Cutting Through the Noise
December 8, 2009
When I was working at Richardson Greenshields in the 80’s, my partners and I watched as all of our big competitors got bought up by the banks – Gundy went to CIBC, DS to Royal, McLeod to Scotia and Nesbitt to BMO. As one of the largest independents left...
Read MoreDecember 3, 2009
Chris, Sher and I were out meeting prospective clients last week and there were a few questions/concerns that came up over and over again. For the most part we have discussed them in the blog, but it struck me that we could be more direct in...
Read MoreDecember 2, 2009
If this month is like previous years, the content in the business publications and industry research will get less and less relevant as we move towards the New Year. Around Christmas the papers and on-line sources will be peppered with fluffy year-end pieces...
Read MoreNovember 28, 2009
Note to reader: I have an axe to grind. I own and operate a low-cost mutual fund company – and I'm hopping mad about the HST. The impact of Ontario and British Columbia's harmonized sales tax will be negative for investors. No matter who you...
Read MoreNovember 26, 2009
Tom will be on Business News Network (BNN) tomorrow morning (November 27th) from 9-10 AM eastern time. He’ll be sitting in with Marty Cej and Frances Horodelski on Market Morning. Black Friday just got a whole lot brighter...
Read MoreNovember 23, 2009
Recent data out of the U.S. suggests that American retail (individual) investors have been watching the stock market rally from the sidelines. According to a report by Morningstar USA, investors have pulled an estimated $4.4 billion out of U.S. equity funds so far this...
Read MoreNovember 19, 2009
In my recent article, The Party is Rolling Again, so be Cautious, I throw a little cold water on the market rally we’re enjoying. I think it’s important to reiterate how a view like this relates to an investor’s asset mix. The key line in the article is near the end – “I've...
Read MoreNovember 18, 2009
Invesco Trimark announced this week that it is offering a new series of mutual funds based on existing exchange traded funds (ETFs) offered by an affiliated company, U.S.-based PowerShares (both companies are owned by the asset management...
Read MoreNovember 16, 2009
From: jsmith@mega-bank.com. To: NewProductCommittee@mega-bank.com. Date: Mon 11/16/2009 1:08 AM Subject: This Year’s Meal Ticket. Just woke up with a brilliant idea!! I’m putting it in an email while the juices are flowing. Still working on the name...
Read MoreNovember 15, 2009
Here I go again. Just when everyone is starting to enjoy themselves, I'm getting uneasy. It's time for investors to temper their expectations for returns and prepare for some bumps in the road. This doesn't mean the cycle isn't playing out as it should. The...
Read MoreNovember 12, 2009
The manager of our Global Equity Fund, Edinburgh Partners Ltd. (EPL), has had a personnel change that is of interest to Steadyhand clients. Christine Montgomery has left EPL and joined another firm in Edinburgh, Martin Currie. While the firms are comparable...
Read MoreNovember 10, 2009
In the Economics Focus column in the October 31st Economist magazine, the question is asked, “Why are the banks so averse to raising equity?” It’s a great question, particularly in the aftermath of last year’s worldwide banking meltdown. It has been a...
Read MoreNovember 4, 2009
Housing stocks make me squeamish. It was painful to watch them fall like a rock over the last couple of years as the U.S. real estate market imploded. A number of companies faced bankruptcy or saw their share prices slashed due to stretched balance sheets...
Read MoreNovember 1, 2009
When you're trick or treating, keep an eye out for mutual funds dressed up as closed-end funds. The latest innovation to take hold in the Canadian wealth management industry is “closed-until-open” funds. There has been a wave of new offerings that...
Read MoreOctober 30, 2009
We could’ve had some fun with a list of the scariest Halloween costumes this year. Bernie Madoff, Allen Stanford and Jon & Kate come to mind. But we thought it would be more educational, and just as fun, to highlight some of this year’s scariest investments...
Read MoreOctober 29, 2009
In a recent article written about Steadyhand titled "Mischievous Strangers and a Steadyhand", Karin Mizgala draws a connection between Tom Bradley and Charles Dickens. Very flattering. Especially when compared to some of the other comparisons...
Read MoreOctober 28, 2009
Quick. It’s February 28th, 2010. The Olympics are just ending and you have to make a last minute RRSP contribution. What would you do? Five seconds. Four. Three. Two. One. Time is up. OK. If you answered: Put it in the Money Market Fund and think about...
Read MoreOctober 26, 2009
The preacher: Tim Price, Director of Investment at PFP Wealth Management in the U.K. The converted: Steadyhand, Manager of the ‘undex’ funds. As noted in previous posts, I enjoy reading Mr. Price’s weekly note. He challenges the conventional thinking that...
Read MoreOctober 22, 2009
I’ve had lots of feedback on a posting I did on Balanced Funds – some as comments on the blog and other as feedback to me directly. A comment from a reader aptly named You Missed The Point said, “A good balanced fund with low fees and experienced with...
Read MoreOctober 20, 2009
Tom recently sat down with Larry Lunn, the Chairman and founder of Connor, Clark & Lunn (CC&L), to talk shop. At the front end of the podcast, Larry discusses where we are in the economic recovery and his view on [the hot topic of] inflation. He then addresses...
Read MoreOctober 18, 2009
Tom was on Business News Network (BNN) on Friday talking about finding a balance between domestic and foreign investments (his Saturday Globe column focuses on the same topic). Canadian investors have an emphasis on Canadian securities...
Read MoreOctober 18, 2009
Oh Canada! In the constant debate about whether this rally is for real or not, there is an underlying subtext. It relates to how much emphasis investors should put on Canada. In the discussion, there are many who are asking the question, why bother putting...
Read MoreOctober 9, 2009
In this podcast, Tom and I review the third quarter of 2009. It was another strong period for equities. U.S. stocks posted their best quarter in a decade, while the TSX and many overseas markets posted double-digit returns. A rising loonie negatively impacted...
Read MoreOctober 6, 2009
In her Mutual Fund column in the October MoneySense magazine, Suzane Abboud looked at what balanced funds did through the market crisis, specifically how they managed their asset mix. A big part of the reason for owning a balanced fund is...
Read MoreOctober 3, 2009
One of the really fun events on the Street is the “Up the Down Market” dinner held annually in Vancouver, Calgary, Toronto and Montreal in support of the Down Syndrome Research Foundation. The focus of the evening is a game based on a stock market...
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