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Steadyhand Monthly Update - June 2009



 
Steadyhand
June 2009

The Wall Street Journal (May 27, 2009): Wall Street burned thousands of investors with so-called structured products that were supposed to provide healthy profits and limit losses. Brokers, hoping investors' memories are short, are pushing these high-fee products again with safety as the big selling point…

"I liken structured products to Viagra. The industry is hooked on them because they stimulate sales. They're a specialty product that should be used by few, but are sold to many. And the buyers get instant gratification, but pay for it in the long run." 
 
          - Tom Bradley, The Globe and Mail (April 4, 2009)

What's New?

The Two-Mile Post
While the equity markets have been nothing but shaky over the past two years, the hand is still steady. It's been weathered, left for lonely, and even a little sweaty. But still steady. With our funds recently marking their second anniversary, we felt it was timely for an update on Steadyhand. The Two-Mile Post  provides a detailed look at how our company and funds have fared.   

Wolves, What Wolves?
Tom Bradley is throwing himself in amongst the wolves. In a weak moment, he agreed to participate in the Alternative Investment Management Association's annual debate, in which he'll be arguing, very convincingly we hope, that hedge funds are dead. The event takes place at The National Club in Toronto on June 9th.

Tom will be on BNN with Howard Green later in the day (6:30 PM EST) to recap the event. A summary of the debate will also be published in the Globe and Mail on June 10th.



Inside Steadyhand

We recently brought on board Ryan Watson, an MBA student, to take on some industry-related research.  As the rookie, he'll also be responsible for a few other tasks around the office.  That grass isn't going to cut itself.


 

Highlights from the Blog

Safety Is Expensive
Scott discusses why we've been advising clients that safety is expensive these days.
You Go Girl!
As our first guest blogger, Steadyhand Director Lori Lothian expands on why women should become more engaged investors.

Podcast: Uneasy About the Market Bounce?
Feeling uneasy about the recent bounce?  In this podcast, Tom provides some advice to investors who are unsure what to do at this point. 
  

 


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