Commentary
Reduce Short Term Angst
Stephen Lowrie
Dec 15, 2007
In the September issue of VIEWS, I wrote about the sub-prime mortgage “noise” created in the media and in the minds of many investors. I asked, “What's happening and what does it mean to me?” The full implications of this ‘debt crisis’ for equity returns are not yet known, and probably won’t be for...
Increasing Your Share of Investment Returns - Part 1
Stephen Lowrie
Jun 15, 2007
What do proper asset allocation and mindful tax and fee management have in common? They are critical to increasing your share of investment returns you keep. Market outcomes are beyond anyone’s control. While you can’t predict financial market returns, you can influence the level of investment returns...
Increasing Your Share of Investment Returns - Part 2
Stephen Lowrie
Jul 30, 2007
How can you choose the income option that gives you the cash flow you need while staying tax-efficient – without undue portfolio risk?
When creating the cash flow you need for a long, secure retirement, it’s important to compare the way different cash-generating investments...
An update on Canada's Safest Stock
Stephen Lowrie
Apr 4, 2007
The unbridled enthusiasm certainly seems to have disappeared on Tim Horton’s shares. Last year at this time, Tim Horton’s initial public offering was “the stock can’t miss.” Amazing what can change over a year. It seems that Tim Horton’s has fallen off the front pages of the financial press, replaced...
Science Trumps Fad
Stephen Lowrie
Sep 22, 2006
Over the last couple of years I have talked about a new model of investing. A model that is not based on speculation, but on the science of capital markets. The science is based on decades of research. Research done in the academic community, where there are no hidden biases or products to sell. One...
Risk and Return are Related
Stephen Lowrie
Jun 16, 2008
It’s official - the TSX Composite Index has “officially” experienced a correction. A correction is usually defined as more than a 10% pullback. While any correction is un-predictable in advance, some sort of pullback was not unexpected. It has been 959 consecutive trading days (since October 2002,)...
Canada's Safest Stock
Stephen Lowrie
Mar 10, 2006
There seems to be a lot of unbridled enthusiasm about Tim Horton’s Initial Public Offering this year. In fact, the shares went up over 20% on their first day of trading. It has been a while since heard comments like … “this stock can’t miss” or “it’s a sure winner.” Seems strange, that something...
Capital Markets Work
Stephen Lowrie
Aug 1, 2005
Back in January, I said that I wasn’t going to make any forecasts. I actually went even further, suggesting that it doesn’t matter what the so-called experts predict as well. Well, it’s half way through the year and one thing I know for sure is that things have turned out differently than most...
The Price Of Oil
Stephen Lowrie
Nov 1, 2004
The price of oil… A tale of two forecasts? A lot of information on the price of oil has passed my desk over the last few weeks. Here are a few points representative of what I’ve seen: • World energy consumption is projected to increase substantially over the next 20 years. • While demand for...
