Today marks the thirtieth anniversary of an investment approach developed to aid investors who were searching for a path to long-term wealth creation.
Back in 1986, the term “portfolio approach” was often met with blank stares while the listener waited for a breathless tale of a “can’t miss” stock idea. Goodreid was amongst the first retail investment managers who preached diversification and portfolio structure, and even openly talked of how they’d approach inevitable stock loss situations, in an unemotional and measured way.
From its early days, Goodreid also focussed on long-term results, knowing that any conclusions of short-term success or failure were likely more emotionally impactful than fundamentally meaningful, and ran the risk of throwing the investor off a successful path.
So here are a few things we’ve learned over three decades of portfolio management;
The trust of thousands of investors over the years has allowed Goodreid to flourish. We are thankful every day for that faith and friendship.Back
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...Read More