Hilliard’s Weekend Notebook


Thoughts, views and opinions as current events unfold: With topics taken from current market events and my latest book — When the Bubble Bursts: Surviving the Canadian Real Estate Crash (Dundurn: March 2015)  and my first book Investment Traps and How to Avoid Them (1999) — this short piece will give you unique and valuable insights filtered by my thirty-six years’ experience as an investment professional.


 

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Traditional safe havens can disappoint

Published by Hilliard MacBeth on Mar 27, 2020

Savvy investors look for safe places for their money in uncertain times. Canadians consider large companies that pay generous dividends as reliable and safe. Are traditional safe-haven investments likely to perform well this time? Some Canadian companies... Continue reading
Timing the bottom of a bear market

Published by Hilliard MacBeth on Mar 20, 2020

A full-blown global recession is inevitable at this point, due to government efforts to contain the spread of COVID-19. The world’s economy was slowing before the pandemic hit. A growth slowdown has now become a widespread economic contraction. Stock... Continue reading
The OPEC era is over

Published by Hilliard MacBeth on Mar 13, 2020

The oil supply cartel known as OPEC continues to self-destruct. With the announcement that the Saudi-led group of oil exporters could not reach agreement with Russia the price of oil collapsed. Will OPEC ever regain control of the oil markets? In my weekend... Continue reading
The Bank of Canada makes an emergency rate cut

Published by Hilliard MacBeth on Mar 06, 2020

The Bank of Canada (BOC) cut its policy interest rate on Wednesday to 1.25 percent, the first cut in rates since 2015. The drop of 50 basis points was like Tuesday’s move by the U.S. Federal Reserve, which was done as an emergency response to risks related... Continue reading
Buy the dip is a questionable strategy

Published by Hilliard MacBeth on Feb 28, 2020

The stock market has started to react negatively to COVID-19 spreading outside of China. Markets are down about 10 percent from the peak valuations of mid-February 2020. During a steep correction, it has been profitable to buy stocks. This is called “buying... Continue reading
Elon Musk plans to disrupt broadband internet access

Published by Hilliard MacBeth on Feb 21, 2020

Space-X is launching telecommunication satellites that will become a network called Starlink. Starlink will bring high-speed, low-cost broadband internet to the world, starting in mid-2020. The requirements to use Starlink are the purchase of a pizza-box-sized... Continue reading
The stock market looks past the new coronavirus

Published by Hilliard MacBeth on Feb 14, 2020

The coronavirus that originated in Wuhan, China is causing worry all over the world, as the virus appears to cause severe sickness in about 20 percent of confirmed cases, and death in about 2 percent. The stock market is near record high levels, having... Continue reading
Guest post: Retirement and planning

Published by Jonathan MacLeod on Feb 07, 2020

One dilemma that most people eventually face is the decision of when to retire. There are the obvious financial factors that drive this decision as well as some factors that receive much less attention such as health, lifestyle, and psychological. Given... Continue reading
U.S. energy self-sufficiency is a game changer

Published by Hilliard MacBeth on Jan 31, 2020

The U.S. is close to self-sufficiency in energy, which is changing the balance of power in the world’s oil markets. The price of crude oil surged briefly in the first week of January after the assassination of an Iranian general by the U.S. military.... Continue reading