Blog
Oh Canada. Why is your Stock market so bad?
About 8 years ago, on September 30, 2010, the TSX Index closed at 12,369. As I write today it is at 16,217, a gain of 31.1% or 3.44% per year compounded over the period. Add in dividends and the gain per year is around 6%. Not horrible, and certainly better than bonds, which yielded less than 2% over the same time span. However, when we look at the performance of the main U.S. index, the S&P 500, we start to understand how poorly the Canadian stock market has performed.
Don’t be Caught Off-Balance
On Wednesday, August 23, 2018, the S&P 500 set the record for the longest bull market rally in history. A bull market is identified as the consistent rise of a stock index without falling more than 20%. The last time the S&P 500 fell 20% from its high was in 2009—during the worst financial crisis since the Great Depression; some even thought the financial world was going to end.
Robots Don’t Hold hands
Twenty-six years ago when I started managing money I thought the business was all about returns. Boy, was I ever wrong. With the benefit of a lot of experience and the things learned from more than a few mistakes, I now understand that being an effective wealth management firm requires us to be managers of much more than money.
Media Appearances
Barry Schwartz on BNN – Stock Comments
Apple DowDuPont TMX Group Power Corp Bar Pizza Pizza Empire Cineplex Dollarama Morguard [...]
Barry Schwartz on BNN – Market Outlook
Barry Schwartz provides his market outlook.
Barry Schwartz on BNN – Top Picks & Past Picks
Barry Schwartz discusses his top & past picks.
Latest News
The Next Recession is Coming. We Have No Idea When.
One of the great goals of economics, ever since the discipline was founded, has been to abolish the business cycle. Economic booms followed by recessions have always been a regular, if unpleasant, feature of life. In the past 90 years there have been at least two global great recessions, and in North America at least 13 other significant recessions. (A recession is a period in which the economy contracts significantly for at least two quarters in a row). On average, there has been a recession, be it great or small, once every six or seven years.
2018 Federal Budget – Private Companies
In an open letter to clients of Baskin, David outlines his concerns with the possible tax changes affecting private companies in the recent Federal Budget.
Outlook 2018 – Is this as good as it gets?
On November 1st, 2017, David Baskin, Barry Schwartz and Scott Mazi of Baskin Wealth Management delivered their Outlook 2018 to clients at the Westin Prince Hotel in Toronto.