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We’ve all made dumb mistakes with our savings over the years. But one of the biggest mistakes investors make is doing nothing at all.
Over the last couple of years I’ve met an awful lot of folks who are sitting on large sums of cash. Some of these people used to be fully invested, but they got spooked and liquidated their portfolios—some have even been on the sidelines since the 2008-09 crisis. Others have sold a house or a business and are suddenly flush for the first time. In both cases, they tell me the idea of moving that cash into the markets is as appealing as jumping naked into the frigid ocean. And so they do nothing.
This may not seem like a grave mistake: after all, a savings account never goes down in value. But that’s ignoring opportunity cost: the returns you give up when you fail to implement your investment plan. A simple balanced portfolio such as the Global Couch Potato (40% bonds and 60% Canadian, U…
La Mancha to acquire 30% stake in Endeavour Mining in strategic partnership
– canadianbusiness.com
La Mancha is a private investment company headed by its chairman Naguib Sawiris — an Egyptian businessman who provided some of the funding for the launch of Wind Mobile as a competitor to Canada’s largest wireless carriers.
Endeavour says the partnership puts it in line to produce 580,000 ounces annually from five operations in western Africa, including in Cote d’Ivoire where the Ity open pit mine is located, 480 kilometres northwest of the capital Abidjan.
“We are pleased to welcome La Mancha and Naguib Sawiris as our long term strategic partner with the shared vision of building a leading, Africa-focused gold producer,” Endeavour chief executive Neil Woodyer said in Monday’s announcement.
Vancouver-based Endeavour will issue 177…


