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Nick Majendie's Weekly Strategy Notes
This Week's Summary
Portfolio Strategy | Nick Majendie, CA
Nov 13th 2008
Nick Majendie, CA, 1.604.643.7005
Summary of this week’s Strategy Note
10 POSITIVE DEVELOPMENTS
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Markets usually bottom four or five months before a recession ends.
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At that time, the news is almost universally negative and little real attention is paid by the media or investors to things that have actually started to improve.
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A number of these positives have been appearing recently. A list of 10 of them appears in these week’s notes.
Changes to Canadian Equity Model Portfolio
- There were no portfolio changes last week.
For further details, please read the full version of the Weekly Strategy Notes dated Nov 12th, 2008.
Tax Loss Selling:
In order to offset capital gains and reduce the tax burden on our clients, the Independence Team will be initiating tax loss selling to realize capital losses across the Income Growth, Canadian Equity and Balanced portfolios. This will affect non-registered accounts opened prior to June 30th, 2008 and will allow for the offsetting of capital gains back to the 2005 tax year. We will be offsetting these sales with Exchange Traded Funds for a 30 day period , which will not change the sectoral allocation of the portfolio.
For more research and our coverage universe online, visit Canaccord Adams' Research Portal.
Comment from Nick Majendie Nov 5th 2008
Weekly Strategy Notes
Independence Monthly Report
Quarterly Report
Putting Your Market Emotions in Perspective
