Last Sunday the headline suggested that banks were breaking in the U.S. And as J.P. Morgan chief economist Michael Feroli said this week: “There’s an old saying: Whenever the Fed hits the brakes, someone goes through the windshield.” There was more windshield hitting as the week progressed. And as was suggested in the Globe & […]
Using defensive sector ETFs for the Canadian retirement portfolio.
In a recent post we saw that the defensive sectors were twice as effective as a balanced portfolio moving through and beyond the great financial crisis. The financial crisis was the bank -failure-inspired recession and market correction of 2008-2009 and beyond. It was the worst correction since the dot com crash of the early 2000’s. […]
U.S. banks are breaking on the Sunday Reads.
On Friday, due to a sudden increase in deposit outflows and a failed attempt to raise equity, Silicon Valley Bank was shut down by US regulators. It’s called a bank run. Depositors literally “run” to the bank to take out their money. It might be a little faster these days in the digital age. How […]
Warren Buffett calls 2022 a good year for Berkshire on the Sunday Reads.
Many investors look forward to the annual letter from Warren Buffett. On Saturday, Berkshire Hathaway reported earnings and Mr. Buffett offered commentary and delivered his annual letter to shareholders. The company reported record operating profits and also beat the market handily in 2022. Fearing a recession in 2023, more investors put their trust (and money) […]
Canadian pipeline stocks in focus on the Sunday Reads.
Canadian investors love their pipeline and utility stocks. And mostly, they like the big (and mostly growing dividends). We might consider the stocks as bond proxies. And certainly some capital gains can come along for the ride. I have seen recent reports suggesting that the dividends are not safe in the pipeline space. There can […]
Defensive sectors for retirement.
Defense wins championships say many sports commentators. Defense can be a big winner for retirees as well. In fact, from the massive correction known as the financial crisis (2008-2009 and beyond) using defensive sectors was twice as effective as using bonds. Then, factor in the generous and growing dividends that Canadian retirees embrace, and we […]