Today’s great paradox is that the longer “secular stagnation” persists, the higher asset prices will likely rise and the higher the risks of major policy exits. To be sure, this is not an argument driven by bullish perspectives on the real economy. It is a recognition that the sponsorship of rising global asset markets by the world’s monetary authorities will continue for some time. Central banks are all in. And Japan is the leading case in point. We believe this will have salutary effects on Japanese stocks, especially the small-cap variety.
You’ve heard the old saying that too many cooks can spoil the broth. Not so with Capital International Global Equity Fund, the Fundata FundGrade 2014 A+ Award-winning global equity fund with a unique multi-manager approach that just seems to keep improving with extra seasoning. I peeked into the kitchen to try to learn just how they make it work.
Many Canadian Snowbirds who have become fed up with Canada’s long, hard winters (and there are bound to be many more this year, especially from the Eastern provinces) have purchased winter homes in Southern U.S. states. This has been an especially popular move over the past few years, with U.S. real estate at exceptionally affordable levels and interest rates at rock bottom. If you fall into this fortunate group, there are some cross-border tax traps to beware of, particularly if you rent out your U.S. property, and also when you decide to sell.
I receive many questions from readers, so every few weeks I’ll answer some of them in this space. Here some questions about the high GIC rates offered by Oaken Financial, and about advisor compensation.