The Delfino Report - January 21, 2025

Happy New Year!

I’m happy to report on another very successful year in our shared pursuit of your most cherished lifetime financial goals. Our plan and our portfolio continue to be driven by those goals, rather than by prognostication around the economy or the markets. This will continue to be the case in the coming year, and beyond.

Our General Principles :

• We are long-term, goal-focused, plan-driven investors. Our core investment policy is to invest in broadly diversified portfolios of high quality businesses.
• We believe that the economy can’t be consistently forecast, nor the markets consistently timed. We conclude from this that the only practical way to capture the premium long-term return of equities is to ride out their frequent, sometimes significant, but historically always temporary, declines.
• We do not react to economic or market events. As long as your longterm goals remain unchanged, so will our plan for the achievementof those goals.

WE CONTINUE TO GROW!

Thanks to you, we have continued to grow. Over the last year we have received a number of amazing introductions. These introductions have bgrown into some amazing new client relationships. In many cases these introductions are family members, work associates, or friends and colleagues. We are very grateful for your continued support. Our goals moving forward are to continue to grow our team and our practice. Our focus is on helping mid career professionals prepare for their financial life after work, as well as assisting investors who are close to retirement assess their retirement readiness. If you come across someone who you feel may benefit from our Financial Peace of Mind Conversations^™ we would be honored to talk with them.

CONTACT PAUL

This newsletter has been prepared by The Delfino Group and expresses the opinions of the authors and not necessarily those of RaymondJames Ltd. (RJL). Statistics, factual data and other information are from sources RJL believes to be reliable but their accuracy cannot beguaranteed. It is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Thisnewsletter is intended for distribution only in those jurisdictions where RJL and the author are registered. Securities-related products andservices are offered through Raymond James Ltd., member-Canadian Investor Protection Fund. Insurance products and services are offeredthrough Raymond James Financial Planning Ltd., which is not a member-Canadian Investor Protection Fund.