Fractional shares…. With the start of a new quarter, comes an update of all three Portfolios as of September 30. Check out the latest holdings and gains for Portfolio 1, Portfolio 2, and Portfolio 3. After a terrible third quarter, investor sentiment is definitely bearish. However, with very low expectations its possible the fourth quarter […]
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The week ending September 16, 2022
Fractional shares…. Just when supply chain problems were slowly being eliminated, rail workers in the US threatened to go on strike. Fortunately, a deal between the major U.S. railroads and the railroad unions was reached to avert a work stoppage. This was such a crucial deal for the US economy that even President Biden took […]
The week ending September 9, 2022
Fractional shares…. As expected, the Bank of Canada (BoC) raised the benchmark interest rate in Canada by 0.75%, bringing the Canada’s benchmark interest rate to 3.25%, a 14 year high. The new rate is now above their target range of between 2% – 3%. The BoC said they will maintain their aggressive stance and the […]
The week ending September 2, 2022
Fractional shares…. Despite slumping the week ended August 26, the S&P 500 Index (S&P) had bounced back 15% since its June low and all 11 sectors of the index have been in the black since the start of the third quarter (July 1). Bet you did not know that was the S&P’s best start to […]
The week ending August 19, 2022
Spare change …. Canada’s Consumer Price Index (CPI) inflation for July was 7.6%, down from June’s 8.1%, but still well higher than the Bank of Canada’s target of 2%. As in the US last week, the fall in the price of gasoline was the main driver in the lower CPI. However, when volatile components, such […]
The week ending August 12, 2022
Spare change…. After falling 20% from its April highs to its June lows, thanks to a July rally, the Toronto Stock Exchange Composite Index (TSX), is now up 10% from it June lows. Before getting too excited, the TSX is still down almost 6% in 2022. The good news continues in the US where the […]