Our speaker tonight was Tom Dusmet who gave his classification talk.
 

Tom has been an Investment Advisoris  with BMO Nesbitt Burns for almost 14 years and brings many years of business acumen to his practice in the investment industry. He manages a conservative business consisting mostly of stocks, bonds, mutual funds, as well as managed solutions.  

As a Certified Financial Planner, Tom looks at the "whole financial picture", to develop the tax-efficient, Life and Estate Planning that people need to achieve complete financial well-being.

 He is a major part of the Self Dusmet Group which was formed in 2007 to provide exceptional support and service to their clients. 

Their process is a two-way partnership. They first must listen to  adn understand what people really need and then they are able to help them.

In addition to a hand-out about his team (the "boring stuff") Tom gave us two graphs showing (1) the Dow Jones Industrial fom 1915 to the present and (2) the DJI relative to CPI. He talked about 1932 when the Dow went from 900 to 40 and through the years 1964-1978  where nothing really happened. We discussed mortgage rates from the early 1970s when the rate was 4% to 1982 when the rate was 19%.

Tom's advice for the volatile times like these was 'asset reallocation' - moving assets as the conditons change. You can do this yourself, or rather have a dedicated professional like Tom work on your behalf.

Tom went to University in Manchester , UK , at U.M.I.S.T. where he studied Polymer Physics.  His first job out of University was with a plastics moulding company in Cirencester, in the lab.  That did not last long as the Marketing manager discovered he spoke French, German and Italian and wanted him in sales.  After working 4 years in Britain , Tom immigrated to Canada to pursue "the Canadian Dream".

Tom's past business activities in Canada have included running the Canadian roofing products distribution operation for Nord Bitumi, a US company, and before that, Technical Director of Curwood Packaging, a Bemis company.  This was preceded by technical sales roles for Bay Mills (now St Gobain) and before that with Nacan Products Ltd, an adhesives manufacturer, his first job in Canada (starting in 1982, when he arrived from Britain ).

   

In his spare time, Tom loves tinkering with cars and construction; also, he and his family have been very active in his local community through the Rotary Club of Milton and more recently the Rotary Club of Mississauga-Dixie. When they can, Tom, his wife Shirley and 2 daughters (one of whom is currently at the beginning of her Youth Exchange year)enjoy doing things together, like traveling and skiing.

 

Tom was thanked by Bill, and we are especially appreciative as Tom stepped in at the last minute when the scheduled speaker cancelled.