This defensive sector has seen better days, but thanks to increased demand, the prospect of rate cuts and the surprising benefit of AI (Artificial Intelligence), the utilities sector is on fire. In the U.S., utilities is the top performing sector in 2024. And we’ll include the Canadian pipelines as quasi utilities as they often include […]
Berkshire and Warren Buffett on the Sunday Reads.
Berkshire Hathaway is led by the greatest investor of all time – Warren Buffett. This weekend offered the Superbowl of investing events, the Berkshire Hathaway annual meeting. Shareholders (many multi, multi millionaires) and worshippers flock to Omaha, Nebraska to take in the musings of the Oracle of Omaha. It’s Woodstock for capitalists with Berkshire and […]
How much do you need to invest to become a millionaire?
There was a time when becoming a millionaire was a big deal. That meant that you were “rich”. These days, becoming a millionaire might be commonplace for an investor with modest or reasonable free cash flow to invest. Most of us should become “rich”. But of course, a million dollars ain’t what it used to […]
Using your TFSA to pay off the mortgage, on the Sunday Reads.
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 […]