July 2021 News

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There has been no shortage of tragic and concerning news lately in the media. There is real utility to staying optimistic, it’s better for your health, happiness, relationships, and in our opinion… It’s better for your wealth. Figure 1 is a tally over time of the global population then divided by those below and above the extreme poverty line which is adjusted for inflation over time. The poverty line is characterized as ‘severe deprivation of basic human needs.’

Figure 1
S&P 500 performance by month

In public surveys around the world, people tend to think that extreme poverty has not decreased, but it is difficult to overstate the positivity of this chart. In the last 200 years (just 3 lifetimes) we have gone from the having the overwhelming majority of people in severe poverty to having the vast majority of people out of severe poverty.

Furthermore, the US Agency for International Development (USAID) projects Global Severe poverty will be abolished around 2030-2035. With more people out of poverty, people are freed up to contribute to society in all the different ways that make their lives, and the lives of people around them better. Then, as that ripples out and forward you also end up with millions of pounds of total additional ‘brain’ free to work on things like the climate crisis and pandemics.

It is also a benefit for population growth. Contrary to the understanding of over-population alarmists who suggest we will outgrow our planet and deplete its resources “like a virus on a host,” Populations that escape poverty and become developed have fewer kids. A 2020 Study by ‘The Lancet’ general medical journal (Figure 2) projects global population will peak in 2064 at 9.7 billion then decline to 8.8 billion by the year 2100. Similarly, an analysis from Wittgenstein Center for demography predicts a peak in 2070 at 9.4 billion and then decline to 9 billion by 2100 thereafter.

FundEX Investments & iA Investia

As many of you know already, officially on July 1st 2021 FundEX has been amalgamated with sister company, Investia Financial. I would emphasize that this change is not the result of an acquisition by a third-party firm and has no impact on our relationships, your accounts, your client portal, or the value and holdings in your investment portfolio. The change is effectively just the name because iA financial has spent the last several years assimilating FundEX’s operations with Investia’s proactively.


We are open for business by appointment! We have had the luxury through this pandemic of being able to do a lot of our work remotely.

It was also a priority to keep staff working so for Kristen in Nanaimo we continued business as usual regular hours etc and for Krista in Duncan, Krista elected to work from home so she could spend more time with her husband while things were shut down. The plan as it stands is for Krista to continue working from home because she is really enjoying it, and the Duncan office will continue to be open by appointment only. Krista has said she would like to continue this basis until she retires.


I’m an optimist because I’ve never met a rich pessimist.

Ned Goodman

To contract new debts is not the way to pay old ones.

George Washington

Setting a good example is a far better way to spread ideals than through force of arms.

Ron Paul

DISCLAIMER: This newsletter contains general information only and is intended for informational and educational purposes provided to the clients of Anne Marie Dryden & Hans Bischoff. While information contained in this newsletter is believed to be reliable and accurate at the time of printing, Anne Marie Dryden & Hans Bischoff do not guarantee, represent or warrant that the information contained in this newsletter is accurate, complete, reliable, verified or error-free. This newsletter should not be taken or relied upon as providing legal, accounting or tax advice. You should obtain your own personal and independent professional advice, from your lawyer and/or accountant, to take into account your particular circumstances. Commissions, trailing commissions, management fees and expenses all may be associated with ETF & mutual fund investments. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns. ETF’s & Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Please read the prospectus before investing. The views expressed in this message are not necessarily the views of Investia Financial. Exchange traded funds, mutual funds and exempt market products are offered through Investia Financial Services Inc.

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Hans started with the firm in 2016 providing clients with fee-based investment advice, tax planning, estate planning, risk optimization and life insurance advice. He is also currently working towards his CFP designation. Hans’s structured and functional approach ensures his clients are looked after with the utmost care while building wealth and minimizing taxes.
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