Dr. Garth

We have the vaccine! Four consecutive doses of this pathetic blog will cure acid reflux, ennui, cat-fancying, impotence and house-horniness at the same time. No Lysol injections required, unless you’ve bene exposed to Brad Lamb or Don Campbell. So strip off that mask, face shield, Nitrile gloves, codpiece and plastic over-booties. Dr. Garth is here, your public health wonk. It’s all good.

“I enjoy your blog and am happy to learn about finances from someone with experience and knowledge. Certainly not a strength of mine. (I’m not one of the crazies.),” writes Ian.

I owned a little place in downtown Oshawa. A nice “addict-friendly” neighborhood. When housing took off, we sold it for a big profit and rented a lesser home with a lot more property. We invested the profits in bank stocks and watched it grow until “Pandemania.” It will grow again and we are being patient.

I’m sorry to say that I’ve given up on EVER owning a home. I would read your blog and it would accurately foretell all the difficulties the housing market faced. I kept waiting for prices to go down, and they just never did. Not because you were wrong, (heaven forbid) but because the government would step in and do anything to keep the real estate cash cow grazing. I never foresaw interest rates going down to what they are now. Am I wrong? Will the day come where I can buy a house that won’t be a million-dollar anchor holding my family down?

Maybe you have some advice for someone waiting for prices to come back to Earth? It sure would be great reading. Clicking on your blog in the evening is the high point of my day. Thanks for all you do.

Sounds like you cashed out of your druggie-infested hood at about the right time as local values peaked three years ago. Good work. But why stick all the proceeds into individual stocks? This therapeutic blog never suggested that strategy. And banks were whacked by the virus. More whacking could be coming, too. A B&D portfolio made significant gains last year and has been healing nicely after the Covid crushing in March.

Whither GTA real estate prices? Nothing has changed. Mini-fervour now as pent-up demand clashes with re-opening, fueled by 2% mortgages, then a drag later when the deferral cliff hits and CERB peters out. Property taxes are going up. Insurance is rising. Condo fees, too. The virus has upset the financial stability of society in general, and real estate will not be spared. In fact, it’s a target. Landlords in negative cash flow. Rents falling. Airbnb imploding. Credit tightening. Just wait. In the meantime, dial back the testo and dump the stocks.

“Love the blog, and have learned a lot from it. You’re doing us all a real service,” says Tim, in his MSU.

A question for you…. I am trying to make sense of some bafflegab that my Ontario public-sector defined-benefit pension plan is handing us about how they have to cut benefits “to keep the plan sustainable.” (Which should itself be a warning to anyone counting on seemingly secure DB plans instead of taking on the risk of cashing out the commuted value and managing it oneself.)

They’re bragging about the pension fund getting an 11.4% net return in 2019. I’d like to know, what was the return on a balanced 60-40 portfolio a la Dr. Garth? (If it matters, their effective MER is about 0.63% as far as I can tell, which is not as bad as some mutual funds but not, as far as I can tell, exactly great either.) Feel free to use this email as fodder for the blog if you see fit. Again, I really appreciate your efforts to drop the science on us.

It’s always worth remembering, Tim, that pension funds are businesses and throw off a ton of cash flow to the managers, administrators, portfolio dudes and sponsoring body. They want you to buy back time, to be obedient and unquestioning and (especially) never cash out through a commutation. But, of course, the reasons to commute are huge – more personal control, lower potential taxes, family financial security and usually better returns.

So last year a balanced & diversified 60/40 portfolio of the kind prescribed here and extensively canine-tested, delivered 15.22%. The nine-year average is currently 7.24%. We’ll see what 2020 delivers, but it’s looking okay. This portfolio is far less volatile and more predictable than one based on equities and honours the two goals most people have: (a) achieve a reasonable rate of return and (b) preserve capital. If that’s what you want, get vaxxed. Don’t be a cowboy (like Ian).

New here’s Will. Excuse him. He’s in love.

“Thank you for all the years of sharing your knowledge. I met you, shook your hand and got your autograph in your book one sunny day at the Victoria Conference Centre a good many years ago. The woman who attended with me as my wife is no longer my wife. We share a beautiful daughter together though and I cherish the lessons that union taught me.

I know that one piece of financial advise you extoll is to stay married to the same person for life. I wonder what your advise would be for a not so young anymore man that is in love and considering a lifelong commitment including marriage. Aside from the love, companionship and support that a special person can bring into another’s life what are some of the financial reasons I may or may not want to get married again? Am I best to stay “single” and enjoy my life with this amazing woman or am I better to tie the knot as after two years of cohabitation we are in the eyes of the law married anyways but without the potential financial benefits.

I make close to $100,000/year and she makes $50k. We have investments totaling a few hundred thousand and my pension with the Prov of BC. My job is very secure. She of course wants a house/townhouse/condo and I have asked her to wait at least twelve months. I am 49 and she is 46. My daughter is 9 and her two kids are 15 and 18. Their Dad is a professor at UVIC and is not a deadbeat Dad and everyone gets along well.  Any wisdom you can share would be greatly appreciated!

Okay, Will, we get it. She’s da one. You’re smitten. What now?

Since 2013 couples in a ‘marriage-like relationship’ in BC are actually considered hitched. Same as married. Chain. Ball. The works. That means if you break up there must be a 50/50 split of all shared assets and debts, including that house she wants. This also extends to your pension, as well as your registered retirement assets and other accounts.

You (and she) can protect yourself somewhat if married with a pre-nup agreement that clearly states what things you have individually brought into the relationship and should be excluded if it fails. But if you buy a home, both go on title and arrange financing as co-signatories, that’s a joint holding. If you split, one partner will likely have to buy out the other, or the place is sold and the proceeds split. Simple: under family law couples share whatever they acquire while together.

As for tax planning, common-law or single matters not. Income can be split with a spousal RRSP (to which you can contribute, claiming the deduction, and she gets to withdraw at a reduced tax rate after three years), through the means of a spousal loan (at the proscribed 2% rate, which drops next week, tax-deductible, no attribution) or by sharing pension benefits. You can, and should, have a joint non-registered investment account as well as a joint bank chequing account. Failure to merge finances is a big mistake lots of second-marriage folks make, thinking they’re retaining independence and flexibility.

Nope. Ignore what all those female advisors tell you. No secret bank accounts allowed. No mad money. For relationships to work, you need transparency, honesty, cooperation and, above all, trust. If you make it through this life with one good friend, you’ve won. That comes only through the surrender of self.

We’re done. Congratulations, you’re immune.

109 comments ↓

#1 bob on 06.26.20 at 2:14 pm

I was about to say this was an early post for you, but I also forgot that you’re out in Nova Scotia instead of Toronto. Smart man.

And here’s echoing other readers – love reading your blog and thank you!

#2 Tbone on 06.26.20 at 2:18 pm

My individual bank stocks took a beating but they still produce the dividends same as before .
And that’s why I bought them , I consider it like my own self administered pension and I own the principal .

Not such a great plan when capital value is lost. Canadian banks are stable behemoths, but sensitive to the economic situation. Diversity for less volatility, and still collect dividends. – Garth

#3 Tbone on 06.26.20 at 2:37 pm

Garth ,
I failed to mention that I have other investments that balance me out .
I don’t care for etfs so much as they aren’t actively managed , so I have mutual funds also that perform quite nicely . I know the Mers are much higher but I am ok with that .
I actually don’t even need them as the dividends are sufficient cash flow from my stock portfolio .
My problem is unloading my rrsp

#4 crowdedelevatorfartz on 06.26.20 at 2:39 pm

@ Floppie

I got your pun and decided to go “All in!” with the CERB cash.

#5 TurnerNation on 06.26.20 at 2:41 pm

Bikes balanced on Babes’ portfolios?
Or – Balanced babes on: bikes, portfolios?
Or stick to the classic: Bikes, Babes and Balanced Portfolios.

#6 crowdedelevatorfartz on 06.26.20 at 2:42 pm

@#140 Stone
“Alberta: The crybaby of Canada”
++++

Sorry.
That distinction goes to Quebec and when one realizes the billions in “Equalization” Payments, lucrative govt contracts, endless Prime Ministers pandering to them…….
The squeaky wheel gets the grease.

#7 Ace Goodheart on 06.26.20 at 2:43 pm

No posts from the cottage stay away person?

I guess he/she went to the cottage for the long weekend.

Was trying to get my mind around how cottagers were being blamed for what happened at Sauble beach.

That beach is 3.5 hrs drive from Toronto and longer than that from Muskoka.

Cottagers don’t go to public beaches in any event.

Cause cottages are like, on lakes and rivers.

So we have our own private beaches. And private docks. And 100k Mastercraft wake boats to pull our aspiring wake board free style champions behind us with.

Do you know what a “tantrum” is?

It’s not what Donald Trump throws every ten minutes.

It’s a difficult wake boarding move.

The things you learn dragging wake board kids around the lake all day……

#8 I’ve put on weight on 06.26.20 at 3:04 pm

Got to drop these extra 17 pounds! Man that sounds like a lot. Being off of work, collecting CERB and obviously stuffing my face has really added up to a chubby, unemployed person staring back at me in the mirror.

Ok, so new plan – keep collecting the CERB but stop eating so much bread and treats. Phew, glad I got that off my chest.

#9 Flop... on 06.26.20 at 3:06 pm

Crowdie, I noticed you didn’t take me up on my offer of a nightly podcast about the comments section.

The Flop and Fartz Show.

We could do an hour show at 8pm Pacific, when Garth shuts it down for the night.

An after-show of sorts.

We spend 2 minutes talking about what Garth’s post contained, and then spend the next 58 minutes waffling about the comments section contributions.

We could have special guests.

‘ Hello, we have a caller from Toronto’

As soon as we hear the words ‘ shadowy elites’ , we go to our first advertising break.

‘ This message was brought to you by Alcan Aluminium Foil.’

We could have Nonplused on.

Maybe they can talk with more brevity than they can type?

I would give them free-range up until they use the word ‘Folks’, and then pull the cord.

‘The Flop and Fartz Show, it will give you nausea, heartburn, indigestion, upset stomach, diarrhea.’

Overall show Sponsored by Pepto Bismol…

M46BC

#10 the Jaguar on 06.26.20 at 3:11 pm

If both of them, ( Will and his squeeze) are on the down slope of their fourties, not starting a family and things are basically copacetic, why mess up a good thing? Getting married for ‘tax advantages’ is anything but romantic and my spider sense tells me it’s about something else.
It’s not always true of every relationship, but generally speaking in most one person has the power. That’s the one who is less in love. In these cases insecurity is usually hiding somewhere in tall, valentine-like grass. I’m going to speculate that for some reason Will wants to be married to stake the proverbial ‘claim’ on his sweetie just in case there might be a ‘claim jumper’ in close proximity, present or future tense as it may apply. This is generally a male trait. These theories are acknowledged to be unpopular, but microscopic examination usually shows a measure of truth. For sure one wants it (marriage) more than the other, or one thinks it provides a better measure of security for any real estate purchase.
Call me jaded instead of Jag, but with a government pension, higher income, and dog knows who owns what investment assets I would recommend a pre-nup. Plan for positive outcomes but always have an exit strategy. Not very romantic, but wily coyotes tend to think this way.

#11 YouKnowWho on 06.26.20 at 3:17 pm

Garth,

Interesting you have a beach photo today. At Wasaga right now.

The entire Wasaga beach is completely gone with dark sludge and mud up to the boardwalk beach 2 onwards for the 3 feet of beach left.

All that’s left for people to sit on is sand on the main road of beach 1. The business are brutalized. Everything is empty. 1/2 or more of the place is for lease, sale, or who-knows-what-empty. Small business here are completely KOed. Harsh. And it’s only June.

#12 crowdedelevatorfartz on 06.26.20 at 3:18 pm

@#9 Floppie

Flop and Fartz show.

++++
It does sort of flow….. but I get second billing?

It would have to be on at 6pm, I’m usually brushing my tooth by 8pm. Dentist’s orders.

#13 Cliff Dunlop on 06.26.20 at 3:24 pm

Last paragraph. Absolutely completely true. About to have 53rd wedding anniversary with the love of my life. Our marriage finances have been totally open and totally shared always even though both worked and earned independently. She’s not the least bit self serving either. Asked her what she wants for anniversary and it was “chicken fingers and fries at Earl’s”. Gotta love her.

#14 Cottagers STAY THE HELL AWAY! on 06.26.20 at 3:25 pm

Don’t even think of coming up north tonight.

Everywhere beaches are being taped off. Locals are taking measures like never before. You will be questioned at the check-out counter and gas bar.

We just don’t need southern hillbillies compromising our health care system here. Stay home in Oakville.

Please don’t be so selfish. This will pass. 2021 will be a much better year, bet on it.

#15 jess on 06.26.20 at 3:25 pm

poisoning sales

States and counties suing the giant retailer over its drug sales accused it in court of failing to hand over huge quantities of documents — including about the criminal case — whose existence was revealed in a recent ProPublica investigation.

by Jesse Eisinger April 13, 4:21 p.m. EDT

Joe Brown, the U.S. attorney for the Eastern District of Texas, led the group, which included Heather Rattan, an over-20-year veteran of the office who had spent much of her career prosecuting members of drug cartels.

…”Opioids dispensed by Walmart pharmacies in Texas had killed customers who had overdosed. The pharmacists who dispensed those opioids had told the company they didn’t want to fill the prescriptions because they were coming from doctors who were running pill mills.

Walmart Was Almost Charged Criminally Over Opioids. Trump …
http://www.propublica.org › article › walmart-was-almost-cha…
Mar 25, 2020 – Opioids dispensed by Walmart pharmacies in Texas had killed customers … by ProPublica, that Walmart’s focus should be on “driving sales.”.

Walmart Hid That It Was Under Criminal Investigation for Its …
http://www.propublica.org › article › walmart-hid-that-it-was-…
Apr 13, 2020 – Walmart Hid That It Was Under Criminal Investigation for Its Opioid Sales, Lawyers Say. States and counties suing the giant retailer over its ..

Brown’s resignation comes two months after ProPublica reported that his office spent years pursuing a criminal case against Walmart for its opioid prescription practices, only to have it stymied after the retail giant’s lawyers appealed to senior officials in the Department of Justice. The report describes an internal struggle over the potential prosecution that ended with high-ranking department officials ordering Brown to stand down.

==================
social distancing $$$
Unilever said it would pull its advertising from the social media companies
“Given our Responsibility Framework and the polarized atmosphere in the U.S., we have decided that starting now through at least the end of the year, we will not run brand advertising in social media newsfeed platforms Facebook, Instagram and Twitter in the U.S.,” the company said in a statement. “Continuing to advertise on these platforms at this time would not add value to people and society. We will be monitoring ongoing and will revisit our current position if necessary.”

Unilever’s announcement, Procter & Gamble — another of the world’s biggest advertisers — reportedly said it would pull advertising from platforms that hosted “hateful” or “discriminatory” content.

#16 Flop... on 06.26.20 at 3:39 pm

Where am I on the socio-economic ladder?

Maybe rung number 2 on a bad day, rung number 3 on a good day, if I was to hazard a guess.

I’ve been fortunate not to have been punished for marrying someone I had known for less than six months.

It will be 18 years of non-strangulation if I live until December this year.

My estranged brother in Australia, no clue what he’s up to.

Before the wheels fell off the family wagon, he had been married twice, divorced twice, no kids involved to my knowledge.

Working on wife number 3?

Already married?

I don’t know, but he probably would have reached out for help if he didn’t have a government job.

My family didn’t want me to get married, nor live in Canada.

I made my choice, they didn’t respect it.

That led to another difficult decision.

Life can be full of them, when you want to be your own person…

M45BC

#17 Fritzi on 06.26.20 at 3:48 pm

Very cute pix of the baby and St Bernard.

#18 Howard on 06.26.20 at 3:48 pm

Trump is now doubling down on his attempts to repeal Obamacare. In the middle of a pandemic. Almost seems like he wants to lose and wants to take down the Republican Party with him.

Biden meanwhile seems to have found his footing, his recent appearances nowhere near as wobbly as during the primaries. He is now way ahead in all the swing states and in a dead heat in Texas and Georgia.

#19 the jaguar on 06.26.20 at 3:50 pm

Check out those lower barred windows below the Canadian flag at Garth’s office. Must have been where BeeMo locked up the bad customers who didn’t make their mortgage payments……

#20 TurnerNation on 06.26.20 at 3:53 pm

JB your article about the Verve condo yesterday.
Of the tens if not hundreds of thousands of packed condos and apartment buildings in this country that one would be an extreme outlier, if the story is as presented.
Do I live my life by statistics?
Sure. I drive and fly a passenger because my chances of crashing/dying are low enough.
Would I skydive? No. And my life insurance company agrees. No coverage for that activity.

Your fellow city man had another comment the other day, again in contrast:

“#110 Brett in Calgary on 06.23.20 at 6:37 pm
Time to get on with life, and if there is a second wave then so be it … we will deal with it then. I play bball with a collection of docs in Calgary (we’ve been shutdown since March and just started up again). One is an ICU doc, in other words, he sees everyone at their sickest. No doubt personality, age and experience play a role in one’s interpretation of COVID’s severity, but the ICU doc saw 3 patients with the disease since March. He’s ready to move on.”

#21 Justin S on 06.26.20 at 4:16 pm

Picked up TD, CIBC and ENB, all yielding 6-7% about 2 months ago. ENB still on sale with almost an 8% yield currently! Buy buy buy

The stock is trading 31% below its February value. – Garth

#22 Andrewski on 06.26.20 at 4:21 pm

Here’s “Dr” Lamb’s blog posting from May 29th:

https://www.bradjlamb.com/blog/2020/05/covid-19-the-way-forward-part-2/

#23 FreeBird on 06.26.20 at 4:23 pm

Good dogs can make good babysitters. They can also be bone of contention (pun intended) with divorces/break ups. Will and new beau could face harder challenge with virus infecting marriages/live in relationships and brews higher divorce rates in US (and other countries). In our house we’ve had practice living and partnering in business for ~25 yrs. Not near as long as Garth and Dorothy or others but long enough to feel fairly immune to this quarantine breaking us. I do feel for couples and families in small spaces. Bathrooms make good escapes for sanity breaks. Use a lock if kids or really smart dogs/cats around ; )

https://www.bizjournals.com/sanjose/news/2020/05/07/divorce-rush-looms-as-covid-19-strains-marriages.html

https://www.bloomberg.com/news/articles/2020-03-31/divorces-spike-in-china-after-coronavirus-quarantines

#24 theoryAndPractice on 06.26.20 at 4:23 pm

If you make it through this life with one good friend, you’ve won. That comes only through the surrender of self. – GT

So true. I have done that, but unfortunately Dog rushed pretty much about half way and took it away from me :(.

#25 Ponzius Pilatus on 06.26.20 at 4:26 pm

Garth the other day mentioned something about a musician named Lucinda Williams.
Never heard of her. But it peaked my interest.
So off to You Tube I went.
Glad I did. Did some sampling:

Are you Alright?
Unsuffer me.
West Memphis.
Full Performane  (Live on KEXP)

Awesome voice and lyrics. Great band.
Shes’s got 14 Albums out.
Gonna keep me busy for a while.
Garth not only gives good tips on finance.
Thanks

#26 Yukon Elvis on 06.26.20 at 4:37 pm

#21 Justin S on 06.26.20 at 4:16 pm
Picked up TD, CIBC and ENB, all yielding 6-7% about 2 months ago. ENB still on sale with almost an 8% yield currently! Buy buy buy

The stock is trading 31% below its February value. – Garth
……………………………………………

He says he bought it two months ago in April. Not February. The price is flat, will probably go up significantly, and yield is very good. I bought ENB and CIBC at roughly the same time. Just sit and wait and collect the nice divvy Justin.

The point is simple: there are ways to collect dividend income with far less volatility. That suits most investors much better. – Garth

#27 Rainman on 06.26.20 at 4:38 pm

The Saint, the best dog on the planet. :) Thanks for the great reading you give us every day!

#28 Todd on 06.26.20 at 4:54 pm

Garth are you referring to dividend ETFs such as XDV as opposed to dividend stocks when talking about less volatile ways to obtain dividends?

Many ETFs pay dividends and distributions. – Garth

#29 Red_falcon on 06.26.20 at 5:12 pm

Garth is correct, as usual, when it comes to commuting your company pension when you leave the company. The freedom u get when you are mobile is unimaginable as is the amount of net worth when you keep your sizeable nest egg in your own bank accounts. You can even use this as leverage against the big banks!! You have so much they have to give you better customer service or you leave!!!

As to what to store in your commuted pension… dividend growth stocks is best for that long term view. ETFs… mutual funds (nothing mutual about it!!). Are not known for providing income! As they say, the only person who’s responsible for your own money… is yourself!!!

#30 Ramshackle on 06.26.20 at 5:14 pm

Let the party begin! My Birthday tomorrow is going to be a great time.

EVERYBODY is coming up to the cottage, even friends I haven’t seen in a year or more!

I’m hitting the big ~something~ 0h.

Looks like the cottage will be packed! Good food, good friends, beer, wine, music, a bonfire.

Happy birthday to me.

Last chance…who wants to party at the family cottage up north?

Woo hoo!

#31 IHCTD9 on 06.26.20 at 5:15 pm

Will just needs to know his new squeezs’ history. So, take the ex out for coffee, maybe he won’t mind being dreadfully honest regarding his ex. Sometimes there are secrets, maybe he thinks you’re a great guy and wants you to know them. Infidelity recently took the number 1 spot from money problems as largest cause for divorce.

If he is still paying Alimony and child support, disregard the above advice.

#32 ikr on 06.26.20 at 5:28 pm

what do you mean by “surrender of self” ?

#33 cuke and tomato pickere on 06.26.20 at 5:31 pm

We love the picture of the baby sleeping on the dog.

#34 cramar on 06.26.20 at 5:33 pm

Ah, I get the picture. FL beach. If you don’t want to social distance, then pee on you!

With astronomical cases in FL today, it takes a dog to enforce common sense.

#35 IHCTD9 on 06.26.20 at 5:33 pm

Ian, do you and your wife each make 100k+ per year?

If not, just start making plans to move to a smaller area.

I don’t have a fancy degree, wife has two. Household income is a measly 120-140k. New house here is 500k, lots to be had between 300-500k as well. A million still buys a mansion.

What’s your rent cost? 2600.00/mo. puts you in a very nice, very new house on an acre out here, and one day you’ll own it. In the meantime you can do anything you want there.

It’s simple math really. Where you live now, you will rent till dead. You either need to vastly improve your income, or move to where your income is enough to live a normal Western lifestyle.

#36 Faron on 06.26.20 at 5:37 pm

#143 JonBoy on 06.26.20 at 2:13 pm

Reasonable, intelligent, logical discourse is essentially forbidden right now.

No. The problem is your “discourse” lacks at least two of the three elements you are implying it would have should you express and aim to debate any of the opinions from your post. Using reason or logic would be too tedious for you even though it could be shown that your points are almost entirely based on a historical framework that does not apply any longer. Nor should it.

And take down your confederate flag.

#37 IHCTD9 on 06.26.20 at 5:55 pm

#36 Faron on 06.26.20 at 5:37 pm
#143 JonBoy on 06.26.20 at 2:13 pm

Reasonable, intelligent, logical discourse is essentially forbidden right now.

No. The problem is your “discourse” lacks at least two of the three elements you are implying it would have should you express and aim to debate any of the opinions from your post. Using reason or logic would be too tedious for you even though it could be shown that your points are almost entirely based on a historical framework that does not apply any longer. Nor should it.

And take down your confederate flag.
——-

You should put your assertion to the test.

Hop on Twitter and state the following logic and facts:

“Floyd’s death might have been an accident.“

“The officers involved have not yet been judged by a jury of their peers.”

“We do not yet have all the facts.”

Your lesson will be forthcoming.

#38 JP on 06.26.20 at 5:57 pm

Will.Is.Toast.

50% of first marriages fail, close to 70% of second marriages (US stats). If there is a large differential in income/net worth and one lives in a community that recognizes common law marriage – ask what is the net benefit of cohabitation, including the downside financial risk in the event of failure (50%+ chance).

Hopefully fate smiles on Will.

#39 VicPaul on 06.26.20 at 5:58 pm

#13 Cliff Dunlop on 06.26.20 at 3:24 pm
Last paragraph. Absolutely completely true. About to have 53rd wedding anniversary with the love of my life. Our marriage finances have been totally open and totally shared always even though both worked and earned independently. She’s not the least bit self serving either. Asked her what she wants for anniversary and it was “chicken fingers and fries at Earl’s”. Gotta love her.

*********
Congratulations Cliff, you won ). I suspect over the course of 53 years, there were many negotiations – if you have someone with whom you can speak lucidly and honestly, you can get through anything.
The world needs more men (and Dads) like you.
Nice work!

M56BC

#40 TurnerNation on 06.26.20 at 5:58 pm

To all the fearful CVers….#stayhome!
The normals will handle life.
Having fun as the Great Reset is taking place, by our global elites. Why not.

https://torontolife.com/food/we-got-4100-reservation-requests-in-less-than-five-hours-torontos-nightclub-king-charles-khabouth-on-re-opening-the-citys-biggest-patio/

#41 FreeBird on 06.26.20 at 6:05 pm

25 Ponzius Pilatus on 06.26.20 at 4:26 pm
Garth the other day mentioned something about a musician named Lucinda Williams.
Never heard of her. But it peaked my interest.
So off to You Tube I went.
Glad I did. Did some sampling:

Are you Alright?
Unsuffer me.
West Memphis.
Full Performane (Live on KEXP)

Awesome voice and lyrics. Great band.
Shes’s got 14 Albums out.
Gonna keep me busy for a while.
Garth not only gives good tips on finance.
Thanks
————————
I did same and saved some to my YT music file. You may have seen it but if not I posted this one here of just her playing guitar and singing (one my favourite music styles).

https://youtu.be/Ss2GVWKZjaI

You might also like Beth Hart and Joe Bonamassa. Bit more bluesy.

https://youtu.be/UEHwO_UEp7A

https://youtu.be/QnIL8AKWRNQ

#42 Ace Goodheart on 06.26.20 at 6:18 pm

Re: cottage stay away person:

We are at our cottage.

They can tape off any beach they like. Our beach is private. No tape.

Why would you think cottagers would go to public beaches?

Toronto is in stage two. Same as Muskoka.

So we go into town. No one asks questions. Picked up my favorite craft beer in a growler. Put the muskoka chairs out on the dock and watched the sun set.

Pulled the kids around the lake all day on their wake boards.

It is really nice up here.

If you see us, go away. We don’t like you.

#43 Sail away on 06.26.20 at 6:27 pm

#37 IHCTD9 on 06.26.20 at 5:55 pm
#36 Faron on 06.26.20 at 5:37 pm
#143 JonBoy on 06.26.20 at 2:13 pm

Reasonable, intelligent, logical discourse is essentially forbidden right now.

————

No. The problem is your “discourse” lacks at least two of the three elements you are implying it would have should you express and aim to debate any of the opinions from your post. Using reason or logic would be too tedious for you even though it could be shown that your points are almost entirely based on a historical framework that does not apply any longer. Nor should it.

And take down your confederate flag.

————

You should put your assertion to the test.
Hop on Twitter and state the following logic and facts:

“Floyd’s death might have been an accident.“
“The officers involved have not yet been judged by a jury of their peers.”
“We do not yet have all the facts.”

Your lesson will be forthcoming.

————

Oh, that’s good. Bravo. Two thumbs up.

#44 salty dawg on 06.26.20 at 6:33 pm

Garth, thanks for such a great blog! A friend put me on to your blog and I’ve learned a lot from reading it over the last couple of months.

A question for the relatively frequent traders here: how do you keep track of your trades?

At the moment, I’m making 3-15 trades per week, and keeping track of them in a simple spreadsheet (containing Symbol, Buy Date, Buy Price, Buy Commission, Quantity, Notes, Sell Date, Sell Price, Sell Commission, Profit). The spreadsheet works ok, but I’m thinking of improvements I could make to it, and before possibly reinventing the wheel, I thought I’d ask if other people have something better to recommend.

Why do you made 15 trades a week? Death wish? – Garth

#45 Marco on 06.26.20 at 6:39 pm

#35 IHCTD9 on 06.26.20 at 5:33 pm
Ian, do you and your wife each make 100k+ per year?

If not, just start making plans to move to a smaller area.

I don’t have a fancy degree
—————————————————————

You don’t have any degree

#46 Nonplused on 06.26.20 at 6:43 pm

#9 Flop… on 06.26.20 at 3:06 pm

“We could have Nonplused on.

Maybe they can talk with more brevity than they can type?

I would give them free-range up until they use the word ‘Folks’, and then pull the cord.”

———————

My prefered pronouns are “he”, “him”, and “Exalted and Wise Master of all things knowable”, not “they”.

I try and be brief but I often don’t have enough time.

Your podcast will air too late for me to appear because 8 pm Pacific is well into happy hour around here. We’d have to pre-record the conversation around 4 pm Pacific if you want it to make any sense at all.

Anyway I prefer written articles to podcasts and videos because I can read a lot faster than I can listen. At least at 4 pm. By 9 pm I mostly watch “fail” videos. I can watch people crash their bikes or belly flop all day. Unlike porn it never gets boring.

#47 Nonplused on 06.26.20 at 6:56 pm

#18 Howard on 06.26.20 at 3:48 pm
Trump is now doubling down on his attempts to repeal Obamacare. In the middle of a pandemic. Almost seems like he wants to lose and wants to take down the Republican Party with him.

Biden meanwhile seems to have found his footing, his recent appearances nowhere near as wobbly as during the primaries. He is now way ahead in all the swing states and in a dead heat in Texas and Georgia.

————————

Seriously? Biden just claimed that 120 million people have died from covid. That was almost as bad as when he claimed 150 million people have died from guns in the US since 2007. He is a gaffe machine. I mean, I think the proper emotion is to feel sorry for him and his family, senility is a serious issue. But there is no way this guy is going to be president, or at least not for long. The important question is who will be nominated vice president.

#48 PetertheSeparatistfromCalgary on 06.26.20 at 6:58 pm

Great picture!

#49 IHCTD9 on 06.26.20 at 6:59 pm

#45 Marco on 06.26.20 at 6:39 pm
#35 IHCTD9 on 06.26.20 at 5:33 pm
Ian, do you and your wife each make 100k+ per year?

If not, just start making plans to move to a smaller area.

I don’t have a fancy degree
—————————————————————

You don’t have any degree

— –

Nope, but all my subordinates at work do heh heh…

#50 TheDood on 06.26.20 at 7:07 pm

#6 crowdedelevatorfartz on 06.26.20 at 2:42 pm
@#140 Stone
“Alberta: The crybaby of Canada”
++++

Sorry.
That distinction goes to Quebec and when one realizes the billions in “Equalization” Payments, lucrative govt contracts, endless Prime Ministers pandering to them…….
The squeaky wheel gets the grease.
___________________________________

Without a doubt! Can you imagine a PM scuttling an entire industry or closing down Bombardier or SNC-Lavalin? The screams coming out of that province would deafen the whole country.

#51 Flop... on 06.26.20 at 7:08 pm

How do you guys quantify a successful marriage?

The amount of kids spawned?

Dunno, seems it can help or hinder, people who are having marriage troubles and then think having a kid will fix the problems have always mystified me.

Money?

That doesn’t seem to make all the difference you think it would.

I have been working on residential real estate for the last 30 years and the people with more money have often appeared to be the least happy, when one spouse try’s to get you to say something so they can use it as leverage over the other person, I look forward to the end of my shift.

Working in people’s personal residence, they tend to let their guard down a little easier.

Later on tonight I could be watching Dateline, and quite often one spouse will kill the other, sometimes after recently drying the ink on a life insurance policy.

Real Estate?

I’ve worked for people that have had multiple dwellings, or massive mansions.

Sometimes the couples live in a different part of the house or in a different abode, simply because they could.

Again, if I had a dollar for every time a guy I had not known long, in their residence, pointed to the basement couch and joked that’s where he’d been sleeping, I could afford to retire.

Different people will have different definitions, but I guess the easiest explaination I can come up with is, if you continue to grow closer by the day, week, month, year and decade, then in my opinion, you have a successful union…

M46BC

#52 Tulips on 06.26.20 at 7:11 pm

“The virus has upset the financial stability of society in general, and real estate will not be spared. In fact, it’s a target. Landlords in negative cash flow. Rents falling. Airbnb imploding. Credit tightening. Just wait.”

Would this be general advice, or would you stick to the “buy if you can afford it” guidance? I was in the “Just wait.” camp for the last decade, thought I could have afforded it with a bit more stomach for risk that would have worked out to my favor had I bought in the YVR suburbs at pretty much any time in the 2010’s. There were plenty of well reasoned arguments as to why housing would eventually come down. But now the rules have changed, and free markets are gone with interest rates and bond yields kept artificially low, perhaps ultimately to hyper inflate our debts away. There are still plenty of reasonable arguments for housing to come down. But I now wonder if you “just wait” too long, will our currency will be worth half of what it currently is, and 2020’s debts look minuscule compared to the debt you’ll have to take on in 2030 to buy a house at 2x today’s prices.

#53 TheDood on 06.26.20 at 7:14 pm

#44 salty dawg on 06.26.20 at 6:33 pm
Garth, thanks for such a great blog! A friend put me on to your blog and I’ve learned a lot from reading it over the last couple of months.

A question for the relatively frequent traders here: how do you keep track of your trades?

At the moment, I’m making 3-15 trades per week, and keeping track of them in a simple spreadsheet (containing Symbol, Buy Date, Buy Price, Buy Commission, Quantity, Notes, Sell Date, Sell Price, Sell Commission, Profit). The spreadsheet works ok, but I’m thinking of improvements I could make to it, and before possibly reinventing the wheel, I thought I’d ask if other people have something better to recommend.

Why do you made 15 trades a week? Death wish? – Garth
______________________________

I would ask the same question as Garth. Why? Are you trying to time the market? Not a good idea.

If trading options (better idea), use a platform like ThinkorSwim. Tracks history and a whole lot more.

#54 Nonplused on 06.26.20 at 7:15 pm

My advice to Will would be “My ex took everything I had. It would have been a bargain at twice the price.” (No, that is not a Nonplused original.)

It is a very bad idea to cohabitate or marry without a prenup later in life. Sure, early on two kids out of high school it doesn’t matter because there are no assets to protect and you build them together. But later on in life? You have to protect that pension. You never really know your spouse until you read their affidavit. Always have a prenup even before living together. If “they” are not a gold-digger, they will sign.

Oh and folks (I did that for Flop), if you think the stats on second marriages are bad, check out the stats on people who live together before getting married. I’m not sure why the stats work they way they do but I suspect it is because religious people tend to be less likely to either cohabitate or divorce. But either way it doesn’t look good if you shacked up before you married.

#55 salty dawg on 06.26.20 at 7:15 pm

> Why do you made 15 trades a week? Death wish? – Garth

Perhaps I’m a great fool? :)
I’ve been doing things like making small trades of, say, buy 1000 shares, and sell them when the price is about a dollar higher. And selling covered calls on stocks I want to keep that aren’t near the ex-dividend date. How many trades a week that comes to varies widely.

#56 Linda on 06.26.20 at 7:19 pm

‘Tim’ – access your DB pension plan information & read carefully. If you don’t understand some clause or another, ask your pension plan representative to explain it to you. Most employers have someone in HR who can do this, but usually it is best to go to the source. Your pension plan information booklet, whether in paper form or online should list who to speak to along with phone/email info.

What you need to know is whether you can commute your pension & what the rules are. Don’t forget to check at least once per year to see whether those rules have changed & for sure pay attention to any pension plan notifications you may receive. Important changes are often announced in those notifications. Hint – if there is a big, razzle-dazzle hootenanny of a press conference about your pension plan going on, pay attention to the quiet announcement that almost always is part of that show. That is the one thing you definitely want to know about & that is how big changes are brought in under the radar.

#57 IHCTD9 on 06.26.20 at 7:22 pm

#38 JP on 06.26.20 at 5:57 pm
Will.Is.Toast.

50% of first marriages fail, close to 70% of second marriages (US stats). If there is a large differential in income/net worth and one lives in a community that recognizes common law marriage – ask what is the net benefit of cohabitation, including the downside financial risk in the event of failure (50%+ chance).

Hopefully fate smiles on Will.
— – –

Will needs to find out the real reason she got divorced. Not the reason everyone was told. How did she do splitting the assets? Is she just on the cusp of timing out of her alimony and child support? Did she work full time when married to her ex? What is her debt/asset accumulation look like? Just how house horny is she?

He makes a good buck and has a pension to boot…

#58 Reximus on 06.26.20 at 7:25 pm

hahaha

“But there is no way this guy is going to be president”…

Biden WILL be president.

If you think verbal ‘gaffes’ are a reason for a candidate to be invalidated and you actually support Trump, you’re not dealing with a full deck

#59 Uncle Charlie on 06.26.20 at 7:26 pm

The link below was sent to me today from a newsletter I subscribe to and read from time to time.
https://www.infectiousdiseaseadvisor.com/home/topics/covid19/ct-value-may-inform-when-patients-with-covid-19-can-be-safely-discharged/

It’s info I had never even heard before. It has to do with COVID testing and something called “cycle threshold”, which is not being mentioned at all by mainstream media in the US, left or right (CNN, MSNBC, Fox).

For what it’s worth, this is some of what he had to say in his update:

“A cycle threshold of 40 means that a person tests positive for COVID-19 if there is a match for one of the genetic sequences associated with SARS-CoV-2 in less than 40 cycles of amplification. After 39 cycles of amplification, there are 550 BILLION copies of the DNA being tested. If the PCR test doesn’t find a match until 39 cycles, it means that the test is only finding trace amounts of one of the genetic sequences associated with SARS-Cov-2 and the person being tested has a 0% chance of getting sick or infecting another person, but based on today’s CDC standards that person will count as a new positive case of COVID-19!

The truth is… it was already proven last month that a patient with a cycle threshold value of 35 or higher has a 0% chance of being contagious. Patients with a cycle threshold value of 33 or 34 also have an extremely low chance of being contagious.

We know somebody who works in one of the largest U.S. diagnostic labs and in recent weeks over 90% of all “positive” PCR tests for COVID-19 have had a cycle threshold value of 33 or higher. The media refuses to report this fact. They refuse to even explain the meaning of a cycle threshold value.

Most foreign countries appear to be using cycle threshold values of between 25 and 35 to determine if a person is positive for COVID-19, which explains why they have lower amounts of COVID-19 cases.”

#60 ImGonnaBeSick on 06.26.20 at 7:33 pm

#36 Faron on 06.26.20 at 5:37 pm
#143 JonBoy on 06.26.20 at 2:13 pm

Reasonable, intelligent, logical discourse is essentially forbidden right now.

No. The problem is your “discourse” lacks at least two of the three elements you are implying it would have should you express and aim to debate any of the opinions from your post. Using reason or logic would be too tedious for you even though it could be shown that your points are almost entirely based on a historical framework that does not apply any longer. Nor should it.

And take down your confederate flag.

—–

Good job proving JonBoy’s point… You literally got offended, called him a caveman living in an historical framework and a deplorable redneck ala the confederate flag comment .. Are you a complete oblivious idiot, or just a partial one? Maybe you better go have that timeout on a bench again…

#61 Daughter of Ponzi on 06.26.20 at 7:36 pm

#42 Ace Goodheart on 06.26.20 at 6:18 pm
Re: cottage stay away person:
————————————————-
You are a creep. Go away!

#62 kingston boy on 06.26.20 at 7:45 pm

@#42 Ace Goodheart on 06.26.20 at 6:18 pm
Re: cottage stay away person:

We are at our cottage.

They can tape off any beach they like. Our beach is private. No tape.

Why would you think cottagers would go to public beaches?

Toronto is in stage two. Same as Muskoka.

So we go into town. No one asks questions. Picked up my favorite craft beer in a growler. Put the muskoka chairs out on the dock and watched the sun set.

Pulled the kids around the lake all day on their wake boards.

It is really nice up here.

If you see us, go away. We don’t like you.
———————————

damn.
all this time I thought the cottage guy might be you under another name.

#63 kingston boy on 06.26.20 at 7:49 pm

@#37 IHCTD9 on 06.26.20 at 5:55 pm
#36 Faron on 06.26.20 at 5:37 pm
#143 JonBoy on 06.26.20 at 2:13 pm

Reasonable, intelligent, logical discourse is essentially forbidden right now.

No. The problem is your “discourse” lacks at least two of the three elements you are implying it would have should you express and aim to debate any of the opinions from your post. Using reason or logic would be too tedious for you even though it could be shown that your points are almost entirely based on a historical framework that does not apply any longer. Nor should it.

And take down your confederate flag.
——-

You should put your assertion to the test.

Hop on Twitter and state the following logic and facts:

“Floyd’s death might have been an accident.“

“The officers involved have not yet been judged by a jury of their peers.”

“We do not yet have all the facts.”

Your lesson will be forthcoming.
——————————–

wouldn’t try testing anything in that sewer.
definitely wouldn’t propose them as logic and facts lol.

#64 Ponzius Pilatus on 06.26.20 at 8:02 pm

#41Freebird

I did same and saved some to my YT music file. You may have seen it but if not I posted this one here of just her playing guitar and singing (one my favourite music styles).

https://youtu.be/Ss2GVWKZjaI

You might also like Beth Hart and Joe Bonamassa. Bit more bluesy.

https://youtu.be/UEHwO_UEp7A

https://youtu.be/QnIL8AKWRNQ
—————–
Thanks for your suggestions.
I like it bluesy.
Great art sometimes comes from great suffering.
Blues, Jazz, Gospel come to mind.

#65 Nonplused on 06.26.20 at 8:22 pm

DELETED

#66 Drill Baby Drill on 06.26.20 at 8:38 pm

Trudeau strikes again. Today being reported in the CBC of all places that Maggie and his wife Sofie ‘s favorite charity has just been given $900MM administration contract (no competitive bid) which doles out up to $5K per student for volunteer work. Where is the opposition???!!!

#67 NoName on 06.26.20 at 8:51 pm

#51 Flop… on 06.26.20 at 7:08 pm
How do you guys quantify a successful marriage?

Thats a simple, smoking hot wife, cooks, cleans and dont complain nearly as she should and could. If she makes more money is added bonus.

If not get her hubby glasses!
https://www.youtube.com/watch?v=3nllrCss2CU

#68 binky barnes on 06.26.20 at 8:54 pm

Just pulled in to cottage. A little later than normal as highway north was packed, and I mean packed! Picked up a couple of hitchhikers on way as well–don’t usually do that but they looked harmless enough. They told us there is some mega-bash this weekend and 1000s are headed up to join in the partying. Sheeesh, I wish I was young again.

#69 Mandy Fitsimmons on 06.26.20 at 9:00 pm

CERB will turn into CRAP, Canadians Resulting After Poverty as a poorer, second or third world country with tyranny and dictatorship under socialism.

Our standard of living will drop big time as it always did under NDP, Liberals left their poverty, high tax, high cost of living, high debt, out of control regulations, nanny state, job killing, socialistic policies. Look at Alberta after NDP, look at Ontario abd BC after the Liberals, look at BC now with the NDP, look at Canada with just 4 years of Trudeau, Morneau Federal Liberals etc. etc.

Good luck you have just destroyed your own country and society for good. You have just been fooled, tricked, snookered, shafted, scammed, conned big time.

#70 Live and Let Dye on 06.26.20 at 9:05 pm

Dear Ian.

If clicking on this blog in the evening is the high point of your day, then you’ve got bigger problems that even I can’t help you with!
That being said, I on the other hand took a different approach than you. I bought a house in Toronto which ended up being a stupendous deal, netting nearly 3 times what we paid for it in a relatively short time. At the same time, we leveraged our house significantly and took advantage of low interest rates to further juice the returns. Money for nothing and Dixie Chick’s for free! We then catapulted both of our defined benefit pensions into a commuted value which I expect will juice our returns by 2-3 times what the pension would have given me (commuted value is more when interest rates go down) … With the benefit of having control over the cash today! Besides, the majority of our investments are NOT in the stock market but in alternative investments that generally pay significantly better than the market has over the past decade. When the pandemonium hit a few months ago, we backed up the truck in mid March and made out like bandits.! It’s not all roses as I have a significant amount of tax to pay every year. But hey.. That’s a third world problem.

So would I buy a single family house in Canada at this time? I wouldn’t touch it with your money! Hope that answers your question.

#71 DON on 06.26.20 at 9:06 pm

#51 Flop… on 06.26.20 at 7:08 pm

“Different people will have different definitions, but I guess the easiest explanation I can come up with is, if you continue to grow closer by the day, week, month, year and decade, then in my opinion, you have a successful union”.

**********

Pretty much sums it up!

Besides, divorce is expensive, time consuming and awkward.

#72 Barb on 06.26.20 at 9:23 pm

Since the blog today is as much about marriages lasting as financial acumen, I’m happy to announce that husband and I will celebrate our 49th anniversary this Fall.

And apart from the snoring, neither would change a thing.
My snoring, apparently.

#73 Ballingsford on 06.26.20 at 9:24 pm

Where’s that crazy Felix cat person? Probably picking up cat poop. She/he should have bought a dog and invested 60/40. Then she could buy good cat food.
Cat poop is disgusting and you can comb your cat as many times as you want and still have fur coming off.
Felix should get a dog.

#74 Dr V on 06.26.20 at 9:45 pm

64 Ponzee

Tami Neilson

https://www.youtube.com/watch?v=b5ZqH-G-kgM

#75 salty dawg on 06.26.20 at 9:46 pm

#53 TheDood on 06.26.20 at 7:14 pm

I would ask the same question as Garth. Why? Are you trying to time the market? Not a good idea.

If trading options (better idea), use a platform like ThinkorSwim. Tracks history and a whole lot more.

I’m trading small up moves in stocks that I don’t mind owning if they go down somewhat, and covered call options. I’m not sure if that’s timing the market or not, hmmm…

Thanks for the suggestion on ThinkorSwim. It does have a lot to offer.

#76 Do we have all the facts on 06.26.20 at 9:52 pm

Interesting that the Provinces of Alberta and Quebec have been labelled as cry babies by several contributors to this blog. I would like to point out that the last time the Canadian economy was on the ropes in 2008/09 the Federal government under Prime Minister Stephen Harper arranged two First Minister Conferences to discuss ways to improve Canada’s future.

Fast forward to 2020 and Prime Minister Justin Trudeau has been acting like Provincial and Territorial governments have only minor roles to play in Canada’s future. The fact that two Provincial governments are demanding a more equitable distribution of total taxation revenues in line with legal jurisdictions set out in the Canadian Constitution is far from unexpected.

The majority of services offered to Canadian citizens are delivered by Provincial or Territorial governments or the Municipal governments they support. The current system
of transfer payments and equalization grants offered by the Government of Canada required a significant overhaul prior to Covid 19. The decision to add $300 billion to the debt of the Government of Canada will have ramifications for all Provincial and Territorial governments and they deserve to be treated with more respect.

If there ever was a time to hold First Ministers Conferences to deal with fiscal relationships and the future of the Canadian economy that time is now.

Hiding in a cottage just won’t do!

#77 Dr V on 06.26.20 at 10:04 pm

Ponzee “Great art sometimes comes from great
suffering.”

And the Beethoven symphonies. This may seem a little
cheesy, but the guy was going deaf. I cant imagine having that genius and only being able to imagine how
it might sound.

#78 crowdedelevatorfartz on 06.26.20 at 10:29 pm

@#76 Just the facts

Well, judging by the amount you have typed(talked?) and you obviously defensive position……I’d say yer from Quebec?
The province that has sucked more money out of the rest of Canada for 40 years?
Something about the amount of seats in parliament and Quebec and/or Ontario’s lock on a majority govt that has something to do with it.
So the Libs or the Cons pander to either provinces base plus add a few other seat dabbled all over Canada to lock in that Majority Gov.
Quebec figured out years ago to play the francophone card and its worked brilliantly.

Lets see how the Liberal bankrupting of Canada and our $0.50 dollar/peso works out……..

#79 ain't life rand on 06.26.20 at 10:47 pm

@#60 ImGonnaBeSick on 06.26.20 at 7:33 pm
#36 Faron on 06.26.20 at 5:37 pm
#143 JonBoy on 06.26.20 at 2:13 pm

Reasonable, intelligent, logical discourse is essentially forbidden right now.

No. The problem is your “discourse” lacks at least two of the three elements you are implying it would have should you express and aim to debate any of the opinions from your post. Using reason or logic would be too tedious for you even though it could be shown that your points are almost entirely based on a historical framework that does not apply any longer. Nor should it.

And take down your confederate flag.

—–

Good job proving JonBoy’s point… You literally got offended, called him a caveman living in an historical framework and a deplorable redneck ala the confederate flag comment .. Are you a complete oblivious idiot, or just a partial one? Maybe you better go have that timeout on a bench again…
———————————

you calling someone else an idiot is incredibly funny

#80 SoggyShorts on 06.26.20 at 11:18 pm

#55 salty dawg on 06.26.20 at 7:15 pm
> Why do you made 15 trades a week? Death wish? – Garth

Perhaps I’m a great fool? :)
I’ve been doing things like making small trades of, say, buy 1000 shares, and sell them when the price is about a dollar higher. And selling covered calls on stocks I want to keep that aren’t near the ex-dividend date. How many trades a week that comes to varies widely.

*******************
What’s your benchmark, and how do you fare against it?
I’m just a passive investor, but judging my basic PF against VGRO (formerly VEQT) feels good as long as I’m close (since mine is more tax-efficient)

#81 belly rubs on 06.26.20 at 11:46 pm

The Wife has all the cash, assets, funds, plans, and spreadsheets in her name. Yes, I have access, but care not. What I have is dirt. If we split, she could live comfortably in hotels (with the cat). I could sleep soundly under the stars (with the dog and the pony). We come from opposite sides of the track and only Cupid knows how it worked, but it does. My advice… practice patience and kindness everyday.

#82 I will not be muzzled like a mad dog... on 06.26.20 at 11:48 pm

Trump’s army……..

https://twitter.com/CBS12/status/1276624213386747904?s=19

#83 I've lost weight on 06.26.20 at 11:52 pm

#8 I’ve put on weight on 06.26.20 at 3:04 pm
Got to drop these extra 17 pounds! Man that sounds like a lot. Being off of work, collecting CERB and obviously stuffing my face has really added up to a chubby, unemployed person staring back at me in the mirror.

Ok, so new plan – keep collecting the CERB but stop eating so much bread and treats. Phew, glad I got that off my chest.

Try eating a ton of low calorie dense foods (almost all fruits and berries) every day. If you feel like junk food, eat orville redenbacher smart pop popcorn since the whole bag has about 200 calories. Lose the pounds knowing the only thing that matters is “calories in < calories out". And move more to increase the right side of that inequality.

#84 yvr_lurker on 06.27.20 at 12:02 am

sorry, in my view this is not good advice. My wife and I have been married 17 years (the second for each of us), and we have don’t share finances in this way. My name is on her accounts, and hers is on mine.. so in this sense it is joint, but this is just in case one of us dies . We share house finances relative in the proportion of our take home salaries after putting together a list of the monthly expenses. For major purchases or trips we do it exactly the same way after talking it through. We haven’t had a fight about money in 17 years.Works perfectly for us. We are both very frugal anyway and can resist temptation to waste it on stuff you don’t need. We both did the complete sharing thing in our first marriages and it was a disaster for both of us, as were married to people with a very different mindset who would spend at will. This arrangement for the past 17 years is what works for us.

#85 JUST LQQKING on 06.27.20 at 12:03 am

#51 Flop… on 06.26.20 at 7:08 pm
How do you guys quantify a successful marriage
—————–
I believe a successful marriage ends in divorce.

#86 The Woosh on 06.27.20 at 12:03 am

The prescribed rate changes from 2% to 1%.

https://www.google.ca/amp/s/business.financialpost.com/personal-finance/taxes/theres-a-great-opportunity-for-income-splitting-coming-up/amp

#87 Tracking your stocks on 06.27.20 at 12:06 am

Garth
Thanks for the post
Interesting comments about dividend stocks.
I agree ETFs have less Volatility, I seen in the last week BNS take away my $800 gain to a loss today. Whereas my ETFs, ZEB and ZWC bought at the same time as BNS are all still showing a Slight gain. And Monday I get a nice dividend!

As for tracking your stocks,
Go to your account settings and click on capital gains YTD it shows all your trades. And you can download it or print it or look at it.
In addition you can look under tax information and print a T5 summary, for last year anyway.
And you can get the same T5 on your CRA account.

Takes allot of nerves to trade 15 trades a week. But I agree with you some days the mind boggles at great companies that move one or two dollars in the same day.
Wish I understood covered calls, would have been nice today!

#88 Bobby Bittman on 06.27.20 at 12:19 am

“If you make it through this life with one good friend, you’ve won. That comes only through the surrender of self.“

So true! Garth you have a balanced and diversified perspective on life. Remaining on the balance beam of life. What a fantastic achievement!

#89 Covid 19 my take on 06.27.20 at 12:30 am

Originally back in March I figured this would mostly be over by June, I also figured the economy would come back late in 2020.
Now I think we will have Covid for the rest of the year and most of 2021 and thankfully in Canada I think we will see declining cases with pockets of outbreaks like in Kingston.

The Americans I am afraid will not fair as well as us.

The economy will take many years to recover.
Travel much longer.

The stock market should trade in a narrow range, the peak was a few weeks ago.
Maybe retest the lows but that will be buying opportunities
Covid forecast
We will not have a vaccine for a few years.
However, I believe we will have some medicine available that will reduce the symptoms from terrible to mild. Already been developed and tested. So it will be like the drug store cold medicine.
I also think we will have a rapid test were you can spit into a container and have the results in minutes.
Already something similar developed in Ottawa but failed in the first months tests

In conclusion all Canadians should be given a rapid test for home use every day and if you catch covid self quarantine for two weeks and if it’s get severe take the medicine so it feel like you have a mild cold.

As for the debt I have no clue how that will end and I am still totally confused how the bank of Canada can make a pencil entry and create money.
Good night have a great weekend

#90 Tim123 on 06.27.20 at 1:27 am

2019 was an excellent year to be in the markets. The US stock markets did excellent with the S&P 500 up 27%. I do not know what the Canadian equity markets did but probably a bit less. The best thing about individual stocks is that you can pick the strong ones and leave the weak ones for others. That does take quite a bit of skill and expertise but it can be done especially if you have access to a lot of research from Wall Streets best. Index investing is ok, but you do get the good with the bad so during coronavirus you have to be more conscious about companies that are weak financially. 2020 is shaping up to be a good year in the US markets for traders who can go long and short in the markets.

#91 Round two on 06.27.20 at 4:12 am

DELETED

#92 TurnerNation on 06.27.20 at 5:15 am

Are we being prepped for a Red colour revolution here in Kanada? Or your run of the mill “Sea I Aye’ destabilization campaign?
Breaking us down area. With regional ‘bubbles’. Did Wexit really go away.

I posted here a few times, get ready for T3.
Our leaders and rulers never seem to speak out against Russia and Cuba. A model to be followed.
Pass the rotgut Comrade.

#93 Howard on 06.27.20 at 6:09 am

#47 Nonplused on 06.26.20 at 6:56 pm

Seriously? Biden just claimed that 120 million people have died from covid. That was almost as bad as when he claimed 150 million people have died from guns in the US since 2007. He is a gaffe machine. I mean, I think the proper emotion is to feel sorry for him and his family, senility is a serious issue. But there is no way this guy is going to be president, or at least not for long. The important question is who will be nominated vice president.

—————————————

No way he’s going to be President?

Canada elected a intellectually flea-weight dilletante who adores the Chinese Communist Party because they liked his hair, and then reelected him despite a disturbing addiction to putting shoe polish on his face.

And you think Biden’s chances are doomed because of a few “senior moments”?

#94 BillyBob on 06.27.20 at 6:12 am

#46 Nonplused on 06.26.20 at 6:43 pm
#9 Flop… on 06.26.20 at 3:06 pm

“We could have Nonplused on.

Maybe they can talk with more brevity than they can type?

I would give them free-range up until they use the word ‘Folks’, and then pull the cord.”

———————

My prefered pronouns are “he”, “him”, and “Exalted and Wise Master of all things knowable”, not “they”.

I try and be brief but I often don’t have enough time.

Your podcast will air too late for me to appear because 8 pm Pacific is well into happy hour around here. We’d have to pre-record the conversation around 4 pm Pacific if you want it to make any sense at all.

Anyway I prefer written articles to podcasts and videos because I can read a lot faster than I can listen. At least at 4 pm. By 9 pm I mostly watch “fail” videos. I can watch people crash their bikes or belly flop all day. Unlike porn it never gets boring.

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

Man, I’m on the same page (get it)? I want to embrace the concept of podcasts and do occasionally listen to them while out walking. But I can read so much faster than people talk, and find writing a far, far better way to organize my thoughts. But I mean real writing, not textspeak emoji 140 character throwaway lines. Which is not to say I don’t love a great comeback – hello elevatorfartz! – but a drive-by word-spray is a waste of my time.

Great wordsmiths are a dying breed. Garth is one. And for that matter even though I know Flop was just kidding around, I hope you won’t shorten or dumb down your postings one bit. Yours are some of the very few “long” ones I take the time to read every time because I know there will be some value therein.

A few on my mental list of “posters of substance I always read and check out their recommendations and links”: the Jaguar, IHCTD9, Flop himself, and more recently Sail Away.

I’m sure there are a few more. Funnily enough the last two on that list and I clashed at one point or another, but over time they’ve actually altered my opinion and I’ve come to respect (most of!) what they say a great deal. That’s the power of words used well.

Not that I believe anyone cares what I think one bit, I just hate it when quality contributors disappear so thought I’d give a few a shout out.

#95 Ramshackle on 06.27.20 at 6:49 am

#68 binky barnes on 06.26.20 at 8:54 pm

Just pulled in to cottage. A little later than normal as highway north was packed, and I mean packed! Picked up a couple of hitchhikers on way as well–don’t usually do that but they looked harmless enough. They told us there is some mega-bash this weekend and 1000s are headed up to join in the partying. Sheeesh, I wish I was young again.
——————
1000s might be a bit of an exaggeration but my Birthday party (see #30) is kinda getting outta hand-in a fun way.

We had a long drive up the 400 too. Totally worth it though.

When we got here we had a party already in progress! Stepped out of the car and somebody shoved a spliff in my face!

What a welcome!

I have no idea how many yahoos and hooligans to expect now! The more the merrier.

Sing it with me…Roooooll another one….Just like the other one…

#96 Do we have all the facts on 06.27.20 at 6:56 am

#78 Crowded

Wrong again! No surprise there.

I live in Ontario, you know the Province that has no chance of generating the taxation revenue required to maintain the quality of life of their citizens.

My point was that Alberta and Quebec are fighting for their citizens by demanding a more equitable share of total taxation revenues. Quebec has a long history of challenging the Government of Canada whenever they attempted to expand their jurisdiction. This is how democracy in a confederacy of ten Provinces and three Territorial governments is supposed to work.

The Province I live in will probably incur a deficit of more than $30 billion in 2020 and total debt of more than $385 billion by March 31, 2021. No other second tier government in the entire world has compiled more debt than the Province of Ontario.

Ontario contains 36% of Canada’s total population and yet our current Prime Minister seems oblivious to their Immediate need for a more equitable share of total taxation revenues.

The Bank of Canada controls monetary policy and can generate money out of thin air. It does not seem unreasonable to me that all Provincial and Territorial governments might request an increase in transfer payments from the Government of Canada to reflect who is actually doing most of the heavy lifting in this Confederation of ours.

A First Ministers Conference is long overdue.

#97 NoName on 06.27.20 at 7:31 am

#83 I’ve lost weight on 06.26.20 at 11:52 pm
#8 I’ve put on weight on 06.26.20 at 3:04 pm
Got to drop these extra 17 pounds! Man that sounds like a lot. Being off of work, collecting CERB and obviously stuffing my face has really added up to a chubby, unemployed person staring back at me in the mirror.

Ok, so new plan – keep collecting the CERB but stop eating so much bread and treats. Phew, glad I got that off my chest.

Try eating a ton of low calorie dense foods (almost all fruits and berries) every day. If you feel like junk food, eat orville redenbacher smart pop popcorn since the whole bag has about 200 calories. Lose the pounds knowing the only thing that matters is “calories in < calories out". And move more to increase the right side of that inequality.

Iam trying to loose weight but I am putting it.

Calories in out is so is not gonna work, unless you eat 20-25% of daily intake, and if you'll try to function and what you supposed to good luck… Maybe some people can I couldn't, having real job sucks…

Since begging of the year I looked every meal and in general eat around 2000 calories every day and didn't lose any weight. According to the machine at doctors office if I just sit and sleap all day long I'll consume 2400 calories, ever day. For my 8 hours shift on very very slow day I'll walk 5k steps and on very bussy max I logged between Garmin and cellphone was 20k wristband and 22 cell phone. My month step counter ranges from 150k to 220k.

Ant all that is just work, when I get home when I fe is always like honey can bring your screwdriver I have this and needs fixing.

Than home circle of calories in and calories out begins, on 2000 calories diet.

If there is anyone who can help me with this and tell me what I am doing wrong I am all ears. I have spread sheets to prove it…

#98 LP on 06.27.20 at 7:45 am

#27 Rainman on 06.26.20 at 4:38 pm
The Saint, the best dog on the planet. :)

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

Way back in 1972, 8 months pregnant, new house, too young and inexperienced to know better, we decided our family wasn’t complete without a dog in it. Thought a Saint Bernard would fit the bill so went to a large kennel just outside Georgetown in Ontario.

The breeder took one look at me and pronounced that a Saint wasn’t for us at all. She asked if we wanted the dog for our future child. Of course we said yes. No way, says she. Just about the time that a kid makes the emotional connection with the family dog – around five or 6 – the dog will die. Saints don’t live very long she said.

So, not wanting to waste a drive to the country, we went on the hunt for cobs of corn. And went home with a Scotch Collie puppy. And that, as the poet said, made all the difference.

#99 salty dawg on 06.27.20 at 8:09 am

#80 SoggyShorts on 06.26.20 at 11:18 pm

Perhaps I’m a great fool? :)
I’ve been doing things like making small trades of, say, buy 1000 shares, and sell them when the price is about a dollar higher. And selling covered calls on stocks I want to keep that aren’t near the ex-dividend date. How many trades a week that comes to varies widely.
*******************
What’s your benchmark, and how do you fare against it?
I’m just a passive investor, but judging my basic PF against VGRO (formerly VEQT) feels good as long as I’m close (since mine is more tax-efficient)

For benchmarking, I look at how I’ve done per stock vs how I would have done if I’d simply been long that stock. And I usually do better, but the answer depends on the time period selected. I haven’t been regularly comparing against an external benchmark and am thinking that I should.

Sometimes I trade around a core position, so only buy & sell some of a stock that I’m long. This complicates keeping track of trades, and coming up with a better way of tracking that was one of the improvements I was considering making to my simple spreadsheet.

#100 TurnerNation on 06.27.20 at 8:23 am

Do you remember the days when our rulers played for us on the telescreens stock footage of men in black marching in a desert? And we were told that VeryBadMen overseas hated our freedoms and were coming over here to get us – so step into the nude scanner at the airport?
We lapped it up.
Today we have travel restrictions, virtual Berlin Walls.
US airlines now will ban you if you won’t wear a mask during flight. A new No Fly List.

A bat did this? No it’s the UN Global agenga.
Slowly limit or ban travel. Set 30% of Earth as nature and off limits to people.
Seattle I heard a long time ago is to be the seat.
It got atonamous zone. Climate arena named? They’re not even hiding it. Keep an eye on Seattle as a testing ground. Trial balloons. Or lead zeppelins.
When the Levee Breaks. (III)
New green deal = global Communism.

Prove it wrong.

#101 Bytor the Snow Dog on 06.27.20 at 8:27 am

@ #76 Do we have all the facts on 06.26.20 at 9:52 pm:

First Ministers’ Meeting? How about we actually have a sitting House of Commons first!?

Baby steps.

#102 salty dawg on 06.27.20 at 8:47 am

#87 Tracking your stocks on 06.27.20 at 12:06 am

Go to your account settings and click on capital gains YTD it shows all your trades. And you can download it or print it or look at it.
In addition you can look under tax information and print a T5 summary, for last year anyway.
And you can get the same T5 on your CRA account.

Takes allot of nerves to trade 15 trades a week. But I agree with you some days the mind boggles at great companies that move one or two dollars in the same day.
Wish I understood covered calls, would have been nice today!

I have several accounts (IRA, RSP, TFSA, US & Canadian), and don’t find that looking at the account information online for each one gives me what I’m looking for, but thank you for the suggestion.

I don’t know that it takes a lot of nerves to trade frequently, I think it has more to do with each trade being for a relatively small amount. When you make money it’s great, when you don’t, it’s no fun at all.

Selling covered calls means you are selling the right to buy stocks that you already own (“covered”) on a certain date at a certain price. You can’t really lose money doing this, but you also can’t sell that stock (without buying back the call). If the stock goes up more than the price specified in the call, you are forced to sell it at the price specified in the call, so your upside is limited. But one really should be very familiar with what options are before doing anything with them.

You are gambling, not investing. Never confuse the two. – Garth

#103 Wrk.dover on 06.27.20 at 8:55 am

Same wife and same RE 39 years. All in and out money is joint. I withdraw $100/week allowance for self interests/toys, another $100/week for infrastructure materials I constantly apply to our homestead RE with my labor intensive projects. Both line items tracked on paper ledger.

No idea what her weekly allowance is, unlike me she can handle money well and she does so.

Happy couple, good long time retired life.

M66NS

#104 Do we have all the facts on 06.27.20 at 9:09 am

#101 Rush fan

We are in a serious crisis that requires all hands on deck.
Parliament is just one component of our system of Constitution based government. All Canadians will suffer if the current revenue sharing structure is not adjusted to allow all Provincial and Territorial governments to stimulate economic growth within their jurisdiction.

Our current Prime Minister is acting like his voice is the only voice that matters. Once again Canada is Constitutionally based Confederacy not a Unitary State.

A First Ministers Conference would acknowledge this reality.

#105 Bytor the Snow Dog on 06.27.20 at 9:25 am

#104 Do we have all the facts on 06.27.20 at 9:09 am sez:
“#101 Rush fan

We are in a serious crisis that requires all hands on deck.
Parliament is just one component of our system of Constitution based government. All Canadians will suffer if the current revenue sharing structure is not adjusted to allow all Provincial and Territorial governments to stimulate economic growth within their jurisdiction.

Our current Prime Minister is acting like his voice is the only voice that matters. Once again Canada is Constitutionally based Confederacy not a Unitary State.

A First Ministers Conference would acknowledge this reality.”
———————————————
I understood your post the first time, and I agree. However, you do realize who our PM is, right?

He loves the little dictatorship he has going right now. And since the “Opposition” (el oh el) is either invisible or in lockstep with Our Boy he gets to do whatever he wants.

We don’t have a democracy anymore. Covid, and the sheeple’s reaction to it, have enabled that.

#106 Dharma Bum on 06.27.20 at 9:30 am

Will.
You must be getting amazing sex.
Are you?
Is that it?
Is the sex just, like, awesome?
Your wife – does she go?
Say no more, say no more!
Nudge nudge, wink wink!
‘ave you evah been wif a lady?

https://www.youtube.com/watch?v=4Kwh3R0YjuQ

#107 crowdedelevatorfartz on 06.27.20 at 9:35 am

@#96 …all the facts

and my point was, Alberta can bleat all it wants about wanting more money.
Ottawa doesnt give two farts about any provinces other than Ontario and Quebec ( something to do with the amount of seats in each province I suspect).
So when the Bloc throw a wrench into the plans of either the Liberals and the Cons and take a chunk of the all important “majority” of seats in parliament we (once again) then get to watch Quebec take more than “its share” of transfer payments.
40 years of cash demands from the Seperatists has worked out well financially. Who can blame them.
As for your suggestion that we have more ‘First Ministers” meetings were they get to posture, blame, demand, and threaten….same old same old…. and then give all the provinces more jurisdiction over their monetary policy….
As if somehow our Provincial politicians are more trustworthy, more intelligent, more diligent than the clowns in charge now….. (Christy Clark comes to mind for BC voters suffering through another one of her vapid, mirror gazing photo ops as she scurried back and forth from China on business junkets to receive new ideas on how to buy a house with a suitcase of cash) and I’m sure every provincial leader voted out over the last decade or two everywhere in Canada coast to coast could give Trudeau a run for his money in the self important idiot dept……..ugh.
Provincial Financial Autonomy. Bye bye Canada.
Mind you.
If our fearless leader is re-elected and continues to spend us into debtors prison…… the end of Canada should arrive at the same time our dollar is worth less than one sheet of toilet paper.
2025?
2030?

#108 Dharma Bum on 06.27.20 at 9:43 am

#84 yvr_lurker

We share house finances relative in the proportion of our take home salaries after putting together a list of the monthly expenses. For major purchases or trips we do it exactly the same way after talking it through.
——————————————————————–

You guys must be a blast to converse with at parties!

#109 Dharma Bum on 06.27.20 at 9:48 am

#107 crowdedelevatorfartz

The end of Canada should arrive at the same time our dollar is worth less than one sheet of toilet paper.
——————————————————————–

Is that the PRE or POST Covid valuation of the toilet paper?

https://www.youtube.com/watch?v=ZTlpD-nObX0