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Barry Schwartz, chief investment officer, Baskin Wealth Management FOCUS: North American Large Caps Market outlook: Since the dawn of time, each and every dip in the market has presented itself as a buying opportunity, as long as you are buying a basket of quality equities. So go ahead and be miserable during a bear market or correction, but don’t panic. Here’s what we do during a period of extreme market volatility: 1. We don’t sell stocks just because the price has gone down. We purchase stocks based on fundamental business analysis. Over the short-run anything can happen, but in the long run, value will always surface. 2. We maintain a diversified portfolio of at least 30 companies across a number of different industries. 3. Buy and hold. Our best investments are ones that we have held but constantly monitored over the long run. 4. We own companies that produce products and services that people use every day. Our companies have conservative balance sheets, generate ample free cash flow and intelligently use that cash flow to compound their shareholders’ capital. 5. We keep a list of companies on-deck that we would love to own at better valuations. So if the market presents an opportunity, we pounce and don’t hesitate to trade up. Top Picks
Berkshire Hathaway (BRKa.N) Brookfield Asset Management (BAMa.TO) High Liner Foods (HLF.TO) Click here for more information on Barry Schwartz's top and past picks Follow us on Twitter: @marketcall |