Brexit, Trump, What’s next?
2016 was a year when we saw plenty of action in the financial markets, be it stocks, bonds, currencies, you name it. But above all, 2016 will be remembered for the US presidential election and Brexit. Brexit On June 24th 2016, the British people woke up to find out that 52% of them wanted out […]
Reasons to own equities over the long-term, regardless of their inherent volatility
Reasons to own equities over the long-term, regardless of their inherent volatility After a drastic drop that lasted the first 15 days of the quarter, the S&P 500 basically has recovered to finish the quarter flat. However, due to the rebound of the Loonie, the S&P 500 has posted a loss of 5% in Canadian […]
To avoid getting seasick, keep your eyes looking on the horizon
To avoid getting seasick, keep your eyes looking on the horizon 2015 has not been a good year for stock pickers in general, and especially for the ones who favour the value investing philosophy. As an example, Warren Buffett’s Berkshire Hathaway was down 12.5% (in USD terms). In fact, it is the tale of 2 […]
Staying the course – one investment at a time
Staying the course – one investment at a time We thought that you might want to know how we stand over the long term after such a long period of stock market advances without any major correction (since 2009 low, the S&P500 only had 2 “noticeable” corrections that are over 15%: one in 2010 – […]
Managers in action: avoid obligations
Despite the low yields of North American stock indices in the first quarter, the portfolio manager Vincent Fournier from Claret argues that investors should absolutely avoid taking refuge in the bond market. The reason is simple: low interest rates in both Canada and the United States, ensure that bond yields are lower than inflation expectations, […]
What is an investment? … A refresher course.
What is an investment? … A refresher course. The first quarter of 2013 was fairly spectacular for the U.S. (up 11%), Switzerland (up 10%) and Japan (up 9%) and some smaller markets like Sweden, Mexico and Turkey. Unfortunately, for Canada, the SPTSX was down about 3%, due to weakness in the materials and utilities sectors. […]