Leo’s Blog | The Latest News
Security Financial Update
It looks like 2018 will be the first year since 2008 where all the major indices are negative for the year. Since 2008 we had an upward trajectory in the market with no recession since the Great Recession of 2008-09. We are now showing signs of a late-cycle market...
read more
Control Your Destiny, for Clients’ Sake
Hard to believe the summer is almost over, my children are already going back to school next week and I ask myself where has the summer gone? In any event, I wanted to share with you a featured article I wrote for BMO Global Asset Management’s newsletter. In it, I...
read more
Feature in BMO Insight Magazine
I wanted to take this opportunity to share my interview with BMO Global Asset Management Investment Review. I was featured in their Insight magazine which is an industry publication. I discussed my philosophy about the framework for constructing client portfolios. The...
read more
Late cycle: don’t be a ‘deer in the headlights’
2018 marks year #10 since our last global market downturn. To place this into context, historically a market correction-recession typically happens every 5-6 years. As you can appreciate we are well beyond those statistics which leads me to believe we are closer to...
read more
Fundamentals or hype?
Does the average person buy a stock/business because they understand the business model, they understand it’s competitive intelligence, it’s barrier to entry for the competition, and their financial position? Or do they buy based on hype? I am writing this note due...
read more
Market declines are like vegetables – they don’t always taste good but can be good for you
I wanted to provide feedback on the recent market downturn. This activity is not a bear market which is defined as 3-6 months of a market downturn, rather a market correction that is long overdue – and perfectly normal when you look at historical trends. Since March...
read more
Millions of Canadians already struggling with interest rate rises
I wanted to pass along an interesting article from Wealth Professional Canada regarding Canadian's struggles with the inevitable rising interest rate environment. Whether it be a mortgage or an investment loan, a minimal uptick in interest rates would mean less...
read more
Is the Canadian economy losing steam?
The Canadian economy contracted in August — its first monthly pullback since October last year. Statistics Canada said Tuesday real GDP shrank 0.1% in August, following essentially no change in July. The Canadian economy began 2017 with strong growth through the first...
read more
Security Financial Deposit Group – competitive GIC rates
Over the years clients of the firm have been asking about GIC deposits and unfortunately I always turned that business away as there was no offering in place. Today I am pleased to announce the launch of Security Financial Deposit Group! Security Financial Deposit...
read more
Canadian Consumer Data
Lately, there has been much media hype about the Canadian economy, and the data seems to suggest we are certainly experiencing growth. However, one pressing question remains - how much of this growth will actually be felt by the average Canadian? Recently, the...
read more