Helping you make wiser investment decisions

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Good vs. Bad Active Fund Management: Three Indicators

Do you ever wonder whether your active fund is worth the management and performance fees you charge? Would passive investments have yielded similar or better outcomes for your clients? If you haven’t asked yourself these questions, you can be sure your clients have asked themselves. And they will continue to, measuring what you deliver with […]

Lost wallet? Here’s how to protect yourself from fraud

You’re rushing out the door and you pat that familiar spot to confirm you’ve got your wallet, only to find…nothing. I don’t know about you, but after searching yesterday’s pockets, my mind goes to some dark places. First, the kitchen pantry. Maybe I put the granola bar in my purse and my wallet in the […]

Singapore REIT Fee Structures: Are Investor and Manager Interests Aligned?

Beyond dividend yield, what determines the quality of Singapore’s favorite asset class, real estate investment trusts (REITs)? We examined that question in a Singapore Business Times article in October. One consideration we highlighted: The benefits of portfolio diversification in reducing return volatility. We also stressed the need to put the presence of income support and […]

What home buyers should know about the Canadian mortgage stress test

When you apply for a mortgage, the bank will offer you an interest rate based on credit score. Under the stress test, however, that is not the rate the lender will use to determine your mortgage eligibility. Rather, it will make those calculations at a considerably higher interest rate, to ensure you’ll be able to […]

3 ways the coronavirus is already affecting your finances

The coronavirus may be making its way around the world—95,000 people have contracted the disease, with about 3,300 having died from it. And, depending on how you look at it, it’s already affected nearly every person on the planet. From your portfolio, to your mortgage, to your travel plans, COVID-19 has likely impacted you in […]

Five Tips for Business Success from Five International Women in Finance

What advice do the top women in finance have for those trying to make their way in the sector? Last year, I interviewed 50 accomplished women from around the world for my 2020 research paper “Top Tips for Business Success,” for release on International Women’s Day, 8 March 2020.  As it turns out, five of […]

Book Review: Equity Smart Beta and Factor Investing for Practitioners

Equity Smart Beta and Factor Investing for Practitioners. 2019. Khalid Ghayur, CFA, FSIP, Ronan G. Heaney, and Stephen C. Platt, CFA. Wiley. For many years, the investment profession has debated the merits of passive and active investing. On the one hand, proponents of passive investing have invoked the concept of efficient markets, as well as […]

What you need to know about filing your 2019 tax return

Some people do their own tax returns using consumer software (like TurboTax), while others opt to hire a professional to do it for them. Either way, the starting point for any tax return is pulling together all the necessary documentation. Last year’s tax return is a good starting point, as it gives a clue as […]

Paved with Good Intentions: Alternative Investment Reporting Challenges

“How’d this investment do last quarter?” Clear communication is critical to successful client-adviser relationships. And intuitive, easy-to-understand investment reporting ought to be central to that. Yet simple questions like the one above can be strangely difficult to answer. And that’s especially true in the world of alternative investments. The best way to understand some of […]

Book Review: Stock Buybacks | CFA Institute Enterprising Investor

Stock Buybacks: The True Story. 2019. Edward Yardeni and Joseph Abbott. YRI Press (a division of Yardeni Research, Inc.). One question I, as an equity analyst, always asked company management publicly, sometimes even if I knew the answer, was about the status of announced buyback programs and how they were financed. To me, the action […]

Hidden Ideas in Macro: The Long-Forgotten “M”

An obscure economic indicator demands a reappraisal, both for its predictive value as well as its ironic origins in the old-style monetarism of Milton Friedman. Of all the fads of the 1980s, the meticulous money-supply targeting recommended by monetarist economists packed more of a jolt than boom boxes, big hair, and “E.T. phone home” combined. […]

Selling your house? Here’s what to know about staging

If you’ve heard that putting your home on the market can be overwhelming—well, that’s an understatement. Moving is considered one of the top five most stressful life events, up there with the death of a loved one, job loss or serious illness. Home ownership is also the largest financial investment for many Canadians; whether you’re […]