DM Portfolio Commentary – Q2 2021
Don’t miss the forest behind the pricey pile of lumber – Following more than a year of what can fairly be described as a health, social, and economic odyssey, we seem to be sitting at or near the cusp of transition on many fronts. The effectiveness and relatively wide distribution of covid-19 vaccines has suppressed the worst effects of the virus and, at long last, allowed us to gradually resume our normal patterns of living and interaction. At the same time, the resulting uptick in activity has brought with it a well-reported jump in inflation and worries that central bankers will shift gears and begin to withdraw the extraordinary monetary support that helped to keep economies
afloat during the worst of the lockdown.
Click here to read more: DM Portfolio Commentary – Q2 2021
Cardinal Update – June 2020
REITS Beyond the Headlines – As investment managers, it is important to approach negative headlines with a healthy dose of respect, but to also not be afraid to look beyond the headlines.
What do we mean by this? Well, it is a two-fold process both to assess the arguments made through the negative headlines to gauge the risk, and then to evaluate whether there is an appropriate level of risk-reward available in any individual company within the sector that warrants investment consideration.
Click here to read more: Cardinal Update – June 2020
DM Monthly Report – May 2019
IS THERE A RELATIONSHIP BETWEEN INTERST RATES & STOCK VALUATIONS? In last month’s missive, we tackled the topic of persistently low interest rates and gave our theories as to why yields have not tracked the significant economic recovery from the depths of 2009. Understandably, this anemic backdrop imparts a direct impact on expected bond performance, but should it also influence how we think about stocks? In a recent interview, Warren Buffet said, “I think stocks are ridiculously cheap, if you think that 3% on 30-year treasury bonds makes sense”. Buffet wasn’t saying that corporate earnings are about to explode or that companies are going to double their dividend payouts, but was instead suggesting that relative to their primary alternative, the expected return for stocks (and hence their current valuation) looks compelling.
Click here to read more: DM-Monthly-Report-May-19
Credit 101 for Your Undergraduate
By Melissa Cassar, VISA Canada
If you’ve got teenagers heading off to University or College in the Fall, I hope you’ve done a good job educating them about the importance of personal financial responsibility and how to build a strong credit history. If not, better do it now.
First year students and young adults entering the workforce encounter many unfamiliar expenses – and temptations – so it’s important to help them avoid early financial missteps that could damage their credit for years to come.
Probably the most fundamental tool for helping students manage their finances is a chequing account with a debit card. A few tips: Read more 
