April 11, 2019 - Article by Marcel LeBlanc for the Times & Transcript

Does money really make you any happier? Popular thinking is that there’s a direct positive correlation between money and happiness. But what if I told you there’s a way to be happier with less money?

Louisbourg Investments seeks a self-motivated individual to join our dynamic team and play a leading role as Investment Counsellor.

March 28, 2019 - Article by Jared Burns, CPA, CA for the Times & Transcript

Someone once told me “don’t just be another voice in the choir”.  I have never sung in a choir (for obvious reasons) and I don’t think I’ll start now.  So, instead of another article about this year’s federal budget, I am going take a different direction and write about what was not in the budget.  There are two tax related items absent from the 2019 budget worth discussing. 

MARCH 26, 2019; SACKVILLE, NB - A new collaboration between the Mount Allison University Commerce Department and Louisbourg Investments is giving students a valuable experiential learning experience in investment managing as part of their undergraduate education.

Article by Robert Currie for the Times & Transcript February 28, 2019

“A truly great business must have an enduring “moat” that protects excellent returns on invested capital. The dynamics of capitalism guarantee that competitors will repeatedly assault any business “castle” that is earning high returns.”

Warren Buffet, 2007 Letter to Shareholders

One of the many pillars of fundamental investing is finding companies that have created value over time. But what does it mean for a company to “create value?” 

Article by Harry Griffin for the the Times & Transcript January 31, 2018

The idea of value investing is something that has been around for some time. The strategy, famously adopted by Warren Buffett, involves buying companies at a price below their intrinsic value. A company’s stock price is very simply the last price someone traded that stock at. But that doesn’t necessarily mean that price is what that stock is fundamentally worth. The intrinsic value is what the share price should be based on company fundamentals (growth estimates, profit margins, debt levels, risk, etc…). The intrinsic value of a stock can be subjective, but an investor who can come up with an accurate estimate can theoretically achieve superior returns by using it as a gauge of when to buy and when to sell.

The Purpose of This Role:
Reporting to the Operations Manager, this position is a key member of the Operations team with the responsibility of ensuring smooth business operations by performing various day-to-day accounting, reporting, and performance-related functions. This role is also responsible for the continuous improvement of operations by suggesting and implementing innovative improvements that aim to support the short and long-term success of the firm. The successful candidate has a passion for the investment management industry and strives for continuous self-development.

Equity Markets

This last quarter was simply an awful period for equity investors. The weakness was pronounced and spread across all equity asset classes. This is the result of a falling investor sentiment during the period as investors worried about slowing growth and trade tensions. While there is evidence that growth is slowing, the US economy continues to perform relatively well. For this reason, the Fed is normalizing interest rates higher. Equity investors are worried about interest rates slowing down the economy in the latter stages of a business cycle.

Article by Marcel LeBlanc for the Times & Transcript January 17, 2019

Have you ever wondered why it’s easy to convince yourself you deserve a trip every year yet it’s hard to bring yourself to increase your retirement savings? There’s a fairly simple economic model that is used to explain our preference in relation to consumption and savings over the course of our lives. This model can help explain why we make the choices we make and why we’re naturally inclined to make decisions that can hurt our financial success.

Equity Markets

Equity markets felt differently based on which region you were in this quarter. Certainly, the United States plays a central role in the world economy and investors felt comfortable buying more shares in its market. Investors were wary of other regions, which can in part be attributed to constant trade negotiations and frictions between the world’s largest economies. For most Canadian investors, this resulted in good returns from US equities but negative returns for Canadian and EAFE equities.