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Insights & Media2024-03-13T16:20:08-04:00

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Fun with numbers – should you realize capital gains and pay taxes early?

By |Apr 22nd, 2024|

It turns out that, as with most things involving taxes, it is complicated. Much depends on how old you are, whether you want to hold the stocks you might sell for a long time, how high the dividend is on the stock, and how well or poorly the stock market will do in the future. In order to assist in decision making, here is a numerical example.

Cash Isn’t Trash Any More

By |Mar 31st, 2024|

David discusses the current investment landscape where Government of Canada bonds offer over 5% returns, contrasting sharply with the low rates of the past decade. While these higher rates may now persist for longer than expected, for the long-term investor, he argues that cash is not a good portfolio asset and that we have never been fans of market timing. So, unless there is a short-term need, such as an upcoming expenditure, best to stay invested.

an ernest opinion

What I’m watching from first quarter earnings

By |May 1st, 2024|

Beyond looking at reported macroeconomic figures from the Federal Reserve or the US Bureau of Labor, individual company results can provide an alternative gauge of the economy and business sentiment. Our portfolio companies tend to be leaders in their respective industries, and therefore give good insight into various dynamics at play within their various sectors.

What to do when a stock doesn’t work

By |Oct 4th, 2023|

Legendary investor Warren Buffett famously said that his favorite holding period is forever. Our aim at Baskin Wealth Management is to replicate this by owning great businesses managed by skilled & honest CEOs, and then sit back and let these [...]

How Patrick Doyle Can Fix Restaurant Brands

By |Jun 20th, 2023|

Last November, shares of Restaurant Brands International, the parent company of Tim Hortons, Burger King, and Popeyes, shot up on the announcement that Patrick Doyle would be the incoming Executive Chairman. The market’s enthusiasm is well founded: Doyle is best known for leading the turnaround of Domino’s Pizza as CEO from 2010 to 2018 with Domino’s Pizza being the #1 performing stock in the S&P 500 during that time.

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Outlook

Monthly Newsletter – June 2024

By |Jul 3rd, 2024|

Now that hockey and the Blue Jays are done for the year, Canadians can return to a discussion of their favourite topic - real estate. The cost of shelter, be it buying a house or a condo, or renting a property, is very high. For the younger generation, they are wondering whether they can afford to buy while for those in the later stage of life, the question is whether to stay in their family home, buy a smaller house or condo, or perhaps rent. In this months newsletter, David focuses on the latter scenario, outlining some of the pros and cons of the different options.

Monthly Newsletter – May 2024

By |Jun 4th, 2024|

In this months newsletter, David discusses how the pandemic has reshaped the commercial real estate landscape. From abandoned office buildings to repurposed spaces, city cores have been transformed and how and when this will be resolved is unknown. This completely unexpected turn of events, along with a number of other pandemic related investment trends that came and went, reinforced how complex markets can be from which he concludes that investing is about looking for quality, not headlines.

Monthly Newsletter – April 2024

By |May 2nd, 2024|

"One Up on Wall Street" by Peter Lynch advocates for the investment strategy of buying what you know, emphasizing personal observations over traditional financial analysis. David’s newsletter discusses how Canadians tend to invest heavily in domestic companies due to familiarity, despite the risks of home market bias. He highlights the under-performance of the Canadian equity market compared to global markets, attributing it to factors like scale, sector concentration, and lack of international investor interest. Despite these challenges, there are reasons for Canadians to hold domestic stocks such as tax benefits and currency risk mitigation. At Baskin Wealth Management, we will always be investors in Canadian stocks but we have been increasing investments in non-Canadian stocks.

Wealth management

New and Improved – Savings plans get even better

By |Feb 8th, 2023|

The past year has seen the addition of a new registered plan aiming to help first-time home buyers, as well as increased annual contribution limits for both the Tax Free Savings Account and the Registered Retirement Savings Plan driven by inflation. In light of these changes, this article will provide an update of the various registered savings plans available in Canada.

Getting Wealthy and Staying Wealthy

By |Jul 26th, 2022|

Everyone worries about money. Daniel Kahneman, a behavioural economist and winner of the Nobel in economic science once said “Money does not buy you happiness, but lack of money certainly buys you misery”. Money worries are the greatest source of stress, more than work, personal health and relationships.

Don’t Hesitate; Just Designate

By |Jun 14th, 2022|

Designating a beneficiary on your registered accounts is one of the most important decisions in estate planning. By designating a beneficiary, you inform the financial institution of your plans for your estate after your death. While it is a simple act requiring little in the way of paperwork, it can do a great deal of heavy lifting in establishing your wishes for your estate and ensuring your assets are distributed according to your wishes when you die.

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