Alternative Quarterly Commentary – Q2 2023
Alternative Trust Update: The goals of the Alternative Trust are to generate attractive risk-adjusted returns and help alleviate investor reliance on public market investments. During the second quarter of 2023 trust was higher by approximately 1.9% in an environment defined as coping
The Q2 Commentary 2023
Tiff: Central Bank of Canada Governor Tiff Macklem was once the head of the University of Toronto’s business school: maybe he should consider a return to academia. Whether or not the bank’s current policy course stands to benefit Canadian consumers and businesses is today more of a wild guess. Governor Macklem and company raised rates because they felt inflation continues to be high and that the Canadian economy is more “resistant” to rate hikes (note quotes). Even if you accept the pretense that the economy needs further monetary curtailment, the bank might not be considering an important variable here.
The Monthly – June 2023
“If it takes 200 years to achieve artificial intelligence, and then finally there is a textbook that explains how it’s done, the hardest part of that textbook to write will be the part that explains why people didn’t think of it 200 years ago…”Over the past twenty years I have developed a reputation for making prudent investment decisions for clients at inopportune times.
The Monthly – May 2023
Sell in May and you will pay…Over the past twenty years I have developed a reputation for making prudent investment decisions for clients at inopportune times. While certainly not something to broadcast in my line of work, I suppose it is far better than making horrendous investment decisions at any time. As most of you are not professional investors, questions as to an investment’s underlying quality are usually deferred to us and we appreciate your trust. But as to the question of whether to invest in the first place or not, well, that one is more nuanced because it introduces an element of timing. In this seemingly crazier and crazier world, it never seems like a good time to invest.
Alternative Quarterly Commentary – Q1 2023
Alternative Trust Update: The goals of the Alternative Trust are to generate attractive risk-adjusted returns and help alleviate investor reliance on public market investments.
The Q1 Commentary 2023
MacNicol’s Quarterly Commentary - April 2023 With this commentary, we plan to communicate with you every [...]
The Monthly – March 2023
Today’s central investing problems are something we have spoken about for years. And, we have prepared for this inevitability for just as long. Inflation and the higher and higher interest rates need to tame it are no longer just academic theory, they are modern investing reality.
The Monthly – February 2023
With this commentary, we plan to communicate with you every month about our thoughts on the markets, some snapshots of metrics, a section on behavioural investing and finally an update on MacNicol & Associates Asset Management (MAAM). We hope you enjoy this information, and it allows you to better understand what we see going on in the marketplace.
Alternative Quarterly Commentary – Q4 2022
MacNicol’s The Alternative Asset Trust Quarterly Commentary- January 2023 (Click here) The MacNicol Alternative Asset [...]
