GlobeInvestment Capital Management
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Markets. There was some geopolitical risk priced into the market before today’s events. Once we know more we can see how it unfolds. If these events hit North America people will react more negatively and so will our markets. Geopolitical risks are ongoing and we have to live with them as investors. Pre-Trump there were interesting things happening. Employment and personal income were picking up. What we are about to see is a major change in investor Psyche. The value of homes are now back to where they were pre-crash. It is possible that Trump will succeed beyond our wildest dreams. There is deregulation, repatriation tax cuts and a reduction in corporate income tax that will bump S&P earnings one time. We could be in for a very bullish two or three years. The bull market is over for the fixed income market. If the US$ does get stronger then it will dissuade the Fed from raising rates three times next year. You will see damage to your fixed income portfolio, however.
He likes it and would buy it here. They did some interesting acquisitions. 93% of it is a regulated utility. He thinks they will expand into the US. They will do well unless interest rates rise a lot.
He likes it and would buy it here. They did some interesting acquisitions. 93% of it is a regulated utility. He thinks they will expand into the US. They will do well unless interest rates rise a lot.
Gold. He is a long term bull on gold. We are creating more and more debt in the world. You have ongoing liabilities from pensions. Short term, however, gold is not going anywhere. You should have 2 to 3% of your portfolio in gold at all times. Eg. CEF.A-T
Gold. He is a long term bull on gold. We are creating more and more debt in the world. You have ongoing liabilities from pensions. Short term, however, gold is not going anywhere. You should have 2 to 3% of your portfolio in gold at all times. Eg. CEF.A-T
It is the best railroad in North America with the lowest operating ratio. He would want to see it come off 5% more before buying it right now. CP-T is a little cheaper at the moment but CNR-T has the best long term record. You have to look at what they haul and what is the outlook for what they haul. Then look at costs and cost cutting. Dividends are not as important as for a utility or pipeline.
It is the best railroad in North America with the lowest operating ratio. He would want to see it come off 5% more before buying it right now. CP-T is a little cheaper at the moment but CNR-T has the best long term record. You have to look at what they haul and what is the outlook for what they haul. Then look at costs and cost cutting. Dividends are not as important as for a utility or pipeline.
He likes it here. The chart looks similar to a lot of other American banks. It was one of the best run banks in the States until recently. He thinks it will return to its previous status.
He likes it here. The chart looks similar to a lot of other American banks. It was one of the best run banks in the States until recently. He thinks it will return to its previous status.
(Top Pick Jun 22/15, Up 31.85%) He still likes it. This is the best play. The banks may pull back 5% soon. Canadian banks are cheaper than some US banks. Risks involved are a slowdown in mortgage growth. There could be some legislative risk also.
(Top Pick Jun 22/15, Up 31.85%) He still likes it. This is the best play. The banks may pull back 5% soon. Canadian banks are cheaper than some US banks. Risks involved are a slowdown in mortgage growth. There could be some legislative risk also.
(Top Pick Jun 22/15, Up 8.56%) It has been a painful investment. Their businesses in Asia are doing well. He does not want to sell but it is a bit pricey to buy it right here.
(Top Pick Jun 22/15, Up 8.56%) It has been a painful investment. Their businesses in Asia are doing well. He does not want to sell but it is a bit pricey to buy it right here.
(Top Pick Jun 22/15, Up 10.75%) It is the only AG stock he owns. He was not enthusiastic about the merger. He has not bought it recently and does not plan to, but he will watch it. The world has to be fed.
(Top Pick Jun 22/15, Up 10.75%) It is the only AG stock he owns. He was not enthusiastic about the merger. He has not bought it recently and does not plan to, but he will watch it. The world has to be fed.
Fixed Income Market. Should you sell off bond funds? He would not stick around. Take the money and run. Look at high dividend paying stocks. Rates have been coming down since 1980. Now rates will have to go up.
Fixed Income Market. Should you sell off bond funds? He would not stick around. Take the money and run. Look at high dividend paying stocks. Rates have been coming down since 1980. Now rates will have to go up.
He doesn’t own any communications stocks. It is becoming over regulated and more competitive. It is well run and has stayed out of trouble. He does not know how much capital gain you will get but there is a reasonable dividend.
He doesn’t own any communications stocks. It is becoming over regulated and more competitive. It is well run and has stayed out of trouble. He does not know how much capital gain you will get but there is a reasonable dividend.
He likes it but does not own it directly. It is a play on the Investors Group and Great West Life. It is trading at a discount to NAV. The new transparently rules could impact their business. He believes they will be quite innovative.
He likes it but does not own it directly. It is a play on the Investors Group and Great West Life. It is trading at a discount to NAV. The new transparently rules could impact their business. He believes they will be quite innovative.
REITs. Rising interest rates should whack REITs but keep in mind that the key with REITs is how well the rentals are doing and the length of the leases compared to the cost of money. The closer you can match the maturities to the leases, the better off you are. HR.UN-T is one of his favourites. They are shedding less interesting properties and buying in the US. CSH.UN-T is another favourite because of the demographics.
REITs. Rising interest rates should whack REITs but keep in mind that the key with REITs is how well the rentals are doing and the length of the leases compared to the cost of money. The closer you can match the maturities to the leases, the better off you are. HR.UN-T is one of his favourites. They are shedding less interesting properties and buying in the US. CSH.UN-T is another favourite because of the demographics.
He is becoming quite warm toward defense stocks. This is on his watch list. They are one of North America’s largest civil flight trainers. There has been an increase in defense training in the US. There is an annual shortage of 60 thousand pilots.
He is becoming quite warm toward defense stocks. This is on his watch list. They are one of North America’s largest civil flight trainers. There has been an increase in defense training in the US. There is an annual shortage of 60 thousand pilots.
Canadian Lumber. Lumber stocks have been under pressure because of the likelihood of the imposition of duties of 25% from the US. There is a counter view that the market knows about and has discounted this position. He would not buy them, however.
Canadian Lumber. Lumber stocks have been under pressure because of the likelihood of the imposition of duties of 25% from the US. There is a counter view that the market knows about and has discounted this position. He would not buy them, however.
Midsized, gas weighted producer in Northeastern BC as well as Alberta. Pristine balance sheet with all kinds of room to grow. (Analysts’ Target: $27.24).
Midsized, gas weighted producer in Northeastern BC as well as Alberta. Pristine balance sheet with all kinds of room to grow. (Analysts’ Target: $27.24).
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Markets. There was some geopolitical risk priced into the market before today’s events. Once we know more we can see how it unfolds. If these events hit North America people will react more negatively and so will our markets. Geopolitical risks are ongoing and we have to live with them as investors. Pre-Trump there were interesting things happening. Employment and personal income were picking up. What we are about to see is a major change in investor Psyche. The value of homes are now back to where they were pre-crash. It is possible that Trump will succeed beyond our wildest dreams. There is deregulation, repatriation tax cuts and a reduction in corporate income tax that will bump S&P earnings one time. We could be in for a very bullish two or three years. The bull market is over for the fixed income market. If the US$ does get stronger then it will dissuade the Fed from raising rates three times next year. You will see damage to your fixed income portfolio, however.