Wealth Management

Wealth management is the practice of putting your savings to work so that it continues to grow over your lifetime and will also benefit your heirs. Wealth management encompasses many different areas of investing like long term investment planning and retirement planning.

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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Wealth Management Library Archive

Wealth Management

Here are more quality stocks to power your 2020 returns

In addition to our feature stock this month BCE, we’re presenting you with many more ways to boost your returns and temper your risk.

For example, Suncor remains a great pick for the Resources portion of your portfolio. As an integrated oil producer, which both produces crude and refines it into gasoline and other fuels, the company is less vulnerable to changing crude prices....

1 min read

Pat McKeough

Wealth Management

Build on your #1 picks!

Welcome to this special issue of Canadian Wealth Advisor! In addition to your three 2020 #1 picks, this issue highlights several high-quality stocks and some top international ETFs—all with the power to lift your returns this year.

But first, let’s take a look at how last year’s #1 picks performed for our subscribers: TC Energy is up 28.3% (while yielding 5.0%); RioCan REIT, up 7.9% (5.7%); and SPDR S&P 500 ETF, up 24.3% (with a 2.2% yield)....

1 min read

Pat McKeough

Wealth Management

Stock Pickers Digest Hotline – Thursday, June 30, 2016

PLEASE NOTE: Our next Hotline will go out on Friday, July 8, 2016.

HECLA MINING CO., $5.10, symbol HL on New York, explores for, mines and processes silver and gold in the U.S., Canada and Mexico.

In 2012, the company paid $3.2 million for a 19.9% stake in Dolly Varden Silver Corp., $0.65, symbol DV on Toronto....

4 min read

Pat McKeough

Wealth Management

Wall Street Stock Forecaster Hotline – Thursday, June 30, 2016

PLEASE NOTE: Our next Hotline will go out on Friday, July 8, 2016.

MONDELEZ INTERNATIONAL INC., $45.51, Nasdaq symbol MDLZ, makes cookies and biscuits (Oreo, Chips Ahoy, Ritz), chocolate bars (Cadbury, Toblerone), gum and candy (Trident, Chiclets) and Halls cough drops.

On Thursday, the company offered to acquire The Hershey Co....

5 min read

Pat McKeough

Wealth Management

Hi Pat: I have had the misfortune of investing in Pinetree Capital. Do you think it is worth holding onto this stock?

A: Pinetree Capital, $0.04, symbol PNP on Toronto (Shares outstanding: 452.3 million; Market cap: $13.6 million; www.pinetreecapital.com), is an investment and merchant-banking firm that focuses on highly speculative small-cap stocks....

1 min read

Pat McKeough

Wealth Management

Hi: Just wondering about Ag Growth. As the world population grows, I see the farming service industry as highly important. Ag Growth offers an interesting investment opportunity as it is focused on grain storage and handling solutions in markets (Canada and the U.S.) where demand for planting acreage is growing. Thanks.

A: Ag Growth International Inc., $39.56, symbol AFN on Toronto (Shares outstanding: 14.7 million; Market cap: $586.2 million; www.aggrowth.com), is a leading maker of portable and stationary grain-handling, storage and processing equipment.

Based in Winnipeg, the company sells its products through dealers and distributors in Canada and the U.S., as well as in Russia, Ukraine and elsewhere overseas....

3 min read

Pat McKeough

Wealth Management

Hi, Pat. What do you think about Tesla?

A: Tesla Motors, $202.47, symbol TSLA on Nasdaq (Shares outstanding: 145.9 million; Market cap: $29.2 billion; www.teslamotors.com), develops and builds fully electric vehicles. The company operates its own sales and service network in North America, Europe and Asia.

Tesla currently makes two models, the Model S sedan and the Model X sport utility vehicle (SUV)....

3 min read

Pat McKeough

Wealth Management

What is Pat’s commentary for the week of June 28, 2016

We designed our three-part Successful Investor strategy to improve your investing results and simplify your investing.

Our first rule—invest mainly in well-established stocks with a history of earnings and dividends—helps you eliminate a lot of unprofitable stocks that might otherwise have some appeal.

Rule two—spread your money out across the five main economic sectors—is a little more subtle and complex....

4 min read

Pat McKeough

Wealth Management

What is Pat’s commentary for the week of June 21, 2016

On the whole, investors have underestimated Canada’s top bank stocks for as long as I’ve been in the investment business. As a result, these stocks have often traded at attractive share prices. Because they were growing, and cheaper in many respects than other stocks, they gave conservative Canadian investors a near-ideal combination of pluses: above-average dividend yields and records; low-to-moderate ratios of per share price-to-earnings; and above-average long-term capital gains....

4 min read

Pat McKeough

Testimonials

The cornerstones of Pat’s strategy–value, diversification and timelines–make his newsletter, The Successful Investor, highly profitable while minimizing risk. His advice is no-nonsense, down-to-earth and based on solid research. You’ll know what to invest in and what to avoid.

Chuck Chakrapani, PhD
Investors Association of Canada
The older I get the better dividends look. For retirees and would-be retirees who want to sleep at night, I can’t think of a better source of information on reliable growing dividend income than Pat McKeough’s newsletter, Dividend Advisor.

Jonathan Chevreau
Financial Post Columnist
As a manager of more than $500 million in mutual funds, I have access to the best brokerage research available in this country. But I still take time to read Pat McKeough’s premium newsletters

John Sartz
I appreciate the 25 years of above market returns I received by following your advice. at least 95% of my investment decisions were based on TSI recommendations.

Chuck J.
Subscriber since 1996. Inner Circle Member Since 2006
The newsletters I receive in Inner Circle Pro are fantastic! I have been following Pat’s advice for years and everything he has said has been amazing. His commentaries are brilliant, insightful, educational, rational and balanced. My returns are almost double the TSE and I have referred many of my friends who have switched over to your services.

Walter H.
Inner Circle Pro subscriber

Browse Premium Topics

Cannabis

Spinoffs

One of the ways a company can try to unlock its own hidden value is by creating a separate company out of a corporate subsidiary. The parent company can either sell stock in the new company to the public, or spin it off—hand the stock out to its own investors.

Dividend Stocks

Dividend stocks make cash payouts that serve as a way for companies to share the wealth they’ve accumulated. These payouts are drawn from earnings and cash flow and paid to the shareholders of the company. Typically, these dividends are paid quarterly, although they may be paid annually or even monthly as well.

ETFs

What are ETFs?

ETF is an acronym for exchange traded fund. These exchange traded funds are used to track indexes as closely as possible, since investors cannot actually buy an index outright.

Value Stocks

What are value stocks?

One of the sweetest and most profitable pleasures of successful investing is to buy high-quality “value stocks” (or stocks that are reasonably priced, if not cheap, in relation to its sales, earnings or assets), then hold on to them as mainstream investors recognize the value and push up the share price.

Blue Chip Stocks

Blue chip stocks are big, well-established, dividend-paying corporations with strong business prospects. These are companies that also have sound management that should be able to make the right moves to keep competing successfully in a changing marketplace.

Penny Stocks

A penny stock in general trades for under five dollars a share, and as the name implies, sometimes for pennies. Most of the time they’re young companies, or start-ups in speculative markets like mining or technology.

Growth Stocks

Growth stocks are companies that are likely to have sales and earnings growth well above market average. Frequently they pay few, if any, dividends. Instead they typically reinvest any extra cash flow to promote further growth. Chosen wisely—according to Pat McKeough’s advice—high-quality growth-oriented stocks can be worthwhile additions to most well-diversified portfolios.

Wealth Management

Mining Stocks

Mining stocks are investments in companies that produce or explore for minerals. Some of these minerals include uranium, coal, molybdenum (which is used in steelmaking), copper, silver and gold. They are affected by fluctuating commodity prices in addition to their own business and operating risks.

How To Invest

Pat McKeough has been making investing for beginners simple—and profitable—by helping investors make big gains for more than 25 years. His advice to beginning investors is the same as it is for all investors: buy high-quality, mostly dividend paying stocks (or ETFs that hold these stocks) and evenly spread your investments over the five main economic sectors (Resources, Manufacturing, Finance, Utilities and Consumer). Pat also believes investors should avoid stocks in the broker/media limelight and focus on those with hidden or little-noticed assets.

Energy Stocks

What are energy stocks?

Businesses that work in the extraction, refining and delivery of energy sources such as natural gas, oil, uranium and coal, are considered energy stocks.