The Wutherich & Co. Composite\u00a0was down 9.0% in January. This compares with the S&P\/TSX being down 0.4%.<\/span><\/p>\n Yes, down 9%. Russia, Covid, inflation, interest rates and the supply chain are all impacting the market. Covid and the supply chain are having specific impacts on some of our companies, often more so than expected. When this has happened, their stock prices have reacted violently. While some of these impacts are, no doubt significant, I don\u2019t believe that they will permanently impair these companies. For now, we are happy to be patient and see how they work themselves out of their current challenges. Outside of Armageddon, we still see the potential for very good long-term price appreciation for our portfolio, with a 2.5% dividend yield to boot.<\/p>\n It is RRSP season and we strongly recommend that our clients look at their portfolios and make contributions where they feel they are appropriate.<\/p>\n Lastly, we would like to send out a heartfelt\u00a0Thank You!<\/strong>\u00a0to all that attended our\u00a0Wutherich & Co. Annual Update<\/strong>\u00a0held on\u00a0January 26, 2022<\/strong>.<\/p>\n