John DeGoey CFP, Toronto Financial Advisor


Toronto Portfolio Manager John DeGoey of Burgeonvest-Bick Toronto

John DeGoey, Articles by John

As both a respected practicing advisor and as compelling advocate for consumers, the media frequently approaches John for his view on financial matters. Here are a few recent articles where John’s input has been featured.

Role of the Media

Whether on BNN, in The Globe and Mail or in The National Post, John is one of the most quoted financial advisors in the country. People want to know what he is doing for his clients and how they might be able to apply similar principles for themselves.

Email John DeGoey, CFP for more information or call him at 1-416-216-6588.


Thoughts On Canada’s Retirement System

Over the first quarter of 2015, I’ve been updating my clients’ retirement projections. Over the course of the exercise, it struck me how different the prevailing assumptions are today compared to, say, a decade ago. The decisions being encouraged now would have been considered heretical only a few years ago….

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A Full Suite of ETF’s

For years, some people have lamented the painfully slow rate at which Canadians embrace Exchange-Traded Funds (ETFs). Given the events of 2006, I think it’s fair to say the Candaian ETF market has hit its stride…

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A Novel Approach

In an attempt to gain (or to at least retain) market share, some mutual fund companies have taken to increasing the trailing commissions paid to advisors once DSC schedules near expiration. The idea is that since MERs are unchanging, why not pay out higher amounts to advisors once the high cost of the up-front commission has been amortized…

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Advice not Products

The business of giving financial advice is ridiculously fragmented in the eyes of many (including yours truly). Many people who want to give advice get into the business and are subsequently regulated, not on the basis of the advice they give, but on the products they are licensed to sell…

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Advisor Trust

At one time, financial advice usually came folded into another service, sometimes in the form of suggestions from a tax accountant, more frequently in the form of stock tips offered by a broker-dealer. Often, it was good advice. At times, however, it was conflicted, because moving particular products sometimes took precedence over doing what was right for the client…

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Advisor Worth

What do financial advisors not want their clients to know? There’s a new book out there advisors should be aware of. It’s only a matter of time before they encounter clients who have read it or a review like this one…

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Akin to Lottery Tickets – Past performance does not predict future outcome

Maybe it’s just me, but I can’t help but chuckle at the silliness of some supposedly serious mutual companies and the way they promote their products…

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An IPS in Action

If you’ve been following my comments since I started writing for MoneySaver, you’ll know that I’m a proponent of using Investment Policy Statements to guide ongoing portfolio decision-making. To date, I’ve only spoken with one person who has implemented an IPS without the assistance on an advisor…

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An IPS Part 2

As we saw last month (April 2005) using an IPS is about process. When writing Investment Policy Statements to guide ongoing portfolio objectives and decision making, there’s a real sense of purpose. The management of anything, including a portfolio, is best done by focusing on those things that you can control…

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An IPS Part 3

Over the past two months, we’ve looked at asset allocation from a theoretical perspective. We’ve looked at defining the asset classes, setting out the target percentage weight for each and then product selection…

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Beware Those Who make MPT Promises

Modern portfolio theory (aka “MPT” and pronounced “empty”) is the cornerstone of contemporary investing. The basic premise of MPT is that diversification is the key to portfolio design. That’s because different asset classes often move into different directions and having a number of them in your portfolio can significantly reduce the risk of having everything in your portfolio going up or (especially) down at the same time…

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Buffett

We analyze the performance of Berkshire Hathaway’s equity portfolio and explore potential explanations for its superior performance. Contrary to popular believe we show Berkshire’s investment style is best characterized as large-cap growth…

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Canadian ETF Market Matures

The new year brings both good news and bad news for Canadian investors who want to use exchange-traded funds (ETFs). At least that’s the way most industry observers see it…

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Corporate Bafflegab

If the 1960s were the decade when big tobacco had to come to terms with the mountains of scientific evidence that their products are addictive and carcinogenic and this is the decade when big oils to come to terms with the mountains of evidence that CO2 emissions contribute to climate change…

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DFA Comes to Canada

About a year ago, perhaps the best money management firm people have ever heard of came to Canada. In that short span, they have already gathered over $150 million in retail client assets…

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Differentiating Exchange Funds from Mutual Funds

Exchange Traded Funds (ETFs) are a staple investment tool for a wide spectrum of investors, both individual and institutional. They are utilized to execute traditional strategies – from completing asset allocation policies to cash equitization…

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Efficient or Not

One of the great debates in the financial services industry surrounds the notion of market efficiency. For over forty years since Eugene Fama wrote his doctoral thesis positing that markets are sufficiently efficient that it is improbable that a manager can reliably add value over a long time frame…

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Exchange – Traded and F Class Funds

After reading John’s Book,
The Professional Financial Advisor
, Dale wrote in his testimonial: “Increasingly, consumers are seeking real value from their financial advisors…”

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Facts Evasion

History is full of examples where people in a position of power refuse to acknowledge scientific evidence because it suits them not to. In the fullness of time, society often comes to recognize not only that these empirical explanations exits, but that they also have considerable merit…

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Fee Query Protocol

Stephen Covey, the author of
Seven Habits of Highly Successful People
, has made a good part of his reputation by getting people to focus on things that are genuinely important rather than those that are merely urgent…

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Getting Advice

A practical guide to personal financial advice. Finding the right financial advisor and advice that works for you…

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One Set of Rules, Please

The business of giving financial advice is ridiculously fragmented in the eyes of many (including yours truly). Many people who want to give advice get into this business…

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Passive Style Diversification

People who use actively managed investment products are well aware that not all products are created equally. Specifically, the managers running a mutual fund can be top-down or bottom-up in their approach or investment style…

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Price Chopper

There’s an intriguing attribute about the financial services industry that is seldom discussed. Unlike other business that provide either goods or services, the business of providing financial services seem somewhat immune to price competition…

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Reasonable Assumptions

Financial planners, moe than conventional brokers or investment counsellors, are generally interested in helping clients get a handle on how much money will be required to maintain a certain quality of life in retirement…

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SPIVA Las Vegas

The debate between the relative merits of active and passive strategies has waged for some time now. Often it is waged with journalists and academics taking the passive side and advisors taking the active side…

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The Active-Passive Debate: Bear Market Performance

We often hear of the benefits active equity management can provide during periods of market stress. One familiar point is that an active manager can alter a portfolio’s makeup to invest in defensive stocks or cash to protect against, or benefit from, an impending or ongoing bear market…

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The Next Step in ETF Development

Earlier this year, I wrote about how the Canadian market for Exchange-Traded Funds (ETFs) had matured. In a footnote to the article, I mentioned that a new entrant, Claymore Investments, had to distribute products in Canada…

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Tipping the Scales

Some of the exclusive advantages mutual funds traditionally enjoyed over exchange traded funds – automatic investment and withdrawal programs – no longer exist…

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Two Decisions – Protecting the Value of Advice

So much of the “value proposition” of financial advice depends on perspective. There’s a general consensus of what things cost (more or less), but there’s no real consensus on what things are worth…

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We’re Like Egyptians

While reading Thomas Homer-Dixon’s fascinating and terrifying book
The Upside of Down
, I came across an assessment of his that struck me as an insightful comment on human nature…

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Whither Materiality

The question of meaningful professional disclosure can be addressed in a number of ways. The most obvious way is to comply with the letter of the regulation…

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John DeGoey CIM, CFP, Fellow of FPSC™, Portfolio Manager & Market Commentator

There are many in the investment industry who are uncomfortable with John’s view that capital markets are highly efficient and that it is improbable that any one person could reliable outperform as a result of security selection, market timing and the like. Nonetheless, the clear consensus found in verifiable evidence supports this position is correct. This commitment to evidence-based research sets John apart from many other commentators.

John’s investment philosophy is based on the idea of maximizing long-term, risk-adjusted, client-specific, after-tax and after-cost returns. There’s a lot that goes into portfolio design and management and John aims to maximize results while still respecting the individual preferences and perspectives of his various clients.