The Finish Line Commentaries

Good day, Over the past 18 months, I’ve been highlighting the importance of maintaining a healthy allocation to alternative investments such as private debt/credit and real estate.  Pension plans and institutional investors have been doing so for decades, meanwhile, retail investors have not had access to these investment vehicles in the past. One of our Ontario advisors found an excellent article that covers UBS’ recent survey of 360 Family Offices of the ultra-high net worth.

August Commentary

Posted on 09/06/2019

Good day, Most of the market’s action during August was a result of the ongoing U.S.- China trade war along with reaction to President Trump’s angry tweets. The tweets ordered all U.S. companies to move out of China, while another scolded Fed chair Jerome Powell for not giving clearer guidance on the pace of interest rate cuts. For the month, the TSX gained 0.22% while the S&P 500 (CAD) fell 0.92%. Bonds rallied hard on

Goodbye 60/40

Posted on 08/16/2019

For decades advisors and investors alike have followed the “balanced” investment approached of holding +/- 60% in equities & +/- 40% in bonds.  The rationale was that equities would provide the growth in a portfolio while its fixed income allocation would soften the volatility impact of the equities while providing a healthy stream of income.  With an unprecedented extended period of short-term interest rates which is likely not going to change anytime soon, this approach

Q2 Snippets

Posted on 07/12/2019

Happy Friday, Coming off a strong rally in Q1, in Q2 stocks continued higher at a more moderate but still healthy rate with the S&P500 gaining 1.84% (in CAD) and the TSX Composite 2.59%. Equity markets were volatile in Q2 with April and June seeing strong rallies while May’s returns erased April’s gains.  The market is often a game of tug of war; at present, global economic indicators are weakening, and tariffs are having an

June 2019 Wrap-Up

Posted on 07/08/2019

Good day, On the backdrop of what has been an odd first half of 2019, global stock markets rebounded in June as the US canceled tariffs on Mexico and the central bank’s sweet talk led to falling interest rates; the TSX Composite rose 2.52% while the S&P 500 rose 3.3% (in CAD). The Canadian Unive