John in the News
Wealth Manager-Playing global growth by buying Canada
October 16, 2009; Reuters; McCrank, John.
"You can play global growth from Canada," said John Stephenson, a portfolio manager and senior vice president at First Asset Investment Management Inc in Toronto.
He recommends buying large-cap Canadian companies that supply products and raw materials to emerging economies, a move he said he expects to pay off well into the future.
That helped push the Reuters-Jefferies CRB index .CRB, which tracks a basket of 19 commodity futures, up to an 11-month high. [ID:nWEN4664]
Stephenson, who recently released the book "Shell Shocked: How Canadians Can Invest After the Collapse," points to China, and to a lesser extent India, as rapidly growing markets that will keep demand strong for the raw materials Canada produces.
"They have a voracious appetite for commodities," he said. "Almost all of the growth in copper demand is coming from China. Same thing in oil."
"I think you're going to see good growth from Canadian equities because of what we do," he said.
After the shell shock, it's time to regroup
October 12, 2009; The Globe and Mail; Heinzl, John.
The Globe and Mail Portfolio manager John Stephenson offers his take on post-recession investing
As a portfolio manager with First Asset Investment Management, John Stephenson had a front-row seat during the financial crisis. In his new book, Shell Shocked: How Canadians Can Invest After the Collapse, he explores the roots of last year's meltdown and offers some advice on how to prosper now that the global economy is (hopefully) emerging from the Great Recession. We sat down with Mr. Stephenson to talk about his book and where Canadians should be putting their money.
Stock markets have soared more than 50 per cent from their March lows. Doesn't that make you nervous?
Where to invest your money for the next 5 years
Hint: Canada is still a good investment
October 2, 2009; Winnipeg Free Press; Christianson, David.
To the extent our clients will be spending their future income in Canada, in Canadian dollars on Canadian expenses, it makes sense to have exposure to Canadian dollar investments.
If you share this thesis, or want to know more about it, pick up a brand-new book called Shell Shocked, by John Stephenson. It is subtitled How Canadians Can Invest After the Collapse.
Stephenson is a portfolio manager in Toronto, but he started his career with Enron, giving him a behind-the-scenes look at how the financial system "really" works. This book is a well-researched, well-written summary of why Canada is the place to invest right now. (For the opposite point of view, read Why Your World is About to Get a Whole Lot Smaller by Jeff Rubin.)
Mr. Stephenson provides facts on why the future belongs to Asia and not America, and makes the case for investing in companies that own and produce resources and commodities, as expected.
But he also shows why buying banks, gold, technology and infrastructure companies, and even real estate, food and water, can be great opportunities in the years ahead.
However, the author wisely tempers his enthusiasm with warnings the economic and stock market recoveries could be slow and that future economic expansion is dependent on continued free trade between nations.
Recovery could be stifled -- as it was in 1930 -- by new protectionist measures introduced to satisfy voters.
I recommend the book, published by John Wiley & Sons Canada, as an accurate, though simplified, summary of how we got where we are now, and how to take advantage of opportunities presented by the downturn.
November 2, 2009; Sun Life Financial; Press, Kevin.
Shell Shocked: How Canadians Can Invest After the Collapse. It is an impressive book, filled with plain-spoken insight and advice.
Canada is rising because Asia is rising.So, through our resources, we’re really a world leader in that area. It is, increasingly, the place to go.
Stock markets have soared more than 50 per cent from their March lows. Doesn't that make you nervous?
See John discussing his new book with BNN's MoneyTalk host Patricia Lovett-Reid
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