A few Saturdays ago this pathetic blog went seven days a week. Like CNN. Or the cops. Or the over-worked, don’t-you-dare-unionize child scoopers at the Belfountain General Store. It was an attempt to add more texture and depth to the usual monotonous drivel proffered here.
Since the readers are apparently all 1%ers with Lambos and hot wives, it seemed appropriate to ask two puffed-up, overly-educated, analytical professional portfolio managers, with more letters after their names than in them, to be weekend contributors. Besides, they work with me so they come for free.
Thus, Doug Rowat and Ryan Lewenza have been contributing thoughtful, poignant pieces which many rabid dog commenters have delighted in shredding. That’s cool. I told them both to put on their Big Boy portfolio manager pants when they entered this blog site. It’s a huge departure for them, since most people genuflect when they see Doug or Ryan (or their entourage) coming off the gilded elevators on the 53rd floor of the bank tower we hang out in.
Unbridled criticism of ideas is, obviously, welcomed here. So when Ryan says the equity market is in a bull mood and will stay there for a long time, or Doug boldly forecasts interest rates will rise in three weeks, it’s fair game to eviscerate their positions. They can take it.
What isn’t so cool is when some people suggest this blog’s going corporate on them. So today I will post a few words on the subject of subliminal marketing, GreaterFool style. If you play this blog backwards, in other words, will it actually instruct you to give your money to Turner Investments? Are all the dog pix just to break down your natural defences and render you susceptible to financial plunder?
Of course. But R&L are still here to impart their collective 35 years of market smarts. So benefit from it. The blog stays free, and naked of advertising.
Having said that, I make no attempt to hide the fact I have a day job (as well as a weekend one). Seven years ago I was a financial book-writing, media-intense, lecturing little guruette. After being asked by so many people to look after their family finances and start an investment advisory practice, I did. Now it’s among the top 3% in North America, substantial enough to attract high-priced, know-it-all, infallible partners like Rowat and Lewenza. Our clients are national (about a third in BC, forty per cent in Ontario and the rest in the flat, bumpy or swampy areas).
So I decided to walk the talk. As a guy who looks after other people’s money I eschew commissions of any kind, because collecting them puts you in a conflict-of-interest position. All portfolios are balanced, liquid and globally-diversified, as I have detailed here. They don’t contain volatile stocks or ridiculously-expensive mutual funds, but modern, low-cost ETFs. It’s not just about investing either, but reflects what this blog does – the integration of tax strategies, retirement planning, real estate, budgets, risk management plus hormonal control, moister therapy and marriage counselling.
So I like what I do, especially now that I have two deified, elevated portfolio manager dudes as partners who get off on technical analysis and staring deeply into their Bloomberg terminals. It’s satisfying work helping people navigate the financial stuff so they can concentrate on their families and jobs. After all, the goal of life isn’t a house. It’s not a pile of money. It is making the most of what you can never earn, borrow or steal – time. Wealth just helps.
Anyway, asking the pontificating Rowat & Lewenza duo to give up every second weekend to come and talk to you was a blog decision, not a business one. We have enough clients. Ryan already has three Porsches (although he might have said ‘porches’). What I wished to do was make this site better, deeper and a touch less pathetic, even if is for but one day a week.
If you don’t approve, I have an app for that.
196 comments ↓
I like whatever you bring my way.
Just curious Garth, have you ever considered creating your own ETF product or products?
#141 Brazil ex-pat (Trumpkin)
The trumpkin virus is very strong with this one. So sad. Heir Drumpf said he loves the uneducated. He loves you very much.
Personally, I like the balance the Saturday boys add.
Welcome the addition very much….. broadens it out from RE nearly every day!
I figured Doug and Ryan were going.. hey bossman, we do all the heavy lifting and all you do is endlessly blog about hormones and RE… to which you replied ok dudes let’s see you try even one day a week!! Can they keep it up!
Fun blog.
Huh, reminds me of Jimmy Pages response to playing Stairway to Heaven backwards. He simply said his turntable didn’t play backward.
If they had any reading comprehension these people would have picked out the free advice offered to actually start to build something even without having enough to turn to you. Ingrates and fools. I see the good you’re doing here, thanks.
Flaming Moe episode was a classic
You need to rent a marvelous summer retreat up north for a few days as the low season kicks in shortly and invite the two executives with their wives to party. I would enter it under a Board meeting expense to be charged off. Saw a few good ones with lots to desire including the billiards room and even a ping pong table for sporting events.
Garth,
Thank you for your great insight; I’ve been an avid reader for about 8 years now.
I have a question about withdrawal rates, as this has been in the media lately. The rule of thumb has always been that a 4% withdrawal rate will ensure that one doesn’t run out of money. Now some money managers are calling for 2 or 3% withdrawal rates given a future of lower returns/interest rates. What is your take on this?
I have learned so much, and for the price! Well done guys.
Appreciate the post Garth.
Granted they have 35 years experience but how much of that experienced involved interest rates as low as they are today? We are in unprecedented times.
I still appreciate Ryan and Dougs efforts here.
Thanks guys.
Very occasionally, a bit of scripture says it best…
Give not that which is holy unto the dogs, neither cast ye your pearls before swine, lest they trample them under their feet, and turn again and rend you.
– Matthew 7:6
#1 Moses71
I like whatever you bring my way.
Me too.
The only trouble with this is the comments section which has become a closed loop of somewhat peculiar political and financial outlooks.
You (Garth) may tolerate it due to your ability to “take it” but I’d bet there is a plethora of valid comment and question out there not posted because the reader simply doesn’t want to be subject to the vicissitudes of the place.
I’m really enjoying Doug and Ryan’s technical analysis. Where else would I get free access to their expertise.
That being said, I could do without the mental image of a naked Yellen while I’m eating my saturday eggs. Thanks Doug.
I haven’t missed one post in last four years. Learned so much. Appreciate all free advice. It is really great to have Doug and Ryan join in. Thank you guys!
Funny, I read Saturday’s blog and thought I can’t wait for tomorrow’s blog because I thought how childish Saturday’s blog was. Childish in that usually grown men don’t need to diminish intelligent women of any age by being drumpf like and commenting on their appearance. Obviously Doug is not a grown man.
But then I read your chauvinistic comment ” 1 %ers with … and hot wives” and I think hmmm … birds of a feather.
What is with the constant disregard for your female audience?
Actually that diminished the men. Too bad your prejudice caused you to miss it. — Garth
I have some bad news as will not be giving my latest adventure tour for high rise apartment buildings. It appears that people went on one of my tours and drifted into a new neighborhood by walking around down the leafy street. I know what they saw and hooped an apartment there. My apartment cartel website has been cleaned out which suggests there is now a waiting list.
Saint Theresa.
Eventually, Saint Garth.
Although I don’t agree with some of the USA-pumping, underweight Canada sentiment that the guest bloggers brought to the weekend editions, I do agree that some of the treatment, especially in tone, but even in substance, was shameful from certain participants.
The “ban hammer” may very well be useful to those who cannot debate respectively or who bring no useful content to their posts (yes, I’m looking at you WalMark!).
“Granted they have 35 years experience but how much of that experienced involved interest rates as low as they are today? We are in unprecedented times. “
So true. I read so many analysts who try to apply the logic of changing short-term interest rates, to changes in long-term interest rates. Coming up with unbridled nonsense such as “insurers do better with higher interest rates”, or “bank earnings should increase with higher interest rates”.
I don’t know if the analysts that claim such either have no macro background, ie: blissful ignorance of what rising long-term rates do to interest rate sensitive asset valuations. Or if they’re merely pushing the position of their employers, usually financial institutions heavily dependent on high long-term asset valuations (ie: low long-term interest rates). What I do know is that if most analysts working today try and draw exclusively upon their “past experience”, ie: the past 30-35 years at best of the falling long-term interest rate environment, they’re prone to making some colossal mistakes in their analysis. “Experience” is great, but part of the maturity of “experience” is also knowing when one’s “experience” is irrelevant to the situation at hand.
Can’t you open an American office and handle clients down here? Hell, an 8 x10 and come one day a week/month.
A few Saturdays ago this pathetic blog went seven days a week. Like CNN. Or the cops. Or the over-worked, don’t-you-dare-unionize child scoopers at the Belfountain General Store. – Garth
There’s ice cream scooping child labor going on at the Store 7 days/week ??? Well, we need to boost GDP – the govn’t must have approved it… anything helps these days.
Props will go to Rowsie if he gets the Sep Rate hike call right..so my question is that since it is a “longshot” but the call has been made… Are you setting up the Portfolios for this rate hike event or are you setting them up for a non-hike?
Of course the natural answer is that it doesn’t matter because your portfolios are invested for the long term, but if that is the case why make a call at all?
Calling for the hike may mean adding more Prefs and selling some REITs. I will stay tuned for any hints dropped, if any, along the way.
Ryan and Doug would voice together and cry we invest in such a way!
Thank You Thank You Thank You Much appreciated.
M50BC
There is a part of Toronto which has turned negative as condos are being dumped at a rapid rate in the area and not necessarily found on MLS. This caught me by surprise as its not a bad area to live in. What is happening at Yonge and Eglinton?
Ross Kay talks about the collapsing Vancouver real estate market – This Week in Money: http://www.howestreet.com/2016/09/03/this-week-in-money-64/
#11 MoneyfromA$ia on 09.04.16 at 3:10 pm
“Granted they have 35 years experience but how much of that experienced involved interest rates as low as they are today? We are in unprecedented times. ”
————————————————————–
Regarding low interest rates? Take a look at the 1950’s and 1960’s.
#17 Vesta Durham on 09.04.16 at 4:01 pm
“Calling for the hike may mean adding more Prefs and selling some REITs. I will stay tuned for any hints dropped, if any, along the way.’
————————————————————-
By raising the rates from 0.50 to 0.75, we will not be experiencing an earth shattering event.
Somehow I don’t think it’s a good idea for a financial advisor to brag about how many porches they have. Probably trying to compensate for something.
Libor rates rising and other indicators suggesting that credit is tightening.
I have my TSX chart updated: http://www.chpc.biz/tsx-indexes.html
… the commodities index has been turned away at resistance.
I suggest the next phase will be competition for income as credit drys up for those at the margin. It’s not so much that cash will be king, but cash flow will determine what assets get re-marked to market.
German anti-immigrant party beats Merkel in her home district
———-
keybridge pr firm — word framers for hire
http://fair.org/home/pr-firm-says-it-ghost-wrote-thousands-of-op-eds-in-major-us-papers/
Best read on the Internet, bar none.
Added bonus – don’t need to ad block to actually enjoy it!
I can’t say “thank you” enough, and prod others to read what’s written here.
Hrm…my urge to invest with GT just jumped. I wonder why~ any plans to open up an office in the US? Socal maybe?
Does that mean InfLewenza isn’t mad at me anymore?…
M42BC
This is to be added to the economic model as cannot be done correctly with three parts. It appears from experience a new trend is taking place which can be expected. Those who have sold condos are rushing to rent up the better high rise apartments whereby the renewal is virtually guaranteed. This will leave nothing for those who sell later on the way down but another condo to rent which has no guaranteed renewal or they will be forced out of the core in search of a high rise apartment building. I call this the upcoming chain reaction – good luck with that nightmare!
“I suggest the next phase will be competition for income as credit drys up for those at the margin. It’s not so much that cash will be king, but cash flow will determine what assets get re-marked to market.”
Sounds very deflationary to me, especially in the labour market.
I know where I live was hit by a pretty severe hail storm. To get a roof done or siding replaced even 2-3 years ago (ie: at the peak of the RE market) involved a 4-6 month lead-time with the contractors. Many wouldn’t even respond with quotes.
Fast forward to today, not only are contractors sending their soon-to-be-severed construction guys door-to-door soliciting business, but they’re taking bookings a week or two out for new siding, roofs, etc.
What a difference a few years of stagnation in the RE market has meant to the construction sector. Wages and prices will follow accordingly. Replacement costs on housing are dropping. Discount rates on long-term assets are stabilizing and will eventually start trending upwards.
2005/2015 was a lost decade financially for me.
The first half of the decade I waited to see what was happening with Vancouver real estate and didn’t commit my money to anything substantial.
Then after the Olympics my wife and I started to downsize and looked to move to Australia so I did not start a TFSA when I should have.
I can’t make up for this lost time but now we don’t waist our time going to look at overpriced real estate and both have the maximum allowed in our TFSAs.
For committing this crime I have sentenced myself to a lifetime of reading on this blog.
You guys are good cell mates…
M42BC
“the flat, bumpy or swampy areas.”
Well, now we know what the title will be if ever there’s a Greater Fool-sponsored adult film.
I at least kept my promise to Doug as never asked him one baited question. He threw Sir Lew under the bus with an excellent essay, and might be going for an early dinner tonight looking for a new client as they are there of all ages. Some of these women could write out a check for $1 million as pocket change to invest.
Garth, I have read your blog now for 8 years…. I am sure you give good and sound financial advice except real estate as an investment… I live in Vancouver and have been more successful with that investment than any other…too bad you didn’t advise some of your followers to balance their portfolios with some portion of that 8 years ago….
You recently sold and realized the gain. Right? — Garth
So when Ryan says the equity market is in a bull mood and will stay there for a long time, or Doug boldly forecasts interest rates will rise in three weeks, it’s fair game to eviscerate their positions. They can take it.
They’re both right.
Although I don’t agree with some of the USA-pumping, underweight Canada
Cuz you’re again wrong
@#141 Brazil ExPat
“Go watch Clinton Cash, The Clinton Crime Family and all the Dinesh D’Souza clips you can find all mentioned on You Tube….then come back and tell us how BAD Donald Trump is……I dare you…..”
******************************************
Ok
We get it. You’re the founding memeber of tghe Dinesh D’Souza fan club.
Did you meet in prison.?Was he your cell mate?
If anyone is gonna recognize scammers and liars its an ex con like Dinesh.
http://www.google.ca/url?url=http://wonkette.com/597226/convicted-felon-dinesh-dsouza-still-mad-obama-put-him-in-jail-like-a-common-felon&rct=j&frm=1&q=&esrc=s&sa=U&ved=0ahUKEwiJhKDkzvbOAhXCKWMKHYtpCrQQFggaMAE&usg=AFQjCNHe-Ssao9BCBeBX5akb6km0sB_VkQ
Gee Dinesh hates democrats…. what a surprise……
……no agenda there eh ExPat?
“Experience” is great, but part of the maturity of “experience” is also knowing when one’s “experience” is irrelevant to the situation at hand.
An unemployed engineer who admits they can’t get an interview with HR commenting on 2 experienced senior Vice Presidents.
Laughable and derpy both at the same time
Garth, if you can package the junk mortgages into little triple A packages and sell them as sound investments, i’m in. People in way over their heads in my new neighbourhood – likely a snapshot of the greater picture. I’m too conservative for this overextended planet
Added bonus – don’t need to ad block to actually enjoy it!
Bingo. Awesome perk
Yes. Garth and the boys are successful. Guaranteed to bring on some envy and jealousy. Human nature.
It’s why my Freedom First lifestyle demands that I keep a low profile in my life. I love many people, but only share with people I trust who are also brilliant.
Like the Simpson’s cartoon and the Saturday Posts of R&D are a welcome and appreciated addition.
A friend of mine pointed me to you blog about 6 or 7 years ago and I’ve read it daily ever since. I can’t thank that friend enough. Best decision we made was moving the money outside of our pensions to you years ago. Love the insight and look forward to many more years of posts. Enjoying Doug and Ryan’s views as well…plus, as a fellow dog owner, dog pics are just icing on the cake.
OMG the holy trinity!
…right on #12 Damifino re Matthew..and to continue with M. 7.7:
“Ask, and it will be given you; search, and you will find; knock, and the door will be opened for you. For everyone who asks receives, and everyone who searches finds, and for everyone who knocks, the door will be opened.”
Many thanks to the three of you…….Doug, Ryan and Garth…..of course business will come your way – in ice cream sales or financial advice (and why not)…. ‘better the devil you know’ etc.
Anyway, in return for helping us, the triumvirate receive an opportunity to influence what and how we think about all things financial. Not a bad trade off.
Not bad Garth.
http://www.turnerinvestments.ca/commentary_archive.htm
“Although I don’t agree with some of the USA-pumping, underweight Canada
Cuz you’re again wrong”
Certainly not this year. The TSX has solidly outperformed the S&P500 by a considerable margin. And at P/E = 15, strong earnings growth in sectors like the banks, and the commodities sector bottoming out, not to mention the gold sector starting to come alive, there’s a very long runway of relative growth.
It’s your blog you can get monkeys to add their random key strokes if you want.
The diversity is welcome, even if not quite as edgy. Heck, to do that, they’d need your attitude which, fortunately, is as rare as 1%ers on bumpy land.
Spent the day on the lake. A bit choppy but the best seat in the house to watch the air show.
But it’s nothing compared to this one in two weeks.
http://www.airshowlondon.com/performers/#
Wondering if I should fire up my plasma flier and really show them how to fly…
World’s not ready yet… Late November or Early December.. How is that for subliminal…. :)
It’s days like this I’m glad I can’t farm,fish and forest…
M42BC
https://imgur.com/a/2Tres
“2 experienced senior Vice Presidents”
Sounds like you missed the point entirely WalMark (as usual). Someone relying upon their ‘experience’ and not other methods of analysis that look further into history and/or use solid macro analysis cannot properly assess the impact of a rising long-term rate environment because they’ve never experienced such.
In the case of the USA pumpers, the logic is basically, “the USA did well in the past relative to Canada, therefore it must do well in the future relative to Canada”. Taking a view like that can be quite costly.
“If you play this blog backwards, in other words, will it actually instruct you to give your money to Turner Investments? Are all the dog pix just to break down your natural defences and render you susceptible to financial plunder?
Of course.”
That made my day. And been reading the blog for years, love it, and appreciate your advice (and humour) Garth… and also the fact that Ryan and Doug are willing to take the time and add their insights FOR FREE.
That might be too nice to be added in this blog’s comment section but I think 95% of your readers feel the same way.
Silly me.
But I always thought it was a privilege to write this blog and entertain the blog dogs.
I think somewhere there is symbiotic relationship here.
Like a couple that constantly argues, but stays united when it matters.
As they say in soccer: Never change a winning team.
#16 Pat:- I cherish a woman who can carry on an intellectual discussion over a fine dinner. Some men overlook the finer qualities that women have to offer. My take on life is men think they are the boss in a relationship, but no so, because when all is said and done it is the woman who makes the final decisions in the end. Women throughout history have always been the strength in a partnership but never get enough credit. Keep watching this blog as there is much to learn.
2 Senior Vice Presidents.
Garth, time to introduce your entire staff.
Got any Junior Vice presidents?
And I’m sure your secretary wears glasses and is very fast at typing.
#16 Pat
pathetic pat, missed the boat, took a wrong turn several blogs away….you can fix that… Many blogs for sad people
From fellow female reader, with xoxo
I’m o.k with Inflewenza and Robax not writing exactly like the boss.
As a few of us pointed out the first post or two of each was pretty stiff and nervous sounding,but both have relaxed and are becoming a better read with time.
I am glad they have added a bit of humour to their posts as that’s one of the things that makes this blog special and a different opinion is always welcome.
Garth is still the king of the castle ,but not everyone has the voice box of Barry Gibb and the ball sack of Georges St-Pierre…
M42BC
#36 Flop
Flop, you may not be a 1%er, but trust me, you are still far far ahead of the majority of people. Sad, but true. Keep going the way you are going and you will be just fine. Money is important, as it greatly aids bringing Freedom into your life, but it doesn’t buy being a good person with a sense of humour and compassion and empathy for others.
Fortunately, I have been Blessed, as I live with 0 financial worries, and, a clear conscience. Priceless. As always, my Freedom First.
#52 Smoking Man: – Where is the F-35? This is the dog that the Harper Government ordered telling us all how great it was costing us a fortune in R&D. The US can’t even get it to work and in a simulated fight with a plane decades old this dog lost the battle, so now its called the turkey.
Since this site is supposed to be investments, dogs and Harley’s, here is my conclusion report on the twelfth annual Warf Rat Rally, put on by the volunteers of Digby N.S. population 2,000.
A good time was had by all with perfect weather and much to see and do right up until nine tonight.
Of course the RCMP not wanting to be left out, showed up in force to stop each and every cycle leaving via the only downtown exit, to check for current inspection stickers, licence plate stickers and helmet DOT stickers at mid day today for two hours. No warnings, but fines I was told.
Class act right there, reminiscent of Boss Hogg and the southern cop stereotype.
I for one am glad you enjoy what you do, how many people out there are a glutton for punishment day in day out? I also reap the benefits of wise advice.
An earlier poster suggested your own line of funds. I would bite, especially if you have a precious metals fund! Come on, there’s a place for it somewhere!
Bless the British for the real news. Theresa May on behalf of the Canadian Government at the G20 meeting has just issued an official warning to Canadian officials. She says to avoid all honey traps while in China whatever that means.
…is that you try to bring knowledge normally reserved for the elites (there are none reading this Blog, if I recall your recent survey…elites as in the 86 richest Canadians that have as much wealth as Canada’s poorest 11.4 million or more than the bottom 1/3rd of Canada’s population; a.k.a., the 0.002%).
Rowat & Lewenza just add to that knowledge you are trying to bring to we the masses, well, less any of the 0.002% that read your Blog.
Thanks G, R & L.
Please let me join the chorus. Doug and Ryan are wonderful additions. Thoughtful commentary and near-priceless advice.
Sorry as thought Theresa May was one of ours but the same principal applies to those in Canada who are in China now.
52 SM,
This year’s CF-18 demonstration jet paint job commemorating the BCATP is awesome!
Thanks for ‘encouraging’ them to participate, great stuff being shared…..
How abut Smoking Man as guest blogger on Fridays the 13th….
Porsches are nice but I like airplanes
Garth, when I click on your Turner Investments page I see you have the most snarky look while standing between your dapper work bros. Why so snarky? Life is good, right?..Or did you hear that smiling gives you (more) wrinkles?
Can anyone tell me how much it will cost for a fee-based financial planner to do a retirement plan for an employee with no debts?
Fee-based advisors design, build and manage portfolios. Fee-for-service advisors give you a plan, then you’re on your own. The latter cost about $500 an hour and a plan can take five to ten. — Garth
#16 Pat on 09.04.16 at 3:41 pm
Funny, I read Saturday’s blog and thought I can’t wait for tomorrow’s blog because I thought how childish Saturday’s blog was. Childish in that usually grown men don’t need to diminish intelligent women of any age by being drumpf like and commenting on their appearance. Obviously Doug is not a grown man.
But then I read your chauvinistic comment ” 1 %ers with … and hot wives” and I think hmmm … birds of a feather.
What is with the constant disregard for your female audience?
Actually that diminished the men. Too bad your prejudice caused you to miss it. — Garth
…….
Pat do you ever ask yourself what the word would be like if all men converted to the femanazis agenda.
Think if every man on earth as a clone of T2.
You will have mass female suicide. Be grateful of the difference in our spices… Woman always hold the power over men.
With two exceptions, Angry Lesbians, woman void of self esteam.
Dr Smoking Man
PhD Herdonomics.
I think that the weekend addition of Doug and Ryan has been great and rounded out the blog nicely. Thanks for this.
#13 Metaxa on 09.04.16 at 3:21 pm
The only trouble with this is the comments section which has become a closed loop of somewhat peculiar political and financial outlooks.
You (Garth) may tolerate it due to your ability to “take it” but I’d bet there is a plethora of valid comment and question out there not posted because the reader simply doesn’t want to be subject to the vicissitudes of the place.
_______________
Yep, I keep coming back to learn and challenge my beliefs. I’m slowing starting to understand the value of REIT’s in a balanced portfolio but the tin foil hat crowd here is completely unnecessary.
#69 Jimmy on 09.04.16 at 7:01 pm
52 SM,
This year’s CF-18 demonstration jet paint job commemorating the BCATP is awesome!
….
Aggreed but in two weeks, Best Fighter ever built. F15 is going to be in London..
That sucker can go supersonic vertical. Even a good Nictonite pilot would think twice about dancing with that bad boy.
But the best thing is, its far away from Toronto hipster lunacy. It was hallarious following the loony left on Twitter this weekend… “Cancel the Air show its constipated my cat” or “The jets might traumatize refuges”
Snooty little lefty entitled brats….
I so wish of a real estate crash in Toronto, give these idiots something real to worry about.
#62 Context on 09.04.16 at 6:43 pm
#52 Smoking Man: – Where is the F-35? This is the dog that the Harper Government ordered telling us all how great it was costing us a fortune in R&D. The US can’t even get it to work and in a simulated fight with a plane decades old this dog lost the battle, so now its called the turkey.
……
That thing is a piece of crap… Should be named the widow maker… Ah shit I did it again. Second try.
Should be named the killer of my partner to be PC and all.
Vicissitudes had to look that up (#13 Metaxa)
All I can say is vicissitudes should not scare a free spirit.
I enjoy being able to visit this blog on a Saturday and read something new (that’s good – i.e. not the comments section!) Big thumbs up for going seven days a week.
#75 Smoking Man:- Who is the boss in your marriage you or the wife?
Re: #50 Mark on 09.04.16 at 5:44 pm
The commodities sector is topping out not bottoming out. I suggest you short the commodities index near the end of this September and take half profits at the end of January 2017.
I like Doug and Ryan’s contributions, no problem there. I don’t agree with everything they say but I don’t have to either this isn’t a religion. But they have good insight, worth reading. However today’s Garth post was a bit boring and lacked any real content. Yes you have given us 7 days a week and some other content and insight from 2 other guys for free and totally as a public service and maybe a bit of an advertisement for Turner investments if we like what we see but we are not in anyway compelled to read it or even agree with the free information offered. I think I already understood that. Even when I bought some of your books I think I understood the onus was on me to decide whether I agreed with the advice given.
Anyway tell Doug and Ryan they are doing fine but they could spice it up with some more hormonally inspired innuendo. They haven’t referenced the Amazons or the parties at Garth’s pad even once. Not even a reference to dogs or Hogs. They are taking it way to seriously.
And as for your child labor problems at the store, well my son is a bit weird he’s only 10 but he constantly talks about ways he could get a job and earn some cash so he can buy whatever he wants instead of having to plead with us over every purchase. We live in a rural area but there is a Tim Horton’s and Centex Station approved to go in here within an easy 5 minute walk and he’s likely to be the first applicant. And now that Nutley is raising the minimum wage to $15/h, I’d be happy enough if it happens the other choice is learning to ref minor soccer in a couple of years but then I have to drive him all over.
I like you, but I found this comment a bit boring and lacking any real content. — Garth
PS I forgot the funny part which is every time we drive by the site of the proposed new Tim Horton’s – Centrex station my son comments on the disappointing lack of progress construction wise. I keep telling him they won’t hire him until he’s at least 14 so they have 4 years but he wants to see some activity!
@#78 Smokey
““Cancel the Air show its constipated my cat” or “The jets might traumatize refuges”
Snooty little lefty entitled brats….”
*******************************************
Smokey.
I dont care what anyone sez…
Tonight.
YOU DA MAN !
I like you, but I found this comment a bit boring and lacking any real content. — Garth
Ha, ha, that made me chuckle and fair is fair. You just shouldn’t try and outwit Garth.
In any case my point was if you want to include Doug and Ryan on your FREE website you don’t have to explain it to us and I think they are adding to the conversation.
Not a single person in this world can predict what is going to happen tomorrow. Forget prediction, there is no even 100% analysis one can do for what is happening or what has happened. One can try as per their knowledge & experience. If you agree or not with that, but be respectful. Those are cowards who hide their identity to do that.
Ignore them Garth.
Or make the comment section for registered users only with their full identity
@#85 Garth Comment re: non+
” I like you, but I found this comment a bit boring and lacking any real content. — Garth”
*******************************************
You just crushed the soul of another impressionable millenial……..dont you feel anything you heartless sexist capitalist?
Some real talk on Mother Teresa from another smoking, and drinking man.
https://www.youtube.com/watch?v=GZiKAeJ9mAU
Stolen Haitian money, tsk tsk.
If any one of those Porsches are a Cayenne, then it doesn’t count. If it’s a 911 GT3 RS, then I tip my hat to you sir.
@#85 non+
Quit while you’re behind……
Smoking Man. Here is a nice picture you’ll like.
https://wtf.jpg.wtf/700/2b/86/1472985568-2b86ee6c5d348a344874cb94c20af517.jpeg
Oh and Garth
FYI.
My heartless, sexist capitalist. Comment was totally tongue in cheek…..
#89 crowdedelevatorfartz
Actually Garth’s comment made me laugh, it was good “chirping” hockey style. And I am not a millennial.
And at #91…
What’s wrong with having a son who wants to work? As Ben G. famously said, the first task any young man (not slighting women but take into account the years he lived) should undertake was to get some money.
#79 Baron David Rothschild on 09.03.16 at 9:06 pm
#77 Andrew Woburn on 09.03.16 at 8:40 pm
oh, i didn’t know it was part of the constitution, i thought it was like the DNC heavy hitter thing that robbed Bernie against Clinton.
==================
There’s a good summary of the US Electoral College on Wikipedia.
On rethinking it, I was wrong to say that Trump’s gain in the popular vote is irrelevant. In all but two states, whoever gets the most votes gets all the Electoral College votes for that state so if Trump can increase his popular vote in key swing states, he could surge to victory. It doesn’t seem likely at this point but it is not actually impossible.
His main advantage is the deep unpopularity of Hillary. When you think about it, the 2004 Democratic primaries were about potentially nominating the first woman president or the first black president. Half of Americans are female but less than 15% are black. She didn’t win. Hmmm.
#82 Context on 09.04.16 at 8:15 pm
#75 Smoking Man:- Who is the boss in your marriage you or the wife?
Got a whole chapter dedicated to when I met your mother.. You need to wait till Dec to find out. Now if you have a terminal illness or don’t think you’ll make to Dec..
Email me, I’ll send you free copy.
#3 rosie on 09.04.16 at 2:57 pm
#141 Brazil ex-pat (Trumpkin)
The trumpkin virus is very strong with this one. So sad. Heir Drumpf said he loves the uneducated. He loves you very much.
++++++++++++++++++++++++++++++++++++
Not even worth a reply…..
“Since the readers are apparently all 1%ers with Lambos and hot wives, it seemed appropriate to ask two puffed-up, overly-educated, analytical professional portfolio managers, with more letters after their names than in them, to be weekend contributors. Besides, they work with me so they come for free.”
I have the hot wife….
I had just clicked on your Turner Investments webpage for a look when the wife walked by and said “My God, Eric Peterson is looking old”. She thought it was a ‘Street Legal’ fan site banner.
I will tell at age 10 what we were doing both boys and girls to earn some money. We were in the farm fields from 7:00 AM to 5:00 PM picking beans in baskets for shipping.
When my kids (twins) were 10 they had two commercial properties they cut lawns at.
One was five acres, the other was three.
Granted they were my lawnmowers.
Granted it was my utility trailer and my vehicle towing them from job to job.
Granted it was me who bought lunch at the Subway just down the road.
Granted it was me who fueled, serviced and repaired the equipment.
But it was them who walked the expansive lawns, step after step, arrow straight for hours.
3 years of that and they knew all about getting school, grabbing a TQ or trade or degree…no more labouring under the sun for them.
Funniest part…over the years I would quite often get concerned inquiries from acquaintances as to how I was doing…they thought I’d fallen on hard times and was doing a mow and blow landscaping thing.
Not that there is anything wrong with that, eh?
That sounds worst investment than RE, unless you get them delivered to storage directly from the dealership and keep them there for 75-100 years.
Orange Swan Alert.
https://youtu.be/79OAyAc3G-M
Your blog turned my financial thinking around and gave me some direction for my financial future. Can’t thank you enough Garth. Keep fighting the good fight.
#100 Metaxa
You were the best father those kids could possibly have had. Sounds just like my own dad. It brings a tear…
The 20 fastest growing cities in the world are in Asia or Africa. With populations ranging from 5-22 million, their annual growth ranges from 3-4%. Not all markets are stagnant.
http://www.telegraph.co.uk/travel/lists/fastest-growing-cities-in-the-world/
For how long have you been saying they will raise rates? In all that time they’ve raised them a quarter point.
It’s not going to happen. There is no way out this time.
Look for the S&P500 to revisit the March 2009 lows when all is said and done.
Keep up the good work. The tragedy is not enough folks read your blog. If you don’t or can’t invest yourself then your firm is a good option. There are others but not many who have your values. Financial knowledge and appropriate investing is critical to having a good secure life. It has worked vey well for me.
Fair enough Garth, sure, I am one of these Pathetic Fools addicted to your blog; you’ve grown a thick skin and can dish it as well as take it, we are just having fun and breaking in the youngsters to hopefully get to your level. :)
Always appreciated, and don’t you forget that…
#150 – Karma
Plebs eh?
Fine then. You can join your “elite” friends WalMark of Sadkatoon and The American in providing the rationale on September 21, when the Fed once again fails to follow up the insignificant 25 basis point liftoff of nine months ago, with a second insignificant rate hike.
It takes “elites” like you and The American to ignore poor productivity, contracting ISM, 1% GDP growth, and the lowest labour force participation rate in four decades and simply take the Fed at their word.
How many times do you have to be lied to by these idiot central bankers before you clue in? There are no more rate hikes coming. This booming economy is a bubble, amazingly you can’t see it.
Here’s just one obvious sign, the Dow is at record highs and corporate profits have been falling for the last five quarters. Nobody cares, because it’s not bad news if the Fed says it isn’t.
Doesn’t matter that these idiots never see a recession before it starts, or a bubble until after it pops. Find out what they were saying about housing just weeks before it all blew up. Still trust them? Insanity.
Don’t burn all your excuses this month though, save some for December, and some for when the “really smart people” at the Fed begin cutting rates. It will be epic.
#26 AK
Yea, no where near interest rates of the last few years AK.
I’d embrace 3-4% over .37%
Hi Garth, perhaps you can have the comments section have a vote button, and then people can sort accordingly according to new, or top voted comments (I’m thinking like Reddit). Thanks for this great blog and educating me on finances and investment.
Always good to have several differing or divergent points of view…like everyone else, I’ve never learned a damn thing listening to myself talk.
Doug and Ryan definitely bring somethin’ to the party, and I enjoy their understated POV…or maybe it’s because I own 2 cats, too many fast cars, and no Harleys…haha
As far as the tone of debate on the blog, its considerably less rabid than several car blogs I’ve been involved with over the last decade, and somewhat less radical than many coffee shop/university/biker bar screaming matches…and the participants (whether I agree with them or not) at least have the experience to back up their advice/utterances.
One thing I do miss, however; is the live music that was usually droning away in the background, or menacing yer ears while the discussions played out…but that depended on whether the DJ was attempting to relive Joni Mitchells’ greatness, or whether Fist was on tour…
Can we do somethin’ about the music?
Re: Yesterday’s post
It’s a moot point now, but Yellen’s hair isn’t grey, it’s white.
I have to get warm and fuzzy because I dont like people making false accusations.
G, you saved my life. If it wasn’t for you, I would have never sought out a fee-based advisor – as no one would have explained everything as thoroughy as you did….so I’m forever indebted. Who knows what I’d be doing with my savings. I came across this blog many years ago (when 25 comments were a lot of comments), and I read it every day since.
Not that it requires explaining, a taker’s mentality will always assume that everyone’s goal is to get from others. Thank you for being of service to the people. You are a great, great, man.
Sounds like Turner Investments needs to poach a good Technical Analyst who believes in financial literacy to complement the team.
#111 Just a suggestion… on 09.04.16 at 10:37 pm
Hi Garth, perhaps you can have the comments section have a vote button, and then people can sort accordingly according to new, or top voted comments (I’m thinking like Reddit). Thanks for this great blog and educating me on finances and investment.
————
This blog is as perfect as it can be.
Garth, please delete this suck up wanna be loser.
We need more stories like this, off topic!
http://news.nationalpost.com/news/canada/the-story-of-the-canadian-vaccine-that-beat-back-ebola
The part-timers are fine by me.
This Week in Money: Ross Kay starts at 7:38: talking about Vancouver “your market is collapsing more quickly than forecast. Peak price happened in the first quarter of the year.”
listening to him, I conclude that next year substantial price drops will be evident. I feel a grave crisis in the Canadian spirit. Houses were supposed to be the means by which we would be made wealthy but they are the means by which we will be made poor. Now or at least soon, the Canadian people need to think that the government is on their side but that doesn’t mean that the government can undo what is done.
I think that we can learn from the Americans. They had many different kinds of mortgage modification programs and the net result was to make them feel confused and beaten. Enough with the bull shit! If you lose your house then you lose your house but that doesn’t mean you lose your job and it shouldn’t mean that you lose your family.
Ryan and Doug invest their time to share their perspective of the investment world and offer advice through their posts.
These are some of the investment gurus out there. And they are offering their perspective for free.
I like to read their perspective and would like to encourage them and thank them for their effort.
I personally find it difficult to see that the Fed will increase in Sept though. I think it will be Dec. All the same, Doug I like to see your thought process.
Thanks, Garth, for the years of financial education you provide to all who come to your blog. It is a bonus to have Doug and Ryan alternate on the seventh day with their different slants. Your blog has made a difference to how I invest. I enjoy reading the pearls of wisdom and have a daily chuckle or two.
So, its Sunday Story Time…
I keep on forgetting the time zone thing, I guess this is breakfast for most of you and guess what?
This story is about food!
And about the benefit of good business relationships.
I used to operate in the vicinity of Victoria, on the Chamber board, Pres of the Restaurant Association, blah, blah.
One of my contemporaries has a high end catering outfit. I’ve moved way up Island and sort of disappeared but one day I get an email.
“Put on your black and whites and meet me at my shop Friday morning.”
Sure, drive down, meet up ask him what’s up.
Tells me he has a gig and he needs my help.
WTF?
We drive his catering truck out to Royal Roads, used to be a military college but now is a university…the kind where you can get a MBA with large credit from your “life experiences” if you pay your tuition.
They are filming a movie.
Halle Berry is on set.
So I have a permission slip all signed by my wife and everything. Basically it states that if I ever find myself with Halle Berry I can do whatever she allows me to.
Ten years later my buddy remembers!
Guess who is serving Halle Berry lunch in her private trailer?
Me…that is who.
Her: where is the usual guy
Me: I dunno, sick maybe?
Her: you don’t look like you do this for a living
Me: (coy smile)
Her: (with a smile) Do I have to call Security?
Me: No.
So I told her the story, my years long infatuation, my buddy doing me a solid, how pleased and non-stalkery I really was.
She was sort of half and half on the giggle/pissed scale so I asked her to autograph the back of my permission slip. Once she read it she moved right over to the giggle side of things, signed it and stood up…..
She took a step towards me…
(man oh man, eh?)
She held out her hand, shook mine and told me it was time to go.
Those images sustain me to this day. Only sometimes its a bit more like Dear Penthouse than Dear Garth.
If you know what I mean and I think you do…
Doug and Ryan definitely bring somethin’ to the party,
Beach Girl?
I appreciate the balance they bring to the blog. I’m not so ignorant as to believe it doesn’t help the Garth ‘brand’ to have them here, but hey I’m not going to knock quality free advice. Besides, I love ya man, but there is only so much Turner I can take in a given month.
STATS Canada 2015
BC 4.683M Pop %33.33 client base
Ont 13.792M Pop %40 client base
Ont has 2.95 X BC Population
but only 1.2 X more Garth Clients
Per Capita Garth is 2.46 X more likely
to get a client from BC than his home province.
What’s wrong with the rest of you
Ontario ites ????
Must be BC’s clear water and majestic mountains that give us a clear mind to choose wisely.
I could say more but I will be polite today.
GT
When will you have a GT Fund so I don’t have to think so much? BRK worked out quite well.
STOCKS?
Okay, here’s my 2 cents. So far everything looks steady, no indication that the market is about to fall anytime soon. I’ll let everyone know when I see the next ‘SELL’ signal. It might be as soon as this week, so hold on to your laptop.
#100 Metaxa
Good on you. My dad often takes credit for the fact that I went to university and became successful because when I was young he subjected me to the sort of work he was doing “out under the sun”. Or rain or snow. He paid me fair for my age and experience so no hard feelings, and maybe he was right. I decided on school instead of pushing a wheel barrow full of gravel around in the rain and it worked out pretty well.
That said diverting to the uselessly personal he never expected the same of his daughters and they got free cars, houses, and recording contracts while he changed his tone and started to strongly criticize any of his grandchildren who were going on to post secondary. I don’t know why, but he now pretty much hates the grandkids he has who might make something of themselves and offers them no support or money, whereas those kids or grandkids he has that are obviously going nowhere he showers with money. I thing my mom has something to do with it. The money goes to those they can control. I’ll be glad if my kids end up free of that as I did, and working when I was young didn’t hurt in that outcome.
“the USA did well in the past relative to Canada, therefore it must do well in the future relative to Canada”. Taking a view like that can be quite costly.
I agree. It made us rich and you poor. I can see that
someone relying upon their ‘experience’ and not other methods of analysis that look further into history and/or use solid macro analysis cannot properly assess the impact of a rising long-term rate environment because they’ve never experienced such
they’ve succeeded in being employed. A low bar to be sure but one you admited on RFD that you had trouble with
Don’t burn all your excuses this month though, save some for December, and some for when the “really smart people” at the Fed begin cutting rates. It will be epic.
Don’t burn all your Canadian dollarettes this month, save some for December. You need a loan? We might be able to spare a few US dollars for you to buy groceries
The additional insight from Ryan and Doug is most welcome. I put more trust in Garth’s blog than all other sources of news put together.
Even so I can’t reconcile a September rate hike and remaining bullish. I have substantially increased my US cash position and plan to look for bargains after a 10% correction in September or October.
TIL Metaxa is a scary stalker
It is the best free advice one can find on the internet. Thank you
I enjoy listening to the Turner Investments report which is better weekly news wrap up than many so called news analysts and I thought the Great Garth never sleeps . I suggest between blogs, ice cream shop,financial shop ,dog walker,amazon tamer,husband etc. that cloning is real .LOL .I find it a rarity that a 1%er like yourself actually wants to educate and advise us who are the poor masses for free and not dictate or use us for your own gain .Thanks
#90 rosie
So many delusional Trumpkins looking for the truth at Zero Hedge. It’s a Russian propaganda outlet, nothing more-nothing less. Read something else Trumpkins. The truth might set you free.
http://bulgariaanalytica.org/en/2016/06/26/zero-hedge-вече-и-за-българска-употреба/
===
Are you able to you set your mind free of all propaganda and labeling Rosie?
For ten minutes?
During that time read and compare your link with these links:
https://en.wikipedia.org/wiki/Axis_of_evil
https://en.wikipedia.org/wiki/David_Frum
Has the truth set you free?
Which propaganda you prefer and why?
#125 Peter on 09.05.16 at 1:29 am
STATS Canada 2015
BC 4.683M Pop %33.33 client base
Ont 13.792M Pop %40 client base
Ont has 2.95 X BC Population
but only 1.2 X more Garth Clients
Per Capita Garth is 2.46 X more likely
to get a client from BC than his home province.
What’s wrong with the rest of you
Ontario ites ????
Must be BC’s clear water and majestic mountains that give us a clear mind to choose wisely.
I could say more but I will be polite today.
===================================
I am a true former BC’er, but I think the numbers you provide demonstrate the sheer lack of good advisor options in BC rather than any special acumen of those choosing to look outside the province…but hey, never miss a chance to try and put down Ontarionians…they did vote in Wynne, after all.
#110 MoneyFromA$ia on 09.04.16 at 10:23 pm
#26 AK
“Yea, no where near interest rates of the last few years AK.
I’d embrace 3-4% over .37%”
—————————————————————
I was talking about the U.S. Prime rate, Bud.
The current U.S. prime rate is 3.5%, which is the same as it was back in 1958.
#136
Zero Hedge the new blah blah
Sorry, you lost me. Most infotainment sites are full of it. Any fool realizes that sites like Zerohedge, Drudge, Fox news, Breitbart, Alex Jones etc. have an agenda. Be it conspiracy theories or US bashing or political lies. I read many points of view daily. Salon, Daily Beast, Mother Jones and Slate are equally suspect in their motivation. Point is, learn to read. Critically that is.
My Labour Day morning chuckle relates to finance.
robert benchley tresurer’s report youtube
A 1928 movie (8 min.). “Treasurer’s Report” – Robert Benchley.
#131 – WalMark
The excuses will be epic.
#139 rosie:- It appears you do a lot of reading, but your left out the best site of all.
#136 again
Read the article below and tell me what you think the underlying message is. If you can.
http://www.zerohedge.com/news/2016-09-04/after-snubbing-obama-china-gives-putin-red-carpet-treatment-warns-against-protection
@#137 billybob
“never miss a chance to try and put down Ontarionians…they did vote in Wynne, after all.
*******************************************
….aaaaand Christy Clark is sooooooo much better?
Give me a break.
I’d take incompetance over corruption any day of the week.
since it’s labor day in the u.sa. ……an older what if aricle
u.s.a. electoral college
Would Trump quit if he wins the election?
trump wins and doesn.t have the electoral college votes
“On the off chance he actually is planning to back out, what would happen?
Alexander Keyssar, a historian at Harvard who is working on a book about the Electoral College, said the process of succession would depend on “the precise moment at which he said, ‘Nah, never mind.’”
The party representatives who make up the Electoral College would suddenly have real power rather than a rubber stamp. If Trump bowed out after winning on Nov. 8 but before the electors met in each state to cast their ballots on Dec. 19, then the electors could have the opportunity to vote for another candidate, Keyssar said.
A majority of the 538 electors would be Republicans, but they might not agree on the best alternative candidate. If no one won a majority of the electors, the contest between the top three vote-getters — one of whom would presumably be Clinton — would go to the House of Representatives, where each state would be given one vote, while the Senate would select the vice president. House Republicans hold 33 states to the Democrats’ 14, with three evenly split. It is unclear whether the vote would take place before or after newly elected representatives were seated.
It is also unclear what would happen, Keyssar said, if Trump bid adieu after the electoral votes were cast but before they were officially counted, per the 12th Amendment, by the president of the Senate before a joint session of Congress in January. And if Trump left after the votes were counted in Congress but before he was sworn in on Jan. 20, Keyssar said the closest guidance would probably come from Section Three of the 20th Amendment: “If, at the time fixed for the beginning of the term of the president, the president-elect shall have died, the vice president-elect shall become president.” ”
http://www.myajc.com/news/news/would-trump-quit-if-he-wins-election-he-doesnt-rul/nrtsZ/
Trump is now solidly ahead , people are aware of Hillary’s criminality. Foregone conclusion Trump presidency. Our a sand box And smarts challenged Liberals are heaving in the leftist rags. It’s going to be hilarious to see T Ball Trudeau quivering under the Trump business machine. Trumps daughter will be a nightmare for little T Ball, never mind when the old man cancels all the phony Obama BS the way the liberals have unwound of well managed conservative policy.
Zero Manifesto:
to skeptically examine and, where necessary, attack the flaccid institution that financial journalism has become.
Clearly they don’t follow this fine upright blog where flaccidity does not exist.
I enjoy the guest bloggers. Especially since it means 7 days a week of content!
#139 rosie
#136
Zero Hedge the new blah blah
Point is, learn to read. Critically that is.
===
You have a long way to go on that road.
A good first improvement would be to be able to control yourself and not use the cheap tricks of bold propaganda in a dialogue when trying to dispense wisdom about the topic.
It undermines your message and introduces you as a communicator with poor skills.
I am checking out the monster cottages in the Parry Sound area and its a toss up between #410 and #421 who has a special on for three nights. Both have five formal bedrooms and a billiards room with facilities that would put Forest Hill to shame. Even a large guard dog can be approved having his own private bedroom. I wonder who owns these massive establishments as #421 has a 14 seated massive granite dining table.
#143 rosie on 09.05.16 at 10:22 am
#136 again
Read the article below and tell me what you think the underlying message is. If you can.
http://www.zerohedge.com/news/2016-09-04/after-snubbing-obama-china-gives-putin-red-carpet-treatment-warns-against-protection
===
Do tell us.
Predict new General ice cream flavor in late September. Served by the armfull by the weekend boys:
Humble Pie. (Not the band.)
Hair nets in place gents, keep foot out of mouth for health reasons ;-)
#151 Zero
It’s about how much the Chinese Premier likes Russian ice cream. So obvious. What’s your take?
Thanks AK for the reply. US rates look pretty low and stay low till 1959.
How many of those years do you think are within the 35 years of experience with Garths financial boys?
Are the times different now then when they were back then. Only ‘Dinosaur Garth’ may recall.
Sounds like an article Garth. “Are things different now or were we priced out then too?”
:)
To Garth and Associates,
THANK YOU, I first started reading your site when R.Carrick of globe and mail referenced you, and I have been here every day since.
When the World or stock markets are going through a particularly crazy time, I even listen to your podcast to help me with additional understanding.
I am embarrassed when visiting dogs do not behave well and growl and snap at you. You have thicker skin than me…comments not appropriate on so many levels,I’d hit the DELETE button, if I were you. Days that comments do NOT reflect topic, hit delete.
You have made me make wise decisions with regards to real estate and rule of 90. I CANNOT BELIEVE THE DOLTS OUT THERE AND THEIR DUDDY KRAVITZ MANTRA, a man without land is a nobody, their hearing turns to stone when I try to introduce them to investing…
I come here daily, because of your sound advise, save and INVEST now while you are working, so there will be a decent nest egg to retire with.
Believe me if it wasn’t for you, I’d have a wonderful home addition with a LOC of 300k going into retirement!!! Cause that is what the Jones’ have.
[email protected] never on told me about non registered savings, I simply figured life was pay off mortgage, keep topping up TFSAs and RRSPs, saving only for the next renovation!
You need to promote that concept of non registered savings, cause the money in that will really give one a quality retirement.
Thank you Garth,
In one of your posts last week, you mentioned that soon you will speak to how much does one need to RETIRE. I’m looking forward to that post plus at what rate does one withdraw funds?
What is a general store without a few gift baskets on display with an assortment of small items all wrapped up in a fancy clear plastic. The profit margin is juicy and there will always be someone wanting to buy a quick solution for a gift filled with goodies.
#152 TurnerNation on 09.05.16 at 11:17 am
Predict new General ice cream flavor in late September. Served by the armfull by the weekend boys:
Humble Pie. (Not the band.)
Hair nets in place gents, keep foot out of mouth for health reasons ;-)
/////////////////////////////////
I see the pricing of this item being contentious.
Will they keep the price of this ice cream flavour the same as before?
Or will they raise or lower the price by 25 cents…
M42BC
#153 rosie on 09.05.16 at 11:22 am
#151 Zero
It’s about how much the Chinese Premier likes Russian ice cream. So obvious. What’s your take?
—
In my take what was obvious is that Xi Jinping licking on the Russian ice cream was the General Secretary of the Central Committee of the Communist Party of China and the President of the People’s Republic of China.
Small detail compared to your discovery, I know… almost embarrassed to mention.
#116 Ponzius Pilatus writes:
#111 Just a suggestion… on 09.04.16 at 10:37 pm
…
————
This blog is as perfect as it can be.
Garth, please delete this suck up wanna be loser.
The blog may be perfect but the part where sometimes commenters forget to go to the post and instead attack or insult the poster might need some work.
Eh?
A general store before Christmas needs to take orders for the special Christmas Fruit Cake as what is being sold at the supermarkets is all garbage. There must be a local monastery making the good ones, and the Felician Sisters on Mississauga Road might know a source as they were from Poland. I went to university and took a course with Sister Smith who was the Mother Superior and you should have seen her home sitting on $ millions worth of land. They have a College now called Holy Name Of Mary and they still have lots of undeveloped land.
The best fruitcakes are here. — Garth
#159
Well played. You zero guys are clever bunch.
#141 Mark M. on 09.05.16 at 10:18 am
The excuses will be epic
So will my US dollar income!
#161 Garth that is not nice to call Sir Lew and Doug by that name, so shame on ya.
Garth I have something for you come the springtime that is sold at Walmart. The kit costs $29.97 called Balloon Time with a helium tank for approximately 30 balloons on a string. What is 30 x $3.00 = $90.00 as its called profit to make a kid smile. The helium tank is disposable so not to worry. I am available as a sales consultant on a part-time basis.
Everyone needs a Watson. Difficult questions can be solved in < 10 minutes. http://www.ibm.com/watson/index.html
You are sick, talk to Watson , correct diagnosis.
Want to invest, talk to Watson.
Want to buy RE. Talk to Watson.
Reminds me of someone….
PB43
Goodbye Kanada: 2nd world country we are? No even they get car plants. Our Glorious Leader/Actor can selfie in front of the plant.
Killing us softly, economic weapons:
http://www.cp24.com/world/gm-workers-in-oshawa-brace-for-the-fight-of-our-lives-in-contract-talks-1.3058754
“The flex line produces the Chevrolet Impala, the Buick Regal and the Cadillac XTS, but it has no product scheduled past 2019.
That has given rise to concerns that the automaker could be planning to pull out of Oshawa entirely.
“We could be shut down by 2019 with no jobs whatsoever in Oshawa,” says Jeremy Pooler, the strike co-ordinator for Unifor Local 222, which represents workers at the roughly 100-year-old plant.
“I could stand to lose my job.”
General Motors employs more than 4,800 people in Oshawa, according to the automaker.”
#162 rosie on 09.05.16 at 12:44 pm
#159
Well played. You zero guys are clever bunch.
—
Rosie, this is not even clever, it did not feel right to do it.
You neglected checking your facts religiously you forgot to give any consideration that your opponent might not be as moron as labels try to paint people.
When you have some time, read Durkheim’s book about suicide, it is an outstanding book of methodology that breaks down how people think, talk and form opinion – without facts.
Soak up the the sunshine, no bad feelings – life is about to enjoy it as much as possible :)
The best fruitcakes are here. — Garth
rekt
It look’s like the central bank’s of the world are just going to buy all the companies in the world . Thank’s Obama for your Q.E idea . http://www.zerohedge.com/news/2016-09-05/how-central-banks-are-lboing-world-one-stunning-chart
Barco the Golden Retriever is not entirely pleased with the new air conditioner because the bedroom door now stays closed. One night in the near future he might need a midnight snack and find the spare remote once again after he tears the door down. Time will tell what might happen in the dead of night.
Smoking Man brings on the nostalga for me with his comments about the air show. The best in show was always the big Lanc out of Hamilton. The sound of those engines…nothing like it.
What an owner goes through for his Golden Retriever with a wall air conditioner so it can sleep at night with the door closed. First of all the carpenter wanted to put in a new door by the bathroom, but the owner said no way. This led to getting a larger compressor that needed to be placed on the roof with a plumber coming in to configure the water pipes. Now there was no power so the electrician had to re-wire the entire area for a new circuit breaker to be installed. This tiny wall air conditioner is on the wall after the holes were drilled connecting the system to work over several days. The equivalent cost with adjustments made came to $4,000 CAD and his dog is not happy with the door now being closed as likes to walk around at night.
#168
Again, you lost me and apparently I lost you. As moron, should read as moronic. Labels cover people, brushes paint people. Life is about to enjoy it , should read life is about enjoying it. No bad (should read, hard) feelings, just bad writing.
Thank you and I appreciate and enjoy Doug Rowat and Ryan Lewenza’s contributions
In 2009, the Canadian government reformed the Bankruptcy and Insolvency Act,
increasing the attractiveness of Division II proposals and increasing the cost of
bankruptcy. The two key benefits of proposals are filers are able to keep their assets
and can maintain access to credit markets. Take-up of proposals increased
by 13% following the change in legislation and has trended upward since. This
would imply that individuals value the increased access to proposals, in addition
to disliking the increase in wage garnishment associated with bankruptcy for
those with high income.
It is very interesting that bankruptcy stats are always trotted out by politicians, media and real estate shills when they are defending the high consumer debt levels in Canada. Perhaps a review of the Consumer Proposal increases and the legislative changes noted above might engender a little more concern about the road we are travelling.
The link provides an outlook of 2nd quarter insolvencies in 2016, by Province and illuminates the increasing Consumer Proposals.
http://www.ic.gc.ca/eic/site/bsf-osb.nsf/eng/h_br03630.html#tbl2
Obfuscation and manipulation
Hey in all this gibberish did I miss were Mark put up the details on how to earn 53K a month(09/02). Seems a few others are interested as well. Please be specific Mark.
Post #96 Mark
“It can clear $800K to invest from the sale, I can rent similar between $2500-3000 per month.”
$800k invested in the TSX index at a P/E of 15 provides an after-tax income of roughly $53k/year. Renting at $3000/month is most likely renting at a net of $2500/month, or $30,000/year. Rents grow at the rate of inflation typically, around 2%/year. The TSX’s earnings growth, over the long term, should resemble nominal GDP. Typically 3-5%/annum.
The math strongly supports dumping RE and using the proceeds to buy stocks. But few have the intestinal fortitude to make the jump, which is why most people, despite the riches bestowed on them by the housing market (and eventually the stock market), remain middle class.
Post #114 table cloth calculations
Thank you Mark.
What are the details of getting an after-tax income of roughly $53K/year?
Especially with the $180K T4 family income.
Post #144 Shawn
Mark M.
How does $800K invested in the TSX yield $53K after tax? Are you making assumptions about future returns based on historical statistics and p/e ratios (i.e. risk adjusted return)? The dividend yield on the TSX is 2.7%.
R & D are doing just fine; they are getting to know the comment section.
Had a teacher that said that let everyone speak, say his piece of mind (rude and ignorant statements had to be redirected into a positive direction), and we where encouraged to point out the pros and cons of his speech. In other words: Stick To The Topic.
A lot of intelligent people come to this blog (and that says a lot about the reading material), read the blog, and comment, the intelligent way.
Keep up the good work, GT, RL & DR, many people are reading, discussing, commenting this blog.
As we celebrate this Labour day I always do it with a wry smile on my face.
You see, in Australia one of the major political parties is called the Labour Party,so in essence you would be celebrating the party that is taking your tax dollars.
Growing up in Australia they were in power for a large chunk of my childhood but whenever I think of the Labour Party, I think of a dude called Bob Hawke who was our Prime Minister for close to a decade.
After Australia becoming the first country to win the America’s Cup beside the U.S ,Hawke in a famous moment declared…
” Any boss who sacks anyone for not turning up today is a bum”
He was well liked for his plain speak.
Garth might have gotten on well with the guy…
M42BC
https://m.youtube.com/watch?v=LB0WvpiUA_I
Even Iran follows the comments section in GF
http://www.breitbart.com/jerusalem
Perfect day on the water watching the airshow again..
#167 TurnerNation:- They will be pulling out and are going to Mexico where the official daily rate comes in at about $7.00 per day but fear not as the Mexican auto workers will be paid a premium hourly rate.
Last post this should be the link.
http://www.breitbart.com/jerusalem/2016/09/03/iranian-ayatollah-the-hidden-imam-will-come-to-earth-in-a-vessel-like-a-spaceship/
#152 TurnerNation on 09.05.16 at 11:17 am
Predict new General ice cream flavor in late September. Served by the armfull by the weekend boys:
Humble Pie. (Not the band.)
Hair nets in place gents, keep foot out of mouth for health reasons ;-)
……
A Nictonite cone. Vanilla hollowed out in the middle for some JD, two onces atleased
#182 Smoking Man:- Want to become an auto assembly worker in Mexico with free healthcare benefits? The top starting wage is $3.77 per hour, but for a limited time only just for you $4.00 per hour, and the smokes and booze cost almost nothing but a few pesos.
I personally enjoy the new weekend posts. They present a slightly different perspective on the markets and economics. The two do a decent job of responding to all the questions we have as well. All in all a big positive i say.
MF
You guys know nada about ice cream as the most popular flavour is called cookies & dough.
#179 flop
America’s cup is for elitist sissies. I give you a manly yacht race
https://www.historicacanada.ca/content/heritage-minutes/bluenose
#184 Context on 09.05.16 at 5:19 pm
#182 Smoking Man:- Want to become an auto assembly worker in Mexico with free healthcare benefits? The top starting wage is $3.77 per hour, but for a limited time only just for you $4.00 per hour, and the smokes and booze cost almost nothing but a few pesos.
…….
Having more fun writing fiction, to date it pays 0.00 per hour. Which is fine for me.
Hurricane Newton is heading for Cabo area as a Canadian advisement has warned not to go. It is moving slowly past a small village dumping as much as 14 inches of rain. Some of those streets will turn into roaring rivers and hopefully nobody has had any new roof work done as it might not have been sealed properly. The workers will always say si all done now, but if not which is common the rain will pour through the ceiling and down she goes.
@ Brazil expat
Well.
You knew that for every Dinesh D’Souza (former republican ex convict) objective “documentary” ( hack job) about the Clintons out there…….
There had to be a rebuttal story….
My thanks to #153 Jess from yesterday…..
http://www.truth-out.org/news/item/37497-the-making-of-donald-trump-david-cay-johnston-on-trump-s-ties-to-the-mob-and-drug-traffickers
#109 Mark M. on 09.04.16 at 10:22 pm
“#150 – Karma
Plebs eh?
Fine then. You can join your “elite” friends WalMark of Sadkatoon and The American in providing the rationale on September 21, when the Fed once again fails to follow up the insignificant 25 basis point liftoff of nine months ago, with a second insignificant rate hike.”
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IMO, whether they raise the rates in September, or December, or early 2017, is more or less irrelevant to me. What matters, IMO, is if you’ve got a 30-year amortizing mortgage on a 5-year term (variable or fixed, doesn’t matter) that’s 8 Fed meetings a year multiplied
5 years = 40 Fed meetings that need to run the table of no rate lifts in order for your amortization schedule not to be significantly pushed off course or new equity needed to be invested to make the mortgage amortization to remain on schedule. Now, it’s my opinion that in September they won’t actually raise rates, but I do think December will likely happen. And then a few times in 2017 (1-3 times) and continue like so for the next 2-3 years until it’s 1.25% Fed Rate by mid-2019. As Janet has said, really gradual…
—————————————————–
“It takes “elites” like you and The American to ignore poor productivity, contracting ISM, 1% GDP growth, and the lowest labour force participation rate in four decades and simply take the Fed at their word.”
ACTUALLY, productivity is growing fine, as the digital revolution has increased capacity of nearly everything without increasing costs significantly, which is a huge boon for productivity bus is not captured easily in economic data since it looks for dollar flow and ignores the free goods. This is a paradigm shift in which economic analysis has yet to catch up. But if you really think the average person is less productive than 1 or 2 years ago, go ahead and believe that…
Regarding ISM: Manufacturing is negative for Aug, but positive from March to July, or the majority of the year. Why are you anchoring to the one barely negative month? More importantly, Non-Manufacturing, which is the vast majority of the economy, is solidly positive and has been for well over a year.
GDP growth has, for sure, been less than expected, so that’s a decent reason to hold off on rate rises.
Labour Force participation is less relevant than you imply. The # of employed persons continues its upward trajectory. Furthermore, low labour force participation has little to do with the need for raising rates if inflation is expected to rise. The low labour force participation is actually an indicator of strong productivity because essentially everything in the economy that is demanded is being produced by fewer and fewer people. The question is as that demand rises, will the work force of 151 million be able to supply the increase in demand or will more people be required. Furthermore, those outside of the labour force are generally making a decision to be outside of work, for whatever reason. If people are truly desperate, they’ll take any job they can get, like the illegal immigrants do.
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“How many times do you have to be lied to by these idiot central bankers before you clue in? There are no more rate hikes coming. This booming economy is a bubble, amazingly you can’t see it.”
BECAUSE you’re so much smarter than central bankers? Lol. Hence I call you a pleb. Show some humility. What is the basis of considering THIS economy a bubble versus other ones in the past? Do you think the 1960s economy was not a bubble? What about the 1980s? Is humanity different than it was 30-50 years ago? I think not.
——————————————————-
“Here’s just one obvious sign, the Dow is at record highs and corporate profits have been falling for the last five quarters. Nobody cares, because it’s not bad news if the Fed says it isn’t.”
I suggest you read Michael Mauboussin’s “Thirty Years: Reflections on the Ten Attributes of Great Investors”. Link below. Specifically concentration on this:
“Perhaps the single greatest error in the investment business is a failure to distinguish between the knowledge of a company’s fundamentals and the expectations implied by the market price”. My point is that just because the past 5 quarters have seen negative y/y earnings growth doesn’t mean that the price today is priced for continued expectations of falling earnings, while say 1 year ago the S&P 500 then had expectations of future earnings shrinkages for 4 quarters and as those falling earnings get burned off from the future (i.e. as time passes from Q2 2015 to Q2 2016), the price can rise to reflect higher growth in the future.
https://doc.research-and-analytics.csfb.com/docView?format=PDF&source_id=em&document_id=1063945621&serialid=1wRGyN6EnJdsEAzicRfCQyDmuExS84d2HcYRBRMNZJ8%3D
——————————————————-
“Doesn’t matter that these idiots never see a recession before it starts, or a bubble until after it pops. Find out what they were saying about housing just weeks before it all blew up. Still trust them? Insanity.”
No one does, technically, because it can only be confirmed with hindsight. So we’re all idiots (including myself and you) by your definition. Furthermore, central bankers are not one homogeneous voice. Every couple months, there’s at least 1-2 Fed members saying that they should raise rates now, while 1-2 say they should do more bond buying, etc. It’s not one person making the decision, but rather many people in the room talking (https://www.federalreserve.gov/monetarypolicy/fomc.htm). Furthermore, just because the plebs of the US are idiots and leveraged themselves up to the eyeballs in the mid-2000s doesn’t mean it’s the Fed’s fault. How about a little consideration of personal responsibility! Just like the idiots in Vancouver and Toronto leveraging themselves up to their eyeballs at the moment, it’s not the fault of the Bank of Canada. It’s not the central banks’ fault for humanity’s emotional and cognitive errors. Read the book “Money Mania” to get a better understanding of how many times humans have screwed themselves up over the years with their own incompetence. (https://www.amazon.ca/Money-Mania-Panics-Ancient-Meltdown/dp/1608198413)
———————————————————–
“Don’t burn all your excuses this month though, save some for December, and some for when the “really smart people” at the Fed begin cutting rates. It will be epic.”
AS I said earlier, I don’t expect one this month, but I do think it’s likely that (i.e. over 50% chance) that December will happen. If you really want to be mad at central bankers, be made at Kuroda at the BoJ and Draghi at ECB. They’re the ones holding down rates which has had a huge impact on the Fed’s ability to raise rates without screwing things up. They are the ones currently intervening unproductively.
It was “divine” not “devine” a while back. I am competitive; I will never accept losing because I wasn’t good enough. I can learn and choose.
I write strange things at times. It is a test of my mettle. Right brained, introvert or just plain stupid – it part of my happy place to recharge for the next round of BS. I only fight when it matters in my mind. Bring it on; I need it to stay alive. Most people are inherently good – sad to deal with fearful egos of the fewer.
I was talking to my SIL and she believes people operate from 3 basic emotions. Love, fear and hope. Hope, yeah if it didn’t exist I would have never moved forward. I love my SIL and fear her wrath.
#191 Karma:- I truly believe that the FED doesn’t make the final decision but BIS really calls the shot.
Hi Garth, Please dont care about comments that come from anonymous sources. Time to moderate comments using facebook.
Thank you, Garth. Oh, and thank you, Doug and Ryan.
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