Monthly Newsletter – June 2023

By |Jul 5th, 2023|

In our newsletter this month we have a double shot from David to supplement your summer reading. In the first article, he discusses the significance of the recent milestone of 40 million people now in Canada and the importance of continued immigration to our long-term prosperity. The bonus content outlines why the summer economic recession has not happened, concluding with his best advice to clients.

Monthly Newsletter – May 2023

By |Jun 1st, 2023|

The good news – on average, we are living longer and healthier lives. On the flip side – we need our savings to last as long as we do meaning we may need more. How long we live is one of the key determinants of how much savings are required to maintain our lifestyle in retirement but there are others that are equally important. In this month’s newsletter, David outlines these and explains how we work with our clients to increase the likelihood of achieving their goals.

Monthly Newsletter – April 2023

By |May 3rd, 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

By |Apr 3rd, 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

By |Mar 1st, 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

By |Feb 2nd, 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

By |Jan 5th, 2023|

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

By |Dec 5th, 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 – September 2022

By |Oct 4th, 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

By |Sep 1st, 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.

Monthly Newsletter – July 2022

By |Aug 4th, 2022|

We wrote last month that much of the hoped-for recovery would depend on earnings reports for the 2nd quarter, and the forecasts that companies would make about the outlook for the second half of the year. We are happy to say: so far, so good. David analyzes the strong month of July in this quarter’s newsletter.

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