Adam. I wish your channel was around 30 years ago ( i know you were a kid) . I started investing with a large firm in 96. Just $3000 to help a friend out starting their career. I kept up with a monthly investment and my friend got out of the business in a year and went into banking. I really didn't think much of it for years.... i only looked at it as a way to reduce my taxes via RRSPs. When I retired i was able to cash out some of my accumulated sick leave. It was only then when i realized how important those investments were. I really appreciate what you're doing because you empathize starting early and educating us. I wish i knew then what i know now ( yes i stole that from a Bob Seager song) . Im older now but still running against the wind. FYI my investments have doubled over that 30 years compared to what ive contributed but I've been risk adverse. If only i gad paid more attention over the years id be much better off. But im doing fine thanks to my pension. Younger folks..listen to Adam and his crew. They actually want you to do well!!!!
This video is so good! Risk capacity is something I’ve never heard of before. I’m retiring in 2 weeks at 42, as an income investor, and have tweaked my strategy for the rest of the year now. Thank you!
I learned all about risk capacity during the 08/09 meltdown, and lost over 50%. At least I was young enough and it was for the long term. I don't know how I would have survived if I was the same age I am now or in retirement. I'll never forget the low on the S&P - 666. Can't make this up.
I'm self employed. I have good years, and bad years. My first really good years were 2006 and 2007. 2008 was a huge learning experience. In hindsight I'm glad it happened when I was still young. I learned a lot.
Thanks Adam, excellent video, as usual. Glad to hear about CIRO I am going to take that test right now. I was actually trying to figure out what you call risk capacity a while ago, I did not have the terminology and I did not know how or where to go with that idea. I have a feeling that this is going to be really helpful for me. CHeers, a.
I've reported them on several videos PW has put out. It's a shame as it really ruins a good channel like this. At least they aren't using the suggestive avatars that you see on some videos.
I would call it a rotation in money in the market not a down market because it depends what your investments are in. A lot of tech and some blue chips are down but the big money is rotating money over to the small caps because the small caps have been been Beaton down they can’t go any lower. All the big money is piling into small caps as this is not a crash just a rotation of money.
I always weigh risk reward and know they can't rig the stock market higher forever like they couldn't suppress the price of gold and silver forever. The safest trade is short the American dollar. Win or lose I would never touch the U.S. stock market at P/E ratios that are grossly understated. The stated P/E ratios are 20 but the true P/E ratios are in the thirties and the Russell 2000 the P/E ratios are right off the chart. If I need to gamble I'll gamble my money elsewhere.
Hi Adam, I decided to move some of my BCE shares from my RRSP to my TFSP because the price is down and I can move more shares . Does this sound prudent ?
Somehow the street is betting on a Trump victory which according to them will push interest rates higher. Bell and all utility stocks will get thumped in price if Trump wins the election. Conversely the stock market should rise if he wins but utilities and long term bonds at least short term would do the worst.
They own TSN and this was the first year ever on record they didn't televise the North America Cup race on their channel so they must be hurting. The Blue Jays aren't doing that well either.
We have heard a lot of criticism of the financial planning industry as they charge a high fee for managing assets. You promoted your firm as the “independent” financial planner. After we pay you thousands of dollars…now you are saying we should go to Steadyhands or some other management company and pay them a fee. I can only hope that when you made the plan you factored in their fee. Disappointed.
Financial planners don’t manage investments - investment managers do. And I’m not sure what you’re disappointed about. If you want financial planning done by a professional, you have to pay. Same if you hire an investment manager. They both have to put food on the table like the rest of us. It’s your responsibility to ensure any fees are reasonable.
