While you are celebrating with your family or you simply enjoy the gentle snow falling on the street (the view from my home office is marvelous right now), well… I’m doing exactly the same! I’m taking a week off from this buzzing world to play Lego with my little one, to cook with my daughter, and to (still) beat my oldest son at NHL 2018 (Gotta love the Preds with PK!). I’m then leaving you with the Best of the Blog separated in three categories: The end of my one year trip Between June …
Investing is like Cooking – An Investing Guide for a Good Recipe
I like to describe myself as a man of many passions. In fact, I rarely do something if I’m not passionate about it. My passions include (but are not limited to!) investing and cooking. I just love my Fridays and Saturdays when I have the time to cook a good meal and accompany it with some music and a delicious bottle of wine. Interestingly enough, there are a lot of lessons to learn from cooking that can be applied to investing. Today, I want to use this analogy a little bit further to simplify …
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Williams vs ONEOK: Two U.S. Pipelines, One Dividend Growth Winner
Most pipelines lost 10% or more from their summer highs. Williams fell 12%. ONEOK fell 9%. Nothing broke inside either company. Both raised their guidance for the year. When a whole sector drops for reasons unrelated to the businesses, I want to know which names deserve a closer look. I covered Enbridge and TC Energy in my free pipelines report. Today I am looking south of the border at two companies a Canadian can hold the same way they hold Enbridge. *Disclosure: I don't own Williams …
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4 Signs of a Bear Market, and Why I Am Still Fully Invested
I have been fully invested in stocks for 23 years. I tell you to stay invested, and I mean it. Right now, indicators suggest a bear market is brewing. Four things bother me at the same time, and that has not happened in a while. Not one of them is making me sell a share. *Disclosure: I own National Bank (NA.TO), Canadian Natural Resources (CNQ.TO), Apple (AAPL) and Microsoft (MSFT). This is education, not advice. Do your own due diligence. Is a Bear Market Coming? Four pressures are …
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Wealthsimple Revenue: Why $155 Billion Earns Less Than You Think
Wealthsimple holds $155.6 billion for 3.6 million clients. Assets are up 84% in one year. The second quarter alone added $30.8 billion, with roughly $17 billion of that arriving as net inflows. Now open Power Corporation's second quarter and look for the Wealthsimple line. You will find Great-West Lifeco at $871 million. You will find IGM Financial at $211 million. You will find Sagard at $33 million. You will not find Wealthsimple. That gap between the story and the statement is the …
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BMO and Scotiabank Earnings: Great Results at a 39% Premium
Scotiabank grew earnings per share 21% last quarter. BMO grew 22%. Both used the word record. Neither was exaggerating. This is the best week of the summer if you own Canadian banks, and it started about as well as it could have. I went through both quarters line by line looking for a problem. In the operations, I could not find one. I found something else instead. It is not in the results. It is in the price. Here is the short version. The growth is real. Most of it came from two …
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