Waiting for the market to stabilize is not an investment strategy.   Waiting for the market to bottom is not an investment strategy.  Putting stop losses on your portfolio is not an investment strategy.  No one can successfully time the market over the long run.  The only viable strategy is to buy companies with strong balance […]

By the time I arrive at work, I have already received numerous emails from various brokerage firms showing their bond offerings.  For the past six months, the yield to maturity, or return, that these bonds offer has gotten lower and the quality of offerings has gotten worse.  A five year corporate bond issued by a […]

A number of our clients have asked us why we do not buy Exchange Traded Funds (ETFs).  They tell us that these instruments are inexpensive, efficient and provide good exposure to the market.  We do not disagree with these observations, but they do not tell the whole story. An ETF is really just a mutual […]

Far from it actually MARCH 2009: Nouriel Roubini predicts new lows in the next 18 months MARCH 2009: John Mauldin say bulls will get their hopes crushed over the summer APRIL 2009: Dylan Ratigan says this is a suckers’ rally, no question MAY 2009: Andy Kessler says “this sure smells to me like a sucker’s […]

10-Jun-11 As the equity markets stumbled in May, the Canadian bond universe had its best month of 2011 returning 154 basis points (bps) and pushing the year to date (YTD) return further into positive territory for the year at over 2%. For the month, the solid return was driven by the long end of the […]

“What should we do now?”, is the question on everyone’s mind. Our answer to clients is always the same: Make sure that you have an asset allocation strategy that is appropriate for your risk tolerance over the long-term, and then do nothing. Selling good assets once the market is down is the same as taking […]