8221;#ffffff&#8221; scene_position=&#8221;center&#8221; top_padding=&#8221;0&#8243; left_padding_desktop=&#8221;5&#8243; right_padding_desktop=&#8221;5&#8243; top_margin=&#8221;0&#8243; text_color=&#8221;dark&#8221; text_align=&#8221;left&#8221; row_border_radius=&#8221;none&#8221; row_border_radius_applies=&#8221;bg&#8221; overflow=&#8221;visible&#8221; id=&#8221;results&#8221; overlay_strength=&#8221;0.3&#8243; gradient_direction=&#8221;left_to_right&#8221; shape_divider_position=&#8221;bottom&#8221; bg_image_animation=&#8221;none&#8221; gradient_type=&#8221;default&#8221; shape_type=&#8221;&#8221;][vc_column column_padding=&#8221;no-extra-padding&#8221; column_padding_tablet=&#8221;inherit&#8221; column_padding_phone=&#8221;inherit&#8221; column_padding_position=&#8221;all&#8221; column_element_direction_desktop=&#8221;default&#8221; column_element_spacing=&#8221;default&#8221; desktop_text_alignment=&#8221;default&#8221; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_backdrop_filter=&#8221;none&#8221; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; column_link_target=&#8221;_self&#8221; column_position=&#8221;default&#8221; el_class=&#8221;enews&#8221; gradient_direction=&#8221;left_to_right&#8221; overlay_strength=&#8221;0.3&#8243; width=&#8221;1\/1&#8243; tablet_width_inherit=&#8221;default&#8221; animation_type=&#8221;default&#8221; bg_image_animation=&#8221;none&#8221; border_type=&#8221;simple&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221; column_padding_type=&#8221;default&#8221; gradient_type=&#8221;default&#8221;][image_with_animation image_url=&#8221;11765&#8243; image_size=&#8221;full&#8221; animation_type=&#8221;entrance&#8221; animation=&#8221;Fade In&#8221; animation_easing=&#8221;default&#8221; animation_movement_type=&#8221;transform_y&#8221; hover_animation=&#8221;none&#8221; alignment=&#8221;center&#8221; border_radius=&#8221;custom&#8221; box_shadow=&#8221;none&#8221; top_left_border_radius=&#8221;20&#8243; top_right_border_radius=&#8221;20&#8243; image_loading=&#8221;default&#8221; max_width=&#8221;100%&#8221; max_width_mobile=&#8221;default&#8221; el_class=&#8221;enews-banner&#8221;][vc_custom_heading text=&#8221;Investment Results for the Third Quarter of 2024&#8243; font_container=&#8221;tag:h2|text_align:center&#8221; google_fonts=&#8221;font_family:Domine%3Aregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal&#8221; css=&#8221;.vc_custom_1731299109273{margin-bottom: 0px !important;border-bottom-width: 0px !important;padding-bottom: 0px !important;}&#8221;][vc_row_inner column_margin=&#8221;default&#8221; column_direction=&#8221;default&#8221; column_direction_tablet=&#8221;default&#8221; column_direction_phone=&#8221;default&#8221; text_align=&#8221;left&#8221; row_position=&#8221;default&#8221; row_position_tablet=&#8221;inherit&#8221; row_position_phone=&#8221;inherit&#8221; overflow=&#8221;visible&#8221; pointer_events=&#8221;all&#8221; css=&#8221;.vc_custom_1731299398870{margin-bottom: 0px !important;border-bottom-width: 0px !important;padding-right: 20px !important;padding-bottom: 0px !important;padding-left: 20px !important;}&#8221;][vc_column_inner bottom_padding_desktop=&#8221;0&#8243; bottom_margin=&#8221;0&#8243; column_element_direction_desktop=&#8221;default&#8221; column_element_spacing=&#8221;default&#8221; desktop_text_alignment=&#8221;default&#8221; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; background_color=&#8221;#ffffff&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_backdrop_filter=&#8221;none&#8221; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; column_link_target=&#8221;_self&#8221; overflow=&#8221;visible&#8221; gradient_direction=&#8221;left_to_right&#8221; overlay_strength=&#8221;0.3&#8243; width=&#8221;1\/1&#8243; tablet_width_inherit=&#8221;default&#8221; animation_type=&#8221;default&#8221; bg_image_animation=&#8221;none&#8221; border_type=&#8221;simple&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221; column_padding_type=&#8221;advanced&#8221; gradient_type=&#8221;default&#8221;][vc_column_text css=&#8221;.vc_custom_1738685426714{margin-bottom: 0px !important;}&#8221; el_class=&#8221;enews&#8221; text_direction=&#8221;default&#8221;]<span data-contrast=\"none\">The ELCIC Pension Plan investments provided a <strong>positive return of 1.1%<\/strong> this quarter, bringing the year-to-date result to 6.0% (up from 4.9% at the end of March).\u00a0<\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">The <strong>economy continued to grow in the United States<\/strong> but was weaker in other developed countries over this last quarter. Even within the United States some companies did really well, mostly those with strong <strong>Artificial Intelligence initiatives,<\/strong> while other companies had a bit more of a struggle to post positive returns.\u00a0\u00a0<\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Details for each fund and for each quarter compared to a benchmark can be found below.<strong> Top ten stocks for each portfolio<\/strong> can be found <a href=\"https:\/\/dev.elcicgsi.ca\/?page_id=126\" target=\"_blank\" rel=\"noopener\">on the GSI website<\/a>.<\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][toggles style=&#8221;default&#8221; border_radius=&#8221;none&#8221;][toggle color=&#8221;Default&#8221; heading_tag=&#8221;default&#8221; heading_tag_functionality=&#8221;default&#8221; title=&#8221;ELCIC Pension Plan&#8221;][vc_raw_html css=&#8221;&#8221;]JTVCdGFibGUlMjBpZCUzRDE1MiUyMCUyRiU1RA==[\/vc_raw_html][\/toggle][\/toggles][vc_column_text el_class=&#8221;enews&#8221;]\n<h3>Growth Fund<\/h3>\n<p><span class=\"TextRun SCXW261106099 BCX8\" lang=\"EN-CA\" xml:lang=\"EN-CA\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW261106099 BCX8\" data-ccp-parastyle=\"No Spacing\">Here is a closer look at each portfolio within the Growth Fund.<\/span><\/span><span class=\"EOP SCXW261106099 BCX8\" data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span>[\/vc_column_text][toggles style=&#8221;default&#8221; border_radius=&#8221;none&#8221;][toggle color=&#8221;Default&#8221; heading_tag=&#8221;default&#8221; heading_tag_functionality=&#8221;default&#8221; title=&#8221;PH&amp;N Canadian Equity Value Fund&#8221;][vc_raw_html css=&#8221;&#8221;]JTVCdGFibGUlMjBpZCUzRDE1MyUyMCUyRiU1RA==[\/vc_raw_html][vc_column_text css=&#8221;&#8221; el_class=&#8221;enews&#8221; text_direction=&#8221;default&#8221;]This fund had a strong quarter and stayed in line with its benchmark. The return for July to September was 10.6% bringing the year-to-date to 17.4%. PH&amp;N attributes this to their security selection in the Energy sector. In repositioning for the coming quarter, PH&amp;N has increased their holding in the Financial sector with CIBC, Bank of Nova Scotia and TD as they believe this is a good area for profitability.[\/vc_column_text][\/toggle][toggle color=&#8221;Default&#8221; heading_tag=&#8221;default&#8221; heading_tag_functionality=&#8221;default&#8221; title=&#8221;RBC Global Equity Focus Pension Trust&#8221;][vc_raw_html css=&#8221;&#8221;]JTVCdGFibGUlMjBpZCUzRDE1NCUyMCUyRiU1RA==[\/vc_raw_html][vc_column_text css=&#8221;&#8221; el_class=&#8221;enews&#8221; text_direction=&#8221;default&#8221;]This fund earned 4.6% this quarter and RBC cites several challenges in the global markets. RBC made some key changes in the Communications and Info Tech sectors based on current events and repositioning for a long-term growth outlook.[\/vc_column_text][\/toggle][toggle color=&#8221;Default&#8221; heading_tag=&#8221;default&#8221; heading_tag_functionality=&#8221;default&#8221; title=&#8221;Baillie Gifford Global Equity Fund&#8221;][vc_raw_html css=&#8221;&#8221;]JTVCdGFibGUlMjBpZCUzRDE1NSUyMCUyRiU1RA==[\/vc_raw_html][vc_column_text css=&#8221;&#8221; el_class=&#8221;enews&#8221; text_direction=&#8221;default&#8221;]This fund is made up of about 90 high-quality companies from across the growth spectrum. Baillie Gifford\u2019s (BG) quarterly report states, \u201cLike the Sitka spruce, your portfolio contains companies carefully chosen for their exceptional growth characteristics.\u201d BG invests with patience for the long term and report that that strategy has paid off in the recent months with a return of 5.0% this quarter, bringing their year-to-date return to 17.5%.<\/p>\n<p>In their presentation at the recent GSI board meeting, BG highlighted a new purchase in Builders Firstsource. This is the largest supplier of building products, prefabricated components and value-added services to the professional builder space in the USA. This stock, along with some other new investments, exposes the portfolio to a wide range of opportunities for future growth.[\/vc_column_text][\/toggle][\/toggles][vc_column_text el_class=&#8221;enews&#8221;]\n<h3>Fixed Income Fund Results<\/h3>\n<p>Here are the results of the Fixed Income portfolios.[\/vc_column_text][toggles style=&#8221;default&#8221; border_radius=&#8221;none&#8221;][toggle color=&#8221;Default&#8221; heading_tag=&#8221;default&#8221; heading_tag_functionality=&#8221;default&#8221; title=&#8221;PH&amp;N Core Plus Bond Fund&#8221;][vc_raw_html css=&#8221;&#8221;]JTVCdGFibGUlMjBpZCUzRDE1NiUyMCUyRiU1RA==[\/vc_raw_html][vc_column_text css=&#8221;&#8221; el_class=&#8221;enews&#8221; text_direction=&#8221;default&#8221;]This quarter the Bank of Canada again lowered its rate, this time by 0.50% ending the period at 4.25%. These changes have occurred faster and in greater magnitude than the market expected. PH&amp;N states, \u201dOverall, the portfolio maintained its medium level of risk over the quarter; however, we remain cautious and continue to focus on high-quality areas of the market given our concerns over economic and corporate fundamental and our belief that we appear to be in the later stages of the business cycle.\u201d[\/vc_column_text][\/toggle][toggle color=&#8221;Default&#8221; heading_tag=&#8221;default&#8221; heading_tag_functionality=&#8221;default&#8221; title=&#8221;PH&amp;N Mortgage Pension Trust&#8221;][vc_raw_html css=&#8221;&#8221;]JTVCdGFibGUlMjBpZCUzRDE1NyUyMCUyRiU1RA==[\/vc_raw_html][vc_column_text css=&#8221;&#8221; el_class=&#8221;enews&#8221; text_direction=&#8221;default&#8221;]The PH&amp;N Mortgage Pension Trust (MPT) is a portfolio of first rank mortgage on income-producing commercial properties in Canada. The MPT returned 3.7% this quarter. PH&amp;N stated, <span class=\"TextRun SCXW169338982 BCX8\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW169338982 BCX8\" data-ccp-parastyle=\"No Spacing\">\u201d<\/span><\/span>As we continue to manage the portfolio through an uncertain real estate market, our core focus remains on income generation and capital preservation. We employ a disciplined approach to underwriting and continue to target quality properties, borrowers, and sponsors when originating new loans.<span class=\"TextRun SCXW49567905 BCX8\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW49567905 BCX8\" data-ccp-parastyle=\"No Spacing\">\u201d<\/span><\/span>[\/vc_column_text][\/toggle][toggle color=&#8221;Default&#8221; heading_tag=&#8221;default&#8221; heading_tag_functionality=&#8221;default&#8221; title=&#8221;PH&amp;N High Yield Mortgage Fund&#8221;][vc_raw_html css=&#8221;&#8221;]JTVCdGFibGUlMjBpZCUzRDE1OCUyMCUyRiU1RA==[\/vc_raw_html][\/toggle][\/toggles][vc_row_inner column_margin=&#8221;default&#8221; column_direction=&#8221;default&#8221; column_direction_tablet=&#8221;default&#8221; column_direction_phone=&#8221;default&#8221; text_align=&#8221;left&#8221; row_position=&#8221;default&#8221; row_position_tablet=&#8221;inherit&#8221; row_position_phone=&#8221;inherit&#8221; overflow=&#8221;visible&#8221; pointer_events=&#8221;all&#8221;][vc_column_inner column_padding=&#8221;no-extra-padding&#8221; column_padding_tablet=&#8221;inherit&#8221; column_padding_phone=&#8221;inherit&#8221; column_padding_position=&#8221;all&#8221; column_element_direction_desktop=&#8221;default&#8221; column_element_spacing=&#8221;default&#8221; desktop_text_alignment=&#8221;default&#8221; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_backdrop_filter=&#8221;none&#8221; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; column_link_target=&#8221;_self&#8221; overflow=&#8221;visible&#8221; gradient_direction=&#8221;left_to_right&#8221; overlay_strength=&#8221;0.3&#8243; width=&#8221;1\/1&#8243; tablet_width_inherit=&#8221;default&#8221; animation_type=&#8221;default&#8221; bg_image_animation=&#8221;none&#8221; border_type=&#8221;simple&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;][vc_column_text css=&#8221;.vc_custom_1731296599268{margin-top: 0px !important;border-top-width: 0px !important;padding-top: 0px !important;border-radius: 1px !important;}&#8221; el_class=&#8221;enews-footnote&#8221; text_direction=&#8221;default&#8221;]Please note that information is not intended to be investment advice or to be a recommendation for your personal investment portfolio. The content is intended for information purposes only and should not be disclosed to other third parties or used for the purposes of market timing or seeking to gain an unfair advantage.[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row type=&#8221;in_container&#8221; full_screen_row_position=&#8221;middle&#8221; column_margin=&#8221;default&#8221; column_direction=&#8221;default&#8221; column_direction_tablet=&#8221;default&#8221; column_direction_phone=&#8221;default&#8221; bg_color=&#8221;rgba(113,199,216,0.1)&#8221; scene_position=&#8221;center&#8221; text_color=&#8221;dark&#8221; text_align=&#8221;center&#8221; row_border_radius=&#8221;none&#8221; row_border_radius_applies=&#8221;bg&#8221; overflow=&#8221;visible&#8221; advanced_gradient_angle=&#8221;0&#8243; overlay_strength=&#8221;0.3&#8243; gradient_direction=&#8221;left_to_right&#8221; shape_divider_position=&#8221;bottom&#8221; bg_image_animation=&#8221;none&#8221; gradient_type=&#8221;default&#8221; shape_type=&#8221;&#8221;][vc_column column_padding=&#8221;no-extra-padding&#8221; column_padding_tablet=&#8221;inherit&#8221; column_padding_phone=&#8221;inherit&#8221; column_padding_position=&#8221;all&#8221; column_element_direction_desktop=&#8221;default&#8221; column_element_spacing=&#8221;default&#8221; desktop_text_alignment=&#8221;default&#8221; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_backdrop_filter=&#8221;none&#8221; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; column_link_target=&#8221;_self&#8221; column_position=&#8221;default&#8221; gradient_direction=&#8221;left_to_right&#8221; overlay_strength=&#8221;0.3&#8243; width=&#8221;1\/1&#8243; tablet_width_inherit=&#8221;default&#8221; animation_type=&#8221;default&#8221; bg_image_animation=&#8221;none&#8221; border_type=&#8221;simple&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;][image_with_animation image_url=&#8221;11767&#8243; image_size=&#8221;full&#8221; animation_type=&#8221;entrance&#8221; animation=&#8221;None&#8221; animation_movement_type=&#8221;transform_y&#8221; hover_animation=&#8221;none&#8221; alignment=&#8221;&#8221; border_radius=&#8221;custom&#8221; box_shadow=&#8221;none&#8221; top_left_border_radius=&#8221;20&#8243; top_right_border_radius=&#8221;20&#8243; image_loading=&#8221;default&#8221; max_width=&#8221;100%&#8221; max_width_mobile=&#8221;default&#8221; el_class=&#8221;enews-banner&#8221;][vc_custom_heading text=&#8221;We welcome your questions &amp; feedback!&#8221; font_container=&#8221;tag:h2|text_align:center&#8221; google_fonts=&#8221;font_family:Domine%3Aregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal&#8221;][vc_column_text el_class=&#8221;enews&#8221;]please write to us:<a href=\"mailto:admin@elcicgsi.ca\"> admin@elcicgsi.ca<\/a><br \/>\nor call toll free: 1-877-352-4247 (in Winnipeg 204-984-9181)<br \/>\ninformation and resources can also be found on the <a href=\"https:\/\/dev.elcicgsi.ca\">GSI website<\/a>[\/vc_column_text][\/vc_column][\/vc_row]\n","protected":false},"excerpt":{"rendered":"<p>Topics include: Loud Budgeting, Q3 Investment Results<\/p>\n","protected":false},"author":13,"featured_media":10967,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[34],"post_folder":[18,20],"class_list":{"0":"post-11720","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-planmembers","8":"tag-pension"},"featured_image_src":"https:\/\/dev.elcicgsi.ca\/wp-content\/uploads\/2024\/10\/Pension-News.jpeg?ver=1727747854","author_info":{"display_name":"Faithful Servant","author_link":"https:\/\/dev.elcicgsi.ca\/?author=13"},"_links":{"self":[{"href":"https:\/\/dev.elcicgsi.ca\/index.php?rest_route=\/wp\/v2\/posts\/11720","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dev.elcicgsi.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dev.elcicgsi.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dev.elcicgsi.ca\/index.php?rest_route=\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/dev.elcicgsi.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11720"}],"version-history":[{"count":0,"href":"https:\/\/dev.elcicgsi.ca\/index.php?rest_route=\/wp\/v2\/posts\/11720\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dev.elcicgsi.ca\/index.php?rest_route=\/wp\/v2\/media\/10967"}],"wp:attachment":[{"href":"https:\/\/dev.elcicgsi.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev.elcicgsi.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev.elcicgsi.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11720"},{"taxonomy":"post_folder","embeddable":true,"href":"https:\/\/dev.elcicgsi.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fpost_folder&post=11720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}