I am risk averse when it comes to stock selection. Stocks that have a wide moat or operate in an oligopoly sector, sign me up. And I’ll invest in a fewer number of stocks as the number of wide moat and moat stocks is a select list. It is counterintuitive to many to suggest that […]
The Permanent Portfolio.
The traditional balanced portfolio is built for the current economic environment. It is built upon the premise, or guess, that we will remain in a disinflationary environment. It is all that today’s investor has known. In a disinflationary environment US and Canadian stocks and other developed markets perform well. US and Canadian bonds perform well. […]
The Canadian Dollar and your portfolio.
It looks like the Canadian Dollar is still considered a petrodollar. That is, our dollar is tied to resources and more specifically, oil and gas prices. The price of oil is on a massive run, and the Canadian dollar is going along for the ride. Most Canadian investors will hold US stocks and other US-priced […]
Investing in bitcoin is a no-brainer.
In the Fall of 2020 I initiated a position in bitcoin by way of a closed end fund from 3iQ Digital Asset Management. The initial purchase created a 2.5% portfolio weighting. The explosive price increase quickly took me above my target of a 5% portfolio weighting. I am embracing bitcoin as a core portfolio asset. It […]
A look at iShares High Dividend ETF, XEI. Built for the Great Recovery.
Spring is in the air (in some parts of Canada, and certainly in much of the US). Vaccines are going into arms. More lockdowns are being lifted. Jobs are being created well beyond expectations. Economic growth is ready to flourish. Planes are ready to take off. Hotels and resorts can’t wait to welcome you, almost […]
Everybody hates bonds, on Weekend Reads.
It was a few years ago that I suggested that “the greatest threat to stocks is bonds”. Bonds are starting to follow through with that threat, taking down the stock markets. And they have a peculiar taste for US stocks, and high flying US tech stocks in particular. It’s just more than increasing bond yields […]