GREAT-WEST LIFECO (GWO) Stocks

ABOUT GREAT-WEST LIFECO

Great-West Lifeco Inc. is a financial service holding company which operates life insurance, health insurance, investment and retirement savings, and reinsurance businesses. The company serves Canada and the United States, and Europe and Asia through five wholly owned, regionally focused subsidiaries.

Its largest subsidiary is The Great-West Life Assurance Company; with Great West Life & Annuities Financial Inc and Putnam Investments, LLC managed by US based subsidiary Great-West Lifeco US Inc. (The hyphen in the company’s name was originally a typesetter’s error.)

The company originated in 1874 in Hamilton, Ontario through subsidiary Canada Life (then known as Canada Life Assurance Company) and The Great-West Life Assurance Company began in 1891 in Winnipeg. Its head office is still in Winnipeg.

OVERVIEW OF GREAT-WEST LIFECO

• Great-West Lifeco Inc. has more than 24 000 full time employees. The company offers financial solutions for individuals, families, businesses, and organisations. Its insurance products cover life, disability, critical illness, accidental death, dismemberment, dental protection, direct marketing, creditor insurance, wealth savings and income and annuity.

• It provides employer-sponsored retirement savings plans, individual retirement accounts, enrolment services, communication materials, investment options, and education services.

• Products are offered under various brand names, like Great-West Life, London Life, Canada Life, Freedom 55 Financial, Irish Life, Great-West Financial, Empower Retirement, Putnam Investments, and PanAgora.

VISION & VALUES OF GREAT-WEST LIFECO

• Great-West Lifeco Inc. beliefs that responsible and ethical management is essential to long-term profitability and value creation. In addition to meeting the ethical standards set out in its Code of Conduct, they strive to support and respect the protection of internationally proclaimed human rights; meet its responsibilities to minimise its environmental impact; and make a positive contribution in the communities where they are established.
• Great-West Lifeco Inc. adheres to its value chain to ensure the organisation reaches its goals set to meet the current and future needs of customers and maximises returns, income growth and capital appreciation for shareholders who purchase shares with them.

MARKET PERFORMANCE OF GREAT-WEST LIFECO

• Great-West Lifeco Inc.’s shares are traded on the Toronto Stock Exchange (TSX) under the stock symbol GWO listed in the Financial, Insurance sector.

• Highlights of the company’s performance in 2019 include net earnings attributable to common shareholders of US Dollar 730 million for the third quarter of 2019 compared to US Dollar 689 million for the same quarter last year.

• Sales were up 22% to US Dollar 41.9 billion. Adjusted return on equity, which excludes the net charge of US Dollar 199 million relating to the U.S. sale in the second quarter of 2019, was 13.4% for the third quarter of 2019. It had consolidated assets of US Dollar 1.6 trillion under administration.

• Due to Great-West Lifeco Inc.’s continued performance on this market shareholders can buy or sell shares with confidence and expect sound dividends and returns in 2019 and further.

Buy GREAT-WEST LIFECO stocks / shares – A Step by Step Guide how to Buy / Purchase GREAT-WEST LIFECO Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy GREAT-WEST LIFECO Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN GREAT-WEST LIFECO STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE GREAT-WEST LIFECO STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of GREAT-WEST LIFECO stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

1. Is it the best time to buy this stock / share?
2. Should I buy GREAT-WEST LIFECO stocks / shares in the current economic climate?
3. Can I afford to buy this stock / share?
4. What is the forecast of the stock / share growth?
5. What is the current price per earning ration on the stock / share?