Cutting Through the Noise
May 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 ...
Read MoreApril 7, 2008
The Globe and Mail, Report on Business Published April 5, 2008 A couple of times in recent months I've used the banks as a framework for talking about investing and the buy side of the street. I'm back at it. ...
Read MoreApril 4, 2008
Who can forget Sally Field’s acceptance speech at the Oscars in 1985? The Canadian mutual industry has taken a page from Sally’s delivery. As Jonathan Chevreau points out in his blog today, the Lipper annual awards gala held in Toronto ...
Read MoreApril 2, 2008
Oh boy, we finally get to release our investment returns . The markets having been so...well...interesting. We’ve been busting to get the numbers out. You may remember that until we renewed our prospectus, we weren’t allowed to provide fund returns ...
Read MoreMarch 31, 2008
One of our promises to our clients is that we will reduce or eliminate paper mailings. Unfortunately we have to deliver tax documents (contribution receipts and T3's) to our clients via paper. The problem is that each of our mutual funds ...
Read MoreMarch 28, 2008
I was in Toronto this week and met with the crew at CGOV to talk about the Equity Fund. We covered lots of ground, which we’ll report on in our Quarterly Report that will be published on or around April ...
Read MoreMarch 24, 2008
The Globe and Mail, Report on Business Published March 22, 2008 Between now and the time I publish my next column, you should receive a quarterly statement from your investment adviser or manager. Get prepared. Your net worth will have ...
Read MoreMarch 17, 2008
The news just keeps getting worse. Today it’s the announcement that one of Wall Street’s revered investment dealers, Bear Stearns, is being bailed out and shareholders are going to lose almost everything. Despite the fact that Bear was a poster ...
Read MoreMarch 16, 2008
A pool in the spring could only mean one thing – March Madness. For basketball junkies there’s no better time of year. Sixty-four college teams vying for supremacy. The upsets, the Cinderella stories, the raw emotion. Who could ask for ...
Read MoreMarch 14, 2008
I received an email from an investor today relating to my column in the Globe last week . With her permission, I’ve posted our correspondence below. Mr Bradley, Our investment advisor is trying to sell us PPN's which we are ...
Read MoreMarch 13, 2008
There’s an interesting firm out of London by the name of Bedlam Asset Management. I read their literature every now and then and although we often don’t share the same views, I’m always impressed by their transparency. There’s no beating ...
Read MoreMarch 10, 2008
The Globe and Mail, Report on Business Published March 8, 2008 During the RRSP season we were barraged with ads from the banks and insurance companies. In light of the recent market turbulence, the emphasis has been on their ‘risk ...
Read MoreMarch 7, 2008
In his Streetwise blog yesterday, Globe and Mail journalist Andrew Willis highlighted an $8 million fine that the U.S. Securities and Exchange Commission (SEC) recently imposed on Fidelity Investments. The penalty was imposed to settle charges that Fidelity’s in-house traders ...
Read MoreMarch 6, 2008
In our first video blog, Tom discusses why investors should steer clear of principal-protected products. He notes that professional investors would never touch these products because the odds are clearly stacked against them. Watch the video to learn more.
Read MoreMarch 5, 2008
Inspired by Scott's blog Tax-Free Savings Accounts - the RRSP for the Facebook Generation? , I wanted to see what a 19 year old could accomplish with some discipline. Quite a lot, I found. For instance, a 19 year old ...
Read MoreFebruary 28, 2008
In the investment business, Royal Bank and PH&N stole all the headlines last week (including on our blog), but there was another piece of news that relates closely to what we’re doing at Steadyhand. It was the announcement of a ...
Read MoreFebruary 28, 2008
In Tuesday's budget, the Conservatives introduced a new savings vehicle that will allow Canadians to shelter investments from tax. Known as the Tax-Free Savings Account (TFSA), investors over the age of 18 will be able to contribute $5,000/year to a tax ...
Read MoreFebruary 27, 2008
We just wrapped up a series of conference calls with our equity managers. The key message from all three is that they’ve been sitting tight. None of them have made any material changes to the funds but they all have ...
Read MoreFebruary 25, 2008
The Globe and Mail, Report on Business Published February 23, 2008 It appeared on my BlackBerry screen on Thursday afternoon. Word from the office that Royal Bank was buying Phillips Hager & North. My first reaction was to shrug and ...
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