Recently we conducted a web conference to introduce PI Financial's discretionary managed accounts program (more info here).
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“Justin has proven his worth by being more than an investment advisor. He tries to bring value to every interaction and is a name to watch in this industry going forward.” - Fabiana Lara, creator of The Next Big Rush
"Justin Hayek has been my investment advisor for over 7 years. I find his market knowledge invaluable. He has helped my portfolio grow, exceeding my expectations. I will continue to take advantage of his expertise and would highly recommend him to anyone looking for a fantastic advisor!" - Chase Shymkiw, Maple Ridge, BC
In my last blog post (read here) I highlighted PI Financial's discretionary managed accounts program. This program is overseen by our internal portfolio management team who manages six unique model portfolios consisting of mid to large cap equities, bonds and ETFs.
Ever since PI Financial was acquired by Gary Ng - a young, aggressive entrepreneur in November 2018 - the firm has recommitted itself to becoming the leading independent investment firm in Canada. This means re-introducing the firm to existing clients and making itself known to the investing public.
I believe we are in the early stages of a significant bull market for precious metals, namely gold & silver, and the precious metals equities. The previous bull market for gold and silver (and the equities) was roughly from September 2008 - September 2011.
As highlighted in my previous blog post here, I believe we could see a short term bottom in the cannabis sector near this year's tax-loss selling deadline of December 27th.
Tax loss selling is a proven strategy used by investors to reduce their tax bill. It can be employed at any time during the calendar year up until the tax loss selling deadline (December 27th this year). Though this is the case, most investors wait closer to the deadline to crystallize their losses.
Over the last six years, the mining sector has had glimmers of hope. There have been too few successes to cheer about, although there have been a couple darlings in the space. One in particular that stands out is SilverCrest Metals (TSX:SIL).
In this issue of the Mining Sector Update, PI Financial's mining analysts answer the questions:
With silver now trading north of US$ 19 / oz, hitting multi-year highs, what that does this mean for the silver equities? Will silver continue to outperform gold?
What are the new price targets for precious metals equities using silver at US$ 19 / oz? Find out what PI Financial's mining analysts think in this mining sector update.