Mann Wealth Management, Toronto, ON (2026)

05/08/2025

Warren Buffett announced that he will be stepping down as CEO of Berkshire Hathaway at the end of 2025.

The 94-year-old has had one of the most successful long-term investing careers of the century, delivering a total return of 5,502,284% from 1964 through the end of 2024—an average annual return of 19.9% over his 60-year tenure.

At Berkshire Hathaway’s annual shareholders meeting yesterday, the company reported a new record high in cash reserves, reaching $347 billion. Class A shares are up 19% year-to-date trading near all-time highs at $809,000.

Do you think will deploy that massive cash pile before Buffett is done?

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03/31/2025

Investing based on political preference typically led to underperforming the S&P 500 over the long run. (1961-2023)

If you had an initial $10,000 investment in the S&P 500 starting in 1961 and only kept it invested during Democratic administrations, you’d have $500,476.

If you had an initial $10,000 investment in the S&P 500 starting in 1961 and only kept it invested during Republican administrations, you’d have $102,293.

If you had an initial $10,000 investment in the S&P 500 starting in 1961 and left it untouched over those 62 years, the investment would be worth $5,119,520...

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03/17/2025

Canada’s main stock index and all the major U.S. indices declined in February as risk-off sentiment dominated the market due to several bearish narratives. Concerns about growth and stagflation arose from softer economic readings, while uncertainty around U.S. President Donald Trump’s trade, immigration, tax and Ukraine policies added to the market’s unease. February consumer confidence saw its biggest decline since August 2021.

Canada’s benchmark index was 0.5% lower in February, as seven of its underlying sectors were negative during the month. The loss was led by information technology and health care, falling 3.6% and 2.3%, respectively. Utilities was the best-performing sector, with a 2.8% gain. Small-cap stocks, as measured by the S&P/TSX SmallCap Index, fell 2.4% for the month.

The U.S. dollar depreciated 0.6% versus the loonie in February, lowering returns of foreign markets from a Canadian investor’s standpoint. U.S.-based stocks, as measured by the S&P 500 Index, fell 1.2% in February. Four of the benchmark’s underlying sectors were in the red during the month with consumer discretionary falling 9.2%. International stocks, as measured by the FTSE Developed ex-US Index, gained 1.6% during the month, while emerging markets were up 0.5%.

03/16/2025

Companies with the most cash on hand led by Warren Buffett’s Berkshire Hathaway at $334 billion. Here’s the rest of the list:

1. Berkshire Hathaway: $334 billion
2. Amazon: $101 billion
3. Google: $96 billion
4. Toyota: $88 billion
5. Meta: $78 billion
6. Samsung: $76 billion
7. Taiwan Semi: $74 billion
8. Microsoft: $72 billion
9. Saudi Aramco: $69 billion
10: Alibaba: $62 billion
11. Apple: $54 billion

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02/04/2025

Please see our Monthly Market Snapshot for January.

Equity markets were generally weaker in December, although the limp into the end of the year was not enough to tarnish what was a stellar year for stocks. The rally in 2024 was driven by a positive backdrop of resilient economic activity, robust corporate earnings growth, and easing monetary policy by global central banks. Canada’s main stock index recorded a gain of 18% - its best year since 2021, while the S&P 500 achieved its second consecutive year of 20%-plus performance for the first time since 1998. In CAD terms, the index soared 34.4%.

The S&P/TSX Composite Index was down 3.6% in December but rose 3.0% in the year’s final quarter. Five of the benchmark’s underlying sectors were positive in Q4. Leading the way was the information technology sector, which posted a gain of 22.1%. Small-cap stocks, as measured by the S&P/TSX SmallCap Index, eked out 0.1% for the quarter and a 16% gain for the year.

The U.S. dollar crushed the loonie in Q4, jumping 6.4% and strongly boosting the returns of foreign markets from a Canadian investor’s standpoint. U.S.-based stocks, as measured by the S&P 500 Index, rose 0.2% in December and finished the quarter higher by 8.7%. Consumer discretionary and telecommunication services led the gains, with respective returns of 21.5% and 15.7%. International stocks, as measured by the FTSE Developed ex-U.S. Index, fell 2.2% during the quarter, while emerging markets lost 0.5%. These benchmarks were up 9.8% and 19.4% on the year, respectively.

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01/14/2025

The end of TikTok in the U.S. may be near.

The app faces a potential shutdown on January 19th if the Supreme Court upholds a law requiring its sale by its parent company.

The Supreme Court inclined to do so, per the AP.

With 170M U.S. users, TikTok has become one of the most popular social media platforms in the country.

Does this mean it’ll vanish from your phone?

Not exactly.

The app would be removed from app stores, preventing updates and gradually degrading performance over time.
The Supreme Court’s final decision is expected in the coming days.

If TikTok gets banned, advertisers will likely shift their dollars to other platforms, boosting competitors in the space.

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01/13/2025

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Top 10 unicorn’s current valuations. Elon Musk leads SpaceX to a $350 billion dollar valuation along with xAl at $50B.
OpenAl, the company that released ChatGPT, has grown 10x its valuation from $14B to $150B since 2021. Here’s the full list:

1. SpaceX: $350B
10. Fanatics: $31B

Which do you think will be leading this list in 2025? Follow for & related content.

01/12/2025

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Best performing stocks in the S&P 500 for the year of 2024 led by Alex Karp’s Palantir. Here’s the rest of the list:

1. Palantir ($PLTR): 340%
2. Vistra ($VST): 261%
3. Nvidia ($NVDA): 171%
4. General Electric ($GE): 150%
5. United Airlines ($UAL): 135%
6. Axon Enterprises ($AXON): 130%
7. Texas Pacific Land Corp ($TPL): 115%
8. Broadcom ($AVGO): 110%
9. Targa Resources ($TRGP): 110%

Who did you think will lead the in 2025?

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12/20/2024

Please see attached the Monthly Market Snapshot for December.

Equities staged a broad-based post-election rally in November. The S&P/TSX Composite Index closed out the month at an all-time high as it recorded its fifth consecutive monthly gain. The S&P 500 also ended November at an all-time high and posted its best monthly performance of 2024.
Canada’s benchmark index was 6.2% higher in November, as eight of its underlying sectors were positive during the month, led by a 28.2% gain for information technology. Telecommunication services was the worst-performing sector, with a 7.1% loss. Small-cap stocks, as measured by the S&P/TSX SmallCap Index, rose 2.5% for the month.

The U.S. dollar appreciated 0.5% versus the loonie in November, increasing returns of foreign markets from a Canadian investor’s standpoint. U.S.-based stocks, as measured by the S&P 500 Index, rose 6.3% in November. All the benchmark’s underlying sectors were in the green during the month with consumer discretionary and financials rising 13.9% and 10.8%, respectively.

12/07/2024

Historic annual returns since 1988 for the Russell
2000. The average annual return since then comes out to
10.87% with dividends.

Here’s the returns by year:

1988: 22.3%
1989: 14.2%
1990: -21.6%
1991: 43.7%
1992: 16.4%
1993: 17%
1994: -3.2%
1995: 26.2%
1996: 14.8%
1997: 20.5%
1998: -3.5%
1999: 19.5%
2000: -4.2%
2001: 1.2%
2002: -20%
2003: 46.8%
2004: 17.4%
2005: 4.2%
2006: 18.27%
2007: -1.7%
2008: -34.1%
2009: 28.5%
2010: 26.9%
2011: -4.3%
2012: 16.7%
2013: 38.7%
2014: 5.1%
2015: -4.4%
2016: 21.5%
2017: 14.5%
2018: -11.1%
2019: 25.3%
2020: 20%
2021: 14.5%
2022: -20.5%
2023: 16.8%

The Russell 2000 is currently +19.68% with 3 weeks left in the year.

Where do you think the will finish the year?

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11/28/2024

October was a turbulent month for stock markets, but broadly, equities managed to eke out gains from a Canadian investor’s perspective. Third-quarter earnings season for S&P 500 companies is in full swing, and results have been generally positive, although guidance has been cautious. Look for continued market volatility in November, with the election and geopolitical headlines taking centre stage.

Canada’s benchmark S&P/TSX Composite Index was 0.7% higher in October, as five of its underlying sectors were positive during the month, led by a 4.8% gain for energy. Real estate was the worst-performing sector, with a 6.0% loss. Small-cap stocks, as measured by the S&P/TSX SmallCap Index, rose 1.3% for the month.

Mann Wealth Management

05/08/2025

03/31/2025

03/17/2025

03/16/2025

02/04/2025

01/14/2025

01/13/2025

01/12/2025

12/20/2024

12/07/2024

11/28/2024

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