The thankful receiver bears a plentiful harvest. – William Blake
Markets I’m pleased to report that as I write this, the Growth Portfolio is up over 10% for the year, and outperforming the S&P/TSX Composite Index by about 12%. Each of our model portfolios performed well in October, surpassing benchmarks. Our systematic and disciplined approach is regaining momentum after some much welcomed improvements over the last two years.
As many readers know, I’m always carrying out research and development to improve our long run experience. This month I found something new and unique… a new piece of math that blends two older portfolio ideas together in a new way. Tested historically and in simulation, the math is adept at identifying securities on the verge of price surges. It is a rather intuitive piece of math and works in much the same way a reasoned investor would look at such opportunities in person. It’s not perfect, nothing is, but improves the batting average substantially. Best of all, many of our current holdings already reflect this degree of opportunity.
With wind in our sails, I am optimistic on our future. There are longer term positive forces at work for our holdings.
Financial Planning This month Federal Reserve Chairman Jay Powell spoke about the emergence of Central Bank Digital Currencies (CBDC), a landmark address on the potential for crypto currency used in institutional settings. Through 2020 we’ve noticed now a number of central bank leaders around the world speak about digital assets / crypto currencies in a more accepting light. Is this the beginnings of a transition to a new monetary system? Is the nature of money changing? I’m studying these ideas in depth with plans to release a video soon. In the meantime, if these questions are on your mind too, please be in touch.
Ben Kizemchuk offers full service wealth management for high net worth Canadians including families, business owners, and successful professionals. Ben and his team provide investment advice, financial planning, tax minimization strategies, and retirement planning.
The opinions contained herein are the opinions of the author and readers should not assume they reflect the opinions or recommendations of Wellington-Altus Private Wealth. Assumptions, opinions and information constitute the author’s judgement as of the date this material and subject to change without notice. We do not warrant the completeness or accuracy of this material, and it should not be relied upon as such. Before acting on any recommendation, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. Graphs and charts are used for illustrative purposes only and do not reflect future values or future performance of any investment. The information does not provide financial, legal, tax or investment advice. Particular investment, tax, or trading strategies should be evaluated relative to each individual’s objectives and risk tolerance. All third party products and services referred to or advertised in this presentation are sold by the company or organization named. While these products or services may serve as valuable aids to the independent investor, WAPW does not specifically endorse any of these products or services. The third party products and services referred to, or advertised in this presentation, are available as a convenience to its customers only, and WAPW is not liable for any claims, losses or damages however arising out of any purchase or use of third party products or services. All insurance products and services are offered by life licensed advisors of Wellington-Altus. Wellington-Altus Private Wealth Inc. is a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada. All trademarks are the property of their respective owners.
Market Commentary
November 2020 Update
The thankful receiver bears a plentiful harvest. – William Blake
Markets
I’m pleased to report that as I write this, the Growth Portfolio is up over 10% for the year, and outperforming the S&P/TSX Composite Index by about 12%. Each of our model portfolios performed well in October, surpassing benchmarks. Our systematic and disciplined approach is regaining momentum after some much welcomed improvements over the last two years.
As many readers know, I’m always carrying out research and development to improve our long run experience. This month I found something new and unique… a new piece of math that blends two older portfolio ideas together in a new way. Tested historically and in simulation, the math is adept at identifying securities on the verge of price surges. It is a rather intuitive piece of math and works in much the same way a reasoned investor would look at such opportunities in person. It’s not perfect, nothing is, but improves the batting average substantially. Best of all, many of our current holdings already reflect this degree of opportunity.
With wind in our sails, I am optimistic on our future. There are longer term positive forces at work for our holdings.
Financial Planning
This month Federal Reserve Chairman Jay Powell spoke about the emergence of Central Bank Digital Currencies (CBDC), a landmark address on the potential for crypto currency used in institutional settings. Through 2020 we’ve noticed now a number of central bank leaders around the world speak about digital assets / crypto currencies in a more accepting light. Is this the beginnings of a transition to a new monetary system? Is the nature of money changing? I’m studying these ideas in depth with plans to release a video soon. In the meantime, if these questions are on your mind too, please be in touch.
New Videos
Recommended reading
The most important quality in entrepreneurs: https://www.fastcompany.com/90537668/this-is-the-most-important-quality-for-entrepreneurs-says-how-i-built-thiss-guy-raz
A good article on recognizing the limits of human thought: https://markmanson.net/logical-fallacies
An amazing video on the growing power of AI: https://www.youtube.com/watch?v=Te5rOTcE4J4
Are financial systems ruled by biology or physics? https://www.collaborativefund.com/blog/darwin-newton/
Yours,
Ben
Ben W. Kizemchuk
Portfolio Manager & Investment Advisor
Wellington-Altus Private Wealth
Office: 416.369.3024
Email: bwk@wprivate.ca
Book a meeting
Ben Kizemchuk offers full service wealth management for high net worth Canadians including families, business owners, and successful professionals. Ben and his team provide investment advice, financial planning, tax minimization strategies, and retirement planning.
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The opinions contained herein are the opinions of the author and readers should not assume they reflect the opinions or recommendations of Wellington-Altus Private Wealth. Assumptions, opinions and information constitute the author’s judgement as of the date this material and subject to change without notice. We do not warrant the completeness or accuracy of this material, and it should not be relied upon as such. Before acting on any recommendation, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. Graphs and charts are used for illustrative purposes only and do not reflect future values or future performance of any investment. The information does not provide financial, legal, tax or investment advice. Particular investment, tax, or trading strategies should be evaluated relative to each individual’s objectives and risk tolerance. All third party products and services referred to or advertised in this presentation are sold by the company or organization named. While these products or services may serve as valuable aids to the independent investor, WAPW does not specifically endorse any of these products or services. The third party products and services referred to, or advertised in this presentation, are available as a convenience to its customers only, and WAPW is not liable for any claims, losses or damages however arising out of any purchase or use of third party products or services. All insurance products and services are offered by life licensed advisors of Wellington-Altus. Wellington-Altus Private Wealth Inc. is a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada. All trademarks are the property of their respective owners.