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in si de ha lto n. co m O ak vi lle B ea ve r | T hu rs da y, M ar ch 28 ,2 01 9 | 4 2525 Old Bronte Rd., Suite 470 Palermo Professional Centre, Oakville (at Dundas Street) www.bhandaridental.com Dr. Vineet BhanDari BSc DIH DDSBSc DIH DDS Bring in your family for a check-up at our new moDern clinic ce 1Since 1984BhanDari familyDentistry ❖ Porcelain Veneers❖Crowns and Bridges ❖ Teeth Whitening❖ Restorations❖Composite Resin ❖Dental Implants❖ Laser Dentistry❖ Periodontist on site We deal directly with your Insurance Company. Call to book your appointment or consultation. 905.825.5110 newPatients &Dental emergencieswelcome For more information 905.847.1413 www.vistamere.ca Serving the Oakville community since 1987, Vistamere was designed with the active senior in mind. We offer a worry free lifestyle with a community feel. • Large Patio Suites • 24 Hour Supervision • Planned Activities • 3 Meals A Day • Daily Maid And Laundry Service • Quiet Suburban Setting • Adjacent To Mall OAKVILLE'S PREMIER RETIREMENT RESIDENCE For more information, please call: 905-847-1413 380 Sherin Dr., Oakville ( Third Line & Rebecca) www.vistamere.ca Sound investment strate- gies are based on long-termgies are based on long-termg realities, not short-term fads. Unfortunately, human na- ture can make speculating and guessing too resistible to refuse. In reality, investing is not guesswork. Over the years I have had the opportunity to listen to Nobel laureate Eugene Fama speak at investment confer- ences. Many regard Prof. Fa- ma as the person who has contributed the most to mod- ern-day finance. According to Prof. Fama, there is one robust, new idea in finance with investment implications maybe every 10 or 15 years, whereas the in- vestment industry seems tovestment industry seems tov create a new marketing idea every week.every week.e We all know that fadsWe all know that fadsW come and go. In recent years there has been a lot of specu- lation with cryptocurrency. That hype diminished with the focus on marijuana stocks. Think long-term. Yes, there will be future fads, but how do you predict the what and when of the next hot idea? If you are fortunate enough to make money on a fad investment, how do youfad investment, how do youf translate that lucky guess in- to future profitable invest- ments? The global capital market is made up of trillions of dol- lars with an infinite number of variables that affect the value of specific stocks.value of specific stocks.v Prof. Fama believes the best proxy for the value of a stock is the price of that stock. There are decades of evi- dence supporting the futility of attempting to predict which stocks will out-outper-which stocks will out-outper-w form.form.f There is strong logic and evidence to inform us thatevidence to inform us thate stocks provide higher long- term return than bonds. Use that knowledge. If you want to own stocks, then the driving factor should be diversification. Own hun- dreds or thousands of stocks, not just a few. Use knowledge, be an evi- dence-based investor. Peter Watson is an agent of, and securities products are provided by, Aligned Capital Partners Inc. (AC- PI). ACPI is a member of the investment Industry Reg- ulatory Organization of Canada (IIROC) and the Canadian Investor Protec- tion Fund (CIPF). The opin- ions expressed are those of the author and not necessari- ly those of ACPI. Peter Wat- son provides wealth manage- ment services through Peter Watson Investments. AVOID INVESTMENT FADS OPINION SOUND PRINCIPLES TO FOLLOW, WRITES WATSON PETER WATSON Column