{"id":615,"date":"2021-06-01T16:00:55","date_gmt":"2021-06-01T20:00:55","guid":{"rendered":"https:\/\/advisor.wellington-altus.ca\/stonehavenwealthmanagement\/?p=615"},"modified":"2021-05-31T13:54:05","modified_gmt":"2021-05-31T17:54:05","slug":"june-2021-update","status":"publish","type":"post","link":"https:\/\/advisor.wellington-altus.ca\/stonehavenwealthmanagement\/2021\/06\/01\/june-2021-update\/","title":{"rendered":"June 2021 Update"},"content":{"rendered":"

The two most powerful warriors are patience and time. \u2013 Leo Tolstoy<\/em><\/p>\n

I\u2019m happy to report the model portfolios each recorded another positive month this May. A healthy mix of recovering economic growth and newfound optimism continue to lead our stock prices higher. While inflation is starting to crimp consumer demand in certain places (lumber, anyone?), our stocks have benefited from this dynamic, which I expect to continue for some time. We’ve found a number of newly emerging and strong market trends in sectors that point beyond the wake of 2020, to truly fresh beginnings.<\/p>\n

Notably, large institutional investors, who spent 2015 to 2020 allocating money to growth stocks, are starting to reverse course, adding capital back to deeply discounted value stocks. While it is too early to determine if and how long this trend lasts, it does create another favourable tailwind for our companies. I remain optimistic on the year ahead.<\/p>\n

I\u2019m also pleased to share two good pieces of corporate news: First, Wellington-Altus was named one of Canada\u2019s Best Managed Companies<\/a>, speaking to the quality of our client relationships, our many talented partners, and our unparalleled executive leadership.\u00a0Only days later, our firm was ranked the best wealth advisory firm in Canada<\/a> by Investment Executive magazine. This is the second year in a row we\u2019ve won the top spot. On behalf of our organization, thank you so much for being a part of this journey. Onwards and upwards!<\/p>\n

New Videos<\/strong><\/p>\n

Portfolio Manager Ben Kizemchuk\u00a0discusses one of the most powerful and simple strategies to help improve investment portfolios.<\/p>\n

 <\/p>\n

https:\/\/www.youtube.com\/watch?v=nvEwTUhCChM<\/a><\/p>\n

Portfolio Manager Ben Kizemchuk discusses the American Growth Portfolio and three themes driving recent investment results.<\/p>\n

 <\/p>\n

Model Portfolio Highlights<\/strong><\/p>\n

Growth Portfolio<\/strong>
\nThis month we\u2019ll review our recent purchase Quebecor. Quebecor is a telecom and media company serving primarily the province of Quebec. The company\u2019s three divisions include it\u2019s well-known Videotron brand, it\u2019s media group consisting of tv stations, radio and print, and finally it\u2019s sports and entertainment group including Quebec City\u2019s Videotron Centre. Quebecor\u2019s opportunity comes in the pending merger between Rogers and Shaw. Should Shaw\u2019s Freedom Mobile come up for sale as a result of the merger, Quebecor would be a likely buyer, significantly improving the company\u2019s longterm cashflow profile. While we wait for the regulators to analyze the deal, we collect an attractive +3% dividend from a company trading relatively cheaply vs the index, with a higher growth profile. Quebecor\u2019s shares recently crossed into all-time new high territory.<\/p>\n

American Growth Portfolio<\/strong>
\nWe recently purchased shares of Hillrom (previously Hill-Rom). Anyone spending time in a hospital will recognize the Hill-Rom logo just about everywhere on various pieces of equipment. It is no more prevalent than on hospital beds, where the company holds a strong market-leading position. Hillrom also owns the Welch-Allyn brand, which makes all sorts of diagnostic and monitoring equipment. That name too you’ll find all over hospitals, and likely the doctor’s office. If anything, covid has shone a spotlight on the need to improve North American healthcare capacity, which includes adding and upgrading beds. Coupling this new trend with the Boomer generation\u2019s ever-increasing health spending, Hillrom is poised to capture significant profits over the years ahead.<\/p>\n

Income Portfolio<\/strong>
\nWe made no changes to the Income Portfolio in May. Our Canadian and US dividend holdings continue to do well as expected. With dividend yields still attractively priced compared to bonds yields, I expect further good performance from dividend stocks.<\/p>\n

Small Cap Portfolio<\/strong>
\nWe\u2019ll review Generation Mining, a recent purchase. GENM is developing a palladium mine in Northwestern Ontario, recently completing a favourable feasibility study indicating a relatively low cost deposit. This is the largest undeveloped palladium project in North America. Palladium is known as a \u201crare earth\u201d metal, and is currently used to reduce emission in cars. It is anticipated that palladium will play an even greater role in the decades ahead to reduce emissions on the path towards a net-zero carbon economy. Since the stock\u2019s debut in 2018, GENM has been riding a strong wave of investor interest into new highs.<\/p>\n

Across all portfolios I look for mispriced opportunities, considering only those with a significant margin of safety and minimal risk of permanent capital loss. After identifying such opportunities, patience is the most important factor in realizing our expected long term return.<\/p>\n

If you have any questions about your portfolio, financial planning or investments please be in touch. Click to book a meeting:\u00a0https:\/\/calendly.com\/bwk-wapw<\/a><\/p>\n

Thank you.<\/p>\n

Yours,<\/p>\n

Ben<\/p>\n

Ben W. Kizemchuk
\nPortfolio Manager & Investment Advisor
\nWellington-Altus Private Wealth\"\"<\/p>\n

Office: 416.369.3024
\nEmail: bwk@wprivate.ca<\/a>
\nBook a meeting<\/a><\/p>\n

Ben Kizemchuk offers full service wealth\u00a0management for high net worth Canadians including families, business owners, and successful professionals. Ben and his team provide\u00a0investment advice, financial planning, tax minimization strategies, and retirement planning.<\/p>\n","protected":false},"excerpt":{"rendered":"

The two most powerful warriors are patience and time. \u2013 Leo Tolstoy I\u2019m happy to report the model portfolios each recorded another positive month this May. A healthy mix of recovering economic growth and newfound optimism continue to lead our stock prices higher. While inflation is starting to crimp consumer demand in certain places (lumber, […]<\/p>\n","protected":false},"author":90,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_oasis_is_in_workflow":0,"_oasis_original":0,"_oasis_task_priority":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[14],"tags":[],"class_list":["post-615","post","type-post","status-publish","format-standard","hentry","category-market-commentary"],"_links":{"self":[{"href":"https:\/\/advisor.wellington-altus.ca\/stonehavenwealthmanagement\/wp-json\/wp\/v2\/posts\/615","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/advisor.wellington-altus.ca\/stonehavenwealthmanagement\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/advisor.wellington-altus.ca\/stonehavenwealthmanagement\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/advisor.wellington-altus.ca\/stonehavenwealthmanagement\/wp-json\/wp\/v2\/users\/90"}],"replies":[{"embeddable":true,"href":"https:\/\/advisor.wellington-altus.ca\/stonehavenwealthmanagement\/wp-json\/wp\/v2\/comments?post=615"}],"version-history":[{"count":1,"href":"https:\/\/advisor.wellington-altus.ca\/stonehavenwealthmanagement\/wp-json\/wp\/v2\/posts\/615\/revisions"}],"predecessor-version":[{"id":616,"href":"https:\/\/advisor.wellington-altus.ca\/stonehavenwealthmanagement\/wp-json\/wp\/v2\/posts\/615\/revisions\/616"}],"wp:attachment":[{"href":"https:\/\/advisor.wellington-altus.ca\/stonehavenwealthmanagement\/wp-json\/wp\/v2\/media?parent=615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/advisor.wellington-altus.ca\/stonehavenwealthmanagement\/wp-json\/wp\/v2\/categories?post=615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/advisor.wellington-altus.ca\/stonehavenwealthmanagement\/wp-json\/wp\/v2\/tags?post=615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}