Blog: Cutting Through the Noise
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Sound Off
Excerpt from Scott Ronalds's blog on July 20, 2011
At Steadyhand, we think we’ve got the best business model and investment philosophy around. We offer investors access to talented and experienced investment managers (who are typically only available to the ultra-wealthy) and straight advice. We invest alongside our clients, charge low fees and provide timely &...
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Will the Banks Grow?
Excerpt from Tom Bradley's blog on July 18, 2011
My last Globe column (Of Cash and Quality Stocks) prompted a reader to ask, “Do you believe Canadian Banks will be able to grow their dividends at a healthy clip going forward? Is the growth of the Canadian Banks over?” In the past, I've underestimated...Read More
Mind the Gap
Excerpt from Tom Bradley's blog on July 14, 2011
In a post last week, Larry Swedroe wrote about one of our favourite topics – the behavioral gap. I’m referring of course to investor behavior, not child rearing or post-Stanley Cup rioting. In an investment context, the term refers to the gap in returns between mutual funds and the investors that buy them. In study after study...
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Podcast: Second Quarter Review
Excerpt from Scott Ronalds's blog on July 12, 2011
It was a skittish quarter for stocks. The Canadian market had a rough spring, as commodity-related stocks gave back some of their gains from earlier in the year. The U.S. and Japanese markets were largely unchanged, while Europe was mixed. Bonds, on the other hand, had a strong quarter, as investors embraced safety and yields...
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Of Cash and Quality Stocks
Excerpt from Tom Bradley's blog on July 8, 2011
Are you confused? I certainly am. It’s not clear whether investors are on a risk-taking binge, or are battening down the hatches for another market decline. There is plenty of evidence in support of the risk binge. Technology IPOs are coming out at exotic...Read More
Peace, Love and Better Returns
Excerpt from Tom Bradley's blog on June 28, 2011
Canadian Couch Potato posted an interesting blog yesterday. Dan Bortolotti, the author of this highly-rated blog (in a recent Globe and Mail contest, it was voted the best investing blog in Canada), thinks we need to stop fighting about which is better...Read More
Beware the Distortions of Too-low Interest Rates
Excerpt from Tom Bradley's blog on June 24, 2011
We’ve had low interest rates for years, and really low rates for almost three. We’re used to them, and may even be getting complacent. I had more questions and concerns from clients about rising interest rates a year or two ago than I do now. Well, I’m here to...Read More
The F-Bomb
Excerpt from Scott Ronalds's blog on June 22, 2011
Fund (as in mutual) has become a dirty word. I was reminded of this the other day when Tom was lamenting over all the negative connotations associated with mutual funds. What was once a beautiful concept – investors pooling their money in a shared vision...Read More
Digging Ourselves Out
Excerpt from Tom Bradley's blog on June 20, 2011
In his June 6th letter, Tim Price of PFP Wealth Management in the UK provides a thoughtful take on our debt burden. “From a narrowly financial perspective, government debt is an asset class, albeit an asset class now offering vast potential for capital...Read More
Get Human
Excerpt from Scott Ronalds's blog on June 16, 2011
We’ve all dealt with it and it drives us insane. Calling a toll-free number and following an automated voice prompt. Just give me a damn human voice! Pretty much every big business uses them. Yet, I don’t know of a single person who likes responding to synthetic...
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Banking on an Icon
Excerpt from Tom Bradley's blog on June 14, 2011
When I was an analyst on the brokerage side of the business (1980’s ... I was a teenager), there were a few iconic people that we all looked up to. Hugh Brown, who was with Burns Fry (now part of BMO), was one such person. He was the guy on...Read More
Global Equity Fund Performance Update
Excerpt from Scott Ronalds's blog on June 13, 2011
Our Global Equity Fund has had a poor stretch of performance since early 2010. The fund’s manager, Edinburgh Partners Limited (EPL), is the first to admit this. While they don’t manage the fund with a close eye on what the index is doing, any sustained period of under-performance...
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