Stan Wong of Scotia Wealth Management is an active money manager who invests based on macroeconomic, quantitative and technical analysis
“I would never want to stay married to a stock or a company because circumstances can change,” says Mr. Wong, a portfolio manager and senior wealth advisor with the Stan Wong Group at Scotia Wealth Management in Toronto.
“That allows them to maintain pricing power and protect their margins. I find this crucial for long-term stability and performance,” says Mr. Wong, who oversees about $600-million in assets. His all-equity portfolio, which includes about 30 to 35 stocks, has returned 25.3 per cent over the past year. Its three-year annualized return is 14.6 per cent, and the five- and 10-year annualized returns are 15 per cent and 15.5 per cent, respectively. The performance is based on total returns, gross of fees, as of Sept. 30.
Amazon is one of those companies we like because it’s in a league of its own. It’s a behemoth and has established itself as a dominant force in e-commerce and cloud services, digital streaming and artificial intelligence to a certain degree. A significant factor contributing to the company’s success is its Prime membership program, which has more than 200 million subscribers worldwide. Prime is more than just a subscription service.
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