investment

An investment is an asset or property acquired to generate income or gain appreciation. Appreciation is the increase in the value of an asset over time. It requires the outlay of a resource today, like time, effort, and money, for a greater payoff in the future or for generating a profit.

An investment involves using capital in the present to increase an asset’s value over time.

Investments may include bonds, stocks, real estate, or alternative investments.

Investments can be diversified to reduce risk, though this may reduce the amount of earning potential.

In business contexts, investments are financial; however, consider how some people spend time to make higher incomes in the future (i.e. invest in a college education).

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The market plunge at the start of the COVID-19 crisis lowered the unit price of most REITs. That’s because the pandemic forced many businesses—and REIT tenants—to temporarily close. However, as the pandemic wanes, the economy is normalizing. That will let these two REITs maintain, or even raise, their current high distributions.


ALLIED PROPERTIES REAL ESTATE INVESTMENT TRUST, $41.45, is a buy. The REIT (Toronto symbol AP.UN; Units o/s: 128.0 million; Market cap: $5.2 billion; TSINetwork Rating: Extra Risk; Divd....
A: WonderFi Technologies Inc., $1.08, symbol WNDR on the NEO Exchange (Shares outstanding: 161.5 million; Market cap: $176.5 million; www.wonder.fi), aims to provide consumers better access to digital assets, including cryptocurrencies and non-fungible tokens (NFTs).

The NEO exchange, which is recognized by the Ontario Securities Commission, is owned by Aequitas Innovations, a company backed by a number of Canadian and international corporations including Royal Bank, IGM Financial and Barclays....
Here’s the third and final segment of our first-quarter 2022 letter to clients, which we sent out this past February. (For your convenience, here are links to Part One and Part Two, if you want to refer to them)....
CANADIAN PACIFIC RAILWAY LTD., $93.97, Toronto symbol CP, is your #1 Conservative Buy for 2022.

CP ships freight over a 23,700-kilometre rail network, mainly between Montreal and Vancouver. It also links to hubs in the U.S. Midwest and Northeast.

The company is now in the process of merging with U.S.-based railway Kansas City Southern....
Mondelez has held up well during the recent market turmoil. While the stock is down about 3% since the start of 2022, the S&P 500 Index has suffered a 12% drop.


We feel the stock remains a solid pick for conservative investors. Mondelez continues to launch more-healthful, premium-priced products....
BROADRIDGE FINANCIAL SOLUTIONS INC. $147 is a buy. The company (New York symbol BR; High-Growth Payer Portfolio, Finance sector; Shares outstanding: 116.2 million; Market cap: $21.0 billion; Dividend yield: 1.4%; Dividend Sustainability Rating: Above Average; www.broadridge.com) serves the investment industry in three main areas: investor communications, securities processing and transaction clearing.


The company has raised its dividend each year since Automatic Data Processing spun it off to its shareholders in 2007....
Last week we published Part One of the text of the most-recent letter I sent to our Portfolio Management clients, in February this year.

Part Two appears below. It covers the hidden risks in the so-called “alternative investments” that have come on the market in recent years....
STEINWAY MUSICAL INSTRUMENTS HOLDINGS INC. has filed paperwork with U.S. regulators for an initial public offering (IPO) of common shares. The shares will trade on New York under the symbol STWY.

The company is planning to have two classes of shares with Class B shareholders entitled to 10 votes per share, versus the one vote for share assigned to Class A shareholders....
YAMANA GOLD INC., $7.52, is a buy. The miner (symbol YRI on Toronto) owns and operates five gold mines, in Canada, Brazil, Chile and Argentina. This includes the Cerro Moro gold/silver mine in Argentina. It started up in mid-2018.

Yamana now plans to seek better terms from its lenders including Bank of Nova Scotia and Citigroup.

That’s after earning an upgrade from debt-rating service S&P Global Ratings....
NIELSEN HOLDINGS PLC $27 is a hold. The New York-based company (New York symbol NLSN; Manufacturing & Industry sector; Shares outstanding: 356.5 million; Market cap: $9.9 billion; Dividend yield: 0.9%; Takeover Target Rating: Highest; www.nielsen.com) is a provider of information and measurement services to give companies a better understanding of consumer behaviour....