Friday, December 23, 2005

Investment Newsletter Review: Canadian Edge

As I mentioned in my CanRoy post, I recently purchased a one year on-line subscription to Roger Conrad's Canadian Edge investment newsletter. The subscription cost $399 and it has a 'no questions asked' money back guarantee. The guarantee satisfies both my first & second newsletter rules...

Newsletter Rule #1: Low risk purchase

Newsletter Rule #2: Publisher must stand behind the quality of the newsletter

I ran across Mr. Conrad as I was desperately trying to research CanRoys. Canadian Edge only covers CanRoys and I have to say that Conrad's understanding of this market-space is surprisingly comprehensive. Conrad also publishes (both on-line and via mail) the Utility Forecaster newsletter which focuses on... you guessed it... utilities. He's been publishing Utility Forecaster for quite a while and is a recognized expert on the industry. This satisfies rule #3...

Newsletter Rule #3: Author must have unique knowledge or skill that cannot easily found in the market

Canadian Edge tracks about 100 CanRoys on a regular basis. The 'How They Rate' page of the newsletter is where I spend most of my time. This page has...
  • each CanRoy's name
  • Canadian stock symbol
  • US stock symbol
  • the up to date price in US$
  • current yield %
  • annual dividend in US$
  • dividend frequency (monthly or quarterly) and timing (day of the month)
  • payout % - this is the portion of the CanRoy's income that is paid to trust holders. The lower the number, the 'safer' the yield.
  • share growth - this represents how many new shares have been issued as a percent of total shares. This dilution is the only way the trusts can raise additional capital but it can cause yield erosion if the trust's management does not invest wisely.
  • Canadian Edge Safety Rating - this is Roger's opinion of the risk associated with each CanRoy. It's a rating of 1 to 5... where 1's & 2's are suitable for widows and orphans and 4's & 5's need to be closely watched and are only suitable for diversified portfolios.
  • comments - a few phrases about trends / concerns for each trust
  • advice - buy / sell / hold recommendations with price limits

This data is fantastic and satisfies my 4th rule...

Newsletter rule #4: Newsletter must provide timely and actionable information

I purchased two oil & gas Canroy's from Rogers 'buy' list and we'll see how they perform. Once I have a few months of actual performance in my portfolio, I'll be able to determine if Canadian Edge satisfies my last rule...

Newsletter Rule #5: The newsletter must produce uniquely good results for me.

This is key... the newsletter may offer great advice and have a great track record, but if, for whatever reason, I don't make money with their picks that I actually feel comfortable enough to buy, I won't continue reading and paying for the newsletter. I firmly believe each investor has their own style and risk / loss tolerance. If you deviate from your style (assuming you have been successful), you may become uneasy and make bad decisions. I'm, by nature, a value investor. I love dividends and long-term capital gains.

I'll keep everyone up-to-date with my CanRoy's performance and let you know when and if I can rate Canadian Edge a 'BUY'.


At 6:13 PM, Anonymous Anonymous said...

i subscribed to canadianedge last week and so far have received nothing for my money. How do I get a user name and password?

At 4:22 PM, Blogger Early Riser said...

I received an email immediately validating my subscription and it included a link to access the web site without needing a password until I set my userid.

Call their 800 number and get satisfaction!

You should never enable bad customer service by being silent!

At 2:09 PM, Anonymous Anonymous said...

Subscribed to canadian edge last july then bought 11 different recommendations-only his top 10 and safe high yields. after a downturn in Fall, has gone up return is high considering stock price appreciation and payout. Doing better than 20%. But withholding 15% of trust payouts on my pension holding sucks as can't recover it in US income tax 1040
Conrad does his homework It isn't easy to find broker who can handle buying all of the trusts. Some commissions I got killed on Then went to online account and was much better

At 1:38 PM, Anonymous Anonymous said...

I knew Roger Conrad's work from the Utility Forecaster and have used his Canadian Edge newsletter for about a year now. I find it well worth the money. It was - and is - a great time to be invested in Canada, but I'm absolutely certain Conrads' research and recommendations have played a role in my success. He and a gentleman named Jeff Clark are the only analysts I really pay attention to anymore. I find the rest tend to be no better than my own efforts.

At 12:47 PM, Anonymous Jim O said...

I have subscribed to Roger Conrads Utility Forecaster since it started (1988, followed his advice before that in Personal Finance) and subscribed to Canadian Edge for last 2 years. Love it.

At 8:31 PM, Anonymous Anonymous said...

To the 2:09 anonymous post You can recover the 15% Canandian Withholding Tax on your U.S. Form 1040 by including the amount withheld as a foreign tax credit. As a result of U.S./Canadian tax treaties, it will then be honored by the IRS just as if you had paid that amount to them as an estimated tax. the amount of the Canadian Tax Withheld should be on the Form 1099 sent to you by your broker at the end of 2007

At 8:38 PM, Anonymous Anonymous said...

Not an endorsement....just my personal experience, TDAmeritrade has effectively handled all (13 so far) of my purchases of Canadian stocks. Some of which have been micro caps. And all for the flat rate of $9.95 per trade....and those were limit orders placed online at their website. Did have to do a little searching to obtain the correct symbols for online trading and quotes. The micro caps don't have real time quotes. Only updated at the end of the trading day, buy the limit orders are traded by the Canadian brokers for Ameritrade in real time.

At 11:26 AM, Blogger Josh said...

Are you still using the canadianedge newsletter now that it is 2008? How are your investments doing and can you share any new ideas or lessons that you have learned since 2005?

At 11:36 AM, Anonymous Gary Hyink said...

You say,"I was desperately trying to research CanRoys."

When it comes to investing desperation is usually a poor investment strategy.

Gary Hyink

At 2:42 PM, Anonymous Anonymous said...

Does anyone have a current (10/18/08) opinion on Canadian Edge's track record?


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