Cutting Through the Noise
June 26, 2008
This week RBC/PH&N announced they are reducing their management fees. Eight of the funds that are sold directly to investors are affected. This good news comes from the dynamic duo of low fee mutual funds. PH&N has been a leader ...
Read MoreJune 20, 2008
For a firm that prides itself in being transparent, we have been slow in clarifying our message on fees. There are two questions that come up often, that we can address more clearly. Before I do that, however, I should ...
Read MoreJune 18, 2008
I recently received the following note from an investor: Mr. Bradley – your individual fund financial objectives, the managers, marketing approach, desire to make clarity vs. fund chaos/greed/conformity an objective, and an eMail approach to quarterly/annual data, as so clearly explained ...
Read MoreJune 18, 2008
We’ve had a handful of new clients recently that brought money to Steadyhand as a result of a real estate sale. The conversations have been interesting and got me thinking. A majority of the talk has been around asset mix. What makes ...
Read MoreJune 16, 2008
The Globe and Mail, Report on Business Published June 14, 2008 We can't go anywhere or do anything without feeling the impact of high oil prices. It is the topic du jour and we are at the stage where every ...
Read MoreJune 13, 2008
Will a collection of hedge funds beat the S&P 500 over the next 10 years? Warren Buffett doesn’t think so. And he’s willing to bet on it, to the tune of a million bucks. Buffett put his own cash on ...
Read MoreJune 9, 2008
Christine Montgomery and Cathy Alsop from Edinburgh Partners Limited (EPL) were in Vancouver this week to meet with our clients and other interested investors. Christine manages our Global Equity Fund. With Canadian dollar returns from foreign funds being poor for ...
Read MoreJune 9, 2008
Edinburgh Partners' Christine Montgomery was in town last week to present on the Global Equity Fund. Tom also had a chance to sit down with her to discuss the fund's performance and some of the investment strategies that our Scottish partners are pursuing.
Read MoreJune 5, 2008
Why do active managers find the S&P 500 so hard to beat? In his book More Than You Know – Finding Financial Wisdom In Unconventional Places , Michael Mauboussin takes a different approach to the question. He starts by assessing ...
Read MoreJune 3, 2008
I had some interesting feedback on my Saturday column on Francis Chou . The volume of emails was not noteworthy, but the diversity of views and the temperature level had the widest range I’ve experienced. There were a few investors ...
Read MoreJune 2, 2008
The Globe and Mail, Report on Business Published May 31, 2008 I grumbled as I read Rob Carrick's profile on Francis Chou in the latest issue of Globe Investor magazine. He beat me to it. I had visited Francis a ...
Read MoreMay 28, 2008
We’ve had great reaction to The Steadyhand Diaries published last week in the Globe Investor magazine. Over the next few weeks we are going to complement the Diaries with a few additional postings. The original draft of the article was ...
Read MoreMay 22, 2008
The price of a barrel of oil recently topped $135. Get out the balaclava. It’s time to steal us some crude. At least that’s the thinking of the opportunistic criminal in Texas. An article in the Wall Street Journal yesterday ...
Read MoreMay 20, 2008
The Globe and Mail, Report on Business Published May 17, 2008 On my way to a breakfast meeting recently, I walked by the 'Opening Soon' Apple store in Vancouver's Pacific Centre Mall. I know how hot that store is going ...
Read MoreMay 20, 2008
The summer edition of Globe Investor Magazine comes out this Thursday (May 22) as a supplement in the Globe and Mail. Watch for The Steadyhand Diaries , a piece written by Tom Bradley that takes readers through the company's first year ...
Read MoreMay 13, 2008
JovFunds Management is coming out with three ‘tactical allocation portfolios’ that will invest solely in exchange-traded funds (ETFs). These growth, balanced and conservative mutual funds will own Horizons BetaPro ETFs and the asset mix will be actively managed by Fiera ...
Read MoreMay 8, 2008
The Globe and Mail published a report on investment blogs in Tuesday’s paper, where a number of their columnists identified some of their favorite blogs. If you’re a fan of our blog, you may want to check out a few ...
Read MoreMay 6, 2008
Our blog on March 17th ( In Need of a Steady Hand ) generated a large number of hits, which given the investing environment at the time, is not surprising. The main message in the posting was that investors shouldn’t ...
Read MoreMay 6, 2008
The Globe and Mail, Report on Business Published May 3, 2008 Where were you in August of '82? I will always remember. I was between my years at Western in what is now the Ivey School of Business and was ...
Read MoreMay 1, 2008
The managers of our funds report to us formally once every quarter. In the Income Fund report from Connor, Clark & Lunn, there was a chart that is a great indication of what the capital markets are going through. It ...
Read MoreApril 25, 2008
Jonathan Chevreau’s article in Wednesday’s Financial Post highlights the latest book that bashes the mutual fund industry, The Investor’s Dilemma: How Mutual Funds are Betraying Your Trust and What to do About it , written by Louis Lowenstein. It’s books ...
Read MoreApril 21, 2008
The Globe and Mail, Report on Business. Published April 19, 2008 Purdy, what were you thinking? Didn't you know how complex and convoluted investment products have become? Didn't you know this would become a hornet's nest with many different interests ...
Read MoreApril 16, 2008
Vancouver, April 16, 2008 - Steadyhand Investment Funds is proud to announce that they are the recipient of two Lippy Awards. The prestigious awards are presented for excellence in the fields of mutual fund performance and marketing. The firm is particularly ...
Read MoreApril 15, 2008
In this podcast, we review the first quarter of 2008 and touch on some highlights from our Quarterly Report.
Read MoreApril 8, 2008
Last Saturday (April 5th), Globe and Mail columnist Rob Carrick wrote a piece ( Fund Fees that Have Fallen the Most ) featuring mutual funds where the management expense ratio is falling. He published a list of the ‘Top 30 MER decliners’ (click ...
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