The Globe and Mail Published February 12, 2021 Bookmark
Junior mining project generators, like Mirasol Resources Ltd. , have multiple projects typically in joint venture arrangements to help reduce risk. However, generators are often overlooked by risk-seeking speculators. Perhaps Mirasol’s 16,300-hectare Inca Gold project in Chile will help it grab some speculative attention. Mirasol has an option to earn 100 per cent of the project, and it recently received a key environmental approval to allow the start of maiden drilling. Meanwhile, insiders are betting on more exciting times ahead, having spent $421,063 buying shares over the past six months.
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Ted Dixon is CEO of INK Research, which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section atwww.inkresearch.com
The Globe and Mail Published February 8, 2021 Bookmark
Warren Buffett transformed Berkshire Hathaway Inc. from a small textile firm into a gigantic insurance-focused conglomerate. It now sports a book value of US$415-billion – the largest in the S&P 500.
Something called float helped power its growth.
Francis Chou pointed out the importance of float to his friend Prem Watsa, who put the knowledge to work soon after when he gained control of Fairfax Financial Holdings Ltd. , then known as Markel Financial, in 1985.
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Mr. Watsa increased Fairfax’s book value with gusto over the long term. It climbed from US$7.6-million in 1985 to US$12.9-billion as of the most recent quarter.
Four TSX stock picks for an expected economic recovery from an index-beating fund manager Published February 3, 2021 Bookmark
It was a long-term bet on Big Tech and a mix of consumer and health care stocks that helped Murray Wealth Group deliver double-digit, benchmark-beating returns last year.
“We buy companies we believe in for the long term and that we’re comfortable buying in stressed times,” says Jamie Murray, portfolio manager and head of research at Murray Wealth Group, which manages about $180-million in assets.
The company says its flagship Global Equity Growth Fund returned 21.5 per cent in 2020, which beat the 12-per-cent return of its benchmark, which includes 75 per cent of the MSCI World Index and 25 per cent of the S&P/TSX Composite Index. The company says the fund’s five-year return was 13.3 per cent versus 10.5 per cent for its benchmark.
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If you’re holding a lot of bonds, GICs or savings, one of the biggest financial questions to be answered in 2021 is the direction of inflation.
The November, 2020, tally of inflation came in at 1 per cent on a year-over-year basis, which reflects the effect of the pandemic. From 2010 through 2019, inflation averaged 1.7 per cent.
But even at today’s modest rate, inflation is a problem for people holding bonds, guaranteed investment certificates and savings. Simply put, people may be losing money on an after-inflation basis. Five-year Government of Canada bonds yield about 0.5 per cent, five-year GIC rates are commonly below 1 per cent at major financial institutions and savings rates can be as low as 0.05 per c