Richard Crenian Blogs
March 3rd, 2010
Banking Money and You……by Richard Crenian
Just the facts, Ma’am:
First quarter profits…….
National Bank at $215 million up from 69 million;
BMO -Bank of Montreal $657 million from 432 million;
TD Bank shows double their quarterly profit posting a gain of 1.3 billion dollars.
These are the quarterly results of the Canadian banks. These banks are what the global standard is set by. It is obvious why.
With all the bank failures in the US (15 alone in the month of January), it is wonder why one picks Canada for safety and security. The knock about Canada and the Canadians is that they are too quiet, too polite, and too boring. If you are an investor boring is good, and if you are an investor past 45 years old, boring is great.
Oil, gold, etc have been great commodities for the rich commodity Canada. Is it any wonder why we are lucky to be here and live here? Is it any wonder that foreign investors are flocking here; wealthy immigrants are moving and wanting to move, to Canada. Boring is good sometimes, and being here in Canada we are glad.
Howard and I are both boring investor turtles, we will go slow and steady into the sunset, like we want our investments to do. Why not? We aren’t going to be around forever but when we are we will take care of our day to day concerns and leave well for those that remain.
Call Howard at 4036304544 or email him at howardmanley@shaw.ca to chat or exchange ideas. Of course you can always write to me at richardc@redevgroup.ca. Thanks for reading.
Richard Crenian
www.redevgroup.com
Showing posts with label Shopping. Show all posts
Showing posts with label Shopping. Show all posts
Friday, March 5, 2010
Tuesday, March 2, 2010
Canada, eh?
Richard Crenian Blogs
2-Mar-10
Canada Eh?
I’ve been thinking about this quite a bit. I’ve been reading in the newspaper about what’s happening in Greece. Their economy is so laden with debt. When you look at the countries like Greece, Germany, Portugal, Spain you can’t help but notice they are all in dire straits. It’s no wonder! The trouble starts because they’re buying each other’s paper and gradually there isn’t money to back the paper.
In the case of Greece, the country has so much debt it cannot issue any more paper as it isn’t worth anything.
Next thing you know the Euro is affected and the European Union is scrambling to figure out what to do. What a mess!
Also, last week we spoke about what is happening in the U.S. in terms of foreclosures.
It is still scary.
Yet is happening in the USA seems starts to seem tame by comparison to what is happening in parts of Europe. Now that the Euro is weakened by all the debt you are seeing the U.S. people are now buying the U.S. dollar despite the scary things happening in the States.
I am not an expert on world politics or the world economy but whenever you read things like this it really makes you appreciate what is happening in Canada.
As the Euro falls the Canadian dollar picks up steam.
How does that play into Canada or why is Canada such a good place? When you read what has happened in the last few days you know that the Canadian economy has expanded by 5% (annualized) in the fourth quarter of 2009, and when you see a number like a 5% annualized you know that things are going well.
We haven’t seen gross domestic product growth since 2000. Why is that? Well when you look at what is happening in Canada, we have mining we have oil and gas, and we have manufacturing, construction and a whole gamut of service producing industries.
This has continued to fuel the wholesale trade along with real estate in Canada.
This may mean we will see our Canadian government raise interest rates in the third quarter or fourth quarter of this year (2010) so the economists say, in an effort to control growth and inflation and help maintain the safe economic environment we’ve grown accustomed to.
Its little wonder Canada’s fast becoming worlds preferred place to invest in.
Good governance, good place, good timing. Go Canada, go!
Richard Crenian
www.redevgroup.com
richardc@redevgroup.ca
2-Mar-10
Canada Eh?
I’ve been thinking about this quite a bit. I’ve been reading in the newspaper about what’s happening in Greece. Their economy is so laden with debt. When you look at the countries like Greece, Germany, Portugal, Spain you can’t help but notice they are all in dire straits. It’s no wonder! The trouble starts because they’re buying each other’s paper and gradually there isn’t money to back the paper.
In the case of Greece, the country has so much debt it cannot issue any more paper as it isn’t worth anything.
Next thing you know the Euro is affected and the European Union is scrambling to figure out what to do. What a mess!
Also, last week we spoke about what is happening in the U.S. in terms of foreclosures.
It is still scary.
Yet is happening in the USA seems starts to seem tame by comparison to what is happening in parts of Europe. Now that the Euro is weakened by all the debt you are seeing the U.S. people are now buying the U.S. dollar despite the scary things happening in the States.
I am not an expert on world politics or the world economy but whenever you read things like this it really makes you appreciate what is happening in Canada.
As the Euro falls the Canadian dollar picks up steam.
How does that play into Canada or why is Canada such a good place? When you read what has happened in the last few days you know that the Canadian economy has expanded by 5% (annualized) in the fourth quarter of 2009, and when you see a number like a 5% annualized you know that things are going well.
We haven’t seen gross domestic product growth since 2000. Why is that? Well when you look at what is happening in Canada, we have mining we have oil and gas, and we have manufacturing, construction and a whole gamut of service producing industries.
This has continued to fuel the wholesale trade along with real estate in Canada.
This may mean we will see our Canadian government raise interest rates in the third quarter or fourth quarter of this year (2010) so the economists say, in an effort to control growth and inflation and help maintain the safe economic environment we’ve grown accustomed to.
Its little wonder Canada’s fast becoming worlds preferred place to invest in.
Good governance, good place, good timing. Go Canada, go!
Richard Crenian
www.redevgroup.com
richardc@redevgroup.ca
Friday, February 5, 2010
Everyone is an Expert? by Richard Crenian
Is it time to change your investments advisor?
Here's a transcript of my latest conversation with our media consultant this week.
Q: Richard, when does one know when it?s time to change their investments adviser?
Richard Crenian: You know, sports and business are so intertwined. I live in Toronto and one of our offices is in Calgary. Yesterday at around noonish in Toronto, the Toronto Maple Leafs hockey team announced that it was trading a bunch of players to Calgary and Calgary was trading a bunch of players to Toronto, with the idea that it would shake up the team. What happens is, by trading off players and bringing in new players, it sometimes brings new blood into the team, so that the teams have a different approach, a winning approach to playing the game and winning also brings about one important thing, is that the clubs make money. So ideally if sports is business and clubs are there to make money, they?re there wanting to shake up staff to allow themselves to win and make money.
While it?s funny that we don?t realize the kind of approach we have towards our investment advisors. Because they are stockbrokers, we?ve gone through the whole gamut where we?ve lost a bunch of money and now the mutual funds where a lot of people are invested in have started creeping back but not quite to the levels that we lost those big numbers at. So everybody sings the same tune, everybody tells the same thing. What is it about that one special adviser that you need to listen to or go to and every time you sit down with your investment adviser, they tell you the same story that six hundred other advisors tell you about. And the thing is you are always looking for a winner because the investment adviser is giving you advice today isn?t making you money. He is not the guy risking his own money and so if he gives you bad advice, a wrong advice or market advice or some advice that his economists or his staff has told him to give you, then, then maybe it?s time you should be looking at a new investment adviser, someone that will be able to give you different kinds of products. You know if you are only used to stocks and bonds and mutual funds, and there?s an opportunity for you to diversify. You?re a stockbroker there sitting there isn?t telling you to go buy this other product cause he is not making commission doing so.
Anybody can be an investment adviser today. Everybody says that "I am an expert at this", "I?m an expert at that", when in reality they are an expert at making money for themselves. What about making money for you as a client? If you?re really bogged down with the same story that you hear, you read every paper and you hear the same story and you?re tired of it, it?s time to look for somebody new.
Economists. I had a breakfast with the economists that works for a big investment adviser, a wealthy investment company in Toronto one day, and they were telling me that a, a story and I turned around and I said, ?Listen, I appreciate what you?re saying, how you?ve framed the economy, where it?s going and stuff. What products are you selling today?? So he was telling me what kinds of products he was selling and his conversation of what he told me was framed completely to sell his product. So a lot of times when you hear an investment adviser who is giving you advice, it?s because they have hired guns on staff to give you advice to buy their product.
Here it is, here is the rent roll. We say here?s what you look at, here?s the cash flow you can expect to get and you know, you can expect to get it. We, we tell you the good, the bad and the ugly. If everything goes well, this would be the your returns, if it doesn?t go well, we can tell you. We?ll tell you too. We don?t like to tell you bad news, if a tenant leaves or whatever, but that?s the reality of the day. We?ll replace, we?ll replace the tenant. Sometimes it takes longer, sometimes it doesn?t take as long but you know I think, you need to have somebody telling you the good, the bad, the ugly. We?ve got nothing to hide. So if your investment adviser telling you that everything is great, everything is better, buy gold, buy silver or buy everything else, find out what products they are selling. And if they are selling the products they are harping about, that?s the time you change investment advisers.
Meanwhile, go to our website and you?ll be able to see the products we are selling and you make up your own mind. If you think we are selling good products, come buy from us. If you think we are selling junk, don?t even bother calling us cause, you know what, we don?t want to be there, if, if you think we are selling junk. We just want to be able to sit down and have a heart to heart talk to you. We?ll explain to you our position and if it sounds like we are making sense, come talk to us. If it doesn?t then you know what, no worries at all. We understand and we?ll both carry on.
Call Howard at 4036304544 or email him at howardmanley@shaw.ca, or write me if you have any thoughts you would like to share.
Thank you for reading.
Richard Crenian
www.redevgroup.com
richardc@redevgroup.ca
Here's a transcript of my latest conversation with our media consultant this week.
Q: Richard, when does one know when it?s time to change their investments adviser?
Richard Crenian: You know, sports and business are so intertwined. I live in Toronto and one of our offices is in Calgary. Yesterday at around noonish in Toronto, the Toronto Maple Leafs hockey team announced that it was trading a bunch of players to Calgary and Calgary was trading a bunch of players to Toronto, with the idea that it would shake up the team. What happens is, by trading off players and bringing in new players, it sometimes brings new blood into the team, so that the teams have a different approach, a winning approach to playing the game and winning also brings about one important thing, is that the clubs make money. So ideally if sports is business and clubs are there to make money, they?re there wanting to shake up staff to allow themselves to win and make money.
While it?s funny that we don?t realize the kind of approach we have towards our investment advisors. Because they are stockbrokers, we?ve gone through the whole gamut where we?ve lost a bunch of money and now the mutual funds where a lot of people are invested in have started creeping back but not quite to the levels that we lost those big numbers at. So everybody sings the same tune, everybody tells the same thing. What is it about that one special adviser that you need to listen to or go to and every time you sit down with your investment adviser, they tell you the same story that six hundred other advisors tell you about. And the thing is you are always looking for a winner because the investment adviser is giving you advice today isn?t making you money. He is not the guy risking his own money and so if he gives you bad advice, a wrong advice or market advice or some advice that his economists or his staff has told him to give you, then, then maybe it?s time you should be looking at a new investment adviser, someone that will be able to give you different kinds of products. You know if you are only used to stocks and bonds and mutual funds, and there?s an opportunity for you to diversify. You?re a stockbroker there sitting there isn?t telling you to go buy this other product cause he is not making commission doing so.
Anybody can be an investment adviser today. Everybody says that "I am an expert at this", "I?m an expert at that", when in reality they are an expert at making money for themselves. What about making money for you as a client? If you?re really bogged down with the same story that you hear, you read every paper and you hear the same story and you?re tired of it, it?s time to look for somebody new.
Economists. I had a breakfast with the economists that works for a big investment adviser, a wealthy investment company in Toronto one day, and they were telling me that a, a story and I turned around and I said, ?Listen, I appreciate what you?re saying, how you?ve framed the economy, where it?s going and stuff. What products are you selling today?? So he was telling me what kinds of products he was selling and his conversation of what he told me was framed completely to sell his product. So a lot of times when you hear an investment adviser who is giving you advice, it?s because they have hired guns on staff to give you advice to buy their product.
Here it is, here is the rent roll. We say here?s what you look at, here?s the cash flow you can expect to get and you know, you can expect to get it. We, we tell you the good, the bad and the ugly. If everything goes well, this would be the your returns, if it doesn?t go well, we can tell you. We?ll tell you too. We don?t like to tell you bad news, if a tenant leaves or whatever, but that?s the reality of the day. We?ll replace, we?ll replace the tenant. Sometimes it takes longer, sometimes it doesn?t take as long but you know I think, you need to have somebody telling you the good, the bad, the ugly. We?ve got nothing to hide. So if your investment adviser telling you that everything is great, everything is better, buy gold, buy silver or buy everything else, find out what products they are selling. And if they are selling the products they are harping about, that?s the time you change investment advisers.
Meanwhile, go to our website and you?ll be able to see the products we are selling and you make up your own mind. If you think we are selling good products, come buy from us. If you think we are selling junk, don?t even bother calling us cause, you know what, we don?t want to be there, if, if you think we are selling junk. We just want to be able to sit down and have a heart to heart talk to you. We?ll explain to you our position and if it sounds like we are making sense, come talk to us. If it doesn?t then you know what, no worries at all. We understand and we?ll both carry on.
Call Howard at 4036304544 or email him at howardmanley@shaw.ca, or write me if you have any thoughts you would like to share.
Thank you for reading.
Richard Crenian
www.redevgroup.com
richardc@redevgroup.ca
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