It’s been a week since the Toronto Blue Jays lost the American League Championship to the Kansas City Royals. Although the sting of coming so close to the World Series for the first time in 23 years will take some time to dissipate, there are some lessons to be learned from the brand of baseball that the Jays played that can help investors understand how their investment time horizons affect…
Despite the proven risk-reduction benefits of portfolio diversification, it cannot be argued that one of the ways to get truly rich from equities is to have an exceptionally concentrated portfolio. If a stock is going to go up 10- or 20-fold, then owning a giant position in one great stock is a sure way to riches. Some aggressive investors will double down on winning positions as a way to further…
It’s been nearly a decade since Kelly Jansen of Ottawa took her first tentative steps into the world of financial investment. She was, at the time, admittedly cautious. Overly so. Fresh out of a marriage where she took a backseat on financial matters, Jansen didn’t know how to build a portfolio, nor did she have much confidence in her ability to make the right decisions around money and her future….
Success is often difficult to determine and many use a measurement based solely on absolute returns although all investors seek positive returns in abundant forms. It’s no mystery that the behaviour of investors follows similar cycles seen over and over in both boom and bust segments of market ups and downs and investors for the most part attempt to avoid these cycles only to find themselves frequently falling into a market mentality and accepting…