Investors Digest, Canadian MoneySaver, Capital Ideas Digest and The Money Letter Articles
Click the links below to read Keith Richard’s latest articles in Investors Digest, Canadian MoneySaver and The Money Letter.
Investor’s Digest April 6, 2018 – Canada may continue to underperform – The TSX 300 is typically seasonally bullish into the spring. At ValueTrend we have bought a few Canadian stocks and stock sectors in light of this potential, but we are taking a short-term view on most of these positions. This article highlights the challenges facing investors who have a longer-term view on Canada, and the Canadian dollar.
MoneyLetter March 2018 – As the Stocks Rotate, Follow the Money – The market cannot continue to push high-growth stocks up in a straight line. Something has to give sooner or later. Money may rotate out of some of these high flyers into value stocks, and/or overlooked sectors, such as the US Banks, Energy and WTIC crude oil, Gold, and Consumer Staples.
Canadian MoneySaver March/April 2018– You gotta know when to hold ’em and know when to fold ’em – Here’s how ValueTrend uses a sell discipline to limit risk.”
Investor’s Digest March 9, 2018 – Quick correction rebound is a double-edged sword – Orderly markets steadily rise while reaching higher highs and dipping to higher lows, but invariably correct.
Investor’s Digest February 23, 2018 – Canadian Tech – Industry worth it, but choose carefully– “Is the Canadian tech sector worth buying at all, given the rabid moves in the US tech markets?”
Investor’s Digest January 5, 2018 – Myopic by nature, how quickly we forget – “Chorus of “This time is different” surfaces at market tops and bottoms.”
MoneyLetter December 2017 – The months ahead? What looks good – “Markets tend to be strong in the final month of the year. The tendency is for the year’s big movers to continue to lead until the end of December, while the laggards continue to sell off due to tax loss selling and other reasons.”
The MoneyLetter November 2017 – Whither the Loonie? To Rally – Or Not? – “I noted in my blog quite some time ago that I had an initial target of 0.80 – 0.81, with a maximum upside of 0.84 for the loonie. That is pretty much what we got, with the loonie reaching a high of 0.83 in September. Since then, as predicted, the loonie has been moving back into its longer-term dominant trend.”
Investor’s Digest November 3, 2017 – Living and Investing in the Fifth Wave: Bull Long in Tooth – “There may be a good amount of upside left in this market. Nevertheless, there’s no denying that we are not in the early phases of a bull market. We’re in the final inning of the game, however long it may take to complete.”
Investor’s Digest October 6, 2017 – Macro Market Timing Models: The Bear-o-meter – “We have a near-termed sell signal, or close to it, on the short-termed timing model. All in, it may be wise to maintain a cautious stance at this point.”
The MoneyLetter September 2017 – The Right Approach – “Whether you manage your own money or use a portfolio manager, stay with the active approach. It’s worth the safety – should the market turn ugly.”
Investor’s Digest September 8, 2017 – Profit from shorter-term swings in value – “Some stocks are good long-termed holds. Such stocks are in a nice upward trend, and display consistent, solid earnings growth over time. But there is another type of stock pattern that you can profit from if you don’t mind taking advantage of shorter-termed swings…stocks stuck within a sideways trading range.”
Canadian MoneySaver September 2017 – Opportunity Awaits – “There are a few indications that the market may be ripe for a short termed pullback.”
Investor’s Digest August 11, 2017 – Keep an eye on the NASDAQ (and the big tech and biotech stocks influencing it) – “Money is still going into the sector, but at a much slower pace. And that matters. Here’s why….
The MoneyLetter July 2017 – The Right Strategy? “Diversify”, He Wrote – “It is imprudent to hold a Canada-only stock portfolio and expect to earn a respectable risk-adjusted return. There is just too much concentration within the TSX in resources and financials…”
Investor’s Digest July 7, 2017 – Timing the sweet spot for Canadian Banks – “While the best time to buy bank stocks has traditionally been autumn, the end of June makes a compelling case.”
The MoneyLetter June 2017 – Market Rotation: Hero to Zero – “Over the past few years I’ve referred to the market as a “stealth” market. That is, one that sees money rotate from winning stocks into depressed stocks, and vice-versa. Rotation from sector to sector is also becoming faster and more pronounced of late. It is for this reason that I believe in truly active management of your portfolio…”
Investor’s Digest June 23, 2017 – Loonie uncouples from oil price – “Despite a favourable move by West Texas Intermediate (WTI) crude oil recently – and potential for another dollar or two more upside for oil – the loonie remains in a downtrend. This is unusual.”
Investor’s Digest May 12, 2017 – Signs indicate imminent pullback – “Retail investors express worry over potential for correction, but keep money in market anyway.”
The MoneyLetter April 2017 – Income and Growth: Four Keepers – “Investors become so fixated on chasing a higher return that they don’t think about the increased risk to their portfolio that’s inherent in doing this.”
Canadian MoneySaver March/April 2017 – Reader Questions Answered: Options Contracts – “A look at the basics of Options: Calls, Puts, and Covered Calls.”
Investor’s Digest April 28, 2017 – Canadians still hold plenty of US exposure – “Is a U.S. market correction coming in the summer?”
The MoneyLetter March 2017 – Oil and Gas Strategy – “Oil tends to be a good trade between February and May – from a seasonal perspective.”
Investor’s Digest March 10, 2017 – Who benefits from corporate welfare? – “Following Bombardier and General Motors’ ignoble history of receiving taxpayer ‘investments’.”
Canadian MoneySaver February 2017 – Should You Buy ETFs Or Stocks? – “When we try and decide if we should buy a sector ETF versus a good stock, we want to examine the variability of stocks within that sector.”
Investor’s Digest January 27, 2017 – Seasonality could push energy sector gains – “Seasonal studies indicate that buying into the energy sector in late February and then selling in early May can be a profitable trade.”
The MoneyLetter January 2017 – Caveat emptor in the…Short Term – “Normal seasonal tendencies are for markets to get a bit choppy from mid-January in through much of February.”
Canadian MoneySaver January 2017 – Avoid The Herd With These Contrarian Investments – “Contrarian investing is the easiest investment strategy in hindsight, but the hardest one to execute in foresight.”
The MoneyLetter December, 2016 – Holding and Folding – “…a blanket “Buy and Hold” at-all-costs mentality is actually a riskier and costlier investment strategy than a carefully planned system of buying and selling assets.”
Investor’s Digest December 23, 2016 – Not ready to jump on the oil bandwagon – “Oil’s outlook is improving, but I’m not jumping on the oil bandwagon just yet.”
The MoneyLetter November, 2016 – Debt Will Affect You – “Too much debt will drag you down, know how much you can afford.”
Investor’s Digest October 21, 2016 – Every bubble must pop, but when? – “The Age of the ‘No Other Alternative’ Bubble.”
Canadian MoneySaver October, 2016 – Time to Check the Bear-o-Meter – “The Bear-o-Meter is designed to give us a probability reading of market direction over the next 1-6 months.”
Capital Ideas Digest September 19, 2016 – Smart Money vs. Dumb Money – “Smart money indicators include S&P 500 put/call option ratios, company insider equity buying and selling, and institutional and pension fund money flows.”
The MoneyLetter September, 2016 – US Equities? All Eyes on USD – “A rally by the USD against world currencies will put downward pressure on our loonie, potentially amplifying the upside of holding some US denominated securities.”
Investor’s Digest September 23, 2016 – Will oil, gold, or base metals pull back? – “Seasonality likely a catalyst for correction.”
Investor’s Digest September 9, 2016 – Take Advantage of Potential Volatility – “Seasonal weakness provides window of opportunity to redeploy capital in sectors with lower prices.”
Investor’s Digest August 12, 2016 – Keep on Rockin’ Until the Music Stops – “After commodities’ strong rally since the beginning of the year, is it still worth jumping in?”
Investor’s Digest July 22, 2016 – On Reducing Risk in the Portfolio – “S&P500 became flat and choppy after Fed stimulus ended in 2014”
The MoneyLetter July 2016 – Enjoy the Music – Watch the Trend – “Greater than average chance for volatility before winter: Seasonality, Presidential Cycle, and Sentiment”
Canadian MoneySaver January 2016 – Rotation will be key this winter
“It is my opinion that markets, sectors, and stocks are now changing and will continue to change leadership rapidly in the coming months and years. This rotation will require more than just a buy-and-hold approach.”
Investors Digest January 29, 2016 – Domestic Dividend Stocks Disappoint
“Higher dividend paying stocks were the worst performers in 2015 when compared to low- or no-dividend paying stocks in Canada.”
ID May 17 2013 May 17, 2013 Spring Peak May 3, 2013 Bull run March 29, 2013 Stocks may top by spring Investors Digest March 2013
Awaiting the bear Moneyletter, Feburary 2013 Picking a winner Moneyletter, January 2013
Profitably passive Moneyletter, November 2012 Time for the big gains is over Investors Digest, November 2012 Risk on, Risk off Investors Digest, November 2012 Rythyms of gold Moneyletter, October 2012 Standout sectors Moneyletter, October 2012 Against the crowd Moneyletter, September 2012 Downturn in 2013 seems possible Investors Digest, August 17, 2012 Potential still exists for rally this summer Investors Digest: July 20, 2012 3 Step Plan Moneyletter, July 2012 Bull market likely to come out of the gate in July Investors Digest, June 2012 Market Rebound Moneyletter June 2012
Changing Market Moneyletter May, 2012 Know when to harvest Moneyletter April 2012 Rotation is key Investors Digest, May 4, 2012
Market Correction Investors Digest March 2012 Boomers Bushwacked by long-term Cycles January 20, 2012 S&P Strength December 2, 2011
Moneyletter October 2011
“The bears may growl”
October 21, 2011
“Strengthen your portfolio”
Moneyletter, September 2011
Wait until market bottoms before going back in
Investors Digest: Sept. 16, 2011
Moneyletter, July 2011
Investors Digest June 24, 2011
“Five Step Protection”
The Money Letter June 2011
“Valuations are high”
Investors Digest May 20, 2011
The Money Letter April 2011
“Hot markets has investors over confident again”
Investors Digest March 25, 2011
“Egypt crises sends hiccup into seasonal oil play”
Investors Digest February 25, 2011
“Go Easy on Energy”
The Money Letter January 2011
“A correction then several months of upside”
Investors Digest January 28, 2011
“Why I’m betting on the Canadian tech sector”
Investors Digest December 10, 2010
“Five steps to invest for the long term in Sideways Markets”
The Money Letter November 2010
“How to avoid the trap of the next Madoff”
Investors Digest September 24, 2010
“What the bond market sees for the stock market”
Investors Digest September, 2010.
“Bonds: hold them now, sell in the fall”
Investors Digest August 13, 2010.
“Inverse investments plays: when down means up”
Investors Digest July 23, 2010.
“One more rally and then look out”
Investors Digest June 25, 2010.
“What to do when the sky is falling”
Investors Digest May 14, 2010.
“Prepare your portfolio for the coming perfect storm”
Investors Digest March 26, 2010.
“Oil stocks – we’re at an ideal entry point”
Investors Digest February 26, 2010.
“Do-it-yourself investing: helpful computer software”
Investors Digest December 31, 2009.
“Ideas for the start of 2010 – the bull’s in charge”
Investors Digest December 31, 2009.
“High dividend-paying stocks for conservative investors”
Investors Digest December 11, 2009.
“When the bull ceases to charge ahead, it’s time to let go of his tail”
Investors Digest November 27, 2009.
“The 3 areas you should be in for the winter rally”
Investors Digest October 9, 2009.
“Get ready for next money making move”
Investors Digest August 21, 2009.
“How to play winter blues profitably year-round”
Investors Digest July 24, 2009.
“How to play a market in transition”
Investors Digest July 10, 2009.
“Those green shoots might be weeds”
Investors Digest June 26, 2009.
“It’s time to reduce your equity exposure”
Investors Digest May 22, 2009.
“To beat this “stealth” market, be ready to switch”
Investors Digest May 8, 2009.
“Bonds are where the real bargins are”
Investors Digest April 10, 2009.
“Lower your portfolio’s volatility with silver, oil”
Investors Digest March 20, 2009.
“Investing by market’s seasons can be profitable”
Investors Digest 6, 2009.
“A three-step plan for investing in this market”
Investors Digest February 6, 2009.