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The Stingy News Weekly: 05/14/2023
Stingy Links
Find the bottleneck first
"To understand monkeys and pedestals, imagine that you're trying
to teach a monkey to juggle flaming torches while it stands on a
pedestal in the town square. Two tasks are competing for your
money, time, and attention: training the monkey and building the
pedestal. One is a possibly intractable obstacle. And the other
is building the pedestal." [Management]
Save more to retire earlier
"The good news is that we can quantify how much earlier you could
retire if you increased your savings rate by 1%. The bad news
is that this answer also depends your current savings rate." [Thrift]
Diversification
"It's worth noting that any strategy that attempts to beat the
market will, by definition, need to have a tracking error greater
than 0. One way this could potentially be achieved is with a
very concentrated (10- to 20-stock) portfolio, as employed by many
actively managed hedge funds. Another way could potentially be
through a quantitative approach that seeks to capture factor
premia while diversifying away unsystematic risk through larger
portfolios." [Markets]
U.S. investors underestimate risk
"The tendency to invest in domestic stocks may appear safer to
Americans than the risk experienced by global stock investors.
While it is important to use expected returns as the primary input
in a financial plan, advisors should be aware that the
possibility of extreme losses that could derail a plan isn't limited to
the worst-case scenarios experienced only by U.S. investors." [World]
Physical finance
"I have to say I remain a bit skeptical" [Behaviour]
S&P/TSX60 Value Screens
| High Dividend Yield Stocks | P/E | P/B | Yield | | Enbridge (ENB) | D | C | A |
| TC Energy (TRP) | E | C | A |
| Bank of Nova Scotia (BNS) | A | A | A |
| BCE (BCE) | C | D | A |
| CIBC (CM) | B | A | A |
| Pembina Pipeline (PPL) | A | C | A |
| Power (POW) | B | A | A |
| Manulife Financial (MFC) | A | A | A |
| Suncor Energy (SU) | A | B | A |
| Algonquin Power (AQN) | F | A | A |
| Notes | More Info... |
| Low Price/Earnings Stocks | P/E | P/B | Yield | | Tourmaline Oil (TOU) | A | B | D |
| Nutrien (NTR) | A | A | B |
| Imperial Oil (IMO) | A | B | C |
| Suncor Energy (SU) | A | B | A |
| Cenovus Energy (CVE) | A | B | D |
| Manulife Financial (MFC) | A | A | A |
| Bank of Montreal (BMO) | A | A | A |
| Canadian Natural (CNQ) | A | C | B |
| Pembina Pipeline (PPL) | A | C | A |
| Bank of Nova Scotia (BNS) | A | A | A |
| Notes | More Info... |
| Low Price/Book Value Stocks | P/E | P/B | Yield | | Canadian Apt REIT (CAR.UN) | E | A | C |
| Manulife Financial (MFC) | A | A | A |
| Power (POW) | B | A | A |
| Kinross Gold (K) | F | A | C |
| CIBC (CM) | B | A | A |
| Algonquin Power (AQN) | F | A | A |
| Nutrien (NTR) | A | A | B |
| Teck Resources (TECK.B) | B | A | E |
| Bank of Nova Scotia (BNS) | A | A | A |
| Brookfield (BN) | D | A | D |
| Notes | More Info... |
| Canadian Stock Summary | P/E | P/B | Yield | | Bank of Nova Scotia (BNS) | Y | Y | Y |
| Manulife Financial (MFC) | Y | Y | Y |
| Algonquin Power (AQN) | | Y | Y |
| CIBC (CM) | | Y | Y |
| Nutrien (NTR) | Y | Y | |
| Pembina Pipeline (PPL) | Y | | Y |
| Power (POW) | | Y | Y |
| Suncor Energy (SU) | Y | | Y |
| BCE (BCE) | | | Y |
| Bank of Montreal (BMO) | Y | | |
| Brookfield (BN) | | Y | |
| Canadian Apt REIT (CAR.UN) | | Y | |
| Canadian Natural (CNQ) | Y | | |
| Cenovus Energy (CVE) | Y | | |
| Enbridge (ENB) | | | Y |
| Imperial Oil (IMO) | Y | | |
| Kinross Gold (K) | | Y | |
| TC Energy (TRP) | | | Y |
| Teck Resources (TECK.B) | | Y | |
| Tourmaline Oil (TOU) | Y | | |
| Notes... |
DOW 30 Value Screens
| High Dividend Yield Stocks | P/E | P/B | Yield | | Verizon (VZ) | A | A | A |
| Walgreens (WBA) | F | A | A |
| 3M (MMM) | A | C | A |
| IBM (IBM) | E | C | A |
| Dow (DOW) | B | B | A |
| Chevron (CVX) | A | B | B |
| Amgen (AMGN) | B | E | B |
| Cisco Systems (CSCO) | C | C | B |
| Goldman (GS) | A | A | B |
| JPMorgan Chase (JPM) | A | A | B |
| Notes | More Info... |
| Low Price/Earnings Stocks | P/E | P/B | Yield | | Verizon (VZ) | A | A | A |
| Chevron (CVX) | A | B | B |
| JPMorgan Chase (JPM) | A | A | B |
| 3M (MMM) | A | C | A |
| Goldman (GS) | A | A | B |
| Dow (DOW) | B | B | A |
| Caterpillar (CAT) | B | D | D |
| American Express (AXP) | B | C | D |
| Travelers (TRV) | B | B | D |
| Amgen (AMGN) | B | E | B |
| Notes | More Info... |
| Low Price/Book Value Stocks | P/E | P/B | Yield | | Goldman (GS) | A | A | B |
| Intel (INTC) | F | A | D |
| Walgreens (WBA) | F | A | A |
| JPMorgan Chase (JPM) | A | A | B |
| Verizon (VZ) | A | A | A |
| Walt Disney (DIS) | E | B | F |
| Travelers (TRV) | B | B | D |
| Dow (DOW) | B | B | A |
| Chevron (CVX) | A | B | B |
| salesforce.com (CRM) | E | B | F |
| Notes | More Info... |
| US Stock Summary | P/E | P/B | Yield | | Chevron (CVX) | Y | Y | Y |
| Dow (DOW) | Y | Y | Y |
| Goldman (GS) | Y | Y | Y |
| JPMorgan Chase (JPM) | Y | Y | Y |
| Verizon (VZ) | Y | Y | Y |
| 3M (MMM) | Y | | Y |
| Amgen (AMGN) | Y | | Y |
| Travelers (TRV) | Y | Y | |
| Walgreens (WBA) | | Y | Y |
| American Express (AXP) | Y | | |
| Caterpillar (CAT) | Y | | |
| Cisco Systems (CSCO) | | | Y |
| IBM (IBM) | | | Y |
| Intel (INTC) | | Y | |
| Walt Disney (DIS) | | Y | |
| salesforce.com (CRM) | | Y | |
| Notes... |
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| Disclaimers: Consult with a
qualified investment adviser before trading. Past performance is a
poor indicator of future performance. The information on this site,
and in its related newsletters, is not intended to be, nor does it
constitute, financial advice or recommendations. The information on
this site is in no way guaranteed for completeness, accuracy or in any
other way. More...
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