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Kevin O'Leary's action plan

Investors of all stripes are grappling with the uncertainty of the Canadian market, but Kevin O'Leary from CBC's the Dragons' Den already has a very comprehensive plan in play. He shares it with CREW, although it doesn't stop there. Check out the September issue of Canadian Real Estate Wealth for an in-depth interview with the celebrated venture capitalist, who also reveals his five hot spots in the domestic housing market.

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Video transcript below: 

Crew TV: Kevin O’Leary, the entrepreneur turned TV personality knows how to make money, especially in the real estate industry. The seasoned investor knows when to hold tight and when to jump ship. In the face of rising interest rates, he exclusively tells Crew TV, how he is planning to manage his assets and debts. Listen up investors, there are many lessons to be learnt from O’Leary’s insight into the market.

Kevin O’Leary: I don’t have a crystal ball, but I will tell you the way I am positioning my money. I am making the assumption that between 2014 and 2017, we will have 200 basis points of rate increase in that period and all of my portfolios have been adjusted accordingly. So I have reduced the duration of my fixed income assets, down from 9 years to under 5, because they will affect it least.

I have sold all of my government debt, I sold all my provincial debt, all my sovereign debt. I wouldn’t buy Ontario bonds today or Quebec bonds or Alberta bonds. These are completely mismanaged provinces in terms of their fiscal discipline and so they have to get their financial house in order.

I am anticipating another bond downgrade in Ontario, governments don’t care as far as I can tell. So if you have this remarkable transition where the sovereigns which used to be safe money are no longer the safe money. They are getting downgraded. It’s the corporations operating in the sovereigns like in Ontario, they have triple A debt.

So I would rather invest in the balance sheet of a well managed company than the chaos of a government that’s running the provinces. And that is a real shame for Canadians because we need to get our government in order. It’s whether you look federally or provincially or municipally, Ontario is a great example of all 3 of those, it’s chaos.

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