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Posted on May 3rd, 2010 by Barry Schwartz

April was an historic month.  Volcanoes, Greece, Goldman Sachs and Oil spills dominated the headlines and our conversations with clients.  With so much bad news in abundance, one would have imagined that the stock market would be down significantly.  In fact, the TSX and the Dow were each up 1.4% for the month.  The gain […]

Posted on April 30th, 2010 by Barry Schwartz

As value investors we are big fans of dividend paying stocks.  In volatile markets it’s comforting to see those dividend payments roll in.  Dividend paying stocks also boost your returns.  Empirical evidence proves that dividends account for 40% of the average annual stock market return.  When buying dividend paying stocks for our clients we look […]

Posted on April 15th, 2010 by Barry Schwartz

Before I get started, let’s get a quote from Bill Gross, who manages the world’s largest bond fund at PIMCO which has $1 trillion of assets under management.  “Utilities yield 5% to 6%, not near zero, and in a low growth environment, it seems to me that a company’s stock should yield more than its […]

Posted on April 6th, 2010 by David Baskin

Here is some interesting data I have compiled this morning concerning the efficacy of stop losses in the Canadian market. High to Low range within each month of six high volume stocks.  Sample period Jan 1/09 to Mar. 31/10 (15 months) Move:      5%     10%    15% BNS    15/15    10/15    6/15       (Months stock fell more […]

Posted on March 15th, 2010 by Barry Schwartz

With all the talk about gold being a good inflation hedge, why not buy an asset class that provides actual inflation protection?  Unlike gold, government backed real return bonds pay you a rate of return and have no storage costs.   In fact real return bonds may be the least risky financial investment in Canada.  Unlike […]

Posted on March 10th, 2010 by Michael Keaveney

A recent article in the online edition of The Economist highlighted the increasing time one can expect to spend in retirement nowadays versus even the relatively recent past.  Canadian males who reach the “official” retirement age of 65 have an average life expectancy of a further 20 years. The article foretells the resulting strain to […]