The Wall Street Journal offers that the magnificent 7 are so last year. Cash cows are the new Kings. A WSJ article looks at ETFs that seek out the most cash flow rich companies. Free cash flow is generally defined as money left over after expenses and capital expenditures that a company can return to […]
Slanting / to more value stocks on the Sunday Reads.
The U.S. stock market is just dang expensive. There’s just no other way to say it. The trailing PE ratio is over 30. The only other time it was this expensive was during the financial crisis of 2008-2009 and the dot com crash of the early 2000s. The cyclically-adjusted CAPE ratio sits near 38. Once […]
Our U.S. stock portfolio, 10 years after on the Sunday Reads.
It was 10 years ago that I cut ties to our U.S. equity ETFs and purchased 15 of the largest cap stocks in the Dividend Achievers Index. Those 15 stocks were teamed up with three existing holdings – Apple, Berkshire Hathaway and BlackRock. The Achievers Index is available by way of Vanguard’s ETF – ticker […]
Investing in Canadian stocks as Canada comes under attack.
U.S. President elect, Donald Trump, has strongly suggested that he’d like to acquire Canada as the 51st State. It is ridiculous, but he is dead serious. And to get the ‘deal’ done he will wage economic war against Canada. He’s ruled out a military invasion, for now (see below). Also, Canada is in a per-capita […]
Hello 2025 – Investing in the zero visibility age on the Sunday Reads.
While there are only two trading days left in 2024, it is clear that it is another year that fooled everyone. The year 2023 fooled economists and market prognosticators with U.S. stocks up over 26% in U.S. Dollars (and up more in Canadian Dollars). 2024 is shaping up as a carbon copy in performance and […]
Canadian banks’ mixed bag of earnings on the Sunday Reads.
It’s the Stanley Cup playoffs for Canadian investors. It was Canadian bank earnings week. The Canadian banks have been on a terrific run, playing catch up after underperforming the TSX Composite in 2022 and 2023. It was a mixed bag of returns this past week. Mostly, team Green (TD Bank) was in the red, while […]