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He's always cautious. Tremendous number of acquisitions, which they've done well. Window's been open for capital in the space. Sometimes the market will love it and leave it if they make a mistake.
If you already own it you probably own enough, as it's done so well it has to be a bigger weight in your portfolio. Wait to buy more, don't double down at these prices.
He likes stocks that just trend steadily upwards over a long period of time. It gives a better psychological balance for his clients to stay invested and continue to fund their lifestyle.
The businesses he chooses aren't that exciting, so it's hard to ramp them up too much. But by the same token, you can't take them down. No stock is completely immune, but he tries to make choices where it happens less.
There are certain stocks that the market will love and leave. It's not a commentary on management, but on how the stock market deals with certain businesses. Retail and tech can act the same way. Volatility is embedded just based on how large pools of capital treat certain investments.
LNG Canada shores up the floor for pricing, so it should finally make it more rational for producers than to go on those crazy cycles. But the other side is that gas is a very robust commodity once you turn on the taps. Coastal GasLink won't be accepting gas until the back half of this year, and LNG Canada will take time to be at full capacity.
We're getting close, and we'll have to see how the producers respond. He's very positive long term. But short-medium term, anything can happen. He remains diversified. He prefers a company like CNQ to make the decisions and pull the levers, than going with a company that lives and dies by the gas price.
The other thing is that LNG to get to Asia via the Panama Canal is severely hampered right now. Creates even more of an opportunity for LNG Canada.
Not an investment he'd make. Too much variability in underlying demand, fashion in general, consumer preferences, and market whims. The kind of stock that the market gives way too much credit when it does well, and then take too much away when it does badly.
If you own, you might buy some more to average your way out of it, because there probably will be a better day for it. But you better be really sure that they're managing the business correctly and it's not just a stock price phenomenon of the stock market wagging the dog. Reports today.
He tends to stick with absolute needs that compound steadily over time. His stocks aren't super exciting, but they don't get smoked down either.
All the banks have them, but different classes. So a fund manager can buy an F class, which has no fee and pays 4.8%. Discount brokerages offer A class, which takes a fee. It's bank interest, not commercial paper or money market, so it's the safest.
Look up the codes online with "high interest savings account". If you have trouble, call your provider to find out which one you're able to buy.
These differ from traditional money market funds in that they're a vehicle to collect bank deposits. It's not a security, it's just a bank deposit, same as a savings account.
Close in valuations. Owns and likes both, but Telus a little better at these levels, as it has not as much capex ahead plus diversified businesses. BCE has more debt. Looking to increase weight of Telus. Both seem to be bottoming. Regulatory looks tougher going ahead. Be wary of any slowing in immigration, especially with any change in government.
Not the total return stories of the past 5-6 years, but good solid dividend yield. Start picking away at half positions.
Close in valuations. Owns and likes both, but Telus a little better at these levels, as it has not as much capex ahead plus diversified businesses. BCE has more debt. Looking to increase weight of Telus. Both seem to be bottoming. Regulatory looks tougher going ahead. Be wary of any slowing in immigration, especially with any change in government.
Not the total return stories of the past 5-6 years, but good solid dividend yield. Start picking away at half positions.
Really well run, proven by its track record. He needs to get comfortable with the way the company does different deals in diversified businesses, leaving management teams in place. Underlying businesses are pretty solid. Sources pilots from First Nations communities. He doesn't yet fully understand the dynamics of northern aviation. Stock doesn't fall too often, and he's looking at it.
Tremendous run over the last years. Might get commodity price softness. If we do, look to buy below $20 for the long term; really likes it mid-high teens. LNG Canada will benefit. Owns a lot of its own infrastructure, which insulates from commodity price swings. Free cashflow yield is in mid-teens, dividend increases, organic growth. Yield is 3.3%.
(Analysts’ price target is $27.52)Breaking out of a more than decade-long range. Finally have some fundamentals on LTC portfolio. Reinsurance deal was better than expected. Underlying business performing pretty well. Asia has both potential and potential risks. Not expensive. Have to see if the big institutional money moves in. Yield is 5.05%.
(Analysts’ price target is $31.11)
Really attractive at current prices. Exposure to natural gas growth in the Basin. Deal with ENB is good for them. Yield of 5.9% pays you while you wait for LNG egress to happen.