Every week we share news stories, blog articles and other interesting stuff from around the web that received the most views, shares, comments and overall interest on various KeatsConnelly social media outlets.
This week begins with an article looking at the impact on travel to the US due a weakened Canadian dollar. The second article covers an annual reminder from Dalbar on the negative impact of trying to time stock markets.
Travel to U.S. hits 6-year low as weak loonie forces Canadians to go elsewhere (www.thestar.com) – Canadian travel to the United States hit a six-year low this winter as a weak loonie and lower airfares prompted more residents to visit other international destinations. Last year’s decrease of Canadian travellers to the U.S. continued in the first three months of 2016 as 4.38 million Canadian residents went across the border for at least one night, down 13 per cent from the same period in 2015 and matching a low set in 2010, according to data from Statistics Canada. While interest in the U.S. has waned, 3.8 million Canadians travelled to other international destinations, up 6.2 per cent over the previous year and 33 per cent since 2010. The low value of the loonie has also attracted more visitors to Canada…
Market Timing Costs Investors Big: Dalbar (http://www.thinkadvisor.com/) – Investors are their own worst enemy, or so is the conclusion of Dalbar’s 22nd annual Quantitative Analysis of Investor Behavior study that compared equity fund returns of directed investments versus the market benchmark. This year’s study found that in 2015, investors returns came in at -2.28% for equity funds while the S&P 500 benchmark had incremental gains of 1.38%, thus the average equity investor underperformed the S&P 500 by 3.66 percentage points. The good news is that’s better than 2014, in which investors left 8.19 percentage points on the table…
There will be no Weekly Best of the Web next week. But please come back in a couple weeks for more interesting news and articles. Enjoy your weekend!
