Category Archives: Behavioural Finance

How Should You Use Gold In Your Portfolio?

The most important portfolio factor for many investors is diversification. Lowering portfolio risk while generating yield is something that every investor should strive for. One asset class that engenders a multitude of emotions but has no yield is precious metals and gold in particular. Gold

Webinar Replay: Smart Portfolios with Larry Berman

For those of you who missed Larry’s webinar on June 29th, or missed The Investor’s Guide to Thriving series this past spring (or if you attended but just want to see the presentation again) you are in luck! Below you will find a link to

Why 4% Growth is a Thing of the Past

Adam Smith wrote in the Wealth of Nations that people would get bored of monotonous, repetitive labour. There is good news and bad news. The good news is that Robotics and Artificial Intelligence will likely take most of the boring monotonous jobs. The bad news

A Look at Why The Federal Reserve is Bad for America

Last week we looked at the meaning behind the flattening yield curve. Despite the fact that the Federal Open Market Committee (FOMC) raised rates last week and was more hawkish than expected, longer-term bond yields actually declined versus the conventional wisdom that tightening Fed policy

Chinese Credit Risk Rising

The bull market from 2003 to 2007 was led by dramatic growth in US housing and dramatic growth in China. The Chinese boom drove the demand for commodities and was the major catalyst in the previous cycle. A few weeks ago, Google (GOOGL Alphabet) surpassed

The Canadian Dollar May Be Close to a Bottom

The last time our three key Canadian dollar indicators lined up like this, the Canadian dollar rallied from 67 cents to 80 cents in early 2016. The most stable longer-term driver of the Canadian-U.S. Dollar exchange rate is the interest rate differential between short-term bond

What are the Most Important Considerations When Investing Globally?

We get many questions on foreign currency hedging. When investing globally in developed markets, currency is often the most important consideration in the difference in returns. With the French election uncertainty mostly behind us and most strategists suggesting Europe is getting stronger, what is the

The Liquidity Trap: Can Interest Rates Normalize?

The Federal Open Market Committee (FOMC) meets this week and word is they will begin planning how to reduce the balance sheet. Yellen has long said the Fed has a plan to do this. At a high level, the US economy has been growing at