Wealth Management
If you’re new to investing, a good place to start managing your wealth is to consult your tax preparer or accountant. They may be able to provide you with financial planning services. They may also be able to refer you to somebody who can.
There are three types of professional wealth management services you can use.
- A full service stock broker - A good stock broker is one who understands investing and who has the integrity to settle conflicts of interest in the client’s favour. Good stock brokers can provide an effective and economical way to manage your investments. But if you are going to use a full-service broker, take the time to find a broker you can trust.
- A discount stock broker - A discount stock broker will simply carry out buy and sell orders for their clients, and charge lower commission rates than full-service brokers. You pay even lower commissions if you trade stocks online, instead of placing orders over the phone.
- Portfolio managers - A portfolio manager is someone who fully manages your wealth portfolio and has a fiduciary responsibility to make sound investment decisions on your behalf. Portfolio managers are more stringently regulated than full-service or discount brokers.
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Every Monday we feature “A Stock to Sell” as our daily post. With every stock or investment we recommend as a sell, we give you a full explanation of why we advise against investing in it at this time.
RepliCel Life Sciences Inc., (symbol RP on Toronto; www.replicel.com), aims to develop and patent its hair-loss treatment.
RepliCel’s technology uses cells taken from each patient’s own healthy hair follicles to reproduce and “reintroduce” cells to the affected areas. RepliCel also believes it can use its technology to treat a variety of issues that stem from cell deficiencies, including chronic tendinosis and aging skin.
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RepliCel Life Sciences Inc., (symbol RP on Toronto; www.replicel.com), aims to develop and patent its hair-loss treatment.
RepliCel’s technology uses cells taken from each patient’s own healthy hair follicles to reproduce and “reintroduce” cells to the affected areas. RepliCel also believes it can use its technology to treat a variety of issues that stem from cell deficiencies, including chronic tendinosis and aging skin.
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Every Thursday we bring you one of our best U.S. stock picks. You get our specific recommendation on the stocks we profile, with a full explanation of how we arrived at our opinion. You will read about stocks making moves you should know about, most often from coverage in our newsletter on U.S. investing, Wall Street Stock Forecaster.
VISA INC. (New York symbol V; www.visa.com) operates the world’s largest electronic payments network, through which it processes credit, debit, prepaid and commercial transactions.
Visa gets most of its revenue from fees it charges the card issuers and merchants that use its network. It bases these fees on transaction volumes and other factors. The banks that issue the cards are responsible for evaluating customer creditworthiness and collecting payments, not Visa.
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VISA INC. (New York symbol V; www.visa.com) operates the world’s largest electronic payments network, through which it processes credit, debit, prepaid and commercial transactions.
Visa gets most of its revenue from fees it charges the card issuers and merchants that use its network. It bases these fees on transaction volumes and other factors. The banks that issue the cards are responsible for evaluating customer creditworthiness and collecting payments, not Visa.
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Every Tuesday we bring you “Best Canadian Stocks.” You get our specific recommendation on the stocks we profile, with a full explanation of how we arrived at our opinion. You’ll read about stocks making moves you should know about, from coverage in one of our three newsletters featuring Canadian stocks—The Successful Investor, Stock Pickers Digest and Canadian Wealth Advisor.
CANADIAN TIRE CORP. (Toronto symbol CTC.A; www.canadiantire.ca)operates 492 Canadian Tire stores, which specialize in automotive, household and sporting goods. It also owns other retail chains, such as Mark’s (casual clothing) and SportChek.
The company continues to add new locations and renovate older stores. It’s also benefiting from its 2011 purchase of the Forzani Group of sporting goods stores, including the popular SportChek banner. These moves are helping it compete with U.S.-based retailers like Wal-Mart.
Earlier this year Canadian Tire agreed to sell 20% of its credit card operations to Bank of Nova Scotia for $500 million. The company has an option to sell an additional 29% to the bank over the next 10 years.
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CANADIAN TIRE CORP. (Toronto symbol CTC.A; www.canadiantire.ca)operates 492 Canadian Tire stores, which specialize in automotive, household and sporting goods. It also owns other retail chains, such as Mark’s (casual clothing) and SportChek.
The company continues to add new locations and renovate older stores. It’s also benefiting from its 2011 purchase of the Forzani Group of sporting goods stores, including the popular SportChek banner. These moves are helping it compete with U.S.-based retailers like Wal-Mart.
Earlier this year Canadian Tire agreed to sell 20% of its credit card operations to Bank of Nova Scotia for $500 million. The company has an option to sell an additional 29% to the bank over the next 10 years.
Every Monday we feature “A Stock to Sell” as our daily post. With every stock we recommend as a sell, we give you a full explanation of why we advise against investing in the stock at this time. Adidas AG (ADR) (symbol ADDYY on the U.S. over-the-counter market; www.adidas.com) together with its subsidiaries, develops, makes and markets athletic equipment and clothing worldwide. The company operates through six segments: Wholesale, Retail, TaylorMade-Adidas Golf Company, Rockport, Reebok-CCM Hockey and Other Centrally Managed Brands....
Every Thursday we bring you our best U.S. stock picks. You get our specific recommendation on the stocks we profile, with a full explanation of how we arrived at our opinion. You will read about stocks making moves you should know about, most often from coverage in our newsletter on U.S. investing, Wall Street Stock Forecaster. Procter & Gamble’s sales have slowed in recent years, mainly due to competition from cheaper generic brands. In response, the company is eliminating less profitable household goods and cutting costs. It’s also doing a good job of developing new products and finding new markets for existing ones. These moves will give Procter more room to adjust its prices without hurting its profit margins. They’ll also provide more cash for share buybacks and dividend hikes....
Every Tuesday we bring you “Best Canadian Stocks.” You get our specific recommendation on the stocks we profile, with a full explanation of how we arrived at our opinion. You’ll read about stocks making moves you should know about, from coverage in one of our three newsletters featuring Canadian stocks—The Successful Investor, Stock Pickers Digest and Canadian Wealth Advisor.
Maple Leaf Foods is nearing the end of its multi-year plan to unload less profitable businesses and modernize its meat-processing plants. The plan’s costs have depressed the company’s current earnings, but it greatly improves its longer-term prospects.
MAPLE LEAF FOODS INC. (Toronto symbol MFI; www.mapleleaf.ca) is Canada’s largest foodprocessing company. It mainly sells its products, including fresh and prepared meats and poultry, under the Maple Leaf and Schneider brands.
In May 2014, the company sold its 90.0% stake in Canada Bread, Canada’s second-largest producer of baked goods after Weston Bakery. It received $1.66 billion for this holding.
Meanwhile, Maple Leaf continues to make progress with a major restructuring of its meat-processing operations, which mainly involves closing older plants and shifting their operations to newer facilities. The company expects to complete the plan by the end of 2015.
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Maple Leaf Foods is nearing the end of its multi-year plan to unload less profitable businesses and modernize its meat-processing plants. The plan’s costs have depressed the company’s current earnings, but it greatly improves its longer-term prospects.
MAPLE LEAF FOODS INC. (Toronto symbol MFI; www.mapleleaf.ca) is Canada’s largest foodprocessing company. It mainly sells its products, including fresh and prepared meats and poultry, under the Maple Leaf and Schneider brands.
In May 2014, the company sold its 90.0% stake in Canada Bread, Canada’s second-largest producer of baked goods after Weston Bakery. It received $1.66 billion for this holding.
Meanwhile, Maple Leaf continues to make progress with a major restructuring of its meat-processing operations, which mainly involves closing older plants and shifting their operations to newer facilities. The company expects to complete the plan by the end of 2015.
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Every Monday we feature “A Stock to Sell’ as our daily post. With every stock we recommend as a sell, we give you a full explanation of why we advise against investing in the stock at this time. LifeLogger Technologies (symbol LOGG on the U.S. over-the-counter market; www.lifelogger.com) is a Florida company that aims to market its gum-packet-sized LifeLogger wearable camera....
Every Thursday we bring you our best U.S. stock picks. You get our specific recommendation on the stocks we profile, with a full explanation of how we arrived at our opinion. You will read about stocks making moves you should know about, most often from coverage in our newsletter on U.S. investing, Wall Street Stock Forecaster.
This company provides vital services in the investment industry. It’s a market leader with a well-established brand, which makes it hard for competitors to lure away its customers.
BROADRIDGE FINANCIAL SERVICES INC. (New York symbol BR; www.broadridge.com)serves the investment industry in three main areas: investor communications, securities processing and transaction clearing. The company processes 85% of all proxy votes in the U.S.
Without one-time items, Broadridge earned $0.30 a share in its fiscal 2015 first quarter, which ended September 30, 2014. That’s down 23.1% from $0.39 a year earlier. The decline came from higher compensation, plus expanded sales and marketing costs, related to new business.
Overall revenue gained 1.9%, to $555.8 million from $545.2 million. Revenue from contracts that pay recurring fees rose 4% and accounted for two-thirds of the total. The remaining third comes from one-time events, such as notifications of special shareholder meetings and distributing information when mutual funds change managers.
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This company provides vital services in the investment industry. It’s a market leader with a well-established brand, which makes it hard for competitors to lure away its customers.
BROADRIDGE FINANCIAL SERVICES INC. (New York symbol BR; www.broadridge.com)serves the investment industry in three main areas: investor communications, securities processing and transaction clearing. The company processes 85% of all proxy votes in the U.S.
Without one-time items, Broadridge earned $0.30 a share in its fiscal 2015 first quarter, which ended September 30, 2014. That’s down 23.1% from $0.39 a year earlier. The decline came from higher compensation, plus expanded sales and marketing costs, related to new business.
Overall revenue gained 1.9%, to $555.8 million from $545.2 million. Revenue from contracts that pay recurring fees rose 4% and accounted for two-thirds of the total. The remaining third comes from one-time events, such as notifications of special shareholder meetings and distributing information when mutual funds change managers.
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Pat McKeough responds to many requests from members of his Inner Circle for specific advice on stock investment tips as well as questions on investment strategy and the economy. Every week, his comments and recommendations on the most intriguing questions of the past week go out to all Inner Circle members. And each week we offer you a report on one of the stocks profiled in these Q&A sessions. We give you Pat’s buy-hold-sell recommendation as well as his analysis of the stock. This is part of the specific buy, hold and sell advice we offer you in our daily posts. Every week you get “A Stock to Sell” on Monday, “Best Canadian Stocks” on Tuesday, and “Our Top U.S. Stocks” on Thursday.
This week an Inner Circle member asked us about the biggest retailer of natural and organic foods in the U.S. Whole Foods is the clear leader in its niche market and has expanded beyond the United States with nine stores in Canada and nine in the U.K. Pat assesses the company’s success in tapping into the growing interest in natural foods, its ambitious expansion plans and the state of its balance sheet. He also looks at its ability to improve efficiency and keep prices in line as it attempts to capture a growing share of the increasingly health-conscious baby boom generation.
Q: Hi, Pat. Thanks for your many years of great advice. Could you please give me your thoughts on Whole Foods?
A: Whole Foods Market Inc. (symbol WFM on Nasdaq; www.wholefoodsmarket.com), is the largest retailer of natural and organic foods in the U.S. The company was founded in Austin, Texas, in 1980, when three local businessmen decided the natural food industry was ready for a supermarket format.
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This week an Inner Circle member asked us about the biggest retailer of natural and organic foods in the U.S. Whole Foods is the clear leader in its niche market and has expanded beyond the United States with nine stores in Canada and nine in the U.K. Pat assesses the company’s success in tapping into the growing interest in natural foods, its ambitious expansion plans and the state of its balance sheet. He also looks at its ability to improve efficiency and keep prices in line as it attempts to capture a growing share of the increasingly health-conscious baby boom generation.
Q: Hi, Pat. Thanks for your many years of great advice. Could you please give me your thoughts on Whole Foods?
A: Whole Foods Market Inc. (symbol WFM on Nasdaq; www.wholefoodsmarket.com), is the largest retailer of natural and organic foods in the U.S. The company was founded in Austin, Texas, in 1980, when three local businessmen decided the natural food industry was ready for a supermarket format.
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Every Wednesday, we publish our “Investor Toolkit” series on TSI Network. Whether you’re a beginning or experienced investor, these weekly updates are designed to give you specific investment advice. Each Investor Toolkit update gives you a fundamental piece of stock market advice, and shows you how you can put it into practice right away. Today’s tip: “The value and quality of the stocks you consider are far more important than what the share price happens to be doing at any given moment.”...
