- Larry MacDonald of Investment Ideas blog highlights a study, which found that for many model portfolios deferring rebalancing for as long as four years provided the best returns. You can find the original article here.
- Canadian Banks & Insurance posted a handy table of the 2006 returns of some of the big names in the financial sector. CIBC had the best annual price gain of 28% and Sun Life Financial the worst at 5.5%. Bank of Montreal (TSX: BMO) currently has the best yield 3.78%, while Manulife Financial has the worst at 2.03%.
- Melanie writes on Canadian Mortgage Trends that consumers getting a new mortgage should also pay attention to the “extras” that might save them money rather than just the lowest interest rate.
- If one of your New Year resolutions is paying less tax, you may want to check out some of the tax-saving strategies suggested by tax-expert Tim Cestnick in The Globe and Mail.
- We hold Home Depot (NYSE: HD) in our portfolio and I cannot say I am a fan of ousted CEO Bob Nardelli who managed to alienate employees, shareholders and Wall Street, but I do hope he wasn’t let go because the stock is languishing. A CEO’s job should be growing sales, growing earnings, earning a decent return on capital and not managing the share price as Contrarian Edge points out in his excellent post.
