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We find investing endlessly fascinating and we share our point of view in our quarterly newsletters - The Scorecard

Join the 600+ others who receive our free quarterly newsletter – “The Scorecard”.   Reading a few of our newsletters is the best way to get to know us and see if GreensKeeper is a good fit for you.  We suggest Scorecard #1 and the most recent edition and as the best places to start.

Recent Publications

Scorecard # 37 – The Golden Rule

The Golden Rule The Value Fund was up +1.2% in Q1. The US dollar lowered our Q1 returns by approximately -1.0%. Markets were downright ugly and despite a rebound in March, most of the major indices ended Q1 in negative territory: DJIA -5.2%, S&P 500 -5.7%, Nasdaq -10.0% and S&P/TSX ...
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Scorecard # 36 – Decennium

Decennium The Value Fund finished the year +20.8% (net). A weakening US dollar lowered our returns by approximately -0.8% for the year. Stock markets ended the year near record highs: DJIA +20.1%, Nasdaq +21.4%, S&P/TSX +25.1%, S&P 500 +27.9%.(1) The past year was GreensKeeper’s tenth-consecutive year of positive returns. Granted, ...
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Scorecard # 35 – Realpolitik

Realpolitik The Value Fund was up +1.3% in Q3 and is up +15.2% year-to-date (YTD) net of fees and expenses. The strengthening US dollar increased our returns by approximately 2.0% in the quarter but has lowered them by -0.5% YTD. As of September 30, the S&P/TSX Total Return Index was ...
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Scorecard # 34 – Bedrock

Bedrock The Value Fund was up +7.2% in Q2 and is up +13.7% year-to-date (YTD) net of fees and expenses. The weakening US dollar lowered our returns by approximately (1.3%) in the quarter and (2.5%) YTD. As of June 30, the S&P/TSX Total Return Index was up +17.3% and the ...
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Scorecard # 33 – Value Returns

Value Returns The Value Fund was up +6.0% in Q1. The weakening US dollar lowered our returns by approximately (1.2%) for the quarter. We lagged the S&P/TSX Total Return Index which was up +8.1% but beat the S&P500 Total Return Index ($CAD) which was up +4.8%. Value stocks are once ...
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Scorecard # 32 – The Other Virus

The Other Virus The Value Fund was up +3.9% in Q4 and finished the year up +0.6%. The weakening US dollar lowered our returns by approximately -4.2% for the quarter and -2.0% for the year. We have two positive things to say about the year 2020: it was our ninth-consecutive ...
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Scorecard # 31 – Giving Thanks

Giving Thanks The Value Fund was up +4.1% in Q3 and is down -3.2% year-to-date through September 30. The strengthening of the Canadian dollar (the Value Fund’s reporting currency) lowered our Q3 returns by approximately -2.0%. A more detailed explanation of our view on currency hedging (and our bias for ...
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Scorecard # 30 – Flashback

Flashback The Value Fund was up +6.1% in Q2 and is down -7.0% year-to-date through June 30. The strengthening of the Canadian dollar (the Value Fund’s reporting currency) lowered our Q2 returns by approximately -3.4%. A more detailed explanation of our view on currency hedging (and our bias for not ...
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Scorecard # 29 – The Bear

The Bear The Value Fund was down -12.3% in Q1 and the major market indices declined even further:              TSX -20.9%, DJIA(CAD) -16.2%, S&P500(CAD) -12.8%.  Along with COVID-19, the bear market has officially arrived.  It seems that COVID-19 pulled a bear market out of hibernation and humanity took its place. Given ...
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Scorecard # 28 – Momentum

Momentum The Value Fund returned +15.9% in 2019 net of fees and expenses and has returned +9.5% net since inception on November 1, 2011.  This past year was our eighth consecutive year of positive returns. The panicked selloff of Q4 2018 now seems like a distant memory as investor mood ...
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