SPOTLIGHT: Value Investing
Dig Deep for
The trick to value investing, writes John Heinzl, is to buy good
companies when nobody else wants them, which requires a strong contrarian
streak -- and buckets of patience. It is not a game for investors with weak
The bargains are slim in a market that's already risen 25 per cent,
but some value managers with proven track records say it's still possible to
find hidden gems -- if you know what to look for.
Read Heinzl's informative article.
From the Archives:
View the Value Investing Special Report
PERSONAL FINANCE: Estate
Planning; Tips for 2004
Incentive Trusts to Reward, Not Punish
According to Tim Cestnick, a testamentary incentive trust is simply a trust
that is created at the time of your death, by your will. The trust, however,
comes with strings attached. These trusts are designed to encourage certain
beneficial behaviour by your beneficiaries, and to perhaps discourage
other negative behaviour.
How? The provisions you include in an incentive trust are limited primarily
by your creativity. What provisions are most common? Read Cestnick's full
Ten Helpful Tips for Saving and Investing this Year
As Rob Carrick states: Extra caution has to be used when investing in
income trusts -- that's Tip Eight. Trusts are just great in principle, but
many of them are coming off a multi-year rally that makes them expensive.
Also, the unit price of power-generating and pipeline trusts could be
vulnerable to rising interest rates. Read Carrick's top 10.
SPOTLIGHT: Restoring Investor
Confidence in 2004
Strategy, Selectivity Key to Playing Market Rebound
Those who take the brave step of tearing open their fund statements now will
likely find that their fortunes have improved -- and
may be ready to plow some money back into markets and mutual funds this
RRSP season. But where to put the cash in 2004? Some suggestions from
the pros. Read Carolyn Leitch's report.
Carrick's 2-Minute Portfolio Posts Solid Year
RRSP Season: Wounded Investors Lured Back
A recent survey released in early January found 49 per cent of 1,205 adults
polled last October plan to contribute to an RRSP this season, up from 43
per cent last year. Their average contribution is expected to be $4,964, down
slightly from $5,083 last year.
Still, as Randy Ray writes, financial institutions and fund sellers know
they have twin tasks ahead of them. Read Ray's full report.
A Tale of Two Markets Gives Canadian Firms Interesting Choices
Americans are back in love with stocks. It's forgive and forget when it
comes to the tech wreck. U.S. equity mutual funds have been net buyers of new
stocks since last March, in step with a rally in the markets. Canadians,
though, are more reticent. Read Andrew Willis' report.
Bank Mergers, Energy Trusts and Interest Rates
Time for Canadian Banks to Roll the Dice
Merged or unmerged, Canadian banks could become significant regional names south
of the border. Waiting for Ottawa to bless mergers is a proven waste of time.
According to Eric Reguly, it's time to start taking bigger risks.
Waterhouse Shelves Merger Talks
Energy Trusts Can Expect Leaner Year
Oil and gas trusts have enjoyed strong returns over the past five years,
with a total 2003 return surpassing 45 per cent. However, unit holders
should lower their expectations in 2004, says a study by BMO Nesbitt Burns
Inc. Brent Jang explains.
Bank of Canada Signals Low Interest Rates are Here To Stay
The economy is caught between a rebounding global economy, which normally helps
exporters, and the rising Canadian dollar, which hurts them. Has the bank
done enough to offset the effects of the high-flying Loonie? Economics
reporter Bruce Little
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