By Ernest Wong|2019-03-19T09:32:54-04:00March 18th, 2019|
During Outlook 2019, Baskin Wealth’s president David Baskin discussed the benefits of investing outside of North America. Since then, there has been some confusion surrounding our perceived lack of progress in this initiative, so this blog will provide an update on our efforts in this area.
Given the disappointing stock market finish to 2018, it isn’t easy to find a silver lining. Few clients want to hear that when stocks go down it gives them the opportunity to buy more at a cheaper price.
Barry Schwartz, chief investment officer and portfolio manager at Baskin Wealth Management, says increased globalization of stock markets means markets around the world are now "super correlated" and investing in different markets is not a good way to reduce risk.
Barry Schwartz, chief investment and portfolio manager at Baskin Wealth Management, explains why he's been increasing client exposure to travel stocks such as Delta Airlines, Hyatt, Disney and Booking.com.