We believe that the current "free money" policies around the world of negative or zero-ish per cent central bank rates have not worked and do not work, and cannot understand why central banks continue to follow this course. The definition of insanity is doing the same thing over and over again and expecting a different result.
About Norman Levine: A CFA charter holder, Norman has more than 40 years of investment experience as an account executive, research analyst, portfolio manager, and investment strategist at Merrill Lynch Royal Securities, Crown Life, Canada Trust, Barclays McConnell and BMO Nesbitt Burns. He joined Portfolio Management in 2003 as a managing director, where he oversees discretionary portfolios for high-net-worth individuals and families. He graduated from York University with a BA and from Syracuse University with an MBA. He is a former director of the Toronto CFA Society. About Portfolio Management: Founded in 1964, Portfolio Management Corporation is among the oldest and most established independent investment management firms in Canada. Serving high-net-worth individuals and families, the firm focuses on delivering highly personalized and custom-tailored investment services through discretionary portfolio management. Using global stocks, fixed income and cash, individual portfolios are designed to provide stability and diversification. The firm currently manages more than $550 million in assets.
Politics aside, the concept behind infrastructure spending in theory makes sense: with interest rates near all-time lows and little expectation of them going up in the short term, now is probably as a good a time as any to borrow money and put it to work.
06/09/2016 12:04 EDT
Dividend stocks, especially ones with above average yields, have been excellent performers for the past few years. But with uncertainty dominating the broader economy and stock markets, a growing number of investors have raised the question of whether the good times can and will continue.
04/13/2016 05:23 EDT
We see the preferred share shakeout as a great buying opportunity, particularly among rate-reset preferreds -- especially those that have a rate reset of at least two years into the future -- as their plunge in prices has made their yields attractive and there is significant potential for capital gains if and when Canadian interest rates do begin to rise.
01/04/2016 03:06 EST
The problem, as most in the Canadian investment community know all too well, is that true diversification -- not only being in different types of investments beyond stocks and bonds but true diversification among sectors, companies and even geography -- is a tall task in the Great White North.
12/03/2015 03:34 EST
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