Articles and Deep Thoughts
Trade Review - August to October 2013
August 12, 2013

The remainder of the summer and the start of Fall held several opportunities to bank some profits ahead of the Fed tapering.

Investing in the Age of Disruption
September 4, 2013

We’re hearing the word “disruption” a lot these days as it relates to business. Traditional industries that were once seen as invincible and immune from advances by smaller competitive forces are tangibly under threat. Many industries appear to be at a crossroads. The problem with disruption is for investors, it can make it awfully difficult to determine a company’s future capability to create tangible, consistent, and durable wealth in the long term. So how does one invest in an age of disruption?

Trade Review - July 2013
August 12, 2013

It was a rough July as several stocks I owned crossed my 20% loss threshold so I had to make some hard decisions to sell or hold on. These types of decisions are even harder to make than deciding what to buy.

Panic Buying: Better To Wait For the Next Train
August 8, 2013

As the stock market touches new record highs, you have been sitting on the sidelines with envy. You cannot take it anymore. You want in on the action...at any price. Welcome to Panic Buying.

How To Find Stocks to Invest
July 30, 2013

You've decided you want to buy stocks. Where to begin? Start with the Pillars.

Review of Trades - June 2013
July 5, 2013

A pleasant windfall highlights our trades for June.

Investing in Times of Hysteria
June 24, 2013

We are living in hysterical times for investing. Up is down and down is up. Under this backdrop you’re sitting there looking at your portfolio and are asking yourself, “What do I do”. How do you deal with these disconnects? Should I just throw caution to the wind and just buy up a bunch of stocks like everyone else seems to be doing? We offer some ideas to help investor wade through these bizarre times.

Review of Trades - May 2013
June 13, 2013

A couple of peculiar trades that challenge some of my traditional investing values.

Dilemma of Selling Stocks: A Personal Experience
May 23, 2013

I have been investing since 1996 and even after analyzing thousands of companies and stocks, and knowing the pitfalls of investing, I still will face decisions that challenge what I have learned and applied in the past. Whether it is value investing, technical analysis, or day-trading, we will always face situations that will challenge our decision making ideology. I would like to share with you one classic example I am currently facing with regards to a selling decision.

Review of Trades - March 2013
March 27, 2013

Oracle and FedEx makeup a portion of our trades in March.

Importance of Committment in Investing
March 27, 2013

When it comes to investing, there are so many ways one can go about it. No matter what path you choose, one thing is constant. You will need to commit time to making proper decisions in terms of goals as well as in execution and you need to stay on top of them.

Confessions Of A Closet Market Timer
March 18, 2013

We know market timing is extremely hard to do consistently and we've been told to adopt alternative strategies to avoid this behaviour. We wonder though, if these strategies are just market timing in drag?

Trade Review-February 2013
March 12, 2013

Only a couple of trades to chat about in February.

January 2013 Trade Review"
February 4, 2013

The first monthly review of our trades. It is one thing to present and educate people on investment concepts. It is another to practice what you preach. To address this, one of my goals for the upcoming year is to post my trades for each month with a brief explanation of why I made the trade. The rationale could be company specific, portfolio specific, or macro-economically specific.

Peeling Back The "Investment Onion"
January 28, 2013

As investors (even the most experienced ones), we need to always understand where an investment product places relative to other products in terms of simplicity and risk/reward. The best (and probably the most cheesiest way) I found that can represent these elements is visually. Here we find the Investment Onion.

Is Canada Heading for A Deflationary World?
January 21, 2013

Conventional wisdom is telling us that because world is flush with cash thanks to the printing presses of Central Banks, inflation is not far off in the horizon, however recent history has shown us that in fact deflation could be the end result and Canada seems to be showing some of these symptoms. We explore the concept to see if these concerns show any merit.

Why Women Make Great Investors
January 14, 2013

The stock market and investing as a whole has traditionally been a male dominated boys club. Consequently, when we look at performance, we have been viewing it through the lens of the alpha male. That's unfortunate because many studies in the past decade have shown that it is actually the women that have demonstrated a strong aptitude and competency for making successful investing decisions than men. It is time to recognize give the fairer sex their due props.

Portfolio Performance Review: 2012
January 7, 2013

As we close the books on 2012, it's time to reflect on our year that was in investing and to see if we can gleam a few nuggets of wisdom that we can take into 2013 and beyond.

The Case For Buying Individual Stocks
December 10, 2012

Exchange Traded Funds have become the mutual funds of the 21st century so far, but does this mean the end for buying traditional individual stocks? We look at some reasons why investing in individual stocks may be less complex, cheaper, and in the long-run better for your portfolio.

Controlling Your Emotions When An Investment Goes Wrong
December 3, 2012

We have all experienced it and even the greatest investors of all-time have also experienced it. The realization that the stock we spent an inordinate amount of time analyzing is not going to increase in value the way we thought it would and that we are going to have to bite it and sell it at a loss.

When To Sell Stocks: Look For The Game Changer Moment
November 26, 2012

We spend a lot of time analyzing and trying to figure out what stocks to buy, but I think as investors we don't spend nearly enough time on figuring out when to sell a stock.

Financial Literacy Month: My Best Financial Tip
November 15, 2012

November is Financial Literacy Month in Canada. To spread the gospel, some of the best financial bloggers are posting their "Best Financial Tips". For my contribution, I decided to focus on the initial decision of time comittment to investing, as I think it will drive the type of investing options available to you.

Dividends: A Reality Check
November 5, 2012

Dividend investing has gained popularity since the the financial meltdown of 2007-08. While there are many benefits to earning dividends, investors should not lose sight of some first principles of capitalism and the hidden risks that can negatively impact their portfolios.

Exchange Traded Funds: A once efficient investment tool Jumps the Shark-Part 2

The latest generation of ETF's are more complex than ever and without doing proper due dilliegence, it can cost you.

Analysis of My Stock Trading History

An analysis of my investing/trading record over the past 14 years. I'm curious to see if the lessons/approaches I've built up and tweaked over the years have actually been positive.

Exchange Traded Funds: A once efficient investment tool Jumps the Shark (UPDATED)

Iíve been a fan of the ETF product. Iíve always believed that an ETF is a more efficient way of investing than mutual funds, but my belief is being tested. I worry now that the marketing machines of the major financial institutions have embraced the ETF model and are going into overdrive to crank out products that may not necessarily serve investors interests.

Choose your games wisely when playing in the Stock Market Casino

It is very important for investors to understand what games they are playing in the stock market casino, because some games skew in favour of the stock market casino, while some games are driven by the broader market which allow the ordinary investor a better opportunity to make better, profitable investments.

Sage Investors Golden Rules of Investing

Here are some practical, REALISTIC rules to keep in mind when making your investment decisions as described by the "Voice of Reason", Peter Lynch in his books, "Beating the Street" and "One Up On Wall Street".

Stock Types

When researching companies, it is important in the inital stages to identify what kind of company it is because the company's stock performance can be related to the type of firm. We present a brief overview of 6 different types of companies.

Survey of Financial Performance

Our annual ranking of the best wealth creating companies in Canada. Find out which companies are creating REAL wealth for their shareholders.

But A Few Thoughts...

Some random musings about financial analysis as we begin the 21st Century.


Vegas Meets Wall Street: The Consensus Earnings Estimates Game

How the pressure on managers to sacrifice sound business judgement and strategic planning in order to "beat consensus earnings estimates is negatively creating a more speculative investment enviornment.


Portfolio Analysis: Performance of Wealth Creating Canadian Companies vs. TSE300 1996-1999

We were curious to find out how well a portfolio of wealth creating companies would perform relative to the TSE300. Boy were we surprised. Mutual fund managers, pay attention.


In The Media

Financial consultant relies on economic profit analysis to find value stocks
Globe and Mail, January 26, 2013
Aman Raina is profiled under the Me and My Money column


AKR Capital Research Releases 2006 Annual Survey of Canadian Financial Performance
June 21, 2006
AKR Capital Research annual ranking of wealth creating Canadian companies. Find out which companies are truly creating wealth for their shareholders....


AKR Capital Research Initiates Coverage of U.S. Equity Market
September 15, 2004
AKR Capital Research announced today the initiation of coverage of the U.S. equity market...


AKR Capital Research Releases Rankings of Top Canadian Wealth Creating Companies For 2003
July 5, 2004

Despite Economic Shocks, Canadian Firms Create Greater Wealth in 2003


AKR Capital Research Releases Rankings of Top Canadian Wealth Creating Companies For 2002
July 5, 2004

Despite Strong Economic Growth, Fewer Canadian Firms Created Wealth in 2002


EVA Portfolios Continue To Outperform Market in 2002
January 19, 2002

AKR Capital Research annual study on EVA porfoliio performance continues to uphold historical trends on effectiveness of EVA-based stock portfolios.


A New Kind of Top 10 List
Toronto Star, June 30, 2002

Aman Raina of AKR Capital Research discusses the growing popularity of EP analysis as a tool for measuring finanical performance.


EVA Portfolios Continue To Outperform Market
February 2002
Results of a study tracking stock performance of EVA producing Canadian companies.


What Was Enron "Really Worth"?
January 2002
An evaluation of Enron using EVA analysis, reveals a company heading over the financial cliff in 2000. An evalution, Enron investors and employees wish they had seen, a year ago. The red flags were there well before, the shoe dropped.

What Is Celestica "Really Worth?"
InvestingCanada, August 2001

An evaluation of Celestica using EVA analysis from a high-level, by Aman Raina, President of AKR Capital Research that appeared on the Investing Canada website


The AKR 100: Canada's Wealth Creators
AKR Capital Research releases its annual rankings of the top wealth creating companies in Canada for fiscal 2000.


ROB TV June 26, 2001(18 MB)

Aman Raina, President of AKR Capital Research discusses the results of the AKR 100 on ROB TV.

NOTE: For dial-up users, it is recommended that you download the file to your PC.
Steps:

1) Right Click over "ROB TV June 26, 2001(18 MB) " Link and select
"Save Target As..." If you are running Internet Explorer
"Save Link As..." If you are running Netscape
2) Save File somewhere on your PC
3) Run file on your PC.
4) Delete the file when you are done.


What Is Nortel "Really Worth?"
InvestingCanada, March 2001

Analysis of Nortel Networks using EVA analysis, by Aman Raina, President of AKR Capital Research that appeared on the Investing Canada website


Using Economic Value Added Analysis For Measuring Financial Performance
InvestingCanada, March 2001

An article discussing EVA analysis from a high-level, by Aman Raina, President of AKR Capital Research that appeared on the Investing Canada website


ROB TV February 21, 2001(14 MB)

Aman Raina, President of AKR Capital Research discusses Economic Profit/EVA analysis on ROB TV.

NOTE: For dial-up users, it is recommended that you download the file to your PC.
Steps:

1) Right Click over "Interview on ROB TV(14 MB) " Link and select
"Save Target As..." If you are running Internet Explorer
"Save Link As..." If you are running Netscape
2) Save File somewhere on your PC
3) Run file on your PC.
4) Delete the file when you are done.


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