Most investors do not like volatility. They do not like looking at their investment account balance observing that they’ve ‘lost money’. Of course, you have not lost money until you buy an asset at a certain price and then sell at a lower price. You’ve then just realized your losses. You have not lost money […]
What is the cost of your Canadian home bias?
Investors around the globe are known to invest ‘too much’ of their portfolio in their home country. It is called a home bias. Canadian investors are guilty of that home bias. Many estimates suggest that Canadians hold about 60% of their portfolio assets in Canada. Meanwhile Canadian stock markets only represent about 3% of the […]
Drug makers say that COVID-19 vaccines are still 3-4 years away. Stock markets continue to fall.
This would be the headline today if the ‘normal’ path of vaccine development had played out. While I am guessing on the response from investors and stock markets, I think it’s a good guess that stock markets would offer significant corrections if we knew that we would be in the grip of the first modern […]
Was the F.I.R.E. movement doused by the pandemic?
F.I.R.E is an acronym for Financial Independence Retire Early. It is a very popular movement that gets a lot of attention in the blogosphere and on social media. The idea is to eat excess amounts of ramen noodles, squeeze your budget until it squeals, save 90% of your income, invest like crazy in an all-stock […]
What’s an investor to do when holding too much cash?
I’d have to say that when I was an investment advisor at Tangerine Investments it was one of the most common queries. Investors were holding too much cash for a myriad of reasons. What’s an investor to do when holding too much cash? I received this question again, from a reader this week. So, how […]
What’s in the Big Bear Portfolio?
Canadian economist David Rosenberg is known as a perpetual bear. That framing is a little unkind. Let’s just say Mr. Rosenberg is always cautious and is more than aware of the many risks. But certainly he will dwell or concentrate on those risks. We might think that it is the job of the economist to […]