Beyond Meat burgers part of falling Tim Hortons sales – CTV News + MORE Oct 28th

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The Sequence of Returns

– investitwisely.com

The Sequence of Returns
A look at how variable rates of return do (and do not) impact investors over time. 
What exactly is the “sequence of returns”? The phrase describes the yearly variation in an investment portfolio’s rate of return. Across 20 or 30 years of saving and investing for the future, what kind of impact do these deviations from the average return have on a portfolio’s final value?
The answer: no impact at all.
Once an investor retires, however, these ups and downs can have an effect on portfolio value – and retirement income.
During the accumulation phase, the sequence of returns is ultimately inconsequential. Yearly returns may vary greatly or minimally; in the end, the variance from the mean hardly matters. (Think of “the end” as the moment the investor retires: the time when the emphasis on accumulating assets gives way to the need to withdraw assets.)
An analysis from BlackRock bears this out. The asset manager compares three model investing scenarios: three investors start portfolios with lump sums of $1 million, and each of the three portfolios averages a 7% annual return across 25 years…

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If Shakespeare was an investor instead of a playwright, he might have said, “to be in cash or to not be in cash, that is the question.” (Sorry.) At least, that’s what many investors are asking themselves today, as the market moves sideways and as recession fears increase. 
In August, economics guru David Rosenberg, wrote in the Globe and Mail that investors should be in cash and other more liquid investments because the world is going to hell. “Gold soaring, bonds rallying sharply, an equity market rolling off the highs, deepening racism, and a tariff and currency war. This sounds a lot like the 1930s to me,” he wrote. 
Investors seem to be heeding his advice, and the advice of many other cash-trumpeting experts. A recent investor sentiment report from UBS Global Wealth Management found that out of 4,600 investors surveyed 34% said they were shifting more money to cash over their concerns about trade wars and market volatility. “This is the most popular reaction to trade developments among among respondents,” said UBS, adding that respondents are holding, on average, 27% of their assets in cash, which is much higher than the 5% to 10% that investment experts normally recommend…

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Beyond Meat burgers part of falling Tim Hortons sales  CTV NewsTim Hortons’ surprise slump in drink and lunch sales drags down RBI earnings  Financial PostRestaurant Brands earnings: Tim Hortons dips, Burger King and Popeyes see growth  CBC.caTim Hortons sales drop unexpectedly, and cold drinks and sandwiches are to blame  Toronto StarRestaurant Brands reports Q3 profit up as sales grow at Burger King and Popeyes  CP24 Toronto’s Breaking NewsView full coverage on Google News

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