Q: Pat: My ex-broker bought a large position in Cymbria for my portfolio. I am now managing my own investments and must decide whether to keep the stock or sell. I would appreciate your opinion on Cymbria. Thanks.

A: Cymbria Corp., $56.00, symbol CYB on Toronto (Shares outstanding: 22.6 million; Market cap: $1.3 billion; www.cymbria.com), is a closed-end fund that invests in a portfolio comprised largely of publicly traded stocks.

Separately, the fund owns 20.7% of EdgePoint Wealth Management, a private firm that sells… Read More

What is Pat’s commentary for the week of June 2, 2015

One of the cardinal rules of successful investing is to invest mainly in simple, plain-vanilla investments. This rule limits your choices to two main categories: stocks and bonds. By confining yourself to these two investment categories, you still have all the investment choice you need… Read More

We still like some Ivy funds

In the past, investors bought mutual funds within the “fund families” promoted by fund sellers for a couple of main reasons.

Mutual funds within a particular fund family often shared some key investment characteristic, such as a conservative or aggressive investment approach, or a stress on… Read More

What to Do With Banks

At times like this, when deciding what to do with your portfolio, you should resist the urge to dump high-quality investments just because you think they may get dragged down by a further decline in the market.

After all, when things look bleakest (as they do… Read More

Ivy Funds: 2 Buys, 2 Sells & One Hold

At one time, mutual funds within a particular ‘fund family’ often shared some key investment characteristic, such as a conservative or aggressive investment approach, or a stress on value as opposed to growth.

However, due to corporate mergers and takeovers in the mutual-funds industry, and more… Read More

Just Two of These Ivy Funds Are Buys

At one time, mutual funds within a particular ‘fund family’ often shared some key investment characteristic, such as a conservative or aggressive investment approach, or a stress on value as opposed to growth.

However, due to corporate mergers and takeovers in the mutual-funds industry, and more… Read More