The big suck

Okay, go check your latest RRSP statement. If you see these three letters – DSC – written after the name of a security some dude sold you, you’re in jail. It’s the Mutual Fund Prison, designed to prevent people from doing what they should – which is breaking out.

Once upon a time mutuals were new, innovative and a whole lot better than trying to pick a few stocks based on your crazy BIL’s hot tips. Fund companies created these assets which allowed retail investors to have a broad (and useful) diversification, and also benefit from the skill and experience of a fund manager. It was his/her job to buy/sell assets and make you money. But in return for doing that they also needed a nice house, a cottage and a Porsche. So funds came with big fees – especially when they held assets like stocks (as opposed to, say, bonds).

Mutual funds swept the industry in the Eighties, Nineties & Aughts with companies like Investor’s Group growing fat on the spoils. During those years of high inflation, economic growth and robust markets, the funds gave good returns, so investing shmucks hardly noticed the 2% or 3% MERs (fees are disguised under the term ‘management expense ratios’). But people did notice the upfront charges also paid to the fund salesguy (disguised as an ‘advisor’), and balked. So the industry came up with a ‘back load’ solution. Yup, the DSC.

The ‘deferred sales charge’ revolutionized things for the fund companies for two big reasons. First, by removing the upfront charge and burying the MER this made the investment look like it was almost free. Second, by creating a back-end charge no investor would be happy paying, which lasted seven years, it locked people into funds even when they were pooches and deserved dumping.

Here’s a typical DSC schedule. Take a gander at the giant money-suck for exiting in the first year or three. Ouch…

Now it’s worth understanding how much is involved here, and who the DSC victims typically are. The Mutual Funds Dealers Association is made up of fund companies plus advisors licensed to sell those assets, and currently oversees $700 billion in client funds. Over 9,000,000 households have mutual funds (more than half the country) and it’s estimated a quarter of this money is DSC. Most alarming is this: 83% of these households, the MFDA admits, have less than $100,000 in financial assets.

That suggests victimization. The people with the least are paying the most. Salespeople who traditionally flog high-cost mutual funds and are paid by trailer fees or front-end charges are in an inherent conflict of interest position. Did they recommend a fund purchase because it was the right choice for a low-net-worth household, or because they get a hefty fee? Then imagine the worry and stress of people discovering they can’t quit a fund because it disappointed or they simply need the money – without paying an outrageous DSC. Is this predatory? Do we wonder why so many people distrust the financial business?

Well, maybe you heard the good news Friday. The Ontario Securities Commish has finally relented and will ban deferred sales chares on all new fund sales – but not for a year. The OSC was a holdout after other Canadian regulators suggested two years ago that these blood-sucking charges be offed. But, better late than never. Now it’s national.

The change will give more transparency to the industry. Investors will gain more flexibility. Sales people masquerading as financial experts will have to find a more honest way of making a living. Become realtors? It’s just a shame this is a year away and that all existing DSCs won’t be nuked.

By the way, not all funds come with this structure. Some are low-fee and some pay advisors nothing – but most mutuals aren’t cheap. Read the prospectus. Better yet, buy ETFs.

Exchange-traded funds have two big advantages: they trade on the markets (like stocks) and can be bought or sold with the click of a mouse. More liquidity means more security. Second, they’re incredibly cheap. And getting cheaper. Embedded fees are miniscule compared to mutual funds, often less than one-tenth of one percent. That’s because most ETFs don’t have suspender-snapping 911-driving portfolio managers, but operate as passive index funds. The good news is that 90% of managers don’t beat the market, anyway.

So what does a good advisor do?

Sell you nothing. Take not a nickel in commission – from any asset, fund company, insurance provider nor any other third-party. Rather this person should build a low-cost, liquid and  balanced portfolio of the right combo of ETFs, guide you in avoiding (not evading) taxes, ensure a good mix between real estate, retirement funds, kids’ resources, mad money and help you craft a long-term strategy for financial security. A holistic approach. For that you pay a small monthly fee. Often tax-deductible. No back-end charges. No imprisonment. No conflict. And, no, [email protected] doesn’t do this. Nor do robos. And Investors Group is gone. Now it’s IG Wealth Management.

But we know.

About the picture: “Thanks for your blog. I am a financially clueless individual who loves and is dedicated to reading your blog,” says Sandrine. “I think you had me at “dog.” Raised by back-to-the-landers on a tiny island (Lasqueti) in the straight of Georgia I learned the way of nature, but my understanding of money and investments? Laughable! Thank you for keeping it fun, however I still haven’t invested in ETFs. I need help, Obviously! The good news is that I still have a job and a pension. ICU nurse. Bitter sweet. Here is our old girl, Molly Bloom, at 14 years and at 4 months. How can you not love that face! Sadly, She passed away in March. We are gutted.”

145 comments ↓

#1 -=withwings=- on 05.10.21 at 12:41 pm

Learned of DSC the hard way, but was worth it to go on my own. They are short sighted. They target younger/poorer folks w/o understanding that those are the same people (hello) that 20 years later will be targeted by your direct mail and cold call campaign(s). You really think I am going to go back to you CIBC Wood Gundy when you stole from me? Nope. Stop calling!

#2 Habitt on 05.10.21 at 12:47 pm

Great read. Thanks for the information Mr Turner.

#3 Parksville Prankster on 05.10.21 at 12:50 pm

For many Canadians who have been burned in the past, the ‘Financial Services’ industry is a shallow plastic money trench, where pimps and thieves run free, and good men die like dogs.

And you come here to tell me that? – Garth

#4 zxcvbnm on 05.10.21 at 12:54 pm

I was allowed a gander at my folk’s investment accounts. It was a list about 30 funds long, all with “DSC” in their title.
I’m pretty sure their “advisor” was just selling them whatever made them the most bonus that quarter. I told them this and they got upset at me.
It’s sad. They both worked very hard their entire lives and their “investments” probably didn’t outpace a savings account. Downright criminal these mutual fund salespeople are. Shame!

#5 BlogDog123 on 05.10.21 at 12:56 pm

MoneySense magazine referred to IG as “A well-known Winnipeg based investment company” in an article about DSCs and the hapless couple locked into these high fee funds…

I think the editors did not want to get sued by IG when explaining how crappy IG’s products are/were.

#6 tbone on 05.10.21 at 12:59 pm

Can you not move money around within the same fund family ” in kind ” and not trigger any fees ?

#7 Faron on 05.10.21 at 1:05 pm

#131 Nonplused on 05.10.21 at 12:48 am

… some warming has been observed on the order of a half a degree or so maybe 1 degree. But nothing outside the last 100 years of observable data

…Nobody stops to think we need millions more of these things and then they only last 20 years.

Nonplused, you are demonstrably wrong here which is why I attack you and why no one can take you seriously. If you can’t engage with the facts at hand you are left to be a blog commenting punter while the adults work out our world’s problems. Enjoy the sidelines.

It’s not unlike being an investing bear like myself. I’m right some times and eke out gains, but overall the market is on a one way ride to space and I can choose to see the full breadth of facts that indicate that or just focus on the facts that uphold my view and be left in the dust. Nonplused, you are taking the latter path by ignoring actual science and actual engineering that do, and will continue to, prove you wrong.

#8 Red falcon on 05.10.21 at 1:11 pm

DSC charges are exactly that… a fee on the stupid and sheeple. And the more stupid they are, the more often they will be shaved and fleeced. Certainly deserving but one year from now, one less pair of scissors will come in for the fleecing but still… let’s see if the industry will find other ways to hoove the bejesus from the sheeple.

#9 Guelph Guru on 05.10.21 at 1:13 pm

Have been burned with DSC in the past.

Only ETFs for me and an occasional stock. Wish I had read this post 8 years ago.

Tx Garth. You have saved a lot of investors with this post.

#10 MalcolmM on 05.10.21 at 1:19 pm

I also got sucked in by the DSC trap investing in the late 90’s. I knew about the DSC I would have to pay if I removed my funds, what I didn’t know about was investing money directly in the stock market with a discount broker. After a couple of years watching my mutual funds underperform the broader market I took the huge hit and payed the DSC and started investing directly in stocks. I haven’t regretted my decision.

#11 ogdoad on 05.10.21 at 1:22 pm

Welcome to another edition of CCP – Canada’s Crappy People:

Today, Who not to trust. Regardless of their nice smiles, fake empathy, cleft chins and curves (or lumberjack shirts)

1) Anybody at a car dealership….ANYBODY!
2) Realtors – should be obvious
3) Dentists. Just floss and you’ll be fine. You are NOT a movie star. Get over it!
4) Lawyers. Just ask one how their weekend was and you’ll go home without pants.
5)[email protected] – May look like Tweety’s grandma but her morals were left at the door upon entry.
6) Anybody who says ‘its only money’. They’re hiding something.

That should do it!

Og

#12 Yuus bin Haad on 05.10.21 at 1:22 pm

I find myself jumping straight to “About the picture” and then forgetting to go back to read the post. Have I been missing anything?

#13 TurnerNation on 05.10.21 at 1:25 pm

Goodbye Tourism Industry. Apparently a photo of the concrete Berlin Wall roadblock in NS, one of one three roads out. (Hint the East side of the wall is always the poor side)

https://twitter.com/rightofeast/status/1391059820824965121

–Also in NS. How our rulers mock us.

.Small business owners fear for business survival (atlantic.ctvnews.ca)

——–
–Once again, in this New System you have no right to exist as a healthy person.
Not my words it comes straight from a Provincial health dept: “asymptomatic residents will be cleared”…umm that means healthy?

https://gov.nu.ca/health/information/travel-and-isolation
Prior to boarding a plane into the territory, residents will undergo a mandatory 14-day isolation period in either Ottawa, Winnipeg, Edmonton or Yellowknife. At the end of the 14 days, asymptomatic residents will be cleared and provided a letter signed by the Chief Public Health Officer allowing them to return to their home community.

…….
……
Yup control over our Travel/Movement is the plan.

“A new bill in the New York State Senate could raise gas prices another 55 cents per gallon, according to the Albany Times Union. The Climate and Community Investment Act would also raise home heating costs 26% as part of an effort to meet state green energy goals and combat climate change.”

#14 Steveston on 05.10.21 at 1:43 pm

Someone please tell me what [email protected] means. I get that tb means the bank.

#15 earthboundnmisfit on 05.10.21 at 1:57 pm

And you come here to tell me that? – Garth

Present company excluded. Your public service (yes, I voted for you), your blog, including the dispensing of free advice, and your financial education and encouragement to DIYers, is your “Get out of Hell, Free” card.

#16 Dolce Vita on 05.10.21 at 2:03 pm

Off topic.

Good Canada vax jab and supply stats – Phoenix rising from the ashes vs. prior 2 weeks.

Vaxing back on track & Sat vaxing making a difference:

https://i.imgur.com/ZLXT6wL.png

Gov Canada over delivers May 3-9 still has to make a bit of ground from prior week projections:

Supply Projected = 2M doses
Received = 3.2M, +160%
Surplus = 1.2M
Surplus ALMOST makes up for prior 2 weeks 1.5M shortfall vs projections.
May 6: 87% of vax received is from the EU.

Unused = 2.1M

Last 7 day jab average = 300K doses/day. About 16M jabs to date. 2 jabs. 32M Beavers vax’d by:

Oct 16, 2020

Herd immunity 2020 dates at:

70% Aug 29
75% Sep 6
80% Sep 14

If instead from today onwards all J&J single jab, 32M Beaves done by:

Jul 1, 2020

——————-

A good day for Canada yesterday.

Better if it were all J&J instead – it’d be over by Canada Day.

Now wouldn’t that be something.

PS:

After that come to the EU on vacation, spend some money, soundproof your luggage wheels and show some gratitude to who has been carrying your sorry Vax buttocks up until now.

And please, don’t swim in Italian centuries old fountains…that’s what France is for.

#17 tbone on 05.10.21 at 2:04 pm

# 13 Steveston

its … the nice lady at the bank … that will take a good portion of your investment gains if you buy mutual funds from her with their high management expense fees .

#18 Carla on 05.10.21 at 2:06 pm

[email protected] means “the nice lady at the bank.” :)

#19 DON on 05.10.21 at 2:15 pm

tnl means the nice lady at the bank.

#20 Dolce Vita on 05.10.21 at 2:28 pm

Off topic, again.

Been watching, reading the Cdn MSM and seems other than the odd drib and drab of information about the overall Cdn picture in terms of Covid infections, hospitalizations, ICU and who’s dying now is all you get.

The past month I’ve been keep track from the Gov Canada Epi page since they don’t keep older data for later perusal.

Week over week Increases/Decreases for the past 2-4 weeks follows.

The Young are getting infected by far:
https://i.imgur.com/fChCbgJ.png

Hospitalizations way up in the past week from a very down prior week:
https://i.imgur.com/7uZBC41.png

ICU little change in the past 2 weeks:
https://i.imgur.com/9okzMaw.png

And it’s still the old dying – just started keeping track of this:
https://i.imgur.com/3YN44ep.png

Infer what you want.

Did it because you cannot get an overall and accurate picture in time from Gov or the MSM about what’s happening in Canada. Well there it is.

PS:

Also keeping track to determine when VAXING starting to make a difference in Canada overall.

Again, infer what you want.

#21 Ponzius Pilatus on 05.10.21 at 2:30 pm

Company pension plans are mostly Mutuals, are they not?
Is there a way to change that?

#22 S.Bby on 05.10.21 at 2:31 pm

Renter’s revenge ?

https://bc.ctvnews.ca/east-vancouver-home-repainted-after-tenants-cover-its-exterior-with-graffiti-1.5421328

#23 Guy in Calgary on 05.10.21 at 2:32 pm

IG Wealth Management is actually pretty decent now but only worth it if you are loaded.

Self-directed is great but as we know, people can be their own worst enemies.

At the end of the day, go with the option that will make you successful.

#24 Ponzius Pilatus on 05.10.21 at 2:33 pm

My [email protected] is an attractive Millenial.
When she looks at me with her sweet eyes, I give up and sign anything.

#25 Ballingsford on 05.10.21 at 2:37 pm

Spouse has her matching RRSP through her employer with IG Wealth Management. I think she’s stuck in that situation. Should she transfer some it once in a while into a low Mer ETF trading platform, and would that help reduce the IG Mers? For example, every time she reaches $5000, Transfer it from IG?

#26 Classical Liberal Millennial on 05.10.21 at 2:39 pm

Anyone familiar with IA Private Wealth? I have my kids’ RESP and an RDSP for our youngest who has special needs with them. I’m worried about how high their MER is now.

#27 Faron on 05.10.21 at 2:40 pm

@Nonplused

https://twitter.com/jimfarley98/status/1391785147410825221

I bet this thing is fun to drive, you have to admit that at least.

#28 Humbled ◇ Broke on 05.10.21 at 2:42 pm

Canada is the most corrupt “white shoe boy” regime in the world. Our great national conciet is that we’re always the nice guys on the room. Gotta call collosal bovine scat on that one.

These OSC greed baboons have been stealing candy from ” mom and pop” babies since “Con” federation with emphasis on the con. The Ontario racketeering society also euphemistically known as the OSC is the worst in providing any kind of protection for the investing neophytes. They always side with the crooks. I guess that makes them crooks too.

At least in BC we come by our theft honestly as our stock market has been awarded the “boiler room of the year award” every year arning for decades by several international vetting bodies, and we knowingly import our political gangsters from theothe jurisdictions, because, well you know we only hire the best gangsters. That’s why we are having a provincial corruption hearing right now with no media coverage at all. Christy Clark’s gang will get off with a pension boost for their pre-covid larceny.

I smell the beginning vapors of a revolution, and methinks the Gubimmint Boys is the first to be lite up.

#29 Ustabe on 05.10.21 at 2:45 pm

@ #13 Steveston. [email protected] stands for The Nice Lady @ The Bank.

I recall way back when Investors Group was Investors Syndicate. I actually was in a bar when the former door to door Encyclopedia Britannica salesman tried to peddle a MAP to me. Money Accumulation Plan. At the time my credit union was offering CDs at 18%. The MAP returned 4% if memory holds.

Briefly returning to comments from yesterday….since the 40s and 50s when these stats began to be tracked the entirety of the lgbtq+ community has bounced around 4% of the total North American population. Up a titch, down a bit but decade after decade over 75+ years close enough to call it 4%.

Of that 4% the T component is vanishingly small. Your chances of encountering a trans person is as close to zero as is possible. Ditto for your kids in school.

Yet there are those who would make it big news, a kefuffle if you will. All they are doing is abetting those who desire this type of publicity (on either side of the thing) while marginalizing those very few who actually have gender dysphoria. And need/want medical treatment, counseling, whatever.

Thanks for reading.

#30 Candid Camera on 05.10.21 at 2:56 pm

DELETED

#31 Bezengy on 05.10.21 at 3:02 pm

So what does a good advisor do?

————————

It would seem to me the majority of work a good advisor would do once the initial portfolio is setup would be on the tax avoidance and estate planning side of things. That’s where I see the majority of big mistakes being made. I can’t see [email protected] being knowledgeable in the overall management of a person’s finances. Probably would do more harm then good actually.

#32 VladTor on 05.10.21 at 3:07 pm

Garth: ….It was his/her job to buy/sell assets and make you money. But in return for doing that they also needed a nice house, a cottage and a Porsche.

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

Applause turning into a standing ovation !

I closed my account in Mutual fund after 3 years and now I understand why I paid so much. Thank you Garth!

Her is couple old links for whom is interesting:
https://www.moneysense.ca/save/investing/sell-mutual-funds-dsc-charges/

https://www.moneysense.ca/save/investing/mutual-funds/should-you-buy-dsc-mutual-funds/

#33 Ballingsford on 05.10.21 at 3:09 pm

#24 Classical Liberal Millennial on 05.10.21 at 2:39 pm
Anyone familiar with IA Private Wealth? I have my kids’ RESP and an RDSP for our youngest who has special needs with them. I’m worried about how high their MER is now.
********
You should be able to see it on one of the reports they send you, near the end.
Seems like that is one of those RESP companies that you see at Baby Fairs and Garth always says to avoid those. You likely owe them money.

#34 Don Guillermo on 05.10.21 at 3:11 pm

#25 Faron on 05.10.21 at 2:40 pm
@Nonplused

https://twitter.com/jimfarley98/status/1391785147410825221

I bet this thing is fun to drive, you have to admit that at least
*************************************
A cute little black girl promoting EV’s. How sweet.

There isn’t a woke/PC parade out there that Faron won’t run to get in front of. He calls it “free thinking”.

#35 Dolce Vita on 05.10.21 at 3:15 pm

About the Mutuals Garth, good info as always.

Held them from the early 80’s to late 80’s but mostly vested in 5 yr GIC’s to mid 90’s that were no brainer investments* at the time, 7-15%. Late 80’s not happy about the Mutual fees and did the self-investing thing after that when GIC rates started to drop.

Market on my own instead of Mutuals, GICs using a well respected broker for the times.

Glad for it.

Even happier when I could do it all on my own thru TD WebBroker (went with them near when they first came out and were then getting awards for best in the biz online) and yes much later, mostly ETFs for diversification, cheap fees and lower risk.

If you had told me in the mid 80s I could do what I do now in 15 seconds with a Sell or Buy order with everything kept track of for you I would have laughed at you and pulled out my stack of statements and numerous call logs to my broker and said:

“Ya, right Star Trek” and started humming The Twilight Zone theme song and ended with “Submitted for your Approval…”.

How times have changed, again glad for it AND the GOOD advice you keep giving on this Blog.

You make it easy Garth.

—————

*https://www.ratehub.ca/blog/the-history-of-gic-rates/?latitude=45.645824&longitude=11.780096

#36 Adele on 05.10.21 at 3:16 pm

Garth, may be time for another column on how to fill out forms with your financial institution. Of course, the CBC got it wrong. Although apparently the deceased was a banker which makes one think.

https://www.cbc.ca/news/canada/nova-scotia/registered-retirement-savings-plan-beneficiary-protection-1.6016345

#37 ElGatoNerodeYVR on 05.10.21 at 3:19 pm

#19 Ponzius Pilatus on 05.10.21 at 2:30 pm
Company pension plans are mostly Mutuals, are they not?
Is there a way to change that?
=======
Even worse .Majority of them are segregated funds and they are straight up repackaged funds from Blackrock with higher fees.It is a total rip-off.
You cannot really change it unless you stop working there and you can move to to a self directed LIRA,Locked in RRSP or however the province refers to it. They are either under provincial or national jurisdiction, must ask your fund manager . Once you declare retirement generally speaking you can transfer hal into a regular RrSP ,while the other half must be converted into a LIF. This is the very high level on it ,I am sure Garth can write a whole article on it.

#38 Humbled ◇ Broke on 05.10.21 at 3:22 pm

I know this is not a vax site, but the slimy bug is indescriminantly affecting our financial portfolios.

This site has done a yoeman’s task in educating those willing to learn about risk investing the great frozen north. This blog is often enlightening, occasionally infuriating, but never dull.

My question is this:

” The India Health Ministry (Delhi) has just announced today that the India Covid variant is a super-spreader, and has escaped immune protection from current vaccines offered. Only the Pfizer version has a very, very, low effect in some, to no effect if diabetic or obese. They have classed
the India Covid virus as of global concen today, as has the WHO. Since May, the India covid variant is now endemic in Vancouver due to the large South Asian population and large number of recent flights in inbound and had many India variant covid active patients land. Flights were stopped but too late, the India covid bug is now here. The vacine resistant India varient is now in Western Canada, because once again T2 was late in stopping international flights despite earlier warnings. Quarantine after flight arrivals were not rigidly enforced , so once again we are at covid ground zero.

As current vaccines are now lneffective due to new untreatable variants, what effects on Canada real estate occur – as we go into year 2 – and then possibly year 3 of lockdowns with high hospitalization rates ? Can we nationally even economically survive this?

Any brave futurists or forecasters wanna take a punt on this one?

How do you financially plan for a long term shut down with this new reality?

#39 Ponzius Pilatus on 05.10.21 at 3:24 pm

Re: Pipeline hack
Apparently the pipeline is 5,500 miles long.
Pretty stupid to keep building these monsters, when renewals can deliver the good right in your backyard.
Try hacking the solar panels on my roof.

#40 ElGatoNerodeYVR on 05.10.21 at 3:24 pm

#24 Classical Liberal Millennial on 05.10.21 at 2:39 pm
Anyone familiar with IA Private Wealth? I have my kids’ RESP and an RDSP for our youngest who has special needs with them. I’m worried about how high their MER is now
======
Yup, run if you can. One of the most unfriendly ,confusing investing platforms . Hope you have a good advisor and you watch him and the trading volume in your account like a hawk.

#41 Faron on 05.10.21 at 3:24 pm

#32 Don Guillermo on 05.10.21 at 3:11 pm

#25 Faron on 05.10.21 at 2:40 pm

He calls it “free thinking”.

Reread that comment. I was stating that those piling onto the anti-trans rights bandwagon are no more capable of “free thinking” as I am.

I’m happy to lump your noting the race of the narrator as your adherence to your bubble. You didn’t notice that she was put in front of the truck’s blazing headlights in a throwback to southern lynch mobs of yore to appeal to a certain subset.

Toodles.

#42 S.Bby on 05.10.21 at 3:32 pm

Lots of gang gunplay in the lower mainland lately:

https://www.citynews1130.com/2021/05/10/murder-charge-burnaby-shooting-bystander-injured/

#43 Don Guillermo on 05.10.21 at 3:39 pm

#39 Faron on 05.10.21 at 3:24 pm

Reread that comment. I was stating that those piling onto the anti-trans rights bandwagon are no more capable of “free thinking” as I am.

I’m happy to lump your noting the race of the narrator as your adherence to your bubble. You didn’t notice that she was put in front of the truck’s blazing headlights in a throwback to southern lynch mobs of yore to appeal to a certain subset.
**************************************
As I said.

“There isn’t a woke/PC parade out there that Faron won’t run to get in front of.”

#44 Faron on 05.10.21 at 3:45 pm

#43 Don Guillermo on 05.10.21 at 3:39 pm

I’ll take that as clearance to lump:

There isn’t a carbon intensive, regressive, nationalist and quasi racist parade that Don Guillermo and co. won’t get in front of.

#45 [email protected] on 05.10.21 at 3:50 pm

#18 Carla

[email protected] means “the nice lady at the bank.” :)

Recently I had a really well dressed gentleman, who clearly has a taste for other gentleman help me with my in-person transaction needs.

What I’m getting at is, [email protected] is sexist, and this blog needs to get woke to the fact that TNG or TNGG are also options @TB. Perhaps there is even others! What about [email protected]? I think it just needs to be [email protected] for neutrality. Person is a catch-all, right?

#46 BROCK on 05.10.21 at 3:51 pm

I used to work for one of the major banks and I can remember the attitude of, “what a sucker” every time we’d sell a mutual fund to a client. We were well aware that these naïve people- usually older or younger- were just feeding the bank coffers. The big 5 know perfectly well what they’re up to but given their political connections will never pay the price. A lot of corrupt individuals at the top I’ll tell you that.

#47 J on 05.10.21 at 4:06 pm

Saw this story today (not about mutual funds, but RRSP’s):

https://www.cbc.ca/news/canada/nova-scotia/registered-retirement-savings-plan-beneficiary-protection-1.6016345

I’ve seen Garth mention it before, but it’s worthwhile saying again. Ensure you have your desired beneficiary designated on your RRSP/TFSA. The folks in the article above did not, and it added substantial stress on top of an already difficult and stressful situation.

As far as DSC’s go, I was steered into these 25 years ago (never underestimate the brilliant exploitation of human psychology from sales and marketing professionals). I don’t know if their actions were predatory, but several years later I became a little more financially educated, and I felt that I had been taken advantage of. I realized that I made a dumb decision so part of the blame is on me, but I also did not feel that it was ok for financial institutions to be allowed to even offer this type of service.

Competition and the internet, both of which have improved transparency, are slowly opening the curtain on these dirty tricks.

#48 Classical Liberal Millennial on 05.10.21 at 4:09 pm

Yup, run if you can. One of the most unfriendly ,confusing investing platforms . Hope you have a good advisor and you watch him and the trading volume in your account like a hawk.

I just don’t have the time or knowledge to do that. It’s a $125/mo deposit into each investment. The total balance between the two is $20k. Anyone have any thoughts on where I should park it if I were to move it out of there??

#49 crowdedelevatorfartz on 05.10.21 at 4:30 pm

Ahhh yesss.
The High fee, low return, sales shysters that probably cost me 10’s of thousands over the past 30 years.
And once again the govt is slow to react.
Criminal and unforgivable.
Hopefully the Real Estate sales cartel is next …

#50 Don Guillermo on 05.10.21 at 4:45 pm

#44 Faron on 05.10.21 at 3:45 pm

There isn’t a carbon intensive, regressive, nationalist and quasi racist parade that Don Guillermo and co. won’t get in front of.
**************************************
So if you don’t follow the “woke” religion you’re a racist planet killer. Gotcha.

#51 Sail Away on 05.10.21 at 4:48 pm

#41 Faron on 05.10.21 at 3:24 pm

I was stating that those piling onto the anti-trans rights bandwagon are no more capable of “free thinking” as I am.

——–

Intellectually dishonest strawman as usual. Nobody wrote anything anti-trans.

Questioning whether trans people jacked full of steroids and/or biologically stronger should be allowed to compete with normal people is an entirely different, relevant and nondiscriminatory conversation.

Stop conflating. Of course, that’s like telling the sun to stop rising.

#52 Adele on 05.10.21 at 4:48 pm

Re: #47 J

As Garth’s faithful readers will know, “beneficiary” is not the right route to go. Should be “continuing annuitant”

#53 Vik on 05.10.21 at 4:52 pm

#11 ogdoad – Add the blue telco and its retail arm to the list.
https://www.cbc.ca/news/business/senior-alzheimers-upsold-bell-products-source-1.6014904

#54 Ponzius Pilatus on 05.10.21 at 4:55 pm

#148 Sail Away on 05.10.21 at 10:50 am
After self-identifying as an 11-year old, my 27yo cousin has been smoking the 12 & under Tae Kwon Do division.
————–
Seems lying and cheating runs in your family.

#55 BlogDog123 on 05.10.21 at 4:55 pm

#18 Carla

[email protected] means “the nice lady at the bank.” :)

Recently I had a really well dressed gentleman, who clearly has a taste for other gentleman help me with my in-person transaction needs.

What I’m getting at is, [email protected] is sexist, and this blog needs to get woke to the fact that TNG or TNGG are also options @TB. Perhaps there is even others! What about [email protected]? I think it just needs to be [email protected] for neutrality. Person is a catch-all, right?

===
No catch-alls. You need to get all the latest gender pronouns correct. Don’t offend the gender-offended community with using ‘Person’… Ask the prime-minister, he’s up on all the woke language and ‘peoplekind’ crap.

#56 Guy in Calgary on 05.10.21 at 5:06 pm

#52 Adele on 05.10.21 at 4:48 pm
Re: #47 J

As Garth’s faithful readers will know, “beneficiary” is not the right route to go. Should be “continuing annuitant”

—————————————————————–

I have worked at 3 large financial institutions and an independent. I have never seen “continuing annuitant” on any registered account application. Beneficiary and successor holder are it.

#57 Rinse and Repeat on 05.10.21 at 5:12 pm

Well, no mid-April peaks housing coming to fruition in my neck of the woods in South BC.

Still tons of city and out of province sellers descending on the market like locusts, bidding 100-300k over, effectively doubling the average selling price to $1 million from a few short years ago. The higher end homes have gone up 60% in less than a year to high 7 digits.

It is amazing that fear of a virus has driven people to the stix and boonies that they would never have considered, paying on par with city homes now, all for some green space in lieu of good schools, varied restaurants, amenities, and proximity to the commercial core.

Locals are already turning their backs on the new transplants, so that friendly and relaxed small town vibe is being replaced with the big city indifference to, and disgust of, the newbies. Child care is now non-existent for those families moving and hoping for a better life, and locals are being selected first. There are waitlists for private schools now as well and public ones are looking at being overcrowded, worse than the cities. Gee, a lot of people failed to do their due diligence before their panic move!

I know that everyone is holding out hope that the June 1st new stress test will someone moderate the hot conditions, but its a nothing burger like every single federal change over the last 10 years.

And wages are starting to inflate, which means come time to renew, those higher interest rates will not be a problem for mortgage holders! Onwards and upwards towards the complete elimination of the middle class and all the social joys of Brazil that it encompasses.

#58 Don Guillermo on 05.10.21 at 5:14 pm

#55 BlogDog123 on 05.10.21 at 4:55 pm
#18 Carla
===
No catch-alls. You need to get all the latest gender pronouns correct. Don’t offend the gender-offended community with using ‘Person’… Ask the prime-minister, he’s up on all the woke language and ‘peoplekind’ crap
*************************************
Faron’s probably easier to get a hold of and can really help us through these confusing woke times. I’m sure the PM’s way too busy.

#59 G on 05.10.21 at 5:16 pm

Some might have an Arora to see on the 11th. Link mentions time to look up. 8min YouTube.
Solar Filament Eruption/Earth Facing CME
https://www.youtube.com/watch?v=mKREVqRrAEU

#60 ElGatoNerodeYVR on 05.10.21 at 5:19 pm

#48 Classical Liberal Millennial on 05.10.21 at 4:09
I just don’t have the time or knowledge to do that. It’s a $125/mo deposit into each investment. The total balance between the two is $20k. Anyone have any thoughts on where I should park it if I were to move it out of there??
=========
Realistically you would have to find a brokerage you feel comfortable with. Ofcourse everyone would have a different take. If you look for simple than maybe Tangerine , for more options TD Investing or RBC Direct investing, again everyone and their dog has a platform they like (A
Cat is an empress so there will be people doing things for her, they might have a favorite person ) so..there’s more out there, though you will need to learn the difference between the series(I, D,E T…). You still need to allocate at least a few weekends to get it all set up and research the brokerage that works for you. A set and forget portfolio with no auto rebalancing option will underperform IMHO.
Standard disclaimer applies, I am not a professional and have limited ( to my personal experience) investment knowledge.

#61 Abc123 on 05.10.21 at 5:27 pm

Signs of inflation are everywhere . Best way to protect against inflation is too borrow money and buy stable assets and pay the debt off with depreciated dollars Period.

No need to tell anyone what the best asset to buy during times of inflation are.

Anyone here still squaking about a possible decline in RE prices needs to take a basic economics class.

#62 Ponzius Pilatus on 05.10.21 at 5:36 pm

#49 crowdedelevatorfartz on 05.10.21 at 4:30 pm
Ahhh yesss.
The High fee, low return, sales shysters that probably cost me 10’s of thousands over the past 30 years.
And once again the govt is slow to react.
Criminal and unforgivable.
Hopefully the Real Estate sales cartel is next …
—————-
A sucker born evey minute.
At least in your case, God led you to this pathetic blog.
Still many suckers out there in the wilderness, waiting for their burning bush encounter.
Criminal?
Always read the fine print.

#63 Faron on 05.10.21 at 5:43 pm

#51 Sail Away on 05.10.21 at 4:48 pm

Hardly bud. Or, at least, your 27y.o. cheater participating in a 12 and under comp is also a straw man as it’s a completely irrelevant and unrelated issue.

Cheaters gonna cheat. Assuming it is more than an occasional occurrence (it’s not) if someone is trying to compete as trans to win and you close that door on them then they will find another way to cheat. Cheaters gonna cheat. Look at Elon. By closing that door you have actually accomplished nothing to prevent cheating in sport. But, by closing that door (at the High School and below level where the US laws are before state houses) you’ve made it impossible for many kids to participate in sport just because they have gender dysphoria. That should not be disqualifying and is ethically dubious. Pointing at the rare occurrence of a trans athlete beating a cis gendered one is, in fact, a straw man.

This issue is in the news precisely because the right in the US (and here) is sucking it big time and needs a rallying point to get suburban parents to vote their way. From that point onward it’s pure manipulation and you “free thinkers” are all falling for it. I’d like to see anyone here debate that aspect — that politicians and their subservient media (Fox News and The National Post) are leading you by the ear here.

As I’ve said, the anti trans issue will win the GOP some votes and may find some traction in Canada among the Nonpluseds and Sail Aways and IHCTD9s and Don Guillermo’s out there. But, ultimately it will be crushed. Not because a pro-trans legislation stance is woke garbage, but because it’s actually a regressive and cruel way to treat people that deserves the dumpster. because being a jerk isn’t popular.

Best move to SD so you don’t have to contend with such horrors as seeing a 14 year old person born female who identifies as male beat your daughter.

#64 crossbordershopper on 05.10.21 at 6:19 pm

Canada is at least 20 years behind the US in so many ways when it comes to the capital markets, and investments.

#65 WTF on 05.10.21 at 6:31 pm

#45 ” [email protected] is sexist, and this blog needs to get woke to the fact that TNG or TNGG are also options @TB. Perhaps there is even others! What about [email protected]? I think it just needs to be [email protected] for neutrality. Person is a catch-all, right?This blog is where the adults play.”

====================================
Uhhh Yea, the WOKE blog is three clicks over in SJW land. U will find Socks and most of his cabinet lurking there, Think of it as your “safe space”. I hope you weren’t “triggered” by my comments.

Maybe Read Parasitic Mind by Gad Saad

Or maybe I missed your sarcasm?

#66 Ponzius Pilatus on 05.10.21 at 6:52 pm

#64 crossbordershopper on 05.10.21 at 6:19 pm
Canada is at least 20 years behind the US in so many ways when it comes to the capital markets, and investments.
————
You’re right, they are way ahead.
Especially when it comes to bank failures.

#67 Nonplused on 05.10.21 at 6:57 pm

Aren’t the sales force for most of these companies structured as a pyramid? Like Avon? Not that it is illegal but it does mean lots of people up the pyramid getting a slice of your fees. That’s one reason they are so high.

But it is also one of the reasons they have been so successful marketing to nubbie investors. Lots of people out peddling these funds to their (soon to be former) friends and family.

I’ve seen these pyramid marketing schemes infiltrate everything from energy marketing, long distance telephone plans (when that was a thing), to of course Avon and Tupperware and sex toys (why not?). These companies can end up with thousands of representatives at the bottom pushing deals but only making a few dollars. The people at the top on the other hand can make 100’s of thousands.

#68 Faron on 05.10.21 at 6:59 pm

#45 [email protected] on 05.10.21 at 3:50 pm

#18 Carla

I think it just needs to be [email protected] for neutrality. Person is a catch-all, right?

Pretty good troll, but probably irrelevant given that anyone at the bank is becoming less and less needed. Might soon just be The Nice Bot @TB.

I took some cash out at an ATM to buy a used mitre saw recently. First time in the doors there in ages. And that was just to use the ATM.

#69 Tyberius on 05.10.21 at 7:02 pm

#14 Steveston on 05.10.21 at 1:43 pm

Someone please tell me what [email protected] means. I get that tb means the bank.

————————————————————–
tnl = The Naught Lady @ the Brothel (aka ‘Bank’)

yeah, I don’t like them much…

#70 Marc Roger on 05.10.21 at 7:03 pm

I had a very educational experience with Investors Group.

#71 crowdedelevatorfartz on 05.10.21 at 7:05 pm

@#21 Ponzie’s Predicament
“Company pension plans are mostly Mutuals, are they not?
Is there a way to change that?”

++++

Quit and take the pension with you and invest with a licensed advisor that actually cares about your future.

#72 Peppy Sue on 05.10.21 at 7:08 pm

Sandrine, my condolences on the loss of your beautiful Molly Bloom.

#73 crowdedelevatorfartz on 05.10.21 at 7:08 pm

@#62 Ponzie’s Printing Press
“Always read the fine print.”

++++
Ri-i-i-i-ight.
The entire reason the slimy tactics work are BECAUSE its always in the fine print buried in legalese…..

#74 Tyberius on 05.10.21 at 7:11 pm

“Exchange-traded funds have two big advantages: they trade on the markets (like stocks) and can be bought or sold with the click of a mouse. More liquidity means more security. Second, they’re incredibly cheap. And getting cheaper.” GT
+++++++++++++++++++++++

But there is a downside to this. Many have piled into Index Etf’s (with the idea that they’re ‘safe’, always), to the point that they’ve become extremely overvalued. I mean, look at the SPY (or worse, ARKK), in the US.

First rule of investing:
The further away from fair-value (to the upside), the greater the ‘risk’.
It’s one thing to buy knowing the risks; quite another when buying thinking there’s no risk. There are greater fools in RE, and there are greater fools in all markets.

#75 IHCTD9 on 05.10.21 at 7:13 pm

#63 Faron on 05.10.21 at 5:43 pm

As I’ve said, the anti trans issue will win the GOP some votes and may find some traction in Canada among the Nonpluseds and Sail Aways and IHCTD9s and Don Guillermo’s out there. But, ultimately it will be crushed.
————

I don’t recall ever offering you my opinion on trans folks, but I see you are eager to prescribe one for me.

Fact is homie, I don’t give a rip about most of these 1st world battles. The trans-activist vs. Feminist war is interesting though, so I follow the headlines as the salvos are fired.

I’ll be interested to learn if trans women will be allowed into female prisons, female change rooms, female showers, washrooms and so on. There are a crapload of Feminists from every wave who consider these “Women’s spaces”, the trans activists are trying to cancel them, and the whole pissing match is just so damn entertaining. It’s like watching a fight break out on the Jerry Springer show. I apologize for being entertained.

I actually know a trans woman personally, went to school with her (him back then). I got no issues with her, and if she wants to compete as a female, she can fill her boots free from any opposition from me.

But I’m still going to find the *Activist* (note the distinction) battles as akin something Vince McMahon dreamt up for the next WrestleMania.

#76 Lead Paint on 05.10.21 at 7:24 pm

#63 Faron on 05.10.21 at 5:43 pm
“ Best move to SD so you don’t have to contend with such horrors as seeing a 14 year old person born female who identifies as male beat your daughter.”

Makes a lousy campaign slogan compared to ‘protect our girls’.

Fairness aside, the right will crush the left on this issue. ‘Defund the police’ is another poison pill.

In the US the left likes to feel superior , and be in the minority. Canada likes to feel superior , and immolate .

#77 crowdedelevatorfartz on 05.10.21 at 7:26 pm

@#65 WTF
“Maybe Read Parasitic Mind by Gad Saad”

++++

Great idea.
Just ordered it.
Thanks.

#78 Hey Kanada on 05.10.21 at 7:27 pm

DELETED

#79 Ben on 05.10.21 at 7:30 pm

A timely post for me Garth. Many thanks, Ben

#80 will on 05.10.21 at 7:32 pm

yeah i had them in the 90’s. but at a time when i didn’t know stuff, i’m sure glad i did have them. when i did finally get rid of them i had had them for 7 yrs so there was no Deferred Service Charge to pay. so in the end i guess you could say they fooled me for some of my time, but not all of my time…

#81 Adele on 05.10.21 at 7:35 pm

#56 Guy…

I stand corrected. However, you get my point as to how a spouse should be designated.

#82 slick on 05.10.21 at 7:39 pm

#11 og
I found life insurance salespeople are slipperier than fresh fish

#83 Dr V on 05.10.21 at 7:39 pm

So how ’bout “The nice advisor at the bank”. Yeah that should work. Kinda catchy too.

#84 crowdedelevatorfartz on 05.10.21 at 7:46 pm

@#154 Faron.
“If your 27 y.o. wants to identify as an 11 y.o. he’s clearly a creepy douche.”

++++

One of the funniest movies I’ve seen in a long while is Jason Bateman in Bad Words.

He uses a loophole in the rules to compete in a kids National Spelling Bee as an adult competitor.

Classic Bateman and his directorial debut.

https://en.wikipedia.org/wiki/Bad_Words_(film)

#85 Nonplused on 05.10.21 at 7:50 pm

#7 Faron on 05.10.21 at 1:05 pm
#131 Nonplused on 05.10.21 at 12:48 am

… some warming has been observed on the order of a half a degree or so maybe 1 degree. But nothing outside the last 100 years of observable data

…Nobody stops to think we need millions more of these things and then they only last 20 years.

Nonplused, you are demonstrably wrong here which is why I attack you and why no one can take you seriously. If you can’t engage with the facts at hand you are left to be a blog commenting punter while the adults work out our world’s problems. Enjoy the sidelines.

It’s not unlike being an investing bear like myself. I’m right some times and eke out gains, but overall the market is on a one way ride to space and I can choose to see the full breadth of facts that indicate that or just focus on the facts that uphold my view and be left in the dust. Nonplused, you are taking the latter path by ignoring actual science and actual engineering that do, and will continue to, prove you wrong.

——————————————-

The first graph on this page is insightful for the discussion:

https://ourworldindata.org/energy-production-consumption

You can see that wind, solar, and modern biomass as of 2019 made up a tiny fraction of world energy production, all three combined being outpaced by hydro alone. Yet you can’t drive the #3 in Alberta from the Crowsnest to Lethbridge and ever be out of eyesight of a major wind farm. (It’s windy down there, which is why it is a good location for wind turbines).

Just try and envision for a moment given the number of wind turbines the world already has what would be required to take that tiny sliver at the top and replace all the energy below it. “Millions” probably isn’t much of an exaggeration.

I’m not opposed to wind or solar. Why not where it makes sense? It does reduce emissions. Every little bit helps. But if we really want to get things done and keep the lights on we are going to need nuclear, and lots of it. And until we get cheap batteries, we are still going to need gas turbines and the associated gas storage facilities to provide backup power for the intermittent wind and solar. Actually I don’t know if batteries will ever be cheaper than the gas turbines for backup, as you need excess wind and solar on the good days to charge them, and they don’t last very long before needing replacement.

Some people do put enough solar on their roofs to be “net neutral” when it comes to electricity. But they almost always use the grid for balancing rather than buying enough batteries to disconnect. It’s way cheaper. But that means the grid has to be there. And what they usually fail to mention is that the furnace, hot water tank, stove, and clothes dryer all run on natural gas. So ya the solar helps, but it doesn’t make the house “net zero”.

It’s also only for the rich, not everyone can afford a $40,000 solar installation. And it makes power more expensive for the poor because those who don’t have solar are the ones left holding the bag to keep the gas plants and grid on standby.

It is also not a coincidence that the 2 states that have installed the most wind as a percent of total power generation, California and Texas, is where the brownouts occur. The problem is that by incentivizing wind with subsidies, many older fossil fuel plants were no longer competitive and shut down permanently. That was exactly what the regulations were designed to do, but it also meant trouble when something happened with the weather.

As for global warming, I agree that it is happening. But the models so far have been terribly pessimistic. Their “skill” as they call it in weather forecasting, has been pretty close to zero. They are alarmist. But what would one expect? Everyone knows you can’t even trust the 7 day weather forecast, so how could they forecast such things 20 years out? All we know for sure is that CO2 in the atmosphere seems to be correlated to the recent increase in global temperature, and that will likely continue until we run out of fossil fuels, but I don’t know that I buy that it is some sort of planet killer. The planet has often had way higher levels of CO2 in the atmosphere and things got along just fine. In fact before photosynthesis got underway, there was no oxygen in the atmosphere, that component being entirely CO2, so up to 20%. That would kill oxygen breathing animals, but it was probably a precondition for life to arise. Was it hotter back then in the days of the primordial soup? Probably much so. But here we are.

And you can’t take too much CO2 out of the atmosphere or you will kill all the plants. Around about 250 ppm they die. Sort of for them like not having enough oxygen is for us.

So here is what I am in favor / not-in-favor of:

Wind – yes
Solar – sure
Nuclear – yes, and we better get serious fast
Fossil Fuels – unavoidable for the foreseeable future
Conservation – yes
Panic – no

#86 the Jaguar on 05.10.21 at 7:50 pm

Interesting clip on today’s CBC, ‘The Current’ that caught my attention. Link below as I know many of Garth’s loyal blog dogs live in Alberta.

https://www.cbc.ca/radio/thecurrent/the-current-for-may-10-2021-1.6017944

Have a listen starting at about 14:15 where the host talks to a top dog on the immunity task force about the decision to begin to immunize 12 years old +.

I knew we were a ‘ young’ province, but I did not know that 24% of Albertans are under the age of 20. Wow. He also says that Alberta has ‘out tested’ every other province, and that 22% of the population diagnosed positive fell into that young group. Vaccine supply anticipated to be increasing significantly. I think this is the right move for Alberta. Glad to have smart people like this at the helm.

It goes to show that while we might ‘All be in this together’, our demographics have real variables, and we need to make decisions based on our own circumstances. We’re not in Parksville anymore, Dorothy….. ( Wizard of Oz Dorothy, not Mrs. T, lol )

#87 Dr V on 05.10.21 at 7:51 pm

The problem isn’t necessarily the fees. It is the naivete
and ignorance of them.

Two examples I am aware of.

Friends Dad who commuted his mill pension to BMO. Asks Dad how much they are being charged. Dad says they don’t charge anything.

My own BIL who also commuted a pension,. Cant recall who with, but maybe an insurance company? I asked what fees they were paying. Sis replies “oh it’s just $50 a year” which is of course just the trustee or account fee. Now the money was in a fund which I did locate and told here what was being taken from the account every year. Puzzled look.

#88 baloney Sandwitch on 05.10.21 at 8:04 pm

What is a reasonable percentage to give to a FA managing a million-dollar ETF account? I am currently paying 0.75% for about 1.5 mill.

#89 Nonplused on 05.10.21 at 8:09 pm

#11 ogdoad on 05.10.21 at 1:22 pm

How did dentists get on your list?

#90 BillyBob on 05.10.21 at 8:12 pm

#41 Faron on 05.10.21 at 3:24 pm
#32 Don Guillermo on 05.10.21 at 3:11 pm

#25 Faron on 05.10.21 at 2:40 pm

He calls it “free thinking”.

Reread that comment. I was stating that those piling onto the anti-trans rights bandwagon are no more capable of “free thinking” as I am.

I’m happy to lump your noting the race of the narrator as your adherence to your bubble. You didn’t notice that she was put in front of the truck’s blazing headlights in a throwback to southern lynch mobs of yore to appeal to a certain subset.

Toodles.

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

“Southern” lynch mobs?

Better check the history of your home state before you go casting stones there old chap. The term “compensating” comes to mind.

https://www.kgw.com/article/news/local/clackamas-county-comissioner-mark-shull-racist-facebook-posts/283-57e03314-aa62-4bb0-917b-89d4f551053b

https://www.theatlantic.com/business/archive/2016/07/racist-history-portland/492035/

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

https://www.opb.org/news/article/oregon-white-history-racist-foundations-black-exclusion-laws/

#91 Nonplused on 05.10.21 at 8:19 pm

#27 Faron on 05.10.21 at 2:40 pm
@Nonplused

https://twitter.com/jimfarley98/status/1391785147410825221

I bet this thing is fun to drive, you have to admit that at least.

————————————-

Yep. And I think electric trucks and vans will make increasing sense for tradesmen and delivery drivers that sort of stay within a certain range and can recharge overnight at their own home or maybe at the shop. I think we are a ways away from long haul trailering though. Short haul could work, even with a trailer.

This has always been one of my problems with Tesla. The technology isn’t out of reach for traditional auto manufacturers. Toyota is taking their sweet time, but they have so much experience with the Prius that when they decide to move they will be hard to beat.

#92 TurnerNation on 05.10.21 at 8:51 pm

There was a time when bad economic conditions were proven closely associated to the negative health outcomes.
Not today in the New System. Nope Economic Shutdowns forever in this former first world country.

.Ontario advised to ‘stay the course’ with pandemic restrictions, health minister says (toronto.ctvnews.ca)

.BC not ready to open restaurants, May be weeks or months away (50 percent of eligible now vaccinated, 500 cases in 5 million population) (bc.ctvnews.ca)

— Do you remember the time when proper sanitation was proven closely linked to positive health outcomes? Not in the New System.

.Pandemic public washroom closures a critical issue for people with IBD, those experiencing homelessness (ctvnews.ca)

—–
–This lately sounds familiar. Learn from history.

An excerpt from They Thought They Were Free
The Germans, 1933-45 Milton Mayer
https://press.uchicago.edu/Misc/Chicago/511928.htm

You see,” my colleague went on, “one doesn’t see exactly where or how to move. Believe me, this is true. Each act, each occasion, is worse than the last, but only a little worse. You wait for the next and the next. You wait for one great shocking occasion, thinking that others, when such a shock comes, will join with you in resisting somehow. You don’t want to act, or even talk, alone; you don’t want to ‘go out of your way to make trouble.’ Why not?—Well, you are not in the habit of doing it. And it is not just fear, fear of standing alone, that restrains you; it is also genuine uncertainty.

And one day, too late, your principles, if you were ever sensible of them, all rush in upon you. The burden of self-deception has grown too heavy, and some minor incident. . . collapses it all at once, and you see that everything – everything – has changed…Now you live in a world of hate and fear, and the people who hate and fear do not even know it themselves; when everyone is transformed, no one is transformed…

#93 IHCTD9 on 05.10.21 at 8:55 pm

#91 Nonplused on 05.10.21 at 8:19 pm
#27 Faron on 05.10.21 at 2:40 pm
@Nonplused

https://twitter.com/jimfarley98/status/1391785147410825221

I bet this thing is fun to drive, you have to admit that at least.

————————————-

Yep. And I think electric trucks and vans will make increasing sense for tradesmen and delivery drivers that sort of stay within a certain range and can recharge overnight at their own home or maybe at the shop. I think we are a ways away from long haul trailering though. Short haul could work, even with a trailer.

This has always been one of my problems with Tesla. The technology isn’t out of reach for traditional auto manufacturers. Toyota is taking their sweet time, but they have so much experience with the Prius that when they decide to move they will be hard to beat.
———-

No details from Ford yet, but it’ll have to be a 300+ mile range to compete with GM’s upcoming Hummer and Silverado. That’s useable if it turns out to be real world, the big question is cost. New gas/diesel trucks aren’t cheap, I sort of expect a 6 figure price tag.

#94 DSC blues on 05.10.21 at 8:57 pm

Back in the 1980s, they charged up to a 9% front end fee. I know because I bought lots and was licensed to sell. This was for a $10K investment and commission went down if you invested more. 4% for $100K. Back then people didn’t complain much because there weren’t a lot of options available.

That being said, DSC wasn’t all bad under certain circumstances. For some people, it prevented them from taking their money out, which would often be to their benefi . Others would not have invested if you told them they would have to pay 7-9% up front. And really, you could hold until you paid no DSC.

DSC … an idea whose time has come … and gone.

#95 Free Market To The Resue! on 05.10.21 at 8:57 pm

Housing crisis solved!

https://www.youtube.com/watch?v=CbuxoTZDBjU&t=16s

Sure, you have to throw some insulation and a wood stove in there, maybe plumbing and electrical, and if you want to get real fancy drywall (or wall board) and interior walls, but this might work out fine for a cabin or WFH homestead. $13,600 (US) delivered (some assembly required). But if you live like my uncle did, you install stuff as you can afford it.

Of course buying the land is still a problem.

#96 crowdedelevatorfartz on 05.10.21 at 8:58 pm

@#91 Non+’ed
“Toyota is taking their sweet time, but they have so much experience with the Prius that when they decide to move they will be hard to beat.”

+++

Yep.
Hopefully my 2014 Tacoma will last me 20 + years like the last one did and I’ll be able to buy a self driving, electric, Toyota truck with all the bells and whistles.

P.S.
CopyCrowdieCoffee.
I think I’m up to my 10% of the comments…. can you drop one of your hilarious imitations?

#97 Keith on 05.10.21 at 8:59 pm

@#85 Nonplused

Iowa is way ahead of Texas and California in wind power, recent articles put wind power at well over 50% of power needs. Texas and California not even halfway there.

Investment in alternatives to fossil fuels will outpace oil and gas, in time. Price of green energy will fall to the point where there will be a massive shift. Not today, not tomorrow but it will be the next energy revolution.

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

#98 DON on 05.10.21 at 9:04 pm

@Nonplused

How about floating tidal platforms where it makes sense. The ones attached to the sea floor were problematic in the Bay of Fundy. Now they are testing floating platforms that can be moved and easily maintained. Won’t help the Prairies unless on rivers. In the future society may be forced to adapt.

#99 Ponzius Pilatus on 05.10.21 at 9:12 pm

What puzzles me is that “the most technically advanced and computer savvy country in the World” cannot keep foreign, mostly Russian, hackers in check.

#100 Nonplused on 05.10.21 at 9:18 pm

#75 IHCTD9 on 05.10.21 at 7:13 pm
#63 Faron on 05.10.21 at 5:43 pm

As I’ve said, the anti trans issue will win the GOP some votes and may find some traction in Canada among the Nonpluseds and Sail Aways and IHCTD9s and Don Guillermo’s out there. But, ultimately it will be crushed.

—————————————

I am not “anti-trans”. I am libertarian enough to believe that adults should be free to live as they want.

However, a transwoman is a transwoman, not a woman, and never will be. It is a biological impossibility. The “transition” can never be complete, any more so than a gorilla can become a human. Therefore allowing transwomen in women’s sports destroys the whole reason for having women’s sports.

Can you imagine a gorilla in a dead lifting competition, assuming he could be trained to do it? All records would be broken. Like, absolutely destroyed. Gorillas have a biological advantage over humans when it comes to strength. Want to argue with that?

It is all nice and “woke” to be concerned that we aren’t properly pretending that less than 0.5% of the population is really a “woman”, but what about the 50% of the population who are actually female these people are disadvantaging?

I mean even Caitlan Jenner thinks this is silly, and she is a transwoman. She won an Olympic gold when she was still a he, in men’s, so she probably knows something about it. Is Caitlan Jenner transphobic? I’m guessing no.

Participating in sports is not a human right. You can get cut from the team for being late for practice too many times. You can get benched because the other teammates play better than you do. Sports are segregated along age, sex, and tier. If you don’t cut the mustard at evaluations you can’t play tier 1 and you can’t “self identify” as a younger player to make tier 1 in that age group. This whole thing is a psychosis.

#101 Nonplused on 05.10.21 at 9:23 pm

#98 DON on 05.10.21 at 9:04 pm
@Nonplused

How about floating tidal platforms where it makes sense. The ones attached to the sea floor were problematic in the Bay of Fundy. Now they are testing floating platforms that can be moved and easily maintained. Won’t help the Prairies unless on rivers. In the future society may be forced to adapt.

————————————

Well you can make wind power that way, but once we have 100,000 of them what happens if there is a hurricane? What happens to shipping? What happens if a nuclear submarine gets caught up in the moorings? How much copper and oil based coatings do we need for the underwater wires?

#102 Dr V on 05.10.21 at 9:31 pm

75 IHCTD9

“But I’m still going to find the *Activist* (note the distinction) battles as akin something Vince McMahon dreamt up for the next WrestleMania.”

WWE, in its own way, has very politically correct and progressive stances, but Vinnie mac is behind AEW
with these two performers:

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

“As of 2020, Kiss identifies as gender-fluid and
answers to male and female pronouns despite
previously identifying as solely a male.”

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

“Rose became the first openly transgender wrestler in
history to sign with a major American promotion when
signing with AEW in 2019.”

Excuse me, I think “Raw” is on…..

#103 Drill Baby Drill on 05.10.21 at 9:42 pm

It is interesting about what is transpiring currently in the world.
Major US pipeline hacked and shutdown spiking US gasoline prices.
Iran and USA going at it today in the Gulf.
Israel and Hamas going at it today with rockets.
Iranian out of control blaze adjacent to it’s only operating nuclear power plant.
Never mind what China is up to or Covid.
Just saying.

#104 Ponzius Pilatus on 05.10.21 at 9:44 pm

#101 Nonplused on 05.10.21 at 9:23 pm
#98 DON on 05.10.21 at 9:04 pm
@Nonplused

How about floating tidal platforms where it makes sense. The ones attached to the sea floor were problematic in the Bay of Fundy. Now they are testing floating platforms that can be moved and easily maintained. Won’t help the Prairies unless on rivers. In the future society may be forced to adapt.

————————————

Well you can make wind power that way, but once we have 100,000 of them what happens if there is a hurricane? What happens to shipping? What happens if a nuclear submarine gets caught up in the moorings? How much copper and oil based coatings do we need for the underwater wires?
————–
What about offshore oil rigs?

#105 DSC that! on 05.10.21 at 10:14 pm

Homes have deferred sales charges too. And they for sure don’t disappear after 7 years. The gov, lawyers, realtors, and others all want a piece. Lol.

#106 Nonplused on 05.10.21 at 10:17 pm

I guess we forgot about the human factor in the Centennial Pipeline outage:

https://www.zerohedge.com/commodities/gas-run-has-begun-fuel-stations-run-dry-amid-hacked-pipeline

This is, at this point, being fueled by everyone stockpiling not by actual shortages. Those will come later if the outage continues.

#107 Nonplused on 05.10.21 at 10:20 pm

#104 Ponzius Pilatus on 05.10.21 at 9:44 pm
#101 Nonplused on 05.10.21 at 9:23 pm
#98 DON on 05.10.21 at 9:04 pm
@Nonplused

How about floating tidal platforms where it makes sense. The ones attached to the sea floor were problematic in the Bay of Fundy. Now they are testing floating platforms that can be moved and easily maintained. Won’t help the Prairies unless on rivers. In the future society may be forced to adapt.

————————————

Well you can make wind power that way, but once we have 100,000 of them what happens if there is a hurricane? What happens to shipping? What happens if a nuclear submarine gets caught up in the moorings? How much copper and oil based coatings do we need for the underwater wires?
————–
What about offshore oil rigs?

——————————-

Of course also a problem, but because they have a much higher energy density you don’t need as many of them as you would for wind to do the same job. Picture instead of 1 offshore oil platform, you had 1000 wind turbines.

#108 Nonplused on 05.10.21 at 10:29 pm

PS If I lived in Ontario I might be stocking up on gasoline right about now too, for the line 5 thing.

#109 BillyBob on 05.10.21 at 10:36 pm

Ponzi, you were right. The US doesn’t have anything you can’t get in Canada.

Unfortunately.

https://globalnews.ca/news/7848568/lower-mainland-shooting-spree-gang-war/

#110 IHCTD9 on 05.10.21 at 10:40 pm

#102 Dr V on 05.10.21 at 9:31 pm
75 IHCTD9

“But I’m still going to find the *Activist* (note the distinction) battles as akin something Vince McMahon dreamt up for the next WrestleMania.”

WWE, in its own way, has very politically correct and progressive stances, but Vinnie mac is behind AEW
with these two performers:

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

“As of 2020, Kiss identifies as gender-fluid and
answers to male and female pronouns despite
previously identifying as solely a male.”

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

“Rose became the first openly transgender wrestler in
history to sign with a major American promotion when
signing with AEW in 2019.”

Excuse me, I think “Raw” is on…..
———

It’s been decades since I’ve watched any Pro- Wrestling. Not since Jake the Snake and Hacksaw Jim Dugan.

Good for AEW, I like Sonny’s musical taste and the straight edge lifestyle choice too!

Funny world we live in. Where Feminist Lesbian activists are protesting Gay Pride Parades and then getting labeled a bunch of TERF’s by their fellow SJW’s – we simultaneously have organizations that promote things like “cage matches” being a better friend to LGBTQ folks than the lot of ‘em.

Sonny seems to really appreciate the AEW from the looks of it.

#111 Faron on 05.10.21 at 11:10 pm

#76 Lead Paint on 05.10.21 at 7:24 pm

Agree with defund the police. I’d place a bet with you on trans rights. Within a decade it will be off the platform because the battle was lost to the left.

#90 BillyBob on 05.10.21 at 8:12 pm

Okay. Major locus of Patriot Prayer is right up the road from where I grew up. Oregon Proud Boys have served as protection for your boy Ngo. I currently live in a province and city that sent its Chinese lepers to an island to starve and die lass than 100 years ago. What’s your point?

#75 IHCTD9 on 05.10.21 at 7:13 pm

I lumped you in because you jumped into the trans rights argument apparently defending trans bans. Apologies if I was wrong.

#85 Nonplused on 05.10.21 at 7:50 pm

I’m not going to bother to correct you. All I’ll ask is that you read in proportion to atmospheric scientists/climatologists that do and dont understand the science. That would be about 1000 pages to one. Not in your favour unless you like to read. Better get to it.

#112 shots on the house on 05.10.21 at 11:15 pm

lmao, Provinces look to mix COVID-19 vaccines in light of changing supply

https://ca.news.yahoo.com/ontario-likely-mix-1st-2nd-181606045.html

better to go the old blues way.
1 bourbon 1 shot and 1 beer.
heard immunity

#113 VicPaul on 05.10.21 at 11:55 pm

I am now gearing up to have IG sell a friend’s non-registered account, take the cap/gains hit and self manage funds in a Questrade TFSA. Of course, I don’t know the first thing about calculating the gains and the taxes to be paid on such.
Dogs, some guidance?
Do I need a tax specialist or regular CPA to help guide me through this?
Who ‘m I gonna call, taxbusters?

Thanks for the info. )

M57BC

#114 fishman on 05.11.21 at 12:33 am

My marine electronics tradesman is a trans. She gets huge respect. From everybody that makes their living on the water on this coast. She fixes our eyes & ears. So we can sail in the dark & the fog. Her forte is integrating the computer, sounder,radar, GPS, Nav software, auto pilots. We build our own bottom charts. And I got two of everything. But we’re extra sucky because she’s even better at troubleshooting Its actually quite funny seeing her (she’s small & not particularly good looking)ordering hulking unwoke Trumpster fanboy rednecks around. We do her bidding like puppy dogs. I’m frequently asked for her phone number. Mostly serious commercial guys, brothers only, get her number.

#115 Faron on 05.11.21 at 1:50 am

Hypothesis: when ARKK and all the other bubbly goo (crypto, IPOs, SPACs, nonprofitable tech AKA TSLA etc.) crash you will see the Canadian RE market seize up and start to fall not long after. Either by wealth effect or something more nefarious, that’ll be it. I don’t think it will be long now. Just a hypothesis, use it as a buy signal if you wish. ARKK is already 34% off… TSLA is almost back to its previous buy signal.

#116 Shirl Clarts on 05.11.21 at 3:25 am

#11 ogdoad on 05.10.21 at 1:22 pm
^^^^^^^^
We once had a realtor showing us places that used the expression “It’s only money”. I found it very insulting. We dropped him shortly after that. What realtors fail to remember is how easily they can be replaced.

#117 under the radar on 05.11.21 at 5:40 am

So sorry about the dog. We have a 7 month old German Sheppard. The family loves her . Not sure if the inevitable grief is worth the price of love.

#118 Kevin Stewart on 05.11.21 at 6:24 am

Yep I was bitten by DSC, and Investers Group. The Halifax gang at Inv G. actually got taken to court over there greedy activities. Could have been part of the lawsuit but didnt want the headache.
So then I almost went with Edward Jones, but the most money intelligent person I know, Wifey, said that local rep is creepy and oozing greed. So then I decided to keep it local. meaning that I want to look the dude in the eye when he has his hand close to my stash.

#119 Wrk.dover on 05.11.21 at 7:04 am

#85 Nonplused on 05.10.21 at 7:50 pm

It’s also only for the rich, not everyone can afford a $40,000 solar installation.

__________________________________

Especially if they only need an installation that costs less than half of that before grants.

I posted my power meter reading for you last week.

And keep in mind, my “average home” goes through 20lbs of welding rod and five pounds of MIG wire as well as powering industrial woodworking machinery on a hobby basis on this small solar set up.

My municipality of 15k has 30MW of wind and three hydro electric dams to back me up. Can’t be green where you are? Move. I did.

Be the change!

I do!

#120 ogdoad on 05.11.21 at 7:35 am

#116

Heard that!

#89

Trying to sell you stuff you don’t need then driving away in their Mercedes SUV.

#82

Good one! Prime example of a species still evolving. LOL!!

Og

#121 Cpi on 05.11.21 at 7:59 am

Looking like runaway inflation . agricultural index has gone vertical , copper off the charts, of course housing is a total disaster

Fed printing presses finally taking its toll .and yeah ,the CPI has a become a useless metric

#122 the Jaguar on 05.11.21 at 8:22 am

More on the WFH thing: (in today’s N.P.)

Blackstone Group Inc. is asking some U.S. staff to return to the office full-time on June 7 provided they are fully vaccinated. The world’s largest alternative asset manager announced the move internally on Monday. A Blackstone spokesman confirmed the decision. Financial firms have been preparing for an end to remote work since the earliest months of the COVID-19 pandemic. Jpmorgan Chase & Co. became the first major U.S. bank to mandate a return to offices for its entire U.S. workforce. Last month staffers were told that they would be expected to return by early July on a rotational basis. Citigroup Inc. has said it will start inviting more workers into the office beginning in July. Goldman Sachs Group Inc. told staff they should be prepared to work from offices by mid-june.

#123 Dharma Bum on 05.11.21 at 8:36 am

#20 Dolce Vita

And it’s still the old dying – just started keeping track of this.
—————————————————————————–

The statement above will continue to hold true, even once Covid is a faded memory.

In the future, to maintain the insane paranoia that has been instilled in the ignorant masses, the Canadian authorities need to report the daily death stats from ALL human activities, including:
driving, walking, smoking, eating twinkies and poutine, drinking, breathing, and waking up in the morning.
To be consistent with the new government mentality, severe restrictions should be placed on these activities, under penalty of death.
Self fulfilling prophecy.
The government is always right.

#124 TSHarpoon on 05.11.21 at 9:24 am

Thank you, Garth.

#125 Akinara on 05.11.21 at 9:30 am

Faron on 05.11.21 at 1:50 am
Hypothesis: when ARKK and all the other bubbly goo (crypto, IPOs, SPACs, nonprofitable tech AKA TSLA etc.) crash you will see the Canadian RE market seize up and start to fall not long after. Either by wealth effect or something more nefarious, that’ll be it. I don’t think it will be long now. Just a hypothesis, use it as a buy signal if you wish. ARKK is already 34% off… TSLA is almost back to its previous buy signal.

Nope. The exact opposite will occur as people flock to what is tangible, easy to understand and of practicle use.

Real estate prices will continue to inflate

#126 Akinara on 05.11.21 at 9:33 am

DSC that! on 05.10.21 at 10:14 pm
Homes have deferred sales charges too. And they for sure don’t disappear after 7 years. The gov, lawyers, realtors, and others all want a piece. Lol.

They also rise as the price of the home increases. Of course, crickets on that when it comes to the regulators

#127 NSNG on 05.11.21 at 9:51 am

Gas stations on the US east coast are shutting down for lack of fuel.

On the positive side, every station is having a sale on toilet paper.

#128 Ponzius Pilatus on 05.11.21 at 10:59 am

#117 under the radar on 05.11.21 at 5:40 am
So sorry about the dog. We have a 7 month old German Sheppard. The family loves her . Not sure if the inevitable grief is worth the price of love.
——————-
And in the end, the Love you get is equal to the Love you give.

#129 George S on 05.11.21 at 11:38 am

# 39 Ponzius Pilatus wrote:
“Re: Pipeline hack
Apparently the pipeline is 5,500 miles long.
Pretty stupid to keep building these monsters, when renewals can deliver the good right in your backyard.
Try hacking the solar panels on my roof.”

How much power do your solar panels supply to your house when the power is off in the grid? Or at night? I guess you must have a 100 kWh battery pack if you are making comments like that.

#130 IHCTD9 on 05.11.21 at 11:56 am

#125 Akinara on 05.11.21 at 9:30 am

as people flock to what is tangible, easy to understand and of practicle use.

Real estate prices will continue to inflate.
___

None of those reasons have caused real estate to inflate to the levels we have.

#131 to the moon, Alice. on 05.11.21 at 12:08 pm

lmao,
Canada Expects Home Prices To Soar, Even In The Worst Case Scenario Now

#132 Sail Away on 05.11.21 at 12:08 pm

Re: Retirement Canada vs. US

Something rarely compared between the US and Canada is the federal retirement amounts of CPP vs. Social Security.

Both are paid into by employees and employers at 5.25% of salary in Canada and 6% in US, then both pay out a pension at retirement.

Here’s where things get interesting: CPP annual payout for fulltime workers is around $12,000 CAD per person vs. $36,000 USD from Social Security.

In the US, it is entirely feasible for a couple to retire and live quite comfortably on federal pension alone. But there is the socialized medical that might be used more in old age. Dual citizenship is definitely a prudent move.

Maximum CPP is $14,500 annually. You forgot OAS. It adds $7,500 per person, for a total of about $22,000. US social security at 65 is $33,700 and to make that one needed to earn $76,000 or greater. Medicare for people over 65 in the US normally costs $5,600 per year, unless low-income. No charge in Canada. Maybe you should stick to telling people how to raise their children. – Garth

#133 IHCTD9 on 05.11.21 at 12:23 pm

Gas is 1.28 in the Hinterland, Line 5 deadline tomorrow.

Oreo cookies have 2/3’rd’s the cream in the middle for the same price, bought some bagels the other day and the kids noticed there’s only 5 in there instead of the usual 6. I didn’t notice any difference in price. Houses through the roof, wood through the roof, scrap steel rising, new steel totally insane, and I got a 1000.00 vet bill coming to pull a single tooth out of our Cat.

Can’t wait till Trudeau starts making us pay for his drunken spending orgy over the last year. Maybe we’re about to hear the sound of wallets slamming shut. The day of reckoning for the BOC fast approacheth.

#134 Sail Away on 05.11.21 at 12:44 pm

#132 Sail Away on 05.11.21 at 12:08 pm

Re: Retirement Canada vs. US

“Maybe you should stick to telling people how to raise their children. – Garth”

———

I’m pretty sure I’ve never told people how to raise their children, but am always happy to give tips if requested.

#135 the jaguar on 05.11.21 at 1:01 pm

@133 IHCTD9

Tranquillo amigo. Gretchen doesn’t have a court order yet. Enbridge won’t budge without it.

#136 The joy of steerage on 05.11.21 at 1:10 pm

134 Sail Away on 05.11.21 at 12:44 pm

#132 Sail Away on 05.11.21 at 12:08 pm

Re: Retirement Canada vs. US

“Maybe you should stick to telling people how to raise their children. – Garth”

———

I’m pretty sure I’ve never told people how to raise their children, but am always happy to give tips if requested.
….

Your recommendations on whale art have been priceless….

#137 Wrk.dover on 05.11.21 at 1:47 pm

#132 Sail Away on 05.11.21 at 12:08 pm
Re: Retirement Canada vs. US

_______________________________

In USA you must work any portion of ten different quarters of a year to receive any amount at all.

In Canada any amount of work at all starts the pension rolling.

I worked for employers six times briefly and get $100/mo. CPP. Pogey probably contributed half.

Can’t do that in USA, where I worked somewhat and get $0./mo.

I love living in Canada, where all of my neighbours and I have free medical emergency care. A triple bypass in Halifax costs $14/day for indoor parking by the way. I know 1st hand through attending to a loved one.

#138 westcdn on 05.11.21 at 1:50 pm

I had Vietnamese friends till I moved and got rednecks instead – respect them nonetheless. Trin was able and good. He spoke French, English and Japanese in addition to his native tongue. His family got kicked out of Hanoi. He was very smart and small. Never had to watch his back when I around. You want to make angry, say G**ks.

I met Dr Ho in the Chinook Mall at a kiosk while he was starting out his miracle pain relief – fascinating man and I bought.

Trin moved to Ottawa and has done well in the government. He told me a story where he was send on a trade mission to Tokyo. They didn’t realize he knew Japanese. They said a lot of derisory about his heritage but stood quiet and learned what they were thinking.

He won the negotiations and got the deal.

#139 Sara on 05.11.21 at 2:05 pm

Yahoo! Today, my daughter got her acceptance letter for medical school at Queens. 87 applicants accepted out of approximately 5700 applications. So pumped. Just had to share with you dogs.

#140 NoName on 05.11.21 at 2:11 pm

#134 Sail Away on 05.11.21 at 12:44 pm
#132 Sail Away on 05.11.21 at 12:08 pm

Re: Retirement Canada vs. US

“Maybe you should stick to telling people how to raise their children. – Garth”

———

I’m pretty sure I’ve never told people how to raise their children, but am always happy to give tips if requested.

Iam all ears, 15b and 18g.

#141 Sail Away on 05.11.21 at 3:28 pm

#140 NoName on 05.11.21 at 2:11 pm
#134 Sail Away on 05.11.21 at 12:44 pm

I’m pretty sure I’ve never told people how to raise their children, but am always happy to give tips if requested.

——–

I am all ears, 15b and 18g.

——–

Good God. 33 kids!?!

#142 Carla on 05.11.21 at 5:38 pm

Congratulations to your daughter, Sara!

Kudos to you as well.

#143 Canadian Moose on 05.11.21 at 8:47 pm

RIP Molly, God Bless ya!

#144 Sara on 05.11.21 at 9:37 pm

#142 Carla on 05.11.21 at 5:38 pm
Congratulations to your daughter, Sara!

Kudos to you as well.
===============

Thanks Carla!

#145 glenn wood on 05.12.21 at 12:28 pm

Mutual fund sales people routinely call you up because it is time to rebalance. But really it is time to reset the DSC clock to keep you locked in. And you thought he was looking out for you.