North American equity markets are certainly experiencing some interesting times of late. Volatility has picked up and we are now experiencing triple digit intra-day swings in the S&P 500. Many investors who started investing subsequent to the Financial Crisis have never experienced this level of volatility. If you started investing subsequent to 2009, market conditions [...]
Another month has gone by and time for a very quick update on the FFJ Portfolio’s dividend income and changes I made to the FFJ Portfolio in March 2018. In the February 2018 report I reflected 400 Canadian National Railway (TSX: CNR) shares and 400 Walmart (NYSE: WMT) shares under investment account #6. These shares [...]
Market Volatility has certainly picked up recently. Look at the iPath S&P 500 VIX ST Futures ETN (VXX). Set the interval as weekly and look at different date ranges starting from the maximum date range and work your way down to the last 3 months. Note the spike commencing early February. The VXX is [...]
Summary Paychex reported strong Q3 results on March 26th and earlier in March it announced an acquisition in Germany which will offer PAYX the opportunity to expand its market penetration in Europe. The balance sheet is pristine and it continues to generate strong free cash flow. PAYX’s stock valuation has retraced from recent highs to [...]
In previous articles I have shared my opinion on Stock Picking Rules to Follow and The Basics of Investing. I have also shared with readers in a guest post why I think Chasing Yield is Fraught with Risk. In this post I share my reasons for choosing to have a long-term outlook when it comes [...]
Summary NKE reported Q3 results March 22, 2018 which were better than expected when the one-time ~$2B impact from the Tax Cuts and Job Act is excluded. Despite the tax hit, NKE has indicated the TCJ is slightly favorable in terms of its normalized steady state effective tax rate and because it will provide NKE [...]
Summary FDX reported strong Q3 results on March 20th but the March 22nd announcement by the US government of ~$60B of tariffs on Chinese products hit the US equities hard and FDX’s stock price dropped ~5%. Amazon will be competing head on with FDX. While this can be perceived as a significant risk to FDX, [...]
Summary Alimentation Couche-Tard is the world’s 2nd largest convenience store operator. It operates in a highly fragmented industry. Its growth is being fueled through bolt-on and major acquisitions. The company has a significant presence in North America and certain regions in Europe. Growth opportunities in other densely populated regions of the world are underway. The [...]
In my recent Plan for the Unexpected – Organize Your Records article I provided a list of the records to have readily available to assist someone who must assume the role of Power of Attorney or Executor. In today’s article I touch upon what it entails to act as an Executor and the risks associated [...]
The basis for this article is a workbook by Pauper Press entitled 'I’m Dead, Now What?' which was gifted to me by John H. Wells. John is an Investment Advisor/Portfolio Manager/Vice President of Wells on Wealth Group which is located in Edmonton, Alberta. Wells on Wealth Group is part of TD Wealth Private Investment Advice, [...]
