{"id":8291,"date":"2009-10-14T19:07:09","date_gmt":"2009-10-14T23:07:09","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=8291"},"modified":"2009-10-14T19:07:09","modified_gmt":"2009-10-14T23:07:09","slug":"8291","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=8291","title":{"rendered":"Seminar: Fixed Income &amp; Preferred Shares"},"content":{"rendered":"<p>I just want to remind everyone about the seminar on Thursday October 15 in downtown Toronto at 6pm. This one is free, although I haven&#8217;t decided yet &#8211; decisions, decisions! &#8211; whether or not to charge for the video of the event.<\/p>\n<p>In my paper <a href=\"http:\/\/www.himivest.com\/media\/PrefsAndGICs_090814A.pdf\">Preferred Shares and GICs<\/a> I introduced the concept that any fixed-income investment portfolio is a compromise between:<\/p>\n<ul>\n<li>Security of Principal, and\n<li>Security of Income<\/ul>\n<p>Many investors emphasize the first attribute while ignoring the second to their ultimate discomfort.<\/p>\n<p>Other commonly made errors are:<\/p>\n<ul>\n<li>Paying too much for liquidity\n<li>Insufficient diversification\n<li>Overemphasis on current income\n<li>Insufficient attention to issuer options\n<li>Attempting to address all risks with one particular investment\n<li>Underemphasis on tax effects<\/ul>\n<p>In this seminar, I explain that &quot;risk&quot; cannot be thought of as a position on a number line: there are many different kinds of risk and portfolios must be constructed to account for all of them &#8211; no single investment can do it. I also explain how preferred shares can fit into a fixed income portfolio, bringing their own strengths to offset the weaknesses of other fixed-income investments.<\/p>\n<p>There is no charge for attendance at this seminar; there will be opportunity after the session to discuss the material informally.<\/p>\n<p>Note that the room at Day&#8217;s has changed: it will be the College Room, not the Rosedale Room<\/p>\n<p><b>Location<\/b>: <a href=\"http:\/\/www.dayshoteltoronto.ca\/meetings.html\">Days Hotel &amp; Conference Center<\/a>, (at Carlton &amp; College, downtown Toronto) <s>Rosedale<\/s> College Room (see <a href=\"http:\/\/www.dayshoteltoronto.ca\/contact.html#map\">map<\/a>).<\/p>\n<p><b>Time<\/b>: October 15, 2009, 6pm-9pm.<\/p>\n<p>The seminar will be filmed for later distribution.<\/p>\n<p>Advance registration may be <a href=\"http:\/\/www.prefletter.com\/eMailVerification.php?path=sem\">performed on-line<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I just want to remind everyone about the seminar on Thursday October 15 in downtown Toronto at 6pm. This one is free, although I haven&#8217;t decided yet &#8211; decisions, decisions! &#8211; whether or not to &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[],"class_list":["post-8291","post","type-post","status-publish","format-standard","hentry","category-seminars"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/8291","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8291"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/8291\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}