Search found 2741 matches

by NormR
27 Jan 2015 17:39
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Stock/Bond/Index/Fundamental/Asset Class/Quotes - Sources
Replies: 468
Views: 85657

Re: Stock/Bond/Index/Fundamental/Asset Class/Quotes - Source

Norbert Schlenker wrote: The Libra total returns spreadsheet has now been updated with 2014 CPI figures, including real returns.

My Asset Mixer and Periodic Table have been updated to reflect Norbert's new real return data for 2014. 8)
by NormR
08 Jan 2015 20:00
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Stock/Bond/Index/Fundamental/Asset Class/Quotes - Sources
Replies: 468
Views: 85657

Re: Stock/Bond/Index/Fundamental/Asset Class/Quotes - Source

LadyGeek wrote:Also, thanks. I'm not sure what should be in this spreadsheet, but the total-returns spreadsheet is missing the 2014 Annual Canadian Inflation (Nominal!B50).
Real returns will be updated once StatsCan publishes the Dec 2014 CPI level.
by NormR
08 Jan 2015 16:02
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Stock/Bond/Index/Fundamental/Asset Class/Quotes - Sources
Replies: 468
Views: 85657

Re: Stock/Bond/Index/Fundamental/Asset Class/Quotes - Source

Norbert Schlenker wrote:2014 nominal returns have been added to my spreadsheet(s) at http://libra-investments.com/re01.htm. Real returns will be updated once StatsCan publishes the Dec 2014 CPI level.
My Asset Mixer and Periodic Table have been updated to reflect Norbert's new nominal return data for 2014. 8)
by NormR
27 Dec 2014 00:34
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Why do people follow P/E metrics to predict stock returns
Replies: 15
Views: 734

Re: Why do people follow P/E metrics to predict stock return

ig17 wrote:
mushyyy wrote: I took the S&P500 data from 1881 to 2013 and I calculated the return of 7 different strategies:
1881? What data set is that? S&P 500 index started in 1957.
Probably Prof. Robert Shiller. It's S&P500 and predecessor indexes. The early data could be a little dodgy.
by NormR
25 Dec 2014 09:52
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Why do people follow P/E metrics to predict stock returns
Replies: 15
Views: 734

Re: Why do people follow P/E metrics to predict stock return

Free cash flow metrics make more sense to me because cash can't be faked and the calculation FCF takes into account debt. Um, how does free cash flow take long-term debt into account (other than through changes in working capital)? Free cash flow = CFO - capital expenditures The company could be si...
by NormR
25 Dec 2014 09:40
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Why do people follow P/E metrics to predict stock returns
Replies: 15
Views: 734

Re: Why do people follow P/E metrics to predict stock return

It is important to distinguish between stock market returns and stock returns. P/E is frequently used in the realm of individual stocks. That is, buy stocks with the lowest 10% of P/E ratios and reballance annually, which has worked well. See "What Works on Wall St.", etc. IIRC, P/E also seems to wo...
by NormR
24 Dec 2014 15:47
Forum: Financial News, Policy and Economics
Topic: Guaranteed annual income
Replies: 36
Views: 1783

Re: Guaranteed annual income

I enjoyed listening to the TVO discussion of the idea. An idea can be interesting even if one dislikes the messenger.
by NormR
24 Dec 2014 15:15
Forum: Financial News, Policy and Economics
Topic: Guaranteed annual income
Replies: 36
Views: 1783

Re: Guaranteed annual income

It will require a great deal of political will (and guts) to propose this an issue to be nationally debated and considered. So as in Manitoba in 1977 don't expect to see it proposed, studied or debated by the present government. They don't like being confused by facts, especially those that conflic...
by NormR
24 Dec 2014 12:32
Forum: Financial News, Policy and Economics
Topic: Guaranteed annual income
Replies: 36
Views: 1783

Re: Guaranteed annual income

There are a number of good things to say about the notion. IIRC, the main knock against it comes down to cost.
by NormR
05 Dec 2014 13:26
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Canadian Oil Sands COS (formerly COS.UN)
Replies: 289
Views: 32856

Re: Canadian Oil Sands COS (formerly COS.UN)

Thanks Shakes, I knew there was something out there :)
by NormR
05 Dec 2014 10:49
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Canadian Oil Sands COS (formerly COS.UN)
Replies: 289
Views: 32856

Re: Canadian Oil Sands COS (formerly COS.UN)

Can any of the dividend investors out there point to an event study that looks at the returns surrounding dividend cuts? IIRC, there was one out there that indicated continued weakness over the following year - but I don't remember if that was calculated from before or after the cut was announced ...
by NormR
29 Nov 2014 10:02
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Canadian hedge fund superstar manager
Replies: 7
Views: 726

Re: Canadian hedge fund superstar manager

Justise wrote:Going by history, yes. Why don't we copy the superstars of the past?
Just look at Sprott's returns prior to 2007 and then after. You'll find your answer. :wink:
by NormR
28 Nov 2014 14:07
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Canadian Oil Sands COS (formerly COS.UN)
Replies: 289
Views: 32856

Re: Canadian Oil Sands COS (formerly COS.UN)

It's simple, the dividend is toast
by NormR
24 Nov 2014 17:33
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Dogs of the TSE
Replies: 359
Views: 52232

Re: Dogs of the TSE

We make a good team, P_I. :wink: OTOH, Arnott, in one of his articles on fundamental indexing, showed that the very largest companies underperformed. But this was in the US where there are more to choose from. It's still the case in Canada, Rob's method dodged Nortel - barely - due to the dividend ...
by NormR
13 Nov 2014 21:00
Forum: Financial News, Policy and Economics
Topic: Steve Roth: Saving Money Won't Make You Rich
Replies: 29
Views: 2408

Re: Steve Roth: Saving Money Won't Make You Rich

Sorry, if you're posting here, you're probably living better than the kings and queens of yesteryear. That is, we're all better off than Croesus. We have access to better food, medicine, entertainment, housing, transportation, etc. Even if he had peacefully lived out his days, would anyone want to c...
by NormR
09 Nov 2014 19:41
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: price to book ratio
Replies: 27
Views: 1421

Re: price to book ratio

CROCKD wrote:Just what are the asset values of a stock like Facebook or an Apple?
AAPL BPS $19.02 TBPS $17.52
FB BPS $8.18 TBPS $6.67

AAPL traded for less than book a little over a decade ago.
by NormR
09 Nov 2014 18:27
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: price to book ratio
Replies: 27
Views: 1421

Re: price to book ratio

Search for book value, and you'll come up with different numbers from different sources, but try to get down to the tangible book value and . . . well . . . Can anyone tell us how to calculate it? Just get rid of any intangible assets :wink: So, generally, tangible book value = book value - goodwil...
by NormR
09 Nov 2014 15:00
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: price to book ratio
Replies: 27
Views: 1421

Re: price to book ratio

Norm, I am surprised ROE is not in the list. Granted ROE cannot be looked at in isolation because D/E ratios can skew this considerably, but why not ROE, or why not ROCE if you don't like ROE? ROE doesn't test well on its own. Aside from avoiding firms with very low ROEs, it doesn't seem to boost r...
by NormR
09 Nov 2014 14:22
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: price to book ratio
Replies: 27
Views: 1421

Re: price to book ratio

How many of you use this to decide when/which stock to buy? It seems logical to buy when the ratio goes below the trending average and to pick those companies with lower ratios with respect to the sector average. But any experience in how it works in practice? And which sectors have room to fudge/o...
by NormR
02 Nov 2014 11:52
Forum: Retirement, Pensions and Peace of Mind
Topic: MoneySense and Blackrock and "retirement rich" ??
Replies: 23
Views: 2165

Re: MoneySense and Blackrock and "retirement rich" ??

My cost at the WC symposium- some folks I had needed more than $2,000 to cover travel costs from the far north. Others came at $50. Why your reference to $10k? - I would have thought most presenters yesterday, if not all were pro bono. But I could be wrong. Here's an article from CB on the topic .....
by NormR
02 Nov 2014 09:47
Forum: Retirement, Pensions and Peace of Mind
Topic: MoneySense and Blackrock and "retirement rich" ??
Replies: 23
Views: 2165

Re: MoneySense and Blackrock and "retirement rich" ??

(2) Why was the event "sponsored" by BlackRock. They made a presentation. A sales gimmick? Presumably they wanted to talk to potential customers. Yes, I agree - but this was not made clear by MoneySense. To illustrate - for decades I have subscribed to "Consumers Report" - and they have never wore ...
by NormR
02 Nov 2014 08:29
Forum: Retirement, Pensions and Peace of Mind
Topic: MoneySense and Blackrock and "retirement rich" ??
Replies: 23
Views: 2165

Re: MoneySense and Blackrock and "retirement rich" ??

(2) Why was the event "sponsored" by BlackRock. They made a presentation. A sales gimmick? Presumably they wanted to talk to potential customers. (3) What is the financial model at MoneySense for its activities? As far as I know, they sell subscriptions, tickets to the event, and ad/sponsorship spa...
by NormR
05 Oct 2014 23:00
Forum: Under the Mattress: Protecting Your Money
Topic: High interest rates for savings, GICs and MMFs (2014)
Replies: 576
Views: 44700

Re: High interest rates for savings, GICs and MMFs (2014)

Bylo Selhi wrote:Also both TangerING and PCF are making it harder to swing $100k in/out between them in order to take advantage of promos by limiting transfers to as little as $25k/day.
Ya, they're forcing you to call them to get the 'please don't leave' marketing for larger amounts. Irritating.
by NormR
05 Oct 2014 09:46
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Mawer Equity Funds
Replies: 31
Views: 3883

Re: Mawer Equity Funds

I want to buy more Mawer funds but RBC does not allow trade with this company now.Any suggestions other than liquidating all my portfolios with RBC and starting with TD? You don't have to liquidate a portfolio, you can just transfer it "as is" to another brokerage. Just ask the one you're going to ...