December 18, 2019That’s exactly what the U.S. consumer is doing for the economy. In a $22 trillion cauldron, consumption makes up about 68%, or $15 trillion of U.S. GDP. So, as much as Trump talks up manufacturing or coal or steel, it’s everyman (and woman), out there spending, day in and day out, that is driving economic growth. But they’re not going crazy.
December 11, 2019Saudi Aramco is +10% in its first day of trading after the IPO which raised $25.6B USD. Today’s price values the company at $1.88T USD…somewhat below the Prince’s aspired for $2T, but a princely sum nevertheless. For comparison, the total market capitalization of all the 233 S&P TSX Composite index constituents combined is $1.97T USD.
December 4, 2019Of course, that phrase has become familiar because of a car ad on TV, but its applicability to the stock market in December of 2018 was undeniable. Most of us remember December of last year pretty vividly, as the equity markets sold off sharply and made a distinct low on Christmas Eve of all days.
March 5, 2019Canadian banks are important…not just to Goodreid’s clients (although they are very important to us, comprising nearly 20% of our Canadian portfolio), but to the overall direction of the S&P TSX Composite Index which is 23% comprised of banks and more broadly to the overall Canadian economy as conduits for investment and lending and as some of the largest employers in the country.
November 8, 2017Investment lore tells us that “there’s gold in them there hills”, when it comes to initial public offerings (IPOs) of stocks. Surely everyone has heard stories of those fortunate enough to “get in on the ground floor” of McDonalds, Microsoft, Tim Hortons, Apple, Dollarama, Amazon, etc. and the countless number of times those stocks have multiplied since then.
September 26, 2016Today marks the thirtieth anniversary of an investment approach developed to aid investors who were searching for a path to long-term wealth creation.
August 18, 2016On August 4th, the Globe and Mail reported that just 17% of large-capitalization equity fund managers in Canada outperformed their benchmark in the second quarter, which proved to be the worst quarter for active managers in at least 17 years.
February 12, 2016Market corrections are uncomfortable. Investors’ emotional responses are rooted in the worry that a catastrophe will occur. Our companies go bankrupt. Stock prices go down and STAY DOWN…or become worthless.
September 3, 2014It seems that every time I look at the Business section of a newspaper or tune into a Business channel someone is asking whether we should “take some off the table”. This bugs me on a couple of levels.