Investing

Market Update: See How a Strong 2019 Performance Impacted Your Portfolio

US and Canadian stock indices closed the year with double digit returns in 2019 as global equities had their best year in a decade. Here’s how this and other market trends affected your portfolio: Performance* ETF Portfolios December performance 1-Year performance ETF Safety Portfolio 0.31 ...

How To Invest Like a Professional

You work hard and understand how important an investment portfolio is to your financial well-being. However, simply owning an investment portfolio isn’t enough. The unfortunate truth is that most Canadians receive financial advice from commissioned salespeople that are paid to sell specific finan ...

Investing in mutual funds for beginners: Here are some key tips to start you on your way to higher returns

Investing in mutual funds for beginners: Here are some of the best ways to do it—and also what to avoid We think that mutual funds are okay to hold if you already own them, but we have moved away from recommending them in favour of lower-fee exchange-traded funds (ETFs). We feel that most fund in ...

MMT And Policy Variables

One of the distinctive features of Modern Monetary Theory (MMT) is the choice of variables used by policymakers to guide he economy. The choices are unconventional: interest rate policy is downplayed or even eliminated, while the requisition price used by the fiscal arm of government is emphasised. ...

Tax Hacks. Top 6 Tips to Get the Most out of Tax Season

Are you leaving money on the table when it comes time to file your taxes? Lots of people do. They leave that ratty pile of receipts in the drawer (where they left them last year, too). And they don’t take full advantage of the deductions to which they are entitled.Let’s get your taxes done righ ...

The power of portfolio flexibility

Many investment managers apply strict portfolio constraints under the guise of risk management best practices. These often include limits in sector over-/under-weightings, geographic concentrations, minimum levels of portfolio holdings and/or market capitalization requirements. The challenge around ...

The Monetary Monopoly Model

What I refer to as the Monetary Monopoly Model is the simplest possible mathematical model that captures basic concepts from Modern Monetary Theory (MMT). Despite its simplicity, it gives a good feeling of how a sovereign could pin down the value of a brand new currency (relative to existing curren ...

Hedging with Delta

As can be seen in the following chart, the price of shares in National Bank of Canada (NA) recently peaked at $73.22, representing an increase of 21.85% in 110 days, for an annualized rate of return of 72.50%. It is unlikely that this pace of growth can be sustained over an extended period of time ...

What could the U.S.-Iran conflict mean for investors?

After the U.S. killing of Qassim Suleimani on Jan. 3 and Iran’s retaliatory, non-lethal missile strike against two U.S. military facilities in Iraq on Jan. 7, the situation appears to have de-escalated. However, investors continue to worry about the potential for this conflict between the U.S. an ...

How to make sense of contradictory investment advice

Q. Several investment sources are giving advice that seems contradictory. On the one hand, it is often preached that the key to smart investing is having a long-term view. That is, buy and hold good-quality stocks for long periods of time (10-plus years). It is argued this kind of passive approach, ...