Peter Guay

MBA, CFA, Portfolio Manager

Peter joined PWL Capital in 2004 to learn the business from the ground up. After 14 years, many designations and an MBA later, Peter is now a Partner, Portfolio Manager and Financial Planner in the Layton-Guay Team.
Peter joined PWL Capital in 2004 to learn the business from the ground up. After 14 years, many designations and an MBA later, Peter is now a Partner, Portfolio Manager and Financial Planner in the Layton-Guay Team.
Market Research

Do ETFs Cause Market Bubbles?

One of the biggest myths about passive investing is that ETFs and indexing will cause stock market bubbles. The thinking is simplistic: since index funds have to buy all companies in the stock market, they have to blindly buy stocks whose prices have gone up, right? This makes stock market bubbles worse, right?

Market Research
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How rigorous is ESG research?

In my previous blog post, I talked about Environmental, Social and Governance (ESG) investing, why investors are interested and the different ways to implement it in your portfolio. This naturally raises the next question: how rigorous is the ESG research and does it actually differentiate and reward good from bad behavior?

Starting Out
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Passive Investing in 2 Numbers

There are some serious misconceptions about active management and index investing which I’d like to walk through with you today. I’m going to hit you with two really staggering numbers about the US stock market, then explain what each of these data points imply for active and passive investors.

Behavioural Finance
Oxen

What is Market Efficiency and How it Works

This discussion begins in 1906, at the Plymouth County Fair in England. Sir Francis Galton walks by a contest, where participants are asked to guess the weight of an ox. There are over 800 guesses; some from butchers and farmers, and many more from men and women with no expertise to inform their guesses.

Market Research
Montreal Old Port Ferris Wheel Canada

Active vs. Passive Investing

For those of you who’ve been following my videos for a while, you’ll know that I talk a lot about taxes and planning. Now, I’m going to turn my attention to investing, starting with the debate between passive and active investing.

Starting Out
Montreal-BrickMontreal Brick Houses Homes Street Townhouse-Houses-Homes-Street-Townhouse

Should I borrow to invest? Part 2

In my last blog, I spoke about borrowing against your home to turbo-charge your retirement savings. In this post, I’ll go through some of the pitfalls you want to watch out for if you do decide to go ahead with this strategy.

Starting Out
Montreal Red Brick Houses Homes Street Townhouse

Should I Borrow to Invest?

You bought your dream house, you stuck to your mortgage payments and now you have some equity built up in the value of your home. But is there a way to better leverage your assets to improve your bottom line?