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TriDelta Insight
December 2014
Dear reader,
As the year comes to an end, it is a time to celebrate, but also give thought to what the new year holds.

TriDelta has had another successful year navigating the markets and delivering financial solutions. We again thank all our clients for their loyalty and support.

Wishing you a happy and healthy holiday and new year.

Enjoy and be well,

TriDelta Financial

Why TriDelta has been mostly out of Oil Stocks – but that could change
The biggest investment story of the fourth quarter has been the rapid decline in the price of oil.

On September 26th the price of West Texas Intermediate (WTI) crude oil was $95.55.

Asset management
As I write this in mid-December it is $57.42. In less than 3 months, oil has dropped 40%!!

Over the same period, a decent sized Canadian energy name like Canadian Oil Sands stock is down 57%.

Fortunately, at TriDelta we have been significantly underweight energy during the past few months – not to say that we avoided energy completely.
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TriDelta High Income Balanced Fund delivers 15.9% first year return
The TriDelta High Income Balanced Fund was developed to deliver strong results while providing something that many Canadian income investors are missing - diversification. Income Fund
The Fund achieves this through:
  • Institutional investment strategies such as put and call options to lower volatility
  • Leverage on the fixed income portion of the portfolio to increase income
  • Actively investing in foreign exchange, hedging strategies and global bonds
The TriDelta High Income Balanced Fund completed its first year of operations on November 30, 2014 with a very strong return of 15.9% (F-Class shares). Unlike most alternative investment or hedge funds, TriDelta High Income Balanced Fund charges no performance fee and its management / advisory fee is lower than most mutual funds.
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Tips on starting a new business
Starting a new business can be one of the most exciting and life-defining events for those with the courage and fortitude to strike out on their own. The rewards are potentially significant not just financially but in terms of lifestyle and freedom, particularly given the instability of traditional 'employed' careers these days. Omega3

It is not surprising that more people are taking the plunge. In 2011 2.67M people were self-employed, representing 15.4% of the working population (Source: Industry Canada SME Research and Statistics).

However, starting a business is also fraught with difficulty and endless challenges. Navigating the maze of government regulations, legal, tax and accounting issues can be overwhelming and it is vital to get professional support and advice at an early stage.
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Genuine interest
In this fast paced and multi-task world is anyone really listening anymore? With the bombardment of electronic media – it is becoming increasingly rare to find what I call Genuine Interest.

When last did you just sit back without the TV on, no cell phone buzzing or music and just
Genuine Interest
focus on the person with you? This is one way to nurture relationships by really listening and not be distracted by other stuff. If we truly care about others, we should take notice, develop and display 'genuine interest' towards them.

There is a big difference between simply listening to people and listening with deep interest. To show you really care it is important to really listen. Think how good you felt when friends showed a real interest in you and what you've been up to. They look you in the eye, ask questions and really connect. How often do we do this to others?
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Be healthy - take an Omega 3 supplement
Omega 3 fatty acids are polyunsaturated fatty acids that are essential nutrients for health. An essential fatty acid, means is cannot be manufactured by our own body and therefore must be obtained through our diet alone.

It is highly recommended by many doctors, psychologists, cardiologists and
rheumatologists because of the strong scientific evidence and its many benefits. Here is a list taken directly from MedlinePlus, which is health information from the US National Library of Medicine:
  • lowers blood triglyceride levels
  • reduces the risk of heart attack
  • reduces the risk of dangerous abnormal heart rhythms
  • reduces the risk of strokes
  • slows the build-up of atherosclerotic plaques
  • lowers blood pressure
  • reduces stiffness and joint tenderness associated with Rheumatoid arthritis
Omega-3 fish oil supplements may also help improve or prevent the following:
  • Alzheimer's disease and dementia
  • depression
  • heart disease
  • cancer
  • arthritis
  • diabetes
  • hyperactivity
  • ADHD
What's particularly fascinating about omega 3 fatty acids is that both conventional and alternative medicine agree on its many health benefits.
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Claire's viewing pick
Timothy Spall has to be one of my favorite character actors of all-time and Mike Leigh likewise as a director. And the combination of the two together instantly drew my attention to the movie 'Turner' on my recent visit to England.

The film explores the last 25 years of the painter J.W. Turner (1775-1851) who is considered by many to be a genius and Britain's greatest painter.

The movie covers Turner's desire to stretch the boundaries of art and paint the world as he saw it.

Turner movie
Like many of his ilk, Turner had a troubled life that found him wrestling with his demons and at the same time producing masterpieces that have been said to revolutionize the way we see the world.

As his landlady in the movie states, "The universe is chaotic but you make us see it". But, as in all good stories, life is not all about smooth sailing for Turner as he was both celebrated and reviled by the public and Royalty.

The movie features a great supporting cast of characters that add richness and substance to the story including the importance of his relationship with his landlady.

Spall's portrayal of Turner is riveting and may even surpass his outstanding performance in 'Secret' and 'Lies' and as Churchill in the 'Kings Speech'. Spall's is already garnering awards as best actor at Cannes this is sure to lead him towards Oscar consideration.

Mike Leigh meanwhile has created a masterpiece similar to that of Turner himself.

This is a must see, when it comes to your local movie theatre starting December 19th 2014.

By Claire Corrie, Director, Client Service.
Claire's reading pick
Sweet Tooth
by Ian McEwan

Anyone that has read Ian McEwan's book 'Atonement', or seen the movie, know how skillfully this writer can play with our emotions as he explores the frailties that exist both in people and in society.

Sometimes we do things we cannot explain and also we regret but regardless we are stuck with those decisions. Such was the case with the tormented couple in McEwan's painful but beautifully written short novel 'On Chisel Beach'.

Sweet Tooth
Ian McEwan's latest novel 'Sweet Tooth' falls into a slightly different category as it is a bit lighter read but none-the-less, entertaining and intelligently written.

Set in the cold war post 1960's in England it explores how one's impression of what is going on in the world can be manipulated and exploited. As a character in the book states, "the line between what people imagine and what's actually the case can get very blurred. . . . You imagine things -- and you can make them come true."

The book is narrated by an ambitious and smart young woman, Serena, who takes us on her journey from being a member of the typing pool of MI5 to becoming an agent in a clever espionage plot codenamed, 'Sweet Tooth'.

Central to the plot is a relationship and love affair that she has with a writer who has no idea who Serena really works for. One senses that McEwan himself is not too far removed from being that writer. As she gets deeper into the plot she has difficulties separating her personal and professional loyalties and when things start to unfurl she grasps at trying to keep both intact.

A well written, fun and thought-provoking read and definitely a bit more cheerful than McEwan's most recent novels.

By Claire Corrie, Director, Client Service.
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For more information about TriDelta Financial and our services please visit us online at
Tridelta Financial - Toronto
Tel: 416-733-3292 ext. 221
2 Sheppard Avenue East, Suite 205
Toronto Ontario M2N 5Y7
Tridelta Financial - Oakville
Tel: 905-901-3429
146 Lakeshore Rd. East, Suite 200
Oakville, Ontario L6J 1H4