Welcome to the Chalten Investment Review for Q2 2018. In last quarter’s review we dedicated some space to reminding investors that the best way to deal with market volatility is to be prepared. Being prepared means an appropriately targeted asset allocation, broad diversification and disciplined rebalancing. When we’re prepared we can watch the oft peculiar […]
Welcome to the Chalten Investment Review for Q4 2017. The fourth quarter of 2017 capped another strong year for risky asset investment returns, especially equity returns. While the CAD/USD exchange rate remained relatively stable during Q4, the Canadian dollar gained 7% against the USD during 2017. Even with Canadian dollar strength, however, Canadian investors benefited […]
Welcome to the Chalten Investment Review for Q3 2017. Last quarter we highlighted how currency movements can impact the returns of a diversified portfolio and the merits of keeping currency exposure on the equity side of your portfolio while hedging currency exposure on the bond side of your portfolio. July brought another meaningful appreciation of […]
Welcome to the Chalten Investment Review for Q2 2017. Last quarter we touted the merits of holding a passive, globally diversified portfolio of stocks and bonds versus the potential perils and pitfalls of trying to time market swings. Trying to beat the market is a loser’s game and as Charles Ellis so rightly pointed out […]
Welcome to the Chalten Investment Review for Q4 2016. At the end of this past quarter and year we reflect and feel relief that we don’t hang our hat on the crystal ball of prediction! After the rocky start stock markets had in January and early February, who could have expected the rebound through the […]
Welcome to the Chalten Investment Review for Q3 2016. A reminder first, that the purpose of this review is not to explain why market movements happened in the past, nor is it an attempt to predict what’s going to happen in the future – rather just a humble characterization of the environment in which we […]
Welcome to the Chalten Investment Review for Q2 2016. This quarter we all became very familiar with a new word – Brexit! The results of the long awaited referendum on whether or not the UK will remain as part of the European Union surprised many and none more so than the markets. Right up until […]
Welcome to the Chalten Investment Review for Q1 2016. If you’re just checking your portfolio now for the first time since the beginning of the year, I’m sorry; you’ve missed all the fun! A few days ago the headline across many financial media outlets read, “Biggest quarterly comeback for the Dow since 1933”. No doubt […]
Welcome to the Q4 2015 installment of the Chalten Investment Review. Partway through January one can’t help but feel that Q4 was an investing lifetime away! The rearview mirror reflects a status quo very different to what we’re experiencing now. For some, the recent volatility will feel like chaos and panic, for some it will […]
Welcome to the Chalten Investment Review. It somehow feels easier for us to describe what this letter is not rather than what it is. It is not ever going to be a scoreboard or place to brag; nor will it ever be an apology or place for excuses. No “I told you so” and no […]