Who Pays For This? · Collaborative Fund

http://www.collaborativefund.com/blog/who-pays-for-this/

MeiWang@novuscom.net 

mail.novuscom.net & 

smtp.novuscom.net

Making Sense of a Stock Market That Doesn't Make Any Sense - A Wealth of Common Sense

https://awealthofcommonsense.com/2020/04/making-sense-of-a-stock-market-that-doesnt-make-any-sense/

MeiWang@novuscom.net 

mail.novuscom.net & 

smtp.novuscom.net

Fw: Time capsule reading

Fwd: Shaw / SFU / Email Alias, 

Jason_Wang_Burnaby@yahoo.com

Sent from Yahoo Mail for iPhone

Begin forwarded message:

On Thursday, April 30, 2020, 05:03, Steadyhand Blog <info@steadyhand.com> wrote:

View this email in your browser Time capsule reading by Scott Ronalds My niece Facetimed us the other day to show off her 2020 Covid-19 Time Capsule. It was an elementary school project that showcased her coronavirus experience to date. The capsule included writing exercises, drawings, and lists to illustrate how she's feeling, what activities are keeping her busy, and the things she's doing to help stay connected. It also listed what she's most excited to do when the isolation is over. The first page included a bold reminder from the teacher on why this wasn't just any old make-work project: "YOU ARE LIVING THROUGH HISTORY RIGHT NOW". Indeed. Spring 2020 will be one for the books. With much of the globe on lockdown, there's no shortage of articles, blogs, op-eds, tweets, and Instagram posts to keep us informed, curious, engaged and enraged in this time capsule making period. If I were tasked with rounding up 10 articles that provide some colour for future generations on what the world was like in April 2020, with an eye on business and culture, here would be a few suggestions. Making sense of a stock market that doesn't make any sense. Stocks saw a precipitous drop in March yet rallied handsomely in April, even as the virus was wreaking havoc on the economy. Ritholtz Wealth Management's Ben Carlson provides some context on why the stock market can be "one of the most confusing places on earth." Who pays for this? The U.S. Federal government will run a $3.8 trillion deficit this year, much of which is in the form of stimulus to help fight the impacts of the coronavirus. The final number will likely be much larger. Collaborative Fund's Morgan Housel opines on how it will be paid off. Bill Gates on how to fight future pandemics. Bill Gates gave a Ted Talk five years ago about global pandemics and how the world wasn't prepared to take one on. In this piece in The Economist, he weighs in on three medical breakthroughs that are in the works, and what life may look like over the next year. Kneading to relax? How coronavirus prompted a surge in stress baking. With much of the world confined to their homes, bread making has emerged as the baking project of choice. Everyone and their dog is working on a sourdough starter, and the trend has led to yeast and flour shortages in many countries. Katharine Gammon elaborates in The Guardian. Coronavirus could trigger a second coming of the retail apocalypse. The retail industry — department stores and apparel companies in particular — is being hit especially hard. This Business Insider piece provides some colour on the nightmare that retail CEOs are living. Too much oil: How a barrel came to be worth less than nothing. This New York Times article explains a bizarre situation that happened in the oil markets recently — negative prices. Analyzing the legal hurdles of bringing back sports. Professional sports teams are losing millions of dollars, and the economic trickle-down effects of the stoppage in play are enormous. Sports Illustrated looks at the myriad of issues impacting the world of sport and the logistics of a return to the field/arena. What if colleges don't reopen until 2021? Universities shut down en masse this spring, moving classes online and cancelling all social and sporting events. With many schools facing both a public health and financial crisis, the college experience is sure to look much different next year. Adam Harris explains in The Atlantic. A coronavirus fix that passes the smell test? Michael Lewis (of Moneyball, Liar's Poker, and The Big Short fame) walks through a former Wall Street risk officer's novel idea to help 'sniff out' the virus and slow its spread in this Bloomberg article. For whiskey collectors, it's unicorn season. For collectors and imbibers, the secondary whiskey market is hot, as restaurants and bars turn to selling rare and coveted bottles to stay afloat. Punch's Aaron Goldfarb tells the story of around-the-block lineups and $40,000 bottles. What would go in your capsule? Read in browser » Recent Articles: The economics of borrowing to invest make sense right now, but it's not for everyone Patience takes on a new meaning Things to do after Tiger King How the coronavirus crash is setting the stage for the next oil boom Bradley's Brief — Q1 2020 Copyright © 2020 Steadyhand Investment Management Ltd., All rights reserved. You are receiving this email because you opted in at steadyhand.com. Our mailing address is: Steadyhand Investment Management Ltd. 1747 W 3rd Ave, Vancouver, BC, Canada Vancouver, BC V6J 1K7 Canada Add us to your address book unsubscribe from this list    update subscription preferences

ToffeeShare

本文要介紹的「ToffeeShare」是一個可以更安全、直接傳送檔案給其他人的線上工具，使用 P2P 技術透過瀏覽器就能使用，無需額外安裝軟體，除了桌面端也支援行動裝置，ToffeeShare 會在使用者選擇要傳送的檔案後產生一個加密網址，只要對方開啟網址，雙方就能以瀏覽器直接傳輸檔案。

類似 ToffeeShare 的線上傳檔工具很多，運用的技術應該大同小異，這個工具會在傳檔和接收端進行加密，傳輸速度主要還是取決於雙方的網路速度，檔案不會傳送到第三方伺服器，因此也不會有檔案大小限制，只要將分頁開著，檔案就能持續傳輸和接收。更重要的是檔案不會被雙方以外的人取得，在安全性及隱私方面也更為可靠。

ToffeeShare
https://toffeeshare.com/

MeiWang@novuscom.net 

mail.novuscom.net & 

smtp.novuscom.net

Fw: Things to do after Tiger King

Fwd: Shaw / SFU / Email Alias, 

Jason_Wang_Burnaby@yahoo.com

Sent from Yahoo Mail for iPhone

Begin forwarded message:

On Tuesday, April 21, 2020, 05:00, Steadyhand Blog <info@steadyhand.com> wrote:

View this email in your browser Things to do after Tiger King by Salman Ahmed While watching Netflix's Tiger King the other day my wife exclaimed, "there has to be something better to do than watch this stupidity". Turns out she was wrong. The over-the-top cast of characters was too much to turn off, but her thought did prompt Steadyhand's own cast to suggest investment-related things people might want to do with their newfound time. Some of these tasks are for everyone to consider, while others are specific to accumulators or decumulators. Everyone: Is your will current? Many lawyers are using video conference. Signing the will while maintaining social distance is still possible. Ensure beneficiaries on accounts are up-to-date. We list your beneficiaries in your quarterly statement. High-interest debt. It's hard for any investment strategy to compete with interest-heavy debt. You should consider paying down the debt or consolidating it if you find a lower rate. Expected major life changes. Retirement, marriage and a home purchase have an impact on your investment plan. Let your advisor know if anything is coming up. Tax-loss selling in your taxable investment account. If the market value in your investment account is below the book value, talk with your advisor on ways you can harvest the loss. Review insurance. Your insurance needs may have changed since when you first purchased your policy. There might also be better products for your needs. Know your contribution room. Having this information handy for your TFSA or RRSP is useful. You can look this up through your CRA portal. Reduce complexity where possible. We're big believers that simpler is often better. For example, many investors work with four or more investment providers. Consider narrowing that down. Accumulators: Max employer contribution in your Group RRSP. If your employer contributes to your RRSP, check to make sure you're taking full advantage of this perk. RESP government grants. There are federal and provincial schemes that match a portion of your RESP contributions. You might have to apply for them. You can also catch up if you've missed out on previous matches. Set up a plan to invest 'idle' money. We've encouraged investors sitting on cash to have a plan to get into the markets. We can help. Decumulators: Explore whether distributions should be reinvested or taken in cash. You must pay taxes on any distributions you receive in a taxable investment account. In retirement it may make sense to take the payments in cash rather than have the proceeds reinvested. Talk to your advisor about what suits your needs. Keep advisors informed of your retirement income needs. Income needs can change and for many it takes a few years to know what your needs actually are in retirement. Does your mix of stocks and bonds reflect your life-stage? Rarely does retirement mean a sudden change in your portfolio. But there are subtle changes you can consider. This list is not meant to be exhaustive, nor is it in order of priority. But with all of us spending more time at home, this list may help you get caught up on those tasks you need to do as the CEO of your portfolio. Once you're done reading Carole Baskin conspiracy theories that is. Read in browser » Recent Articles: How the coronavirus crash is setting the stage for the next oil boom Bradley's Brief — Q1 2020 March 2020 in Numbers Coronavirus market crash was the fastest on record: Here's how to keep that in perspective Steadyhand tax documents — All you need to know Copyright © 2020 Steadyhand Investment Management Ltd., All rights reserved. You are receiving this email because you opted in at steadyhand.com. Our mailing address is: Steadyhand Investment Management Ltd. 1747 W 3rd Ave, Vancouver, BC, Canada Vancouver, BC V6J 1K7 Canada Add us to your address book unsubscribe from this list    update subscription preferences

Fw: Patience takes on a new meaning

Fwd: Shaw / SFU / Email Alias, 

Jason_Wang_Burnaby@yahoo.com

Sent from Yahoo Mail for iPhone

Begin forwarded message:

On Friday, April 24, 2020, 05:03, Steadyhand Blog <info@steadyhand.com> wrote:

View this email in your browser Patience takes on a new meaning by Scott Ronalds I surveyed the room and found an empty seat among the semi-circle of plastic chairs, which were placed six feet apart with military precision. Something felt off about this place. Nonetheless, I sheepishly introduced myself to the rest of the group. "My name is Scott ... and this is my first pandemic." In unison, the 20 or so people in the group acknowledged me, "Welcome, Scott. There's no judgement here." I felt a surge of anxiety and decided this wasn't for me. As I got up and made a bee-line for the exit, the moderator called over, "Don't forget your free barrel of oil." Huh? Sure enough, there were two dozen blue barrels stacked four high by the door. How did I miss that when I came in? As my mind started spinning, I felt a wet grasp on my shoulder. I turned around and was locked eye-to-eye with a giant penguin wearing red and pink Fluevogs. I tried to run, but the penguin blocked me and triggered back its beak for what I assumed was going to be a painful peck to my head. I braced for impact. And then I woke up. Turns out, I'm not the only one having twisted dreams these days. The heightened stress and quarantining brought on by the coronavirus is taking our REM cycles to some strange places (Freud would be having a field day). And it's testing our patience like never before, as husbands, wives, parents, siblings, friends, colleagues, neighbours, shoppers, outdoor enthusiasts, dinner party goers, and of course, investors. Did I miss anything? The initial days of the market pullback were dizzying. I've never seen anything like it in over 20 years in the business. Daily moves of 6%, 7%, 8% became the norm. It was the fastest bear market in history (defined as a 20%+ drop in stocks). To say that patience was a virtue in the month of March is a gross understatement. Anecdotally, though, I heard few stories of investors blowing up their portfolios and didn't see any clients do it at our firm. Perhaps the saving grace was that people were preoccupied with more pressing matters and had little time to react to the selloff. Stocks have since seen a decent rebound. But the coming economic numbers and corporate earnings will be grim, and investors are well-advised to tap into some of that patience in the months ahead. Markets will break through February's highs again at some point, but the journey could be frustrating — like everything about this pandemic. Value investors have had to be even more patient. This style of investing, which favours owning companies with lower valuations, underpriced assets, and slower rates of growth, has underperformed growth investing for the better part of the past decade (even though its long-term record is better). Fast-growing businesses like Amazon, Apple, Netflix, and Shopify have left 'old-economy' companies like banks, oil, media, and heavy industrials in the dust. In a downturn, lower-valued stocks have historically held up better because they're cheaper to begin with, but this hasn't been the case. Amazon, Shopify, and Netflix are reaching new highs, while stocks like Costco and Clorox are benefiting from the stockpiling going on. Value stocks, on the other hand, have been among the hardest hit in the pandemic, and the 'value will again see its day in the sun' story is getting long in the tooth (which, contrarians would argue, makes the strategy even more compelling now). While I'm hoping we've seen the bottom of the market, I'm making room in my "patience tank" for further volatility and potential distress ahead. Evidently, clearing space for this in my head has meant I have less room for patience in other aspects of daily quarantine life. Tell me if you can relate. After 15 days of home cooking, I went out the other week to pick up some take-out at one of our favourite restaurants (it's crucial to support small businesses these days) and felt somebody sidling up behind me, a little too close. I turned around and barked, "Don't you know what 6 feet is?!" We had a problem with our cable, so I had to call our provider's 1-800 number and was told the wait could be up to 60 minutes. Couldn't do it. It's now Netflix or nothing in our house. We've been using Microsoft Teams for work meetings and I've found myself yelling at the screen, "You're on mute!" and "frozen again? ... you gotta be %$#@ing kidding me" on more than one occasion. In desperate need for some exercise, I went out for a run last weekend but spent the whole time jumping on and off the sidewalk trying to maintain a reasonable distance and dodge passers-by. The whole thing felt like a big game of Frogger. I may or may not have yelled at someone who got too close to me again. In setting up my home office, I've had to intrude on my wife's space (who works from home) and displace my dog's favourite spot for a nap. A wagging tail and a morning wink have turned into the stink eye from both of them. I've become pretty good at returning it. Of course, there are much bigger problems in the world right now, so I've tried to put everything into perspective and discover more productive ways to maintain my sanity and expand my patience tank. Taking a cue from Pluto the talking dog, here are a few other tips to help you survive these unnerving times. 1). On those down days, look at a long-term chart of the stock market. The longer, the better. 2). Read a book. It can transport you to another world or time. A few suggestions (business and non-fiction) that I've recently enjoyed: Say Nothing, That Will Never Work (The Birth of Netflix), Barbarian Days, and The Ride of a Lifetime. 3). Go for a walk or run in a quiet neighbourhood — following Dr. Bonnie's social distancing recommendations of course. Despite my failed first attempt in my busy hood, I've discovered that Shaughnessy is a great place for a run if you live in Vancouver (wide avenues and few people). 4). Go outside at 7pm and listen to your community cheer on all the frontline healthcare workers as they change shifts. Participate in it — LOUDLY. These people are putting it all on the line for us. My wife and I have made this last one part of our daily routine (it's even more powerful for us because we live close to Vancouver General Hospital). It's a great way to expand the patience tank. Read in browser » Recent Articles: Things to do after Tiger King How the coronavirus crash is setting the stage for the next oil boom Bradley's Brief — Q1 2020 March 2020 in Numbers Coronavirus market crash was the fastest on record: Here's how to keep that in perspective Copyright © 2020 Steadyhand Investment Management Ltd., All rights reserved. You are receiving this email because you opted in at steadyhand.com. Our mailing address is: Steadyhand Investment Management Ltd. 1747 W 3rd Ave, Vancouver, BC, Canada Vancouver, BC V6J 1K7 Canada Add us to your address book unsubscribe from this list    update subscription preferences