Diary of a Portfolio Manager

Expert insights on wealth management, retirement planning, and building a secure financial future. With practical advice and thoughtful strategies, these articles are designed to simplify complex topics and help you make confident, informed decisions.

Diary of a Portfolio Manager

 August 25, 2023 |Todd Kennedy
DIARY OF A PORTFOLIO MANAGER How is it already August 25th? Around the office, summer students are getting ready for back to school. The second half of the summer saw more subdued price action with both equity and bond markets showing a slight decline...
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Diary of a Portfolio Manager

 June 30, 2023 |Todd Kennedy
DIARY OF A PORTFOLIO MANAGER Here are some thoughts from our Global Strategy Group as we head into a short week on both sides of the border: Rallies, recessions, and realistic thinking While the S&P 500’s surge over the past nine months has rekindled...
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Diary of a Portfolio Manager

 June 02, 2023 |Todd Kennedy
It’s Dickinson Days in Manotick and the big parade is tonight. This is the first time in a few years that there has not been a float being decorated in my driveway the day of the parade. On the investment front, many have been predictably preoccupied...
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Chart of the Day

Diary of a Portfolio Manager

 May 23, 2023 |Todd Kennedy

People often ask me if Canada is susceptible to the same type of bank runs and failures as the U.S.  The chart below illustrates that they operate under very different environments.

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Diary of a Portfolio Manager

 May 08, 2023 |Todd Kennedy
"What gives you opportunities is other people doing dumb things ... In the 58 years we’ve been running Berkshire, I would say there’s been a great increase in the number people doing dumb things, and they do big, dumb things." - Warren Buffett, May 6...
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Diary of a Portfolio Manager

 March 17, 2023 |Todd Kennedy
I sent out a note last week re Silicon Valley Bank and I thought that I was being super proactive. And since then, it’s been a whirlwind of a week in global markets. What’s going on? Concerns over the stability of the global banking system emerged after...
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Diary of a Portfolio Manager

 February 24, 2023 |Todd Kennedy
Volatility has resurfaced over the past month. It’s been most evident in the bond market, with yields having moved meaningfully higher (and prices lower), reaching levels seen in November of last year. The move on the equity side has been less pronounced...
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Diary of a Portfolio Manager

 January 27, 2023 |Todd Kennedy
Good day, Are you up for a short history lesson? TSX Annual Returns 1957-2022 2022 was the 19th time the TSX has delivered negative returns for a calendar year since 1957. The long-term trend for the TSX is usually upwards because the economy and profits...
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Diary of a Portfolio Manager

 January 24, 2023 |Todd Kennedy
Good day Contact information – please ensure that you have all of us in your records. Note that anyone on the team can assist with any request but it may not hurt to know who to call for specific items. Ryan King 613-566-4625 ryan.a.king@rbc.com If you...
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