Review of First Quarter Opportunistic Investments
As the chart below shows the CDN$ has been moving within a range for February and March after falling significantly in January. A move higher than 81 cents could trigger a move to 84 cents while a move below 78 cents could allow for a move to 75 cents. Meanwhile we are trading between 78 and 81 depending on daily economic news.
For those with more appetite for RISK (VOLATILITY) the SILVER chart is showing some positive signs (green circles). In this case you could own the BULLION or invest in a silver stock like SILVER WHEATON (below silver chart).
Government bond yields are still near historical lows. I strongly urge you to MINIMIZE the amount allocated to INVESTMENT GRADE bonds particularly those with a maturity longer than 5 years. A 1% INCREASE IN RATES WILL CAUSE CLOSE TO A 10% DROP IN CAPITAL FOR A 10 YEAR BOND!
Please call or e-mail to arrange a meeting to discuss your financial plan or your investment portfolio.
The views expressed do not necessarily reflect the opinion of Argosy Securities Inc. This does not constitute an offer or solicitation to buy or sell any of the securities mentioned. The information contained herein may not apply to all types of investors. Please consult a professional before making an investment decision.