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 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 investment advice, and shows you how you can put it into practice right away. Today’s tip: “The best way to stay ahead of the market—and all the people who manage to underperform it—is to avoid going in and out trying to buy low and sell high.”...
Pat McKeough responds to many requests from members of his Inner Circle for specific stock investing advice, 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. Last week an Inner Circle member asked us whether a well-known watch and jewellery distributor is a “steal” after its share price slumped following a recent surge. Movado does not make watches, but sells and distributes them under its own brand and through notable designer names. Pat assesses the company’s business and its growing market share and looks at Movado’s prospects of maintaining its leading position in the $500 to $1,500 price range for watches. Q: Movado is a steal, or so it appears: it surged to around $44 but has now slumped. Is this a buy, or are the fundamentals wrong in this overly competitive fashion business?...
Retirement is a subject we’re asked about all the time. And it’s one that we deal with on a practical day-to-day basis with our Successful Investor Wealth Management clients. That’s why I’ve just released a new Special Report: Your 12-Step Countdown to the Retirement You Want. Just like our other Special Reports, we make it available to our readers free of charge. You can download it here. In this report, we present a progression of 12 steps that successful investors take to ensure a secure and rewarding retirement. A fulfilling retirement is not simply a matter of accumulating sufficient wealth to give you peace of mind. It is equally a matter of knowing what you will do—in effect, ensuring that you will be as active and productive with your time as you were during your working days....
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 strategy, including stock trading advice, and shows you how you can put it into practice right away. Today’s tip: “Frequent portfolio turnover is a drain on your profits, so most of your investments should be ones you want to hold on to indefinitely.”...
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. Leisureworld Senior Care Corp., $13.28, symbol LW on Toronto (Shares outstanding: 36.3 million; Market cap: $481.6 million; www.leisureworld.ca), is one of Canada’s largest operators of seniors’ housing and the biggest licensed long-term care provider in Ontario....
Pat McKeough responds to many requests from members of his Inner Circle for specific investment advice, 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. Recently an Inner Circle member asked us about a leading Canadian specialty food maker. Premium Brands draws two-thirds of its revenue from retail and the rest from food services. The company continues to expand aggressively and Pat assesses the flurry of acquisitions it has made in recent years. He considers the high debt Premium has assumed to make its acquisitions and whether it can continue to maintain its high dividend. Q: Pat: Can you please give me your opinion of Premium Brands for income and gains in the specialty food sector? Thanks....
Every Wednesday, we publish our “Investor Toolkit” series on TSI Network. Whether you’re an aggressive or a conservative investor, these weekly updates are designed to give you specific investment advice and stock investing tips. Each Investor Toolkit update gives you a fundamental piece of investing strategy, and shows you how you can put it into practice right away. Today’s tip: “It’s easy to assume that frequently-quoted investment rules are based on successful experience, but they can often prove to be misleading and harmful.”...
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. Empire Company Ltd. (symbol EMP.A; www.empireco.ca), is a diversified Canadian firm based in Stellarton, Nova Scotia....
Every Wednesday, we publish our “Investor Toolkit” series on TSI Network. Whether you’re a new or experienced investor, these weekly updates are designed to give you specific investing advice on the widest possible variety of topics. Each Investor Toolkit update gives you a fundamental tip and shows you how you can put it into practice. Today’s tip: “There’s a high failure rate for those who start their own businesses, but if you know how to make the right choices, it’s still your best chance of getting rich.”...
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. Timbercreek Senior Mortgage Investment Corp. (symbol MTG on Toronto; www.timbercreek.com), is a mortgage investment corporation....
