Different Makes a Difference

The Odlum Brown Research Blog

  • Dealing With Volatility: Treat Your Stocks Like You Treat Your Home

    By Murray Leith CFA, Executive Vice President & Director, Investment Research
    Friday, May 13, 2022
    Stocks are struggling this year. The major equity benchmarks are down meaningfully, and many individual stocks are down considerably more. While it’s quite possible that equity markets will correct further in the near term, we are increasingly optimistic regarding the medium- and long-term prospects for the stocks we own and recommend.
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  • Repost: Worrying Too Much About Capital Gains Can Be Taxing

    By Fai Lee CGA, CFA, Equity Analyst
    Tuesday, May 03, 2022
    Taxes are inevitable, and long-term investors often face the reality of paying capital gains taxes when they sell stocks in their non-registered investment accounts. When this occurs, investors are left with less money to reinvest and compound over time. To offset this impact, investors want the return from whatever new stock they buy to be higher than the stock they sell. Interestingly, the theoretical break-even return required from a new stock to justify a switch may not be as high as some think. This can be illustrated through an example.
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  • Our 28th Annual Address

    By Murray Leith CFA, Executive Vice President & Director, Investment Research
    Thursday, March 03, 2022
    Thank you to everyone who joined us online yesterday for our 28th Annual Address. View the blog or our website for a link to a recording of the full presentation.
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  • Stocks Surprisingly Rally on Russian Invasion of Ukraine

    By Murray Leith CFA, Executive Vice President & Director, Investment Research
    Thursday, February 24, 2022
    We watched the news of Russia’s full-scale invasion of Ukraine last night in horror. Not surprisingly, overseas stocks were immediately hit hard and North American equities underwent a major drubbing in the morning. Stocks in North America then staged one of the biggest intra-day rallies on record.
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  • The Threat of Higher Interest Rates Will Wane

    By Murray Leith CFA, Executive Vice President & Director, Investment Research
    Tuesday, January 25, 2022
    A lot has been said about pandemic-induced supply issues being the reason for inflation, but there is also a huge demand influence as well. Demand for durable goods ran well above trends during the pandemic, driven by government support and people being unable to spend on services like travel and entertainment. That helped fuel inflation. With government support abating, and the service-side of economies opening up, demand for durable goods is waning.
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  • The Evergrande Fiasco: Short-Term Pain for Long-Term Gain?

    By Murray Leith CFA, Executive Vice President & Director, Investment Research
    Friday, November 12, 2021
    In September, shock waves reverberated through global financial markets on news that Evergrande Group, China’s second-largest real estate developer, was on the verge of defaulting on its U.S.-dollar bonds. For a brief moment, stock prices all over the world dropped as nervous investors wondered whether Evergrande’s collapse would be China’s Lehman Brothers moment, and the trigger of a major global financial disaster.
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