If I could save time in a bottle… But there never seems to be enough time, to do the things you want to do..” – Jim Croce
Sometimes you must put things into perspective. The reflection section discussed someone who was gifted $1440 each day but they could not carry the extra cash to the next day. Then we revealed we all get the same gift the gift of time. There are 1440 minutes in each day, and you can choose how to spend them, there are no refunds or exchanges. Therefore, you should try to spend your time wisely. Having a portfolio manager focus on your portfolio should take some pressure off the investor and allow you to have more time, and money, for yourself. As one manager said, “I get paid to worry”, so you do not have to.
Given recent volatility we have not changed our approach to portfolio management. We continue to focus on portfolios that provide income from dividends with the expectation that the dividends can grow. The other focus is looking for stocks that have the prospect for long-term capital appreciation. Even after a significant increase we still see value in Canadian banks. Depending on a client’s objective they might hold some gold stocks that have lagged in other years but have had strong performance in 2025. By building diversified portfolios we can offset weakness in some stocks with solid growth in others. We build portfolios, NOT a collection of stocks.
