DM Monthly Report – January 2023
DIFFICULT DISRUPTION – According to Fintech Labs, there were recently 332 financial technology unicorns in the world, with the largest members of the group geared toward the lucrative payments segment of the financial services ecosystem. Unlike Kodak when digital photography arrived, or Blockbuster when streaming supplanted video rental, the incumbents in this industry seem to have been largely unaffected by the incursion of novel upstarts.
FEATURE STOCK: Element Fleet Mgmt. (EFN)
Click here to read more: DM Monthly Report – January 2023
Cardinal Update – Nov 2022
Your Year End Financial Planning Checklist – You still have a few weeks to follow through on your New Year’s resolutions for 2022. Sure, you may not have thought of them since we turned the calendar on 2021 but some deadlines are in play here so it’s important to take action on a number of financial fronts. If you think any items on our checklist may apply to you, now would be a great time to speak with your financial advisor: Cash Flow and Income / Employee Benefit Plans / Tax Planning / Material Changes Within Your Family / Planning for the Year Ahead.
Click here to read more: Cardinal Update – November 2022
DM Portfolio Commentary – Q3 2022
The most renowned investor of them all once said, “I never have an opinion about the market because it wouldn’t be any good, and it might interfere with the opinions we have that are good. If we’re right about a business, if we think a business is attractive, it would be very foolish for us to not take action on it because we thought something about what the market was going to do.”
While most individuals understand that durable investment portfolios are the product of patience and focus such as that described above, the temptation to “do something” when the news cycle turns negative, and stocks react can become excruciatingly difficult to resist. For most of this year, we’ve found ourselves mired in one of these mettle testing environments, as a generational spike in inflation and an accompanying surge in interest rates has pummeled the interim values of virtually all assets. The investor who hasn’t fretted over his or her portfolio at some point in 2022, or wondered if previously laid financial plans remain valid, likely doesn’t exist.
Click here to read more: DM Portfolio Commentary – Q3 2022
Cardinal Update – Sept 2022
You Can Bank on Dividends – It’s during periods of inflation where suddenly the non-dividend believers start asking questions like: “What should I invest in with high inflation?” or “How can I keep my standard of living through retirement?” These are questions that Cardinal clients tend to ask far less than their non-Cardinal neighbors. That’s because the power of dividends has been a mantra repeated here since the founding of the firm, just 30 years ago.
The company focus in this month’s update is on Siemens. One of our internationally-based dividend growers, Siemens is a global leader in industrial software and automation, and also medical imaging equipment on the healthcare front.
Click here to read more: Cardinal Update – September 2022
