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Investment Commentary / Newsletters

2019

July 15, 2019
Spotlight feud, bank bleed, backdrop divergence, channel top, wide spread, gold rose, expect cut, oil tension
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July 8, 2019
Record highs, slowing economy, rosy jobs, golden breather, mixed indicators, higher yields, approaching top
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June 24, 2019
Dove week, trade threats, Gulf clouds, funds pull, what if, recession warning, gold risk, markets rise
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June 17, 2019
Cut speculation, slowing signs, rate cycle, broadening top, golden lead, lagging silver, oil attack, rate week
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June 10, 2019
Rate Frenzy, Slowdown Signs, Market Pattern, Gold Froth, Dollar Repeat
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June 3, 2019
Tariff targets, markets notice, retaliation assured, debt problem, golden jump, wildfire havoc
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May 27, 2019
Not final top, trade war spook, sliding economic numbers, falling bond yields, metals below breakout
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May 20, 2019
Trade dispute disrupts, whipsaw week, confident consumer, falling yuan, golden divergence
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May 13, 2019
Trade wars, good correction, still bull, expect retaliation, party continues, job creators, gold hot, stocks not
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May 6, 2019
Sell in May myth, not so rosy employment, widened Recession watch spread, Dollar-assisted golden fall
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April 29, 2019
Record close, chugging higher, no recession, positive indicators
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April 22, 2019
Lonely Highs, Poor Gold, Relentless Climb
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April 15, 2019
Collapsing Volatility
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April 8, 2019
Best April, warnings abound, Fed-Trump war, Bitcoin rise, curve inversion, gold bottom, unemployment gage
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April 1, 2019
Potential topping, cut calls, Canadian growth
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March 25, 2019
Surprise Dove, Positive Spread, Debt Gorge, Meandering Gold, Higher Dollar, Market Volatility
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March 18, 2019
Black swan sparks, no recession yet, OPEC vs NOPEC, dovish fed week, hearts out to New Zealand victims
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March 11, 2019
Canada Jobs sparkle, Trade Deficits Widen, Houses and Ships Signal Slowdown, Dollar Gains, Gold Corrects
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March 04, 2019
Riveting focus, spooked gold, dangerous long, humming weaknesses, Powell put, no recession, buyback view
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February 25, 2019
Common Interest and Credit Themes, 90 year cycle, Debt Trigger, Counterintuitive Run , Temporary Gold Top
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February 18, 2019
Blow-off Cusp, skeptical bears, excited bulls, runaway train, Dollar-helped gold, SNC scandal, gold demand
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February 11, 2019
Seasonal script, January barometer, background spark, commodity bull, junk sign, golden dig
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February 04, 2019
Fed blink, stock ignition, Nonfarm inflation, confidence slide, trade fade, debt fuel, commodity boom
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January 28, 2019
Shutdown shut down ex-wall, coup can spark oil, QT fade ignites gold, is too much bull too fast?
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January 21, 2019
Risk On without Time for Damaged Charts to Repair, No Recession Yet but Mixed Indicators
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2018

December 31, 2018
Worst December … Ever, Plunge Protection Team, Paper Starting to Come Off, Rising Gold
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December 24, 2018
Dramatic Drop, the Grinch Stole Christmas
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December 17, 2018
Volatility, Huawei-based Threats, Yellow Vest Riots, No Deep End Yet, Bond and Gold Safe Haven, Oil Bounce
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December 10, 2018
Volatility, Huawei-based Threats, Yellow Vest Riots, No Deep End Yet, Bond and Gold Safe Haven, Oil Bounce
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December 03, 2018
Dovish Musing, Barely Begun Bear, Positive Seasonality, Payroll Watch, Fear and Greed Phases, Toppy USD

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November 26, 2018
Bared Bear Claws, Beware Claus Gift, No Recession Yet, Oil’s Slippery Slope, Cheap Gold Money

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November 19, 2018
Buffet Equalizers, Fading Long-term Bull, Thanksgiving and Santa Claus Rebound, Nascent Gold Bull

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November 12, 2018
As Déjà vu Rhymes and Unfolding Bear Twists and Turns, Seek Opportunity and Maybe Buy Well and Hold

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November 5, 2018
October bear, Booms, Busts with a debt heart, strong jobs defers recession, mid-terms portend market rally

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October 22, 2018
Bottom pickers’ paradise for stocks and gold possible in Mid-term elections

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October 15, 2018
October Bottom, or Bull End with Strong Gold, but No Recession Yet amidst Fed Attack and Bitcoin Precipice

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October 08, 2018
Music Still Plays with Division, Jumping Rates, Teetering Italy, Defiant Numbers and Rising Dollar and Gold

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October 01, 2018
Worried Markets climb as Fed and Italy benefit US Dollar and Iran drives oil prices

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September 24, 2018
Rear View Mirror, Potential Divergence, Fed and Recession Watch, USD but not metals may be Up in Smoke

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September 17, 2018
Sea of Debt Rises from Two Rubbles, Prepping for Precious Rally, and Wages, Spending, Growth Lag Debt

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September 10, 2018
US Dollar, Stocks, Rates Soar in Cruelest or Golden Month, Recession Risk Falls, Beware Amazon Waterfall

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August 27, 2018
Market convictions defy court convictions and risk financial accident but economy is fine and gold may shine

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August 20, 2018
US Dollar flight endangers Turkey and domino effects possible with precious metal fire sale, still stocks soar

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August 06, 2018
New Silk Road away from US, markets return to mean expected, no recession yet, and dull metals

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July 30, 2018
Friedman Fiat friendliness betrayed, blood moon crash connection, Facebook flop, potential peg but no recession yet

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July 23, 2018
Spectre of Fed coup is unlikely but dampens equities, currency and fuels commodities, long yields

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July 16, 2018
Continued Climb up the Wall of Worry

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July 09, 2018
Yawning may risk inhaling a bug but no Recession yet, oil is slippery, and gold stocks out-glitter gold

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June 25, 2018
Danger lurks, world economy cracks, money flies to bond safety and gold may turn yet no recession

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June 18, 2018
No Recession yet, Tariffs and Counter-Tariffs Portend Depressions or Wars and Gold still Glitters

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June 11, 2018
Volcano spews lava amongst allies under clear economic skies with patches of rising rates and gold

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June 04, 2018
Strong economy plays leading role while Italian debt, European banks and trade wars are background noise

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May 28, 2018
No imminent recession, Axis of gold, New Silk Road, and possibly resurrected killed summit

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May 21, 2018
Energy paints rosy TSX picture while storm clouds brew around US debt and gold still glitters

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May 14, 2018
Lagging energy stocks and continued market rally despite late cycle conditions, sanctions, shootings

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May 07, 2018
The sweetness of Energy and Apple

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April 30, 2018
Still a sleepy bear no match for the bull

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April 23, 2018
A Quieter Bull

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April 16, 2018
History in the Making but No Recession Yet

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April 09, 2018
Persistent Economic Strength Counters Trade War Fears

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April 02, 2018
Volatility and Debt Grow, but so does the Global Economy so no Recession yet

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March 26, 2018
Continued Fireworks despite a positive Recession Watch Spread

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March 19, 2018
Low Unemployment, Good Economy, Positive Consumer and Gold maybe poised to rise

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March 12, 2018
Another wild week with high jobs numbers suggests new highs may be ahead

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March 5, 2018
Executive Summary

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February 26, 2018
Bullish signs continue

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February 19, 2018
Mini Rogue Wave signals blue skies ahead, with banks thriving as interest rates rise on the horizon

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February 12, 2018
Wild Market Presents Buying Opportunity

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February 5, 2018
“War is Hell—but not for the Stock Market” —Mark Hulbert, Barron’s, April 20, 2017-Executive Summary

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January 29, 2018
Quotes by Warren Buffet, Principles from the Sage of Omaha and Edwin LeFevre, Reminiscences of a Stock Operator

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January 22, 2018
Quote by Chuck Palahniuk – Author – Survivor, Fight Club

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January 15, 2018
This Time is Different – Eight Centuries of Financial Folly – Carmen M. Reinhart & Kenneth S. Rogoff

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January 8, 2018
“I would say Happy New Year but it’s not happy; it’s exactly the same as last year except colder.” – Robert Clark

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White Papers

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Our Professional Alliances

Our Current Custodians:

NBIN

Committed to independent firms for more than 25 years, National Bank Independent Network is one of Canada’s leading providers of custodial, trading, clearing, settlement and record keeping services to independent registered portfolio managers, introducing brokers and investment fund managers. National Bank Independent Network proudly serves over 400 firms from coast to coast and is backed by the strength of National Bank of Canada (NBC). National Bank Independent Network is a division of National Bank Financial Inc. (NBF Inc.), which is an indirect, wholly owned subsidiary of NBC, a public company listed on Canadian stock exchanges (TSX: NA). National Bank Independent Network is also a registered trademark of NBC used under license by NBF Inc. NBF Inc. is a member of the Canadian Investor Protection Fund (CIPF) as well as the Investment Industry Regulatory Organization of Canada (IIROC), which is the national self-regulatory organization that oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

B2B Bank Securities Services Incorporated

Enriched Investing Incorporated Clients enjoy the security of having their accounts held in their own name at B2B Bank Securities Services Incorporated – a member of the Canadian Investor Protection Fund (CIPF).

Portfolio Management Consulting:

ETF Capital Management

Larry M. Berman is a Co-Founder of ETF Capital Management. Mr. Berman is contracted to assist Margaret Samuel with portfolio management duties as requested, and sits on the Enriched Investing Incorporated Investment Committee.

Larry brings nearly twenty years of industry experience to the role of Chief Investment Officer of ETF Capital Management and has been consistently ranked as one of Canada’s “Top 3 Analysts” according to institutional investor surveys.

Larry began his career as a Toronto based Investment Advisor in 1989 and completed a technical internship in New York with the Market Technicians Association (MTA) in 1994, where he studied the techniques of many top Wall Street technicians. Prior to founding ETFCM he was Chief Technical Strategist and Managing Director for CIBC World Markets since 1997. Larry was a senior technical analyst for Thomson IFR in Boston and senior technical analyst and trader for Marleau Lemire Futures in Toronto.

Larry is the primary author of the textbook for the technical analysis course offered by the Canadian Securities Institute (CSI), which is the primary source of education for technical analysis in Canada. Larry is past President of the Canadian Society of Technical Analysts (CSTA), past Vice-Chairman (Americas) of the International Federation of Technical Analysts (IFTA), and is currently the President of the Market Technicians Association (MTA). Larry’s opinions frequently appear in the media, and he is featured weekly on BNN’s (formerly ROBTV) Berman’s Call.

Larry is a Chartered Market Technician (CMT), a Chartered Financial Analyst (CFA), and is a US registered Commodity Trading Advisor (CTA). Larry graduated from York University with a BA in Economics.

Legal Counsel:

Gardiner Roberts LLP

Administration:

SGGG Fund Services Inc.

George Brown College

With a collection of 135 full-time certificate, diploma, degree and post-graduate programs, George Brown College is committed to giving students an education that teaches them the real-world skills that employers are looking for. Enriched Investing Incorporated is excited to be working with George Brown College to provide qualified business and accounting students with experience in portfolio management operations

Frequently Asked Questions

We purchase individual bonds for our clients as opposed to units in a bond fund. Bond funds lack a fixed maturity date and the purchaser owns units in the fund, not the bonds. The value of the units is based on the cumulative market value of all the bonds in the fund on any given day. Bonds on the other hand have a set maturity date and fixed interest payments which makes the return on each bond certain as long as it is held to maturity.

Value Stocks are common stocks currently undervalued and ignored by the market but are believed to have great potential to expand in value in the future. Growth Stocks are common stocks that are thought to have excellent prospects for above average future growth.

The utmost of principle protection, growing income, capital gain potential and marketability cannot be found in one security. Yield tends to be lower when the need for safety and security are high. Investors who seek safety and reliable income will bid up the price of the security and the yield will fall. Similarly, if a company shows high growth prospects, eager buyers seeking capital gains can create a demand that may push up the price to an unstable level.

Safety of principle is a major tenet for us. We combine the disciplines of fundamental, quantitative, and technical analysis allowing us to look at a company in several different ways. We believe this is a more robust approach then using only one or two analytical frameworks.

Investment counsellors, also known as portfolio managers, charge a fee based on a percentage of the assets under management, with larger accounts typically qualifying for lower fees. As a general rule, those who manage the assets in these firms undergo rigorous educational training and uphold the highest ethical standards. Portfolio Managers must, by law, act with a fiduciary duty to act in the best interest of the client as do those who have achieved the coveted Chartered Financial Analyst (CFA) designation. An Investment counsellor creates and manages a fully segregated and personalized account on the client’s behalf with the asset mix tailored to the client’s financial goals, risk tolerance, income needs, tax or estate issues etc.

Enriched Investing Incorporated manages institutional and private client investment portfolios. We have no commissioned sales people, we do not sell products and are not associated with any other financial firm. We are owned and managed by our major shareholders and earn our fee strictly on the value of the assets under our management.

We do not take possession of clients’ cash or securities. Your assets are held by a custodian, usually a bank or trust company.

Managers possess the CFA or CIM designations and must be registered as an Investment Counsel or Portfolio Manager. CFA stands for Chartered Financial Analyst. This designation is given to those individuals who have passed three annual examinations conducted by the CFA Institute and have practical experience in economic analysis, investment analysis and portfolio management.

CFA stands for Chartered Financial Analyst. This designation is given to those individuals who have passed three annual examinations conducted by the CFA Institute, and have practical experience in economic analysis, investment analysis and portfolio management.

Enriched Investing Incorporated invests your money and makes changes to the individual securities in your account. We do not have authority to withdraw money or securities from your account.

The custodian will send you a monthly statement detailing your portfolio holdings and account activity and you receive notices of all transactions as they occur. In addition, our clients enjoy the ability to see their accounts on line with activity up to the previous day available.