Category Archives: Behavioural Finance

Controlling Beta Risk in ETF Portfolios

For years I’ve been preaching the merits of being an active investor versus a passive investor. The unique aspect of my approach is to use passive index strategies with ETFs to make active asset allocation decisions. Asset allocation is far more important than security selection

Is the Long-Term Bull Market Over for Bonds?

Judging if the near 37-year bull market in interest rates is over is not a simple exercise. Many bond pundits have made the call recently. The pattern of lower yield highs and lower yield lows have continued for decades. Calling the end of this trend

Why is the Yield Curve Still Flattening?

I have said many times over the years that the bond market is often the best forecaster of the economy, but it’s not typically until the yield curve inverts (when short term yields become higher than long term yields) that we must worry about what

The Case for Having US Dollar Exposure

There are several key factors all coming together in the next few weeks to months that should shape a somewhat bearish outlook for the Canadian dollar for the next year or two. Here’s a look at them: BANK OF CANADA (BoC) This week, the market