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 […]

In volatile markets there is nothing more soothing than seeing dividend payments roll in to your account each month.  According to research prepared by RBC Capital Markets, owning a portfolio of dividend paying companies can do more for your returns than acting as a security blanket.  From December 1986 until December 2010, the total portfolio […]

Many of our clients have asked us why we don’t invest in emerging markets, and we always tell them the same thing.  The world is a big place, and not everybody plays by the same rules that we do.  It is hard enough to analyze an industry and a specific company within that industry.  Pile […]

Canadian government bonds are overvalued and no longer provide any margin of safety.  The formula to value a bond is as follows.  You add the real yield to expected inflation to get the real adjusted fair value.  If the bond you are valuing, offers a yield less than this this formula, you are overpaying.  For […]