Monthly Newsletter – April 2023
Many of our clients and, for that matter, many people in general, are asking important questions like – Will there be a recession or, when will interest rates start to come down? These are important and the answers will certainly be important in determining how well an investment portfolio will do in 2023, however, the answers are highly uncertain. In this month’s newsletter, David argues that there is another question that is more important in terms of managing your investments can be answered with a higher degree of certainty.
Monthly Newsletter – March 2023
Like you, I am carrying nicely printed pieces of plastic in my wallet. The green ones are “worth” $20. Well, that is to say, you can exchange them for $20 of other stuff; and you can pay your taxes with them. The value of the plastic, as plastic, is of course pretty much zero. It was not always this way with money. David explains these in this month’s newsletter.
Monthly Newsletter – February 2023
Investing using an Exchange Traded Fund (ETF) certainly can be compelling for several reasons. However, for high-net-worth investors, there are at least 4 good reasons why owning the individual stocks may be a better approach. David explains these in this month’s newsletter.
Monthly Newsletter – January 2023
Why are the central bankers still raising rates? In this month’s newsletter, David explains that this is likely because the tools they are using are incredibly complicated to interpret and are perhaps not as relevant in today’s environment. As such, our focus will always be on the companies we own, and less about what the sometimes confused central bankers might do next.
Monthly Newsletter – December 2022
The phrase “annus horribilis” was used some 30 years ago by Queen Elizabeth II to describe an awful year for her family but, for several reason, it is an apt description of 2022. In our year end newsletter, David recaps why it was such a bad year but also offers some optimism for 2023.
Monthly Newsletter – November 2022
“Titan” by Ron Chernow is a titanic book about John D. Rockefeller, the richest man in the world 100 year ago. David recently waded through the 800 pages and found that it painted a terrific portrait of a very unusual man, and a very unusual period in American history. He found that there are lots of lessons to be learned from his life, and many of them seem particularly relevant right now.
Monthly Newsletter – October 2022
The big tech stocks, often referred to as "FAANG", that were the darlings over the past decade, have had a tough year so far. In this month's newsletter, Ernest Wong and David Baskin argue that it is not yet time give up on them.
Monthly Newsletter – September 2022
Sometimes one of the hardest things in the world to do is nothing. This is most particularly the case when we are fearful. Our bodies evolved a very deep-seated “fight or flight” mechanism to keep us safe.
Monthly Newsletter – August 2022
For the first time in over a decade, the Canadian 5-year bond has a yield of over 3%. In this month’s article, David analyzes what substantially higher interest rates mean for both savers and borrowers, as well as the impact of inflation.