I see the rising interest rate as a very big problem, as more investors will definitely pull out more money from the Stock market. This might have worked when I was still invest-ing with a couple thousand dollars, but it is more difficult now to decide whether to pull out more than $365k from my port-folio. I know some inves-tors still make that despite the strong bear market. In wish I could pull that feat
I think the whole thing about holding stocks for long term will always apply. So I think you should get a quality broker who is able to analyze and pick stocks that will do well in the long term, else you will be in a long bear ride.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a broker, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Consider this, dear reader: We have a government that either inherited their wealth, created it in the private sector (when you could start a business in Canada without the burden of skyhigh housing or mass immigration, or anti-business government policy), or in real estate- that are now creating policies that make those same paths for wealth creation outright impossible or twice/thrice as difficult and risky. WHILE AT THE SAME TIME, allowing foreign/overseas individuals, whom were able to create wealth abroad with far less government intervention and tax burden, pour into our most productive cities and compete on things like housing, and healthcare (of which they have contributed little or nothing to) Just think about that. As a Canadian you are being forced to operate in a middle class bubble, but are being subjected to a sick social experiment in which you are handicapped against someone who did not incur the same financial obstacles. If it wasn't already obvious, it should be now. There is a deeply nefarious force pulling the strings. It is not incompetence, It is intentional and its only getting worse.
The biggest drag on investment right now is the housing crisis. It’s not taxes on the rich. If you want to get young people to start innovating or opening start-ups, they need to have housing costs that are far far less. You fix housing, you fix innovation. All of the big American start ups came from one place - garages in single family homes. I get the wealthy are upset about this tax - but let’s be honest, before this tax existed nothing was particularly productive. We just have monopolies using their profits to buy out competition.
@@saretsky I’ll disagree . We’re at the point with capitalism where almost all the money is getting funnelled to the top - and once that happens the entire economy fails to function. To make capitalism sustainable you need some form of wealth redistribution. And I think it’s better that the government start stepping in now to fix it, instead of leaving it for all the people priced out of housing and food to destroy the system entirely. I get the wealthy don’t like this move - but if things continue on this way, they’ll likely end up with a lot less.
Also poor ppl start blaming immigrants and that's exactly what the wealthy want.. while your busy distracted. They make new rules and make millions , also keeping you busy at the same time by working more and kissing more ass.
Im a sound engineer and shure microphones are the sturdiest out there. The problem is you use the mic with a USB cable and not an XLR cable. The cable sucks not the microphone.
I’m glad your guest mentioned labour, as an electrician I refuse to work on any projects in the major cities because I disagree with their politics and I almost exclusively travel for work now and do projects I agree with. And I promise you this I actively recruit other really good trades workers to my sites exclusively from Vancouver and Toronto (I purposely take the best and offer sometimes up to double what they make, and they get no stress and work a lot less on the job). I’m not getting everyone one but I’m doing my part in order to make it even harder for them to hit any targets they have. Why am I doing this? The lulz. Great show and disappointed I couldn’t be in Toronto on time to meet up with Rich and the Boomer.
It is really Sad what's going on in this Country. As an immigrant One big difference I see between US and Canada is, in U.S they celebrate success but in canada you are now Greedy/Rich and Evil! keep the convo going boys, great job!
Great videos. I had a really hard time finding this video from some of your shorts. Suggest linking the long form video in your short videos. Also. Your thumbnails should show the face of your guest speakers. Great videos keep up the good work.
You guys should build a timer/counter Everyday day we don’t make the aggressive target of 64 houses . Add it onto the next day it will be a clear indication of how we can’t build 3.9 million houses by 2031
Loved this episode guys, but feel there's a bit of echo chamber happening. What would be interesting to hear is a conversation with someone who is supportive of current fiscal and industrial policy ( is there such a person?). The differing perspective may at least be a sense check if not just purely entertaining.
The real estate industry has hardly corrected after a 40% spike during a pandemic. People are heavily leveraged to their homes. The US 2 yr treasuries are fighting to push above 5%. A very large number of Canadians need to renew their mortgages. And nobody has money to invest into productive sectors in Canada. The only sector that's making hand over fist is the Oil sector. Oh right, that's the sector Justin is trying to kill. And the only other sector growing is the public sector. And no growth comes from that sector. In fact, they are a drag on growth. All I see is a decade of very slow growth going forward from here. And a long correction in the real estate sector.
The CO2 tax is not more of a market mechanism than income tax. Foisting a tax on something in the market doesn't make it a _market mechanism_. The efficacy of markets is in price discovery. There is no price discovery for CO2 - the government centrally plans the CO2 price. It's a charade.
I would rather have the people paying the capital gains tax build/fund the housing themselves (as individuals or groups) with those taxes; rather than have the government build. The government will waste the taxes collected.
Give us a breakdown of what countries get all that $54B interest our governments (assume that is feds plus provs ? ) owe, and better yet to what corporations within those countries ????? This zit is real big and it is gonna pop in our sleep !!!
You guys often ridicule any measures by government to curb oil and gas emissions. On this Earth Day what would you recommend governments do to address climate change and extreme weather?
..."when half of the people get the idea they do not have to work bcuz the other half is going to take care of them, and when the other half gets the idea it does no good to work bcuz somebody else is going get what they work for, that my dear friend is about the end of a nation." John Gault/Ayn Rand
I am 50 years old and also feeling frustrated and confused as to why it seems Canadians are constantly being disincentivized when it comes to being successful and productive. Is it part of the “own nothing and be happy”, “everyone is special… no one is special” agenda, incompetence, or stupidity? Stop digging, get out of the way, and allow people to reward themselves for producing in their working years in order to reward their future selves, and by default, the Canadian economy. The idea of just covering interest payments is unsustainable and absolutely insane for both the household and governments!
I think the issue here is that they are trying to avoid the economic downcycle through sheer spending. It's insane.... the healthy flushing out of excessive risk is being prevented.
Canada bond buyers will demand greater yields if inflation takes back off. That's why the BOC can't cut in June. Too much risk of a tanking CAD against USD pushing inflation back up. Once FED gets more dovish then BOC can consider cutting.
Why does anybody think any tax is ok it’s theft plain and simple if they couldn’t threaten you with arrest prosecution who the hell would pay these goofs to waste our money
You guys are getting awesome guests on the show! Thank you for being one of the few to talk about Canadas situations. What’s the deal with the US and everyone claiming the sky is falling? Can you guys get another American finance guy on the show to talk about their situation vs Canada?
What about bonds? That topic was introduced but not addressed beyond “mullared”. Please address next time what someone should do with a large allocation of bond indexes in their rrsp who is down fifteen percent in the last few years. Could there be a reversion to the mean and an eventual bounce back when interest rates become lower? Asking for a friend. Thank you!
Great show and guest! I recently visited family in Halifax and was impressed by the amount of building going on in the HRM. From what I understand, developers are very sensitive to interest rates and labor costs; materials obviously respond to pricing pressures and pass them on, so yes to Robert’s point - debt servicing, inflationary costs and the softening dollar are going to strangle productivity and housing construction. The cap gains tax is the nail in the coffin, in my opinion.
Small potatoes, I have since the budget made two changes to this years financial plan. 1- a small commercial building I own and was going to sell with perhaps a 275k gain, will not go to market. I live on ALR land on The Island I was going to build an accessory dwelling for a family member no now. I will be evicting a long time tenant regretfully since a family member will live there prob No capital gains. There will be more like me
Shure makes some of the best drivers but they can’t make a cable to save their lives. If they use a modular cable, it’s best to go look for a higher quality aftermarket cable. Null Audio is a solid manufacturer, been using them with my SE215 earbuds for a year and no issues unlike the Shure OEM cables that undoubtedly have issues by now. As for the budget, get out of CAD and vote these clowns out next year.
The Carbon Tax is not to provide any 'benefit' for Canadians Rich.... it is very clearly a 'consumption' tax designed to reduce usage of the target commodity being Fossil Fuels.... a commodity which prior to implementation of the Tax I do not believe Canadians fully understand the ramifications therein of lifestyles/standards of living so completely intertwined/facilitated by the cheap energy Fossil Fuels provide? The absolutely disasterous consequences therein of the Carbon Tax on the Canadian fabric so reliant upon Natural Resource deleopment just now becoming plainly obvious.
That capital gains tax exemption change would backfire big time. Be ready for more job losses and speculators will hold on to their properties. Hopefully that budget doesn't pass, but I feel like the NDP will vote for it.
@@quantifiablyqorrect2905 Dont worry soon it will be. And you dont have to believe me watch the recent Joint conference of Jerome powell and Tiff Macklem. Tiff was so hesitant in saying they will hold rate whereas Jerome powell sounded way confident saying they will hold rates. This signals to me that CAD is going to be sacrificially Lamb if BOC cuts rates and FED doesnot.
Not sure my comment disappeared probably it could have been boader line investment advice. But I would say this letting the housing market crash will have it own consequences and saving it will have its own consequences.
The 30 amortization for 1st time buyers is only for new construction for CMHC insured mortgages. Which will not move the needle for 1st time Buyers as I don’t know any builder that will take less than a 20% deposit on new construction
No fan of the Liberals, but a wealth tax is overdue. The loopholes, the ability to 'hide' money, split incomes, incorporate etc HAS NOT contributed to a productive economy. The super rich just buy up assets, and 'rent' them to workers. We used to be much more productive and much more equal before all the deregulation -- after the war to the 80's. Inequality is killing this country. I don't hear any solutions from the investor class, but rather doomsday scenarios if they have to pay more tax. Check out Gary Stevenson--former City bank trader. He explains it well.
Robert Asselin looks exactly like Gale Boetticher, the Chemist from Breaking Bad - its uncanny (Gus Fring's backup Chemist pet project) Great episode guys.
2 things re: energy come to mind. Missed opportunity? Also, has the province of Quebec hamstrung itself with its ideological enviro policy. The provinces that are interested in participating in this market are currently being hamstrung by those very enviro ideologues. I have a sense an abrupt change may occur.
Guaranteed the government creates a problem like, increase capital gains and later 6-8 months later makes a solution thats not the right fix. Same idea like housing 🤣
Excellent guest on the Loonie Hour. David Dodge also spoke about this debacle of the Federal Budget! He raised many red flags. This budget penalizes Canadians that have worked hard to succeed.
