With the market shifting to defensive mode, Canadian industrial stocks are back in style. Investors are clearly in the mood for solid (boring?) dependable earnings that can keep up with an inflation-heavy environment. While Canadian railroad stocks and Canadian airline stocks are technically considered Canadian industrial stocks, we decided that they needed their own articles. While the Toronto Stock Exchange isn’t exactly teeming with great industrial stocks - aside from the railway d...| Million Dollar Journey
When I first wrote about the Smith Manoeuvre (18 years ago!) - a method to transform your mortgage into a tax-deductible loan - I never imagined it would become one of our most popular topics, racking up hundreds of comments. Even though I kicked off my own Smith Manoeuvre at practically the worst time in the last half-century (back in 2007), it still turned out pretty well for me. As we move into 2025, it’s becoming clear that high mortgages might be coming down a bit, the days of ultra-lo...| Million Dollar Journey
I am a cautious investor given that I am in the semi-retirement stage. While I would acknowledge that growth is important for a retiree or near-retiree, I want most of our equity positions to be in the quality or high-quality camp so that I can sleep easy at night. That’s why a portfolio that invests in wide moat stocks such as grocers, railways, and utilities - plus a couple of semi-wide moat stocks - are a great fit (and one that I have a lot of confidence in). This low-risk mix has off...| Million Dollar Journey
Should you worry about re-working your whole portfolio around the idea of choosing the best Canadian inflation stocks? Probably not. Of course that’s easier said than done as we proceed through stubborn inflation trends in 2023. When we started 2022, inflation was only being mumbled about by a very small cohort of market experts (shout out to Larry Summers). We then proceeded to see central banks fall further and further behind the inflation curve, before finally realizing that they had...| Million Dollar Journey
It is no secret that the Canadian stock market is not very well diversified by sector. Canada is largely financial, energy and materials, with all of that other stuff in between. By investing in Canadian retail stocks, investors can add some much-needed diversification. Canadian retail stocks can also help investors profit during times of economic strength and certain types of retail stocks can offer a nice hedge against periods of slow growth or recessions. A certain segment of Canadian ...| Million Dollar Journey