Home (not so) Sweet Home In 1989 Peter Lynch, the manager of the fabulously successful Magellan mutual fund wrote a book called “One Up on Wall Street”. The book has never gone out of print and is most famous for one piece of advice: “Buy what you know.” Rather than relying only on traditional financial statement-based analysis, Lynch would go out into the world and observe how people acted, what they bought, and how manufacturers and retailers met their needs. If a particular brand seemed to be doing very well, take a look at the stock. If a car dealer’s show room was full of stale inventory ..read more

A big show this week. Benjamin Klein, CFP, joins Barry to discuss the new budget in Canada. Barry and Benjamin explain the relevant capital gains taxation changes, what it means for your portfolio and your estate and what actions (if any) one should take before the June 25th deadline. Read David & Ben’s article Fun with Numbers – Should you realize capital gains and pay taxes  0:00: Introduction 3:25: Benjamin walks us through the new budget in Canada with respect to the upcoming capital gains changes. 5:43: Taking $250,000 of capital gains in one year is rare. 7:21: What to know ab ..read more

Ernest joins Andy on BNN’s The Close to discuss how Imperial Oil reported mixed results in Q1, but has more upside versus other major companies. The post Ernest Wong on BNN Bloomberg’s The Close: The Trans Mountain Pipeline is a boost for Imperial Oil appeared first on Baskin Wealth Management ..read more

Barry is on StockPick News providing some insight on the US economy, the direction of the overall market and outlining his views on Live Nation, Berkshire Hathaway and Adobe. The post Barry Schwartz interviewed by StockPick New appeared first on Baskin Wealth Management ..read more

In our opinion, successful long-term investments are found in companies that focus exclusively on culture. Waste Connections fits this bill. Under the tutelage of its founder, Ronald Mittelstaedt, Waste Connections has collected a compounder status by turning trash into cash with its unique Servant Leadership model. Barry and Ernest discuss Baskin’s history of owning Waste Connections as well potential rewards and risks they see going forward. 0:00: Introduction 1:37: discussion about capital gains changes in Canada and how it could affect your portfolio. 3:52: should you own a dividend paye ..read more

Before 1972 there was no tax on capital gains in Canada. In that year, as part of a major overhaul of the tax scheme, capital gains taxes were imposed. The inclusion rate for capital gains (the percentage subject to tax) has varied over the years from the present level of 50% to as high as 100%, with stops (both in the year 2000) at 75% and 66% along the way. Now we are going back to 66% inclusion, which means that the effective tax rate for those in the top backet will go from around 27% to around 36% on realized gains. To make matters more complicated, for individuals the first $250,000 of g ..read more

We really like Adobe and Live Nation, says Barry Schwartz, chief investment officer and portfolio manager at Baskin Wealth Management. The post Barry Schwartz on BNN Bloomberg: Live Nation’s potential anti-trust lawsuit is all noise appeared first on Baskin Wealth Management ..read more

Great discussion this week about Canadian Compounders that trade at a discount to their U.S. peers. Barry and Ernest give four examples of companies owned by Baskin Wealth Management clients that are valued at a discount and the reasons why. Barry and Ernest discuss why Canadian stocks are currently out of favour and then finish off the episode with comments on Costco and Amazon. Check out Ernest’s debut on BNN Bloomberg  0:00: Introduction 0:56: Ernest’s discusses his debut on BNN Bloomberg 4:15: Why are there so few “super-investors”? 6:23: Canadian compounders trading at a discount t ..read more

Ernest Wong shares with BNN Bloomberg which stocks he prefers as the Bank of Canada hits pause on interest rates. The post Ernest Wong on BNN Bloomberg’s The Street: We remain underweight on Canadian stocks appeared first on Baskin Wealth Management ..read more

Barry Schwartz discusses his top picks, past picks and his outlook for the markets. The post Barry Schwartz on BNN’s Market Call – April 9, 2024 appeared first on Baskin Wealth Management ..read more