Many Canadian homeowners are about to face the big fixed rate reset. Of the $2 trillion in outstanding mortgage debt, only 5% came up for renewal in 2023. The bulk of the rate reset will arrive in 2025, 2026 and 2027. The popular 5-year fixed rate mortgages will come up for renewal. Many households will […]
Hanging up on half of my Bell stock on the Sunday Reads.
Goodbye Bell. You can’t hurt me anymore. In my first major sell in about a decade I greatly trimmed by position in Bell (BCE). I am a buy and hold investor. I am more passive than a passive index. But when an investment thesis changes, I’ll make a change. The rules changed for Bell and […]
Paying total fees that eclipse your portfolio value on the Sunday Reads.
While many were watching the solar eclipse this past week, I had my eyes on Canadian mutual fund fees that can eclipse the peak value of your portfolio. That is celestially incredilbe. Or incredibly troubling that is. Those high fees can block out your portfolio returns. But most Canadians are in the dark with respect […]
Checking in on your asset allocation on the Sunday Reads.
‘Diversification is the only free lunch’ is a common investing notion. We manage the sector, geographic, currency risks and volatility (to name a few). Our asset allocation decisions mostly determine our returns and our portfolio volatility. Our key decision will be our ratio of stocks (growth) vs bonds (defense). And then, where do we get […]
The best first quarter since 2019. Plus, the Sunday Reads.
It was a wonderful quarter for U.S. stocks. In fact, the S&P 500 index rose 10.2% during the first three months of the year, its best first-quarter performance since 2019. The Dow Jones Industrial Average and the Nasdaq Composite gained 5.6% and 9.1%, respectively. Canadian and International stocks also pitched in with a strong quarter. […]
Canadian stocks are better than you think on the Sunday Reads
For all of the headwinds and bad press for the Canadian economy, you’d think that the stock market was in a tailspin. But surprisingly, that’s not the case. The TSX Composite and TSX 60 are threatening to make new highs, eh. That’s as U.S. stocks make new high after new high. Given that, balanced portfolios […]