While there are only two trading days left in 2024, it is clear that it is another year that fooled everyone. The year 2023 fooled economists and market prognosticators with U.S. stocks up over 26% in U.S. Dollars (and up more in Canadian Dollars). 2024 is shaping up as a carbon copy in performance and […]
Economists exist to make astrologists look good, on the Sunday Reads.
Warren Buffett (the world’s greatest investor) once exclaimed that ‘if your company has an economist on the payroll it has one too many employees’. And of course you can look to the headline of this post for another telling description of the use of economics in making investment decisions. We can put any ‘market guesser’ […]
Canada makes the cut on the Sunday Reads.
The Bank of Canada made another big 50 bps (0.50%) rate cut this past Wednesday. Our economy is weak (to be kind), and massive numbers of mortgage holders will face a rate reset in 2025 and 2026. We can’t afford any additional weakness that rate cuts are designed to create. Inflation is well under control […]
Canadian banks’ mixed bag of earnings on the Sunday Reads.
It’s the Stanley Cup playoffs for Canadian investors. It was Canadian bank earnings week. The Canadian banks have been on a terrific run, playing catch up after underperforming the TSX Composite in 2022 and 2023. It was a mixed bag of returns this past week. Mostly, team Green (TD Bank) was in the red, while […]
We’re selling shares to create retirement income on the Sunday Reads.
You gotta sell shares to not sell yourself short. Oh, the irony. This week I published a very popular (and unpopular) post on Seeking Alpha. The post showed how a retiree could greatly increase their income by selling shares of the popular ETF – Schwab’s SCHD. A retiree might boost the spend rate by 30% […]
Don’t be afraid to take profits, on the Sunday Reads.
Hit that sell button. It’s not hard. It is likely a good portfolio move whether you are in the accumulation stage, nearing retirement or currently enjoying retirement. Of course, to rebalance your portfolio you have sell and you have to buy. Diversification is the only free lunch when it comes to investing. To remain sensibly […]