www.bradbrainfinancial.com | site map | contact us
Brad Brain Financial Planning Inc.
Manulife Securities Incorporated
Manulife Securities Insurance Agency
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www.bradbrainfinancial.com | site map | contact us Brad Brain Financial Planning Inc. Manulife Securities Incorporated Manulife Securities Insurance Agency |
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The Brad Brain Charitable Foundation
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" To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insight, or inside information. What's needed is a sound intellectual framework for decisions and the ability to keep emotions from corroding that framework" - Warren Buffett |
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About Us What We Believe
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Our
investment philosophy: Our goal is to create long-term wealth for
our clients by growing their money at a superior rate while preserving
capital and minimizing taxes. We do this by following a well-proven and
disciplined investment philosophy of buying excellent businesses in strong,
long-term growth industries and holding these investments for the long run
We offer the following products through Manulife Securities Incorporated, Manulife Securities Insurance Agency and Brad Brain Financial Planning Inc.:
Investments, TFSAs, RRSPs, RESPs & RDSPs - Mutual Funds - Stocks and Bonds - Flow through Limited Partnerships - Segregated Funds - High interest Savings Accounts - GIC's - Exchange Traded Funds
Life & Living Benefit Insurance - We offer a wide range of term, whole, universal life, and long term care products to suit your specific insurance needs - We offer disability insurance and critical illness insurance to protect you from the financial repercussions of accident or illness - We develop group insurance and benefit plans for employers - We offer a selection of health insurance coverage for those without employer group plans - Travel Insurance that you can buy online
Education, Tax and Estate Planning - We utilize Registered Education Savings Plans and in trust accounts for your children and grandchildren - We offer tax planning to help you keep more of what you make - We offer estate planning to ensure that your estate is distributed in the way that you want with the least amount of expense and delay
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What We Believe There are many theories on how to create and preserve wealth. Some of these theories can be quite effective. At lease for a while. But when it comes right down to it, there is only one methodology that we have full faith in – Value Investing. |
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“To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insight, or insider information. What’s required is a sound intellectual framework for making decisions, and the ability to keep emotions from corroding that framework.” -Warren Buffett |
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“Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.” -Warren Buffett |
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Chose the right heroes Warren Buffett is the richest person in the world. He didn’t acquire his wealth by gambling on some long-shot ideas, or by exploiting some third-world labor force, or by manipulating some tax-loopholes. In fact, he may very well be the most respected, most honest, most ethical capitalist that has ever lived. He’s also made more people millionaires, and billionaires, than anyone else on the planet. From 1965 to 2004 the Standard and Poors 500 Index compounded at an average annual rate of 10.4%. Buffett’s Berkshire Hathaway compounded at an average annual rate of 21.9%, with only one down year. Clearly, outperforming the benchmark by 11.5% over an extended period of time is impressive, but to truly put the magnitude of this feat into perspective consider this: during this time the total returns of the S&P 500 was 5,318%. Berkshire Hathaway’s total return was an astronomical 286,865%. Buffett’s mentor was a man named Benjamin Graham. Graham developed an investment philosophy designed to shield investors from substantial error and teach them to develop long-term investment strategies. Graham’s book “The Intelligent Investor” outlines these timeless principles, which are just as real and relevant today as when they were first published in 1949. Buffett calls the Intelligent Investor “by far the best book on investing ever written.” Value Investing Defined In simple terms, value investing involves determining the intrinsic value of an enterprise, and then buying the investment at a discount to its true net worth. We are looking for good businesses at good prices, and we are not willing to compromise on either aspect. From this simple definition several principles arise: 1. Own Great Business If a business is doing well and is managed by people with integrity, intelligence, and energy, it’s inherent value will ultimately be reflected in its share price. 2. Build Concentrated Portfolios Many investors are over-diversified. This leads to a dilution of the quality of investments, with too much capital tied up in poor investments and not enough in the really good ones. We prefer to find a fewer number of great investment ideas and to take meaningful positions rather than resorting to our second or third best ideas. Approximately 25 businesses are adequate to give diversification to a properly constructed portfolio. Adding more than that does not materially increase the benefits of diversification, but it does increase the detrimental dilution factor. 3. Invest in What You Know Some investors will make an investment without really understanding why they would want to invest in a business, or even just what it is that they are investing into in the first place. This is a folly. We want to know a business inside and out. It is knowledge that allows us to avoid risk. 4. Ignore the Stock Market Investment decisions should reflect an opinion of the long-term prospects for a business, not the short-term prospects for the stock market. The stock market is a tool that can be used for our advantage, it is not the arbitrator of our client’s well being. As Buffet says, “As far as I am concerned, the stock markets doesn’t exist. It is only there as a reference to see if anyone is offering to do anything foolish.” 5. Employ a Margin of Safety
The key to successful investing is the
purchase of shares Warren Buffett made reference to this in his 1989 annual report, calling it a “double dip”. This visual reference shows how buying a stock below its intrinsic value can have two benefits. (1) the long term gains in intrinsic value that the companies have achieved; (2) the additional gains as the market corrected the prices of these companies, raising their valuations in relation to those of the average business 6. Be Patient Many of history’s great investors have suggested that the key to their success lay not in what they did, but rather in what they did not do. They did not yield to their emotions or to the pressure to follow the crowd. Instead, they focused on the business they owned and watched as their value compounded over time.
Implementation There are different ways that we can implement these ideas. We are always on the lookout for good ideas ourselves. We also team up with other like minded individuals, such as Charles Brandes with Brandes Investment Partners, Ned Goodman with Dynamic Mutual Funds, and Peter Cundhill with Mackenzie Financial.
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Brad Brain and Manulife Securities Inc. are in no way related to Warren Buffett and Berkshire Hathaway Inc. The opinions expressed are those of the author and may not necessarily reflect those of Manulife Securities Inc.
The information contained herein is for Canadian residents only and does not constitute an offer to sell or a solicitation in any jurisdiction in which Manulife Securities or its Advisors are not appropriately licensed or registered or where any Product of Service is not eligible for sale. Details are available on request
Brad Brain and Manulife Securities Incorporated and Manulife Securities Insurance Agency do not make any representation that the information in any linked site is accurate and will not accept any responsibility or liability for any inaccuracies in the information not maintained by them, such as linked sites. Any opinion or advice expressed in a linked site should not be construed as the opinion or advice of Brad Brain, Manulife Securities Incorporated and Manulife Securities Insurance Agency. The information in this communication is subject to change without notice
Commission, trailing commission, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
There are a number of risks associated with an investment. Investors should refer to each Partnership's offering documents for details. Important information about this offering is contained in the prospectus relating to this offering, a copy of which should be obtained from the agents or the offices of designated subagents. You should review the prospectus carefully, and consult your Advisors, including tax Advisors, before making an investment decision. This material does not constitute an offer to sell or a solicitation to buy any security. Such an offer can only be made by prospectus
nsurance products and services are offered through Manulife Securities Insurance Agency (a licensed life insurance agency and affiliate of Manulife Securities) by Manulife Financial Advisors licensed as life agents.
This material is not to be construed as an offer or solicitation. The securities mentioned may not necessarily be considered suitable investments for all clients. Contact you Investment Advisor to discuss your individual investment needs.
Manulife Securities and the block design are registered service marks and trade marks of The Manufacturers Life Insurance Company and are used by it and its affiliates including Manulife Securities Incorporated and Manulife Securities Insurance Agency.
The information in this communication is subject to change without notice.
Manulife Securities Incorporated is a Member CIPF
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Brad Brain Financial Planning Inc. Manulife Securities Incorporated Manulife Securities Insurance Agency Suite 101 9705 100 Ave Fort St. John, BC V1J 1Y2 Phone: (250) 785-1655 Fax: (250) 785-1650 Email: Brad Brain, Financial Planner Meagan Mueller, Executive Administrator |
in
good businesses when market prices are at a large discount to underlying
business values for any variety of reasons. As Peter Cundhill says, “I
am looking to buy a dollar for fifty cents.”