Asset Allocation for the Wealthy I don’t always recognize good investment opportunities when I see them. But I do know that we should never invest in funerals… because it’s a dying industry. But when I run out of investment ideas I usually turn to the wealthy. I think it’s extremely important to follow what rich people do. It gives us insight about financial… Read More »
Sherritt Restructures its Debt Earlier this year Sherritt International, a Canadian mining company, announced plans to extend its debt maturity by 3 years in order to weather the current commodity downturn. Out of the $720,000,000 debt that will get the extension, $5,000 of it is owned by me. 😀 A couple of years ago I purchased some Sherritt… Read More »
Introduction to the World of Private Equity When there are fewer bargains to be found in the stock market, investors will seek alternative ways to make money. So what else is out there besides stocks? One viable option may lie in the enthralling world of private equity! 🙂 Investing in the stock market is like working in a knife factory; after… Read More »
Bull Market Continues July was another fantastic month for stocks! Earnings from technology companies held up to expectations which drove up the Nasdaq composite by 6%. The other major US indexes and even the Canadian stock market increased a bit as well, although it’s hard to understand why since other than the tech sector, most companies had stagnant profits. 😕 Nevertheless,… Read More »
Stock Markets Reach Record Highs… Again Both the Dow Jones and the S&P 500 indexes have climbed to all time highs in late July. 🙂 But corporate earnings have been stagnant and economic growth remains weak. Restaurant sales have slowed. The U.S. economy only grew a disappointing 1.2% in the second quarter, well below expectations. 😕 So what’s… Read More »
University Grads Make More Money Over Time According to a recent study from the University of Ottawa, the cost of higher education is still worth it. University degrees are linked to higher salaries almost regardless of the subject. 🙂 The study published this week looked at income data for 620,000 graduates of 14 different universities and colleges between 2005… Read More »