Canadian Capitalist

I bought AIG for my retirement account last month, when New York Attorney General Eliot Spitzer indicated that he expects to reach a civil settlement with the company. Today, Mr. Spitzer filed a civil complaint against the company and AIG’s stock rallied 3% on optimism that former management seems to be the main target of [...]

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Last month, I bought Anheuser-Busch (NYSE: BUD) in my retirement account. My primary reason for buying was that BUD traded at the low end of its historical valuation for a fine company that has consistently increased its sales, earnings and dividends. Yesterday, the stock popped 7% on the company’s terse announcement that Warren Buffet has [...]

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My dumbest investment turns out to be not so much what I bought, but what I didn’t sell. Just out of university, I joined a start-up tech company in the go-go days of the late nineties. It was a good time to be an engineer. Companies held BBQs to hire software developers and gave away [...]

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I am buying scandal-tainted AIG for my retirement account. The breadth of accounting irregularities at AIG has been widely reported. The Dow component stock has fallen from a high of $72 (reached after the resolution of a previous set of problems) to around $52. AIG has also delayed filing its 2004 annual report pending a [...]

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I am buying Anheuser-Busch (NYSE: BUD) for my retirement account. The main thesis for investment is valuation: at a recent price of $47.50, A-B is trading at an estimated 2005 P/E of 16, which is at the low-end of its historical valuation. Over the past ten years, A-B has consistently increased its sales, earnings and [...]

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Our portfolio (stocks and cash, no bonds) returned 7.21% in 2004. The portfolio is currently divided into 50% Canada, 40% US, 8% International and 2% cash.
The returns for various asset classes in 2004 (in C$) is as follows:
TSX Composite: +12.48%
SCM Bond: +7.15%
C$/USD: +7.52%
S&P 500: +1.37%
DJIA: -4.1%
NASDAQ: +1%
Gold: -2%
Crude Oil: +24.6%
US equity returns were adversely affected [...]

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