Resolutions

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RYAN   By Guest Blogger Ryan Lewenza
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The dying Christmas tree has been hauled out to the street for pick-up. The leftovers have long been eaten and digested. And the New Year’s Eve hangover is a distant memory. So it’s time to talk resolutions and the plans that we’re going to put into action to have a successful 2022.

We all know 2021 turned out to be a dumpster fire of a year with the late Covid surge from the new Omicron variant. So let’s try to make 2022 a banner year.

First, we should begin the year on a high note by ensuring our financial security in the future by making our retirement contributions today. This includes making RRSPs (before the end of February), TFSA and RESP contributions.

RRSP contribution room is calculated as 18% of earned income to a maximum of $29,210 for 2021. This should be the first thing you do since whatever you contribute to an RRSP it reduces your income by that amount and therefore your taxes. Note the higher the income you earn in a given year the larger the impact of the RRSP contribution so it may make sense to delay contributions until future years when your income is higher.

Then you need to top up those beautiful TFSA accounts with a $6,000 TFSA contribution. The contribution can either be made in cash or by in-kind security contributions. If you don’t have the cash on hand right now, consider maxing out the RRSPs then use the tax refund to make the TFSA contribution in a few months.

With the new $6,000 room for 2022, this takes the cumulative limit up to $81,500. This may not seem like a lot but check this out.

If you contributed the max each year since the account was established in 2009 and grew the funds at a 7% return it would have grown to roughly $120,000. Not bad. Now let’s assume the government doesn’t do something silly (is this an oxymoron?) and keeps the TFSAs going and to keep things simple, maintains the current $6,000 annual contribution for another 10 years. Same deal, contribute the max $6,000 every year and it grows by 7%, you will have roughly $350,000.

This is money that you can pull out whenever you need it and never have to pay tax on. Sweet!

Next you should complete a household savings plan and a financial plan to map out your future. Start by figuring out how much you can save each year and then start doing some calculations to see how much this would grow to over time. We have a great calculator on our website to help with this.

Run some simple scenarios. For example, type in two savings amounts of say $20,000 and $50,000 per year. If it grows at 7% over a 30 year period you will have a retirement account of $2 million based on the $20k/year and $4.7 million for the $50k/year savings.

Start planning and saving today since life goes pretty fast and I can’t tell you how many people that I’ve spoken to and worked with that started too late and are now scrambling to catch up.

Finally, you could use our Will the Money Last calculator to see how long these funds would last in retirement. For example, on a $2 million portfolio in retirement, you could comfortably draw $100,000/year (5% of the portfolio) and you wouldn’t outlive the funds in retirement.

We complete much more detailed financial plans for clients but these calculators are a great place to start and can give you a rough idea of how much you need to save and how much you can draw in retirement.

Third, you should review your portfolio (it better be balanced or why have we been writing these blogs all these years!) and consider rebalancing if it has moved to far out of whack. Last the year the TSX returned 25% while Canadian bonds (I’m using a Canadian bond universe index) were down 2.65%.

If you started January 1, 2021 with a 60/40 split between the TSX and this universe bond index, by December 31, 2021 the asset mix would have changed to 66% in equities and now just 34% in bonds. So you should review your asset mix and rebalance the portfolio by trimming equities and adding to bonds, moving the portfolio back to the long-term or ‘strategic’ asset mix of 60/40.

Rebalance Portfolio Back to 60/40

Source: Turner Investments. Numbers are based on TSX returning 25% and bonds -2.65%

Fourth, you need to stop delaying on the will and get it done. You need to have your estate plan in place because you just never know. The will addresses three key aspects – the executor of the will, instructions on the division of the assets to the beneficiaries, and who will be the guardian for the kids, if any.

Naming the executor is a very big deal since it’s consumes a lot of time and energy and can be stressful for the executor, which is typically a family member. Our preference is to name a trust company as the executor to handle the estate. There is a charge for this but in most cases it’s worth it.

Lastly, commit yourself to learning more about the markets, money and retirement planning. Even with all my education, designations and work experience I still have a ton to learn so I’m always on the lookout for new books that will expand my knowledge and make me a better investor and financial advisor.

A few books that I would recommend include the classics, The Wealthy Barber and Rich Dad Poor Dad for personal finance. For investments books I always recommend The Intelligent Investor, How to Make Money in Stocks and the technical analysis bible Technical Analysis Explained. Head down to the local bookstore and pick up a few of these to get you going.

You have been given some clear instructions and tips today on making 2022 a successful year so the rest is now up to you. Get to work!

Ryan Lewenza, CFA, CMT is a Partner and Portfolio Manager with Turner Investments, and a Senior Investment Advisor, Private Client Group, of Raymond James Ltd.
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About the picture: “Buster is our Old English Sheepdog,” writes Tim, “and a gentle giant who lets my wife and two daughters play dress up all the time. Keep up the insightful blog.”

137 comments ↓

#1 LewenzaCountry aka Prince Polo on 01.15.22 at 11:48 am

Thank you for the TI brain trust’s audio tag-up this week. It convinced me to extract some pricey molars from my portfolio (de-FAANG somewhat) and jump into the US value & US biotech plays. I won’t sully this blog’s already-questionable reputation further by divulging the tickers, but astute listeners will already know what they are! Cue all the blog doggies saying that dentistry is best left for professionals (not pathetic amateurs)…

#2 crowdedelevatorfartz on 01.15.22 at 12:02 pm

I maxxed the TFSA contribution Jan 1st.
Almost done with the 2021 RRSP contributions….plan on using the refund to start pounding cash into 2022 RSPs when I get it.

Ahhh The Wealthy Barber.
It should be required reading in High School.
I read it cover to cover over 30 years ago and it started me on my belated retirement investing.
I’m well on my way to a comfortable retirement in 5 years or less.

#3 crowdedelevatorfartz on 01.15.22 at 12:03 pm

Icebergs on the east coast of Vancouver Island?????

https://www.cbc.ca/news/canada/british-columbia/an-iceberg-in-b-c-lingering-mirage-leaves-photographer-stumped-1.6316125

Like Liberal balanced budgets…..

Its just a mirage…..

#4 Flop… on 01.15.22 at 12:03 pm

“What am I putting in my TFSA this year, Mrs Flop asked?”

Dunno, I said, too busy shoveling snow over the holiday period to have a proper look, but you could probably do worse than put 5k in an energy fund.

YTD it is up close to 10% she advised me yesterday, with a follow-up question.

Why didn’t you tell me to put the whole six thousand in…

M47BC

#5 willworkforpickles on 01.15.22 at 12:04 pm

I think the most optimistic way to view the road ahead so to speak, is in becoming aware of the pitfalls that await and plan for them rather than be consumed by them as they unfold.

On that note, I think the road ahead in 2022 will be just so-so.

And so the Fed will go ahead and taper their asset purchases and raise interest rates to counter inflation.
Its not going to have the counter effect sought after to appease the masses as it is for the most part imaginary without significant increases and generally not when inflation goes stag-flationary and becomes inflation/stagflation.

Stagflation, as i said here almost 2 years ago will become part of the fallout consequences to come as runaway debt increases turn highly inflationary.
Will it (stagflation) gather momentum as the Fed (temporarily) tapers?
With inflation running high as it is, the non artificial economic growth rate, the real growth rate slows.
With it, real unemployment in non manufactured numbers , (counting those no longer looking for jobs registering within the official statistics count) staying persistently high as is the real case economic picture, in itself spells coming stagflation. Inflation/Stagflation.
Actions intended to lower inflation may exacerbate unemployment with it.
Jobs going begging to be filled notwithstanding, as they don’t offer enough pay to lure the unemployed back to work that could reduce the unemployed stat.

Prices are rising because of increased money supply and dollar devaluation which is not yet being reflected in the Dollar Index.
The reality is that inflation created from rampant debt re-distribution is the cause of supply chain disruptions, not the result of supply chain disruptions…contrary to the mainstream media misrepresentation that puts all the blame on supply chain disruptions..

Stagflation is a form of recession-inflation brought about by rampant debt distribution culminating in all of the above points combined.
GDP has declined significantly in the past couple of years despite the fact that US money supply and inflation have spiralled ever higher.
With this rising barometer the majority of necessities in the U.S. will not be affordable for most people very soon. Within a year or so.
The steady accelerating decline in production along with the steady upward momentum in prices spells – stagflation and calamity.
All the blame when the chit hits the fan will be put on Covid and global lock-downs on top of the supply chain bottleneck excuse…anywhere but where it truly belongs.

Where the blame belongs is with the Fed who needs to be held accountable for the downturn that is coming.
12+ years of stimulus and bailout measures along with near-zero interest rates and they blatantly shift blame away from themselves and heap it on the pandemic.
This to cover their hides , perhaps to continue further down the road of destruction which they will.
Nonetheless a massive retail buying spree in 2020 and 2021, from freely distributed covid generated trillions piled on, put mega more dollars into the economy as we all know too well, chasing less goods causing prices to spike much higher.

Now as I’ve always said, if and when the trillions of dollars being held overseas come flooding back into the US, inflation will continue to move much higher still.
Aside from a taper adding an additional threat of a flattening yield curve in treasury bonds, foreign investor confidence in the soon to come dropping dollar index can/will set off a wave of bonds and dollars being dumped by foreign investors and central banks.
What will that do to interest rate policy then.
You’ll just have to stay tuned…but they (rates) won’t be going down.

Massive inflation, stagflation, even food shortages are on the rise.

A craftier than ever smoke and mirrors show to cover much more debt creation will be engineered.

Paltry interest rate increases will not have the desired effect over inflation until substantial interest rate increases are forced into effect down the road.

#6 Paddy on 01.15.22 at 12:08 pm

Hi Ryan

Regarding RRSP contributions, would it make sense to contribute and have some assets grow, but not claim the deduction at tax time and save the deductions over the years if say you plan on taking a transfer value/commuted value from a DB plan? There’s usually a large portion that needs to be taken as cash after the LIRA/LRSP side of things have been deposited….asking for a friend.

#7 Andrew on 01.15.22 at 12:08 pm

I might also throw in a recommendation for: The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life.

#8 highlander on 01.15.22 at 12:13 pm

Hi Ryan – thank you for this most helpful information.
Question regarding spousal rsp contributions: can I defer claiming those on my taxes to future years such as I can with my own rsp.

#9 Cici on 01.15.22 at 12:23 pm

Okay, I usually don’t comment on the dog and cat photos (they’re all so adorable, it’s usually no competition) but today’s doggy photo op just floored me. I don’t know how much longer I can resist not having a dog. Son is putting increasing pressure on me too. Trying to hold out until he is old enough to take it out on all its -30 winter walks and vacuum up after it everyday too. Have a sinking feeling I’m not going to make it.

So please help me get there… enough already with all this amazing dog porn! I want photos of incredibly ugly, scruffy and mangy dogs, please!

#10 Omicron Kenobi on 01.15.22 at 12:40 pm

Even Dr Fauci agrees that I am in charge of everything.

https://www.bostonglobe.com/2022/01/13/nation/just-about-everybody-will-become-exposed-omicron-covid-variant-fauci-says/

Obey. Do not resist.

Enjoy your final days.

#11 crowdedelevatorfartz on 01.15.22 at 12:43 pm

Here’s one for all you would be “landlords”.

Seems a friend of mine rented their very nice, fully furnished house to a married couple with 3 kids.
The “landlords” were moving in with elderly, dementia suffering parents to look after them before the parents moved into a into a retirement home.

The renters;
The man in his 30’s was self employed with an excellent business and the wife worked as a cashier.
Great references.
Rent wasn’t a problem until Covid hit.
Renter Wife temporarily lost her job and went on CERB.
Renter Hubby took full advantage of the Business CERB hand out plus CERB.
Did I mention they were both recovering drug addicts?
Neither did they.
Well all that CERB cash and plenty of idle time on their hands with nothing to do….
BOOM.
12 months later they are back to being full blown crackheads.
Rent hasnt been paid in over 8 months.
Power, water, everything cut off by the municipality.
Anything of value in the fully furnished house is gone or destroyed.
The endless bureaucratic eviction shuffle has gone nowhere.
The local govt authorities have done nothing but offer endless excuses and sympathy.
These people were ordered out Oct 1st, Nov 1st, Dec 1st and are still sitting in the unheated, destroyed, health disaster of a house.
Reports from police attending to disturbances and the seizure of the children listed furniture devoid rooms filled with garbage, used needles and feces. Doors missing, walls smashed, copper pipes removed, wiring torn out.
The house is a right off.
The insurance company is fighting the looming claim.
This in a well to do suburban neighborhood.

I guess this is the flip side of a rental being a “cash cow”.

#12 Ponzius Pilatus on 01.15.22 at 12:45 pm

You have been given some clear instructions and tips today on making 2022 a successful year so the rest is now up to you. Get to work!
———————
Yes Sir!
Thank You, Sir!

#13 Flop… on 01.15.22 at 12:47 pm

I’ve never read any retirement planning books.

You can tell.

Still got funds I bought in the early 90’s when I was 18 years old.

My method is slightly different.

Whenever I wonder what I should be doing, I simply walk by a local park and look at a homeless encampment and everything becomes much clearer…

M47BC

#14 TurnerNation on 01.15.22 at 12:50 pm

Food supply: all famines are man-made (government made) – history shows this.
I watched a short clip – can’t post it here spicy language.
A trucker films his truck, as it is filled with 52,000 wasted chicken carcasses – they rain down into it.
Why? He claims this place is temp. closed down – via a combo of government mandates and people calling in sick. https://maplelodgefarms.com/

— Ha the Internet Consp. Theorists called this. National, then Global QR codes. The Blockchain was built for us – what else do you use it for? Every human is to be catalogued into the Blockchain.
Everything else in the ‘news’ is theatre and distraction for this.

https://www.nbcnews.com/tech/tech-news/national-covid-vaccine-card-quietly-emerged-rcna11678
“Quietly and over some objections, a national digital vaccine card has emerged”


— Major crime wave sweeping Kanada. We’re going to need new internment centres for all these small business owners?

.montreal.ctvnews.ca – ‘We’re fed up’: Montreal pizzeria vows to reopen in violation of COVID-19 restrictions
A Mile End pizzeria called Keste says it will open at full capacity at the end of January, even if COVID-19 restrictions are still in place.

#15 ogdoad on 01.15.22 at 12:51 pm

Well, confirmed. This blog is mainly for those who have or earn a lot of money. Any family earning the average or under (which is quite a bit – 70% or so?) has little chance to achieve maxing out either RRSP’s or TFSA’s without going in hock or without sig. life changes. Not sayin’ it can’t be done but, wow.

Hope you ritchies have a look around every once in a while – 2.5 bill. earn less than 2$ per day.

Not harpin’, Ryan. Just an observation.

Enjoy your weekend!

Og

#16 XGRO and Chill on 01.15.22 at 12:51 pm

How much should one put in their RRSP when also saving for a home downpayment? Been maxing my TFSA, and doing 10% of gross income in RRSP, rest is house savings…

#17 Dr V on 01.15.22 at 12:54 pm

Ryan – always liked “The Millionaire Next Door”. It is as much social commentary as personal finance, and I dont
think there is a sentence in it specifically on investing,
just about living well within your means and other habits of the wealthy. Oh and don’t own a trophy house.

#18 Dr V on 01.15.22 at 1:04 pm

2 fartz

“….plan on using the refund to start pounding cash into
2022 RSPs when I get it.”

Mornin’ fartz. Not sure how you arrange your wage, but it’s better to have the tax reduced at source for your RRSP contribution. You get the entire pre-tax amount
working for you sooner rather than waiting for the
refund which requires repeated future contributions.

#19 crowdedelevatorfartz on 01.15.22 at 1:09 pm

@#9 Cici
“So please help me get there… enough already with all this amazing dog porn! I want photos of incredibly ugly, scruffy and mangy dogs, please!”

++++

https://rove.me/to/california/worlds-ugliest-dog-contest

#20 Sail Away on 01.15.22 at 1:10 pm

#9 Cici on 01.15.22 at 12:23 pm

Okay, I usually don’t comment on the dog and cat photos (they’re all so adorable, it’s usually no competition) but today’s doggy photo op just floored me. I don’t know how much longer I can resist not having a dog.

———

If it helps, I can attest to a dog’s great utility in the pheasant fields, duck marshes, and grouse woods. Amazingly more efficient than trying to point the birds, or retrieve them, yourself.

The other 10 months of the year, the dogs maintain your fitness with daily 2-hour walks. These are not optional. I just asked the pack.

#21 Ustabe on 01.15.22 at 1:25 pm

@ #4 Flop… on 01.15.22 at 12:03 pm

An Aussie by the name of Dan Grek has a YouTube channel called The Road Chose Me. Overlanding stuff.

I started watching him years ago when he was in a Jeep doing the entire continent of Africa. I actually met him once as well…he lived in Yukon for a bit and we bumped into each other at the Dawson/Dempster turn off.

This last bit of time he’s been back home in Australia, in his father’s garage, building a Jeep Gladiator out to “do” Australia.

He’s just begun a couple of months overlanding in Tasmania so look him up, if you will, see some shots of home, make yourself homesick a bit.
I’m sure you will enjoy, he’s a bright man, a born educator and truly an adventurer.

#22 Celine on 01.15.22 at 1:26 pm

Ryan, thanks so much for the great overview here. I would add one more book to the recommendations – “Money Road” by your friend and colleague Garth Turner. This is where I began my financial literacy journey and I can’t recommend this book enough.

#23 Sail Away on 01.15.22 at 1:27 pm

“Naming the executor is a very big deal since it’s consumes a lot of time and energy and can be stressful for the executor, which is typically a family member. Our preference is to name a trust company as the executor to handle the estate. There is a charge for this but in most cases it’s worth it.”

———

Good advice. Thanks Ryan.

Also, when you are the named executor for someone else’s will, you have every right to delegate the duties to a trust company. If anybody kicks about you not spending all of your time on this, the Master and Commander explanation strategy works quite well:

https://youtu.be/Df-uemc-e3w

#24 Ryan Lewenza on 01.15.22 at 1:28 pm

Paddy “Regarding RRSP contributions, would it make sense to contribute and have some assets grow, but not claim the deduction at tax time and save the deductions over the years if say you plan on taking a transfer value/commuted value from a DB plan? There’s usually a large portion that needs to be taken as cash after the LIRA/LRSP side of things have been deposited….asking for a friend.”

Yes you can contribute to the RRSP to take advantage of the tax free growth but delay till future years when you claim the deduction. No issues there. But this is different than creating RRSP room ahead of commuting a pension to reduce the tax impact of the cashable portion. Because once you contribute the funds then you will have to claim the deduction inevitably. If you’re going to commute a pension don’t contribute to an RRSP and build up that RSP room until you actually commute the pension. You would then max out RSP, claim the deduction, then apply that to the taxable portion of the commuted pension. – Ryan L

#25 Wrk.dover on 01.15.22 at 1:37 pm

#97 Frank Buck on 01.15.22 at 2:49 am

I just finished my year end accounting. I did over 100% ++++, ( Sorry Garth) in each sector
_____________________________

I wonder if the part about no cap gain tax on 100% gain indicates he took the gains from a three or maybe even as much as a four figure portfolio.

#26 Ryan Lewenza on 01.15.22 at 1:38 pm

highlander “ Hi Ryan – thank you for this most helpful information. Question regarding spousal rsp contributions: can I defer claiming those on my taxes to future years such as I can with my own rsp.”

Yes I believe that is the case. If you can defer a normal RSP contribution I’m assuming you could do the same with a spousal RSP contribution but confirm this with your accountant. – Ryan L

#27 Earlybird on 01.15.22 at 1:40 pm

#15 ogdoad
Reduced spending can be very powerful…and some of the lifestyle changes can have a benefit you don’t discover until after!
We make jack sh#t…but have about a 50% savings rate. Improved health and little more “time rich” was the gift reduced spending gave us! Got to get creative!

#28 Who am I? on 01.15.22 at 1:41 pm

Hey, re: yesterday’s post.

If I identify as LGBTQ2+ to the government to get a house, do they need proof? How long do I identify as such to get on the list and get a house?

And how long do I have to keep identifying as such to keep the house?

Can I flip to something else a year after moving in (because life is short) and still keep it?

Asking for a friend…who’s always been a little confused about all these people labels, self-labeling, etc. He’s never been that big on caring who someone else loves and why as it never effected him at all what other people do.

We really seem obsessed with what other people do, and perhaps making them do what we want, aren’t we. Oops, I strayed.

#29 crowdedelevatorfartz on 01.15.22 at 1:56 pm

@Dr V.
“Mornin’ fartz. Not sure how you arrange your wage, but it’s better to have the tax reduced at source for your RRSP contribution. ”

++++
No worries.
I have a certain RSP amount deducted from source but I never know what my final year end will look like due to performance bonuses and dividends.
So I always have a bit less than necessary deducted from source and then “top up” to my max (usually about 15-20% of annual income) early in the new year.

#30 Inadequate on 01.15.22 at 2:02 pm

While contributing to RRSP is a sound concept but make sure it is worth the efford. No point in doing that if your income does not hit certain threshold. Mine is to keep the taxable income within 150k.

#31 Shawn on 01.15.22 at 2:03 pm

RRSP?

RRSP contribution room is calculated as 18% of earned income to a maximum of $29,210 for 2021.

************************
Wow, that sounds like a lot. This is for people with big incomes and no employer pension. Lawyers, doctors, some business owners, successful realtors, successful financial advisors.

Do this starting at age 30 and you could easily be looking a $5 million RRSP.

Not many have both the income and the discipline to do this year after year.

The bell curve of wealth at retirement has a VERY long tail to the right. Do aspire to be a good bit past the median.

#32 Don Guillermo on 01.15.22 at 2:08 pm

#10 Omicron Kenobi on 01.15.22 at 12:40 pm
Even Dr Fauci agrees that I am in charge of everything.

https://www.bostonglobe.com/2022/01/13/nation/just-about-everybody-will-become-exposed-omicron-covid-variant-fauci-says/

Obey. Do not resist.

Enjoy your final days.
***************************************
Put a fork in it. Time to move on and focus on something current like underwater volcanos!

“Covid scientist are increasingly convinced the Omicron variant is acting as a natural vaccine for tens of millions of people around the world as most infected people have no or very mild symptoms, yet their bodies do produce full antibodies.
Many countries are currently seeing record numbers of infections, including the UK, US, most of Europe and Asia, but hospital admissions only show a modest or even no serious increase.”

#33 Bezengy on 01.15.22 at 2:13 pm

#11 crowdedelevatorfartz on 01.15.22 at 12:43 pm
Here’s one for all you would be “landlords”.

—————-

And folks wonder why houses and apartments sit empty, as mine does.

#34 Flop… on 01.15.22 at 2:23 pm

#21 Ustabe on 01.15.22 at 1:25 pm
@ #4 Flop… on 01.15.22 at 12:03 pm

[An Aussie by the name of Dan Grek has a YouTube channel called The Road Chose Me. Overlanding stuff.]

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

I found him after I checked his surname to Grec.

From his Facebook page.

“We just took a 10 hour ferry across to Tasmania!

This island state of Australia is 40% National Park and UNESCO World Heritage, so it has tons of wilderness to explore.

Roughly the size of Florida, it has 500k people compared to Florida’s 21.5 mil. So there is TONS of space to roam.”

Sound alright.

Dolce said it’s not Italy, and so it is shit…

M47BC

#35 ogdoad on 01.15.22 at 2:23 pm

#27 Earlybird on 01.15.22 at 1:40 pm

I hear ya but there are so many variables: Where you live, own or rent, no car or a couple, kids or not…Trust me, we are among the most frugal of frugal families but 29K after tax??? Even 6k after tax is an ask for sure for most families.

I guess I could take it out of my screen, weed and booze budget, but where’s the fun in that ;)

Og

#36 Dr V on 01.15.22 at 2:43 pm

29 fartz – roger that. I do similar with my acct. We work out a wage and divvys for the year, then an RRSP
contribution, then calculate the remittance on the
remaining taxable income to be paid….. then we watch
and hope it all works…… :)

#37 Andrewski on 01.15.22 at 2:53 pm

Solid investing advice, thanks. As far as Christmas tree recycling advice, don’t kick it to the curb:

https://globalnews.ca/news/6316738/how-to-recycle-your-christmas-tree/

#38 Joe on 01.15.22 at 3:02 pm

One Up On Wall Street

Peter Lynch

#39 Kitkat on 01.15.22 at 3:02 pm

Please show me where I can get 7% in a savings account.
Thanks

#40 Tarot Card on 01.15.22 at 3:05 pm

Thanks for the blog Garth
Thanks for the post Ryan
I will give the books a read, thanks

Forecasting is not easy we have everything from roaring twenties to a major crash over 20%. We have the January effect, sell in May and go away, even one for Santa clause rally and more….

every stock broker will tell you stocks will always go up over time. And give nice charts to prove it.

The best advice is buy on the dips, but how do you buy on dips if your fully invested.

My forecast is Banks and oil and for fun?
Very interested in robotics, batteries, biotech and maybe aluminium but that sector has doubled last year.

I agree balanced portfolios are for those who want to sleep at night.

Here’s a hot tip that will make you 28 percent guaranteed

pay off all credit cards even if you take out a bank loan, you will still be ahead! 20 percent. Assuming bank loan at 8 percent.

Cheers and look forward to more investing posts.

#41 Faron on 01.15.22 at 3:11 pm

Tonga eruption:

Explosive enough to punch into the stratosphere.

Not enough SO2 to cause temporary global cooling.

Tsunami of about 10cm in deep water off BC shores.

Sound heard in Alaska. Pressure wave made it at least halfway around earth.

Cool event from afar. Hope Tongans are safe.

#42 Summertime on 01.15.22 at 3:14 pm

So we are talking about ‘growth’ with real inflation of 15 % and market returns of 7 %?

The calculations are laughable if you start saving now, 2 millions in 40 years would most likely be the price of a parking space in GTA.

Good luck with that.

#43 Ponzius Pilatus on 01.15.22 at 3:19 pm

#11 CEF
I know quite a few people who are amateur landlords.
There are some problems, but non even close to what you describe.
There’s the casting call for the movie called “The Exaggerator”.
You may wanna go for an interview for the lead role.

#44 TurnerNation on 01.15.22 at 3:19 pm

– Tax time in a couple of month. Totally worth it! Life in a Former First World Country. #worldclass.

https://ottawacitizen.com/news/local-news/hospital-calls-for-doctors-medical-students-to-fill-nursing-shortages
“Hospital calls for doctors, medical students to fill nursing shortages”

.(CBC) “Volunteer parents could be asked to supervise Quebec classrooms if too many teachers fall sick with COVID-19, the province’s Education Ministry says….It suggests schools be ready to quickly replace teachers by keeping a list of people to call in as reinforcements, which could include “parent volunteers.”


– Life in Kanada. THIS is all there is. Everything is shut down , all culture cancelled. Year 3 and the #reset is not letting up. It’s not designed to.

https://twitter.com/blogTO/status/1481992941031809024
blogTO @blogTO
This was the lineup for free rapid tests at Fairview Mall at 8:30 a.m. this morning

#45 Wrk.dover on 01.15.22 at 3:23 pm

#11 crowdedelevatorfartz on 01.15.22 at 12:43 pm
Here’s one for all you would be “landlords”.

Seems a friend of mine rented their very nice, fully furnished house to a married couple with 3 kids.
The “landlords” were moving in with elderly, dementia suffering parents to look after them before the parents moved into a into a retirement home.
__________________________

They wouldn’t have been paying any extra to live with the wrinklies, so all this pain was to avoid the normal expenses they always could afford, while the house would have been otherwise vacant.

Classic money for nothing plan backfire!

#46 Ponzius Pilatus on 01.15.22 at 3:26 pm

#14 TN

.montreal.ctvnews.ca – ‘We’re fed up’: Montreal pizzeria vows to reopen in violation of COVID-19 restrictions
A Mile End pizzeria called Keste says it will open at full capacity at the end of January, even if COVID-19 restrictions are still in place.
————–
There must be a million pizza joints in Canada.
They are also looking for the lead actor in “The Exaggerator II”.
Apply before CEF gets that one, too.

#47 WTF on 01.15.22 at 3:30 pm

#15 OG “blog is mainly for those who have or earn a lot of money”

Your opinion maybe. Not mine.

Through Selfless contributions from the hosts we have been provided the tools to invest. Blog is for everyone who wishes to improve their financial knowledge, acumen and situation, as opposed to, you know,……………………whining?

Bitter much?

#48 WordSmith on 01.15.22 at 3:49 pm

#11 crowdedelevatorfartz on 01.15.22 at 12:43 pm

“The house is a right off.”

As opposed to a left off?

#49 Dr V on 01.15.22 at 3:56 pm

123 Dragonfly58

“Why would you print concrete when it is so easy to just
build a form and call in a concrete truck ?”

Not sure what you are thinking the process might be here Dragonfly. Curb pouring machines are the simplest example. They follow a string line placed at a particular offset horizontally and vertically to the gutter line. Pour the concrete in the hopper and it comes out shaped at the other end while the machine walks.

Pouring a foundation seems to be the next logical step up.

Provide the robotic machine a digital file of the foundation and some on site reference points. rig up the concrete truck to allow “printer” to position chute robotically.

Go for lunch.

I’m sure there is a ton of you tube vids.

#50 ogdoad on 01.15.22 at 3:58 pm

#47 WTF on 01.15.22 at 3:30 pm

Thanks! Usually the wealthy just look down their noses and ask “what happened to that guy”.

But you are the exception to the rule.

Og

#51 Dave on 01.15.22 at 4:10 pm

If Russia goes to war with Ukraine….can oil go above $100 per barrel in a short period of time?

If so, will interest rates go up dramatically to fight Inflation?

#52 Penny Henny on 01.15.22 at 4:26 pm

#70 Dr V on 01.14.22 at 9:10 pm
4 Penny

“Suggestions please.”

So you’ve sold half. Sounds like protecting that is paramount.

My big 5 bank has appreciated near 100% but I did not time the purchase perfectly either. You may wait awhile for more cap gain, but they are all less than 15 P/E and have a payout ratio of about 40%, suggesting some downside protection, with room to increase the dividend.

“On the other hand”…..maybe an etf that holds lots of the banks and not so much energy.
/////////////

Thanks Doc.
I am already way overweight with the banks but that has been a plan from the beginning.
I also hold VDY which is weighted 59% financials and 22% energy.
My top holdings in order.
ENB, XEI, TD, BMO, CM, RY, BNS, VDY, the rest is kinda sprinkled around other dividend payers.
XEG was a play on the rebound so there always a plan to sell at a certain point, not a great dividend payer at 1.3%

#53 Barb on 01.15.22 at 4:29 pm

Buster is soooooo cute, Tim. Bet those grapes on the table will mysteriously disappear.

We gave our daughter the Rich Dad Poor Dad book when she was in her early 20’s. She’s now 44 and has 3 houses.
Her motto is to never sell ANYTHING (from the original Chinese Hui system). At least it was pre-T2 and his pack’s meddling.

Perhaps she should shadow what Mohammed-what’s-his-name (T2’s Liberal buddy on the Coast) is going to do with all his houses.

#54 Penny Henny on 01.15.22 at 4:34 pm

#96 Loonie Coder on 01.15.22 at 1:20 am
#4 Penny Henny

Curious, why sell XEG now? The world is still reopening.
//////////////////////

There was always a plan on selling and it did hit a target price for me so I stuck to the plan. Mind you my plan was to sell half.
Oil has had a great run and it might continue or it might pull back a bit. If XEG retreats to under $11 I would be a buyer again.
But then again, what do I know.

In my mind anyone who trades stocks, frequently or infrequently, has to know and be willing to accept that no matter how well they do they will always be wrong.
Why? Well you will always be too early or too late or didn’t buy at the bottom and missed the very top.

#55 Wuhan we've got y'all in check on 01.15.22 at 4:42 pm

The Ascent of Money by Niall Ferguson

#56 Left GTA on 01.15.22 at 4:45 pm

We are going to be doing up a will this year. For the trust company for executor would one of the big 5 banks be a good choice?

#57 Penny Henny on 01.15.22 at 4:53 pm

#96 Loonie Coder on 01.15.22 at 1:20 am
#4 Penny Henny

Curious, why sell XEG now? The world is still reopening.
//////////////////////

Look at the one year chart.
Is that a batman forming?

https://ca.finance.yahoo.com/quote/CL%3DF?p=CL%3DF

#58 Brian on 01.15.22 at 5:04 pm

Russia doesn’t feel threatened by Ukraine. It feels threatened by US/NATO forces & weaponry in Ukraine.

In the same way that the US once felt threatened by the Soviet missiles in Cuba, not Cuba itself.

Washington risked a nuclear war, back then. How far will Russia go?

#59 willworkforpickles on 01.15.22 at 5:07 pm

Be ready in a timely manner to take advantage of either one of these two scenarios that could very conceivably unfold around mid 2023 or a bit later.

Scenario 1 … Interest rates beginning to historically normalize to try and get inflation under control.
or
Scenario 2 … Interest rate claw-backs kicking that can further down the road with massive stimulus infusions … letting inflation run wild to gonzo new heights, spiking gold prices.

#60 Brian on 01.15.22 at 5:08 pm

The Tsunami was not vaccinated and will not be allowed in Canadian waters.

#61 crowdedelevatorfartz on 01.15.22 at 5:08 pm

@#34 Pedantic Pontificator

My day isn’t complete without ponzie poopooing everything that everyone says.

@#48 wordNazi

“The house is a right off.”
As opposed to a left off?
+++

Yes, thats write!

#62 crowdedelevatorfartz on 01.15.22 at 5:12 pm

@#50 Og
“But you are the exception to the rule.”

+++

Nah, even the politically correct, deep down,…really dont care.

The homeless are tragic until they camp in your neighborhood, defecate on the front sidewalk and steal the change from your car.

#63 Brian on 01.15.22 at 5:16 pm

The Liberal government is moving ahead with their vaccine mandate for truckers entering Canada despite multiple warnings from experts that this policy will cause significant problems. Trucking and logistics experts warn that continued supply chain bottlenecks will lead to empty shelves and delayed surgeries.

Why does Justin Trudeau insist on moving forward with these disastrous pandemic policies?

Anthony Furey of the Toronto Sun discusses in his latest video.

https://www.youtube.com/watch?v=M2sZMq9U3T4&t=186s

#64 Penny Henny on 01.15.22 at 5:26 pm

#97 Frank Buck on 01.15.22 at 2:49 am
#4 Penny Henney

Greedy shortsighted ill-informed emotion led you to crystallize the 49% gains on XEG.
///////////

Shortsighted? Yeah ok I can see that.
Ill informed? Probably true.
Greedy? Nah, kinda the opposite.

And yes, some of what was sold will be re-invested.

#65 Dr V on 01.15.22 at 5:32 pm

54 Penny

“Well you will always be too early or too late or didn’t buy at the bottom and missed the very top.”
————————–
How true. Looks like some strong holdings so all I can
suggest is “more of everything”. XEI shows as having energy and financials both at 30%.

I’ve been mulling over an energy fund. But they seem to line up as “all oil/gas” or “only sustainable”. I would prefer one that holds both, perhaps with a slow reduction over time for oil. I understand oil has lower emissions than coal, and gas lower still, so I can see gas
being with us awhile yet. Someone mentioned pipelines, as it seems to be very difficult for us to build new ones.

Maybe also consider a well-diversified utility that owns
both source and distribution and has comparitively large US presence.

Further to Frank’s comment, I checked my bank stock
and it has now doubled. Anybody could have bought when I did. It was soo cheap I dare say it was obvious. Any bank would have worked. But I bought it as a hold
with the divvy at 7% at the time. It’s now close to 8% measured on the original investment. Still holding.

I liked the comment from a while back from someone
whose bank dividend is now larger than their original
investment years ago.

#66 R on 01.15.22 at 5:39 pm

51 Dave:
If Russia invades the Ukraine…
I wonder if Russia invades the Ukraine is there a potential China will invade Tiawan simutaneously. I bet there are Chineese generals biting at the bit to take advantages of this. Perhaps too close to the Olymics .
Random Thoughts

#67 ogdoad on 01.15.22 at 5:48 pm

#62 crowdedelevatorfartz

Now that, is a harsh reality. For all parties.

Og

#68 Shawn on 01.15.22 at 5:48 pm

Don’t read Niall Ferguson!

55 Wuhan Suggested:

The Ascent of Money by Niall Ferguson

**************************
NO! I have read a ton of finance books and all kinds of books and have a lot of education.

I have at least one, maybe two of Niall’s books including that one.

I got through it but I consider it to be almost unreadable. He will mention three different time periods and three currencies in a single paragraph. Just not well written!

Instead, try anything and everything Warren Buffett has written. Start with his annual letters on the Berkshire site.

Here’s a link to some stuff about Warren that I wrote and including links to some articles he wrote. He has never written a book as such.

https://www.investorsfriend.com/warren-buffett-articles/

#69 willworkforpickles on 01.15.22 at 5:51 pm

#54 Penny Henny
“Well you will always be too early or too late or didn’t buy at the bottom and missed the very top.”

……………………………………………………………………………………………………

Story of my life…but I made out quite well regardless and am sure just by your knowing and writing this line, you did also.

#70 Penny Henny on 01.15.22 at 5:52 pm

#11 crowdedelevatorfartz on 01.15.22 at 12:43 pm
Here’s one for all you would be “landlords”.

Seems a friend of mine rented their very nice, fully furnished house to a married couple with 3 kids.
////////////////////

Rented a fully furnished house to a couple? with 3 kids??

RED FLAG!

RED FLAG!!!!

RED FLAG!!!!!

#71 Yukon Elvis on 01.15.22 at 5:56 pm

#52 Penny Henny on 01.15.22 at 4:26 pm

My top holdings in order.
ENB, XEI, TD, BMO, CM, RY, BNS, VDY, the rest is kinda sprinkled around other dividend payers.
++++++++++++++++++

I am holding 5 of your top 8. Made out like a bandit buying the dip in early ‘20. Paying 6-6.5% to wait for the upticks. Banks went up 60-100% for me, lucky timing. I have to invest the dividends at month end, I am liking the big 3 pipelines now paying over 5%. Really no great deals out there right now imho.

#72 Ponzius Pilatus on 01.15.22 at 5:59 pm

#58 Brian on 01.15.22 at 5:04 pm
Russia doesn’t feel threatened by Ukraine. It feels threatened by US/NATO forces & weaponry in Ukraine.

In the same way that the US once felt threatened by the Soviet missiles in Cuba, not Cuba itself.

Washington risked a nuclear war, back then. How far will Russia go?
——————
Putin wants some guarantees that NATO does not move closer to his domain.
Sounds reasonable to me.
The Russians used to have have East Germany, Poland, Czechoslovakia and Hungary as a buffer zone.
So, Putin feels a little naked right now.

#73 Is anybody listening? on 01.15.22 at 6:00 pm

Hospitals paying nursing students $120/hour along side regular nurses making a third!

https://twitter.com/i/status/1482447433002995713

#74 Penny Henny on 01.15.22 at 6:02 pm

#36 Dr V on 01.15.22 at 2:43 pm
29 fartz – roger that. I do similar with my acct.
/////////////

Accountants? Financial advisors?
Fancy schmantzy.

As long as it’s not Ponzie then I guess all is good.

#75 Sail Away on 01.15.22 at 6:04 pm

#102 Haby on 01.15.22 at 8:40 am

61 Sail Away Great you and squeeze doing fine. Often don’t agree with you but always read your posts. Good food for thought eh. Any suggestions for those that haven’t been afflicted yet? Thanks eh

——–

Well, it might not fit the expected narrative, but this was the dealio:

A person at my wife’s office tested positive sometime last week. On Tuesday, we started to feel a bit crumby, and had low fever, headache, etc. most of Wednesday. Tested pos. Thursday much better, Friday cured, today did our regular Saturday 10km mountain dog hike. Mountain biking tomorrow.

#76 HUNGRY BEAR on 01.15.22 at 6:08 pm

THANKS UN-VAXXED….. We appreciate your ignorance.

https://www.cbc.ca/news/health/sarnia-bluewater-health-hospital-covid-patients-1.6315681

#77 Ryan Lewenza on 01.15.22 at 6:08 pm

Dave “If Russia goes to war with Ukraine….can oil go above $100 per barrel in a short period of time?

If so, will interest rates go up dramatically to fight Inflation?”

Likely oil would go up as war and instability leads to a higher geopolitical premium in the oil price. But it wouldn’t last long as high oil prices would likely tip the economy into a recession. Ryan L

#78 crowdedelevatorfartz on 01.15.22 at 6:29 pm

@#63 Brian
“The Liberal government is moving ahead with their vaccine mandate for truckers entering Canada despite multiple warnings from experts that this policy will cause significant problems. Trucking and logistics experts warn that continued supply chain bottlenecks will lead to empty shelves and delayed surgeries.”

++++

Yep.
I just went to Safeway.
Lots of Dairy ( Canadian Dairy board sees to that).
Fresh Vegetables? ( California) not so much.
Bread was scarce (Calgary).
Processed foods seemed to be getting scarce.

I give this latest poorly planned, poorly announced, poorly considered Federal govt sh!tshow about a week before the public realizes what going on and starts panic buying again.
Fighting over Rutabagas.

The Liberal covid screening policy for truckers will fold like a cheap carnival hucksters tent.

Another ridiculous bureaucratic screw up that a 10 year old dyslexic monkey in a clown suit could figure out.

I await the obligatory ponzie rebuttal in all its pro Liberal inanity.

#79 Ponzius Pilatus on 01.15.22 at 6:37 pm

#62 crowdedelevatorfartz on 01.15.22 at 5:12 pm
@#50 Og
“But you are the exception to the rule.”

+++

Nah, even the politically correct, deep down,…really dont care.

The homeless are tragic until they camp in your neighborhood, defecate on the front sidewalk and steal the change from your car.
—————
The homeless have lived in the Downtown Eastside forever.
Than the developers moved in.
Whose neighborhood is it?

#80 Penny Henny on 01.15.22 at 6:38 pm

#69 willworkforpickles on 01.15.22 at 5:51 pm
#54 Penny Henny
“Well you will always be too early or too late or didn’t buy at the bottom and missed the very top.”

……………………………………………………………………………………………………

Story of my life…but I made out quite well regardless and am sure just by your knowing and writing this line, you did also.
//////////////

Everyone will be wrong the majority of times.
The thing is to accept it and know you don’t know everything. (Sailo and Faron excepted)(I would add Ponzie but he doesn’t even know what the discussion is half the time).

Helping you hit 100 comments Ryan.

#81 Ponzius Pilatus on 01.15.22 at 6:39 pm

#75 Sail Away on 01.15.22 at 6:04 pm
#102 Haby on 01.15.22 at 8:40 am

61 Sail Away Great you and squeeze doing fine. Often don’t agree with you but always read your posts. Good food for thought eh. Any suggestions for those that haven’t been afflicted yet? Thanks eh

——–

Well, it might not fit the expected narrative, but this was the dealio:

A person at my wife’s office tested positive sometime last week. On Tuesday, we started to feel a bit crumby, and had low fever, headache, etc. most of Wednesday. Tested pos. Thursday much better, Friday cured, today did our regular Saturday 10km mountain dog hike. Mountain biking tomorrow.
————
Another proof that AVATARS are creatures of fiction.

#82 Voice Of Reason on 01.15.22 at 6:45 pm

Forget the bookstore. Borrow the Finance books mentioned from your local public library. The money you saved could then be invested!

#83 Yukon Elvis on 01.15.22 at 6:46 pm

#72 Ponzius Pilatus on 01.15.22 at 5:59 pm

#58 Brian on 01.15.22 at 5:04 pm
Russia doesn’t feel threatened by Ukraine. It feels threatened by US/NATO forces & weaponry in Ukraine.

In the same way that the US once felt threatened by the Soviet missiles in Cuba, not Cuba itself.

Washington risked a nuclear war, back then. How far will Russia go?
——————
Putin wants some guarantees that NATO does not move closer to his domain.
Sounds reasonable to me.
The Russians used to have have East Germany, Poland, Czechoslovakia and Hungary as a buffer zone.
So, Putin feels a little naked right now.
+++++++++++++++
There is no chance anyone will invade Russia. They have jet fighter bombers, missiles, nukes, and Russians with AKs behind every bush. NATO does not need any small weak vulnerable Soviet bloc countries to become members. The opposite is true. It is the small and weak that want to be under the NATO umbrella cuz they fear being invaded by Putin like he did to Georgia, Crimea, and Eastern Ukraine. Finland and Sweden are now considering applying for Nato membership as well.

#84 espressobob on 01.15.22 at 6:59 pm

The study of retail investing by the greats usually leads to the fact that timing the markets is pointless.

Contrarians understand this concept and look for weakness to buy up equity that’s oversold.

The lower it goes, the safer it is to own.

#85 the Jaguar on 01.15.22 at 7:04 pm

Omg. All this Russia talk. Anyone paying attention knows the Jaguar loves the Russkies. Can’t believe even the Ponz (#72 Ponzius Pilatus on 01.15.22 at 5:59 pm) has clued in to the reality of what’s really going on.

Here’s a link to someone who speaks intelligently on the subject. Former Russian military guy, currently lives in the USA.
He’s also pretty funny. This segment is a week or so ago, but provides real insight. The last thing the Russians want is to be ‘saddled’ with the basket case of Ukraine. Note when you hear him say what sound like ‘cows’, he is saying ‘chaos’. Strong accent… Pour a scotch and enjoy.

http://smoothiex12.blogspot.com/2022/01/i-am-still-recovering.html

#86 KLNR on 01.15.22 at 7:06 pm

@#76 HUNGRY BEAR on 01.15.22 at 6:08 pm
THANKS UN-VAXXED….. We appreciate your ignorance.

https://www.cbc.ca/news/health/sarnia-bluewater-health-hospital-covid-patients-1.6315681

they’re really going hard for the darwin award out there in sarnia

#87 Cici on 01.15.22 at 7:06 pm

#19 crowdedelevatorfartz

No fair, Flop. I checked out your link and fell in love with every single one of those mangy, dog-eared pups. Now I want to adopt every single one of them.

#20 Sail Away

Oh Sailo, always The Tempter. You almost had me at pheasant (yuuuum!) but thank God I think it’s too cold for that bird in my part of Québec.

Happy for you and the wife that you were able to beat back COVID so fast. Wow! Sounds like you two are either a Greek God/Goddess combo, or you were lucky enough to catch a milder variant (probably Omicron?). Did you both have your boosters?

#88 Earlybird on 01.15.22 at 7:07 pm

#35 ogdad
Lol…whatever keeps ya out of trouble!
We are the same amount times 2.
Being DINK’s, kid less and renting helps.
We are an underserved by the financial world….thankfully kind people share their knowledge and now we can at least arm ourselves…between this blog, Mr. Money Mustache and a decade of consistancy…it is really is paying off!

#89 Joseph R. on 01.15.22 at 7:08 pm

#58 Brian on 01.15.22 at 5:04 pm
Russia doesn’t feel threatened by Ukraine. It feels threatened by US/NATO forces & weaponry in Ukraine.

In the same way that the US once felt threatened by the Soviet missiles in Cuba, not Cuba itself.

Washington risked a nuclear war, back then. How far will Russia go?

————————————————————

The US was intimidated by Cuba when Castro took over after the 1958 general elections. after all, the US Air Forces helped the Cuban exiles in their Bay of Pig failed invasion.

It is often not mentioned that the US had missiles in Turkey that were removed, following the crisis, without fanfare.

https://www.jfklibrary.org/learn/about-jfk/jfk-in-history/cuban-missile-crisis

#90 Dr V on 01.15.22 at 7:15 pm

74 Penny

“Accountants? Financial advisors?
Fancy schmantzy.”
———————————-

No Porsches. Maybe an F150. No I think its a GMC.

Need the acct for the corp. When I meet with him to go
over things I will understand the first 2, then I’m lost
from the 3rd onward. 4 personal tax returns and tax
planning included. Almost family as he worked with MIL years ago.

#91 SP on 01.15.22 at 7:32 pm

Thanks Ryan, insightful as always.

It’s reassuring to know that you consider 5% withdrawal rate realistic (not 4% or less, like some other sources).

#92 Dogman01 on 01.15.22 at 7:57 pm

Every 30 year old should read your post:

“You have brains in your head.
You have feet in your shoes.
You can steer yourself any direction you choose.
You’re on your own.
And you know what you know.
And you are the guy who will decide where you go.”

#93 DBG on 01.15.22 at 7:57 pm

One of the best new investment books I have read is The Psychology of Money by Housel. I wish I had read it when I was in my twenties. Along with this blog of course. It would have prevented a lot of investment mistakes that I made in my life.

#94 crowdedelevatorfartz on 01.15.22 at 8:03 pm

@#79 Ponzies Political Poverty Pimps
“Whose neighborhood is it?”

++++

It’s YOURS!
Sell the house in the ‘burbs.
Buy a condo in the old Woolworths building on Hastings st.
Walk the neighborhood.
Carry pepper spray.
Wear a stab proof vest.
Don’t make eye contact.

Your starting to sound like the invisible mayor Kennedy Stewrat.
Lot’s of ideas.
Very little action.

#95 Ponzius Pilatus on 01.15.22 at 8:12 pm

#83 Yukon Elvis on 01.15.22 at 6:46 pm
#72 Ponzius Pilatus on 01.15.22 at 5:59 pm

#58 Brian on 01.15.22 at 5:04 pm
Russia doesn’t feel threatened by Ukraine. It feels threatened by US/NATO forces & weaponry in Ukraine.

In the same way that the US once felt threatened by the Soviet missiles in Cuba, not Cuba itself.

Washington risked a nuclear war, back then. How far will Russia go?
——————
Putin wants some guarantees that NATO does not move closer to his domain.
Sounds reasonable to me.
The Russians used to have have East Germany, Poland, Czechoslovakia and Hungary as a buffer zone.
So, Putin feels a little naked right now.
+++++++++++++++
There is no chance anyone will invade Russia. They have jet fighter bombers, missiles, nukes, and Russians with AKs behind every bush. NATO does not need any small weak vulnerable Soviet bloc countries to become members. The opposite is true. It is the small and weak that want to be under the NATO umbrella cuz they fear being invaded by Putin like he did to Georgia, Crimea, and Eastern Ukraine. Finland and Sweden are now considering applying for Nato membership as well.
—————–
This all could change if Ukraine becomes part of NATO.
And as I said before, if there is any major invasion and retaliation from either Russia, NATO or China it will trigger the “bomb”.
And in the end, it does not matter from where the bomb comes from, as it means mutually assured destruction.
Like the virus, the bomb does not care if you’re communist, facist, conservative, liberal, whatever.
So, let’s all calm down.

#96 Ronaldo on 01.15.22 at 8:23 pm

#3 crowdedelevatorfartz on 01.15.22 at 12:03 pm
Icebergs on the east coast of Vancouver Island?????

https://www.cbc.ca/news/canada/british-columbia/an-iceberg-in-b-c-lingering-mirage-leaves-photographer-stumped-1.6316125

Like Liberal balanced budgets…..

Its just a mirage…..
———————————————————-
At first when I saw the news article I thought they were referring to the below link. We spotted this ship from quite a distance last October and it actually could have passed for an iceberg as well till we got out the binoculars.

https://vancouverisland.ctvnews.ca/next-generation-u-s-warship-spotted-near-nanaimo-1.5629620

#97 Ronaldo on 01.15.22 at 8:48 pm

#18 Dr V on 01.15.22 at 1:04 pm
2 fartz

“….plan on using the refund to start pounding cash into
2022 RSPs when I get it.”

Mornin’ fartz. Not sure how you arrange your wage, but it’s better to have the tax reduced at source for your RRSP contribution. You get the entire pre-tax amount
working for you sooner rather than waiting for the
refund which requires repeated future contributions.
—————————————————————
That is very good advice and something that most people are not aware of.

#98 Karlhungus on 01.15.22 at 8:54 pm

Rich dad poor dad is trash. Guys been proven to be a snake oil salesman.

Another good one is millionaire teacher

#99 Sail Away on 01.15.22 at 8:56 pm

#81 Ponzius Pilatus on 01.15.22 at 6:39 pm
#75 Sail Away on 01.15.22 at 6:04 pm
#102 Haby on 01.15.22 at 8:40 am

61 Sail Away Great you and squeeze doing fine. Often don’t agree with you but always read your posts. Good food for thought eh. Any suggestions for those that haven’t been afflicted yet? Thanks eh

——–

Well, it might not fit the expected narrative, but this was the dealio:

A person at my wife’s office tested positive sometime last week. On Tuesday, we started to feel a bit crumby, and had low fever, headache, etc. most of Wednesday. Tested pos. Thursday much better, Friday cured, today did our regular Saturday 10km mountain dog hike. Mountain biking tomorrow.

——–

Another proof that AVATARS are creatures of fiction.

——-

It was hell, Ponzie, pure hell. 6 tylenol, 1 nighttime cold and flu, 14 hours mostly in bed or on the couch in front of the fire. I’d put it right up there with the sheer physical pain a man experiences during childbirth.

It was the first time I’ve been sick since strep throat back in 2013 or so, so there’s that.

#100 Ronaldo on 01.15.22 at 9:18 pm

#42 Summertime on 01.15.22 at 3:14 pm
So we are talking about ‘growth’ with real inflation of 15 % and market returns of 7 %?

The calculations are laughable if you start saving now, 2 millions in 40 years would most likely be the price of a parking space in GTA.

Good luck with that.
—————————————————————
Good luck is right Summertime. To give you an idea of what inflation did to a townhouse that I purchased back in Dec. of 1969 just down the way from the one in the below link. I paid $20,800 for a similar unit. Today it is listed for a mere $1,099,000. So over 51 years an increase of 5200 percent. Using the Rule of 72 and 7% that unit would have doubled 5 times so todays price should be about $665,000. But, if you were say living in Prince George and bought a house there at that time, today it would be worth $400,000. Up 1900%.

https://www.rew.ca/properties/3765677/897-old-lillooet-road-north-vancouver-bc

#101 leebow on 01.15.22 at 9:27 pm

#72 Ponzius Pilatus

This is a well known interpretation, but it’s false. It is not corroborated by any other Putin’s endeavors.

#102 Yukon Elvis on 01.15.22 at 9:37 pm

#85 the Jaguar on 01.15.22 at 7:04 pm
Omg. All this Russia talk. Anyone paying attention knows the Jaguar loves the Russkies. Can’t believe even the Ponz (#72 Ponzius Pilatus on 01.15.22 at 5:59 pm) has clued in to the reality of what’s really going on.

Here’s a link to someone who speaks intelligently on the subject. Former Russian military guy, currently lives in the USA.
He’s also pretty funny. This segment is a week or so ago, but provides real insight. The last thing the Russians want is to be ‘saddled’ with the basket case of Ukraine. Note when you hear him say what sound like ‘cows’, he is saying ‘chaos’. Strong accent… Pour a scotch and enjoy.

http://smoothiex12.blogspot.com/2022/01/i-am-still-recovering.html
++++++++++++++++++++++

In 1994 Russia signed an agreement with Ukraine guaranteeing the territorial integrity of Ukraine if Ukraine would give up their nuclear weapons. Ukraine signed the agreement and got rid of the nuclear weapons. Sergei Lavrov, the current Russian defence minister was signatory to that agreement. Twenty years later Russia invaded Ukraine and annexed Crimea. Small wonder that the small weak former Soviet republics ask to join NATO. Nobody trusts Putin.

https://en.m.wikipedia.org/wiki/Budapest_Memorandum_on_Security_Assurances

#103 Stealth on 01.15.22 at 10:00 pm

Thanks Ryan,

Should insurance be added to your todo/checkup list? Life etc.
That could be a good post, especially now that we are all likely heavier (or whatever is the new socially acceptable term now, maybe we can blame the gravitational constant 9.81m/s2) and …o yes this pandemic risk in insurance policy. Anyways could be both informational and fun post.

Thank you for the post and ‘will’ reminder. Looks like will alone could be a separate post many people I know get lost at ‘probate’ with eyes wide open and that’s it. (Probation does not equal probe and probation is also not what people think, still related to law but not the violation thereof etc…)

Anyways i shall cease and desist at this point.

Have good night and thank your for a great post.

#104 yvr_lurker on 01.15.22 at 10:15 pm

#99
It was hell, Ponzie, pure hell. 6 tylenol, 1 nighttime cold and flu, 14 hours mostly in bed or on the couch in front of the fire. I’d put it right up there with the sheer physical pain a man experiences during childbirth.

It was the first time I’ve been sick since strep throat back in 2013 or so, so there’s that.

———-

Good job for posting a human post showing a little vulnerability. It’s okay, you can go back posting about treking through forests hunting elk or whatever it is you do later. Good job with this post.

Have a good friend of mine, double vaxed, super fit 50 yer old woman (motorcycle babe and adventure seeker) who is in St. Paul’s with Covid, and was in the IUC for 2 days. Fitter than me for sure, but am in decent shape. Floored her, and has been in St. Paul’s for 10 days now. She will be OK I think as the worst is over I believe. Seems completely U^&^^& random who it will hit hard. My 81 year old mother in a long-term care center caught COVID at the end of November and shook it off without problem. Seems really pretty random.

#105 DonM on 01.15.22 at 10:51 pm

For Turnernation …….

https://sacolafinancial.com/

#106 Ponzius Pilatus on 01.15.22 at 10:51 pm

#78 crowdedelevatorfartz on 01.15.22 at 6:29 pm
@#63 Brian
“The Liberal government is moving ahead with their vaccine mandate for truckers entering Canada despite multiple warnings from experts that this policy will cause significant problems. Trucking and logistics experts warn that continued supply chain bottlenecks will lead to empty shelves and delayed surgeries.”

++++

Yep.
I just went to Safeway.
Lots of Dairy ( Canadian Dairy board sees to that).
Fresh Vegetables? ( California) not so much.
Bread was scarce (Calgary).
Processed foods seemed to be getting scarce.

I give this latest poorly planned, poorly announced, poorly considered Federal govt sh!tshow about a week before the public realizes what going on and starts panic buying again.
Fighting over Rutabagas.

The Liberal covid screening policy for truckers will fold like a cheap carnival hucksters tent.

Another ridiculous bureaucratic screw up that a 10 year old dyslexic monkey in a clown suit could figure out.

I await the obligatory ponzie rebuttal in all its pro Liberal inanity.
———–
Here it is, CEF.
I think JT is having a Reagan moment, who fired all the air controllers way back.
Leaders gotta lead.

#107 Ronaldo on 01.15.22 at 10:51 pm

#64 Penny Henny on 01.15.22 at 5:26 pm
#97 Frank Buck on 01.15.22 at 2:49 am
#4 Penny Henney

Greedy shortsighted ill-informed emotion led you to crystallize the 49% gains on XEG.
///////////

Shortsighted? Yeah ok I can see that.
Ill informed? Probably true.
Greedy? Nah, kinda the opposite.

And yes, some of what was sold will be re-invested
————————————————————–
I too currently own XEG and owned it previously when it bottomed back in March 2020 and I doubled my money when I sold it then. I bought it again and am sitting on another nice gain and I too may look at selling it as when I look at the charts it is telling me that we may have a pullback to 12 again before it resumes. Keep in mind that the top three companies in the ETF make up 62% of the total value. They are CNQ, SU and CNV. CNQ is up over 500% since the low in March 2020, SU is up over 200% and CNV up over 800%. There is nothing wrong with taking your gain now especially if our non financial Finance Minister is planning to fiddle with the capital gains thingy. Sometimes you just have to listen to your gut when you are playing around with individual stocks outside of your main portfolio. My casino portfolio last year was up 49% and year before close to 200%. My main portfolio was up 11.8% but when including the gains from my casino portfolio the total gain was over 14% which is not a bad gain. It does take a bit of work though. What I am looking at for this year is Copper, Uranium, and Silver and certainly Energy as all of these should do very well. Good luck with your new picks.

#108 the Jaguar on 01.15.22 at 11:00 pm

@ 102 Yukon Elvis

++++++++++++++++++++++
In 1994 Russia signed an agreement with Ukraine guaranteeing the territorial integrity of Ukraine if Ukraine would give up their nuclear weapons. Ukraine signed the agreement and got rid of the nuclear ?weapons. Sergei Lavrov, the current Russian defence minister was signatory to that agreement. Twenty years later Russia invaded Ukraine and annexed Crimea. Small wonder that the small weak former Soviet republics ask to join NATO. Nobody trusts Putin.
+++
Well……I guess you have to decide whose side of the story is more plausible. Was Crimea ‘annexed’ for example, or was it a legitimate democratic vote to rejoin Russia? When exactly did Russia ‘invade’ Ukraine? Who also has been supporting military exercises in that country which borders Russia and goes back on promises from 1997 not to expand NATO beyond then current borders?

My personal view is that we are far too trusting of western media sources. Look no further than the situation in our own country. I like to keep an open mind. Below are some interesting articles. If you want a little bit of perspective on film check out Oliver Stone’s ‘Ukraine on Fire’, which provides some perspective on the ‘Orange Revolution’, whatever…. Ask yourself what would be ‘in it’ for Russia to take on Ukrainegiven it’s current state of decay and why the US is so involved in this little piece of geography, so troubled, and so very far away. Each to their own observations and opinion on the matter.
https://thesaker.is/the-saker-interviews-dmitry-orlov/
https://thesaker.is/who-wants-some-ukraine/
http://cluborlov.blogspot.com/2021/04/putins-ukrainian-judo.html
https://thesaker.is/this-is-how-the-u-s-does-dialogue/

#109 SoggyShorts on 01.15.22 at 11:08 pm

#75 Sail Away on 01.15.22 at 6:04 pm
#102 Haby on 01.15.22 at 8:40 am
A person at my wife’s office tested positive sometime last week. On Tuesday, we started to feel a bit crumby, and had low fever, headache, etc. most of Wednesday. Tested pos. Thursday much better, Friday cured, today did our regular Saturday 10km mountain dog hike. Mountain biking tomorrow.
*****************
Glad to hear your experience was relatively minor.

#110 Yukon Elvis on 01.16.22 at 12:07 am

#108 the Jaguar on 01.15.22 at 11:00 pm

-When exactly did Russia ‘invade’ Ukraine?
++++++++++
Feb., 2014.

https://en.m.wikipedia.org/wiki/Russo-Ukrainian_War

#111 AB on 01.16.22 at 12:20 am

Some shelves are bare here in the grocery stores of Medicine Hat too. What in blazes is wrong with that ridiculous junior and his minions? It is quite unsettling to see ones own Federal government ( even if we didn’t vote for) hell bent on destroying ones own country. Really distressing. The policy to force trucker’s to get the vaccine is incredibly shortsighted and without logic. God help us all.

#112 Exodus 2020 on 01.16.22 at 12:35 am

Rich dad, poor dad author is big on Bitcoin and pumping it. Not sure if I’d be promoting the book.

#113 willworkforpickles on 01.16.22 at 2:20 am

#95 Ponzius Pilatus

“And in the end, it does not matter from where the bomb comes from, as it means mutually assured destruction.”
……………………………………………………………………………………………..

You guys are truly living in the past around here.

#114 PFIGUY on 01.16.22 at 2:43 am

Wealthy Barber is really not a good recommendation anymore. It’s out of print and out of date. The Wealthy Barber returns is more up to date but not as readable as the original. Beat the Bank is probably the best book for Canadians today.

#115 willworkforpickles on 01.16.22 at 2:57 am

#94 crowdedelevatorfartz
…for PP
“Walk the neighborhood.
Carry pepper spray.
Wear a stab proof vest.
Don’t make eye contact.”
………………………………………………………………………………………………………..

Most experienced street fighters using a shank go for the upper arms and shoulder areas first. It disables their opponents instantly most of the time.
I know most don’t carry handguns where you are, but many who carry knives, don’t know how to use them anyway. Many don’t know how to defend themselves from those who don’t know how to use them either.

#116 HUNGRY BEAR on 01.16.22 at 4:19 am

#86 KLNR on 01.15.22 at 7:06 pm
@#76 HUNGRY BEAR on 01.15.22 at 6:08 pm
THANKS UN-VAXXED….. We appreciate your ignorance.

https://www.cbc.ca/news/health/sarnia-bluewater-health-hospital-covid-patients-1.6315681

they’re really going hard for the darwin award out there in sarnia
—————–

Sarnia is just ahead of schedule. A city off of the 401 with a population of 75K. Just wait until the big cities along the 401 get the UN-VAXXED covid surge. There won’t be a hospital bed available in Ontario for a mother to give birth. Such a SHAME!!

#117 Wrk.dover on 01.16.22 at 7:41 am

SU-TSX, I had that for near a year, never would have got my money back if pres bone spurs hadn’t snuffed Saly-Many in Iran. So glad that happened!

It is still @ 75% of pre pandemic.

Be careful out there.

#118 crowdedelevatorfartz on 01.16.22 at 8:13 am

@#106 Ponzie’s Pal

“I think JT is having a Reagan moment…

+++

Yes, they were both trained actors.

#119 crowdedelevatorfartz on 01.16.22 at 8:23 am

I noticed the 6pm news last evening had long haul truckers being interviewed about the new Covid rules at the border.
They all seemed to be in agreement that it would slow things down.
I give the Trudeau govt about a week before the voters without fresh squeezed orange juice start screaming for political blood regardless of what Ponzie thinks.

I also noticed the next News story was MORE truck drivers complaining about the dreadful driving conditions in the mountains.
Snow, ice, lack of plowing, etc.
“We are having a hard enough time recruiting new drivers without these issues. Drivers are leaving the industry because of the dangerous conditions.”

Perhpas the govt bureaucrats in Human Resources should spend less time worrying about where they can find the next visible minority , gender neutral, gay snow plow driver and……just hire the next available person to…..get the roads cleared?

Oh, right.
No one is available….they’re all still on CERB.

Perhaps we could early release violent prisoners to plow the highways?

Ponzies fresh squeezed OJ depends on it.

#120 Ryan Lewenza on 01.16.22 at 8:26 am

Stealth “Thanks Ryan, Should insurance be added to your todo/checkup list? Life etc.”

Absolutely. Both life and critical illness. I actually had that on my list but excluded it in the end so as not to overwhelm the readers. Maybe I do a follow up on that topic in the future. – Ryan L

#121 NoName on 01.16.22 at 9:07 am

Moment when you realize that 1$ is 100c…

https://twitter.com/SpaceManRas/status/1482573061593382912

#122 the Jaguar on 01.16.22 at 9:26 am

@Yukon Elvis
Providing military assistance to Donbas, which is pro Russia is hardly an ‘invasion’ of Ukraine. It’s now more like an evacuation. Wikipedia has many takes on this..

#123 crowdedelevatorfartz on 01.16.22 at 9:32 am

@#114 PFIguy
“Wealthy Barber is really not a good recommendation anymore. It’s out of print and out of date. The Wealthy Barber returns is more up to date but not as readable as the original.”
++++

Yeah I agree.
The Wealthy Barber was an easy to read classic starter book for neophyte investors.
The Wealthy Barber Returns was annoying.
I think he wrote it to pay for the divorce he kept whining about.
I’ll have to check out Beat the Bank.

@#115 PicklesInPrison
“Most experienced street fighters using a shank go for the upper arms and shoulder areas first. ”
++++

My my. The things we learn from the internet.
I rely on the advice from my old Karate instructor ,
Rule #1. “Run”

#124 Ponzius Pilatus on 01.16.22 at 10:38 am

#119 CEF
Here’s my advise if you want to live a long and healthy live:
Ditch all juices, especially orange and apple juice.
Far too much sugar.
Always eat the whole fruit.

#125 leebow on 01.16.22 at 11:13 am

#122 the Jaguar

It is an absolutely established fact that Russia had regular forces both across the border and supporting from within Russian territory. Beyond any doubt.

Don’t fall for this crap. That “former Russian military guy” that you posted is a paid tool of propaganda and disinformation – it’s unlikely that he does it for free.

#126 Yukon Elvis on 01.16.22 at 11:40 am

#122 the Jaguar on 01.16.22 at 9:26 am
@Yukon Elvis
Providing military assistance to Donbas, which is pro Russia is hardly an ‘invasion’ of Ukraine. It’s now more like an evacuation. Wikipedia has many takes on this.
+++++++++++++++++
And Russia is not respecting Ukraine’s territorial and political independence as they agreed to do in 1994 in return for Ukraine giving up it’s nuclear weapons. Russia’s words and promises and agreements are meaningless. It is why former Soviet republics want to join NATO.

https://en.m.wikipedia.org/wiki/Budapest_Memorandum_on_Security_Assurances

#127 willworkforpickles on 01.16.22 at 11:53 am

#123 crowdedelevatorfartz
@#115 PicklesInPrison
“Most experienced street fighters using a shank go for the upper arms and shoulder areas first. ”
++++

In prison they go for the jugular.

#128 Don Guillermo on 01.16.22 at 12:24 pm

#125 leebow on 01.16.22 at 11:13 am
#122 the Jaguar

Don’t fall for this crap. That “former Russian military guy” that you posted is a paid tool of propaganda and disinformation – it’s unlikely that he does it for free
************
Unlike the Western MSM

#129 Dharma Bum on 01.16.22 at 12:29 pm

#82 Voice of reason

Forget the bookstore. Borrow the Finance books mentioned from your local public library.
———————————————————————————————————-

What’s a bookstore?

#130 the Jaguar on 01.16.22 at 12:32 pm

@ 125 leebow……

Well, not sure about ‘absolutely established’ given this comment from the link above/below:

‘ Although Western press has continuously reported on “Russian forces” in the Donbass, they are yet to present any evidence of it. ‘
https://thesaker.is/who-wants-some-ukraine/

The Russiaphobia is never ending and there will be plenty more later this month when the leader of Iran visits Russia and Putin shows up at China’s Olympic opening ceremony…

Best we get back to real estate and investment talk and the like, or Garth is going to get an itchy delete finger….

Time to ‘invest’ in my health and get out for walk in the Alberta sunshine :)

#131 Dharma Bum on 01.16.22 at 12:34 pm

#124 Ponzius

Here’s my advise if you want to live a long and healthy live:
Ditch all juices, especially orange and apple juice.
————————————————————————————————–

Try telling it to Shawn the genius. He believes that is “fringe” thinking by the nutters.

Yes – the “educated” one who has “read a lot of books” -still thinks milk and orange juice are actually good for you.

#132 Phylis on 01.16.22 at 12:46 pm

#129 Dharma Bum on 01.16.22 at 12:29 pm
#82 Voice of reason

Forget the bookstore. Borrow the Finance books mentioned from your local public library.
———————————————————————————————————-

What’s a bookstore?
Xxxxxxx
Amazon. It’s too much fun being here.

#133 The joy of steerage on 01.16.22 at 12:49 pm

#130 the Jaguar on 01.16.22 at 12:32 pm
@ 125 leebow……

Well, not sure about ‘absolutely established’ given this comment from the link above/below:

‘ Although Western press has continuously reported on “Russian forces” in the Donbass, they are yet to present any evidence of it. ‘
https://thesaker.is/who-wants-some-ukraine/

The Russiaphobia is never ending and there will be plenty more later this month when the leader of Iran visits Russia and Putin shows up at China’s Olympic opening ceremony…

Best we get back to real estate and investment talk and the like, or Garth is going to get an itchy delete finger….

Time to ‘invest’ in my health and get out for walk in the Alberta sunshine :)

Fun reading……Saker dude likes his vodka……

#134 Sail Away on 01.16.22 at 1:02 pm

Here’s a good Sunday read on investing: ‘Trying Too Hard’ by Dean Williams

Key points: Reversion to the mean, historical returns, buy the bargains. Forecasting is usually bunk.

https://click.convertkit-mail4.com/p9ukg0log8a9he72e0a8/n2hohvhne88e4gt6/aHR0cDovL2NzaW52ZXN0aW5nLm9yZy93cC1jb250ZW50L3VwbG9hZHMvMjAxMy8wNy9UcnlpbmctVG9vLUhhcmQucGRm

#135 Don Guillermo on 01.16.22 at 1:33 pm

#130 the Jaguar on 01.16.22 at 12:32 pm
@ 125 leebow……

Well, not sure about ‘absolutely established’ given this comment from the link above/below:

‘ Although Western press has continuously reported on “Russian forces” in the Donbass, they are yet to present any evidence of it.
*******************************
My friend Pavel, who fled after the Soviets invaded Czechoslovakia in ’68, used to say “the difference between Soviet propaganda and Western propaganda is Westerners believe theirs”.

#136 leebow on 01.16.22 at 2:17 pm

#130 the Jaguar

The evidence is overwhelming. I could send you links with hard evidence from actual newspapers and news agencies that have credibility, not some saker whatever it is. But nothing will change your mind.

Rusophobia is what Putin craves and creates.

#137 the jaguar on 01.16.22 at 2:40 pm

136 leebow…..

Send them to Dharma Bum. He vettes all my mail for me…

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