A common assertion made by investors these days, both novices and pros alike, is that stocks are expensive after the fastest and sharpest recovery from a bear market in modern history.
We’ve likely all heard by now the breathless media accounts of how Shopify last week overtook Royal Bank as the largest company in Canada with a market capitalization of $127B.
I’m writing to you in this time of market volatility to provide reassurance that Goodreid is maintaining its long-established investment approach and to give our perspective of the current state of the financial markets.
This week, the federal government announced that it is changing the stress test rate for insured mortgages starting April 6th. Good news for the banks. Bad news for aspiring home buyers.
That’s exactly what the U.S. consumer is doing for the economy. In a $22 trillion cauldron, consumption makes up about 68%, or $15 trillion of U.S. GDP.
Saudi Aramco is +10% in its first day of trading after the IPO which raised $25.6B USD. Today’s price values the company at $1.88T USD…somewhat below the Prince’s aspired for $2T, but a princely sum nevertheless.
Of course, that phrase has become familiar because of a car ad on TV, but its applicability to the stock market in December of 2018 was undeniable.
Canadian banks are important…not just to Goodreid’s clients (although they are very important to us, comprising nearly 20% of our Canadian portfolio), but to the overall direction of the S&P TSX Composite Index...
Investment lore tells us that “there’s gold in them there hills”, when it comes to initial public offerings (IPOs) of stocks. Surely everyone has heard stories of those fortunate enough to “get in on the ground floor” of McDonalds, Microsoft,...
Today marks the thirtieth anniversary of an investment approach developed to aid investors who were searching for a path to long-term wealth creation.
On August 4th, the Globe and Mail reported that just 17% of large-capitalization equity fund managers in Canada outperformed their benchmark in the second quarter, which proved to be the worst quarter for active managers in at least 17 years.
Market corrections are uncomfortable. Investors’ emotional responses are rooted in the worry that a catastrophe will occur.
It seems that every time I look at the Business section of a newspaper or tune into a Business channel someone is asking whether we should “take some off the table”. This bugs me on a couple of levels.
