Tag Archives: capital

REIT’s may not be a bargain; distributions depend on rent being paid.

The Real Estate Investment Trust (REIT) has had a marvelous decade as property values just kept rising.  It inspired large institutional investors (pension funds for e.g.) to get directly involved.  The Canada Pension Plan has 12.1% invested in real estate.  … Continue reading

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Renegotiating mortgage? Get extra to buy bank stocks and collect dividends.

Between trips to Costco to stock up on supplies, or while working from home you may want to consider doing something given the market meltdown rather than just sitting on your haunches and letting opportunities slip by.  Don’t get me … Continue reading

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Canadian Stock Market earning a gold medal also?

One rule of thumb that works is ‘follow the smart money.’  Based on the most recent data I’ve seen: In the three months to November, $20.4 bln flowed into equities, the fifth largest 3-month total on record, lifting year-to-date total … Continue reading

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Did your strategist predict this market? Get a new strategist!

Below is a commentary I published on March 8th. Like Warren Buffet, I was especially worried about the bond market. During the months before I posted the article, huge inflows into fixed income funds took place. Suddenly investors began selling … Continue reading

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Global resources boom imminent!

“The global demand for resources is beginning to improve, the Far East is growing again, and over the past years, commodity prices are heading in the right direction – as is to be expected at the start of a global … Continue reading

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Rule #1 – Never Panic! Fiscal Cliff is not a crisis!

In my book it’s no accident that Chapter 1 is entitled Never Panic! What Crisis? Of course when writing the chapter I was referring to the financial crisis that enveloped us a few short years ago, but in my mind … Continue reading

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Behavioural psychologists DON’T understand investment industry.

Most people would agree with the following statement by celebrated behavioural psychologist Daniel Kahneman – from his best selling book describing new insights into how good and bad decisions are made: “Why do investors, both amateur and professional, stubbornly believe … Continue reading

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Spread for RISK narrowed; as predicted!

You might recall that in December I posted the adjacent chart, recommending that the spread between equity yields and treasuries was “NUTS” and a narrowing of the spread between more risk and less risk would favour stocks.  It remains in … Continue reading

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CHINA: Much ado about nothing.

China is almost grown up! When I wrote Resources Rock: How to Invest in and Profit From the Next Global Boom in Natural Resources in 2004 China wasn’t in the news as much as it is a mere 8 years … Continue reading

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Encana: it’s a gas! Good Management 101

Encana has been under fire from the investment community for some time now. In the past I’ve been critical of the pressure public companies have to suffer nowadays (see past posts on short selling, a short term obsession with ‘growth‘ … Continue reading

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