Stocks do pay more than bonds, for those of us prepared to manage the pain and suffering stocks can wreak en route to that payoff.

What good are bonds?

Bonds and Risk: The price for the greater security bonds provide is that they do pay less on an historical basis compared to stocks

Bonds have long been scorned by investors lured by the seemingly higher returns of stocks. To be honest, on a historical basis, comparing returns over decades, stocks do pay more than bonds — but those stocks pull off this feat with much more pain and suffering. With the higher reward goes the higher risk. For […] Read more

As I’ve already experienced with telcos, declining profitability often leads to declining service levels.

Can Canada’s banks and telcos maintain as reliable performers?

Investing for Fun and Profit: Also includes an update on the latest status of the Titanium Strength Portfolio

This is my 100th column over the past six years for Grainews. I hope you’ve enjoyed the wit and wisdom, albeit limited, and that my musings helped your off-farm investing success. This is also the first column written following the May 15 anniversary of the Titanium Strength Portfolio (TSP). At its outset, the purpose was […] Read more


guy looking skyward holding sign proclaiming end times

Markets are dispassionate to our human disasters

Investing for Fun and Profit: While headlines may exalt a unique situation, to markets it's 'same as it ever was'

The first public stock exchange opened in Amsterdam in 1611, trading one company, the Dutch East India Company. Twenty-five years later, coincident with tulip mania, the company had a market cap of 78 million Dutch guilders, which translates to $9.7 trillion current U.S. dollars, putting Microsoft’s and Apple’s near-$3 trillion valuations into perspective. The London […] Read more

The stronger the consensus, the more wrong it usually becomes.

‘Everybody’ is usually wrong — and why it must be so

Overwhelming strength of sentiment, when few buyers or sellers remain, can bend a trend

Everybody is familiar with the colloquial term “Everybody is doing X.” By “X” we don’t mean “formerly Twitter” — everybody has been writing “X (formerly Twitter)” so I thought I would do the opposite. In this case you’re welcome to fill in whatever you wish for X. Salespeople often use the phrase to help sell […] Read more


exterior photo of the toronto stock exchange

The value of target prices

How accurate are analysts’ projections on stocks’ price movements?

One aspect of my character that has served me well over the years is a healthy sense of skepticism of what I hear or read. This “skill,” for lack of a better word, is becoming increasingly important in the information age, more accurately described as the misinformation age. I read a lot to know what […] Read more

Photo: Getty Images

USDA June soybean crush seen at 175.5 million bushels

If estimate realized, would be smallest monthly crush since September

Chicago | Reuters – U.S. soy processors likely crushed 5.265 million short tons of soybeans, or 175.5 million bushels, in June, according to the average forecast of eight analysts surveyed by Reuters ahead of a monthly U.S. Department of Agriculture (USDA) report. If the estimate is realized, it would be down from the 189.3 million […] Read more


As much as 50 per cent of India’s dal crop was damaged this year due to waterlogging.  Photo: iStock/Getty Images

Pulse weekly outlook: Saskatchewan pulses dealing with dryness

Too early to know what effect grasshoppers, smoke will have

MarketsFarm –  Seeding went well across the province thanks to hot and dry temperatures following a cool spring, said Saskatchewan Pulse Growers (SaskPulse) executive director Carl Potts. However, the dry conditions are still cause for concern.  “A later-than-normal start, but we wrapped up seeding within that normal window that growers typically do,” Potts said. “(It […] Read more

A key reason I do my writing is to help improve financial literacy, which isn’t strong amongst Canadians. Farmers as business owners would have greater literacy than most, but there is always room for improvement. If Canadian financial literacy was stronger, I think we would elect politicians with stronger financial literacy for everyone’s benefit.

Why would a farmer be interested in stocks?

The goal is to make money and grow your asset base

Over the past five years, I hope to have convinced some to gather a nest egg in stocks, whether in a TFSA, RRSP or a taxable account. I am curious if you have started because of what I have written and how many are following the Titanium-Strength Portfolio (TSP). Please send a short email to […] Read more


Chickpeas. (CalypsoArt/iStock/Getty Images)

Pulse weekly outlook: Canadian exports solid

Bangladesh, Pakistan now buying Canadian peas

MarketsFarm — Canadian pulse exports are running well ahead of their year-ago level, with some demand rationing likely over the next few months as supplies tighten ahead of the new-crop harvest. Canada has exported 1.56 million tonnes of lentils during the crop year to date, with Turkey the top destination at 421,000 tonnes followed by […] Read more

(Dave Bedard photo)

Latest StatCan stocks report ‘least important of them all’

Wheat, canola numbers not expected to have significant impact on markets

MarketsFarm — For MarketsFarm Pro analyst Mike Jubinville, there was little in the latest Statistics Canada (StatCan) grain stocks report that would budge the markets. “When I look at the run of StatCan reports that we get through the year, whether they’re acreage, production or ending stocks, this report in May is the least important […] Read more