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Yuan to make money?
Mark Hewlett wishes everyone would leave Europe alone. The managing partner with London-based Anello Asset Management is frustrated by all the attention his part of the world is getting when the “big elephant” is really America, its massive deficit and its depreciating dollar. “That’s what everyone’s most scared of,” he says. As a currency expert, he’s carefully watching what’s...
The time is now
If you can’t wait for 2011 to end, you’re not alone. For money-conscious Canadians, this has been another difficult year. We’ve been told that we need to save more, that housing prices are unsustainable, that bailouts in Europe will help solve the globe’s economic problems, only to see Greece and Italy descend further into despair. The stock market has been jumpy too, and low bond yields...
Gas burns brighter
Lanny Pendill has been around long enough to know that, when people get too bearish or bullish on a commodity, he should take the opposite view. That’s why, in 2007, when natural gas prices were about $15 per thousand cubic feet (Mcf), the St. Louis–based senior analyst at Edward Jones was telling people that the good times were soon going to end. “I knew that price wasn’t here to stay...
Survival Guide: Investing
Dave Richardson has always been an equities guy, but even he knows that convincing people to invest in the stock market today is a tough sell. The vice-president of RBC Global Asset Management is convinced that troubled markets offer opportunities. But, he acknowledges, “it’s understandable that people would be nervous about holding equities at all.”
Since Jan. 3, the S&P/TSX composite...
Europe on the cheap
Paul Ehrlichman can’t wait to see Greece finally default. “The country’s a fraud,” he says. “There is no hope.” With a one-year government bond yielding more than 100%, it’s as if the country has already defaulted, explains the head of global equity for Delaware-based Global Currents Investment Management. The sooner it goes under, the sooner Europe can start healing. But until...
Safer than gold
At $27 an ounce, silver’s price is nowhere near as high as the nearly $1,400 an ounce that gold is going for. But if you’re looking for quick gains, look again: believe it or not, silver’s meteoric rise has actually outpaced that of the seductive yellow metal — silver’s price has climbed 185% over the past five years, while gold has jumped by 133%. Why the rapid growth?...
Outlook 2011: Investor playbook (RRSPs)
If you heard a giant sigh of relief when the clock struck midnight on New Year’s, it likely came from Canadian investors, thankful that 2010 had come to an end. The year was a trying one. After shooting up by nearly 3,500 points in 2009, the market climbed only about 1,500 points last year. Daily talk of a double dip, soaring sovereign debt and uncertainty around the global economy’s...
Bryan Borzykowski is a Toronto-based writer and editor working mainly for business publications. He writes for the New York Times, Canadian Business magazine, Globe and Mail, Bloomberg Businessweek Custom Publishing, Toronto Star, MoneySense and more. Bryan's the editor of Review magazine and is a senior editor with Connected for Business magazine. He's also a contributing writer with Hello! Canada and was once a weekly music columnist for Metro News. He's been nominated for several National Magazine Awards and he's co-authored