Blog

Cutting Through the Noise


February 7, 2007

By Tom Bradley

Who's This Money for Anyway?

This past weekend I came across an investment situation that I see quite often. It relates to the portfolios of super seniors (80 plus years). The situation is this: The senior has a regular income from a pension plan or ...

Read More

February 1, 2007

By Tom Bradley

Ivy League Lessons

The January 20th issue of The Economist had a good article on the investment success that American university endowments have had. The article points out that these endowments have done better than other types of investors (pension funds being the ...

Read More

January 26, 2007

By Tom Bradley

When a Manager Moves, Be Prepared

The Globe and Mail, Report on Business Published January 26, 2007 Do I follow my favourite manager to a new fund? There are probably a few investors out there who feel like they have a big "L" on their forehead. ...

Read More

January 22, 2007

By Tom Bradley

The ETF Diaries - Part 2

Jonathan Chevreau's column in today's Financial Post provides more data on the Claymore ETFs of which I spoke in a recent posting ( ETFs' I've Seen This Movie Before ). The column reinforced some of the views I put forward: ...

Read More

January 18, 2007

By Tom Bradley

Yearly Predictions

I've been under the weather over the last week and have had lots of time to sit and read. Thank goodness I've had other things to read besides the newspapers, otherwise I'd be going crazy right now. For a few ...

Read More

January 18, 2007

By Tom Bradley

Going Global

Posted by Scott Ronalds For a while, my partner Tom Bradley has been talking about how Canadian investors are less diversified than they should be ( Feeling Comfortable? Maybe it's Time to Shake Up Your Portfolio ). At times, it's ...

Read More

January 12, 2007

By Tom Bradley

In Investing or Exercise, There are No Quick Fixes

The Globe and Mail, Report on Business Published January 12, 2007 The YWCA that I go to is always busier in the early part of January. This year is no exception. As part of our New Year's resolutions, we all ...

Read More

January 5, 2007

By Tom Bradley

Why we Have Too Many Mutual Funds

As of this week, there is a new mutual fund on the market called the Mackenzie Founders Fund. The fund will invest equally in four of Mackenzie's oldest funds. It will be automatically rebalanced to maintain an equal weighting in ...

Read More

January 5, 2007

By Tom Bradley

Predictions are Easy - on Anything but the Market, that is

The Globe and Mail, Report on Business Published December 29, 2006 I'm not one to make predictions on what the capital markets are going to do in the next year, or three years for that matter. But with my editors ...

Read More

January 2, 2007

By Tom Bradley

Option Pricing - Where do you Draw the Line?

Compared to the Enron / Worldcom blowups, the options pricing scandal we're going through now is very low key. Enron et al were front page news for a long time. The options scandal is strictly a page 8 item in ...

Read More

December 22, 2006

By Tom Bradley

Too Good to be True

I came across a wonderful quote yesterday. I was reading a piece I'd found on the Tocqueville Asset Management website (www. tocqueville.com) written by their Chairman, Francois Sicart. "I never invest in a situation in which I cannot lose money" ...

Read More

December 18, 2006

By Tom Bradley

If these Investment Vehicles were Ice Cream, I'd Take Vanilla

The Globe and Mail, Report on Business Published December 15, 2006 I've been in the investment business since 1983 and I find that with each passing year simplicity becomes more and more appealing. And I don't think I'm alone; it's ...

Read More

December 16, 2006

By Tom Bradley

U.S. Housing: Long, Extreme Up Cycle... Quick, Painless Down Cycle? Not Likely

There was an article in the Wall Street Journal this week (December 13, 2006) which suggested that first-time buyers were starting to look at homes again. The reasoning was that prices had come down a little and affordability was better. ...

Read More

December 7, 2006

By Tom Bradley

ETFs - I've Seen This Movie Before

Exchange-traded funds (ETFs) are a great product. They provide exposure to the equity market for a reasonable price. If you buy the iShares XICs, you can be assured of getting the return of the S&P/TSX 60 for only 0.17%. That's ...

Read More

December 1, 2006

By Tom Bradley

Signed!

We're thrilled to announce that we've signed three leading money managers to the Steadyhand team. They will manage 4 of our 5 funds. This day comes after months of research, deep thinking, interviews, unhealthy lunches and airport line-ups (who knew ...

Read More

December 1, 2006

By Tom Bradley

Don't be Afraid of Market Risk; It Can Lead to a Better Retirement

The Globe and Mail, Report on Business Published December 1, 2006 I was talking to a friend last weekend about our new mutual fund company. After I took him through the fund lineup, he asked me what our hedging strategy ...

Read More

November 17, 2006

By Tom Bradley

Income Trusts: It's all About the Fundamentals

The Globe and Mail, Report on Business Published November 17, 2006 "It's like a spotlight in the darkness... it focuses on what's moving and everything else is blotted in the darkness." Those words came from Eric Sevareid in a PBS ...

Read More

November 8, 2006

By Tom Bradley

A Trick and a Treat

My colleague, Scott Ronalds (last seen on the beach in Hawaii), has written some comments on the tax changes of last week. Here they are: Finance Minister Flaherty's Halloween announcement that income trusts will lose their tax advantaged status by ...

Read More

November 6, 2006

By Tom Bradley

Best Foreign Money Managers may be Right Here

The Globe and Mail, Report on Business Published November 3, 2006 Until recently, I'd never heard of Alex Becks. I thought it was because I lived on the left coast and wasn't plugged in enough to the Toronto investment network, ...

Read More

November 3, 2006

By Tom Bradley

Unconventional ... or Twisted?

Here's a picture of our Manager of Research & Communications, Scott Ronalds, reading David Swensen's Unconventional Success while on holiday in Hawaii.We're hoping all of our future employees are as dedicated as Scott. ...

Read More

November 2, 2006

By Tom Bradley

Income Trusts II - There's Still Stuff to Worry About

The attention will be focused on the government's tax announcement for a while to come, but we shouldn't forget that there are other things to think about with regard to the income trust market. The tax changes have certainly shaken ...

Read More

November 1, 2006

By Tom Bradley

Wow! Where Did That Come From?

Last week I praised Finance Minister Flaherty with regard to his comments on the fiscal surplus. There aren't many people praising him today. The changes to the taxation of income trusts have, and will continue to, generate lots of commentary ...

Read More

October 26, 2006

By Tom Bradley

The Straight Goods from our Finance Minister

The lead story in yesterday's paper was "Ottawa Awash with Surplus Cash." Five months into this fiscal year, the Federal government is $6.7 billion into the black and they only forecast a surplus for the year of $3.6 billion. The ...

Read More

October 21, 2006

By Tom Bradley

We're Hiring

We're looking for some good people to fill out our team in Vancouver, specifically an Investor Specialist and an Administrative and Marketing Associate. If you know of anyone, please let them know. ...

Read More

October 21, 2006

By Tom Bradley

A Good Money Manager is Brave Enough to Say "I don't know"

The Globe and Mail, Report on Business Published October 21st, 2006 There are plenty of sports analogies that are appropriate to investing, but I find golf provides the most fertile ground. With both golf and investing, it takes only a ...

Read More