Miscellaneous

China: Opportunity or Threat?

January 31, 2005

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The rapid growth of China is fuelling demand for Canada’s resources. Is this a threat (bypass registration here) or an opportunity? While increasing trade with China is desirable, outright Chinese control of Canadian resource companies is not. Unless the threat of Chinese ownership of resource companies is first addressed, Canada won’t be much of an opportunity.

RESP 101

January 31, 2005

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We don’t have kids (yet) but it is good to know about education savings plans available. There was a nice introduction in the Sunday edition of the Toronto Star (bypass registration here).

Columns I read today…

January 14, 2005

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  • An old, hard-hitting interview by Ted Aronson to Money magazine available here. It is refreshing to hear a money manager running a mutual fund telling us that we have to invest in low-cost funds and avoid actively managed funds altogether (including his own!) in taxable accounts.
  • Writing in the Toronto Star (registration required), David Crane argues that Canada’s future prosperity depends on innovation and suggests four emerging trends that provide huge opportunities.
  • The New York Times Outlook for the markets in 2005. Nothing really new here though.
  • From the latest issue of Forbes: David Dreman is forecasting a 5% rise in the S&P 500 for 2005, recommends stocks with a value-bent (like always) and thinks long-term bonds will suffer. Ken Fisher, on the other hand, thinks S&P 500 will post a 25% gain and reviews his stock recommendations of the past year.
  • Donald Luskin argues in his Ahead of the Curve column, that Bush’s Social Security Reform will be very bullish for stocks.