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In a recent blog, I expressed the view that ETF’s were better investments than many mutual funds. A recent report on Mackenzie Financial Corp Canadian Shield Fund illustrates the point. Nat’l Post July 13, 2011 This fund started up late 2009 and raised more money subsequently totaling just under $200 million. The fund was seeking...
Diversification in Your Portfolio A Supposed Truism – “Mitigate Risk by Investing in Different Sectors” We are constantly barraged with advice from our financial advisors insisting that the way to make money and to minimize risk, is to widen your scope of investing. We are constantly advised that having a percentage of your portfolio in...
Are we really applying common sense to the way we govern, or are we laying the seeds of our own destruction? The issue here is that free society continually strives to protect the rights of the individual in the belief that if we protect each of us individually, then we protect society against dictators, despots...
Supposed Basic Rights in Democratic Societies In democratic societies, we feel that we have a moral obligation to protect the rights of the individual. This basic belief pervades most of our rational thought and puts a slant on many of our decisions. If only life were that simple; that one concept was universally applicable. Unfortunately,...
An Incredible Rise, Followed by a Fall in Price What always amazes is how something can rise 400% in value which is really quite astonishing, and then when it retreats a bit, the headlines are all about the percentage fall. I suggest the reader examines the comparison of where silver is now, compared to where...
New US Government Employees Republicans in the US claim to be fighting for a reduction in the US deficit. As part of this initiative, they claim that included in the Obama recovery funding was the hiring of 250,000 new government employees, whose function is to regulate and oversee business, financial, medical and other aspects of...
A Reminder of the Seasonality of Stocks Over the past weeks, we have seen a gradual lowering of the major stock market indexes. People are watching this weaknesses and comparing it to a number of factors that they are hearing in the news. Observers link this weakness to bad news. The market moves of its...
Financial Statements are Now Designed to Protect the Auditor In my previous blog, I discussed how incomprehensible financial statements have become. By the sheer volume and detail of information, they confuse the reader. The trick is to give so much detailed and professional explanation in these documents, that no-one except the most sophisticated of readers...
In my blog of December 9, 2010, I pointed out how our capitalist society suffers from dramatic up and down cycles that rob the middle class of their wealth and earnings. I suggested 10 points that would very much moderate these cycles and bring about a far better capitalist society. This is the 8th of...
“Imagination is more important than knowledge. For knowledge is limited , whereas imagination embraces the entire world, stimulating progress, giving birth to evolution.” – Albert Einstein (1879 – 1955) When the Market Shows Weakness We start with a famous quote from Albert Einstein. Normally people attribute the meaning of the quote to someone searching for...