Hitched

Let’s get personal.

After a dozen years of blissful cohabitation (sans kids). Tim & his squeeze are getting hitched. September, maybe, depending on the you-know-what. If all goes well, 150 people. Maybe a trip to Europe. The full Monty.

The romance is good. The finances may need some salve.

We currently have independent accounts but are filing our taxes together as common-law.  Ahead of our union are there any steps we should take to better align our finances?  I’ve been a long-time saver / investor.  She not so much but is starting to come around to the idea that retiring with money in our pockets isn’t such a bad idea.  Ideally freedom 55.

So here are the numbers for these 40-year-olds. He earns $110,000, with $340k in a B&D portfolio of ETFs (good boy, Tim) plus $113k in a TFSA, $155k in a non-registered account and a hundred grand sitting in chequing. She makes $65,000 with $75k in a bank mutual fund RRSP, no TFSA and twenty thou in a savings account.

No house. Rent is cheap ($1,700). Two dogs (breeds unknown, but “super cute”), cars paid for, like to travel. “What should we do?” he asks.

Okay, Tim, here’s the reality. You and she are an economic unit. You do not have independent financial lives, since that went out the window once you moved in together. Resisting an integration of your cash flow, assets and investments is a bad idea. You’ll probably pay more tax. You will likely suffer overlap and duplication among the securities you both own. You stand a good chance of not being able to retire with as much money at age 55, nor with an overall portfolio that can provide a steady, predictable and adequate income stream.

It’s always been a wonder that people get married, buy houses, have children and age together – showing immense trust and dependence, except when it comes to their money. Bad, awful habits on each side get carried into a union. Often a woman will be a risk-averse saver with a penchant for no-growth, ‘safe’ assets. Often a guy will cluelessly confuse investing with gambling, buy speculative crap and still manage to swagger. It’s a bad combo.

So how are these two doing?

Combined liquid assets of just over $800,000 put them in a sweet spot. Of course they could blow it all buying a slanty semi somewhere, also taking on a $700,000 mortgage, but they seem too smart for that. The bottom line: if they contributed no more to their current accounts, integrated them and managed to earn 6-7% on average for fifteen years, the pot should swell to just over $2 million by age 55. That would churn out $130,000 a year in cash flow, or about 75% of current working incomes. Add in CPP and OAS down the road and they’d be living on the same cash flow as now. More, actually, if they structure things the right way.

First, $120,000 is way too much cash to sit on in dead-end bank accounts. Get it working. The first place is her TFSA, which needs to go from zero to the current max of $75,500. Keep the tax-free account topped up for every one of the years until retirement, invested in growth-oriented ETFs (this is not a savings account for vacations), and it can seriously boost retirement income without causing more OAS clawback or bumping her into a higher tax bracket.

The remainder should go into a joint non-registered account, along with Tim’s existing assets.

Why joint?

It will save tax. Growth in a joint non-reg account is attributed to the account-holders equally (regardless of the origin of the funds, whatever the CRA tries to tell you), which takes advantage of her lower tax rate. There’s also a strong estate planning component. If Tim croaks before his dear partner, for example (statistically almost certain), everything in the joint account automatically becomes the property of the spouse – no probate, no wills and no waiting. Do it.

Additionally, Tim should stop making contributions to his own RRSP and direct them all to a spousal plan. He still gets the full tax break for doing so, but eventually she can cash portions of that plan in to finance retirement with less tax. In fact, even is she uses some of this money for the next Italian dalliance it will come out (after three years) at her marginal rate – while he got the big tax break.

More… she should dump the bank mutual funds and their high MERs. Converting to low-cost ETFs will help the assets grow faster. They should ensure each other are beneficiaries of their RRSPs and successor holders of their TFSAs. They should get some help – with eight hundred thousand, soon to be a million, a fee-based advisor would help ensure an overall balance and diversification and move various assets around for the best tax-efficiency. Plus draft a plan for four decades of wrinklihood. A joint chequing account is also a basic need. The days of ‘his’ money and ‘her’ money are so over.

Living with someone breeds dependence. That brings responsibility. Each to the other. Failure may lead to a break. Then what happens to the dogs?

145 comments ↓

#1 SnowOwl on 02.23.21 at 2:18 pm

Just mgtow, bro.

#2 ogdoad on 02.23.21 at 2:31 pm

Sounds like there may have been a little pain in the past. To fully trust someone again could be a very hard prospect. Also, from experience, a lot of junk comes out in the wash which also weighs on trust.

Otherwise, I couldn’t agree more – rip the band-aid right off and get on with it!

Always a pleasure, Garth!

Og

#3 Roial1a on 02.23.21 at 2:45 pm

Listen to Garth. We sure did and he is RIGHT.

TNLATB is ripping you off. I found that out the hard way.

Fee based 1%er is the way to go.

From one who is retired and HAPPY for not having to live hand-to-mouth.

#4 wiggleroom on 02.23.21 at 2:49 pm

Here come the misogynistic comments. Garth are you going to let that first one fly?

#5 RMTL on 02.23.21 at 2:51 pm

“Si vis pacem, para bellum”.
This sounds amazing, but with a 40% divorce rate in Canada, wouldn’t Tim in 15 years have statically more chance to be divorced (and with emptier pockets by joining everything) then let’s say..the DOW beeing lower ?

#6 willworkforpickles on 02.23.21 at 2:55 pm

Many if not most who come here ponder heavily on what’s ahead for them.
This is the kind of message I will likely post 1 year or so from now.
US National Debt Death Spiral…ponder that…where all the new debt issuance is used to fund only interest on the debt.
At times i have said the fed sweats bullets…and no more so than when they cover up the truth.
They will continue to hide the truth and then rates will rise and rise some more.
The day of debt reckoning to come that many here spoke of in the last decade but seem to have selectively forgotten due to jumping on the bandwagon of debt themselves is on the horizon.
Rates will rise and rise some more. Where will holders of new debt come from if the incentive to do so is no longer there…not to mention a building lack of confidence among those holders that needs to be addressed sooner rather than later…enter, raising rates.
The fed sweats bullets…a prolonged crises from here and rates will climb higher…under any new crises to come, even more. The debt is hitting a wall. Impossible to break through without real rate increases…(not the piddly quarter pointer’s like seen in 2021)
The fed is out of bullets…so they sweat…they sweat bullets.

#7 Joel Wilson on 02.23.21 at 2:59 pm

My wife and I have had a joint non-registered account for 20 years with comingled funds and I have claimed 100% of capital gains and interest all that time since I was lower income. Never had a problem with CRA about this.
The tax software even asks what percentage split to use. Don’t know where you get this 50/50 default idea.

You probably filed incorrectly. – Garth

#8 Rico on 02.23.21 at 3:04 pm

” Growth in a joint non-reg account is attributed to the account-holders equally (regardless of the origin of the funds, whatever the CRA tries to tell you)”
Garth, can you provide any sort of link describing this as being legal?

Everything I have seen says that income must be attributed in proportion to the contributions.

Yes, which is impossible to establish in many marriages. Simple solution is to split it. – Garth

#9 mike from mtl on 02.23.21 at 3:13 pm

That’s all well and good, unless they likely get the big D and he permanently loses 50% all that planning goes out the window, 2 decades a lot can change. Not saying that will for sure be the case, but these days it’s more probable than a future decades long bear market.

That happened to my father, all their retirement plans dashed.

Also are these people for real, like who intelligently invests mid-six figures but keeps 100k in a bank account? I never keep more than 10k in cash.

#10 Faron on 02.23.21 at 3:21 pm

#117 Sail Away on 02.23.21 at 12:08 pm

Faron, Michael Burry is long GEO- purchase price $8.9. Hmm…

Neato.

Thanks for reminding us that you are sitting on a 35% ish capital loss from holding a name invested in the imprisonment of poor people.

Lock up them poors for max MAGA, right?

#11 LP on 02.23.21 at 3:22 pm

Only thing I would add to your excellent advice: after doing everything you advise, each party should set-up a bank or credit union account in their own names for personal expenses, no explanations given nor permissions asked. That way when someone wants a new fishing rod or a Michael Kors bag (both non gender specific items) there will be no hurt feelings.

#12 crowdedelevatorfartz on 02.23.21 at 3:29 pm

@#4 wiggle
“Here come the misogynistic comments.”

++++

Sometimes a person’s opinion… is just…. an opinion.
As unpalatable as that may be.

#13 Felix on 02.23.21 at 3:34 pm

You lost me at…

“Two dogs (breeds unknown, but “super cute”)”

Sigh.

They are doomed, and so are their finances.

They best just buy Bitcoin and GameStop and live the illusion that dogs make smart pets and everything will be alright. Then maxx out their HELOCs to buy dog supplies, go bankrupt and collect CPP in their Thunder Bay trailer park.

#14 No mention ... on 02.23.21 at 3:35 pm

of a dowry.

#15 HitchedSuccess on 02.23.21 at 3:41 pm

#11 LP on 02.23.21 at 3:22 pm

“after doing everything you advise, each party should set-up a bank or credit union account in their own names for personal expenses, no explanations given nor permissions asked.”

I would second this advice, generally both pay cheques go into a shared joint account – with $100 (or whatever makes sense) per pay cheque transferred into your own personal “fun” account, and the same into your SO’s.

Then no need to “explain” any extra purchases from those accounts to each other – unless you accidentally use the “shared” account ;)

#16 Sail Away on 02.23.21 at 3:42 pm

#10 Faron on 02.23.21 at 3:21 pm
#117 Sail Away on 02.23.21 at 12:08 pm

Faron, Michael Burry is long GEO- purchase price $8.9. Hmm…

———

Neato.

Thanks for reminding us that you are sitting on a 35% ish capital loss from holding a name invested in the imprisonment of poor people.

Lock up them poors for max MAGA, right?

———

Do only poor criminals go to jail in your world?

#17 Linda on 02.23.21 at 3:42 pm

About the divorce stats being quoted. Hate to break it to the old school commenters, but not saying ‘I do’ officially has long since NOT been an asset defense should a couple split up. Point in fact, most if not all assets gained during common law relationships are equally on the table should that couple split. If there are children, guess what? On the hook for that as well, regardless of whether genes are shared. Surprise!

#18 Wrk.dover on 02.23.21 at 4:02 pm

40th wed year here.

$100 weekly allowance (10% of net) each on a ledger system within the float.

All of the rest of $ is joint

#19 willworkforpickles on 02.23.21 at 4:05 pm

Hope for young couples who want to buy…they should wait.
Bidding wars? …don’t just walk away – from those – RUN!
Talk of waiting for RE prices to drop over the last 12 years that didn’t really happen so why believe they will now or ever is just fatal reasoning. Debt levels dictating the rising rates soon to come not existing then till now either is where this erroneous lack of understanding comes into play.
Hire a paralegal…rent a house…sign a lease with his help…5 years or more with conditions that carry legally over to a new owner if he sells, and wait for the coming fallout.
When the time comes where survival itself is front and centre on most peoples minds and RE has dropped from the radar…those who are able will pick up some astounding deals.

#20 IHCTD9 on 02.23.21 at 4:11 pm

#4 wiggleroom on 02.23.21 at 2:49 pm
Here come the misogynistic comments. Garth are you going to let that first one fly?
___

A dude can’t decide to remain single without being a misogynist?

#21 Jeff on 02.23.21 at 4:13 pm

Problems for people without problems.

F do o absolutely nothing and you’ll still be fine.

#22 S.Bby on 02.23.21 at 4:14 pm

Pre-nup ?

#23 SnowOwl on 02.23.21 at 4:20 pm

I made no such comments, explicit or implied. Our pal Tim needs to consider the crushing force of the whole divorce industrial institution before signing his life away. Sorry if I am exposing anybody’s secret. But is does not sound like freedom to me.

#24 Flanneur on 02.23.21 at 4:31 pm

I know an advisor who keeps his accounts separate from his wife so he can control what she does. Can’t believe someone would sacrifice massive tax advantage and larger end wealth for immaturity. It’s not uncommon.

#25 Parksville Prankster on 02.23.21 at 4:32 pm

… in our house we have ‘her’ money, and ‘our’ money. Happy wife, happy life. I gave up ‘his’ money 40 years ago when we jumped the broom. The trade was worth it.

#26 Dr V on 02.23.21 at 4:32 pm

Not sure if this has been linked yet – 2021 version

http://demographia.com/dhi.pdf

#27 Sail Away on 02.23.21 at 4:34 pm

Aw, you guys are so cute with your allowances. Sort of like tea party rules.

#28 Barb on 02.23.21 at 4:37 pm

Tim, hire Turner Investments.
There’s no-one else to trust.
And, no, he’s not a relative.

#29 Russ on 02.23.21 at 4:43 pm

.
I did the wiki thing on mgtow.

Apparently it was started by large librarians

Cheers, R

#30 Stone on 02.23.21 at 4:48 pm

#17 Linda on 02.23.21 at 3:42 pm
About the divorce stats being quoted. Hate to break it to the old school commenters, but not saying ‘I do’ officially has long since NOT been an asset defense should a couple split up. Point in fact, most if not all assets gained during common law relationships are equally on the table should that couple split. If there are children, guess what? On the hook for that as well, regardless of whether genes are shared. Surprise!

———

The rest of Canada, agreed. In Quebec, common law marriages are simple. There is no separation of assets between partners if they split. The only thing is if there are children, you have to consider child support in case of separation.

I’ve noticed couples in Quebec seem happier. I wonder why.

I guess the rest of Canada likes unnecessarily feeding lawyers just like they like unnecessarily feeding real estate agents.

#31 Bezengy on 02.23.21 at 4:51 pm

#19 willworkforpickles on 02.23.21 at 4:05 pm

Hope for young couples who want to buy…they should wait?
————————
Consider this. Last year there were 544k homes sold in Canada, and our federal government borrowed enough money to buy all of them, and probably more. Lets see what happens when governments are forced to cut spending. I fear there will be painful days ahead for many who have “pickled” themselves in debt.

#32 Faron on 02.23.21 at 5:05 pm

#16 Sail Away on 02.23.21 at 3:42 pm
#10 Faron on 02.23.21 at 3:21 pm
#117 Sail Away on 02.23.21 at 12:08 pm

Beautiful, perfect capitalism will herd in as many prisoners as possible. Seems police in the US have found it quite easy to herd in the poors though. I wonder why…? Maybe when Elon lands in jail I’ll change my tune.

#33 Captain Uppa on 02.23.21 at 5:18 pm

My wife and I know a few couples who do not share their finances at all; everything is separate. These couples also have kids. How they determine who pays for what is asinine to me.

You marry to share a life, that includes finances. Be a team.

#34 willworkforpickles on 02.23.21 at 5:19 pm

#31 Bezengy

Structuring a lease with conditions most suitable to the renter using a paralegal’s help to rent a house over the next few years gives the renter peace of mind while he waits to buy at better prices.
Many don’t like the uncertainties of renting so they buy and FOMO rules their decisions.
A legal structured lease is the remedy for this unnatural fear and loathing.
If the LL sells or loses the property, you will still keep your place.

#35 SnowOwl on 02.23.21 at 5:20 pm

And I would never own GEO either.

#36 Faron on 02.23.21 at 5:24 pm

#23 SnowOwl on 02.23.21 at 4:20 pm

I made no such comments, explicit or implied.

Uh, yes you did. From Wikipedia:

Men Going Their Own Way (MGTOW /ˈmɪɡtaʊ/) is an anti-feminist, misogynistic, mostly online community advocating for men to separate themselves from women and from a society which they believe has been destroyed by feminism.[2] The community is a part of the manosphere, a collection of anti-feminist websites and online communities that also includes the men’s rights movement, incels, and pickup artists

But hey, best part about being an incel is that you’ll never be a cuck!

#37 Sail Away on 02.23.21 at 5:30 pm

#32 Faron on 02.23.21 at 5:05 pm

Beautiful, perfect capitalism will herd in as many prisoners as possible. Seems police in the US have found it quite easy to herd in the poors though. I wonder why…? Maybe when Elon lands in jail I’ll change my tune.

———-

Well, if your tune is the nonsensical bafflegab above, let’s hope you do change it.

#38 Catalyst on 02.23.21 at 5:30 pm

Buy the Semi, sell it in 15 years for $2mil and then invest. If you have surplus funds in between, max the tfsa in B&D investments.

It is the worst tax efficiency in Canada to generate investment income (and increase your tax bracket) and then pay full freight on ever increasing rent.

#39 Faron on 02.23.21 at 5:32 pm

Sorry, trimmed that Wiki copy paste a bit too soon:

Like other manosphere communities, the MGTOW community overlaps with the alt-right and white supremacist movements, and it has been implicated in online harassment of women. The Southern Poverty Law Center categorizes MGTOW as a part of the male supremacist ideology, a category they began tracking on their hate group tracking project, Hate Map, in 2018.

If you don’t want to be associated with any of that, just don’t use the term!

#40 NOSTRADAMUS on 02.23.21 at 5:35 pm

MAIN STREAM MEDIA,
Clearly there is no reason you should save money if the market can do it for you? Right? This is the common theme in much of the mainstream financial advice.
The Reality! The majority of these individuals are woefully under saved for retirement and are “hoping” for compound annual rates of return to bail them out.
“It hasn’t happened , it isn’t going to happen, and the next bear market will wipe most of them out permanently.
The Question???
If even half of the main stream commentary on investing were true, logic suggests that a large majority of individuals would have an abundance of savings set aside for retirement. Instead there are mountains of statistical data which show, the majority of Canadians don’t have even one year-years salary saved for retirement, much less the magic one million dollar carrot that financial gurus endlessly promote.
Demosthenes said.
“For that a man wishes, he generally believes to be true”.

#41 SnowOwl on 02.23.21 at 5:37 pm

Point taken.

#42 danny partridge on 02.23.21 at 5:48 pm

… in our house we have ‘her’ money, and ‘our’ money. Happy wife, happy life. I gave up ‘his’ money 40 years ago when we jumped the broom. The trade was worth it.

—————————————

OK……

#43 Penny Henny on 02.23.21 at 6:12 pm

#39 Faron on 02.23.21 at 5:32 pm

If you don’t want to be associated with any of that, just don’t use the term!
//////////////

He is our hero, Faron.
Playing thought police again.

#44 Linda on 02.23.21 at 6:14 pm

#30 ‘Stone’ – yes, Quebec goes its own way!

#45 Ed on 02.23.21 at 6:17 pm

Why is Wiki always written by such a bunch of petunia’s? No one believes that crap other than a particular demographic.

#46 Alberta Ed on 02.23.21 at 6:22 pm

Listen to Garth. Hold everything jointly (it pays off). Get your wills made with a lawyer, just in case. Stay liquid. Stay invested. Stay married.

#47 IHCTD9 on 02.23.21 at 6:25 pm

#39 Faron on 02.23.21 at 5:32 pm

If you don’t want to be associated with any of that, just don’t use the term!
——- –

Mgtow! Mgtow! Mgtow!

Ahh, becoming a white supremacist, alt-right, hater blah, blah, what-ev, etc… was never so easy!

#48 IHCTD9 on 02.23.21 at 6:38 pm

#43 Penny Henny on 02.23.21 at 6:12 pm
#39 Faron on 02.23.21 at 5:32 pm

If you don’t want to be associated with any of that, just don’t use the term!
//////////////

He is our hero, Faron.
Playing thought police again
—-

Yep, He/She seems to like that cancel stuff.

#49 KLNR on 02.23.21 at 6:38 pm

@#33 Captain Uppa on 02.23.21 at 5:18 pm
My wife and I know a few couples who do not share their finances at all; everything is separate. These couples also have kids. How they determine who pays for what is asinine to me.

You marry to share a life, that includes finances. Be a team.

eesh, married with kids and totally separate finances.
What a pain in the arse that must be. honestly, if you can’t trust your partner whats the point?

#50 david ortega on 02.23.21 at 6:40 pm

Garth, it wouldn’t be fair of me to only criticize your commentary on certain topics like market manipulation and not thank and appreciate the hard work you put in to generate the high value content / commentary which you pump out on a daily basis. Thank you very much to you and your team for all the advice and insight over the years.

#51 KLNR on 02.23.21 at 6:41 pm

@#47 IHCTD9 on 02.23.21 at 6:25 pm
#39 Faron on 02.23.21 at 5:32 pm

If you don’t want to be associated with any of that, just don’t use the term!
——- –

Mgtow! Mgtow! Mgtow!

Ahh, becoming a white supremacist, alt-right, hater blah, blah, what-ev, etc… was never so easy!

lol, just when i thought this place couldn’t get any more puerile.

#52 Penny Henny on 02.23.21 at 6:48 pm

Garth what did you do with TurnerNation?

Faron speaking for people who have no voice, women apparently.

#53 Whinepegger on 02.23.21 at 6:52 pm

“Tim should stop making contributions to his own RRSP and direct them all to a spousal plan.”

Question for you Garth. I followed this advice through my entire career as my wife has no pension and earned considerably less than I did. However, now that we’re retired and we are splitting my pension income there seems to be no advantage to having pumped the spousal RRSP full of investments. Any funds removed from the spousal RRSP only has a negative impact on the benefit derived from pension splitting. So exactly what advantage do you see in contributing to a spousal RRSP when pension splitting is factored into the equation?

#54 Don Guillermo on 02.23.21 at 6:57 pm

IHCTD9
This is worse for Canadians than any, and every; bad thing all PM’s in the last 100 years of the country have done – combined.

And at least Harper doesn’t run around wearing black face and grope young female reporters at every
opportunity like Mr. elite frat-boy Trudeau likes to do.
—————————————————————
Well if I get to choose, I’d definitely choose to be a Russian Troll. Those Slavic Women are HOT!
—————————————————————
As more clues to our potential future are revealed, the more clear it is that Trudeau has made some absolutely massive mistakes. Grievous errors that will haunt 2-3 generations, and possibly even lead to the insolvency of the Country itself decades from now.

Boomers, GenX, and the oldest of Millennials will be fine – but from there on down, there will be more bad years ahead than good years behind. They will only know a post-Trudeau Liberal Canada, where getting off the hamster wheel or getting on the RE Ladder, will be nigh impossible. Without this ability, the future middle class is toast.

Trudeau is the worst PM in Canadian history by 100 miles.
____________________________________________
A dude can’t decide to remain single without being a misogynist?
*****************************************
IHCTD9 – your posts are quickly rocketing to the top of my favorites list

#55 crowdedelevatorfartz on 02.23.21 at 7:00 pm

@#IHCTD9

I believe Wgtow is called “marriage”.

#56 Faron on 02.23.21 at 7:00 pm

#43 Penny Henny on 02.23.21 at 6:12 pm
#39 Faron on 02.23.21 at 5:32 pm

//////////////

He is our hero, Faron.
Playing thought police again.

Thassright, shut your idea-hole Penny or I’ll throw you in one of GEO’s finest facilities. Because I have so much power over your thoughts. Here. On the internet. thousands of kms from you.

But, seriously, I’m not stopping, nor is anyone who raises a stink, stopping you from using your terms of choice. Maybe next time you are chatting with a black person you should call them an en-eye-gee-gee-ee-arrrgh? It’s just a word, right? Or maybe a choice epithet when you address Dolce Vida? Just words. They don’t matter.

#47 IHCTD9 on 02.23.21 at 6:25 pm

Mgtow! Mgtow! Mgtow!

Ahh, becoming a white supremacist, alt-right, hater blah, blah, what-ev, etc… was never so easy!

Hey, looks good on you man!

Why would you contort yourself into using a particular acronym unless you identify with the group? The english language has vast nuance to choose from that makes it easy to say exactly what you want to say (inter-linguistic differences aside) so why hew to MGTOW if your actual sentiment lies elsewhere? Why not just say something that accurately reflects your thoughts? Why so lazy?

But cool, yeah, try that some time when you are chit chatting with some friends. And when they don’t understand what MGTOW is (I didn’t so had to look it up) tell them to look it up. But, you had better tell them where to look it up else they get the wrong idea about what you mean. Or, you could send them to reddit.com/r/MGTOW.

Same beef I have with stuff you’ll agree with me on. Namely, the use of ACAB and defund the police. I can see why these notions exist, but they are poor communicators of the sentiment behind them and thereby are ineffective. I know that ACAB is not true. I know that defunding the police is a poor idea on the face of it. I choose to not use either of those terms despite identifying with some of the underlying concepts.

Having stepped on two of his choicest landmines — criminal “justice” and men’s rights/equality — I can’t wait to see what Sail Away is tippity tapping on his keyboard as he rides his trusty hobby horse into the sunset. I’ll put my hobby horse way now. He’s getting tired.

#57 crowdedelevatorfartz on 02.23.21 at 7:01 pm

Apologies, I meant to say “divorce”.
Either way.
Win!

#58 IHCTD9 on 02.23.21 at 7:02 pm

#39 Faron on 02.23.21 at 5:32 pm

Sorry, trimmed that Wiki copy paste a bit too soon:

… The Southern Poverty Law Center….
— —-

Ahh yes, the “do as I say, not as I do” organization.

https://www.nytimes.com/2019/03/25/us/morris-dees-leaves-splc.html

Kind of funny that an organization like the SPLC who labels all kinds of groups as misogynistic and white supremacist (etc…) seems to be rife with internal sexual misconduct and racism itself. Including their founder, more than once…

Maybe they should add themselves to their own list?

#59 Simple question - hard answer on 02.23.21 at 7:07 pm

How much is enough? Is it based on income vs. outgo or is it based on net worth? When can you feel good and not worry about giving away too much? Is there a rule like your real estate rule of 90?

#60 IHCTD9 on 02.23.21 at 7:11 pm

#33 Captain Uppa on 02.23.21 at 5:18 pm
My wife and I know a few couples who do not share their finances at all; everything is separate. These couples also have kids. How they determine who pays for what is asinine to me.

You marry to share a life, that includes finances. Be a team.
— ——-

How the heck are you supposed to run a household when you never know what’s being spent, and how much is in the kitty? What do they do, figure out who pays what via percentages all the time? 50/50? Based on income?

Sounds like a one way trip to divorce to me.

#61 Faron on 02.23.21 at 7:13 pm

#123 IHCTD9 on 02.23.21 at 2:10 pm

Well if I get to choose, I’d definitely choose to be a
Russian Troll. Those Slavic Women are HOT!

Not going to do you much good as MGTOW

#62 Rook on 02.23.21 at 7:14 pm

Hi Garth. Wondering if you might do a write-up on how to actually FIND and INTERVIEW a fee-based advisor? How do you do this? Yellow pages? Google search? Ask your friend?

I know you want to drive business to your firm, but for those of us who aren’t HNW Canadians, but don’t want the nice lady at the bank…. how do we even begin?

#63 IHCTD9 on 02.23.21 at 7:20 pm

#32 Faron on 02.23.21 at 5:05 pm
#16 Sail Away on 02.23.21 at 3:42 pm
#10 Faron on 02.23.21 at 3:21 pm
#117 Sail Away on 02.23.21 at 12:08 pm

Beautiful, perfect capitalism will herd in as many prisoners as possible.
——— –

Indeed, Communism was always much more efficient. Line the “criminals” up along the edge of a hole, and shoot them. Don’t even have to heave the corpses, they would just fall right in there.

I’m sure if Elon has a crime to answer for, he’d be happy to face a judge, and then maybe a Supermax, instead of some of the options to “Capitalism”.

(I won’t get into the fact that economic systems don’t throw folks in jail)

#64 Captain Uppa on 02.23.21 at 7:22 pm

#57 IHCTD9 on 02.23.21 at 7:11 pm
#33 Captain Uppa on 02.23.21 at 5:18 pm
My wife and I know a few couples who do not share their finances at all; everything is separate. These couples also have kids. How they determine who pays for what is asinine to me.

You marry to share a life, that includes finances. Be a team.
— ——-

How the heck are you supposed to run a household when you never know what’s being spent, and how much is in the kitty? What do they do, figure out who pays what via percentages all the time? 50/50? Based on income?

Sounds like a one way trip to divorce to me.

———————————-

I have no idea how they do it. One couple even own separate homes. One owns the main household and the other a cottage in Haliburton. The husband was once divorced prior. Maybe he’s snake bitten?

It really is none of my business, but I just don’t get it.

#65 Faron on 02.23.21 at 7:24 pm

#52 IHCTD9 on 02.23.21 at 7:02 pm

#39 Faron on 02.23.21 at 5:32 pm

Maybe they should add themselves to their own list?

Probably.

Nice reflexive link drop tho. Yeah, should probably discard the whole thing in which case you are forced to discard every institution that ever had a bad actor and that leaves you with… you. Nope, not you and yer tractors (I’m sure IH had some bad people now and then so out she goes) just you. with you. and nature. I’d say you and your wife, but there’s a chance that one of you did something “bad” once.

There’s no question that you are perfect, but most people are pretty complex and have both “good” and “bad” intentions. Actually, almost everyone thinks their intentions are good, but for various reasons, “issues” trip them up. In the case of someone like Trump, the “issues” are the person. Or, to take another tack, I think there are some real clowns in the SCOTUS right now, but I think the institution is solid, still highly relevant and necessary and I also trust that they are making pretty decent decisions while deliberating with great diligence.

#66 Ben Dover on 02.23.21 at 7:26 pm

How is it that the vast majority of these unisons always have the male partner earning more with a substantially greater portfolio/net worth?

I’m not gay, but for the right price, I would be willing to give it a shot! Just saying … everything has a price!

#67 jess on 02.23.21 at 7:32 pm

In Texas, environmentalists are sounding the alarm over toxic pollution from oil refineries that scrambled to shut down amid last week’s unprecedented winter storm. Reuters reports Texas refineries burned off — or “flared” — more than a third of a million pounds of toxic benzene, carbon monoxide, hydrogen sulfide and sulfur dioxide as temperatures dropped below freezing.

https://www.democracynow.org/2021/2/23/headlines/texas_refineries_flared_337_000_pounds_of_toxic_chemicals_as_winter_storm_hit

Meanwhile, households and local governments in Texas continue to report astronomically high energy costs after Texas’s deregulated energy market allowed for a huge spike in prices. The publicly run utility in the city of Denton was charged $207 million in recent days — more than its entire annual budget.

#68 Sail Away on 02.23.21 at 7:37 pm

Having stepped on two of his choicest landmines — criminal “justice” and men’s rights/equality — I can’t wait to see what Sail Away is tippity tapping on his keyboard as he rides his trusty hobby horse into the sunset.

————

Not me. I take direction from Cthulhu: No lives matter.

#69 IHCTD9 on 02.23.21 at 7:38 pm

#56 Faron on 02.23.21 at 7:00 pm

Hey, looks good on you man!

Why would you contort yourself into using a particular acronym unless you identify with the group?
———

That’s a good question. If I say mgtow a few times without ripping them a new one, do I then automatically identify with said group? Isn’t that kind of thinking just dumb?

Perhaps I just disagree that the mere mention of any group, means anything significant at all. That’s cancel culture ideology (ie. the ideology of the stupid). If you can’t meet dissenting opinion head on, then get out of the kitchen.

#70 Faron on 02.23.21 at 7:39 pm

#63 IHCTD9 on 02.23.21 at 7:20 pm
#32 Faron on 02.23.21 at 5:05 pm

I’m sure if Elon has a crime to answer for

Ha, “if”. That’s cute.

(I won’t get into the fact that economic systems don’t throw folks in jail)

No, non-physical entities don’t do much throwing. But, they do act through physical players (GEO) who, through strong profit motive to meet that 13+% divvy and not see their shares tank even further than the 50% YoY that they have, may be inclined, to, you know, leeeeean a bit on the gov’t teat (states, counties, munis and their po-lice) they suckle from. Ya know, to get more “milk” flow. Built that prison, gotta fill it up up up. Those empty beds aren’t going to pay for themselves are they?

‘twould be a shame if something happened to that tail light… Oh, did I just slam your head in the car door?

#71 IHCTD9 on 02.23.21 at 7:40 pm

#61 Faron on 02.23.21 at 7:13 pm
#123 IHCTD9 on 02.23.21 at 2:10 pm

Well if I get to choose, I’d definitely choose to be a
Russian Troll. Those Slavic Women are HOT!

Not going to do you much good as MGTOW

— ——-

Am I?

Please answer with as few words as possible.

#72 Stone on 02.23.21 at 7:46 pm

#62 Rook on 02.23.21 at 7:14 pm
Hi Garth. Wondering if you might do a write-up on how to actually FIND and INTERVIEW a fee-based advisor? How do you do this? Yellow pages? Google search? Ask your friend?

I know you want to drive business to your firm, but for those of us who aren’t HNW Canadians, but don’t want the nice lady at the bank…. how do we even begin?

———

Step 1 – turn on brain.
Step 2 – open the google.
Step 3 – search for financial advisors.
Step 4 – contact various financial advisors.
Step 5 – interview various financial advisors.
Step 6 – pick one.

Or

Step 1 – learn about investing yourself and become financially woke.
Step 2a – do step 1-6 above, and/or;
Step 2b – invest your money yourself.

Or

Step 1 – do nothing and continue to make silly comments like the one above.

Seriously though, interview a few advisors. You’ll start to see a pattern develop and from that you can make a decision. The big part of it though is that you need to take accountability for yourself. Why would anyone else when you won’t do it for yourself?

#73 mnpr on 02.23.21 at 7:47 pm

“Growth is attributed equally”. What exactly does that mean? My wife and I have a joint non-reg with just over 300k in it. We are both retired. We have documentation to prove she was the sole contributor (as she was lower income than me) and therefore at tax time she declares all of the income from it (about 15k per year in divvies). Are we doing something wrong?

#74 IHCTD9 on 02.23.21 at 7:47 pm

#54 Don Guillermo on 02.23.21 at 6:57 pm

IHCTD9 – your posts are quickly rocketing to the top of my favorites list
—— —-

Yeah, Rum consumption is up lately.

#75 OpinionOrHate? on 02.23.21 at 7:54 pm

#1 SnowOwl on 02.23.21 at 2:18 pm
Just mgtow, bro.

#4 wiggleroom on 02.23.21 at 2:49 pm
Here come the misogynistic comments. Garth are you going to let that first one fly?

#12 crowdedelevatorfartz on 02.23.21 at 3:29 pm
@#4 wiggle

Sometimes a person’s opinion… is just…. an opinion.
As unpalatable as that may be.

—————————————————

Men Going Their Own Way (MGTOW /ˈmɪɡtaʊ/) is an anti-feminist, misogynistic, mostly online community advocating for men to separate themselves from women and from a society which they believe has been destroyed by feminism.[2] The community is a part of the manosphere, a collection of anti-feminist websites and online communities that also includes the men’s rights movement, incels, and pickup artists.[3]

Like other manosphere communities, the MGTOW community overlaps with the alt-right and white supremacist movements, and it has been implicated in online harassment of women.[4] The Southern Poverty Law Center categorizes MGTOW as a part of the male supremacist ideology, a category they began tracking on their hate group tracking project, Hate Map, in 2018.

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

#76 SnowOwl on 02.23.21 at 7:55 pm

Unfortunately, dear Faron, your wife is the only person in the world, who actually has the unilateral power over you, to throw you in one of GEO’s finest facilities. All she would need to do is to place a false accusation against you. Then your emotional intelligence, your illustrious career, your high moral stance, will go to waste. You will lose your reputation, your friends, and nobody will want to be associated with you. There is your biggest risk of all. Glad I was able to help.

#77 Wrk.dover on 02.23.21 at 7:56 pm

#27 Sail Away on 02.23.21 at 4:34 pm
Aw, you guys are so cute with your allowances. Sort of like tea party rules.

——————————————–

1988 Retirement party rules.

#78 Nonplused on 02.23.21 at 7:59 pm

#36 Faron on 02.23.21 at 5:24 pm

Most of the mgtow’s I know are recently divorced men who were shocked, shocked I say, at how they were treated by the courts during divorce. They seem to grow out of it after the alimony and child support payments end.

And even the founder of Wikipedia says it can’t be trusted for anything political anymore. There is an ideological war going on between the editors and all pretext that articles are “unbiased” is gone. It’s like CNN and Fox news get to co-edit an article and they can rewrite it as many times as they like.

#79 WomenAreScary on 02.23.21 at 8:12 pm

#67 SnowOwl on 02.23.21 at 7:55 pm
“Unfortunately, dear Faron, your wife is the only person in the world, who actually has the unilateral power over you, to throw you in one of GEO’s finest facilities. All she would need to do is to place a false accusation against you. Then your emotional intelligence, your illustrious career, your high moral stance, will go to waste. You will lose your reputation, your friends, and nobody will want to be associated with you. There is your biggest risk of all. Glad I was able to help.”

I’m sure Faron is shaking in his boots now and likely regretting the day he ever met his female partner. He better start looking over his shoulder cause you never know when or how she might strike. She is a woman after all (sarcasm off).

#80 Dogman01 on 02.23.21 at 8:22 pm

#114 IHCTD9 on 02.23.21 at 11:40 am

“Boomers, GenX, and the oldest of Millennials will be fine – but from there on down, there will be more bad years ahead than good years behind. They will only know a post-Trudeau Liberal Canada, where getting off the hamster wheel or getting on the RE Ladder, will be nigh impossible. Without this ability, the future middle class is toast.”

————————————————-
Many of us concur with you prognosis; you might reasonably speculate it was planned, constructed and implemented over the last few decades. Ask yourself “Who Benefits” .
All this Housing inflation does is financially destroy the young,benefiting few but giving the majority an illusion of prosperity. If I want to take down the middle class…with few noticing this is how you would do it.

“You can’t always measure the eventual outcome of an action by what has happened thus far. If a man jumps off a 45 storey building, nothing has really changed during the first 40 floor freefall, it’s the last few that make it interesting and we all know what the final outcome is.” – Warren Buffet

#81 Faron on 02.23.21 at 8:24 pm

#76 SnowOwl on 02.23.21 at 7:55 pm
Unfortunately, dear Faron, your wife is the only person in the world, who actually has the unilateral power over you, to throw you in one of GEO’s finest facilities

My wife to be’s ex husband took her money and house (he was the low earner). She divorced him because he was physically abusive.

But, yes, marriage is not to be taken casually. Nor is common law for that matter.

#82 millmech on 02.23.21 at 8:26 pm

So being a single male is now a hate crime I take it.
I guess the term “happy wife happy life” should be categorized as hate speech since the implied and societal acceptance of violence(physical, psychological, financial, or spiritual) against a man who can not keep a woman happy and that he should then accept a life of misery for his many shortcomings.

#83 Dogman01 on 02.23.21 at 8:26 pm

Citizens need to understand our establishment elite wield power strategically, they are amoral and ruthless.

Pierre Trudeau may have asked business leader to move jobs from Quebec, says U.S. State Department document
https://www.cbc.ca/news/politics/canada-u-s-trudeau-parti-quebecois-1.5922938

Western Canadians should not doubt that Justin Trudeau’s destruction of the Oil and Gas sector is a similar diabolical powerplay.
No Canadian should doubt that old wealth Canadian families control the Liberal Party.

#84 Dutchy on 02.23.21 at 8:36 pm

Very sound advise today !!
Re: Selecting financial advisor…………
Be sure the firm you select is at least registered and a member of Canadian Investor Protection Fund (plus IIROC, etc.) and your advisor has some credentials (FCSI, CPA, CIM etc) and of course confirm total rates charged. Probably 1% max (plus tax?)
Some proof of performance history would be of interest.

#85 Paully on 02.23.21 at 8:37 pm

I always thought that MGTOW is “Maximum Gross Take Off Weight.”

Matters when you are flying or dispatching airliners.

#86 Dogman01 on 02.23.21 at 8:41 pm

#78 Nonplused on 02.23.21 at 7:59 pm
There is an ideological war going on between the editors and all pretext that articles are “unbiased” is gone.
———————————————

In the USA, with its greater protection of Freedom of Speech\Press a new campaign is underway to ensure what Americans hear is in a much more narrow window: https://greenwald.substack.com/p/house-democrats-targeting-right-wing

If you’re a free speech supported Glen Greenwald is a great source of information, can’t paint him as alt-right as he is the Snowden reported. He seems like the rare bird, Truth to power, calls out the establishment. You may remember that old fashion role of a Journalist.

#87 Kiril Peev - Ottawa Real Estate on 02.23.21 at 8:44 pm

Ottawa rental prices are fairing decent given the increase in active listings in the downtown core.

Listings jumped from a low of 100 to about 300 over the past 12 months.

Rental prices seem to be in line with the longer 10 year trend, though there is downward pressure.

https://www.kirilpeev.ca/ottawa-rental-market-active-listings-vs-rental-prices/

#88 TurnerNation on 02.23.21 at 8:45 pm

Yep here comes our new Feeding protocols on the tax farm. When the entire Former First World is under House Arrest, anything’s possible. You think they are just playing around?

http://www.digitaljournal.com/tech-and-science/science/essential-science-eu-clears-mealworms-as-safe-to-eat/article/584424
The European Union has taken a major step, whatever your individual feelings, in declaring mealworms as ‘safe to eat’ and hence as a sustainable source of protein that can be used to replace meat within a diet
This decision means that mealworms will shortly be appearing on grocery store shelves.


– Closer to home:

“The Globe and Mail reports in its Tuesday, Feb. 23, edition that Mohammed Ashour’s Aspire Food Group, is building a highly automated processing plant in London, Ont., to grow crickets for human consumption. The Globe’s Matthew McClearn writes that the $72-million facility is expected to produce 10,000 tonnes of beige cricket protein powder annually. Aspire is part of a small but innovative coterie of companies that believes insect protein can help make North America’s food system more sustainable. The fact that many North Americans and Europeans currently regard eating bugs as taboo is one daunting obstacle for insect producers. © 2021 Canjex Publishing Ltd. All rights reserved.”

…….
Seen elsewhere: travel related

“The most disturbing sight was in Minneapolis. Waiting to get through customs we noticed a nice new CDC office next to the TSA. They now have real estate at the airports and they won’t be going anywhere.”

#89 SnowOwl on 02.23.21 at 8:50 pm

Faron, I really do not wish to continue this argument anymore on a personal level. The only thing, and the last thing that I am going to say, is that it seem to me that all the red flags are staring at you right at your face.
Wishing you the best.

#90 Faron on 02.23.21 at 8:51 pm

Thanks for the post today Garth. Working through joint finances this past year. So far it has been great. Socking away the dollars and spending on necessities is easier with joint accounts. Working out the joint RRSP at the moment, but I’ve wasted enough of your time today with GEOMGTOW to ask for the answers that elude me. Have a nice evening.

#91 SingleMale=HateCrime? on 02.23.21 at 8:54 pm

#82 millmech on 02.23.21 at 8:26 pm
“So being a single male is now a hate crime I take it.”

Hardly, but promoting MGTO and warning men that women will ruin them is kind of hateful, don’t you think? Or is it just a harmless “opinion”?

#92 Ustabe on 02.23.21 at 8:59 pm

DELETED

#93 Bert on 02.23.21 at 9:00 pm

Home prices have absolutely exploded in the Niagara Region over the past 3 weeks. $850K homes selling in 24 hours with 9 offers. $200K over asking. Multiple examples of this. I have lived here my entire life and have only heard of this activity in the GTA.

In places like Fonthill and NOTL there is no market. Only odd ball listings left. Everything has been sold.

#94 Bert on 02.23.21 at 9:01 pm

St Catherine’s is crazy. Bidding wars with prices screaming 20% higher over asking is the norm.

#95 Faron on 02.23.21 at 9:02 pm

#87 SnowOwl on 02.23.21 at 8:50 pm

all the red flags are staring at you right at your face

WOW! So, woman takes man’s possessions in divorce, red flag on her ’cause she’s greedy. Woman gets possessions taken in divorce red flags on her because…? I won’t put words in your mouth, other than holy crap!

None of this matters to me, personally, because we trust each other. But dang dude. Seriously.

#96 Canadians Moose on 02.23.21 at 9:12 pm

Been married and got taken to the cleaners. It’s a choice. You are all in or you aren’t. Times have changed and so has the definition of marriage. Marriage again, I will pass. My money is my money now and it keeps things less complicated. Best of luck to those that do get married. Ya gonna need it. Lol.

#97 TurnerNation on 02.23.21 at 10:01 pm

Greetings Blog dogs.

I must start with the usual & required salutations here in this post-national nation state.
First, my pronouns are: He, His, Him, Blog Dog.
I might also swivel my head a bit for “Hey buddy”.

Currently I identify as a cis-gendered, binary, gender-confirming, male who follows hetro-normative standards and presents as a man.

Check back tomorrow.

And uhh..now I’ve forgotten about what I was going to write here.

Oh yes. More Greetings, from Ontariowe, where our ruling junta pre-declared, in 2020, a STATE OF EMRERGNCY well into 2021. What foresight. I cannot walk half a block without tripping over an emergency. 911 is on speedial, so many emergencies to be reported.
We even have emergent emergencies emerging from …as-yet-undiscovered emergencies
Online there are “E-mergencies appearing”.
Yes. Lord have emergent-cy on us

….
Say do you recall what in 2019 every major city did declare? Why it was a Climate EMERGENCY. What foresight. Advance terror. Shock training. Some fear we may be facing the never-ending economic, then climate lockdowns for years. So far on schedule.
Look, camps for returning travellers were just now set up. This is not going away any time soon.

The New World Order is just that. The New Normal they sold us on. For my health. Don’t take my word for it:

“Feds don’t intend to set ‘official date’ to lift all COVID-19 restrictions
By Rachael D’Amore Global News
Posted February 23, 2021 1:38 pm
Updated February 23, 2021 9:57 pm”

#98 Dominoes Lining Up on 02.23.21 at 10:21 pm

#93 Bert

Home prices have absolutely exploded in the Niagara Region over the past 3 weeks. $850K homes selling in 24 hours with 9 offers. $200K over asking. Multiple examples of this. I have lived here my entire life and have only heard of this activity in the GTA.

_____________________________

Penny Henny, are you listening?

Put your Welland shack up for sale asap.

This will likely be your last chance to get out of property in that region before it slides down to the intrinsic level of the local economy for years to come.

Let the Greater Fools give you a great retirement gift.

You’ve probably only got days to act, so get on it buddy!

#99 CJB on 02.23.21 at 10:22 pm

My wife and I have separate finances, I pay all house costs and she buys groceries. Any extras, trips, cars, etc we discuss…what’s the big deal!

#100 Dominoes Lining Up on 02.23.21 at 10:28 pm

#94 Bert

Home prices have absolutely exploded in the Niagara Region over the past 3 weeks. $850K homes selling in 24 hours with 9 offers. $200K over asking. Multiple examples of this. I have lived here my entire life and have only heard of this activity in the GTA.

_____________________________

Penny Henny, are you listening?

Put your Welland shack up for sale asap.

This will likely be your last chance to get out of property in that region before it slides down to the intrinsic level of the local economy for years to come.

Let the Greater Fools give you a great retirement gift.

You’ve probably only got days to act, so get on it buddy!

#101 Sail Away on 02.23.21 at 11:02 pm

The MGTOW sounds mostly like frustrated 20-somethings who have been stymied in love, so they’ve built this whole movement when really, all they need to do is pump iron.

Personally, I’ve always been handsome, but it wasn’t until the army launched my newly muscular physique back onto the dating scene that I became female catnip. The next several years were hard, very hard, but to maintain the reputation of men everywhere, I buckled down and did my duty. It is said that hard work is its own reward.

So… MGTOW? Lift weights. You’ll quickly lose any interest in going your own way.

#102 DON on 02.23.21 at 11:41 pm

I am independantly, dependent on my spouse.

Just be adults.

Willworkforpickles….yup. All the variables are still at play ans things are a lot more amplified. Much like the movie Final Destination…you can run but you can’t hide.

#103 Margaret on 02.23.21 at 11:51 pm

https://smartasset.com/investing/inflation-calculator

Your dollars lose this much purchasing power over 15 yrs. with inflation at just 2.5%…a factor.

I worked a variety of jobs all thru my teens in Alberta. Since then, an entrepreneur with a small business corp., three green houses and a red boutique hotel. Have no other investments..27% bank owed on bricks and mortar. I’ll happily work in/on the business for years to come.. God Willing and the creek don’t rise.
A strategy I follow in my semi-retirement, is to buy and repair/build the expensive items first, with an eye to living a fourth quarter without these concerns. And save price you’d have to pay later. Good sense of quality for best long return.
F70BC

#104 DON on 02.23.21 at 11:58 pm

Here’s one for Dolce. It was posted two days ago…

https://financialpost.com/news/economy/canada-hastily-revises-core-inflation-on-methodology-concerns

At what point did they stop reporting the real numbers? One…two…6 months ago? God forbid …longer.

#105 DON on 02.24.21 at 1:04 am

Aside from the Bank of Canada’s incoherent musings, this tops the headlines tonight.

“Hong Kong budget 2021-22: current year’s deficit at record HK$257.6 billion, but lower than previous estimate of HK$300 billion” Well that is good news on a steaming pile of bad news.

https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3122765/live-hong-kong-budget-2021-22

#106 JR on 02.24.21 at 1:17 am

We really should discuss it more.

In fact, the truth is uncomfortable and we should strive to make sure everyone writhes in their seats when faced with truths such as:

•Family Court is inherently biased against men

•The Gender Wage Gap only exists because more men are willing to take crappier jobs, second jobs, work overtime, or otherwise undergo longer, harder, or rarer training such as medical specialties, engineering certifications, or manual labor.

•Gender Employment Gap exists in the military, in skilled trades such as carpentry & masonry, as well as positions such as garbage men & lawn maintenance. Why aren’t we talking about that?

•If a woman wants to terminate a fetus, a man has no say. But if she wants to keep it, then a man *also** has no say?*

•Marriage is on the decline because women take advantage of men in courts, initiate 80% of all divorces, & 45% of all marriages end in divorce anyway, so why bother?

•When courts don’t grant men equal custody, it sends a signal that men aren’t useful to child rearing, only to finance children.

**This isn’t equality, it’s preferential treatment

#107 Nonplused on 02.24.21 at 1:53 am

#87 leebow on 02.22.21 at 8:36 pm
#78 Nonplused

Things are not black and white (as in “rich people do RESPs, poor people do not”). A lot of people can save for their children’s education but choose not to. The education grant is supposed to encourage savings by parents who otherwise wouldn’t do it. RESP is a good program that does not prevent other forms of assistance to children from low income families. Killing it would be a procrustean act.

—————————————

You misunderstood me. I was not saying I was in favor of killing the RESP or more particularly the grant. Instead, using my amazing and unapparelled mind reading skills, I have surmised that Trudeau will kill the grant because not everyone can afford to get it. Either that or he will make it universal, and not based on savings.

#108 Jane24 on 02.24.21 at 2:42 am

Hey Garth I know that you have been banging the drum for city life going back to normal but the evidence is starting to pile up against this theory. HSBC one of the biggest global banks have announced in London this morning that they intend to permanently reduce their office space worldwide by about 40% as they intend to permanently move to more WFH. If all the other banks and major office employers align with this then cities are in trouble. Even hybrid work patterns will have major permanent impacts on city life.

#109 Captain Uppa on 02.24.21 at 6:10 am

HSBC cutting almost half of all office space for the long term.

“ HSBC plans to nearly halve its office space globally over the long term as part of a cost-cutting drive set out on Tuesday, in a further sign the pandemic could mean permanent changes to working patterns.”

Link: https://www.google.ca/amp/s/mobile.reuters.com/article/amp/idUSKBN2AN0OR

#110 Wrk.dover on 02.24.21 at 6:35 am

The day a married couple becomes the highest bidder for all of one of the couples remaining time, that person becomes a tax benefit rather than a tax bracket. Consider the work related expenses nixed, the amounts of paid labor removed from future expenses, the long term project list getting shorter sooner, and so on.

$100/week for materials in perpetuity sure adds up to early completion on a homestead when labor worth three or four times materials is factored on top, for free. That labor alone is 20k/yr after tax in equivalent.

Then there is all of the repair work either done or avoided with preventive maintenance, and so on.

Some fuzzy math few will or have considered.

There is no income tax when you pay yourself no income, but there is more benefit there.

#111 crowdedelevatorfartz on 02.24.21 at 8:14 am

@#75 OpinionorHate?

Since I had to look up the acronym mgtow ( and I cant keep up with all the acronyms)
I vote opinion.

#112 crowdedelevatorfartz on 02.24.21 at 8:17 am

@#101 Sail Away
“Personally, I’ve always been handsome, but it wasn’t until the army launched my newly muscular physique back onto the dating scene that I became female catnip. The next several years were hard, very hard, but to maintain the reputation of men everywhere, I buckled down and did my duty. It is said that hard work is its own reward.”

+++

Good one but I think you just ripped Faron (rhymes with Karen) from his safe space.
Prepare for the easily offended wailing.

#113 crowdedelevatorfartz on 02.24.21 at 8:25 am

@#108 Jane24
“HSBC one of the biggest global banks have announced in London this morning that they intend to permanently reduce their office space worldwide by about 40% as they intend to permanently move to more WFH. ”

++++

Its easier to blame Covid than Brexit.
Wouldnt want to offend the 51% of the population that voted “Leave”.
The Financial Hub that is London has been quietly moving thousands of jobs to Europe.
Scotland is beating tha bagpipes for separation ( I find it interesting that former Scottish separatist leader Alex Salmond is using Russian Television and internet to get his Separatist views across….50 years ago he would have been jailed or worse …for treason) and there’s that pesky Northern Ireland border “issue”.

Not to worry.
British Boris to the rescue as Russian Boris stirs the pot..
Ironic dont you think?

#114 crowdedelevatorfartz on 02.24.21 at 8:31 am

@#104 DON
“At what point did they stop reporting the real numbers? One…two…6 months ago? God forbid …longer.”

+++

Well I think it certainly couldnt hurt for “Little Potato” to appoint a novelist as Finance Minister.
Fiction tends to write itself.

#115 MGTOW on 02.24.21 at 9:12 am

MGTOW is misunderstood. For many they are happy with feminism as it has equally freed men from the typical burdens of running society and expectations of supporting families so they can follow their own interests. In terms of my own anecdotal experience, I dated a woman in her early 30s for a while whose biggest regret was not marrying young so she could then divorce and have a financial cushion in life… I ended that one pretty quick. Most women are wonderful, but for those who are not they know there are little societal consequences for their actions.

#116 IHCTD9 on 02.24.21 at 9:30 am

#65 Faron on 02.23.21 at 7:24 pm

Maybe they should add themselves to their own list?

Probably.

Nice reflexive link drop tho. Yeah, should probably discard the whole thing in which case you are forced to discard every institution that ever had a bad actor and that leaves you with… you.
___

I don’t expect the SPLC to “discard” themselves. They just need to add themselves to their own list of haters/abusers/rights trampers etc. And maybe sue themselves once and a while.

That would help a lot of people take them more seriously after the events of 2019.

#117 Dharma Bum on 02.24.21 at 9:43 am

Here’s the test:

If you’re not willing to completely merge your finances and assets (joint ownership of everything, joint accounts where possible), then you’re NOT ready to get married.
Marriage = ONE UNIT. If that’s scary, then don’t marry.

Also, if you’re not a millionaire, or you’re not getting financial help from your families to throw a wedding party, scrap the party plans. That is the biggest waste of money that you don’t have. Take the first step as a married couple toward financial prudence and save that money you would otherwise squander on “friends” and relatives who don’t even want to really even be there and who don’t actually care. Save the money for practical use, or at least upgrade your honeymoon.

Marriage is all fun and games until someone loses an eye.

#118 Sail Away on 02.24.21 at 10:01 am

The US is around 70-80% Covid immune now: 25% vaxxed, 10% recorded as recovered and probably, in actuality, 5x that.

Expect full US boom. Invest accordingly.

#119 Phil McKracken on 02.24.21 at 10:07 am

#66 Ben Dover on 02.23.21 at 7:26 pm
How is it that the vast majority of these unisons always have the male partner earning more with a substantially greater portfolio/net worth?

I’m not gay, but for the right price, I would be willing to give it a shot! Just saying … everything has a price!

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

Aye lad, it nay matter what you actually are.

Only how you identify, amirite Faren?

#idenditypolitics4ever

#120 Jesse on 02.24.21 at 10:18 am

Millennials getting married? Do they do that? Weird…

#121 Dominoes Lining Up on 02.24.21 at 10:19 am

“In an ominous sign, Home Depot declined to give any guidance for 2021. Its shares fell 3% on the news.”

https://www.cnn.com/2021/02/24/investing/home-depot-lowes-earnings-housing/index.html

Red flags are being waved now in the USA about the possible end of a COVID housing bubble, including an influx of cash into home renovations.

If the tide turns there first, how long will Canadians be willing to tell themselves “it’s different here – it still is, since 2008”?

#122 Ballingsford on 02.24.21 at 10:19 am

What does Tim invest in exactly that he now has $113,000 in his TFSA already when the contribution limit is now $75,500. He’s getting good returns.

#123 HarmlessOpinion on 02.24.21 at 10:20 am

The MGTOW philosophy is elaborately laid out on the mgtow.com website, which summarises it as “a statement of self-ownership, where the modern man preserves and protects his own sovereignty above all else”. Drawing on snippets of quotes and newspaper clippings, the site claims that MGTOW dates back to great men, including Schopenhauer, Beethoven, Galileo and “even Jesus Christ”.

Women are essentially portrayed as parasites riding on the coattails of men, who have, throughout history, been responsible for “far greater miracles of science, discovery and human endeavour”. By shaking women off, it is explained, men will be free to pursue ever higher achievements.

“I love this! I feel like I found the secret to the universe,” a user comments in mgtow.com’s testimonials section. Another writes that his city has become so “ultra-feminised” that things are “mind-blowingly bad for men here, especially straight white men”.

Elsewhere, philosophy and opinion are mixed with a heavy dose of often deeply misogynistic advice, such as this from the FAQs section of a different MGTOW website: “My girlfriend is pregnant. What do I do?” “Whatever you do, do NOT invite her into the hot tub with champagne to ‘celebrate’. This can cause a miscarriage and she could lose the baby! Repeat: You should not under any circumstances do that … as quickly as possible.”

https://www.irishtimes.com/life-and-style/the-rise-of-a-toxic-male-separatist-movement-who-hate-women-1.4339250

#124 Sail Away on 02.24.21 at 10:48 am

For Gravy Train:

I mentioned before I’m keen on trying a Tesla solar roof and powerwall. This may be the year since our current roof is nearly due for replacement. Will keep you posted.

#125 Don Guillermo on 02.24.21 at 10:48 am

#78 Nonplused on 02.23.21 at 7:59 pm
#36 Faron on 02.23.21 at 5:24 pm

Most of the mgtow’s I know are recently divorced men who were shocked, shocked I say, at how they were treated by the courts during divorce. They seem to grow out of it after the alimony and child support payments end.

And even the founder of Wikipedia says it can’t be trusted for anything political anymore. There is an ideological war going on between the editors and all pretext that articles are “unbiased” is gone. It’s like CNN and Fox news get to co-edit an article and they can rewrite it as many times as they like.
**************************************
Oh my, if we can’t trust Wikipedia where to go. Maybe the University of Facebook?

#126 Damifino on 02.24.21 at 11:08 am

#117 Dharma Bum

If you’re not willing to completely merge your finances and assets (joint ownership of everything, joint accounts where possible), then you’re NOT ready to get married. Marriage = ONE UNIT. If that’s scary, then don’t marry.
————————————

Then how come my wife gets way more closet space than I do? My friends say this is normal and I should accept it. And I do. But hey… just saying… it isn’t all even-steven.

#127 Love_The_Cottage on 02.24.21 at 11:16 am

#122 Ballingsford on 02.24.21 at 10:19 am
What does Tim invest in exactly that he now has $113,000 in his TFSA already when the contribution limit is now $75,500. He’s getting good returns.
___________
Average returns actually. The TFSA should hold a more aggressive portion of the balanced portfolio so $113K at this point is fine but nothing special.

#128 IHCTD9 on 02.24.21 at 11:58 am

#115 MGTOW on 02.24.21 at 9:12 am

MGTOW is misunderstood. For many they are happy with feminism as it has equally freed men from the typical burdens of running society and expectations of supporting families so they can follow their own interests.
________________________

Feminism has been a strange trip. From climbing the corporate ladder, to leftist extremism. From competing with Men in the job market, to competing with Men in Women’s sports. From wife, mom, and homemaker, to single motherhood and government benefits. From “Hear me roar”, to workplace burn out and sick leaves.

Probably not what the OG Feminists envisioned.

Western Women were probably at their zenith in the 40’s-60’s. Never before or since, have they wielded so much power. For a short while, the only force able to affect the single most concentrated and singular power the world has ever seen – was pressed solely by Women.

Today, instead of just nurturing and managing a household, they have to do the whole society. Most studies find Western Women aren’t very happy these days.

As for Men, yes they are on easy street for now, but I don’t think it’s going to stay that way. I subscribe to the “iron sharpens iron” idea that Men in a society organically support, improve, and police each other. This ain’t happening anymore. Maybe in some sports. From here, Men, and therefore the society they live in will become weak – it’s all downhill from there.

#129 Dr V on 02.24.21 at 12:02 pm

And all is well…in the garden……

https://ca.finance.yahoo.com/news/royal-bank-beats-estimates-record-111850882.html

#130 Dr V on 02.24.21 at 12:06 pm

A refresher

https://www.youtube.com/watch?v=TYeVQzTVyLk&ab_channel=KurtHarden

#131 Gravy Train on 02.24.21 at 12:06 pm

#124 Sail Away on 02.24.21 at 10:48 am
“For Gravy Train: I mentioned before I’m keen on trying a Tesla solar roof and powerwall. This may be the year since our current roof is nearly due for replacement. Will keep you posted.” Good job, man! I’m glad you’re able to do the math. It’s really not that hard. Maybe you could teach the math to Nonplused; he listens to you. :P

#132 Faron on 02.24.21 at 12:42 pm

#112 crowdedelevatorfartz on 02.24.21 at 8:17 am

@#101 Sail Away

+++

Good one but I think you just ripped Faron (rhymes with Karen) from his safe space.
Prepare for the easily offended wailing.

It would wail if a) it was offensive and b) it wasn’t funny and c) I didn’t suffer from the same problem.

#128 IHCTD9 on 02.24.21 at 11:58 am
#115 MGTOW on 02.24.21 at 9:12 am

Women were able to stop nuclear war? Wow, why did we bother with the whole US/Russia stand-off for all those years?

Anyhow, cute story. This in particular (emphasis mine):

Today, instead of just nurturing and managing a household, they have to do the whole society.

Ha! Yes, that would be a problem, wouldn’t it?

#133 Faron on 02.24.21 at 12:56 pm

#118 Sail Away on 02.24.21 at 10:01 am

The US is around 70-80% Covid immune now: 25% vaxxed, 10% recorded as recovered and probably, in actuality, 5x that.

Expect full US boom. Invest accordingly.

Yeah, things are looking good although there’s still potential for weakness this week and again in April into May.

Dig up a chart on correlation of sectors with rates and use it if you have a large enough portfolio to chase sectors. Look at the price of LQD. As that drops, it indicates the price of debt going up. The heavily indebted will underperform as ZIRP is left behind.

#134 Dr V on 02.24.21 at 1:08 pm

131 gravy – I don’t want to re-start the exchange you and nonplused had, but may I have a refresher for the
set-up you have? in particular, is there on-site battery
storage which you run on when the renewables are not
producing enough, or does the excess energy you
produce all go back to the grid?

A comment in the link below is what I am trying to confirm. Thanks.

https://www.treehugger.com/problem-net-zero-grid-not-bank-4856628

“”Net zero metering was/is a good way to get solar started. It is not a viable long term solution. A future with near 100% solar, wind, etc. is going to require both short term and long term storage. Short term can be batteries in home on the grid, but long term is going to required utility grade storage – which means Hydrogen and of course ways to use the Hydrogen efficiently.

I have a 14KW system on a 100% electric super insulated home in Western NY. On an annual basis this system produces more power than I use by several MWh and should cover me when I buy an electric car. However there are great variances day to day and month to month. Day to day I can go from 20KWh to 95KWh of production month to month I can go from over 2MWh to under 0.75MWh. This works find because so few people do what I do that the utility can handle it. However if everyone or many people did what I do storage both short and long term would have to come into the picture if we really wanted to maximize it’s use.”

#135 Bill on 02.24.21 at 1:15 pm

I agree on dumping mutual funds MER grab. I havent owned them in 15 years.
I think housing is cooling from this nut show.
Not a good time to be buying a shed imho.
2009 was and easy call and last March was poised for a hurting correction.
Remeber the big picture. Dont get caught up in day to day noise and hype. Its bad for your health.
Read and heed. Socks and other Govs are setting us up for this below. I have no doubt. Keep some powder dry. Time to dig out some stumps have a wonderful day.

For years we have been warning that after decades of global fiscal mismanagement, most countries (including cities and states/provinces) have accumulated debts to levels that can never be paid back. It didn’t matter which political party was in office, none of them could resist the thirst of power, resulting in decisions that morphed from benefiting the people, to decisions that benefited those in power. Power and corruption have plagued mankind from the beginning. We are now fast approaching the point where the rubber hits the road, and all of this greed for political power and corruption will result in a global Sovereign Debt Crisis.

“The ramifications of this coming crisis are immense, and the unfortunate thing is that most people have no idea of what is coming, and have no investment strategy to survive this coming economic tsunami.”

#136 Sail Away on 02.24.21 at 1:20 pm

#132 Faron on 02.24.21 at 12:42 pm

It would wail if a) it was offensive and b) it wasn’t funny and c) I didn’t suffer from the same problem.

————

:-)

#137 Don Guillermo on 02.24.21 at 1:44 pm

crowdedelevatorfartz on 02.24.21 at 8:14 am
@#75 OpinionorHate?

Since I had to look up the acronym mgtow ( and I cant keep up with all the acronyms)
I vote opinion.
††********************””††
I’m pretty sure most of the new mgtow experts, including myself, had to google it. Hence all the wikipedia convo.

#138 Moh on 02.24.21 at 1:55 pm

Update about a New Subdivision in Brampton. Semi Purchased 2 years ago for 350k less than it is worth today. Half of the neighborhood is full of people buying assignment sale home due to the initial purchaser cashing in on the gains. Just talked to three people on my street. The other half is empty vacant homes who are owned by some rich person somewhere.

#139 Sara on 02.24.21 at 2:11 pm

#112 crowdedelevatorfartz on 02.24.21 at 8:17 am
@#101 Sail Away
“Personally, I’ve always been handsome, but it wasn’t until the army launched my newly muscular physique back onto the dating scene that I became female catnip. The next several years were hard, very hard, but to maintain the reputation of men everywhere, I buckled down and did my duty. It is said that hard work is its own reward.”

+++

“Good one but I think you just ripped Faron (rhymes with Karen) from his safe space.
Prepare for the easily offended wailing.”

———————————————-
#132 Faron on 02.24.21 at 12:42 pm

“It would wail if a) it was offensive and b) it wasn’t funny and c) I didn’t suffer from the same problem.”

—————————————-
CEF, like most MGTOW supporters, is not capable of having a happy partnership, so pretends he is single because he *chooses* to be. Eventually he will end up all alone in a long-term care home with no family to care about him. No doubt he will be a real treat for the PSWs(mostly women) – hopefully they don’t abuse him.

#140 Frank Miller on 02.24.21 at 2:38 pm

Garth, year in and year out I talk to someone at the CIPF and ask when they are going to increase the CIPF coverage which has not been done since 1999.

They pushed it up from $500,000 to $1,000,000 back in 1999 and now with almost 22 years of inflation, it is still stuck at $1,000,000 CIPF coverage for joint, single cash,margin accounts combined.

Even at historical 2.5% inflation year by year over the last 22 years it is 72% devalued to $580,864 of CIPF real, adjusted inflation dollars today. This 2.5% is the bare minimum as we all know with high inflated hydro, energy, electricity costs, much higher taxes, much higher out of control real estate prices, food prices, medical, healthcare costs etc., 2.5% average yearly inflation is not the real world for most Canadian but just a statistic.

By going with the 2.5% over 22 years compounded 72% total, CIPF should be $1,720,000 this year to reflect the true, real inflation adjusted coverage to match $1,000,000 CIPF coverage back in 1999.

CDIC is another one which is still stuck at $100,000 since 2005 the last time it was increased from $60,000 to $100,000 which is 16 years plus now. CDIC coverage should be increased to $150,000 at minimum from $100,000 right away. It is ridiculous that CIPF and CDIC coverage did not do any increase, anything for many years ago. I don’t want to hear as an excuse the world pandemic, corona virus has to do with the reason why this happened about CIPF, CDIC. It has nothing to do with this. It is not related at all.

#141 enthalpy on 02.24.21 at 3:52 pm

The only people who misunderstand mgtow are those believing the likes of the C B C making up b s links between the alt-right, 4 c h a n and i n c e l s.
You completely miss the point and thankfully for you, have probably not had your a55 handed to you during a separation.

Granted, I think many choose to “reengage” in the game once time passes. But for many its a much needed time for them to concentrate on themselves after going through some grief.

#142 Sarah on 02.24.21 at 4:49 pm

Garth, how does 2 million gives them 130k year? Isn’t the percentage drawdown 4 percent or are you using a different formula?

Invest the money, don’t draw it down. Pulling at least 6% would be completely in line with historic norms of performance for a balanced account. – Garth

#143 maxx on 02.24.21 at 7:25 pm

@ #85

….or when you have a truly excellent lawyer. ;-)

#144 David Paquette on 02.25.21 at 12:15 pm

I am looking at gold again. The gold companies I hold also produce lots of copper. The only pure gold play I have is Centamin PLC. The history remains to be written.

Tough times recently…

Still I am trying to find companies to invest. I am starting to foray into the US market – hate the exchange fee plus the having a fee for American money. I think the exchange rate is favorable. I could die on this sword. Latest purchase – lumn. I will let you know how it goes but the odds are against me. Somehow I survive, courage is to be respected but not stupid.

#145 Sail Away on 02.25.21 at 1:01 pm

#144 David Paquette on 02.25.21 at 12:15 pm

Tough times recently…

Still I am trying to find companies to invest. I am starting to foray into the US market – hate the exchange fee plus the having a fee for American money.

————

Never, ever pay exchange fees. Use Norbert’s gambit, and/or buy interlisted stocks.