The year that rocks

When asked the other day if she ruled out running for political office, she said no. Thus, you might add Angelina Jolie, the tomb-raiding hottie, successful director and current UN Special Envoy to the list of 2020 US presidential aspirants. Plus Oprah, of course. And maybe Joe Biden, despite his obvious failing as an OWG (old white guy). Then on the Republican side, don’t be shocked at a contested nomination as that party tries to survive its sitting president. Yup, that’s Mitt Romney, newly-minted senator, out there stirring the pot.

2019 will rock if you’re into politics. And politics are rocking the markets.

Evidence? Start with China. Trump tariffs have contributed to that country’s crappy stock market performance and helped slow its overall growth, since America is its No.1 export destination. The US-sanctioned Meng arrest in Vancouver was purely stupid theatre, designed to provoke Beijing. Now Apple – America’s Huawei (of which Meng is CFO) – with 20% of its sales in that country is warning of reduced profits. In turn, that’s reduced the stock market. Big plop Thursday, hours after Xi’s big speech. Funny how this stuff works.

A year ago Trump was tweeting, “DOW RISES 5000 POINTS ON THE YEAR FOR THE FIRST TIME EVER – MAKE AMERICA GREAT AGAIN!”,  taking credit for a stock surge. Now that the market’s fallen more than 15%, he’s blaming the Democrats, who haven’t been in power. Funny how that works, too.

Stocks went up because the quixotic US president cut taxes, slashed regulations and moved hard to push inflationary growth. Companies made more. Stocks popped. Investors were happy. Then that inflation promoted the Fed to begin raising rates.

Meanwhile Trump started the fight with China. He slapped tariffs on aluminum and steel, even from Canada. Business input costs across American spiked as a result. He attacked the Fed as no president had ever done, weakening confidence in the central bank. He lost advisors the markets thought were credible – Cohn (economic advisor), Tillerson (state), Sessions (justice), Mattis (defence) and Kelly (WH chief). Next to go will be Mnuchin (treasury), as this billionaire reality TV star and real estate developer – under investigation by Mueller, having personally caused a government shutdown and after losing the House to Democrats – tightens his grip on all levels of government.

And this is why markets worry. Last month an RBC survey asked institutional investors what most kept them up at night. The answer? One word. It ended in “ump”.

Markets rise and fall for a plethora of reasons. In fact, over 70% of the time the direction is up. These days with 3% growth in the US economy, corporate profits expected to rise 8.3%, relatively tame inflation and full employment, investors should be docile, not worried. But with no recession on the horizon, markets are pricing one in. Stocks have become far cheaper. Some are bargains. Yes, like Apple. But the selling is on, reflecting the uncertainty caused over and again by one orange-topped dude.

And this is why 2019 will be such a show.

  It will be a crowded field of Dems lining up to take on Trump. He may also be challenged from within, although the odds of a sitting president losing a nomination are slim. In any case, it would be a spectacle. Then there’s the possibility of a third candidate for the White House, having the same effect as Ross Perot did decades ago (and Preston Manning in Canada). Splitting the republican vote between Trump and (for example) Michael Bloomberg might elect Angelina!

Well, obviously, the outcome is unknown, but the volatility is certain. Markets may decide, once the current risk-off episode is over, that Trump is yesterday’s news and will be gone in 2020. In that case, attention can divert away from Mr. Chaos and back to the economic fundamentals. As stated here a few days ago, higher highs than the peak of 2018 could be a reality as investors gobble up companies that actually looked attractive when they cost 20% more.

As for Canada, the election this autumn is all about math. The NDP has collapsed, so all those scruffy socialists with their eat-the-rich signs will likely migrate to the Libs. Mad Max and his Trump-lite populist maple agenda will suck support off the Cons, not the other guys. And Justin is about to promise the largest demographic – moisters – a guaranteed annual income so they need never leave mom’s place. Figure it out.

What should investors do?

Nothing you haven’t heard before. Don’t sell into a storm. If you have money to invest, do it and get more bang for your buck. Stick with diversified assets, like ETFs, rather than individual stocks to reduce risk. Stay balanced, since the right kind of bonds reduces volatility and helps counterweight equities. Fill up your TFSA this month with $6,000 worth of growthy stuff. Pay no heed to the wusses who think this is 1929. It isn’t. Look at the economy.

Be cautious, but confident. Don’t use your prime+1% HELOC to load up on FAANG stocks, for example. By the same token, resist plowing money into a five-year GIC which will end up returning less than the inflation rate. In short, if your portfolio is properly weighted and balanced, just ignore it.

Mr. Market says MAGA is done.

179 comments ↓

#1 Buddy on 01.03.19 at 4:56 pm

Realtors.
I’m not using a Buying Agent but using a lawyer to check my offer, APS forms and others. Buying Agent does not offer any value whatsoever.
Selling Agent says she won’t accept offer and that I need an Agent to represent me. There is a form for this. Customer Service.
Can the Selling Agent actually reject my offer because I don’t have my own Agent!?

Not if it is properly presented. Have your lawyer draft it. – Garth

#2 Slim on 01.03.19 at 4:59 pm

“Trump will remain until the bitter end and seek reelection, not because he is a man of courage and principle, but because he has no other safe personal option.” — Bill Blum

[https://www.truthdig.com/articles/donald-trump-will-not-go-quietly-like-nixon/]

#3 Buddy on 01.03.19 at 5:04 pm

And whatever Mr. Market says isn’t always right. One news story can change the whole game. My bet, all undercover Trump supporters show up and he gets in in 2020. Mr. Market is detached from the real economy. Finance people only see numbers. Up down. Down up. No real barometer of what’s happening in the real world, peoples lives, society, employment, experience. Qualitative measures that inform quantitative numbers. Investing with no conscience (which I do) so long as things go UP. Democrats want to be humanitarians? Under what guise. At least the Trumpster is tackling the BIG issues that if there were a heirarchy or matters to be addressed that all minds should focus on – preventing world wars, drug epidemic, healthcare he’s trying something NEW. I believe him when he says World War 3 might have already started if Hilary was in. How many wars did Obama start? What about Trump? He’s removing troops, something lefties hipsters and anti-globalists asked for for years! An end to the bombings. The senseless wars overseas. He sees that every new war and bombing campaign creates new enemies. He’s trying novel things with NK. Yet he is reprimanded for it. Is this not one of the major crises facing our world?

#4 You know on 01.03.19 at 5:07 pm

Looks like trump is causing the recession…
China has to much over the USA.. not good..therefore the strike force is in full force…BIS stamp of approval!

#5 Lee on 01.03.19 at 5:13 pm

Most recent Nanos poll released Jan 2 puts Libs ahead 36.8 % to 34.4% with People’s at 1.2%. One year ago it was 41.6% to 30.1%. NDP has gone from 20% to 16%. It seems therefore that NDP and Lib votes may be going PC. I am sure it is not as simple as that though. JT wins the popularity contest among leaders by a large margin though 39.1% to 23.7%, although that lead is shrinking too. Must be his nice hair. Still think JT will win.

#6 Brian Ripley on 01.03.19 at 5:18 pm

My chart of TSX INDEXES for Energy, Real Estate, Financial Services, Gold and the Bank of Canada Commodities in CAD is up with the December data now:
http://www.chpc.biz/tsx-indexes.html

Looks like a definite change in trend for the past 10 year rally of everything… except for commodity deflation; it’s still on except for gold which looks like it’s catching a bid.

#7 Mattl on 01.03.19 at 5:22 pm

Realtors.
I’m not using a Buying Agent but using a lawyer to check my offer, APS forms and others. Buying Agent does not offer any value whatsoever.
Selling Agent says she won’t accept offer and that I need an Agent to represent me. There is a form for this. Customer Service.
Can the Selling Agent actually reject my offer because I don’t have my own Agent!?

Not if it is properly presented. Have your lawyer draft it. – Garth

—————————————————————

If you aren’t using a buyers agent I sure hope you are getting a rebate back, you are saving the seller 2%.

I have bought without an agent before but took the buying agents fee as a rebate. If you are not getting a rebate I don’t see the benefit of not having a buying agent – at minimum to draw the offer. You can still use your lawyer to review – save on some legal fee’s by getting the paper 95% there.

#8 Buddy on 01.03.19 at 5:29 pm

Not if it is properly presented. Have your lawyer draft it. – Garth

Thanks. I think this particular Realtor is scared of the new double-ending rules (Wynne’s?) and possible liability. If I get an Agent (why would I, legwork done) I look super desperate for the house (price up). If I get the lawyer to do it, the Selling Agent then feels backed into a corner (no potentially savings on commissions). Lose lose!

I’m kind of interested to see how this Spring market turns out anyway!

#9 Gulf Breeze on 01.03.19 at 5:32 pm

A few quick comments. The China trade fiasco is about more than just trade. Trump is purchasing impeachment (or worse) insurance by making good on promises to his gun toting base.

He is also waging an economic war in the hopes of bringing the China to its knees. Good luck with that one. He obviously underestimates the incredible strength and resiliency of the Chinese people.

So so sick of all the attempts the pathetic U.S makes in their attempts to shore up their dollar by their attempts to shore uphegemonic power.

Anyway, it will end in tears, one way or the other.

#10 Ace Goodheart on 01.03.19 at 5:37 pm

Trump may have finally lit his own fuse after his amazing smash and run dodge-em act of the past few years.

The wise thing for him to do would have been to back off of the “5 billion for the wall or I shut down the government” stance, when offered an acceptable compromise by the at that time still Republican house, prior to Christmas.

He however did not do that.

The longer he keeps the government partially shut down, the worse he makes things for himself, because he is drawing attention to a situation that he cannot win.

If Trump relents now, and agrees that the wall will not be funded and not built, he loses the support of his base. Without their support, he becomes a lame duck limping towards an unsavoury end, likely he will either be impeached or arrested at the end of his term. He will never win another election.

If he holds out, and keeps the government shut down, there are 800,000 very upset furloughed and unpaid government workers out there, who are going to become a massive and vocal movement which will gain not only international attention but will ultimately turn the American public completely against their POTUS. These people have mortgages, families to support, children went without Christmas. Now they are going without food and many will soon be homeless. 800,000 is a lot of people. And these folks are for the most part well educated professionals with qualifications and tickets in trades and services. They are going to be heard and it is going to be loud.

Either way, Trump is done for. He has lit a fuse underneath himself, and he cannot run from it.

It is just a matter of time. The longer he holds out on his “build the wall or the government stays shut down” thing, the worse it will be for him in the end.

#11 DD on 01.03.19 at 5:38 pm

Garth – how should investors prepare for a second term of Socks and his idle threats to raise capital gains or dividend taxes?

#12 PastThePeak on 01.03.19 at 5:40 pm

Buy additional US and world markets (quality instruments) on the really big down days. I am reducing my TSX exposure over time, as I move from my company RRSP (which only offers a limited selection of mutual funds, but with relatively low fees) into a self directed one (TFSA and non-reg have been in ETFs and some select stocks from the beginning).

Great thanks to Garth for his insights over the last couple years as a reader. I was definitely over represented in Maple, but am working on slowly addressing that.

#13 Penny Henny on 01.03.19 at 5:42 pm

Then there’s the possibility of a third candidate for the White House, having the same effect as Ross Perot did decades ago (and Preston Manning in Canada). Splitting the republican vote between Trump and (for example) Michael Bloomberg might elect Angelina!-GT

Interesting theory Garth, but I would suspect that Trump is already 3 moves ahead of this and planning to have a left leaning third candidate split the Dem’s vote.
Check and mate.

#14 User 123 on 01.03.19 at 5:48 pm

Hey Garth,

What should a balanced portfolio look like right now?

#15 Penny Henny on 01.03.19 at 5:52 pm

#8 Buddy on 01.03.19 at 5:29 pm
Not if it is properly presented. Have your lawyer draft it. – Garth

Thanks. I think this particular Realtor is scared of the new double-ending rules (Wynne’s?) and possible liability. If I get an Agent (why would I, legwork done) I look super desperate for the house (price up).
///////////////////////

Hey Buddy, my advice is get an agent and a cash back from their commission, stick to your price and you will not look desperate.
The super desperate emotion you are feeling is only perceived on your end.
Good Luck!

#16 Hey y'all on 01.03.19 at 5:57 pm

Just read an article in the National Post 5 minutes ago of written by a Toronto realtor and an “associate professor at Ryerson (College)”.

They were disputing Robert Shiller’s concerns about a housing bubble in the USA !

At the end of the article is a link to the writers real estate service !

Canadian realtors trying to refute an American housing bubble ?

They must be getting desperate to quash any talk of housing market troubles.

#17 Smartalox on 01.03.19 at 5:59 pm

Romney’s picked up the anti-Trump torch from John McCain’s failed hands. Romney may not be capable of winning a presidency, but he doesn’t need the backing or support of the RNC to keep him in his seat for the next 6 years, either. He’s free to provide an alternative to Trump for mainline Republicans.

Trump is toast. His latest gaffe, claiming that the Soviet invasion of Afghanistan ‘bankrupted’ the USSR is pure ‘Putin Propaganda’ and an insult to the US effort to defeat the Soviets in Afghanistan – a key legacy of Ronald Reagan (A Republican).

Dissing the Democrats is one thing. Attacking Republican icons is quite another.

#18 Jay on 01.03.19 at 5:59 pm

What should I use my Prime+0% HELOC to buy then? I was planning to continue my long term plan of buying XAW+VCN.

#19 Sold Out on 01.03.19 at 6:03 pm

Trump has reached the end of his term as a “useful idiot”, if not the end of his term in office. He should be very careful around door knobs and grassy knolls.

#20 SunShowers on 01.03.19 at 6:06 pm

“And Justin is about to promise the largest demographic – moisters – a guaranteed annual income so they need never leave mom’s place. ”

Well, if government money for no reason is good enough for old fogies…And hey, they already GOT theirs anyway! They got to enjoy an economy that actually saw them receive more wealth and a better standard of living than their parents. Not so for today’s moisters.

#21 SmarterSquirrel on 01.03.19 at 6:08 pm

Garth says if you have money to invest, do it. The problem I see out there is there are a lot of people who don’t seem to have money to invest. Somehow they always wind up living paycheque to paycheque, even people who make a lot of money. It seems to me the first step to improving your finances so you can put more towards investments and have a better retirement as a result, is to assess where you are financially today.

Its worth taking the time to make a personal balance sheet, looking at your assets and debts (liabilities) and figuring out your net worth, looking at all the sources of cash you have coming in and comparing that to all the cash you have going out to figure out your net cash flow and maybe even checking out your credit report to see how you’re doing. Doing this can help you see where you’re spending too much and hopefully start the process of making better financial decisions to then have the money put away to put towards investments. Putting money towards investments early and often can go a long way to improving your retirement.

#22 Kelsey on 01.03.19 at 6:11 pm

Yield curve is flashing red:

1) Fed Funds Rate > 2-YR, 3-YR, 5-YR Treasuries.
2) 1-YR Treasury > 2 through 7-YR Treasuries.

If Trump loses in 2020, is that really good for the market? Consider the likely alternative – a “Democratic-Socialist” – likely to roll back the tax cuts, add additional layers of bureaucracy and blow out deficits even further.

#23 Hey y'all on 01.03.19 at 6:11 pm

to # 9 Gulf Breeze

You’d better hope he brings China down a peg or two.

China is a communist country that has achieved critical mass in world affairs – economically and POLITICALLY.

Ergo, they will have a great influence on world affairs – and they won’t be coming from a democratic nation with a Common Law legal infrastructure.

Maybe you should have a chat with the 3 detainees in China and ask them if they think that the rule of law and due process is important ?

Maybe the West shouldn’t have exported their economies to China in the first place.
Nor let it join the WTO.

Would not have happened without the help of all your (I am sure) globalist lefty heroes – Obama, Clinton, Hollande, etc.

#24 BobC on 01.03.19 at 6:13 pm

I’m ready to admit I had it better when we only had a corrupted criminal government and the fed backed a socialist, dividing and cop hating President.
I agree now, get rid of Trump and bring back Hillary. She can go back to selling influence through her “foundation” and screwing little people like in Haiti and collecting millions from Russia.
If not Hillary at least someone the fed will protect.

#25 MF on 01.03.19 at 6:17 pm

#9 Gulf Breeze on 01.03.19 at 5:32 pm

“He is also waging an economic war in the hopes of bringing the China to its knees. Good luck with that one. He obviously underestimates the incredible strength and resiliency of the Chinese people”

-No, I don’t think it’s about bringing China down as much as it is about bringing the US higher. Trump believes in the strength and resiliency of the American people is more like it.

“So so sick of all the attempts the pathetic U.S makes in their attempts to shore up their dollar by their attempts to shore uphegemonic power.”

-Bush Jr was 100% correct when he said that everyone was either with the US or against it. Lots of people out there hoping the US falls and is replaced the same way people hate on the successful handsome jocks in high school. Problem is its potential “replacements” are basically all highly flawed corrupt totalitarian regimes that would offer mankind nothing.

“Anyway, it will end in tears, one way or the other.”

-No it won’t. Life will go on and the US will remain on top due to culture, economics, and geography.

MF

#26 Ex-Cowtown on 01.03.19 at 6:23 pm

Looks to me like the more Democrats follow their Trump Derangement Syndrome down the rabbit hole, the more they’ll pull the market down with them and lose support of the undecided voters.

No Democrat seems to want to acknowledge that in the view of uber lawyer Alan Dershowitz “The President has committed no crime…” Except perhaps the heinous crime of defeating Hillary fair and square.

Not sure what planet Democrats are on when they honestly believe that they can force someone out of office who has not committed a crime. They need to be very careful on that one as they’re playing with fire as you can guarantee that the Republicans will return the favor. And mayhem will follow.

This cognitive dissonance on the part of the Trump haters is not lost on the market. How can Democrats effectively conduct the business of the country when they are distracted by nuts and squirrels and are intent on inventing rules to suit themselves? No wonder $$$ are leaving the country; laws mean nothing anymore.

Mr. Market is betting (for now) that the Dems are going to go full re-$%^ on getting Trump and that it will result in the one thing the market hates most of all…. massive ongoing continuous uncertainty. And so the market drops.. and drops.. and drops…

I lay the blame for all of this Trump Derangement Syndrome stupidity squarely at the feet of Obama and Hillary. All either or both needed to say after the election was: “No, I don’t like him. But yes, he won the election. Let’s win the next one” and all this would have been avoided.

The only thing separating the United States from a Khmer Rouge dictatorship is it’s respect for the law. Democrats telling themselves that their political enemies are unworthy of protection are taking that first dangerous step to totalitarianism.

#27 Rexx Rock on 01.03.19 at 6:25 pm

You can always invest is Victoria real estate.Houses went up 8.5% and condos even more.High wage jobs and a strong economy in Victoria makes buying real estate a sound investment in uncertain times.

#28 Hugh Jassel on 01.03.19 at 6:26 pm

G

Respectfully you’re being naive.

The world’s most indebted country cannot handle a 2.25 Fed funds rate plain and simple

Powell put and then Qe4 en route

#29 Brad B on 01.03.19 at 6:26 pm

Garth,

what is your take on these all-in-one ETFs?

ie. VGRO, VBAL, XGRO, XBAL

cheers!

#30 Dave on 01.03.19 at 6:27 pm

How much of a role do central banks like the federal reserve play in influencing the markets?

#31 Doug t on 01.03.19 at 6:34 pm

America was never great – well maybe great at forcing their political agenda on other nations, and maybe great at supporting murderous regimes around the world, and maybe great at sending young men into battles that in the end served the elite of America and not the people etc etc etc

RATM

#32 marcus on 01.03.19 at 6:34 pm

“Mr. Market says MAGA is done.” Wrong again. LOL! This year will be epic but not in the way that you think. Keep tuned ……… buy popcorn and watch the crying from the Global Left.

#33 april on 01.03.19 at 6:40 pm

$27- realtor spin……

#34 conan on 01.03.19 at 6:49 pm

Biden for the win, unless Bloomberg. Trump is between rock and hard place. Doubt he finishes his term.

#35 acdel on 01.03.19 at 7:00 pm

Under estimating the so called red necks/working people, that are not into Hollywood/green hippocratic crowd will be interesting in 2019.

Pollsters are a joke, I lie on purpose when they call for the fact that I am offended by them calling me in the first place with their hidden agenda and there trick questions (that always seem to repeat themselves in different ways) who are they kidding?? A government handout, that’s all!!

Politics are always interesting, vote for whom you believe in, do not let anybody take that right away from you!! This is what our ancestors fought for! Freedom of choice!!!

#36 Zen on 01.03.19 at 7:03 pm

#18 Jay

What should I use my Prime+0% HELOC to buy then? I was planning to continue my long term plan of buying XAW+VCN.
———————
Hi, would you be kind enough to tell me how you managed to get Prime+0% HELOC? I’d love to have one.

#37 Dolce Vita on 01.03.19 at 7:03 pm

The pocketbook is mightier than the pen.

Reduced oil revenues. Carbon Tax failed cash back scheme. RE values keep dropping, negative wealth effect. RE based credit reigned in some more, this time HELOCs. More blunders by Trudeau to come and blamed for all economic ills.

Libs migrate to Cons to get rid of Trudeau. Loses his riding. NDP holds fast. Bernier a bust. Con majority. Trudeau the Lib Kim Campbell.

We find out how bad in shape we are after October. A decade to fix but Cdn’s buckle down and fix it.

Still, lots of jobs created few of which can pay for a month’s rent.

#38 Barrie Biden on 01.03.19 at 7:04 pm

Easy to play this market. Buy, it if falls more, then QE and rate cuts will support the market. If it rallies now, then you’ll be happy you bought in. Easy easy money to be made I’d say. Just invest in less Maple and More Intl/Emerging/US Markets. My only defeat is the preferreds. I hope they recover.

#39 Jay Currie on 01.03.19 at 7:05 pm

It should be quite a year Garth.

There is no particular reason Trump needs to re-open the government and when those 800,000 non-essential “workers” scream he can direct them to Congress.

China is not doing well and it will be doing a lot worse unless it can do a trade deal with Trump by March 1 – which will happen because Trump likes winning.

In Canada, we’ll see how Max plays his cards. Right now Alberta is broke and angry and if Max hops a plane he might well pick up a dozen seats. Add another dozen in Quebec and Lib or Con it will be a minority government.

Major markets are likely to tank simply because free money is over, so will real estate. I’m not a gold bug but I would say that right this instant junior resource stocks have been beaten up for a year and there are bargains out there. Lots of them.

#40 crowdedelevatorfartz on 01.03.19 at 7:10 pm

Hey!
Where the hell is “Ham R Us” bragging about China’s “Moon Base Alpha” a mere 250,000 miles away?
You know. The robot that landed at the South pole and took a color pic. Gasp.
Almost 50 years AFTER the US landed two men on the Moon that brought back rocks…..
Perhaps Mr Ham was busy watching the Nasa feed from Ultima Thule….on the same day…. the furthest visited satellite from earth at 4.5,000,000,000 miles( thats 4.5 billion Ham).

At this rate…..
Perhaps China will visit Ultima Thule sometime in 2069 and see Elon Musks Car?

#41 Drill Baby Drill on 01.03.19 at 7:10 pm

I believe Trump will somehow pull one out in 2020. I do not see a seriously left leaning democratic party winning with such a bent.
I am amazed however on Trump’s ability to not totally lose it and snap under the pressure (mostly self inflicted) of the presidency.

#42 American Rustbelt Rockin' Again on 01.03.19 at 7:14 pm

Divide and Conquer – Beauracrats Vs steel workers.

Steel workers win hands down, every time. Beaded steel curtain for the wall ? Perfect!

Long live the USA.

Trump has his hand on the pulse of the american work force.

#43 Gulf Breeze on 01.03.19 at 7:17 pm

#23

Name wars China has started in the last 30 or 40 years. As far as communism goes, they gave that up and took a hard right.
I don’t like the fact they turn their prisoners into skin cream either but….the U.S. has been the worst menace on planet Earth for quite some time.

Their foreign policy is brutal to foreigners and they have an economy based on war. That is much less humane than having an economy based on manufacturing stuff that breaks after a few uses.

In summary, Mental Midget, I don’t like either of the great powers but have some awareness of who the worst guy is out of two bad guys.

#44 Nonplused on 01.03.19 at 7:26 pm

#1 Buddy

Dude, it is the seller’s agent that typically isn’t worth paying, unless they have done a lot of work staging the house. All they do is put a sign on the lawn (which they pay some millennials to do), a key lock on the door, and maybe a few photos on the internet.

Buyer’s agents, if they are worth their weight, will find the houses that seem to fit what you are looking for and spend hours driving you around to look at them. They’ll use their secret computer access to show you purchase histories. They’ll give you good bid advice when you decide on the one you want, especially if you are the only bidder. They’ll know how long the house has been on the market and how many times it’s been re-listed.

You don’t need an agent to sell something, you only need to take the best offer. However when buying something it can help to have someone who knows what they are looking at. It’s the same principle as having a used car inspected by your own mechanic before making an offer.

I’m not in the real estate market right now, but I have been in the past. I used the same agent to sell my old house, then I rented for several years, and then I used him again to buy. He charged me $1200 flat fee to sell my house with a gentleman’s agreement that if I did buy again I would consider him as my buying agent. The price was right because the house sold, and when I bought again I might actually say his fee was well earned because we looked at a lot of houses. A lot. At least 100. And he would actually go look at houses either with other clients or by himself that appeared on internets to maybe be a fit and then just tell me “no you won’t want to buy it, mouse infestation in the crawl space” or whatever it was.

Buying a house without an agent is like buying a portfolio without a financial adviser. It can work out good if you either luck out or know exactly what you are doing, but you are better off with a well trusted adviser who comes well recommended.

How do you tell if your buying agent is good? Well, if he or she is known in your circle of friends and family, and they have used him before and are still on friendly terms, and your friends and family recommend him or her, that’s a good sign. Word of mouth is the best advertising there is even in the static age.

(“Static Age” references a Green Day song that laments that all this electronic information has done is increase the noise to signal ratio. It’s a good song if you like punk guitar riffs.)

#45 crowdedelevatorfartz on 01.03.19 at 7:27 pm

https://theprovince.com/news/local-news/metro-vancouver-2018-home-sales-lowest-in-eight-years-rebgv/wcm/324a1804-869d-4714-87d8-b455a3bb8573

Ahahahahahahahahahahahaha

#46 For those about to flop... on 01.03.19 at 7:27 pm

The guys at howmuch have updated their debt chart.

Last time I showed it Brooksie almost had an aneurysm and called me a brain frozen Canadian.

Not sure what’s gonna happen this time.

It’s only debt…

M44BC

“Visualizing the State of Government Debt Around the World.

One of the most underappreciated problems facing the global economy right now is the ever-increasing rise of national debt, and the potential for investors to lose faith in a country’s ability to ever repay its obligations.

Gross Domestic Product (GDP) measures the total value of the goods and services produced within a country over a period of time, like a year or fiscal quarter. The ratio of debt-to-GDP makes it possible to compare relative debt levels across many different countries. The U.S. is able to carry a much larger debt in overall terms than smaller countries like Belgium because the economies are of such a vastly different size. Think about it like this. It’s no problem for Bill Gates to have a credit card bill for $50,000 because he has billions in the bank, but for the average American, that would mean bankruptcy.

We used the latest (October 2018) complete set of numbers from the International Monetary Fund to plot debt-to-GDP ratios between countries in an interesting visualization. Countries with larger ratios appear bigger, redder, and toward the center of the visual. Our approach places the countries with the most significant debt problems at the center, letting you see which places are more likely to have substantial issues in the future.

Countries with the Biggest Debt to GDP Ratio

1. Japan – 238%

2. Greece – 182%

3. Italy – 132%

4. Portugal – 126%

5. United States – 105%

6. Belgium – 103%

7. Egypt – 103%

8. Spain – 98%

9. Cyprus – 97%

10. France – 97%

The first and most obvious insight that our visualization reveals is how developed countries have the biggest debt problems. Japan immediately stands out as the single most prolific spender with a debt-to-GDP ratio of 238%. That means the entire Japanese economy, the third largest in the entire world, doesn’t produce nearly enough value in 2 years to pay off its entire debt. Greece is not far behind at 182%, followed by Italy (132%) and Portugal (126%). The U.S. has the 5th worst ratio in the world at 105%.

Immediately outside this inner ring of heavy spenders are several small or developing countries with enormous financial challenges. Egypt (103%), Cyprus (97%), Mongolia (84%), Brazil (83%) and Yemen (74%), to name only a few, clearly have debt problems that could spark financial problems for the rest of the world.

And then there are a host of green countries along the outside of our visual worth mentioning, especially China (47%), which has the second biggest economy in the world but a remarkably healthy national balance sheet. Granted, the country is still undergoing substantial urbanization and modernization, but the fact that it has such a low debt-to-GDP ratio suggests that it can spend buckets of additional money solving its challenges. Also take a look at Russia at only 16%. The Russian economy is plagued by corruption and slow growth, but at least it won’t have a debt crisis anytime soon.

Another way to think about this visual is in terms of spending and revenue, which is to say, should countries with high debt-to-GDP ratios spend less money or collect more tax revenue? We doubt any country can actually “grow” its way out of a crushing debt burden worth more than its entire GDP without making substantial changes to its fiscal behavior. Policymakers will eventually have to solve this problem, and either option poses serious challenges to economic growth.”

https://howmuch.net/articles/state-of-the-worlds-government-debt

#47 Nonplused on 01.03.19 at 7:35 pm

PS since I referenced it, turn you speaker up:

https://www.youtube.com/watch?v=RzMXLcCu_18

(with lyrics)

I can’t see a thing in the video
I can’t hear a thing on the radio
In the static age

#48 Realtor haters on 01.03.19 at 7:46 pm

You people are such losers, hating on realtors etc.
I remember 20 10 5 years ago realtors on Vancouver global telling people to get into the market and start building equity.

Well, guess what, some people did and they’re happy they did.

You guys missed out, plain and simple.
Life is about choices, and we all have make them.

I don’t know about you people but for me, owning my own home is priceless.

God bless.

#49 palebird on 01.03.19 at 7:54 pm

#10

Trump is just getting warmed up. This is going to be very entertaining. The people who have “shut down” the govt are the Dem’s and it is going to hurt them bigtime.

#50 For those about to flop... on 01.03.19 at 7:58 pm

Race to a million.

This new listing on the beacon of affordability that is Turner Street should be worth a watch to see how low it goes for.

The neighborhood is apparently up- and – coming, gentrifying ,yada,yada.

All I now from my study is that there are houses down there that form some of the cheapest options in town,right up to people who got carried away and paid around 2.5 million for new builds at the peak.

You get one of them each side and you’ve got something to work with even in this market.

The details…

2822 Turner st,Vancouver.

Asking 1.05

Assessment 1.31

https://www.zolo.ca/vancouver-real-estate/2822-turner-street

Someone just wrote me on Pink Snow to tell me the house I put up last night just had there assessment rewound by something like 700k.

Since they bought in 2017,it appears they overpaid by around 2 million dollars.

Speaking of 2 million dollars I haven’t showed a 2 million dollar loss yet but this might be the year.

One of the biggest speculation attempts on my books(17million) just sold but no information available about the sale as yet.

Also while I’m doing a Race to a million post I might as well show you this one.

It is a half decent Vancouver Special.

The details…

3326 School Avenue,Vancouver.

Now asking 1.18

Originally asking 1.39

https://www.zolo.ca/vancouver-real-estate/3326-school-avenue

I’ve had around 10 of my cases come through as sold in the last week but Mls is being shady.

Not going to bother asking for realtors assistance anymore as I very rarely got an answer,but the main point of all that was to show you could track the market and still report without their stupid system,it just takes more time.

The worse the market gets, the more shadiness I expect.

Class dismissed.

I’ll see what else I can dig up…

M44BC

#51 Nobel Laureate on 01.03.19 at 7:58 pm

I must conclude after reading this post and many others that a great many of us even here in Canada suffer from “Trump derangement syndrome”. We support almost all of his policies, yet hate the man personally. And it gets so bad that even when he tries to implement a good policy, elected officials will vote against it and write scathing op-ed pieces because if Trump proposed it, it can’t be good.

Trump campaigned on ending the “forever war” in the middle east, and now that he is trying to do that the democrats are up in arms and his secretary of defense has resigned. You know who else campaigned on ending the war? Obama.

Trump campaigned on increasing border security which he called “a wall” because it gives a nice visual message. You know who else campaigned on border security? Obama.

Trump campaigned on “Make America Great Again”, which was a slogan about improving the economy. You know who else campaigned about improving the economy? Well, pretty much everybody but also Obama.

Whether you “like” someone is not the same as whether you like their policies. And we should not be too critical of Trump as long a Justin is running Canada. We have by far the worse leader. And we did that to ourselves.

There are times when a disagreeable personality has some good or even great ideas. Anybody who reads this site should know that.

#52 CEW9 on 01.03.19 at 8:02 pm

#29 Brad B on 01.03.19 at 6:26 pm

Garth,

what is your take on these all-in-one ETFs?

ie. VGRO, VBAL, XGRO, XBAL

Those are remarkable similar to what Doug wrote about on the weekend in “electric sheep”; namely RBC’s entry into to robo-investing. All of VGRO, VBAL, XGRO, XBAL are basically robo investments. Might be good for you if you want hands off, no thought put into it.

Note that like RBC’s robo-service, they only invest in the ETF’s that they own and benefit from. VGRO/VBAL only hold Vanguard etf’s & XGRO/XBAL only hold iShares etf’s.

It is also likely that the GRO’s might have a different weighting to the BAL stuff. Ie. 80-20 vs 60-40 or some such. Look at there holdings sheets. And there might be big differences in MER’s within the held etf’s (another thing you would have no control over).

Bottom line, both Vanguard and iShares have some good etf’s, but they might not be the best. If you are worried about being able to choose ‘the best’ on your own then they might be a good choice.

And remember that perfect is the enemy of good.

Personally I think the world needs a Turner balanced etf. Ie., a company that is willing to buy a basket of the best etf’s from any and all providers. Thoughts?

#53 TurnerNation on 01.03.19 at 8:02 pm

Nothing changes. Door A or B

– Ronald Regan: nice guy, actor – really delivered his lines.
– Next up: Bush SR – bad guy, lied about new taxes, war.
– Next up: Clinton. Jammed onstage playing sax. Nice guy.
– Next up: Bush JR. War monger, bad guy.
– Next up: Obama – great speaker, nice guy.
– Next up: Trump. Actor. Bad guy. Orange.
– Next up: Angelia Jolie? Actor. UN plant.

Gotta love Governmental Actors on the World Stage, always leading us into the Theatre of War.

#54 Long-Time Lurker on 01.03.19 at 8:05 pm

#29 Brad B on 01.03.19 at 6:26 pm
Garth, what is your take on these all-in-one ETFs?

ie. VGRO, VBAL, XGRO, XBAL

cheers!

>I actually remember that question:

#38 Charlie Don’t Surf on 11.21.18 at 6:29 pm
What’s your opinion of self rebalancing low cost index ETFs like VGRO?

Don’t own just one ETF. – Garth

#55 Charlie Don’t Surf on 11.21.18 at 8:33 pm
Thanks for the reply, Garth. Can you just clarify the “Don’t just own one ETF” in the context of VGRO, would it still apply?

Reason I ask is VGRO is actually a collection of seven ETFs ( Vanguard US Total Market ETF, Vanguard FTSE Canada All Cap ETF, Vanguard FTSE Dev AC ex Nrth Amer ETF, Vanguard Canadian Aggregate Bond ETF, Vanguard FTSE Emerging Mkts All Cap ETF, Vanguard Global ex-US Aggt Bd ETF CAD-H, Vanguard US Aggregate Bond ETF CAD-H )

http://portfolios.morningstar.com/fund/holdings?t=VGRO&region=can&culture=en-US

In this case, would you still advise to hold the underlying ETF’s or just trade it for the convenience of holding a single self-rebalancing Index of Indices like VGRO?

The advice stands. – Garth

#55 MF on 01.03.19 at 8:12 pm

28 Hugh Jassel on 01.03.19 at 6:26 pm

^Possible dethroning of “My life is a pile of shit” as best moniker on greaterfool?

MF

#56 Ronaldo on 01.03.19 at 8:15 pm

#20 SunShowers on 01.03.19 at 6:06 pm

Well, if government money for no reason is good enough for old fogies…And hey, they already GOT theirs anyway! They got to enjoy an economy that actually saw them receive more wealth and a better standard of living than their parents. Not so for today’s moisters.
——————————————————————
The GenXer’s were singing the same tune in the early 90s. Stop complaining and go out and make a success of yourself. Start by getting rid of the skate board and consider moving out of your parents basement.

#57 akashic record on 01.03.19 at 8:16 pm

The political, ideological difference between Romney, Angelina, Bloomberg, Oprah, Biden is marginal, they both sell the same globalism.

I can’t see any of them to have any original political idea, any desire or gut to challenge the status-quo and take the punches for it.

They all seem like political yes-men puppets, designed specifically for reciting pre-written scripts, put together by hired speech writers.

Their engineered politician persona is crafted in some back-rooms, the same way as Macron’s and Trudeau’s, by some old, wrinkled faces, who would never stand the chance to get elected.

#58 Troy McClure on 01.03.19 at 8:20 pm

#10 Ace Goodheart

If he holds out, and keeps the government shut down, there are 800,000 very upset furloughed and unpaid government workers out there, who are going to become a massive and vocal movement which will gain not only international attention but will ultimately turn the American public completely against their POTUS. These people have mortgages, families to support, children went without Christmas. Now they are going without food and many will soon be homeless. 800,000 is a lot of people. And these folks are for the most part well educated professionals with qualifications and tickets in trades and services. They are going to be heard and it is going to be loud.

This might be the first time I’ve ever seen anyone in the comments section say anything positive about civil servants.

#59 acdel on 01.03.19 at 8:21 pm

#46 For those about to flop

Interesting post!

So either another world war happens that wipes out 2/3 of the population or all countries say the hell with it (debt) and start from zero. There is no developing country that can ever pay off there debt. China, I have my doubts about them, we have no idea, no proof besides what they decide to provide the world with there own made up numbers.

Someone a while back posted a link about a few guys that decided to move to China and document on what was actually happening, it was an eye opener to say the least. I wish that I could remember on who it was and the link but my grey matter has kicked in.

Fool me once!!

#60 r1200C on 01.03.19 at 8:21 pm

Went to see Michelle Obama speak last year – what an astounding individual… She didn’t say “no” and elegantly danced around the question from the audience when asked if she would run…
It would certainly be something if she did… Many firsts… the best one would be to see Trump’s face.

#61 Madcat on 01.03.19 at 8:25 pm

At this point it is Oprah’s duty to humanity to run for president…

#62 Gunnevera on 01.03.19 at 8:41 pm

Don’t blame Trump about China’s stock market woes, they are in the midst of a debt crisis 1930’s style with only themselves to blame.

Supply side communist economics….

#63 Randy on 01.03.19 at 8:48 pm

Trump’s role and the agenda is a lot bigger than you think.

#64 AK on 01.03.19 at 8:50 pm

“2019 will rock if you’re into politics. And politics are rocking the markets.”
=====================================
Just an old fashioned bear market. It’s been going on since January 2018.

If things were so bad? why isn’t Gold doing anything ?

#65 AK on 01.03.19 at 8:52 pm

#5 Lee on 01.03.19 at 5:13 pm
“Most recent Nanos poll released Jan 2 puts Libs ahead 36.8 % to 34.4% with People’s at 1.2%. ”
=====================================

Polls are totally useless..

#66 acdel on 01.03.19 at 8:57 pm

Felix, what do you think? 2 grand for your own personal cat door that these narcissistic West Van couple are preaching on the rest of us hard working people!

https://www.cbc.ca/news/canada/british-columbia/vancouver-passive-homes-climate-change-1.4951377

#67 JacqueShellacque on 01.03.19 at 8:58 pm

For all his bluster and lack of suavity, Trump is right about the need for change after 3 decades of elite failures with:
-unrestricted free trade
-wide open borders
-interminable, aimless wars
-expansion of a useless ‘alliance’
and those who simply don’t like him for the sake of not liking him underestimate the sense of decline and real desire for change that his candidacy represented, and his presidency still represents. Ultimately it seems to me his base within the GOP is strong, and Romney will probably decide it isn’t worth taking a run at him. Dems making a huge mistake going hard left will strengthen Trump – because the best way to get rid of him would be a middle-of-the-road, conciliatory Dem along with a 3rd party person like Bloomberg running a sacrificial campaign to siphon off enough Never Trump GOPers to limit Trump to western and southern states.

#68 IHCTD9 on 01.03.19 at 8:59 pm

#43 Gulf Breeze on 01.03.19 at 7:17 pm
#23

Name wars China has started in the last 30 or 40 years.
———

Zero.

Because they’d get their @sses kicked if they tried.

Simple as that.

#69 AK on 01.03.19 at 9:01 pm

“Evidence? Start with China. Trump tariffs have contributed to that country’s crappy stock market performance”
=====================================

China had been slowing long before the trade war started.

#70 For those about to flop... on 01.03.19 at 9:07 pm

Recent sale report.

This sale seems fairly significant if you are interested in buying something on the lower side of things.

I featured this house in a Race to a million post and now we have the result.

The details…

10051 Williams Rd ,Richmond.

Just sold for 930k

Originally asking 1.35

Assessment 1.03

So they were probably a little bit optimistic with their original asking,but as I noted in the original post with supporting photos, this house was built in the mid 80s,was maintained and updated decently and perhaps was under-assessed.

I have found ones going much lower than a million in East Van, but not much in Burnaby,Richmond and North Van, with the latter ones hovering around the million mark.

This sale changes all that and shows what’s possible.

Vancouver is the dynamite that is gonna blow the fingers off the communities that were hanging on for the ride…

M44BC

https://www.zolo.ca/richmond-real-estate/10051-williams-road

#71 MF on 01.03.19 at 9:07 pm

#43 Gulf Breeze on 01.03.19 at 7:17 pm

“Name wars China has started in the last 30 or 40 years.”

-Go ahead and ask the Vietnamese and the Koreans to name a few of those.

“the U.S. has been the worst menace on planet Earth for quite some time.”

-No.

The US is heavily involved in humanitarian missions around the world. The second there is a pandemic, drought, or violence guess who everyone turns to first? These things don’t get as much attention among America’s adversaries and detractors because it doesn’t fit their narrative, of course.

MF

#72 Musty Basement Dweller on 01.03.19 at 9:09 pm

Latest report attached: It’s taken a year or so but it looks like the government initiatives are working for metro Vancouver. Prices down in all classes over the last 6 months

Vancouver Sun: Vancouver home sales fall to lowest yearly total in 18 years, detached home prices drop.
https://vancouversun.com/news/local-news/metro-vancouver-2018-home-sales-lowest-in-eight-years-rebgv

#73 Buddy on 01.03.19 at 9:22 pm

Thanks to all for the responses.

The standard commision is 5% (2.5% and 2.5%). On an 800k house this is about 20k and 20k.

I do not see how a Buying Agent can possibly justify this commision and a BRA. All of their services can be done now (incl property sales history). The forms are easy or you could pay a lawyer to draft non-OREA ones. Everyone is doing their own research on zolo anyway, daily, and often seeing the new listings before recieving the email blast from the Realtors. You can book a showing with the Selling Agent personally. Maybe, they can offer value in the luxury market. Bigger commision.

Our plan was to contact Selling Agent and explain to them (which in turn they would explain to the owner) that there is no Buyers Agent commission to be paid. This would have hopefully transferred to a reduced price and a better offer. The Selling Agent ultimately has the control and there is no non-shiesty way to get to the Owners to make a deal without agents.

Perhaps its a matter of principle for me but I cant justify 2.5% for these Buying Agents with high school diplomas and an OREA course. Realtors should be required to know about legalities of property, easements, title, interpetation of zoning and policy, even detailed market or specific area trends. Showing up and driving around a few times is not worth 20k and if the masses realize this we’ll all get better service.

#74 Nick B on 01.03.19 at 9:26 pm

Stocks drop for many reasons and this time it’s likely not Trump. Stocks are richly valued on many measures and the correction is likely to continue. The bond market is indicating that a recession is likely. Don’t blame Mr. Trump although an easy target. The average investor should listen to your advise and those who want to invest more time should be more strategic. The trend is down and likely to continue.

#75 not 1st on 01.03.19 at 9:30 pm

If T2 puts a basic income guarantee (read: deadbeat benefit) in place business are going to go all Ayn Rand and evacuate their capital out of here in a heartbeat. Trillions will leave and Canada becomes a glorified Belgium. You don’t want to be holding any of the TSX when that happens.

Meanwhile trump rolls on the democrat surge and wins in 2020 like nothing. Sanders has already been touched by the metoo movement. There are pictures of Biden groping women and taking selfies of it. I would love to see Angelina or Oprah run. Maybe she can use the secret on Trump.

#76 not 1st on 01.03.19 at 9:34 pm

Regarding Apple, well its RCA version 2.0. Yes there was a company as big as Apple making hi end electronics in the 70s and 80s and even before that. Guess what happened to them…well Japan ate their lunch and they are gone. Same likely to happen to Apple only with China doing the eating.

Not a bargain until $100.

#77 For those about to flop... on 01.03.19 at 9:36 pm

Recent sale report.

O.k so I’m finding some cases cleared from the holidays,bear with me Garth and gang while I bang off as many as I can.

Pink Snow might have to get called off the subs bench.

The details…

6521 Argyle St,Vancouver.

Paid 1.75 March 2017

Just sold for 1.55

Originally asking 1.75

Assessment 1.78

So these guys just lost close to 300k on a fairly typical East Van flip.

This stuff is not important.

Until it’s important…

M44BC

https://www.zolo.ca/vancouver-real-estate/6521-argyle-street

#78 tccontrarian on 01.03.19 at 9:47 pm

“A year ago Trump was tweeting, “DOW RISES 5000 POINTS ON THE YEAR FOR THE FIRST TIME EVER – MAKE AMERICA GREAT AGAIN!”, taking credit for a stock surge. Now that the market’s fallen more than 15%, he’s blaming the Democrats, who haven’t been in power. Funny how that works, too.”
————————
Another perfect example that the Markets actually ‘make’ the news – not the other way around, as nearly everyone believes.

Other notable examples are:

“oil glut” – when prices are falling
“peak-oil” – when prices are rising
“peak-house” -when prices are rising
etc.

Of course, the media will invite expert after expert to ‘explain’ a current trend. Some half-truths, some invented relationships are given, but really, they’re just throwing darts, hoping one will stick.
That’s the main reason I have BNN on : entertainment!

TCC

#79 stage1dave on 01.03.19 at 9:48 pm

A couple very timely columns, back to back, from my point of view. Turned 59 today, so wifey and I have been debating the CPP thingy and the supposed retirement scenario…I say scenario ’cause I don’t think either of us wants to anyway, but one day we’ll have to, no doubt.

Dammit…looks like the Flames came up a bit short…oh well…should leave the damned TV off while I’m posting.

Anyway, we’ve been doing more investing (whether contrarian or normie) the last 5 years than earlier in life. Still haven’t bought another house, tho…think we’ll wait another year and watch whether the market continues to wither, and if so by how much.

(Saw a sign off 118th ave in Edm last month: House For Sale-NO CREDIT REFUSED!) Huh? When private sellers start acting like used car salesmen, it’s time to run away)

Political-theater wise 2019 will be a memorable year. Epic. Enuff goin on in Canada that watching the developing dog and pony show south of the border will just be icing on the cake. Btw, Ms. Jolie might prove to be a suitable POTUS candidate, because her principal vocation is what the office seems to call for…sometimes I think they’re all actors.

I can’t imagine a “whoever” presidency being any more of a sideshow than the current one has turned into.

#80 Terry on 01.03.19 at 9:50 pm

Angelina Jolie….Yes….She’s HOT, but no chance for the U.S. Presidency. It will be Trump vs. Biden with Trump winning a second term. As for the Federal elections in Canada this year?……it doesn’t matter, nothing to see here. Also, a new U.S. & China trade deal will be announced before the end of February.

Still buying during this category 2 market storm. Great buys out there. ETF and Stock sales/discounts everywhere!

#81 Smoking Man on 01.03.19 at 9:51 pm

#141 acdel on 01.03.19 at 6:37 pm
#88 Smoking Man

Interesting hypothesis.

Personally, I have no fricken idea. Reading the article I thought that it might be something that you might be interested in being (part) smoking/JD drinker alien and all. :)

Although your opinion on attraction as opposed expansion is unique, who am I to say?? Yoda knows all!

What are your thoughts on dark matter?

………………………….

Dark Matter, complete BS. Einstein wild goose chase.

It’s all about Ether. a test was done at the turn of the century, failed to prove Ether existed.

Then it was done again in the sixties. Huge success but was hushed up and covered up. By that time reverse engineering on crashed alien craft had begun and Ether is the source of energy.

https://www.youtube.com/watch?v=AiITMiMFY7g

#82 AK on 01.03.19 at 9:53 pm

” Now Apple – America’s Huawei (of which Meng is CFO) – with 20% of its sales in that country is warning of reduced profits. ”
=====================================
Is Apple relying too much on their over priced iPhones ?
If they don’t make the required adjustments, they may end up like Nokia and Blackberry.

#83 Shawn Allen on 01.03.19 at 10:21 pm

Apple versus Radio Corporation of America

#76 not 1st on 01.03.19 at 9:34 pm said:

Regarding Apple, well its RCA version 2.0. Yes there was a company as big as Apple making hi end electronics in the 70s and 80s and even before that. Guess what happened to them…well Japan ate their lunch and they are gone. Same likely to happen to Apple only with China doing the eating.

Not a bargain until $100.

*********************************
You could be right but consider some differences. In RCA’s grander days, people were addicted to radio and television. And RCA had a good brand. But people were not addicted to RCA products as such. And there was no monthly recurring revenue at all. Purchases were infrequent and people shopped on price.

Apple, I believe, has substantial recurring monthly revenues in addition to sales of the hardware. And people acquire iphones through contracts where they don’t even pay upfront. Someone recently told me that they simply can’t leave iphone because they use group messages and need to stay on the same system as their friends.

In RCA’s day, competing radios and televisions gave basically the same user experience. In contrast are Apple phones and Computers like that?

Buffett believes that Apple customers are likely to be extremely sticky.

Have I mentioned my rule number one?

“Always assume that Buffett is correct”. He is not literally always right, but it is the way to bet.

#84 Bobby bittman on 01.03.19 at 10:29 pm

Quite the cast of candidates being thrown out ther for leading the free world and steering the largest economy. Qualifications? Pretending to be someone else or in Oprah’s case being nice (which makes you stand out in a crowd filled with celebrity douches!)

Once again Canada trails the US in culture shift. How about Anne Murray for PM? Carly Rae Jepson? Martin Short? They seem nice. Of course that would get in the way of Ben Mulroney’s birthright.

#85 Socialist Barb on 01.03.19 at 10:33 pm

Don’t invest in Canada. It’s a hole.

#86 crazed and a little confused on 01.03.19 at 10:38 pm

hi # 48 realtor haters,
I don’t think it is so much as hating realtors. but during this boom you have realtors who know little or next to nothing popping up. showing up to open house, they cant tell me anything about form b or schedule A form and here they are selling a $500, 000 property. they are little more than a warm body pointing out details I can get on google maps.

Granted there are a lot of financial advisors telling investors to buy this fund or that fund without understanding why their fund ( RBC/ CIBC) in inferior to Vanguard index fund or equivalent but they are at least somewhat regulated to a point where they represent the best interest of buyers based on the client risk tolerance . I seen some old people sue an advisor when he put them in very risky investment. they didn’t get all the money back but the advisor firm had to pay remuneration to the formers clients.

you don’t see that happening when the sellers sell a home with $150 k plus repairs knowing the clients have stretched their $$$ limit on a 5% down payment.

you are very happy with your purchase on a home …good but lets face it …if conditions were different and you bought in florida in 2006 …you would have not been so happy.

I could have bought apple @ $ 189/ share . before it when to $450 then did a 3 to 1 split to $ 99 dollars . but hey I bought it @ $115 then sold it @ $ 180.
I bought back @ $ 170. and today its $ 143.

point is we do make decisions so good… some bad

I bought stocks for along time and I get monthly income. I get a little giddy every 3 months when I get about $ 2800/ dividends with drip account . but I realize it was some good choices and learned thru some bad decisions which I benefit now. I don’t lord it over other less fortunate …just not cool. be grateful what you have

#87 JSS on 01.03.19 at 10:50 pm

I love her.

#88 akashic record on 01.03.19 at 10:50 pm

#81 Smoking Man

Dark matter, ether…

Everything – absolutely everything – is energy in some form. Consciousness that binds it all together.

#89 akashic record on 01.03.19 at 10:55 pm

The ether experiences

https://www.youtube.com/watch?v=g_loyzL9Wi4

#90 akashic record on 01.03.19 at 11:14 pm

Ether… take 3

Eric Dollard teaches best in-depth electricity… and more.

At 16 he was electric engineer, working for RCA, which was Apple at that time.

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

He inspired the character of the genius scientist in Back to future.

#91 Gulf Breeze on 01.03.19 at 11:17 pm

MF,

I well remember the movie, “Apocalypse Now” about the red Chinese invasion of Vietnam…and the late actor, Bruce Lee in the role of a black belt Chinese General declaring, “I love the smell of napalm in the morning.”

My favorite actor was Robert Duvall who played the part of an American country Doctor who air dropped medical supplies to the North Vietnamese while they were under attack.

#92 robert james on 01.03.19 at 11:26 pm

The housing correction that is coming… https://www.macleans.ca/economy/realestateeconomy/this-is-how-canadas-housing-correction-begins/

#93 For those about to flop... on 01.03.19 at 11:32 pm

Race to a million.

Burnaby edition.

You split the lot bro?

Doesn’t seem like it,but they might be split from some of their cash.

The details…

4991 Empire Dr,Burnaby.

Sold 1.49 February 2016

Asking 999k

Assessment 2017 1.56

So they have consulted with Larry Lowball and decided to take his approach.

We’ll see where it ends up.

I didn’t get as much done tonight as I thought I was gonna.

Always tomorrow.

I try to keep up, but between work,holidaying,errands,appointments,socializing and so on and so forth there is not much chance for a one man band such as myself.

I know what I want to do,I just can’t do it anymore.

I suffer from premature documentation…

M44BC

https://www.zolo.ca/burnaby-real-estate/4991-empire-drive

#94 Yanniel on 01.03.19 at 11:45 pm

“But with no recession on the horizon, markets are pricing one in.“

Isn’t the ISM Ryan’s favourite economic indicator to predict recessions?

https://www.greaterfool.ca/2017/10/28/recession-monitor/

Todays News:

https://www.bloomberg.com/amp/news/articles/2019-01-03/u-s-factory-gauge-falls-most-since-2008-as-orders-output-cool

#95 reynolds531 on 01.03.19 at 11:58 pm

#83 Shawn

Can’t leave iPhone because of messenger? Really?

Didn’t blackberry have one ten years ago everyone was using?

#96 crowdedelevatorfartz on 01.04.19 at 12:08 am

@#43 Gulp breeze
“have some awareness of who the worst guy is out of two bad guys.’
++++

Trick question….
Communist China right?

#97 crowdedelevatorfartz on 01.04.19 at 12:13 am

@#48 Shyster Lover
“God bless.”
++++

Ahhhhh yes.
Screw thy neighbor (financially with obscene commissions) and then pray for forgiveness….then all is forgiven.
Sorry, but Satan has a special place in financial purgatory for the Realtors over the next 2 -5 years.
Reap the whirlwind.

#98 crowdedelevatorfartz on 01.04.19 at 12:16 am

@#50 Flop
“Not going to bother asking for realtors assistance anymore as I very rarely got an answer….”
*****

Perhaps their internet, like their Visa, has been cut off?

#99 crowdedelevatorfartz on 01.04.19 at 12:20 am

@#55 MF

yeah, I have to admit…..I’m a little jealous of Hugh Jassel….but since he’s from a long line of Jassel’s…..I’ll get over it.

#100 crazyfox on 01.04.19 at 12:26 am

I’m not sure why I’m bothering with this, its too obvious to anyone paying attention but I guess, a full third still don’t.

Trump is done. There are 17 investigations against Trump and the little Trumps by fed and state authorities. These investigations happened while the Republicans controlled all three houses and these are the investigations that the public knows of. There could be another half a dozen or more spread throughout 17 U.S. intelligence agencies outside of DoJ.

To think that a majority Democratic congress with subpoena power and full control to open investigations of their own in public settings, with the level of intelligence that’s already reported in the media, does anyone think this will be brushed off with the wave of a hand? High crimes and misdemeanors can be just as effectively prosecuted in the courts of public opinion as they can in the courts of law.

This is what the Trumpets fail to understand. The 20 million or so listeners of Rush Limbaugh and Anne Coulter radio and the 34% market share of Fox cable news concentrated in the red state bread basket of America won’t be enough to save Trump from what’s coming. All the propaganda, all the misinformation, all the lies, all of it will have its reckoning as the facts work their way through the courts of public opinion and law.

What? What’s that? The power Liberal AND Conservative media in the U.S. holds now sway? Check out the competition and learn (22 minutes on, lets save time):

https://www.youtube.com/watch?v=84KP89ULP7Y

This kind of stuff from today reveals just how Russian influenced Trump is once a week… sometimes every other day. Why is Trump a Russian pumper for Russian backed coup’s and 1979 Russian invasions of Afghanistan on this one of many dozens of examples, maybe hundreds just like it? Where is his staff that one would presume, fact check, or control how is Trump getting his information? Right… he doesn’t listen to those, just Russian speak. Looks like his wife taught him well.

Trump rattled on for 1.5 hours almost non stop in front of his ministers yesterday in a staged media stunt because no one at the table had the character to keep him from being his own worst enemy. That’s where we are at now, a government beginning its 3rd year with a senior staff turnover north of 65%. Welcome to the B and C team. That’s worse than McDonalds or Walmart, soon to be worse than Sears. How do you spell S*** Show.

It just never ends. The best the U.S. can hope for now is that when Trump crashes and burns, and he will, the world will see him as a burnt out reality TV president and not the real thing chalking it up to make believe as opposed to bailing from U.S. markets because Americans were too dumb to prevent themselves from electing a Russian compromised, failed president.

What I worry about is the blow back one can expect when Trump is gone. Will it be an over reaction? In the U.S., how could that happen… I listen to Putin going on about supersonic Russian missiles and I have to think, “why is he telling the world he has this tech?” What tactical advantage could that possibly have? Interfering with the elections of a nation with more than twice the population and 10 times the economy and military budget might be why.

Boast, bluff, fear… Putin is the most successful thief in the world, its my belief. And a villain too. But interfering with U.S. elections with a puppet like Trump just because you can, just because you have the opportunity? I think its the dumbest thing Putin has ever done, the kind of move that starts world wars. Sorry Russian troll readers, it ranks right up there with sleeping with an aids infested hooker just because its nickel night.

#101 DON on 01.04.19 at 1:29 am

Crowded

How about these words from CBC BC News?

“Metro Vancouver home sales fall to lowest total since 2000”

https://www.cbc.ca/news/canada/british-columbia/metro-vancouver-home-sales-2018-1.4964972

Posted only 9 hours ago and already pushed of the main news, some what harder to find.

#102 DON on 01.04.19 at 1:33 am

Crowded

How about these words from CBC BC News?

“Metro Vancouver home sales fall to lowest total since 2000”

https://www.cbc.ca/news/canada/british-columbia/metro-vancouver-home-sales-2018-1.4964972

Posted only 9 hours ago and already pushed of the main news, some what harder to find.

Guess the next headline will be ‘the lowest sales since the 80’s soft landing’

Rexx Rocks_ Com’on you know those Victoria Assessments were based on July 1 2018 and not present day Victoria. The wind is pushing all those for sales signs over, that and the monsoon rains. It hasn’t stopped pouring in two days.

#103 Russ on 01.04.19 at 1:43 am

Shawn Allen on 01.03.19 at 10:21 pm

Buffett believes that Apple customers are likely to be extremely sticky.

Have I mentioned my rule number one?

“Always assume that Buffett is correct”. He is not literally always right, but it is the way to bet.

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

Agreed.

It is my observation that Apple consumers are not only rabid. They are loyal to the brand, always.

It seems almost consumer cult-like.

I used to chide them years ago regarding the commercials about their single button mouse, … so easy. even a teacher can use it.

Cheers, Russ

#104 NJGeezer on 01.04.19 at 2:54 am

Joe Biden?? You Canucks crack me up.

He was born in 1942. You really think he has a snowball’s chance in Hades of being elected? If you answer yes to this question, then you really are clueless.

2020 – 1942 = 78 years old in election year.

Not bloody likely. Worry about your own country’s horrible leaders, and leave us to ours.

#105 Nonplused on 01.04.19 at 3:22 am

#73 Buddy

The reason the buying agent might be worth his/her money is he/she might save you his/her commission, or more, if he/she is any good.

Stating that the agent might not be good because he isn’t a PhD. and only has a high school diploma is about the same as saying Shawn White shouldn’t be the best snowboarder in world because he didn’t take lessons at COP (Canada Olympic Park). Results matter. Shaun has yet another gold. And millions in endorsements. And I bet no high school equivalent.

You are engaging in some sort of “ism” whereby you hate people who are better at something than you are, and don’t want to pay them. That will probably not get you ahead.

#106 Howard on 01.04.19 at 4:59 am

#34 conan on 01.03.19 at 6:49 pm
Biden for the win, unless Bloomberg. Trump is between rock and hard place. Doubt he finishes his term.

———————————————-

If he gets the wall built his popularity will soar and he will easily win a second term. He will be credibly able to run on having secured the borders. In this new era of classical liberalism and anti-globalism, that is a winning message.

#107 Howard on 01.04.19 at 5:02 am

The latest from Down Under.

Weakest property market since 2008: Sydney, Melbourne house prices tumble

https://www.smh.com.au/business/the-economy/weakest-property-market-since-2008-sydney-melbourne-house-prices-tumble-20190102-p50p6b.html

#108 Gulf Breeze on 01.04.19 at 6:28 am

Crowded Elevator Flatulence,

Both Russia and China function more like hard right oligarchic dictatorship now. They are hardly communist in practice
I don’t care if they still refer to themselves as communist.

#109 Chris on 01.04.19 at 7:07 am

Trump can retire after he locks Hillary up. If no investigation is conducted for her, I say he should pardon all his associates.

If both of these candidates in 2016 were so bad, they should have post poned and investigated them both. Ultimately America is pissed off, and Trump is the result. Trump was illegally spied on and arguably the Mueller investigation was based on false information.

Water Gate II

As for the Market, I guess it depends on the border wall, then then the market will bounce back. (note: the market was so far ahead, it was due for a retraction)

#110 NoName on 01.04.19 at 7:50 am

Luddites are assembling…

https://www.usnews.com/news/national-news/articles/2019-01-02/driverless-vehicles-threatened-attacked-in-arizona-with-guns-knives

#111 cristian on 01.04.19 at 7:56 am

Michael Bloomberg is republican ?

#112 crowdedelevatorfartz on 01.04.19 at 8:07 am

@#107 Gulp Wheeze
“Both Russia and China function more like hard right oligarchic dictatorship now. They are hardly communist in practice
I don’t care if they still refer to themselves as communist.”

*****

Interesting. You dont care whether they are dictatorships run by murderous rulers that jail or kill the opposition but as you stated in comment #43
You consider Russia and China much more “humane” than the US.

Apparently irony isnt your strong trait.
If you were living in either Russia or China your access to the outside internet would be banned and you would be thrown in jail for having this very conversation.
Just curious. When do you plan on moving to either “utopia”?
Or are you already trolling from there?

#113 Frank The Tank on 01.04.19 at 8:23 am

Two things:

1) crowdedelevatorfartz is a fantastic handle. God bless you sir!

2) I am encouraged by the Toronto numbers. It means speculators and “investors” are leaving. Inventory has dropped along with sales which bolds well for steady prices. Prices only down 4% since 2017 when the speculator mania was rampant. RE should be a long term vehicle to provide a home for a family, store wealth via a foolproof savings program and see incremental steady gains. It’s not meant to go up 30% yoy. I don’t feel bad for speculators at all.

#114 crowdedelevatorfartz on 01.04.19 at 8:28 am

@#101 Don
“Posted only 9 hours ago and already pushed of the main news, some what harder to find.”

+++++
The link I provided at #45 was in the newspaper/fishwrapper known as the Province.
But I did also see the News on the 6pm CBC. The 1st story up and they spend several minutes talking to “Joe Average” who has been trying to sell his condo in east Vancouver since….August. Even after spending $60k on renos…..crickets. The view outside his 3rd floor window wasnt of the ocean or the mountains….it was of Kingsway and a plethora of grubby stores and restaurants. Not once did the whining seller mention if he had …..dropped his price……

Not to worry.
If they are posting sales numbers( 2018 sales the worst since 2000) and stories like this in the “News”….its probably much worse.
The Real estate cartels can massage the numbers and pressure the media lap dogs all they want to “bury stories on Page 3”.

If upper middle class wages such as a doctor or lawyer husband and wife team cant afford to buy (or qualify for a mortgage)a shitty condo in Surrey and look forward to commuting hell…..all hope is lost…… :).

Humpty Dumpty has fallen off the Real Estate wall and is still falling……..when Humpty hits the ground ….the mess will be difficult to clean up….media spin or not.
I’m thinking the majority are clueing in and deciding to “ride this one out” for a while especially with the current uncertainty in the markets.
2019?
I believe in China its “The Year of the ExRealtor”

#115 Buddy on 01.04.19 at 9:09 am

#105 NonPlused(Pulsed?)

Realtors™ are required to practice based on ethics and competence like any other profession. For example, if I was to seek out a lawyer or engineer I would expect certain abilities and a level of competency from them and expect them to look out for my best interests as a client. There is also a fiduciary and ethical duty.

Realtors claim the same. If, after my experience with one, two, three Realtors, I find that they are looking out for their interests and not mine (for example, using shiesty maneuvers to get a BRA signed) or me getting feelings of desperation from them, why would I be encouraged to seek out another Realtor if members of their ‘profession’ don’t adhere to the Realtor code of conduct or ethics? What confidence does that instill in me, a potential client, for the whole Realtor organization and it’s members?

I think you’re missing the point. This isn’t about being a hater. It’s about expecting a certain level of professionalism from those that claim to be professionals. Shaun White does a service for himself, not clients.

I’ll ignore the low-blow about getting ahead.

#116 The Real Mark on 01.04.19 at 9:23 am

#44 Nonplused on 01.03.19 at 7:26 pm

You really need to cut your comments down as you rarely, if ever, add any value to this blog. You rant about many things you don’t understand like you are an expert. It can be very misleading and confusing for many who come here to learn.

There is no such thing as a buyer’s agent. In a deal there is a listing agent and a selling agent. There are agents claiming to be buyers agents but the fact is they aren’t, they are selling agents (selling listed houses). Ross Kay explains this in his many podcasts available on Howestreet, so if you don’t believe me or simply want to educate yourself go listen to them.

Deflation.

#117 Lee on 01.04.19 at 9:27 am

#65 AK,

No they are not. Polls at least tell you what lefties are thinking. If you are Liberal and lose a poll, you are done. If you are Liberal and win a poll, then its a race. This is a race. However, I think that NDPers who jump ship will be more likely to vote Liberal than stay home, although some will go Green. I am not saying Scheer cannot win. Trudeau is certainly trying to tilt the floor, like allowing ex-pats to vote (although I think this will be pretty much a neutral change). I predict Bernier’s party will fold. When this happens, it will no doubt boost the PCs.

#118 n1tro on 01.04.19 at 9:37 am

#76 not 1st on 01.03.19 at 9:34 pm
Regarding Apple, well its RCA version 2.0. Yes there was a company as big as Apple making hi end electronics in the 70s and 80s and even before that. Guess what happened to them…well Japan ate their lunch and they are gone. Same likely to happen to Apple only with China doing the eating.

Not a bargain until $100.
———————————-
^^^ Completely agree. Have people seen what China’s Xiaomi has going on?

https://www.engadget.com/amp/2019/01/03/xiaomi-three-panel-foldable-phone/

Is it a surprise that Apple has come out saying people aren’t buying as many iPhones with tech from 5 years ago regardless of the logo on the back?

#119 not 1st on 01.04.19 at 9:48 am

New congress off to a rousing start.

https://globalnews.ca/news/4814237/rashida-tlaib-donald-trump-impeach/

“We’re going to go in and impeach the mother*****”

Trump a shoe in for 2020. His support will be 10pts higher in a year.

#120 n1tro on 01.04.19 at 9:49 am

#83 Shawn Allen on 01.03.19 at 10:21 pm

“And people acquire iphones through contracts where they don’t even pay upfront.”

^^Most people acquire any phone through contracts which Samsung, LG, Apple, etc heavily subsidizes to move units. Apple just has an advantage in that their per unit cost is like ~$300 per iPhone (not shocking given old tech) while Samsung’s flagship costs them $700-$800 so they sometimes channel load the carriers at a loss.

“Someone recently told me that they simply can’t leave iphone because they use group messages and need to stay on the same system as their friends.”

^^This was the same zombie mindset with Blackberry users for its email server and blackberry messenger. We know what happened then don’t we?

#121 SunShowers on 01.04.19 at 9:54 am

#56 Ronaldo on 01.03.19 at 8:15 pm

The GenXer’s were singing the same tune in the early 90s. Stop complaining and go out and make a success of yourself. Start by getting rid of the skate board and consider moving out of your parents basement.

———————–

Except in millennials’ case it’s actually true. Maybe you should pay less attention to what people SAY and more attention to the actual DATA.

https://business.financialpost.com/personal-finance/young-money/most-millennials-seen-worse-off-than-parents-despite-aptitude-study

https://www.usatoday.com/story/money/2017/01/13/millennials-falling-behind-boomer-parents/96530338/

It’s also rich hearing people telling me to “go out and make a success of myself.” My wife and I work 2 jobs each, putting in 60-70 hours a week and we’re just getting by, despite my STEM degrees and her trade ticket. If our boomer parents were putting in those hours, their household income would be pushing 6 figures EASILY (before even adjusting for inflation). Not so for us.

Even if boomers didn’t belong to one, the mere existence of unions drove wages up for everyone, and pensions guaranteed financial security for life. But once boomers got theirs, those magically became “unnecessary” almost overnight, occurring curiously concurrently with boomers inheriting the means of production of their employers and the wealth of their parents. They cut down all the trees in the forest to build their own ladder to prosperity, didn’t plant new ones, pulled the ladder up after them, and are now demanding millennials “build their own ladder.” With what?

Well, I guess we will build our own ladder, but since you cut down all the trees (both metaphorically and literally, given the dying planet left for us,) I suppose we’ll have to fashion our ladder out of your wrinkly hides.

There will be a wealth tax.
There will be an estate tax.
There will be a financial transaction tax.

And you have nobody to blame but yourselves. You did this, and left us no other option.

#122 Godth on 01.04.19 at 10:20 am

reading the comments i’d never know that nixon went to china, the soviet union collapsed, or that communism is dead. i’ve been living under the delusion that i saw the berlin wall come down and had lengthy discussions about it when i was living europe at the time. i’m in an alternate universe. it’s all good for the military industrial complex though as mooslim terrorists were wearing a little thin.

talking about meddling, check this out:
Inside the Temple of Covert Propaganda: The Integrity Initiative and the UK’s Scandalous Information War
https://grayzoneproject.com/2018/12/17/inside-the-temple-of-covert-propaganda-the-integrity-initiative-and-the-uks-scandalous-information-war/

https://www.youtube.com/watch?v=0KMVhb57RqI

#123 n1tro on 01.04.19 at 10:35 am

With regards to blindly following Buffet because of his past record, when talking about Apple after having picked it up at a high…

Buffet called the iPhone “enormously underpriced,” saying that it’s worth far more than the $1,000 Apple charges.

—Yes Warren, there are many things in the world that are enormously underpriced…like the $200 smartphone that does the same thing as the iPhone.

“I have a plane that costs me a lot, a million dollars a year or something of the sort. If I used the iPhone — I use an iPad a lot — if I used the iPhone like all my friends do, I would rather give up the plane”

—This sounds like the rambling of someone losing their marbles(?). I think Buffet is trying to compare the utility of a $1000 phone versus a $1 million plane. Both of which are used for completely different things but sure…

“Now it’s got competition so you can’t push the price, but in terms of its utility to people and what they get for a thousand dollars…you can have a dinner party that would cost that, and here this is, and what it does for you, it’s incredible.”

—-This sounds like a kid discovering the Internet has free porn…”it’s incredible!” But seriously, I think Warren probably still uses a rotary phone and gets his stock briefs printed and hand delivered to him. Warren sounds like someone who just got unfrozen and is discovering the “new world”.

You would think these comments were made in 2008 but nope, it was made a few months ago in 2018.

Read the rest of the interview at https://www.cnbc.com/2018/08/30/warren-buffett-says-he-bought-just-a-little-more-apple-recently.html

#124 Smoking Man on 01.04.19 at 10:37 am

Boom. No rational reason other than the deep state lets get the bugger for the stock market to be imploding.

Good time to buy.

https://www.cnbc.com/2019/01/04/nonfarm-payrolls-december-2018.html

#125 PastThePeak on 01.04.19 at 10:41 am

#92 robert james on 01.03.19 at 11:26 pm
The housing correction that is coming… https://www.macleans.ca/economy/realestateeconomy/this-is-how-canadas-housing-correction-begins/
+++++++++++++++++++++++++++++++++++

Thanks for the link. A surprisingly well written and factual article, for MacLeans. It sums up the issue at hand for Canada, which most media organizations are glossing over.

– In Van and GTA markets, monthly debt servicing costs are up over $200/month, or $2500/year. That is money not being spent on other goods in the economy
– Without increasing RE values, and in some areas a decline, the HELOC ship to tap into to spend beyond one’s means is running aground (also less spending).
– While mortgage originations have declined considerably due to the stress test, the effects of the current rate level (and possibly one or two 25 basis point increases more) haven’t been felt by most existing mortgage holders. This is a delayed effect.
– Auto sales, often a canary-in-the-coal-mine, are starting to drop off strongly.
– If BoC doesn’t raise rates in following Fed, the loonie will tank, causing its own set of issues and increase in inflation.

As other articles here indicate, the Australian market is well into a correction, and some expect it to hit the bear market conditions. And that is in their top markets of Sydney and Melbourne.

And yes, Australia does have a high population growth rate (more than Canada’s), due to both natural increase and immigration. Australia’s population grew by 1.7% in the year to June 2017, per one source. So, to remind our urban boosters, it is possible to have a strong housing correction with a high population growth rate, when the financials get well out of whack.

#126 Dissident on 01.04.19 at 10:48 am

Trump. The fact that he is trying to veil the border wall project as some kind of safety and national security crisis – when news media and everyone needs to focus on the fact that he is using this billion dollar project to get several tens of millions in kickbacks from whomever he contracts to build this monstrosity! This is the only thing he cares about and it will be probably the largest single transaction he does in his life, lining his pockets, debt free and probably tax free, while he bankrupts the rest of America. This of course will be done with the standard Trumpian mind tricks and manipulation tactics that seem to baffle, seduce and misdirect even the smartest people in the room. And to think, he is hoodwinking everyone with the largest piece of real estate ever. “It’s gonna be huuuge!” How ironic.

Dick Cheney did the same thing when he declared Iraq has weapons of mass destruction and was a threat to national security (they didn’t and they weren’t), and then gave Haliburton (the defense company he was CEO of) business contracts from all of that military activity.

Politics is merely a vehicle through which opportunists steal from their country for their own personal benefit (wink, nudge). And just like all the other crimes he commits, he is doing it in plain sight. I wonder, how many in his “base” have realized this?

#127 andrewt on 01.04.19 at 10:59 am

Last January:
TORONTO — Canada’s largest real estate board predicted a slower year is ahead for Toronto’s housing market after it overheated in 2017 and sent home prices surging.

In a preview of its annual forecast, the Toronto Real Estate Board said it expects home sales this year to slip to somewhere between 85,000 and 95,0000, slightly lower than 2017 when there were 92,394 sales.

However, that dip in sales will come as the average selling price will creep higher, TREB said.

It forecast that the average home will sell for between $800,000 and $850,000 — the same as TREB predicted for 2017. That year the average selling price reached $822,681.

It said it was already seeing signs that the country was “fully recovering” from last year’s heated conditions that sent the market into a frenzy.

https://www.bnnbloomberg.ca/toronto-home-sales-poised-to-fall-in-2018-amid-regulatory-changes-real-estate-board-1.982572

Today:

The number of homes sold in Toronto and the surrounding area fell in 2018, along with the number of new listings hitting the market, as homebuyers and sellers grappled with a new reality of higher interest rates and stricter mortgage rules.

The Toronto Real Estate Board says there were 77,426 residential transactions recorded through its Multiple Listing Service (MLS) system last year, down 16.1 per cent from 92,263 sales in 2017.

The board says the total number of new listings was also lower, pulling back 12.7 per cent to 155,823 in 2018.

Meanwhile, the average selling price for all property types in the GTA fell by 4.3 per cent to $787,300.

https://www.cbc.ca/news/canada/toronto/gta-home-sales-2018-drop-1.4965873

#128 CEW9 on 01.04.19 at 11:27 am

#121 SunShowers on 01.04.19 at 9:54 am
_____________________________________

Yes, the boomer’s rode a wave of expansion after the war. They were lucky. But, so are you.

Part of our struggle for happiness is comparing our lives to the people around us (in this case the retiring ‘boomers’) instead of comparing our lives to the people who came before us.

My mom had no electricity or plumbing when she was a kid. If I can afford that, I am doing good. (That was the 50’s by the way, she is a ‘boomer’).

My grandparents raised 5 kids in a one room house in the freezing prairie. My house has at least 4 rooms. I am doing good.

My great grandparents had 3 kids die before the age of 2. Mine are alive, solely thanks to our healthcare system that I pay for in taxes, and have access to whenever I need it. I am doing good.

Do you have indoor plumbing? Central heat that turns on and off without you even thinking about it? You are living like a Roman Emperor. You are doing good.

Life is better when we acknowledge the amazing things we have in life. The 21st century is a great time to be alive. Happiness begins in a place of gratitude.

On a separate note, if you are just getting by on working two jobs each for 60-70 hours a week, it really sounds like you need to consider radically reducing your costs.

Pay off the credit card debts, then cut them up. Ditch the huge phone plans, cancel your vehicle lease and buy a used car for cash. It might mean moving to a new city/province where life is more affordable. That’s what drove my ancestors to pull up roots from the old countries and move to Canada 150 years ago.

#129 The Real Mark on 01.04.19 at 11:31 am

Why is Barrick Gold still a failed stock when I predicted that gold would go up? It makes no sense!

https://forums.redflagdeals.com/goldcorp-g-1218941/14/#p18362848

I’m glad I stayed in my mom’s basement because real estate peaked in 2013

https://forums.redflagdeals.com/gold-bubble-bursts-1431262/19/#p18367749

#130 Phylis on 01.04.19 at 11:41 am

#121 sunshine shouldnt you be working and not whining on a blog while on the companys dime?

#131 IHCTD9 on 01.04.19 at 11:42 am

#121 SunShowers on 01.04.19 at 9:54 am
____

Uhh, no wealth taxes, estate taxes, or transfer taxes will be levied against boomers by millennials, unless the Mils have decided incinerating their own inheritances is a good thing.

If you are a millennial and are having trouble getting by – it’s because you are living in a big city with high costs and stupid RE prices. That’s your fault, not the Boomers.

I know plenty of Mils out here that are doing great. Better than their boomer parents, that is for damn sure.

#132 IHCTD9 on 01.04.19 at 12:00 pm

#119 not 1st on 01.04.19 at 9:48 am

“We’re going to go in and impeach the mother*****”

_____

Good Grief, did they really say that?

Don’t the Dems have like a strategist who directs party members as to what should, and should not be said in public?

If this is the left rhetoric for 2019, the dems are toast – burnt toast.

Unlike our MPs, American congresspeople are not trained and choreographed seals. Individuals can say what they want (however misguided or extreme) and answer to the voters, not the party leadership. It would be nice to see such a tude in Canada. – Garth

#133 marcus on 01.04.19 at 12:13 pm

Thirteen Canadians have now been detained by the Chinese govt. One of them will be executed. this is in response to Canada arresting the Huawei officer. Where is the travel warning to Canadians (Especially non-Chinese) who are traveling to China? There is a mass exodous of foreigners leaving China from other countries right now. Wake up Canada!

#134 Penny Henny on 01.04.19 at 12:13 pm

GTA housing sales

2016- 113,000+
2017- 92,263
2018- 77,426

sales down 31% in two years

Yikes!

#135 Stan Brooks on 01.04.19 at 12:31 pm

World markets up 3-4 % today, TSX up 1.36 %.

no more comments.

#136 SunShowers on 01.04.19 at 12:38 pm

Garth is a very firm believer in not relying on an inheritance from our parents to see us through. As he put it, “we didn’t earn it.”

That money should be earmarked for the exorbitant costs of assisted living, he says, and he’s not wrong about that either. But it’s just one more example (like OAS) of the older generations starving the younger ones so they can die comfortably. Better all that money be put to use to guarantee EVERYONE a decent standard of living, not just the elderly.

My wife and I also live in a tiny house on the freezing prairie, both our cars are used with well over 100k on the odometer (mine’s already paid off, that’s how long I’ve had it), we don’t go away for vacations, we don’t drink, do drugs, gamble, smoke, or have any other expensive habits, and we don’t eat avocado god-dang toast.

You know who does go away for vacations (usually twice a year to all inclusive Jamaican resorts) and drinks like a fish all year round though? Our retired parents. Yeah, we’re not counting on any inheritance, the state can have it.

There are millions of millennials like us, you’re all just too insulated to notice.

#137 JB on 01.04.19 at 12:39 pm

#81 Smoking Man on 01.03.19 at 9:51 pm

#141 acdel on 01.03.19 at 6:37 pm
#88 Smoking Man

Interesting hypothesis.

Personally, I have no fricken idea. Reading the article I thought that it might be something that you might be interested in being (part) smoking/JD drinker alien and all. :)

Although your opinion on attraction as opposed expansion is unique, who am I to say?? Yoda knows all!

What are your thoughts on dark matter?

………………………….

Dark Matter, complete BS. Einstein wild goose chase.

It’s all about Ether. a test was done at the turn of the century, failed to prove Ether existed.

Then it was done again in the sixties. Huge success but was hushed up and covered up. By that time reverse engineering on crashed alien craft had begun and Ether is the source of energy.

https://www.youtube.com/watch?v=AiITMiMFY7g
………………………………………………………
Are you talking about the Silvertooth experiments or the Michelson-Morley experiment?
Get your shit together or pull back on the booze.
You are truly in need of professional help with your fixations.
Some of us here are actually quite proficient in the world of science! Not-science fiction!

#138 DriveByArgument on 01.04.19 at 12:52 pm

“Thirteen Canadians have now been detained by the Chinese govt. One of them will be executed.

Where is the travel warning to Canadians (Especially non-Chinese) who are traveling to China?

Wake up Canada!”

—————————————————————–

As an Albertan, I try really hard to convince myself that Trudeau is a mendacious actor with an ideologically driven plan to destroy my life.

But the evidence always points to simple, overwhelming incompetence on the part of the government rather than events driven by some of malicious genius.

The travel ban will be issued after an execution (if ever) for the simple reason that no one in the PMO’s office is capable of thinking that far ahead.

I think Trump and Trudeau are a lot more alike than people realize. They project very different TV images, but the images are vivid and strong so as to distract attention from the fact that they are in way over their heads.

#139 Dissident on 01.04.19 at 12:54 pm

#132 IHCTD9 on 01.04.19 at 12:00 pm
#119 not 1st on 01.04.19 at 9:48 am

“We’re going to go in and impeach the mother*****”

_____

Good Grief, did they really say that?

___________

I for one find her “telling it like it is” refreshing. Oh, wait. Where have we heard that before? Oh yeah. Trump “tells it like it is”. But see, he lies. Maybe try to be less hypocritical in your vilification of enthusiastic Dems, especially when they are *gasp* kickass women. Shoutout to Nancy Pelosi. #rockdahouse

P.S. I’d love to hear your take on Alexandra Ocasio-Cortez’s *gasp* shocking video of dancing and being adorable in college.

#140 Ubul on 01.04.19 at 12:58 pm

#126 Dissident on 01.04.19 at 10:48 am

Trump. The fact that he is trying to veil the border wall project as some kind of safety and national security crisis – when news media and everyone needs to focus on the fact that he is using this billion dollar project to get several tens of millions in kickbacks from whomever he contracts to build this monstrosity! This is the only thing he cares about and it will be probably the largest single transaction he does in his life, lining his pockets, debt free and probably tax free, while he bankrupts the rest of America.

===

Can you link the proofs of your kickbacks claim?

#141 Shawn Allen on 01.04.19 at 1:02 pm

Is Apple invincible?

#95 reynolds531 on 01.03.19 at 11:58 pm responded:
#83 Shawn

Can’t leave iPhone because of messenger? Really?

Didn’t blackberry have one ten years ago everyone was using?

And N1tro at 120 agreed saying:

This was the same zombie mindset with Blackberry users for its email server and blackberry messenger. We know what happened then don’t we?

************************************
Good points. My argument was that Apple customers are a LOT more sticky than RCAs. But yes so were Blackberry’s.

Apple came out with a phone that Blackberry (much) later admitted was a Mac computer in a phone. It was targeted at consumers not corporations from the start. Blackberry was mostly for corporate users in its heyday. Yeah people can leave messenger if a whole new and better product comes along.

I would not bet on it but it is possible.

Remember too, Blackberry denied the problem and publicly said the iphone was not that good.

Anyhow, I refer you again to Rule Number 1.

#142 Howard on 01.04.19 at 1:06 pm

#56 Ronaldo on 01.03.19 at 8:15 pm
#20 SunShowers on 01.03.19 at 6:06 pm

——————————————————————
The GenXer’s were singing the same tune in the early 90s. Stop complaining and go out and make a success of yourself. Start by getting rid of the skate board and consider moving out of your parents basement.

——————————————-

Care to tell us how much a house cost when you started out, Ronaldo? How much was rent? I’ll wait.

It’s amusing how triggered Boomers become when someone points out how ridiculously easy they had it.

#143 Alistair McLaughlin on 01.04.19 at 1:06 pm

@#121 Sunshowers, if your boomer parents did so well, it sounds like you’ll be in line for a massive inheritance some day. Not only that, you won’t ever be saddled with the financial burden of looking after your parents. Unless of course you insist on taxing their estate and their wealth away because you want it now instead of later.

I would remind you though that taxing their wealth away means you don’t get it. It means many others will be helping themselves to what would have been yours. You still want to go that route?

#144 Stan Brooks on 01.04.19 at 1:07 pm

Banks are cutting credit getting ready for the big bang.

Australia is crashing on it’s way to initial 30 % decline and maybe another 40-50 % after that ?

God save Canada, the land of the delusional.

#145 Shawn Allen on 01.04.19 at 1:09 pm

We’ve All Got It Good.

#128 CEW9 on 01.04.19 at 11:27 am
#121 SunShowers on 01.04.19 at 9:54 am
_____________________________________

Yes, the boomer’s rode a wave of expansion after the war. They were lucky. But, so are you.

********************************
CEW1’s points are excellent. Virtually everyone in Canada lives in comfort compared to past generations and has or had a chance to do very well indeed.

#146 IHCTD9 on 01.04.19 at 1:19 pm

Unlike our MPs, American congresspeople are not trained and choreographed seals. Individuals can say what they want (however misguided or extreme) and answer to the voters, not the party leadership. It would be nice to see such a tude in Canada. – Garth
__

I just figured the Dems have already punched themselves in the face enough – and maybe they’d like to stop doing it if they expect to beat out Trump next year.

I guess not.

Maybe they want their own loudmouthed balloon head to run against Trump.

#147 Dissident on 01.04.19 at 1:21 pm

#132 IHCTD9 on 01.04.19 at 12:00 pm
#119 not 1st on 01.04.19 at 9:48 am

“We’re going to go in and impeach the mother*****”

_____

Good Grief, did they really say that?

Don’t the Dems have like a strategist who directs party members as to what should, and should not be said in public?

________

LOLLLLLLLL I could say the exact same thing about Trump and his publicity strategists who oversee what he does and doesn’t say in public…oh wait, he doesn’t have any because he says and twitters whatever the heck pops into his insane little brain!

“Good grief, did Trump really say that?” = the whole span of 2018.

Are you watching the same news as everyone else, or are you just really good at cognitive dissonance?

#148 Godth on 01.04.19 at 1:21 pm

Unlike our MPs, American congresspeople are not trained and choreographed seals. Individuals can say what they want (however misguided or extreme) and answer to the voters, not the party leadership. It would be nice to see such a tude in Canada. – Garth

actually they answer to their donors, which is how the middle finger called trump became potus. decades of corporate tax breaks to off shore manufacturing to be replaced with mcjobs has worn thin and the credit cards are all maxed out. expect more, and worse, maybe even competent fascists. #winning in the gilded age.
Veteran NBC/MSNBC Journalist Blasts the Network for Being Captive to the National Security State and Reflexively Pro-War to Stop Trump
https://theintercept.com/2019/01/03/veteran-nbcmsnbc-journalist-blasts-the-network-for-being-captive-to-the-national-security-state-and-reflexively-pro-war-to-stop-trump/

#149 PastThePeak on 01.04.19 at 1:28 pm

#131 IHCTD9 on 01.04.19 at 11:42 am
#121 SunShowers on 01.04.19 at 9:54 am
____

Uhh, no wealth taxes, estate taxes, or transfer taxes will be levied against boomers by millennials, unless the Mils have decided incinerating their own inheritances is a good thing.

If you are a millennial and are having trouble getting by – it’s because you are living in a big city with high costs and stupid RE prices. That’s your fault, not the Boomers.

I know plenty of Mils out here that are doing great. Better than their boomer parents, that is for damn sure.
++++++++++++++++++++++++++++++++++++

Yeah, not sure if the ranting mills on here are aware that, for the vast majority (at least if over 25), their parents are the evil boomers that they despise so much.

Either they truly hate their boomer parents, or like true socialists, think it is the “other boomers” (not *my* parents) that are the root of all evil & need to be taxed to infinity and beyond…

That being said, perhaps they spend so much time ranting that they are not making the connection to the inheritance of homes from their boomer parents with the impact of all of these great new taxes they so dearly want.

#150 Shawn Allen on 01.04.19 at 1:34 pm

Wealth Tax?

121 Sunshowers said:

There will be a wealth tax.
There will be an estate tax.
There will be a financial transaction tax.

*****************************
I don’t see anything fundamentally wrong with those taxes at some percentage. Especially inheritance tax which we already do somewhat through capital gains taxes upon death.

Right now the tax system hugely favors income from wealth as opposed to income from labour. There is room to tax dividends and capital gains at least somewhat closer to how labour income is taxed. So don’t need to tax wealth as such but can tax its income a bit more.

Says Mr. RRSP tax shelter (skewed to serve the wealthy). – Garth

#151 Lee on 01.04.19 at 1:41 pm

Ms. Ocasio-Cortez wants to tax the rich at 70% of their income. People like Garth better watch it.

Of course she’s a widget. The point is that American politicians are far more free agents than Canadian counterparts. – Garth

#152 IHCTD9 on 01.04.19 at 1:42 pm

#139 Dissident on 01.04.19 at 12:54 pm

…Maybe try to be less hypocritical in your vilification of enthusiastic Dems, especially when they are *gasp* kickass women. Shoutout to Nancy Pelosi. #rockdahouse

P.S. I’d love to hear your take on Alexandra Ocasio-Cortez’s *gasp* shocking video of dancing and being adorable in college.
______

I might make 1-2 comments per year directed at the dems. You have much MUCH bigger targets to worry about.

I generally do not view Women as kickers of ass.

I have no idea who Alexandra Ocasio-Cortez is, nor do I care to know. I don’t think I could summon the interest to view her shocking video of dancing.

#153 IHCTD9 on 01.04.19 at 1:47 pm

#147 Dissident on 01.04.19 at 1:21 pm

LOLLLLLLLL…

…Are you watching the same news as everyone else, or are you just really good at cognitive dissonance?
___

Heh, did I strike a nerve?

I’m just a guy who was expecting the dems to be interested in getting Trump voted out, and was a little surprised to see them now acting – just like Trump.

I’m not sure what to make of it, but hell, I’m not a politician; so what do I know.

#154 not 1st on 01.04.19 at 1:48 pm

But apparently doing the same and calling out Trudeau in a French language parody is racist.

https://www.youtube.com/watch?v=dccASx4BAII

Same group has roasted trump but that was ok.

#155 PastThePeak on 01.04.19 at 1:49 pm

#121 SunShowers on 01.04.19 at 9:54 am
#56 Ronaldo on 01.03.19 at 8:15 pm

It’s also rich hearing people telling me to “go out and make a success of myself.” My wife and I work 2 jobs each, putting in 60-70 hours a week and we’re just getting by, despite my STEM degrees and her trade ticket. If our boomer parents were putting in those hours, their household income would be pushing 6 figures EASILY (before even adjusting for inflation). Not so for us.
++++++++++++++++++++++++++++++++

When you say prairies, I guess that is not AB. Min wage in Sask and Man is an average of ~ $11.20/hour. At 70 hours per week, and assuming working 50 weeks of the year (2 weeks vacation), a person on min wage makes $39,200. x2 = $78,400.

If you are not “pushing” 6 figures as a couple, then I would guess you are making close to minimum wage. For someone with multiple STEM degrees and a wife with certified trades, that seems difficult to believe.

#156 SunShowers on 01.04.19 at 1:51 pm

Inheritance? Not likely. See #136.

And all these people saying “Well, count your blessings! At least you have it better than a serf in 14th century France!” as they sit in nice houses with nice cars and eating delivered food in front of their big TVs and go on family vacations are some of the most out of touch, disgusting, insensitive hypocrites who I’ve ever had the misfortune of interacting with.

#157 Blacksheep on 01.04.19 at 1:54 pm

Crazy f # 100,

“But interfering with U.S. elections with a puppet like Trump just because you can, just because you have the opportunity? I think its the dumbest thing Putin has ever done, the kind of move that starts world wars.”
—————————-
Do you have any Idea how much the US o A, has meddled in other sovereigns affairs?

https://en.wikipedia.org/wiki/Foreign_interventions_by_the_United_States

https://en.wikipedia.org/wiki/United_States_involvement_in_regime_change

You sound ridiculous…

#158 Pay Attention on 01.04.19 at 1:56 pm

Political parties no longer exist, because the new normal is now, the Nationalists against the Globalists. The means to an end matters not anymore, and the gloves are off. An illusion is being created for the citizens, and its all a trap to make you think into a different direction, or one against the other. The end goal is obtaining power and winning. Trump becomes a good example, because its the win that fuels his utter madness. Trump didn’t give a damn about our farm management program, but he used it as a scare tactic, and our side fell for the bait and caved.

#159 n1tro on 01.04.19 at 2:01 pm

DELETED

#160 Stan Brooks on 01.04.19 at 2:03 pm

Of course she’s a widget. The point is that American politicians are far more free agents than Canadian counterparts. – Garth

The so called ‘Canadian politicians’ are paid low life incompetents whose only role is to serve their rich masters while ensuring the obedience of the sheeple.

You just proved your irrelevance. Go away. – Garth

#161 IHCTD9 on 01.04.19 at 2:05 pm

#136 SunShowers on 01.04.19 at 12:38 pm

My wife and I also live in a tiny house on the freezing prairie, both our cars are used with well over 100k on the odometer (mine’s already paid off, that’s how long I’ve had it), we don’t go away for vacations, we don’t drink, do drugs, gamble, smoke, or have any other expensive habits, and we don’t eat avocado god-dang toast…

…There are millions of millennials like us, you’re all just too insulated to notice.
_____

I hate to break it to you, but you’re not so hard done by.

Our last two family cars went 300,000 before we unloaded them – one we drove into the ground and went straight to the scrap pile (365,000 km). Our house turns 149 years old this year. We also don’t do all those same things you don’t do.

…and we think we’re doing great!

FWIW, it seems to me based on what you have written, you must be keeping your costs low and have at least a decent family income with all those hours. This then becomes good financial decision making. Keep doing it, and you will win big (with time).

#162 WUL on 01.04.19 at 2:06 pm

#128 CEW9 on 01.04.19 at 11:27 am
******

Good comment. I find myself being thankful for hot running water in the morning a couple of times per week. Gratitude for simple things brings peace of mind.

WUL

#163 Stan Brooks on 01.04.19 at 2:11 pm

You just proved your irrelevance. Go away. – Garth

———————–

Of course there are the occasional idealists who don’t count as they are booted our sooner or later. :)

My statement still stands. An anonymous internet vote will prove me correct.

#164 IHCTD9 on 01.04.19 at 2:14 pm

#156 SunShowers on 01.04.19 at 1:51 pm
Inheritance? Not likely. See #136.

And all these people saying “Well, count your blessings! At least you have it better than a serf in 14th century France!” as they sit in nice houses with nice cars and eating delivered food in front of their big TVs and go on family vacations are some of the most out of touch, disgusting, insensitive hypocrites who I’ve ever had the misfortune of interacting with.
_____

Stop bellyaching and get on with it. You need to improve your attitude, stop comparing yourself to folks who have been working 2-3 decades longer than you, and understand that half the “rich” folks you see probably have several times the debt that you do.

Worry about your own house, to hell with what everyone else (appears) to have going for them. Make a plan, stick to it for at least 20 years, it’ll be lifestyle long before then – and WIN.

#165 not 1st on 01.04.19 at 2:15 pm

Sunshowers your name could just as well be snowflake.

We would like to help you but the adults in Canada have other priorities like first fixing your Trudeau mistake. Quicker you help us with that, the faster you will get yours. If you keep voting for socialism, the wealth creators and boomers will simply remove their capital from this country one way or another. We can afford accountants, it can be done even if we have to carry gold bars across the border.

So time to get woke.

#166 Dissident on 01.04.19 at 2:22 pm

#152 IHCTD9 on 01.04.19 at 1:42 pm

Thank you for confirming your ignorance on that and many other matters. Carry on.

#167 Blacksheep on 01.04.19 at 2:26 pm

SunShowers,

Working the hours you do, yet not breaking a 100K, means your doing something wrong.

Leave the “frozen” opportunity less “prairie” and find a more lucrative situation. Your jealousy instead of happiness, over your parents successes, says much about your character, or lack of it. Stop wasting your time whining on a blog frequented by those that have paid their dues to get where they are.

You sound like a child having a hissy.

It’s a new year, make a plan and apply it.

#168 kommykim on 01.04.19 at 2:32 pm

RE: #132 IHCTD9 on 01.04.19 at 12:00 pm
Don’t the Dems have like a strategist who directs party members as to what should, and should not be said in public?

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

Funny how right wingers don’t seem to mind Trump spouting off all the time, but get really bent out of shape if anyone else does it.

#169 TRUMP on 01.04.19 at 2:43 pm

STEEL WALL!!!!

#170 Blacksheep on 01.04.19 at 2:46 pm

“Says Mr. RRSP tax shelter (skewed to serve the wealthy). – Garth”

Garth, the whole advisor / Buffett ad nauseam thing, is a front.
——————————
“There will be a wealth tax.
There will be an estate tax.
There will be a financial transaction tax.”
*****************************
“I don’t see anything fundamentally wrong with those taxes at some percentage.”
——————————-
Casually, adding subtle little ditties like this one….are Shawn bot version 2.0, true purpose here.

#171 millmech on 01.04.19 at 3:02 pm

I think SunShowers is SCMs new moniker.
Welcome back!

#172 SunShowers on 01.04.19 at 3:44 pm

#155 PastThePeak:

You see, jobs nowadays in the “gig economy” don’t actually classify you as an employee. You’re an ‘independent contractor,’ which means minimum wage doesn’t apply, nor do overtime laws and many other labor protections. Plus you pay all your expenses out of pocket.

On top of this, I can’t set my own prices or choose my own customers. Doesn’t sound very ‘independent,’ does it? Such is the nature of our second jobs.

#167 Blacksheep

You gonna pay my moving costs? And the increased costs of living to whatever place we move to that is so rife with opportunity?

Our parents didn’t get where they are working 60-70 hours a week. They worked 40 hour jobs with a pension and good wages that had to compete with union wages. Then their generation killed those unions and pensions so they could save even more money, simultaneously guaranteeing that the generations that followed could never reach that level of success even when putting in more work.

#171 millmech

I think I may have started posting before SCM, just not nearly as often as him (these past 2 days have been an odd anomaly for me). While I agreed with most of what he said, I can assure you we are different people.

DNA, please. – Garth

#173 PastThePeak on 01.04.19 at 4:06 pm

#171 millmech on 01.04.19 at 3:02 pm
I think SunShowers is SCMs new moniker.
Welcome back!
+++++++++++++++++++++++++++

While there are definitely similarities, SCM became unhinged very quickly. SunShowers snowflake is one angry mill-dude, but not unhinged like SCM was. And someone like SCM cannot contain their “unhinged-ness” very long…(hence a permanent ban…)

#174 Braj on 01.04.19 at 4:27 pm

#54 Long-Time Lurker on 01.03.19 at 8:05 pm
#29 Brad B on 01.03.19 at 6:26 pm
Garth, what is your take on these all-in-one ETFs?

ie. VGRO, VBAL, XGRO, XBAL

cheers!

>I actually remember that question:

#38 Charlie Don’t Surf on 11.21.18 at 6:29 pm
What’s your opinion of self rebalancing low cost index ETFs like VGRO?

Don’t own just one ETF. – Garth

#55 Charlie Don’t Surf on 11.21.18 at 8:33 pm
Thanks for the reply, Garth. Can you just clarify the “Don’t just own one ETF” in the context of VGRO, would it still apply?

Reason I ask is VGRO is actually a collection of seven ETFs ( Vanguard US Total Market ETF, Vanguard FTSE Canada All Cap ETF, Vanguard FTSE Dev AC ex Nrth Amer ETF, Vanguard Canadian Aggregate Bond ETF, Vanguard FTSE Emerging Mkts All Cap ETF, Vanguard Global ex-US Aggt Bd ETF CAD-H, Vanguard US Aggregate Bond ETF CAD-H )

http://portfolios.morningstar.com/fund/holdings?t=VGRO&region=can&culture=en-US

In this case, would you still advise to hold the underlying ETF’s or just trade it for the convenience of holding a single self-rebalancing Index of Indices like VGRO?

The advice stands. – Garth

***

He says don’t own one. But for no specific reason. Likely it is better for people with bigger portfolios to have various ETFs split in different accoutns for tax purposes and lower fees.

For plebians such as you and I, figure out your asset allocation and stick with it. No need to mess around with preferred shares, or playing around with 7 ETFs. That’s what you pay people to do when you have a couple hundred thousand for them to manage (aka Garth).

Until then what is best is whatever you contribute to regularly and what you do not spend time modifying or selling. Just stick with it as long as you are relatively balanced and diversified. These asset allocation ETFs will likely be fine until taxes start mattering (>$100k) in which case you would split your funds out.

#175 LivinLarge on 01.04.19 at 4:42 pm

“I’m just a guy who was expecting the dems to be interested in getting Trump voted out,” so how would you have them do that?

Like her or not, Clinton was easily the most qualified to be president in the race and still she lost the Electoral College vote. Running a conventional Democratic candidate next time is likely to have the same result unless The Don destroys the middle class that he so depended on last time and shutting the gov down for any apprciable time hurts the middle classes and working classes far far more than it does the “rich white dudes” that the Rep have so long depended on as their “base”.

The Don changed the demographic of the Right voters and folks like McConnell won’t mess with that.

#176 The Totally Unbiased, Highly Intelligent, Rational Observer on 01.04.19 at 4:56 pm

“Mr. Market says MAGA is done.”–GT

You need to ignore all that FAKE MARKET NOISE and go to a reputable news source, such as President Trump’s brilliant Twitter tweets.

The market is just a little spooked by the fear that the Democrats will continue to try to destroy America for petty political reasons, and will continue to try to obstruct and frustrate President Donald Trump’s courageous and noble and numerous attempts to Make America Great Again (MAGA).

Do not underestimate The Donald, the worldly wise, and heavenly blessed, called and chosen leader of the great American people. Do not overestimate the power of the forces of darkness that are opposing him.

#177 Vampire studies on 01.04.19 at 5:13 pm

Sunshowers – I’ll tell you about my recent hire. Tech
diploma. 6 mo experience in jr position. Offered him a
step up for $20+ an hour. He works 40-45 hrs a week.
Met his wonderful wife at Xmas party. She works in
pharmacy. they’ll do just fine, probably better than fine.

Its sounds like you do many things right. But you must
also be doing something horribly wrong.

I therefore find it all unbelievable, and invoke the troll clause.

#178 acdel on 01.04.19 at 5:48 pm

#81 Smoking Man
#89 akashic record
#137 JB

Interesting responses although all JB did was criticize with no substance. I would be interested to hear your educated thoughts in the field.

Telsa was a genius during his time and shut down by his competitors. Whether his idea/s would have steered humanity in a different direction is something to ponder.

Another force out there, we will soon find out with today’s technology advances. Perhaps it has already been found but not disclosed as of yet.

I always found on numerous reports on how past cultures where able to move enormous weight, stones, etc using soundwaves most fascinating. There has to be more to this then just so called fiction. Thanks all.

#179 Mike G on 01.05.19 at 1:56 pm

DELETED