Opportunity

ANKLE modified

What just happened?

Relief, in a word. After the worst yearly start ever for markets, billions of people came to this pathetic blog, read about the cauliflower scare, moist Millennials, marital angst, hormonal overloads, Vancouver specials and realtor math, and decided their lives compare fabulously. And so, they said, let there be buying.

Also playing a role was news the dudes controlling China will rescue stocks there, that the European Central Bank will pony up piles more stimulus money and that a lot of people thought crude at twenty-six bucks was a joke.

Oil, said Citibank in a big report, is the trade of the year. Forget all that stuff about drowning in supply and no-nuke Iranians pumping their little hearts out. “There will be an initial wave of supply from Iran, but once that’s done, it will be flat and I think that’s when you start seeing opportunities for oil to turn,” the firm’s analyst told Bloomberg. “Part of the reason oil is the trade of the year is because it’s going to have such a broad affect, it’s going to take a lot of asset classes up with it.”

Oil lost 17% of its value in less than three weeks and slid to a 12-year low, as commodities in general plunged to 1999 levels. This, logic tells us, was nuts. In the past decade and a half the global economy has expanded, energy consumption increased, plus there are 1.5 billion more people along with untold numbers of new cars and energy-sucking devices. The world still needs copper, aluminum, grains and oil. We have not been in a general recession, and yet the price of stuff we use continuously cratered. Canada, as well.

So on Thursday Bay Street’s main index shot higher by 3% with big advances in New York, too, while oil literally exploded – ahead the better part of 9%. So where from here?

Citibank says the bottom will emerge in a month or two – “when investors should be looking for the opportunity to get in.” Of course, trying to time the market for a volatile commodity like oil is nothing short of gambling. Long-term investors won’t actually care if they bought into the ailing TSX today, next month or in July.

But I did hear from Jen’s advisor after the closing bell. Because she freaked out and went to cash in order to avoid losses, she lost $6,000 on Friday.

“I tried to tell her,” he said. “And she accused me of self-interest. Some days I hate this job.”

$ $ $

Let’s finish a tumultuous week by making me feel better, which I sorely need since my faithful Bandit went under the knife yesterday. He and I both now have a fine collection of titanium screws and plates in our legs.

Well, here’s Emil who credits this feminist blog (T2 would be so proud) with quelling his babe-inspired house lust.

“I recently almost purchased a 400k house in a move that would have wiped away my 65,000$ savings and put me into deep debt with the possibility of a leaky roof at any time. My dearly (pregnant) beloved girlfriend is 25 year old and can certainly put loins on fire. Which isn’t conductive to rational thinking.

“However, the second I set foot in the house upon our first visit, your bearded face appeared in the clouds, just like Mufasa’s in the Lion King. I heard your words resonate in my head… “What are you doing here, you moron? You read the pathetic blog. You know better, Simba.” I shook the agent’s and as I tallied the renovations I’d have to put in the first five years: at least 25,000$. I thanked her and said good luck.”

And in YVR, Paul’s a nice guy even if he has a thing for cats.

“I e-mailed you last year about being a Vancouver couple with 2 good incomes and a moldy rental suite looking to live a better lifestyle by spending more on housing and wondering if purchasing is the way to do it. Understandably we’ve declined to buy in favour of finding a better rental and padding those savings accounts like crazy.

“The true love of my life are the furry little cats we have. Today we got the bad news that the youngest one needs surgery. Other that the sadness about his well-being and suffering it also comes with a $3000 price tag. Not that I could ever put a dollar amount on their lives, it was still a kick to the gut. However living within ones means allows me to have more than enough in a cash emergency account. I hate to think what this situation would feel like if we were making $3K payments against a mortgage and had little to no cash savings, as would have been the case if we bought last summer.

“We still intend to own a place sometime if a time presents itself when it’s a good financial decision but for right now the importance of having enough liquidity to manage emergencies is not lost on me. Not that you need to hear it, but your message does reach people and does tangible good.”

Bandit’s new bionic leg cost three grand, too. And a big, sore hunk of my heart.

BANDIT modified

283 comments ↓

#1 Jimmy on 01.22.16 at 5:37 pm

Please explain picture because I’m stupid.
Ankle collar for what reason?

Use your imagination. — Garth

#2 pathcontrolmonk on 01.22.16 at 5:38 pm

Get well soon Bandit!

#3 wayne2yergarth on 01.22.16 at 5:39 pm

good looking samoyed?

#4 bill on 01.22.16 at 5:40 pm

Hi Garth!
Sorry to hear of Bandits predicament.
hope he has a speedy recovery.
adele and bill

#5 Bram on 01.22.16 at 5:40 pm

So what’s that top pic?
A convicted lady with house arrest?

#6 Redcurlygirl on 01.22.16 at 5:42 pm

Thanks for being the voice of reason yet again over the past few crazy weeks. Glad I listened to you 8 years ago and rented when we moved to Cowtown…might go on a spending spree now with all the extra that we have tucked away. And give a hug to Bandit for being in “the cone of shame” ..poor guy!
Plus…first?!?!

#7 Editrix on 01.22.16 at 5:42 pm

Saw this acronym the other day – a variation on a YUPPIE.

If one spouse loses a job or stays at home, you’re a SITCOM. Single income, two children, oppressive mortgage.

#8 Goofy 2 Shoes on 01.22.16 at 5:42 pm

Looks like the lady has an anklet for *special* reasons.

#9 Jimmy on 01.22.16 at 5:44 pm

Ohhhh. Both shaved legs.
I thought Bandit was male.
So the top pic is a Tranny?
Or both are?
I’m so confused.

#10 lifeisgood on 01.22.16 at 5:44 pm

Cauliflower crisis !
http://www.cnbc.com/2016/01/22/5-a-head-the-great-canadian-cauliflower-crisis.html

#11 Leo Trollstoy on 01.22.16 at 5:47 pm

barrick is trash. just like gold

http://www.financialpost.com/m/wp/blog.html?b=business.financialpost.com/news/mining/barrick-gold-corp-shares-are-sinking-this-morning-after-warning-of-3-billion-writedown

#12 Leo Trollstoy on 01.22.16 at 5:50 pm

get better bandit!

#13 Blogbitch on 01.22.16 at 5:51 pm

God love ya, Garth. I’m not exactly sure I’d call this blog “feminist”, but perhaps “equal opportunity knowledge building”?

Here’s to titanium bits and the furry creatures we love. Long live Bandit.

#14 David Stanley on 01.22.16 at 5:53 pm

I just got a cauliflower here in Nanaimo, BC, for $2.50. Let the good times roll!

#15 NoName on 01.22.16 at 5:53 pm

off topic, but good to know

“As the survey reveals, female “orange” cats (tortoiseshells, calicos, and torbies), female black-and-white cats, and female gray-and-white cats all tend to be more aggressive towards humans during everyday interactions,”

http://www.iflscience.com/plants-and-animals/your-cats-fur-color-linked-its-aggressiveness

Meow

#16 MoneyDriven on 01.22.16 at 5:54 pm

Feel better bandit. Thanks for your blog Garth

#17 Heisenberg on 01.22.16 at 5:54 pm

Here’s some solid money advice for Paul:
There’s lots of free cats on Craigslist. Time for a new one.

Here’s some solid money advice for Garth:
Everybody loves a three-legged dog. Builds character.

#18 Canadian on 01.22.16 at 5:55 pm

#1 Jimmy on 01.22.16 at 5:37 pm

That is because she is under house arrest or parole.

#19 Ontario's Left Coast on 01.22.16 at 5:55 pm

Let Jen’s story be a cautionary tale for everyone. As painful as it is, you just have to tough out the down times. While it’s a certainty the volatility isn’t over, I’m really glad I nibbled with some fresh cash earlier in the week.

#20 Darryl on 01.22.16 at 5:55 pm

Any more injuries and Bandit will look full Poodle. What was the injury?

#21 waiting on the westcoast on 01.22.16 at 5:59 pm

Is what they mean when they say the house always wins???

Happy to hear that Bandit will soon be able to catch the fastest rabbits and cats.

#22 R Kaputnik on 01.22.16 at 6:00 pm

Garth,
We hope Bandit recovers quickly and has very little discomfort.
Mike & Evelyn

#23 Panhead on 01.22.16 at 6:01 pm

Kind of risque today … Bandit’s showing a lot of leg there …
Wish him Godspeed in his recovery …

#24 M on 01.22.16 at 6:02 pm

Babes aren’t usually conductive to rational thinking. They were designed for something much different.
Claiming that they could or should be is like finding solace in bail outs and QEs.

if ever..

:)

#25 tex on 01.22.16 at 6:02 pm

Please tell me Bandit wasnt hit by a leased Audi…

#26 Jim Brown on 01.22.16 at 6:03 pm

Sorry to hear about Bandit..hope he gets better soon…

#27 prairiegopher on 01.22.16 at 6:03 pm

I think things on the stock exchange improved because glam boy was out of the country. Everyone was speculating on him signing a contract with some high shot singing dude and never returning.

#28 Andy on 01.22.16 at 6:06 pm

Hope Bandit makes a speedy recovery!

Enjoyed your BLOG (as always) today and I, for one, am looking forward to hearing Bill M’s. upcoming budget speech. I can only hope for lots of infrastructure investment and more specifically, infrastructure repairs and ready-to-go construction projects that will put a fast and substantial cash injection into the economy!

#29 Josh in Calgary on 01.22.16 at 6:06 pm

Here’s to our pets. People who don’t understand cannot be convinced by a blog post.

Spent $1000 trying to save my dying cat. Didn’t think it would work, but still felt like the right thing to do.

Spent $3000 fixing my young dog’s leg. 6 years and counting of not having to watch her in pain. Best money ever spent.

#30 hope & ruin on 01.22.16 at 6:07 pm

I bet the pretty lady with the excessive ankle bracelet would make for one helluva night…and an even better story.

#31 not 1st on 01.22.16 at 6:07 pm

Congratulations Garth you have made people too scared to purchase a reasonable primary residence and now too scared to procreate. The entire economy is based on family spending in mid life. Teenagers are broke and boomers and fossils are tight as a drum. I guess veterinarians will be better off.

#32 Shirley valentine on 01.22.16 at 6:08 pm

Out on the prowl. Where can I get my hands on that smokey man..alien beast that he is.

#33 Retired Boomer WI on 01.22.16 at 6:14 pm

Ouch! Bandit! Well, the surgery is done, and you are on the road to recovery now!

Thank Goodness for a plump emergency fund! Whether for your pet, yourself, helping a friend who just can’t “afford” whatever emergency they are facing. It IS good to have at least 10 large available at any time. Well, that’s how I roll anyhow.

Money allows choices! We need never to forget it.

Market recovers a bit more. Yes, there could still be more down side, in fact I am counting on it! Need to wisely put that cash raised back to work. Nibbled a bit today some preferreds were still off quite a lot.

Jen might get her opportunity to re-enter yet, but her gut will tell her she was wise to flee!! We all have done it.

I see the lady’s great leg in tonight’s picture has a strange device near the ankle.
Clueless…pedometer, or… jerk detector, or monitoring device?

The dude needs be careful the ‘jerk detector’ might just go off…

What next…

#34 ole Doberman on 01.22.16 at 6:16 pm

Is bandit sueing?
Whats the neck thing for

#35 Mrs. Potato on 01.22.16 at 6:18 pm

Hey Garth,

Sad to hear about Bandit, but glad he’s okay. I hope he heals quickly.

You saved me and my husband from purchasing an overpriced condo here in Victoria. So glad we have no debt and have a healthy portfolio. All thanks to you!

#36 Deb on 01.22.16 at 6:21 pm

It shows that the market has the attention span of a gnat. And it means that what is out of favour – in this case, oil – is favourable.

Best to Bandit, Garth. Loyalty swings both ways, especially during a difficult time.

#37 acdel on 01.22.16 at 6:24 pm

With that new bionic leg them squirrels do not stand a chance.

#38 The Great Gazoo on 01.22.16 at 6:26 pm

“I tried to tell her,” he said. “And she accused me of self-interest. Some days I hate this job.”

I think Jen’s advisor should do him or herself a big favour and refer Jen to another advisor.

#39 Doug t on 01.22.16 at 6:28 pm

Poor poochie –

As to an upward tick in markets – I will wait and see – China is going to devalue the yuan between 10 and 30% before end of the year – that is going to BIG

#40 April. on 01.22.16 at 6:31 pm

Best wishes to Bandit and Paul’s kitty.

#41 Penny Henny on 01.22.16 at 6:32 pm

#237 TurnerNation on 01.22.16 at 3:05 pm
FORD = Found on Road Dead.
////////////////////////////////

But if it is Rob Ford
FORD= found on road drunk!

#42 tundra pete on 01.22.16 at 6:33 pm

Garth, all the best to Bandit, you and the misses. Also to Paul’s cat as well. May the weekend be quiet and peaceful for healing!

#43 Chris in Nanaimo on 01.22.16 at 6:33 pm

#14 David Stanley
“I just got a cauliflower here in Nanaimo, BC, for $2.50. Let the good times roll!”

And gas finally dropped below a Loonie here…..although I hear it’s below 95c further south on the Island. I’ll be filling up in Duncan tomorrow as I pass through.

And a very pleasant 10 deg today…..

How’s the weather over in Toronto?…….

#44 Jeff D on 01.22.16 at 6:34 pm

Doctor-pharma industry ties examined in ’embarrassing’ report

http://www.cbc.ca/news/canada/british-columbia/doctor-pharma-industry-ties-report-1.3394539?cmp=rss

#45 Russ on 01.22.16 at 6:35 pm

#1 Jimmy on 01.22.16 at 5:37 pm

Please explain picture because I’m stupid.
Ankle collar for what reason?

Use your imagination. — Garth
=========================

We have enough information.

It is Smokie’s daughter on a weekend pass, looking for her Dad. She needs a few grand.

Cheers, Russ

#46 mitzerboy aka queencity kid on 01.22.16 at 6:36 pm

git well soon bandit

#47 sockeye sam on 01.22.16 at 6:37 pm

Oil’s hooped. That’s why the Rockerfellers sold all their oil holdings and are completely out.

“Follow the money”

“The drums of war are beating”

#48 Sheane Wallace on 01.22.16 at 6:37 pm

At least she/Jennifer will sleep well. You can’;t put a price on that.

On oil: let’s wait and see. 32 $ with the dollar strengthening is not a bargain price historically. 15-20 $ is.

The markets are still overpriced historically and defensive position will lot hurt.

Focusing on one day of gains after 3 weeks of carnage is NOT a good idea, hard to get credibility with that.

#49 Sheane Wallace on 01.22.16 at 6:38 pm

The markets are still overpriced historically and defensive position will not hurt.

#50 TurnerNation on 01.22.16 at 6:42 pm

Photo credit SM at Seneca? Or an ersatz blog dog?

#51 conan on 01.22.16 at 6:43 pm

Garth shows up at 2:20

https://www.youtube.com/watch?v=_X60BeTw9Pw

#52 Nodebt on 01.22.16 at 6:47 pm

#32 Shirley &@$%# valentine
Shirley is smokingman married? U Godam home wrecker! Freedom first is available but there will be
Conditions……

#53 Penny Henny on 01.22.16 at 6:49 pm

Let’s finish a tumultuous week by making me feel better, which I sorely need since my faithful Bandit went under the knife yesterday. He and I both now have a fine collection of titanium screws and plates in our legs.
///////////////////////////////////
Well Garth at least i know now that you are a caring human.
Love Bandit while you can. Take him on sleigh rides like he did for you when you fell down

#54 Mike on 01.22.16 at 6:53 pm

It’s just an animal. I would have invested the 3 grand into a balanced portfolio.

Animals are just like houses, emotional wastes.

And you said that, why? — Garth

#55 Nanaimo Bar on 01.22.16 at 6:57 pm

# 14 David Stabley
“I just got a cauliflower here in Nanaimo, BC, for $2.50. Let the good times roll!”
———————————————————–
You got ripped off. I just paid .99c for a huge one. They must have changed the sign when they saw you walking in the door. Mr money bags. Did the clerk mention to you that they take USD at par and give you back change in Canadian.

Awwwwww. Sorry to hear about Bandit.

MF

I want to hear Damnit Janet talk before I make my call on Canada on March 18, 2016. And yes, it is very painful trying to weave around her riddles. I also want to see some oil stockpile reports as well.

Sorry MF

#56 Rexx Rock on 01.22.16 at 6:58 pm

A fellow co-worker gave me advice years ago which I totally regret.He said buy a lot,build a house as cheap as you can and live in it then flip after 2 years for 10 years to build equity.Then keep building and flipping houses and that’s how you become a millionaire.He was so right.

#57 We're not out of the woods yet on 01.22.16 at 7:00 pm

Try as Chinese central planners may to rescue their stock market with yet more draconian measures, I don’t see how that solves the problem of DEMAND. China has been the world’s growth engine for the past decade, but now her unprecedented expansionary phase is for all intents and purposes, over; They’re no longer pumping out ghost cities, just to tear down the empty buildings after 5 years and rebuild them. So, where will the new demand to fill that void come from? Before you quote the 6.9% GPD number, it’s worth pointing out that many economists don’t believe China’s GPD numbers, as in, they are simplymade up numbers. Even if you believe the official numbers, they are still in decline YoY.

As far as this small rebound in oil is concerned, whether it is being caused by Draghi’s jawboning of more stimulus to come, shorts covering, speculators getting in, etc… One would be well advised to consider that the fundamentals haven’t miraculously changed this week, and that oil may in fact have a lot lower to go, and may stay low for a lot longer than most bulls believe.

Sorry to hear about Bandit, Garth… Hope he has a speedy recovery.

#58 Ruskie Ryan on 01.22.16 at 7:13 pm

Is it time to rebalance a little heavier into Maple? Too soon?

#59 Daisy Mae on 01.22.16 at 7:17 pm

“Let’s finish a tumultuous week by making me feel better, which I sorely need since my faithful Bandit went under the knife yesterday. He and I both now have a fine collection of titanium screws and plates in our legs.”

********************

You can’t leave us hanging. Out romping in the bush….? Don’t tell us HE slid on the ice in your driveway?! Poor Bandit….

#60 Felix on 01.22.16 at 7:20 pm

And after you spent $3K on Bandit, guess what?

He’s still a dog!!

#VetFail

No wonder you humans are such easy prey for realtors :(

#61 Interstellar Old Yeller on 01.22.16 at 7:23 pm

Hugs, Bandit! Get well soon. And now is the time to use sad puppy eyes to get maximum peanut butter treats and hugs. ;)

Jen – great market timing! $6,000 in foregone recovery today? OUCH.

#62 Bobs ur uncle on 01.22.16 at 7:23 pm

#56 Rexx Rock on 01.22.16 at 6:58 pm
A fellow co-worker gave me advice years ago which I totally regret.He said buy a lot,build a house as cheap as you can and live in it then flip after 2 years for 10 years to build equity.Then keep building and flipping houses and that’s how you become a millionaire.He was so right.

****

Funny story: a guy I know moved to Calgary a couple of years ago with a plan of buying houses, tearing them down, and building up million dollar versions in their place. Last I heard he didn’t go ahead with the plan as he thankfully saw the writing on the wall in time. But he hasn’t been able to find any construction work otherwise for six weeks. The RE giveth, and the RE taketh away.

#63 A Canadian Abroad on 01.22.16 at 7:26 pm

Another reason why oil went up so much in the past 2 days:

“A large driver of the rebound in prices over the last two days has been short covering, buying back barrels sold previously at a higher price, as investors take advantage of the lowest prices since 2003. Short positions in the U.S. oil futures and options markets had doubled in three months to record highs of more than 200 million barrels in the week to Jan. 12. Data late on Friday showed that some bearish traders had begun taking profits even before the rebound, with short positions falling in the week to Jan. 19.” – Rigzone

#64 BS on 01.22.16 at 7:26 pm

Sheane Wallace on 01.22.16 at 6:37 pm

At least she/Jennifer will sleep well. You can’;t put a price on that.

$6000 for one good nights sleep? Then followed up by how many sleepless nights as the market recovers and leaves Jen behind?

#65 Westcoast on 01.22.16 at 7:29 pm

Get well soon Bandit. You are extremely cute even with a cone on your head.

#66 tkid on 01.22.16 at 7:30 pm

Best wishes to Bandit. Get well soon!

#67 Investorz on 01.22.16 at 7:31 pm

If you have a strong gut, having no mortgage allows you profit from stock panics and invest in large-caps now paying 5% dividend 20% down from their highs.

If you have a mortgage your cash flow is going to aging walls and you can only watch the show.

#68 Freedom First on 01.22.16 at 7:32 pm

Looks like she is in a Casino, so smoking Man would probably know what the bracelet is. I don’t frequent casino’s, but my guess from the looks of her is it could be a meter.

#69 Dee on 01.22.16 at 7:32 pm

Awww, Bandit. I hope he has as swift a recovery as possible.

#70 Murphy on 01.22.16 at 7:33 pm

#54 Mike
You are a sick puppy.
Hoping Bandit is up and running in no time.

#71 raisemyrent on 01.22.16 at 7:33 pm

what a cutie. space dog!
don’t forget to get pet insurance, all blag dawggers. our beast of a dog has already justified the premiums for the rest of his life.
people in Vancouver still seem to blame the chinese for prices being high. I said, that’s like Chevys costing 250k because Ferraris cost 250k (and it’s the rich people’s fault). I said, they would only cost 250k if people were stupid enough to: accept that they are worth that, and pay it. The room went silent for a moment after I explained that. Different demographics from what I normally report on, hence my confirmation bias there.

#72 Retired Boomer WI on 01.22.16 at 7:37 pm

#54 Mike

“It’s just an animal”……

Yes, and my wife is just an animal, so am I.
So are our three cats, 2 19 years old, one 15 years old.

We spend enough on Vet and MD. bills every year. Good thing that portfolio has been keeping us in the custom to which we have grown accustomed. It’s only money, too…

What was your point again, Mike?

#73 Daisy Mae on 01.22.16 at 7:41 pm

#29: “Spent $3000 fixing my young dog’s leg. 6 years and counting of not having to watch her in pain. Best money ever spent.”

*************

And yet, horses and other livestock are euthanized for such injuries at the drop of a hat…weird.

#74 Charlie X on 01.22.16 at 7:41 pm

Who is Bandit?

#75 Lead Paint on 01.22.16 at 7:42 pm

Who got better healthcare Garth, you or Bandit?

He was in surgery the same day. I waited three weeks. — Garth

#76 IKnow on 01.22.16 at 7:43 pm

If Paul had owned a detached Vancouver house for the last 5 years, then the yearly appreciation of at least 10% will make a $3k expense just like a little pinch.

Seriously, go to any half decent chinese restaurants in vancouver and look around.
Dining out is not cheap, easily at least $20 per head.
Yet the restaurants are packed in popular nights, how come?
Because there are tons of paper multi millionaires.
Sure many have not cashed out yet, but they are reaping the psychological benefits at least.
Spend a few hundred dollars for a meal with extended family is No Big Deal, thanks to the dirt they own.

#77 Sebee on 01.22.16 at 7:45 pm

A cauliflower story if I may.

Today wife took a Food Basics flyer to have the price of cauliflower matched. She got that sucker for 1.79. Used to use price match for big ticket items. Times have changed!

And just like that the value of cauliflower has taking a beating. Like oil.

#78 Imalwaysright on 01.22.16 at 7:45 pm

Jen may have made a smart move.We will see if European banks start failing and EU falls apart.Credit crunch to follow.

#79 Cici on 01.22.16 at 7:49 pm

Awww, poor Bandit…what did he do? Did he want to be just like Daddy?

Is it the same leg? Hope he recovers 100% and swiftly!

He sure is one cute dog! And lucky he has an owner who takes such great care of him.

Read a heart-breaking story today of a man who hurt, abused and killed his dog, as well as another animal. I can’t even fathom how anyone can be so cruel. If anyone has the stomach to read about it:

https://ca.news.yahoo.com/man-killed-pet-dog-because-110106547.html

I think such murder charges should apply.

#80 Rich Young on 01.22.16 at 7:50 pm

At what point do we realise that all those buying at these high prices will continue to do so no matter how many people lose jobs in Calgary? Prices have hardly budged. People are still buying. I’m getting angry. I’m close to giving up on the idea that a home will some day be affordable as there will always be someone with more money to outbid my family. Money will remain cheap forever as they want us to just like Japan and everything to be expensive and the general public to be miserable.

#81 Warren - the lagging indicator on 01.22.16 at 7:51 pm

“Not exactly. No Lib MP can be pro-life, for example. That’s a democracy-killer, no? Where’s the diversity of opinion and tolerance of others in such an edict? T2 has also decided to use gender as a qualification for advancement over ability. Seems draconian. Or is it okay to muzzle and control when you’re morally superior?” — Garth

==–==

Would someone who considers them-self a leftist or socialist please respond to this, in regard to T2 governance thus far, with some thoughtful prose addressing the point rather than the typical sophomoric “Oh yeah but….” or the condescending deflection “there are bigger issues to deal with such as …” and please, do not berate me or equate me to Hitler for asking… thanks. I am like a delicate little flower emotionally. Consider it a thought experiment to expand your mind, it just might make you a better person.

#82 Sebee on 01.22.16 at 7:52 pm

#1 Jimmy

Maybe it’s just a thing naughty girls wear to be cool?

They sell it on Amazon to Amazons.
http://www.amazon.com/OFT-210-Bracelet-Tracker-Patients-Offenders/dp/B00NUGGTO2/ref=sr_1_1?ie=UTF8&qid=1453510291&sr=8-1&keywords=house+arrest+ankle

#83 crowdedelevatorfartz on 01.22.16 at 8:02 pm

Ah yes. The dreaded pet cone.
Some animals fight “the cone”. Some just accept it. Had a friend that had a dog that would wrestle, squirm, paw, whatever to avoid that fricken cone.
The vet told him”put it over his food bowl, when he eats….tie the string”
Problem solved.

#84 common sense on 01.22.16 at 8:03 pm

Get well soon Bandit!

Spring will soon be here.

#85 old gringo on 01.22.16 at 8:05 pm

For those of you that are not familiar with
“BAD GIRL JEWELLERY”,
This beats her carrying a .38 special on her ankle.
Personally, I think it’s hot.
She’s a player, and that ain’t playing lotto.
ps…..she’s short CDN!

#86 Love my Kia on 01.22.16 at 8:06 pm

My best wishes for Bandit’s speedy recovery, from me and my (meow) kitty Bambi.

#87 crowdedelevatorfartz on 01.22.16 at 8:07 pm

Apparently “ankle bracelet probie” is allowed to go to casinos………..?

#88 Warren - the lagging indicator on 01.22.16 at 8:14 pm

Mark- “Basically, in such an environment, risk premia on mortgage debt will likely blow out, and there will be a significant race to repay CAD$-denominated debt.”
==–==

Hey Mark, since both sides of the Canadian real estate debt balance sheet are internal, and therefore both held in Canadian dollars, how is it that the massive demand for Canadian dollars to repay this debt would decrease the money supply and be deflationary, thereby increasing the Canadian dollar. Would it not be more likely that the multi trillion dollar daily foreign exchange market’s perception of the Canadian economy, coupled with the relative interest rate differential outlook, is the primary driver in setting the value of the Canadian dollar?

#89 Love my Kia on 01.22.16 at 8:14 pm

Does Bandit pick up satellite with that thing on his head?

#90 rower on 01.22.16 at 8:16 pm

Lots of love to Bandit and Paul’s cat. Sending healing energy to all.

To those who can’t understand the love between pet and human, you are to be pitied.

#91 Estrella on 01.22.16 at 8:17 pm

T2 superstar.
http://www.theglobeandmail.com/opinion/mr-trudeau-goes-to-davos/article28348066/?click=sf_globe

#92 Fine wild roasted gonads on 01.22.16 at 8:18 pm

Bandit’s got a fine looking leg. The convict is not bad either! Speedy recovery.

#93 Sheane Wallace on 01.22.16 at 8:19 pm

#64 BS on 01.22.16 at 7:26 pm
Sheane Wallace on 01.22.16 at 6:37 pm

At least she/Jennifer will sleep well. You can’;t put a price on that.

$6000 for one good nights sleep? Then followed up by how many sleepless nights as the market recovers and leaves Jen behind?

——————————-
Markets do not recover by 1.33 % gain (DOW), 2.94 % (TSX) in one day after 3 weeks or rout.

Leaving behind by 1-2 % gain is similar to the housing non-sense for missing the train with housing.

Both a non-sense. You have no idea what volatility we are going to face in 2016. If you have defensive portfolio you sleep well. If not, you get heart attack.

#94 Sheane Wallace on 01.22.16 at 8:23 pm

#63 A Canadian Abroad

Yep, it could be a dead cat bounce/short covering at 1/3 rd of the way down.

You can see it in gold quite often. Suckers rally (80 % chance)

#95 Cici on 01.22.16 at 8:25 pm

#48 Sean Wallace

How can she “sleep peacefully” when she’s out $6,000 and stuck in cash with no dividends?

#96 Marigold on 01.22.16 at 8:25 pm

Talk about relief! Cauliflower is on sale, 2 for $5 at Farm Boy!!

#97 young & foolish on 01.22.16 at 8:26 pm

” … the market has the attention span of a gnat … ”

What chance does a retail investor have in the markets these days? It’s why people are repeatedly told to ignore the volatility and stay with “the plan”. You have to wonder who’s been doing all the selling and why? If professionals generally agree that markets always come back, then why bother selling in the first place?

#98 young & foolish on 01.22.16 at 8:30 pm

… still wondering what percent one should be shelling out for a 7 figure portfolio ….

When you get there ask me. — Garth

#99 SunShowers on 01.22.16 at 8:30 pm

All the best to you and Bandit, fine looking pooch.
Wife had a Samoyed/American Eskimo cross that looked a lot like that, had to be put down 2 years ago at the ripe old age of 14 due to cancer.

Vultched myself some juicy depreciated oil/material heavy ETFs a little while ago. May not have bought in at rock bottom, but close enough to make me feel good about holding onto them for a few decades.

Cheers!

#100 BG on 01.22.16 at 8:31 pm

Big hug to Bandit!

#101 Linda on 01.22.16 at 8:32 pm

Get well soon Bandit – hope he doesn’t have to wear the ‘cone of shame’ for very long. He looks extremely soft & fluffy…..

#102 will on 01.22.16 at 8:32 pm

*7 editrix

“If one spouse loses a job or stays at home, you’re a SITCOM. Single income, two children, oppressive mortgage.”

Hahahahahahaha. Good one!

#103 nonplused on 01.22.16 at 8:34 pm

About the picture I can only say this, we had a saying in Bowness about girls like that: “Let’s date them!”

Good luck to Bandit my dog hated the cone.

#104 AB Boxster on 01.22.16 at 8:36 pm

Pets can be expensive.
But at least they like you all the time.

A few years ago we had to put down an old dog.
Vet gave her a muscle relaxant, and a second injection and it was over.
Very peaceful.

I said to my wife, ‘I’m coming to the vet when when it’s my time.
Better health care and end of life care for our pets, than for people.

#105 Opportunity - Realties.ca on 01.22.16 at 8:38 pm

[…] Source: http://www.greaterfool.ca/2016/01/22/opportunity-2/ […]

#106 Herb on 01.22.16 at 8:44 pm

A lady having to wear that kind of ankle bracelet can’t be all bad!

Are you going to tell us what the problem with Bandit’s leg was? A few years ago we spent $3,000 on a cat who ingested bits of an oriental lily that was in a house-warming bouquet, and went into kidney failure. He’s still alive and was worth it!

#107 Cici on 01.22.16 at 8:47 pm

#80 Rich Young

My advice to you. Stop associating homeownership with happiness. Be happy just because…there are so many reasons.

Everyone I know who wastes their time “wishing” they had a house or that they had bought a house xx years ago is miserable. And many of the people who seem so incredibly house proud are actually lying awake every night tossing and turning or breaking into cold sweats…or at least they will be if they are heavily indebted and suddenly fin themselves unemployed for any great length of time. Same story if the value of their property dwindles along with their access to credit.

If you need a home to be happy, you have a problem. It’s like needing to have a partner to be happy.

You should be happy and balanced before you buy a home, and before you hook up with anybody else. If aren’t, you’ll get yourself into a lot of trouble.

Trust me, been there and learned my lesson.

Be strong, buy when you are truly ready (i.e., can handle some financial adversity if it comes your way), and when actually need the house (or car, or whatever else it is) to be happy.

#108 Cici on 01.22.16 at 8:49 pm

#80 Rich Young

Oops, another and glaring typo at the end there…meant “buy…when you DON’T actually need the house (or car,or whatever else it is) to be happy.

#109 WUL on 01.22.16 at 8:49 pm

Any early reports of Snowzilla Jonas in the NE States? Don’t want bad weather to scupper the current surge in the US economy. Any blog dogs in the D.C. area? Is Meteorologist on Janet’s resume?

#110 the Jaguar on 01.22.16 at 8:50 pm

Bandit will recover much faster, be more grateful, less surly, and less demanding than his best friend G.T.
Never complain, never explain. This is the real sign of good breeding in dogs and humans alike. He knows as long as he is with G.T. and especially Dorothy whose every emotion he is able to read through her eyes that things will work out. He owes them his life and his happiness.

#111 Ontario's Left Coast on 01.22.16 at 8:53 pm

#68 Freedom First — “…from the looks of her it could be a meter.”

Double F actually made a funny! I knew there was a human in there… Well done, I’m impressed.

#112 Dispatches from under the bridge on 01.22.16 at 8:55 pm

The ankle monitoring bracelet makes her particularly attractive.

I hope Bandits leg heals well. Dogs do very well with all that hardware usually.

#113 WUL on 01.22.16 at 9:06 pm

Which is the happiest group of people watching the price of cauliflower retreat?

Boxers.

Nobody wants their ears bitten off.

#114 Sheane Wallace on 01.22.16 at 9:07 pm

#95 Cici on 01.22.16 at 8:25 pm
#48 Sean Wallace

How can she “sleep peacefully” when she’s out $6,000 and stuck in cash with no dividends?

————————

She can sleep very well, trust me.

These 6000 are paper gains, they can materialize or translate to -60000 of losses if the markets tanks tomorrow/next week/nest year,

Which do you think is most likely to happen for the markets – to go up or down his year?

One always pays for insurance.

#115 Sheane Wallace on 01.22.16 at 9:08 pm

#106 Sheane Wallace on 01.22.16 at 9:07 pm
#95 Cici on 01.22.16 at 8:25 pm
#48 Sean Wallace

Or she could have chosen defensive portfolio and cash.
maybe 5-10 % (the horror!) gold.

#116 MSM-Free Zone on 01.22.16 at 9:19 pm

#54 Mike on 01.22.16 at 6:53 pm

Narcissism or Masochism…. I can never remember the difference.

Nothing to see here, folks…keep moving…keep moving…

#117 MSM-Free Zone on 01.22.16 at 9:30 pm

Didn’t know Bandit was a bad-ass Samoyed. I have a seven-year old female Sammy you can borrow overnight to help make him feel better. No ankle bracelet on her, either, at least that I’m aware of.

In the meantime, you may wish to consider patching him over. While you’re at it, patch yourself as well. Pretty sure you’ve both paid your dues…

http://parnass.com/images/sons-of-arthritis1.jpg

Here’s the website. Being an riding amputee, I’m their one of their biggest customers….

http://www.sonsofarthritis.com/

Actually he’s a Chow. — Garth

#118 46 and 2 on 01.22.16 at 9:33 pm

Pipelines east and west from AB….don’t really know why anyone is surprised that QC is against the notion….the song never changes, the French want everything their way. Once again disappointed that separatism failed, we would be far better off without the whiners.

#119 Freedom First on 01.22.16 at 9:39 pm

Sheane Wallace

Your Posts are especially stupid tonight.

#120 Smoking Man on 01.22.16 at 9:39 pm

The pic is hilarious, if you took away the dude’s hair and one tooth. That would be me.

Wow lost 5 million in profit in two days. No sweet, who ever started the oil rally two days ago unloaded at around noon today. Ha some new greater fools. Look at the volume. Then oil slow assent on no volume.

If oil down ticks just a touch, or no demand I’m doubling up on my usdcad bet, been waiting for a dip like this.

Canada = COMMUNISM

Oil extremely over supplied.

Its how pros do it.

Watch and learn grasshoppers.

#121 Smoking Man on 01.22.16 at 9:41 pm

Get well Bandit….

#122 John in Mtl on 01.22.16 at 9:41 pm

#54 Mike on 01.22.16 at 6:53 pm
It’s just an animal. I would have invested the 3 grand into a balanced portfolio.
Animals are just like houses, emotional wastes.

#60 Felix on 01.22.16 at 7:20 pm
And after you spent $3K on Bandit, guess what?
He’s still a dog!!

You guyz are cold blooded, no love!

Thank you, Garth, for your words of wisdom; they are helping to keep my fingers off the “sell” buttons. And may your friend Bandit get better.

#123 rawdiswar on 01.22.16 at 9:42 pm

Money well spent Garth.

We have a 5 month old Boston Terrier, and goddamn if that dog doesn’t make me laugh every day.

He cost a lot, but pays dividends of joy.

Oh, and the oil rally was based on pixie dust and rainbows.

See y’all next week.

#124 Frank Blood on 01.22.16 at 9:44 pm

We finally get a pic of bandit…he’s a fine looking dog. You must have a fleet of Roomba’s… Or Dyson wielding Amazons

#125 Dave on 01.22.16 at 9:46 pm

Speedy recovery to Bandit!

#126 Smoking Man on 01.22.16 at 9:49 pm

http://www.ctvnews.ca/mobile/entertainment/x-files-revival-to-shoot-in-b-c-smoking-man-says-1.2300134

The real Smoking Man returns this sunday.

To bad I own it on twitter

#127 Leverage on 01.22.16 at 9:57 pm

600 pips on 50 lots is 300 grannies. “Buddy”‘s got 400 lots. That’s down 2.4 suitcases… 400k in the hole, if the broker did not margin call by now. What leverage do and undo. Again, careful with the leverage. Nothing comes without work. Planning IS work. What amateurs forget.

#128 Leo Trollstoy on 01.22.16 at 10:02 pm

always remember a dog’s purpose according to this 6 year old …

http://weruletheinternet.com/2011/05/24/a-dogs-purpose-according-to-a-6-year-old/

#129 Smoking Man on 01.22.16 at 10:06 pm

I remember this day, it was about twenty years ago.

https://youtu.be/Lt-8L8twdPE

Not shitting about Nectonites.

#130 Leo Trollstoy on 01.22.16 at 10:06 pm

#88 Warren – the lagging indicator on 01.22.16 at 8:14 pm

stop pointing out the obvious flaws in his illogic. you’re confusing him

#131 mark on 01.22.16 at 10:16 pm

All the best, Bandit!

Yeah I never understand why someone would drop all their savings in a house and leave themselves vulnerable.

Save your down payment, then save your emergency cash on top, then consider buying.

#132 Drill Baby Drill on 01.22.16 at 10:16 pm

The babe in the pic has the ankle bracelet because her husband knows she is house horny and as soon as she gets close to a realtard it sets off an alarm on his iphone. Sort of like a house horny chasity belt.

#133 Smoking Man on 01.22.16 at 10:23 pm

Canada is fkd

http://www.nationalpost.com/m/wp/blog.html?b=news.nationalpost.com/news/canada/trudeau-to-talk-about-gender-equality-on-davos-panel-with-melinda-gates-and-facebook-exec

#134 Rural Rick on 01.22.16 at 10:29 pm

Get well soon Bandit.

#135 Smoking Man on 01.22.16 at 10:36 pm

Bandit, I telapaticly talked to Sofie and Wyatt about your operation. Showed em your pic…

They said to daddy in dog speak..

When can we go lick him, it cures everything..

Only dog owners understand.

Bandit, your daddy don’t speak dog, humans is all I’m saying.

Rrrrwo offffg.

Love Sophie and Wyatt

#136 Snowboid on 01.22.16 at 10:52 pm

#120 Smoking Man on 01.22.16 at 9:39 pm…

Does this mean you may miss next months’ conference in Scottsdale?

http://ufocongress.com/

I thought we might compare notes on our trips to the other side and back!

#137 NEVER GIVE UP on 01.22.16 at 10:53 pm

http://youtu.be/jUow1DhAubA

#138 NEVER GIVE UP on 01.22.16 at 10:56 pm

#1

The USA is the most effective police state in the world! God help those who do not comply

http://youtu.be/jUow1DhAubA

#139 Brazil ex-pat on 01.22.16 at 11:10 pm

Apparently links to another 2008 collapse are not allowed. Only stocks can only go up links I guess?

#140 Joe Anderson on 01.22.16 at 11:12 pm

Good boy, Bandit! You’ll ditch the lampshade and be running again in no time. :)

Seriously, who would rather pay a realtor’s commission and interest on a mortgage than have some cash handy for a vet bill? Priorities, people, priorities….

#141 Nagraj on 01.22.16 at 11:13 pm

Bandit is getting the best care any dog could.
I wish Bandit a speedy recovery, and his owners peace of mind.

#142 NTH on 01.22.16 at 11:13 pm

photo: Seneca 1991-ish?

“Shirley I’d like to introduce you to Smoking Man; Smoking Man this is Shirley. I think you two crazy kids would really hit it off…..”

;-) kidding

#143 Smoking Man on 01.22.16 at 11:14 pm

Chapter 6 The Cromwell, on the roof

https://youtu.be/t4H_Zoh7G5A

#144 just a dude on 01.22.16 at 11:20 pm

Garth, sorry about Bandit. Hope he makes a speedy recovery.
To #54: stupid comment. Please crawl back under your rock and stay there until you’ve got something constructive/intelligent to say.

#145 Squish on 01.22.16 at 11:26 pm

Aww, Bandit! Such a handsome fellow.

Feel better soon, fuzzy face. (Not you, Garth)

#146 Smoking Man on 01.22.16 at 11:33 pm

Saw a stray dog at the falls driving home.

This ones for you.

https://youtu.be/LRt2jX1kaYo

#147 Bottoms_Up on 01.22.16 at 11:42 pm

#81 Warren – the lagging indicator on 01.22.16 at 7:51 pm
——————————-
Couple points i would make. Abortion vs. A woman’s right to chose is a polarizing issue and thus has become a key element that generally describes the viewpoint of the political left (pro-woman’s rights) or political right (pro-life). I see no issue with having to “tow the party line” on this issue on either side.

Second, T2 did a disservice to his cabinet by highlighting a 50/50 gender target….because he had many great MPs to choose from, it was unnecessary to even bring it up, and no one would have questioned the gender split after cabinet was announced.

There are also governments at various levels that give priority to visible minorities and women as job applicants, and it also happens in the private sector, and there is a particular emphasis on getting women on board of directors for various companies. Personally I believe there needs to be a balance in approach; sure, certain groups that have been discriminated in the past deserve a fair shot at the job, but it shouldn’t come at the detriment of excluding the best candidate.

#148 Smoking Man on 01.22.16 at 11:59 pm

If your a cat and you like this, you’re a lesbo.

If your a dog, don’t matter.

You love em all. Everyone.

https://youtu.be/vNsEEvRMtGI

#149 Smoking Man on 01.23.16 at 12:19 am

Not endorsing people from planet fagathron

Bit this one, moved me.

https://youtu.be/FyejB43PKkE

#150 MF on 01.23.16 at 12:28 am

#55 Nanaimo Bar on 01.22.16 at 6:57 pm

No prob. Still looking forward to it!

MF

#151 Tony on 01.23.16 at 12:36 am

Re: #120 Smoking Man on 01.22.16 at 9:39 pm

Double up on the asdcad bet on Friday Janaury the 29th around noon. February should be a repeat of January with oil testing the 25 dollar American mark. Hopefully the short sellers can gain the upper hand and push the DOW below the 15,000 mark next month. Expect a big rally in the Canadian dollar this Wednesday afternoon with Yellen’s speech.

Silver not oil will be the biggest trade of the year although I expect oil to rally around 25 percent this November and December to around 52 dollars U.S. after Obama loses the election.

#152 Greyhelm on 01.23.16 at 12:45 am

Just saw T2 on CBC at Davos. Do I think he will make much difference? Perhaps not. Am I glad he was there making the pitch? Definitely!!!

#153 Tony on 01.23.16 at 12:48 am

Re: #80 Rich Young on 01.22.16 at 7:50 pm

Home prices in Calgary are down 15 to 20 percent and falling with each passing day. As the vacancy rate rises home prices will keep on falling.

#154 kommykim on 01.23.16 at 12:55 am

RE:

#27 prairiegopher on 01.22.16 at 6:03 pm
I think things on the stock exchange improved because glam boy was out of the country.

The Swiss exchange was also up 2.94% today because T2 arrived there. So it’s a wash.

#155 mousy on 01.23.16 at 12:55 am

Bandit: get well soon. Demand extra treats and a Maserati.
Shirley Valentine: get a cat.
Vet bills: we had a chest tumor surgically removed from our budgie. Vet said it could save him. Cost my parents about 2 months rent back in 1970. Bird lived another 7 years and died of old age. Man, we loved that bird and there was never any discussion about how crazy the vet bill was.

#156 kommykim on 01.23.16 at 1:03 am

RE:

#58 Ruskie Ryan on 01.22.16 at 7:13 pm
Is it time to rebalance a little heavier into Maple? Too soon?

“Re-balancing a little heavier” isn’t re-balancing.

#157 Paul on 01.23.16 at 1:11 am

Thanks for the well wishes! We brought him home today and he’s recovering very well, he’s purring on my lap as I type this. Loved ones, two-legged or four, are more important than granite counter tops, oil futures or the price of cauliflower. I just spent the best 3K I ever have.

Have a great weekend and best of luck to Bandit and a speedy recovery.

Actually while I’m hear I’ll ask for advice. I want to take some advice from a post a few days ago to heart: stop watching the market. I currently self-manage a portfolio of ETFs (Couch Potato) which keeps my overhead low but requires a certain vigilance on my part and keeps me swinging with the market every day. I’ve asked around an professional adviser in YVR is around 1.5 to 2%. On ~250K assets that’s up to five grand a year to rebalance the same ETFs I do, just with less emotion. Should I look into a robo-adviser like WealthBar? Any suggestions on a relatively hands-free approach without eating away too much?

#158 Vampire Studies GMST 454 on 01.23.16 at 1:11 am

Pulled out my assessments from yeard ago for kicks
(Central VI)

Year / Land / bldg / total

2006 / 83700 / 269000 / 352700
2007 / 109000 / 295000 / 404000
2016 / 144000 / 241000 / 385000

So actually down in nominal $$ over 9 years
its been paid off for almost 7 years

#159 kommykim on 01.23.16 at 1:12 am

RE:

#81 Warren – the lagging indicator on 01.22.16 at 7:51 pm

“Not exactly. No Lib MP can be pro-life, for example. That’s a democracy-killer, no? Where’s the diversity of opinion and tolerance of others in such an edict? T2 has also decided to use gender as a qualification for advancement over ability. Seems draconian. Or is it okay to muzzle and control when you’re morally superior?” — Garth

==–==

Would someone who considers them-self a leftist or socialist please respond to this, in regard to T2 governance thus far

It’s called “toeing the party line” or playing to your base. Most leftists are pro-choice. It’s as simple as that.

#160 jane 24 on 01.23.16 at 1:13 am

Guys much as I have loved my pets over the years spending human money on animals in my humble opinion is not on. Animal rescue shelters are full of young healthy animals hoping for a chance at life before they get the gun. Sometimes in life you do have to make difficult decisions and let an animal go.

You now all hate me but near my Italian summer home is a dog shelter with over 800 dogs in it, many of them unwanted pure breeds too. They are 100% healthy and need a chance too. Only so many dog homes.

Plus $3000 buys a lot of hot dinners for people living on cold streets right now.

Good luck wit the blizzard. Looks horrendous on CNN.

#161 slot machine on 01.23.16 at 1:47 am

If he invests some $ in her coin slot will or does she pay a dividend? 3 cherries equals score …me thinks opportunity like this week always pays.

#162 I like cookies on 01.23.16 at 1:59 am

My cat also had leg surgery — we found him as a mewling kitten, dirty and limping, on the banks of the Fraser River, with a dented can of cat food nearby. The vet informed us his hip was out of his socket and the ball was misshapen and would not work, so a $1000 surgery removed the hip joint entirely. Scar tissue grew around the bone and he runs and jumps like nobody’s business, and is the sweetest boy you could ever imagine. My heart melts when he jumps into my lap for a snuggle, and I’d do anything for him. He’s family.

#163 Murray The Vet on 01.23.16 at 2:09 am

Wish a fast recovery for Bandit. I would guess the injury was a ruptured ACL. I can’t see an incision so it must have been made on the inside of his leg-likely a TPLO procedure. If that was the case, $3000 was a good deal.

#164 Jim on 01.23.16 at 2:27 am

Anklet is part of the Restraining Order.
Hubby wouldn’t buy the house.

#165 family beagle on 01.23.16 at 2:27 am

Hope your buddy is back snootin’ and croozin’ real soon. He’s lucky to know ya. Likewise, I’m sure.

#166 millenial1982 on 01.23.16 at 2:32 am

Gas at 85.9 cents and cauliflower on sale for $2.49. What’s the big deal here? Can’t believe such a gross vegetable had garnered so much attention anyway. As for oil, USA can now export and companies are spending billions on pipelines, refineries and shipping infrastructure. That should tell you something, the price of this stuff won’t be in the gutter for too long. The smart people are probably loading up on the sale prices and will make a killing as usual.

#167 Sask Boy on 01.23.16 at 6:52 am

#134

Mark

Does Garth offer fee based advice? Just call him?

#168 earthboundmisfit on 01.23.16 at 7:25 am

Went through the same thing with a golden retriever pup 16 years ago. Surgical costs haven’t risen much. The “cone of shame” is only until the incision heals. Sending good vibes to your pooch.

#169 Il ragioniere schizofrenico on 01.23.16 at 7:32 am

Ça c’est vraiment trop chien, Monsieur Garth!

Mit anderen Worten, Herr Professor Weiß ist nichts als die KasinoMeister’s hündin.

Maybe you’re right. After all, Dog is Dog.

It’s true though that once getting hired by such organisations one cannot simply quit, resign or retire to pursue other goals in life (like writing books on personal finance management). They are perhaps not Gps-ankle tracked like some sort of animal but definetly their words, attitudes and actions will be constantly surveilled and monitored by the gang’s fellow dawgs for «acquiescence purposes».

Luckily, you have Bandit who is doing a heck of a job decoding those satellite signals. I wish Bandit a speedy recovery.

#170 Sask Boy on 01.23.16 at 7:42 am

Not hired by anybody. I just have been following this. I am self employed Artisan who works in Victoria.

#171 Chastity Bonenormous on 01.23.16 at 7:59 am

DELETED

#172 hope & ruin on 01.23.16 at 8:14 am

I’m not at all concerned about the future of Alberta. Here are some very re-assuring words from Alberta’s new Energy Minister, Marg McCuaig-Boyd:

I have grown to understand through the royalty review how the industry works, and the levers that we need to get benefit from Alberta, but also incent employment and incent investment.”

lol. Alberta’s energy minister, in her own words, is learning about the oil industry during an oil shock. I bet the oil exec’s just love going to meetings with this one. “can you show me the graphs again?…Ya, I like the one with all the red. The black one is too dull….why do you guys only use two colours? you need to be more creative. connect with your emotions.”

There must be a shortage of experienced politicians in this country. Garth, I think you need to make a comeback.

http://business.financialpost.com/news/energy/royalty-changes-wont-worsen-industry-conditions-alberta-energy-minister?__lsa=0857-7f9c

#173 Unbalanced on 01.23.16 at 8:18 am

FF -you state that Sheane Wallace comments are especially stupid tonight. In my honest opinion, your comments are stupid every night. I would like to see a survey on that . Ya know, thumbs up, thumbs down

#174 Grantmi on 01.23.16 at 8:23 am

#68 Freedom First on 01.22.16 at 7:32 pm
Looks like she is in a Casino, so smoking Man would probably know what the bracelet is. I don’t frequent casino’s, but my guess from the looks of her is it could be a meter.

New model from Fitbit…..

#175 Grantmi on 01.23.16 at 8:27 am

#152 Greyhelm on 01.23.16 at 12:45 am
Just saw T2 on CBC at Davos. Do I think he will make much difference? Perhaps not. Am I glad he was there making the pitch? Definitely!!!

The more he stays away from Canada, the better we all our… Good chance his plane will go down each time he returns….

#176 Sask Boy on 01.23.16 at 8:31 am

Sorry that you have misconstrued my participation in this blog. This has nothing to do with dogs or cats. My intentions were honourable. I think you are a brilliant writer who is really trying to help people. Keep up the good work because your advice is valuable and respected by many. Just one more thing, your words inspired me to write again. Have a great day and all the best in the New Year.

#177 common sense on 01.23.16 at 8:38 am

#151 Tony

That is a brilliant post.

Obama will 100% lose the election.

He can’t run.

Thank you.

#178 willworkforpickles on 01.23.16 at 8:53 am

A man who loves his dog is a real man.

#179 Bottoms_Up on 01.23.16 at 8:54 am

#160 jane 24 on 01.23.16 at 1:13 am
——————-
Why does it have to be all or nothing? How about a $3000 cap on a dog, and $1000 cap on a cat?

Some people must not realise that $1000 or $3000 can compromise an average family budget. What was that talk of if interest rates go up how many families would be in trouble?

#180 Bottoms_Up on 01.23.16 at 8:55 am

#157 Paul on 01.23.16 at 1:11 am
——————–
I believe Garth charges 1%.

#181 Rick on 01.23.16 at 9:14 am

Like the chick with the ankle bracelet, hot:)

#182 Arfmooocat on 01.23.16 at 9:25 am

Alberta NDP smiles at the rest of Canada, gets the finger back

http://calgaryherald.com/opinion/columnists/braid-ndp-smiles-at-the-rest-of-canada-gets-the-finger-back

#183 sidviscious on 01.23.16 at 9:31 am

What’s with the cauliflower comments. Don’t you know it’s the fake broccoli… it was $2.98 at my local grocer.
Don’t waste your money. Go for the real stuff and guess what ? it’s cheaper too.
Reason prevails, fools get more foolish. Beware of the smoke and mirror and grinding axes.

#184 WallOfWorry on 01.23.16 at 9:33 am

For Garth & Leo Trollstoy,

Anyone who believes a balanced portfolio is critical to financial success, and who believes that history teaches us valuable lessons (as this time is no different), must look at the current environment and recognize that within a well constructed balanced portfolio one should hold a small hedge in gold.

http://www.valuewalk.com/2016/01/top-10-reasons-gold-may-shape-up-for-a-surprisingly-strong-performance-in-2016/?all=1

Some source. Written by the gold-pumping (and troubled) Sprott gang, pushing their own product. — Garth

#185 cropgrower on 01.23.16 at 9:54 am

…I think a lot of people here think Bandit can read…..and I will bet he can’t….am I right daddy garth?

#186 AB Boxster on 01.23.16 at 10:23 am

#159 kommykim on 01.23.16 at 1:12 am
It’s called “toeing the party line” or playing to your base
————————————————————-
Actually its more about the arrogance of the left.
‘Hi, i’m from the Liberal party. I’m here to re-educate you.’

Does it also mean that when T2 says absurd and vacuous statements about ‘resourcefulness’ and ‘diversity’, and being ‘feminist’ that he is playing to his base as well.

Are all Liberals truly be that inane and air-headed?

#187 Julia on 01.23.16 at 10:53 am

Best wishes to Bandit.

Vets are crazy expensive but when you choose the commitment of pet ownership/companionship you take the responsibility of caring for them, and that includes hefty vet bills sometimes.
A lot of homebuyers don’t have an emergency fund for repairs, job loss or illness. Vet bills are certainly not provided for.

I have a child who wants to go to vet school on a sports scholarship. Sounds win-win to me.

#188 Julia on 01.23.16 at 10:56 am

#71 raisemyrent

“don’t forget to get pet insurance”

We don’t have any, never have. With years of owning pets, cats and dogs, we factored in the monthly cost of insurance vs saving that money and we are well ahead, even with hefty vet bills.

#189 Alberta Guy on 01.23.16 at 11:00 am

Maybe she just wants to look like her favourite celebrity. Its a conversation starter i suppose….

http://goo.gl/TqJN52

#190 Newbie on 01.23.16 at 11:07 am

Some helpful tips http://www.cbc.ca/news/business/food-costs-budget-eat-healthy-1.3416322

#191 ANON on 01.23.16 at 11:21 am

That’s a wonderful companion you have there, Garth! A dog with an independent, cat-like personality. No wonder he’s named Bandit, the fluffy lion-dog :)
Hope he gets well soon.

#192 Fine Wild Roasted Gonads on 01.23.16 at 11:43 am

#189 Alberta Guy on 01.23.16 at 11:00 am

Maybe she just wants to look like her favourite celebrity. Its a conversation starter i suppose….

http://goo.gl/TqJN52
——–

Seems this is usually bought at the same time…

http://www.amazon.com/BigMouth-Inc-Beer-Belt-Holster/dp/B0032FRJL8/ref=pd_bxgy_236_img_2?ie=UTF8&refRID=12Y45KFBAMGSYNHPCHV3

#193 kommykim on 01.23.16 at 12:01 pm

RE:

#186 AB Boxster on 01.23.16 at 10:23 am
#159 kommykim on 01.23.16 at 1:12 am
It’s called “toeing the party line” or playing to your base
————————————————————-
Actually its more about the arrogance of the left.
‘Hi, i’m from the Liberal party. I’m here to re-educate you.’

No different than the CONservatives. The self acclaimed fiscal conservatives who ran up the some of the largest deficits in the history of this country. The CONs who talked about accountability and morals and then tried to cover up the Duffy affair. Claiming to “support the troops” and then closing veterans affairs offices. Etc…. The Liberals have no monopoly on arrogance.

Does it also mean that when T2 says absurd and vacuous statements about ‘resourcefulness’ and ‘diversity’, and being ‘feminist’ that he is playing to his base as well.

Yes he is. Just like CONservatives who spout “family values” and “fiscal responsibility” and yet seem to not know what these terms mean.

Are all Liberals truly be that inane and air-headed?

It’s politics. If you really expect anything different from any of the parties, you are dreaming.

#194 WallOfWorry on 01.23.16 at 12:49 pm

Garth…#184,

Pretty much the response I would expect from you when a view is contrarian to your own. However, there are some facts in that article that would warrant an intelligent response no? More specifically, arguments 2, 3, 4, & 8 all stand on their own and at a minimum would suggest any investor should have some concern for increasing risks in the monetary system? Would these things not make you consider a 5% holding in gold a good hedge as part of a balanced portfolio? What about history? Whenever there has been a financial system reset gold has always been the safe haven?

Or do you just like to avoid facts and logic when it goes against your views?

An investor who holds the TSX60 in an ETF such as XIU has all the gold exposure they need. There is no systemic threat to the current monetary system. Certainly no need for physical PM or units in volatile PM fund. Sprott is a failed fear-monger. By the way, your ad hominem argument weakens your position considerably. — Garth

#195 TurnerNation on 01.23.16 at 12:54 pm

I think the housing market quietly topped when Kevin O’Dreary launched then shuttered his business – A$$hole Mortgages.

#196 WallOfWorry on 01.23.16 at 1:16 pm

Garth…#194,

Thanks for the response. I would respectfully disagree on the risk with the current monetary system when you look at slow growth and high debt. Btw…you should check the prospectus for your XIU, for in your balanced portfolio strategy, if XIU would represent 20% of your total portfolio and precious metals makes up less than 5% of XIU you have approx. 1% weighting. In terms of ad hominem I think you misunderstand…your responses to posts like the original resorts to dismissing as fear mongering. Yet, the posting referenced very specific non ad hominem arguments. I guess your initial response was ad hominem too as it was directed at Sprott???? Your logic seems very confusing.

In a properly balanced portfolio maple would make up 17% of total growth assets, of which the large cap equity position would be about half. Still enough gold. — Garth

#197 Bram on 01.23.16 at 1:39 pm

#189 Alberta Guy on 01.23.16 at 11:00 am

Good find, and spot on!
There would be no reason to have house arrest and be in a casino.

But $20 to make you look bad-ass is an easy spend.

#198 AB Boxster on 01.23.16 at 1:43 pm

#193 kommykim on 01.23.16 at 12:01 pm
Re: conservatives vs liberals
—————————————-
Some good points…
Some debatable…

Equating Liberal Ad scam with Duffy is a little lame.

Where you are wrong though, is with regards to arrogance.
The liberals certainly have the monopoly on arrogance.

It’s one thing to have competent, intelligent, arrogant Liberal governments. Their arrogance can be ignored if they run the county effectively.

Unfortunately, Canada currently has has vacuous, incompetent, arrogant leadership.

Nothing about that fact has any relation to politics.

#199 RimJabba on 01.23.16 at 1:51 pm

#120 Smoking Man on 01.22.16 at 9:39 pm

Did you read Poloz’s speech on the 20th?
He said he will defend the dollar by raising rates, he just flip flopped on his kill the dollar idea.

Not sure USDCAD will be such a safe trade in the near future…

#200 Retired Boomer WI on 01.23.16 at 1:57 pm

#157 PAUL

We are retired now. I retired at age 60 will be 65 this year. Wife retired at 62.

I have shopped a ton of “advisors” here in the US. I have generally used Index Funds (or ETF’s), and a few dividend stocks, for my investments since I began investing.

After retirement I placed 100K from my portfolio with an advisor here whom I liked, had a decent reputation and have known for many years. He did a good job, except the costs 1% per annum were more than I am willing to pay. So, after 18 months comparing his return less costs to my own returns less costs, I repatriated the money.

We had both used a similar approach, not identical, and the returns were close, except for the overhead.

I have not used a robo-advisor so can’t tell you.

If you have figured out your asset allocations, and devised ‘where’ you are going to put your $$ domestic foreign, etc. there are less costs in doing it yourself.

Some will say you have a fool for a client, and sometimes perhaps, they will be correct. If you are using broad-based ETF’s (not sector ones) I would not believe you need to look at them, and rebalance more than twice a year.

I do have a few sector ETF’s like healthcare, utilities, which I have limited to a top dollar amount. IF the balance exceeds that amount, I harvest the excess and reallocate it elsewhere. Thus far has worked well. I also use the twice annual rebalance method on these, though they are, and have been more volatile between rebalancing dates.

Generally use late Dec and early July for rebalancing.
Overall portfolio is presently 50% stocks 38% bonds 12% cash -awaiting deployment.

So, going on 5 years in retirement, and using the investments to finance a part of our retirement, we have more now than when we started. Yearly outcomes vary a good deal, but the overall result has been expansion.

Do not follow the market daily. It will still be there. Do NOT over rebalance. I found twice a year very adequate.

I do watch the numbers, but rarely do much, except when there may be an opportunity to get a deal.
That’s where I find myself presently. I have 12% cash and will look for an opportunity over the next few months to allocate same.

If no opportunity presents itself, oh well, it won’t spoil.

RB

A common mistake is to think an investment advisor assists only in managing investments. The real benefit comes from working with someone who can help you income-split, reduce tax exposure, find tax-efficient investment strategies and help through solid advice on everything from buying or leasing a car, to insurance, retirement management and estate planning. A good advisor will include it all in one largely tax-deductible fee. In this case 1% is a good deal. — Garth

#201 Smoking Man on 01.23.16 at 2:18 pm

#199 RimJabba on 01.23.16 at 1:51 pm
#120 Smoking Man on 01.22.16 at 9:39 pm

Did you read Poloz’s speech on the 20th?
He said he will defend the dollar by raising rates, he just flip flopped on his kill the dollar idea.

Not sure USDCAD will be such a safe trade in the near future…
…..

No trade is safe. Since Jan 2015 my bets in forex are all in the money… I will bail The USDCAD if it goes below 1.4

I’m expecting the curde rally to die and contine its fall next week. Either way, it was year.

#202 Darryl on 01.23.16 at 2:22 pm

#181 Rick on 01.23.16 at 9:14 am

Like the chick with the ankle bracelet, hot:)
——————————————————————–
Watch out . These days she could be a he .

#203 Freedom First on 01.23.16 at 2:53 pm

A man and his dog. Good on you Garth.

#204 waiting on the westcoast on 01.23.16 at 3:36 pm

Re: debate about forced pro-choice views in Liberals…

I am a small-c conservative and dislike many of the debate constraining tactics the conservatives employed during their mandate. I am pro-choice but think T2 and team did their party and the country a disservice by mandating a pro-choice beliefset.

No party can capture each individual’s desires/needs/values. The party represents certain key ideas and each person has to find the one that engages the bulk of their hopes and dreams.

Have principles and the integrity to stand up for what your beliefs but freedom of speech/expression is more important than any belief or point (even if it’s TRUE).

#205 Grey Dog on 01.23.16 at 3:49 pm

Bandit, what did you do to yourself to get into that mess? Have you any advice for us dogs belonging to Garth’s blog to stay away from the scenario you currently find your self in? Fall on ice? Chasing squirrels, do dog bones get brittle with age? I want to avoid what happened to YOU. Take care, and get your master to get you a comfy cone.
Grey Dog aka schnauzer

#206 Sask Boy on 01.23.16 at 4:07 pm

Ok. Good on 1%. But am I every thirsty now. Good to get water from tap and not living in China where 670,000 dye each year because of underground water pollution.

#207 espressobob on 01.23.16 at 4:10 pm

Still don’t understand goldbugs? Even when presented with facts, they don’t get it.

Eric Sprott was a superstar a long time ago. His Canadian equity fund was literally a stupid outperformer. It was also closed to new investors for many years and re-opened just before the GFC. So what has it done over the last ten years? Compare that to a world index ETF.

http://sprott.com/products/sprott-canadian-equity-fund/

Watch out for these guys. And how about this one? A performance fee, just like the other. For what?

http://sprott.com/products/sprott-hedge-fund-lp/

#208 WUL on 01.23.16 at 4:22 pm

#219 Mike in Edm on 01.22.16 at 1:27 pm
According to http://calgaryrealestatereview.com/ some house that was listed for $8.9million in 2014 along the Bow [you later corrected this to say the Elbow River] just sold for $3.3million. Ouch.
**************************

Boy, does this feel like a back story (perhaps simply a WUL conspiracy?). It may not align with the narrative of a possible plunge in Calgary mansion prices. The house was built in for $6.5 MM. In the summer flood of 2013 it had 5 feet of water in the basement. Undoubtedly, it was restored to the tune of how many tens or hundreds of thousands of dollars (with a hefty dose of insurance dollars) and about 18 months after the biblical deluge was listed in 2014 for $8.898 MM.

No address is listed. It may be the house of the very prominent and wealthy oilman, who shall remain nameless, and who wisely decided to move to higher ground and out of the floodplain. He received $8MM for his house from the provincial government (disaster recovery monies) and then maybe the gubmint unloaded the house to someone for $3.3 MM that was willing to take the risk that another deluge would not occur (wrongly). I was recently shown a number of houses on the Elbow that were purchased with disaster recovery money that are simply going to be knocked down and the lots left vacant.

Your faithful sleuth does not have the time (maybe 4 years) nor the money for a freedom of information request but maybe I can find the information in publicly available info. But, given the transparency of the Alberta PC party, that is unlikely.

My instincts tell me that the story does not reflect a market related story on Calgary mansions, I suspect, the gubmint had a loser on its books that had to be liquidated.

#209 varth dader on 01.23.16 at 4:27 pm

6 Perth St
Listed July 2015 – 1499000
Relisted Jan 2016 – 1079900

79 Colonel Bertram
Price change from 979000 to 964000 March 23 2015
Price change from 964000 to 959000 April 23 2015
Price change from 959000 to 939000 April 30 2015
Relisted June 4 2015 from 939000 to 899900
Relisted Sept132015 from 899900 to 869900 via ComFree
Relisted Jan 5 2016 fro 869900 to 868900 via HomeLife

5 Ravenscroft
Price change Oct 7 2015 from 978888 to 924900
Price change Nov 3 2015 924900 to 894999
Price change Nov 19 2015 from 894999 to 874900
Relisted Jan 11 2016 874900 Sutton Group

14 Grand Oaks
Price change Aug 22 2015 from 999000 to 949900
Price change Oct 2015 from 949900 to 929900
Price change Oct 29 2015 from 929900 to 910000

6 Shadywood
Price change ?? From 829999 to 799500
Price change Nov 11 2015 from 799500 to 777777
Relisted and price change Dec 5th from 777777 to 778800

12 Stonegate
Price change and relisted Sept 242015 from 849900 to 799900
Price change Nov 2 2015 from 799900 to 769905
Prica change Nov 27 20105 from 769905 to 699905

The list goes on and on and on

#210 MF on 01.23.16 at 4:29 pm

At my parents today. Just happened to read the Toronto Star for the first time in years.

All I can say is wow. What a load of bs.

Business sectioned peppered with articles about foreign buyers going crazy over GTA/GVR…written by developers, and “what they got” showing cherry picked asking and final selling prices stats.

The rest of the paper praises T2 the embarrassment for his “work” at Davos, cites “soaring costs” for Canada’s mission in Syria, malignes Trump as racist/sexist/insert here.

At least I know I will be saving some money on toilet paper from now on by coming here once a week or so.

AB Boxster is right. You can feel the arrogance reading this chitty paper.

MF

#211 Smoking Man on 01.23.16 at 4:31 pm

Inspite of breaking my middle finger, damn stairs last night, having an x files Marathon all day and all night

The gambling little voice inside the head says, COME TO SENECA MY SON.

I come to this blog, I smoke, I drink, I gamble.

I believe this is called an addictive personality.

Helps big time in business , sucks for personal shit.

#212 MF on 01.23.16 at 4:43 pm

Hope bandit has a speedy recovery Garth.

MF

#213 Who's the lady? on 01.23.16 at 4:44 pm

Hey Freedom First. Is that the lady that wanted to go to Hawaii with you?
Leo Trollstoy. Maybe ask Smokey to help you study for your GED.

#214 MF on 01.23.16 at 4:49 pm

To the guy that said vet bills would be better spent on ETF’s lol just wow.

Probably trolling but I think pets are good substitutes for children but cheaper and with less responsibility. There is a greater chance of returned love with pets.

MF

#215 TRT on 01.23.16 at 5:10 pm

The crude rally will die…with it the CDN$ rally.

The powers that be didn’t come all this way to lower crude prices to reverse course on a little ECB stimulus.

Great time to load up on USD.

————-
On another note, this global warming stuff is getting confusing. Whats the truth?:

1) This is all made up BS. The purpose being to ram all sorts of carbon tax iterations down people throats…and the people will accept.

or

2) The truth. But you don’t know whats the truth anymore as the MSM has corrupted journalism.

This won’t end well either way!

#216 HellYeah on 01.23.16 at 5:27 pm

Speedy recovery, Bandit. So sorry you have to endure the Cone of Shame while your stitches heal.

Side note: currently in NYC, where street vendors are selling cauliflower for $2/head. Which is, like, what, CA$4?

#217 Freeman on 01.23.16 at 5:46 pm

Every time there is a dead cat bounce in the markets, it appears that it is the bottom and time to jump back in. That’s about the time people buy back in, only for the market to renew its crash, and the new investors get wiped out.

Here is a way to avoid this pain:

Railway and transportation stocks indicate the TRUE HEALTH OF THE ECONOMY, and one of the biggest transportation companies is UNION PACIFIC RAILWAY.

They handle almost half of all stuff coming in from China, so if their stock if falling then you know that the economy is falling.

Here is a 5 year chart of the S&P 500:
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=5&mn=0&dy=0&id=p95696037966

Here is a 5 year chart of Union Pacific:
http://stockcharts.com/h-sc/ui?s=unp&p=D&yr=5&mn=0&dy=0&id=p95696037966

When UNP begins to show signs that it has flattened out and the crash is over, then that is the time to buy back into stocks, not before then.

The last 2 days of the S&P rising have seen UNP falling, and that is a ominous sign for stocks, showing that the recent rally will run out of steam real soon.

#218 TurnerNation on 01.23.16 at 5:49 pm

If you have 18-20 yrs of “schooling” (JK-Gr12 or 13, plus post secondary 3-6 years) the only acceptable topics for discussion are: Netflix/shows, vacations, social mediums, housing, (rigged) pro-sports, getting drunk.

Topics of our existence, humaness and philosophy are left to baristas – those with MAs and DPhils.

#219 SAM-I-AM on 01.23.16 at 5:55 pm

Sending love and healing thoughts to Bandit!

Tip: If the cone is too wide or bulky and he crashes into walls, doorways, table, etc. you can get a round plastic mop bucket, cut off the bottom, make a few holes around the finished edge and attach to his dog collar with plastic zip ties. As long as the attached bucket is longer than his nose it should do the trick at a fraction of the unwieldy circumference. That and a lot of neck rubs and love and he will be up and running in no time!

#220 dm2 on 01.23.16 at 5:59 pm

Be well, Bandit.

#221 Parsonage on 01.23.16 at 6:05 pm

@ 215 TRT

Re Global warming: here today gone tomorrow?

http://www.mirror.co.uk/news/world-news/thousands-evacuation-alert-one-worlds-7230741

One massive eruption could turn reverse temperature trends. Then fossil fuel to the rescue from ‘nuclear winter’?

That’s why a b & d portfolio continues to contain commodities.

If Popocatépetl blows big keep a close eye on XEG.

#222 ANON on 01.23.16 at 6:06 pm

#214 MF on 01.23.16 at 4:49 pm

To the guy that said vet bills would be better spent on ETF’s lol just wow.

He’s just following his own narrative. Personally, I love my pets, but no harm done. That may be his priority.

Probably trolling but I think pets are good substitutes for children but cheaper and with less responsibility. There is a greater chance of returned love with pets.

You’re obviously following your own narrative and priorities. No harm done, either. :)

#223 Ruskie Ryan on 01.23.16 at 6:07 pm

#156 kommykim on 01.23.16 at 1:03 am
RE:
#58 Ruskie Ryan on 01.22.16 at 7:13 pm
Is it time to rebalance a little heavier into Maple? Too soon?
“Re-balancing a little heavier” isn’t re-balancing.

Thanks for the tip. Please allow me to clarify for the semantic police.

Is it time to adjust my asset allocation to reflect a higher percentage to Maple than has been recommended on this blog for the past couple years?

#224 Sask boy on 01.23.16 at 6:17 pm

Confusing. Tell me about it. But where is the peg? Canada h20 in the furure. Trudeau on way home. Just figured this out yesterday.

#225 bill on 01.23.16 at 6:27 pm

Hi Garth
for your recommended bond mix was there a a certain mixture of maturity dates that would be advisable?
perhaps you had mentioned this already and I missed the lesson? If so could you recall which blog entry covered that so I can give it a read?
Thanks in advance

#226 bill on 01.23.16 at 6:28 pm

I trust the patient has a good appetite?

#227 kommykim on 01.23.16 at 6:29 pm

RE:

#198 AB Boxster on 01.23.16 at 1:43 pm
#193 kommykim on 01.23.16 at 12:01 pm
Re: conservatives vs liberals

Unfortunately, Canada currently has has vacuous, incompetent, arrogant leadership.

In your opinion.
In my opinion, the CONs were as you describe the Liberals.
What matters is the opinion of the electorate on October 21, 2019.

#228 kommykim on 01.23.16 at 6:34 pm

RE:

#223 Ruskie Ryan on 01.23.16 at 6:07 pm
#156 kommykim on 01.23.16 at 1:03 am
RE:
#58 Ruskie Ryan on 01.22.16 at 7:13 pm
Is it time to rebalance a little heavier into Maple? Too soon?
————-SNIP!—————
Is it time to adjust my asset allocation to reflect a higher percentage to Maple than has been recommended on this blog for the past couple years?

My answer is this:
You should set your allocations and then stick to them. You should only change your allocations when your risk tolerance changes. ie: More cash/bonds as you near retirement. I disagree with changing your allocations as the market gyrates. Anything else is just market timing in disguise.

#229 Pancho Curry meister on 01.23.16 at 6:35 pm

Garth

Hate to heap bad news on you after that ray of sunshine from you today, but cauliflower costs about $1.25 per head in Mexico amigo….just enjoying a nice aloo gobi right now….I will try to fedex the leftovers to you although the garlic naan might be stale…

#230 Sask boy on 01.23.16 at 6:38 pm

http://www.globalresearch.ca/the-new-water-barons-wall-street-mega-banks-are-buying-up-the-worlds-water/5383274

#231 libertyalonzo on 01.23.16 at 6:38 pm

Garth

Am guessing the dame put on the ankle bracelet to get some street cred….probably works at a library, so let’s not get too carried away here…

#232 Metaxa on 01.23.16 at 6:46 pm

Be me.
Walking the aisles at the grocery store
Picking up stuff for beef stew tomorrow.
Notice cauliflower, decide to price check.
Two for $5.00.
huh?

be me, bent over a produce bin when someone walks up, obliquely, from behind.
wraps arms around me and lays a big old hug.
Hug of love, man it was good.

Be me at home, putting groceries away.
Cat does the thing, you know…
Pick cat up, purrs and gives me a little bop with a paw then licks my nose.

So I have you all beat, you pay too much for cauliflower and I don’t.
My 24 year old son is confident and loving enough to lay a hug of love on his old man when he sees him, even in public
My cat is better than your dog.

#233 Sask boy on 01.23.16 at 6:47 pm

Mr deep pockets is disguised? Ok this I can tell you for sure. Iran and China were developing a oil barter exchange but the U.S. nixed it. So now, my guess there are devoloping a Oil Barter Exchange in the U.S. the crap is worthless either way. When Oil barter exchange, no peg to USD. But is USD following h20 now. So buy CAN? So confusing. So sorry for crashing around but this has been such mind blow. I am a Christain and always used my Faith for guidance. And maybe that is why I love you. I will not give up on you.

#234 Philburt on 01.23.16 at 6:52 pm

#201 Smoking Man on 01.23.16 at 2:18 pm
My call too Smoky
should finish up around $25 ish then a large rally and stocks 50-100%
Then get short oil again…around $45-50

#235 Ruskie Ryan on 01.23.16 at 6:55 pm

#58 Ruskie Ryan on 01.22.16 at 7:13 pm
Is it time to rebalance a little heavier into Maple? Too soon?

#156 kommykim on 01.23.16 at 1:03 am
“Re-balancing a little heavier” isn’t re-balancing.
————–

Thanks for the tip. I didn’t realize it was Semantic Saturday. Please allow me to clarify.

Is it time to adjust my asset allocation to reflect a higher percentage to Maple than has been recommended on this blog for the past couple years?

#236 Toronto Dweller on 01.23.16 at 7:21 pm

@ 217 Freeman
Interesting point, but aren’t most goods (excluding oil h shipped by trucks nowadays?

#237 Shirley Valentine on 01.23.16 at 7:25 pm

211 Smoking Man on 01.23.16 at 4:31 pm

Inspite of breaking my middle finger, damn stairs last night, having an x files Marathon all day and all night

The gambling little voice inside the head says, COME TO SENECA MY SON.

I come to this blog, I smoke, I drink, I gamble.

I believe this is called an addictive personality.

Helps big time in business , sucks for personal shit.
**
Breaks his middle finger giving it to all his critics, loses $5 mil and goes right back at it.. There is only one studly smokey man.. I’ve got the bracelet off today…..COME TO SHIRLEY BABY!

#238 Sask Boy on 01.23.16 at 7:29 pm

Pic of Siamese cat would be nice. That is all I want

#239 Brazil ex-pat on 01.23.16 at 7:32 pm

Funny how the west is freaking about 0% interest rates. Here in Brazil…….cash gets 12% in the bank. Yes the $R has fallen against the dollar. But the beautiful food here has not changed in price. Only things like Iphones and Samsungs really. My wife’s Made in Brazil awesome printed leggings were $25 Cdn. You’d pay $125 at Lu Lu China. So much of what we talk about with inflation and cauliflower is relative I guess.

#240 Freeman on 01.23.16 at 7:50 pm

For any Canadian tourists / Snowbirds who are driving down to Florida this year: DO NOT TAKE ANY MORE THAN $900 CASH WITH YOU !!
In fact, try not to carry any more than $450 cash on you at any time.

http://www.cbc.ca/news/world/american-shakedown-police-won-t-charge-you-but-they-ll-grab-your-money-1.2760736

http://www.oneworldofnations.com/2014/09/tourists-falling-prey-to-dysfunctional.html

Yes, American police are now targeting Canadian snowbirds precisely because they know that many snowbirds carry large amount of cash.
They are stopping cars heading South that have Canadian plates, making up excuses that the driver was driving suspiciously, or weaving, and then they start asking how much cash are you carrying, and if you have over $1,000 cash they will simply take it, not giving you any reason why.

Then you are let go, free to go on your way with no criminal charges, but now you have NO CASH.

This used to be triggered at the $2,000 level in but starting January 1 2016 Police agencies across the states have lowered the trigger point to only $1,000 U.S.

It is recommended to not carry any more than $100 cash on you and to pay for everything with credit cards and debit cards instead of cash.

QUOTE: “As the Canadian government notes, there is no law against carrying it here or any legal limit on how much you can carry. But if you’re on an American roadway with a full wallet, in the eyes of thousands of cash-hungry cops you’re a rolling ATM.”

#241 fancy_pants on 01.23.16 at 7:52 pm

Under all that fur is a svelte bionic machine. Like owner, like pet. some things are more important than $. Get well bandit, you little ham chop.

#242 ww1 on 01.23.16 at 7:54 pm

Garth : Not really for your comment section – maybe something for a slow news day when you need an image?

http://i.imgur.com/0QqDvEH.jpg

The original title on reddt :
https://www.reddit.com/r/pics/comments/42cpjw/perks_to_installing_a_new_light_fixture_ourselves/

#243 Smoking Man on 01.23.16 at 8:05 pm

No get better Smokeys middle finger.

Should have been born dog rather than nectonite.

What we love about dogs, they love us back void of a secret agendas, well if you give em a milk bone, they love you more.

When I was sent here to study humanity fifty years ago. Had I not fkd up and made three hybrids, three boys your race would be history by now

But I did, moment by the dash board light, now as much as I hate it….

Got to save the human race as much as it goes against my better judgement.

You fks are lucky. Real lucky..

Smokey’s got everyones back.

#244 Smoking Man on 01.23.16 at 8:16 pm

#237 Shirley Valentine on 01.23.16 at 7:25 pm
211 Smoking Man on 01.23.16 at 4:31 pm

Inspite of breaking my middle finger, damn stairs last night, having an x files Marathon all day and all night

The gambling little voice inside the head says, COME TO SENECA MY SON.

I come to this blog, I smoke, I drink, I gamble.

I believe this is called an addictive personality.

Helps big time in business , sucks for personal shit.
**
Breaks his middle finger giving it to all his critics, loses $5 mil and goes right back at it.. There is only one studly smokey man.. I’ve got the bracelet off today…..COME TO SHIRLEY BABY!
……

Shirley
I have a strict policy, only do short term rentals, pay to go away, prostate cancer prevention.

But with you, I’ll make an exception.

The delema, when I’m brave enough to sail in uncharted waters, well I’m staggering, with absolutly no chance of satisfying you.

But in will get shit faced with you, best I can offer.

P’s, don’t care if your old, ugly, gay, black, lesbo, tallaban, or this is a stretch, liberal.

#245 Sask boy on 01.23.16 at 8:35 pm

Ok I got. Boeing Plane Barter with China for Oil. Oil stockpile report goes down. A rise is CAN. Main priority for US is low dollar to stimulate economy. Have to take Bernanke word for a lower USD. He has a reputation to hold. He is working for the Fed. He has a blog with all kinds of goodies defending Fed. Forgive me for crashing around again. Poloz raises rates for rising CAN dollar and lowering cauliflower. Canada housing screwed big time. Vultures come in for that stuff. Now oil rings can drill for water. They can’t drain the lakes. They drill with US rigs etc. more to come.

#246 Sask boy on 01.23.16 at 8:39 pm

Estimate plane order 5700 planes Boeing $427 trillion = 4 trillion barrels oil. Iran is the new oil frontier. They can dig the crap out for $5 per barrel. Move over Dubai. Weed and water. Party on

#247 Sask boy on 01.23.16 at 8:40 pm

Meow

#248 Keith in Calgary on 01.23.16 at 8:46 pm

#239 Brasil Ex-Pat

It’s nice when we earn our money in dollars and convert it over at 4-1 +/-……..try enjoying life as a Brasilian getting paid in Reais.

#249 Sask boy on 01.23.16 at 8:51 pm

Cats and dogs all have four paws. They luv each other. Meow. Woof. Woof

#250 Smoking Man on 01.23.16 at 8:53 pm

Their is a chic who works at Tim Horton’s nested in the shell gas station on browns line.

She wears a hijab, not sure if this is coninidenase or down write terrorisunm.

You know that spot where you flip the lid, I always get the cup seam, it’s distroyed more Donald trump cufling shirts than I can count.

I’M talking to her tomorrow.. going to show her pics of nectonite, ask politely please no more murdered shirts.

I might even give her a ride in the plazma flyer if necessary. Winning one human at a time

No more God damn lid openings on the cup seam.

#251 IDIOT on 01.23.16 at 9:02 pm

#239 Brazil ex-pat on 01.23.16 at 7:32 pm
Funny how the west is freaking about 0% interest rates. Here in Brazil…….cash gets 12% in the bank. Yes the $R has fallen against the dollar. But the beautiful food here has not changed in price. Only things like Iphones and Samsungs really. My wife’s Made in Brazil awesome printed leggings were $25 Cdn. You’d pay $125 at Lu Lu China. So much of what we talk about with inflation and cauliflower is relative I guess.

How about the Zika Virus? Or the polluted waters? It will be an interesting olympics this summer when all the water sport athletes get terribly sick. I think they should boycott the olympics since no medal is worth canoeing/kayaking in sewage filled water.

Brazil is not the bees knees you make it out to be.

#252 Sask boy on 01.23.16 at 9:04 pm

Watch 5 year bond yield can. It will rise undetected.

#253 Sask boy on 01.23.16 at 9:23 pm

Market expectations are based on the Bond Market for raising rates. Screw the stock market guys. That speech is coming. If not rate hike in March, message will be sent to stock market guys to get ready for raising rates. Now, Democrats = h20, republicans = oil , election important. Trump said he will rip up Iran deal and put it back to oil peg. So t is important to kick Sarah, Alaskan Oil Queen back to Moscow. We need Hillary.

#254 Blacksheep on 01.23.16 at 9:24 pm

Best Pic in a long time.

#255 Sask boy on 01.23.16 at 9:39 pm

Say comment about shipping water. Nestle has well around Hope BC. I think they found a huge reserve. Shipping is easy from Vancouver port. No pipeline needed. But there will be pipeline to US. Hello Keystone again but from BC. They use fracking technology that is already developed. Nothing changes with oil technology. Same stuff. Nobody will complain about pipeline carrying water. California needs water. So BC H20 will be the best grade water. Have not have time to look at Nestle stock. That is why nobody invested in the Airbus news or Boeing. It is all fudge. Nothing there. Now airline that bartered with oil will use oil to compete with competitors. Use oil as added bait for selling planes to airlines.

#256 Mark on 01.23.16 at 9:40 pm

“Funny how the west is freaking about 0% interest rates. Here in Brazil…….cash gets 12% in the bank. “

Perhaps so, but probably with >12% currency depreciation to match as the “12%” is paid in local currency, not increasingly scarce USD$. There’s a theory in finance such that all asset class returns eventually converge to being similar, adjusted for risk. High interest rates, thus, just invite currency depreciation (to compensate for the high rate of explicit interest) as no central bank would rationally set their policy rate at, say, 12%, if they could set it at a fraction of that and avoid inflation. Inflation being the definition of currency depreciation (something we’re fortunately not suffering in Canada, with the CAD$ only having depreciated approximately 1.6% YoY).

Its the low rate environment which historically provides savers with better overall real after-tax returns. Those who pine for a return to double-digit interest rates, ala Trudeau version 1.0, rather sadly, are also asking for poor implied returns as the only reason why we would get back to double-digit rates is if Canada had a double digit inflation problem to deal with.

On that note, speaking of deflation, just got off the phone with a friend of mine in Calgary. You know, the one who is separated and hasn’t made a mortgage payment in over 6 months with no action from the banks. They decided to engage a different Realtor as their sales contract expired, and the ‘highly recommended’ Realtor they went with refused to even though the listing without its price being reduced by 20%. Which is down $100k from their previous price, which was the value of their loan (they bought at the 2012-2013 peak putting down roughly 5% + closing costs). So basically they’re gonna have $80k in unsecured debt to deal with in their future lives. Sad indeed, but perfectly predictable. At least they both still have jobs with very little correlation with the oil and gas industry (medical transcriptionist and computer networking wiring tech).

#257 debtified on 01.23.16 at 9:55 pm

The beauty of being liquid and not saddled with debt is that when the vet told me that my dog needed surgery, the 1st and only thing I could ask was how soon can we get it done. Only after all the arrangements were that I found out about the huge bill and, even then, I didn’t care.

Get well soon, Bandit!

#258 MF on 01.23.16 at 10:05 pm

#222 ANON on 01.23.16 at 6:06 pm

Lol.

Confession: I’m a cat guy. I’ve been keeping it secret for a while!

..And I really enjoy Felix’s posts.

MF

#259 A box in the Sky on 01.23.16 at 10:09 pm

#239 Brazil ex-pat on 01.23.16 at 7:32 pm

Funny how the west is freaking about 0% interest rates. Here in Brazil…….cash gets 12% in the bank. Yes the $R has fallen against the dollar. But the beautiful food here has not changed in price. Only things like Iphones and Samsungs really. My wife’s Made in Brazil awesome printed leggings were $25 Cdn. You’d pay $125 at Lu Lu China. So much of what we talk about with inflation and cauliflower is relative I guess.
—————————————

This is such bs.

Why would a bank give you a risk free 12% return on your money (since you claim there isn’t any inflation).

When you were typing out your post didn’t you realize how stupid it was?

Long term returns on equities are around 7% and that’s because of the risk premium over bonds and cash and this joker is claiming he’s getting 12% out of the goodness of a brasil bankers heart.

Lmao.

If you did a quick google you’d realize the inflation rate is actually 10.7% bro.

#260 Keith in Calgary on 01.23.16 at 10:12 pm

#251 Barry McCociner………

Yet there’s been no West Nile disease….SARS…..Legionaire’s disease, etc……in Brasil.

Why don’t you go catch a fish in Lake Eire and cook it up eh ? Tell me how you feel after you get off the throne.

It’s easier to see clearly when you pull your head out of your ass.

#261 A box in the Sky on 01.23.16 at 10:27 pm

#93 Sheane Wallace on 01.22.16 at 8:19 pm

Both a non-sense. You have no idea what volatility we are going to face in 2016. If you have defensive portfolio you sleep well. If not, you get heart attack.
————————————-

I’d rather stress over my portfolio when I’m in my income earning years and if I’m unlucky enough to live through multiple stock market crashes at least I know I’ll have time to earn more income working and I will adjust my life goals accordingly.

Having a defensive portfolio now during your income producing years so you don’t have any volatility/stress is going to bite you hard in your old age when you run out of money. How much fun is that going to be? Geeze, get stressed about finances in your 30’s or get stressed in your 60’s, I wonder which is worse for your overall health and life expectancy?

Nobody should be putting their living expenses into the stock market. The stock market is for long term investable money that is going to stay invested for years and better still decades so you can ride out the volatility and capture the risk premium.

#262 young & foolish on 01.23.16 at 10:43 pm

“I believe Garth charges 1%.”

It seems that applies to accounts under 1 million (a poster a couple of days ago was told that he was paying too much at 0.9% on 7 figures)

#263 Millmech on 01.23.16 at 11:09 pm

#258 MF
Check out Simons Cat on YouTube,great animation for cat lovers!

#264 BG on 01.23.16 at 11:10 pm

#160 jane 24

You almost make it sound like responsible owners should feel guilty for taking care of their pets instead of trying to save more dogs from refuges.
I disagree.

The way I see it is: when you take a pet you make a commitment. Stick to it and you’ve done your part.

If every owner took their commitment seriously, there would be virtually no need for refuges.

It breaks my heart that so many dogs end up in refuges, there must be ways for a dog lover to help fighting this phenomenon. But in my opinion it should not change the commitment you made with your pet. It should come as an extra.

#265 Entrepreneur on 01.23.16 at 11:25 pm

We love our pets and get well soon Bandit! You can’t beat that unconditional bond and love.

Wish the best to everyone in these tough days. Just finished visiting a friend and people are not buying too much. Money is going to other things and not to vendors. Cheaper to buy at the big stores. Times at not looking good for the small guy.

#266 Bottoms_Up on 01.23.16 at 11:28 pm

#215 TRT on 01.23.16 at 5:10 pm
——————————
Those are false choices. And the MSM is not an acronym for the cumulative results of thousands of scientists that have proven humans are causing global warming.

#267 Ronaldo on 01.23.16 at 11:30 pm

#236 Toronto Dweller on 01.23.16 at 7:21 pm
”@ 217 Freeman
Interesting point, but aren’t most goods (excluding oil h shipped by trucks nowadays?”

Check this out.

http://www.railcan.ca/education/facts

#268 Brazil ex-pat on 01.23.16 at 11:38 pm

How about the Zika Virus? Or the polluted waters? It will be an interesting olympics this summer when all the water sport athletes get terribly sick. I think they should boycott the olympics since no medal is worth canoeing/kayaking in sewage filled water.

Brazil is not the bees knees you make it out to be.

++++++++++++++++++++++++++++++++++++

Brazil has 210 million people. Yes there is the zika virus. 45,000 people die of the flu every year in N. America. It does not mean you don’t go out all winter. Brazilians know the media and govt are just trying to scare them in order to get ratings. It doesn’t work here. In fact there have been 7 large riot police protests against govt since Jan 1st. How many have their been since T2 announced pissing away 2.4 billion on the global warming hoax? Exactly. Zero. Canadians never protest and that is why taxes will continue to go up and govt will continue to grow.

To the next gentleman that states “This is such BS” Have you been to Brazil? Or are you just pissed off at how little you get in interest in your bank. And inflation rate? So when was the govt inflation rate actually correct anywhere? Its been rising steady in Canada at 10% a year every year for years. Food goes up. MSP goes up. ICBC goes up. Property tax goes up. Taxes goes up. But the govt says that we “we eat and heat our homes with cheap laptops and tvs” so that is why inflation is low.

Inflation is NOT high in Brazil unless you are buying luxury items. Oh and here is the latest interest rates from the Brazil Central Bank Mr BS:

http://www.tradingeconomics.com/brazil/interest-rate

BS is the REASON we left Canada.

Cheers.

#269 45north on 01.23.16 at 11:41 pm

Freeman: Yes, American police are now targeting Canadian snowbirds precisely because they know that many snowbirds carry large amount of cash.

your link points to a story written in Sept 2014. It’s a year old

thinking about my interactions with police in the US

– we were lost in Long Island. A police officer ( a woman ) was quite helpful

– we were driving through Detroit and a police officer pulled us over for driving in the wrong lane or something. He gave us a warning.

#270 Brazil ex-pat on 01.23.16 at 11:47 pm

Speaking of BS. Ten years later we are still waiting for Mr Gore’s Global Warming:

http://www.cnn.com/2016/01/23/us/weather-winter-snowstorm/

#271 liquidincalgary on 01.24.16 at 12:00 am

#202 Darryl on 01.23.16 at 2:22 pm
#181 Rick on 01.23.16 at 9:14 am

Like the chick with the ankle bracelet, hot:)
——————————————————————–
Watch out . These days she could be a he .

=========================================

that comment reminds me of a ‘kenny vs spenny’ episode

#272 liquidincalgary on 01.24.16 at 12:29 am

Smoking Man on 01.23.16 at 8:16 pm
#237 Shirley Valentine on 01.23.16 at 7:25 pm
211 Smoking Man on 01.23.16 at 4:31 pm

Inspite of breaking my middle finger, damn stairs last night, having an x files Marathon all day and all night

The gambling little voice inside the head says, COME TO SENECA MY SON.

I come to this blog, I smoke, I drink, I gamble.

I believe this is called an addictive personality.

Helps big time in business , sucks for personal shit.
**
Breaks his middle finger giving it to all his critics, loses $5 mil and goes right back at it.. There is only one studly smokey man.. I’ve got the bracelet off today…..COME TO SHIRLEY BABY!
……

Shirley

But with you, I’ll make an exception.

P’s, don’t care if your old, ugly, gay, black, lesbo, tallaban, or this is a stretch, liberal.

========================================

soooo, male is OK for you.

#273 LP on 01.24.16 at 12:29 am

#160 jane 24 on 01.23.16 at 1:13 am

I don’t hate you Jane…I agree with you. We’ve sadly had to let some of our dogs go due to the horrendous cost of a proposed treatment.

We hardly ever had the money on hand though we might have taken out loans if we thought it a good use of scarce funds. But we were always stopped by images of starving and suffering children and it was to them that our money went – and still does.

We all make choices and I’m not castigating those who choose to spend their money on pet emergencies. Just pointing out that the alternate view is okay too.

#274 TRT on 01.24.16 at 1:56 am

@Mark post 256

“Perhaps so, but probably with >12% currency depreciation to match as the “12%” is paid in local currency,”

Can you stop posting BS like this!!! India has had greater than 8 percent deposit rates for years and their currency has appreciated against ours over the last 2 years. So quit making up economics!

Good grammar and syntax does not make you a numbers guy. Retire from this nonsense, I’m doing you a favour by being blunt.

#275 Leo Trollstoy on 01.24.16 at 3:14 am

I’d rather stress over my portfolio when I’m in my income earning years and if I’m unlucky enough to live through multiple stock market crashes…

agree with your post except for the above. if u young, having more price collapses is lucky. very lucky. if u old, then not lucky.

#276 The original dave on 01.24.16 at 8:25 am

I’m starting to believe that a watched bubble doesn’t pop. Many were caught off guard by the fall of oil and the canadian dollar – myself included. The fact that year after year there is concern about real estate prices and potential declines actually hurts a potential decline. Isn’t the saying that markets climb a wall of worry?

Not saying there won’t be a decline, just that the general public and consensus is typically sideswiped by the propped up asset that drops

#277 Leo Trollsoy on 01.24.16 at 9:20 am

#274 TRT on 01.24.16 at 1:56 am

can’t fix dumb. sorry. reality punishes the dumb so it’s ok

#278 Fat Feijonights on 01.24.16 at 9:46 am

#239 Brazil ex-pat on 01.23.16 at 7:32 pm
Funny how the west is freaking about 0% interest rates. Here in Brazil…….cash gets 12% in the bank. Yes the $R has fallen against the dollar. But the beautiful food here has not changed in price……”

I found the food in Brazil to be very fattening and not tasty at all….enjoy your feijoada and 12% rates is that’s what you are into. Don’t forget to hit the gym afterwards….

#279 MF on 01.24.16 at 10:16 am

#263 Millmech on 01.23.16 at 11:09 pm

Lol those vids are funny. The cat mannerisms are perfect. They always look like they are thinking. Thanks for that.

MF

#280 Brazil ex-pat on 01.24.16 at 1:13 pm

#278 Fat Feijonights on 01.24.16 at 9:46 am
#239 Brazil ex-pat on 01.23.16 at 7:32 pm
Funny how the west is freaking about 0% interest rates. Here in Brazil…….cash gets 12% in the bank. Yes the $R has fallen against the dollar. But the beautiful food here has not changed in price……”

I found the food in Brazil to be very fattening and not tasty at all….enjoy your feijoada and 12% rates is that’s what you are into. Don’t forget to hit the gym afterwards….

+++++++++++++++++++++++++++++++++++

Well that may be your perception but I certainly do not miss the sea of Tella Tubbies I see whenever I would leave my home back home. People here are in far better shape and take pride in how they look.

#281 Kootenay Ma on 01.24.16 at 1:37 pm

On the Pet expense topic….

Raised 4 kids, one still here :) at 16 still in school.

Renting :)

Had several pets, but no huge expenses. I did have a Border Collie cross with cataracts we could not fix, so she did go blind but we had her every step of the way, we were her seeing eye People, and she had a great life.

Always bought very good food, and always added nutritional yeast to their food for nutritional ‘insurance’.

Now we added a new puppy last year, Tova the Border Collie/Aussie Sheppard cross, and got Trupanion pet insurance. Chose rate and deductible to reflect those unexpected high pet bills – the $1000-$3000 not planned for kind, to keep the monthly fee low. (vets are pretty expensive now)

Now I enjoy this 1 year old lovely young dog knowing I can handle a tough vet bill surprise with love and no unexpected financial stress, or a hard decision for the wrong reasons.

They say start the pet insurance in the first year for lowest rates, and that only 5% of North Americans use it.

Maybe a growth industry (!) ?

take ‘er easy Bandit buddy

#282 Jules on 01.24.16 at 4:29 pm

Awwwwww poor Bandit! Such an adorable and unusual looking Chow. Best wishes for him. Regarding who got better heathcare, this morning I was just thinking about how much my last 18 months of cancer treatment would have cost me if I had to pay for it. I would have been more than bankrupt I’m sure. I’ve often thought that in Canada we should get the bill with any medical procedure so Canadians would have a greater appreciation of our medicare system.

#283 crowdedelevatorfartz on 01.24.16 at 5:20 pm

@#246 Sask Boy
“Iran is the new oil frontier. They can dig the crap out for $5 per barrel. Move over Dubai…..”
+++++++++++++++++++++++++++++++++++

Not according to The Economist ( Jan 9/16) page 19.
The “break even” oil price in US dollars:
Canada = $68
Russia = $51
Norway =$39
Iran = $28
Iraq = $21
Saudi Arabia = $13
Kuwait = $10

P.S. They “pump it” out.
Only Canada has to “dig it” out