Topic: How To Invest

What is Pat’s commentary for the week of June 20, 2017

Article Excerpt

Dear Inner Circle Member, A number of our portfolio management clients recently asked questions that may interest our Inner Circle members. “Pat, I find your analysis of the Trump phenomena interesting. But I wonder how much difference it makes to our Canadian stock market and economy. What do you think?” The Trump phenomena makes a lot of difference to many of our clients’ portfolios, since we’ve advised for some time that you should invest a third or more of your money in U.S. stocks. The rise in the U.S. dollar to $1.34 Cdn. has given our clients and readers a large paper gain, and a much bigger stake in what goes on in the U.S. Tax reform, a key part of the Trump mandate, is also crucial to Canada’s economic health. The U.S. tax code has become a nightmare due to constant tinkering and politically engineered loopholes. This in my view helps explain why the economic recovery that began in 2009 has been the…