Investor Strategy: Bubbles popping and gravity are inevitable Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Mar 08, 2024 The history of markets is filled with examples of bubbles, creating great wealth on the way up and subsequently destroying much wealth on the way back down. Some date back centuries like the Mississippi Company, tulip mania, South Sea trading or the railway... Read more
Market Ethos - Looking for yield in all the right places Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Feb 27, 2024 Higher yields everywhere from cash, to GICs, to bonds, even to dividend-paying equities has created perhaps one of the most recurring questions of the past year – which is best between cash, GICs and bonds? Click HERE to access the report. Read more
Market Ethos - The market’s not broken … just riskier Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Feb 21, 2024 You have likely read reports highlighting the concentration risk in the S&P 500, driven by the Magnificent 7. Today these few names comprise about 30% of the largest equity market in the world. And over the past year, with the S&P 500 up 18.6%, 9.1% of... Read more
Market Ethos - Too much of a good thing? Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Feb 13, 2024 Wait for it, but we could be getting close to a period when good economic news stops being good for markets. This incredible run over the past three months that has seen the S&P 500 rise 14 of the past 15 weeks, a feat not repeated since the early 1970s... Read more
Investor Strategy: Bulls vs Bears Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Feb 07, 2024 The dynamics of these forces, and which one is perceived as stronger, often create contrarian opportunities for investors. When market sentiment becomes excessively bullish or bearish, it may present opportunities to take the opposite stance and capitalize... Read more
Market Ethos - Evaluating valuations Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Jan 30, 2024 One could certainly question the importance of valuations in this market. If you were bold enough to buy Nvidia a year ago, ignoring the 60x price-to-earnings (forward earnings), you made money. And look at Microsoft, which sits at 33x and continues to... Read more
Market Ethos - Market mood swings Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Jan 24, 2024 We are big fans of long cycles, positioning based on return expectations, valuations, and where we are in the cycle. Again, earnings growth, which is determined by the economy, is the longer-term driver of market returns. But when you look at shorter... Read more
Market Ethos - Things aren’t always as they seem Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Jan 17, 2024 Unfortunately, neither markets nor economy lend themselves to simple cause and effect because both are such complex systems with countless moving parts. Those parts are made up of the behaviours of all consumers, corporations, investors, governments,... Read more
Market Ethos - Plain vanilla is still a good flavour Filed Under: Investment Services | Portfolio Management | Wealth Management Published by RWL on Jan 09, 2024 It was not that long ago, about a year at its peak frequency, that you couldn’t go far without coming across another report extolling the death of the plain vanilla 60/40 portfolio allocation. ‘Time to rethink portfolio construction’ was the prevalent... Read more
Investor Strategy: 2023 - A year in review Filed Under: Investment Services Published by RWL on Jan 09, 2024 A good start and finish Despite the endpoint of the year being rather favourable, it certainly wasn’t a smooth line. Here is a brief walk down the investing memory lane of 2023. Click here to access the report. Read more