Posts From Connected Wealth

Connected Wealth

Richardson GMP Asset Management (RAM) is focused on providing investors high-quality, objective and transparent advice. Our longer-term investment strategies are centered around our top-down Market Cycle Framework and provide clients customized and tactical asset allocation services, investment manager selection, ETF strategies and direct portfolio management. We are a division of Richardson GMP, Canada’s largest independent wealth management firm, and currently directly manage in excess of $300 million in assets across a number of North American equity, bond and ETF strategies. We focus on long-term wealth building strategies to help reduce volatility and risk. We do not believe in swinging for the fences; instead, we believe that managing risk and being opportunistic given market conditions are key tenets of our advice.


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Stars Remain Aligned For Global Bull Market Into 2018

Market returns in 2017 were rather stellar. The S&P 500 was up 21.8%, while the Canadian TSX finished up 9.1%. Global markets were also strong from Europe to Asia to Emerging markets – characteristics of a global bull market. We remain in this sweet spot for the market with improving…

Investors: The Dangers Of Performance Chasing

The most prevalent disclaimer in the investments world goes something like this – “past performance may not be repeated”. If you don’t believe us, just read the disclaimers from investment firms, including ours. Despite the prevalence of this disclaimer, investors often place the lion’s share of their decision making process…

Behavioral Bias: How Investors Can Profit From It

All investors make errors that can often be traced back to a behavioral bias or emotional mistake. If under certain circumstances these mistakes are systematic, then it is not a stretch to believe we can develop systematic strategies to profit from them. After all, this is the essence of active…

Generating Alpha: The Holy Grail Of Investing

The holy grail of investing is generating alpha, adding performance relative to an appropriate benchmark. Portfolio managers around the world throw unimaginable resources at this quest that often proves elusive. It is all about getting an edge. Some use deep fundamental analysis, digging into the financials to uncover mispriced companies…

Bull Market Cycle Update: Let The Good Times Roll?

The amount of resources thrown at trying to develop rules or models to predict turns or direction is truly immense. The problem, though, is that the financial markets are more of a social science given the number and behaviour of participants. You simply can’t solve for ‘x’. And even if…

Understanding the Ups and Downs of Investor Behavior

“The investor’s chief problem – and even his worst enemy – is likely to be himself” – Ben Graham Investing is not easy. If you are an active investor, directly involved in the investment process, it requires an immense amount of work. Picking investments, developing a buying process and a…

2017 Sales Growth Set To Drive CAPEX Spending Higher

The economy is made up of many moving parts including consumer spending, government spending, net exports and investments. For the U.S., and Canada for that matter, consumer spending is the biggest piece of the equation. General rule of thumb is consumer spending makes up about 70% of the U.S. economy. Meanwhile…

Passive vs Active Investing Debate: When and Why?

In 1950, 90% of U.S. stocks were owned directly by households, with the rest owned by international investors and funds. During the 1970s and 80s, pension and government retirement assets ballooned, reducing households to about 55%. In the 1990s, it was the rise of mutual funds, which drove household direct…

Bull Market Cycle Update: 3rd Longest Expansion On Record

The current market cycle started back in early 2009 and has been chugging along for over 8 years. While it has not been smooth sailing as both Europe and Japan briefly dipped back into recessions earlier in the recovery, the recovery has nonetheless plodded along, healing the wounds from the…