What women want

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Today we add to the GreaterFool family of bloggers courageous (or reckless) enough to place their thoughts, beliefs and best advice before the rabble this pathetic site has attracted. Tatiana Enhorning works as a Financial Advisor at Turner Investments, where she builds and maintains portfolios. She has extensive experience in the asset management business, on both the institutional and retail sides. – Garth

   By Guest Blogger Tatiana Enhorning
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According to DeBeers, it’s diamonds. According to your gym, it’s men with muscles and according to your mom, it’s a successful husband and a bunch of babies. These might be true for some. Being financially literate wouldn’t usually jump to mind.

My late grandmother was fortunate in many of these areas. In addition to having the idyllic life of a respected doctor’s wife, she had four healthy children, money was plentiful and they spent winters down south. She was university educated, fluent in several languages and truly the woman behind the man. My grandfather revered her and conforming to traditional marital roles worked for them. She was adept at taking care of business at home while he built his career and took care of business outside the home, which included their finances and investments. And what’s wrong with that? She wasn’t interested in the finances, she was far too busy anyway!

Well the answer is nothing was wrong…until everything was wrong.

My grandfather spent his life providing for the family and building wealth, so that his wife would never want for anything. But when he passed, my grandmother suddenly found herself in charge of a mountain of financial documents she had never dealt with before. Life happens. Most of us know someone who has suddenly found themselves without their life partner. The average widow is now only 56 years old and widowed women account for 45 percent of all women over age 65, according to Statistics Canada, and senior widows outnumber senior widowers by four to one.

We can’t prevent life events from happening, but we can prepare for them. Division of labour within a household is necessary but managing the entire family’s financial future is not just another household task. Unlike mowing the lawn or doing laundry, if you’re not used to dealing with money, let alone investments, it’s hard to pick up on short notice.

Once she was on her own, my grandmother often expressed that she couldn’t buy something at the grocery store because she “didn’t have enough money”. This shocked me — they had always had enough! When I looked at her assets, I was surprised to see a disconnect. From a financial standpoint, she had more than enough to live comfortably. Yet the ample assets on her statements were not making her feel secure. It was excruciating to see her not only in mourning, but also anxious about money. Nothing her family said could reassure her and it became very clear to me that having a large nest egg does not necessarily equate to financial comfort. A number on a page can be rendered meaningless if it has no context. My grandmother was very intelligent, but she was not financially literate, so she couldn’t extrapolate how long her money would last or whether she could continue to live comfortably. She was, therefore, left worrying she could run out of money at any time.

Of course, I cannot say what every woman wants. But I imagine not having to stress about money would be desirable for most people.

Whoever you are, as a reader of this blog you have likely learned many things over time which could benefit someone you care about — especially those who may not find finance as interesting as you do. Countless clients have told me over the years that it’s common for women in particular, not to get as involved in the finances because they feel they don’t have enough knowledge or don’t know where to start. If you know anyone like that, then sharing your knowledge and encouraging them to play a more active role can help ensure they achieve what everyone wants — to be financially free and comfortable throughout their life.

It may not be riveting to learn, but we can’t avoid it forever. Understanding the fundamentals and how one’s finances can be used to achieve long term goals can be very powerful in gaining a sense of overall financial wellness. Not everyone needs to be an expert, but everyone should get involved.

Cover the basics:

Get organized
Gather financial documents and ensure you can access all accounts. Make sure wills, executors and power of attorney documents are updated and in a secure place. Compile the contact details of all family financial advisors, accountants, bankers and lawyers. Hope for the best, while being prepared for the worst.

Get educated
It’s not necessary to follow the markets every day or take financial courses to make sense of personal finances. Get to know your financial professionals, attend the meetings and get used to how the investments work. Get curious and get your questions answered. Clarify the jargon, understand the fee structure and whether or not the risk is right for you.

Get advice
If the above seems daunting, ask a professional Financial Advisor for help. Money can be very tough to talk about, so finding someone who is trusted and easy to talk to is important. Like the relationship with your family doctor, the more trusting and open the lines of communication, the better and more personalized the advice can be. The right Financial Advisor can help you make a plan, understand the securities that will work best for your goals and guide you through the many transitions life may have in store.

My grandparents hadn’t realized how critical financial literacy would become to my grandmother’s overall wellbeing later in life. But if they had, I’m sure she would have endeavored to build a general understanding of their assets and how they work. If she had this financial knowledge base ahead of time it could have, at very least, reduced the acute and overwhelming stress she was thrust into.

By starting now and increasing financial literacy progressively over time, women can achieve and maintain the financial comfort and confidence everyone wants.

Tatiana Enhorning is a Financial Advisor with Turner Investments. She builds and maintains portfolios for clients across Canada, and has been in the business as an asset manager for more than a decade.

 

172 comments ↓

#1 Brett on 06.24.22 at 9:47 am

Welcome! Great to hear from another voice!

#2 Nicole on 06.24.22 at 9:53 am

I appreciated this post so much. Thank you!

#3 Divine intervention on 06.24.22 at 10:16 am

Welcome aboard the Nutcase Express. Unfortunately, the train never stops to let the crazies off at the asylum!

Finally, an article with some practical advice.. and on a Friday of all things. I started involving my wife 15 years ago and she is now in a position to take over the reigns…which it appears she will need to do sooner than later!

#4 Don Guillermo on 06.24.22 at 10:19 am

Great post Tatiana. Welcome aboard. Although I’m not financially illiterate my wife takes the lead on most of our finances. She enjoys it and more importantly she’s just better at it. I do mow the lawn though. Saludos. DG

#5 KNOW IT ALL on 06.24.22 at 10:21 am

Hi Tatiana!

#6 crowdedelevatorfartz on 06.24.22 at 10:35 am

Excellent advice.
Welcome to the blogdog pound….

#7 Quintilian on 06.24.22 at 10:39 am

“Once she was on her own, my grandmother often expressed that she couldn’t buy something at the grocery store because she “didn’t have enough money”.

Tatiana,
Seems to me your grandmother’s poverty consciousness originated from within.

This is sad because your industry seems to excel in incubating and exploiting that sense of fear, perhaps not as effectively as the RE industry, but close enough to be the runner up.

#8 Scent of a Woman on 06.24.22 at 10:42 am

So basically what we’re agreed on is no one knows what women want?

Woman want love, but want the one who loves them to have this man made thing called money. More the better ideally because purses are expensive!

Men want women to love them for them, not their money, yet buy fancy things to show women they have money in an effort to attract women and show how important they are. Ha ha ha…drop the “R” in important and you’re right next door to impotent! Don’t you love the English language? It’s like it’s trying to tell us some life secrets.

I think we can all agree, this is one giant can of worms.

Fortunately, fishing season is open, and worms are great bait!

To add to all this confusion, as you near the end of your life do you want more money, riches, things? Is that what defines a life? Your life? My life?

Here rests…

Dolce Vita.

2009-2021

He had a Custom Lambretta and a fancy cappuccino machine.

RIP

This is what it’s about? Crap you bought and owned?

Are you just your job? Your car? Your clothes?

I’ve actually started to associate wealth with wasteful lately.

Wealthy tend to buy more, fly more, consume things that are more wasteful and demanding to make and thus if you think about it, disproportionately contribute to all the waste byproducts more due to that wealth. I personally found it distasteful and have put my life on a diet. Wouldn’t you know it…right on time as inflation hits I’m consuming less than ever in my entire life, and feel happier than ever. Talk about perfect timing. What to make of this?

#9 Mike oleary on 06.24.22 at 10:43 am

Great insight Tatiana,I have always had my wife do the finances way smarter than me. Just hearing your story has made me think I need to get involved, thanks for opening my eyes

#10 crowdedelevatorfartz on 06.24.22 at 10:47 am

Inflation part deux.
Toyota Red Tag sales financing Jan 2022 1.8%
Toyota Red Tag sales financing Jun 2022 5.69%

#11 Linda on 06.24.22 at 10:48 am

Tatiana, a very good post about the importance of financial independence. It isn’t simply having ‘your own money’, it is having the confidence that you can take care of business & manage your affairs to achieve the results you want.

#12 Dr V on 06.24.22 at 10:49 am

Welcome to steerage, Tatiana.

This comment struck a chord.

“Once she was on her own, my grandmother often expressed that she couldn’t buy something at the grocery store because she “didn’t have enough money”. This shocked me — they had always had enough! When I looked at her assets, I was surprised to see a disconnect. From a financial standpoint, she had more than enough to live comfortably.”

Have some retired friends. He’s got a pension from his millworker career, and I suspect it’s bridged. she collects a little CPP (took it early).

They still have a small mortgage on a modest home, but he wants a new truck, and figures he can make the payments. So for them, it’s no different than working
because the income is consistent.

Wife and I have our own savings, but no work pension.
There is no auto-renewal of money every month except my CPP and now her CPP and OAS. Every dollars spent feels like its gone forever.

Still setting things up with our advisor and accountant.
Hopefully my mindset can change.

Or do I really want it to?

#13 Ponzius Pilatus on 06.24.22 at 10:50 am

What women want?
Interesting question in light of the US Supreme Court decision.

#14 Sail Away on 06.24.22 at 10:50 am

Welcome, Tatiana!

#15 New Day ...for all! on 06.24.22 at 10:52 am

New Day! …soon, as July 1st is coming up.

Get a new flag made to celebrate the “New Day” July 1st Garth.

Make sure your design uses all 64 colours in the Crayola crayon box too!

Be hip. Be with it. Keep up with the times. Don’t be left behind. Listen to Arcade Fire and WAKE UP!

What TurnerNation doesn’t tell us in his posts is that Canada won’t last much longer as an entity. All part of a well overdue upcoming reset. Those Treaties with the Monarchs don’t stand a chance of being upheld and legally binding once light is shined upon them in Supreme Court. Plus, they are being flagrantly violated.

Lease over! Get out(say the Natives to the occupiers rightfully)…it is our home and native land!

…wonder what will happen to all the “lease holds” for $2m slanted semis or $1.2m Cambridge fixeruppers? Hahaha. You know you don’t own the land your house stands on, right? You’re a sub-lease at best.

But hey…all ex-Canadian Citizens, as people with no homeland will probably get UN Passports…so bonus there!

I’ve already trained myself in the mirror to deal with customs.

Q: “What country are you a citizen of Sir?”
A” “Earth.”

I can now say it with a straight face.

https://nationalpost.com/news/cancel-cultures-new-target-renaming-canada-day-events-in-winnipeg-sparks-controversy

#16 baloney Sandwitch on 06.24.22 at 10:58 am

Great first column and good topic. I have been taking care of my finances since the beginning of time and the wife everything else. My weakness is speculation so I have set aside a couple of mil’s in a sepererate account conservatively managed by a FA (just in case i completely screw up). Its been a challenge to get her interested. I will send this blog post to her.

Hope to see you here again. In terms of writing style do throw in some chilli and pepper like your boss – the insult dog Garth. The dogs in the caboose like to be treated roughly – just to show who is boss.

#17 Obi-Woke Kenobi on 06.24.22 at 11:03 am

#13 Ponzius Pilatus

What women want?
Interesting question in light of the US Supreme Court decision.

—-

Year back, I watched the 2-part Rosanne show episodes about abortion.

It was one of the most honest things on the subject I’ve seen on TV. For once the father (man) was taken into consideration.

It’s a complicated issue, but no doubt that this was one of the most intelligent ways of presenting how complicated the issue is.

As for the US…clearly it is heading backward and dissolving with more guns, people turning 18 getting crazy weapons when all they should be allowed to have is a 22 until turning 22 years old (since there is no chance Americans will put the guns away). You should not be able to get an AR until at least 30 years of age. Just like you can’t fly a 777 right after you get your pilot license!

Anyhow…US is going slightly mad. Where to go really? Time to go back to where we came from and leave this North American continent?

#18 Bezengy on 06.24.22 at 11:06 am

Tatiana?……wasn’t that the name of the of the gal in the series “Money Heist”? She was the…..never mind.

Just another reason to have a good financial planner. In case of death (mine), it would make things a lot less stressful for the wife, who undoubtedly will outlive me by 30 years or so.

#19 Sara on 06.24.22 at 11:09 am

Not sure this gender stereotype applies today, but maybe my situation is not the norm. I try to get my husband involved in budgeting, investing, tax planning, etc, but he has little interest and seems content that I handle everything. He is happy as long as his debit and credit card work. Fortunately I have made records of where everything is, passwords, etc so hopefully he could manage in the event my death precedes his.

#20 Ponzius Pilatus on 06.24.22 at 11:10 am

Nowadays, I think the question should be:
What Men want.
In my household the Queen reigns supreme.
As any salesmen will tell you the better side makes the final decisions on a major purchase.
And that’s just not me.
I see the same in my extended family, and with my acquaintances.
The times they are a’changing.
And for the better.

#21 DON on 06.24.22 at 11:15 am

Welcome Tatiana!

Great Post.

In my situation my wife is in charge of finances and I do the research and analysis on financial decisions and present it to the Board. We both sit on the Board but she has more votes, apparently one for each child.’

By the way, are you wearing your Greater Fool Flak Jacket?

Thank you for a good, interesting read and lessons. That average widow age was surprising.

Hats off to all the ladies in our lives. We owe them everything.

#22 Sail Away on 06.24.22 at 11:19 am

#8 Scent of a Woman on 06.24.22 at 10:42 am

Ha ha ha…drop the “R” in important and you’re right next door to impotent! Don’t you love the English language? It’s like it’s trying to tell us some life secrets.

——–

Deep.

Incorporate that same R, and it becomes: “Dreep”

Uncanny.

#23 Tatiana Enhorning on 06.24.22 at 11:22 am

#2 Nicole this is great to hear, thank you for sharing!

#24 Tarot Card on 06.24.22 at 11:24 am

Welcome Tatiana

When you said grandmother I thought of my grandmother born in the 1890s then looking at your picture your grandmother is probably close to my age!

Great article!

I think women are more educated now in finances than previous generations. But yes talking to friends whose partner has died you are correct many baby boom women are probably not literate in investments . But I think women are far superior with to day to day budgeting.

Anyway I am lucky when I tell my wife her portfolio dropped 20 percent her reaction is always and I quote, it will go back up. And she reads zero financial articles and blogs. I am a lucky dog!

My mother born in the 1920s never invested in stocks but laddered five year term GICs. I know Garth shutters in his sleep at GICs but I am talking the time when they paid north of 15 percent. She slept at night.

Keep up the good work!

Here’s a question for all Canadians, I wonder if we could stand up and make sacrifices in oil consumption to help Europe with its oils crisis.

Probably not as all the truckers are descending on Ottawa again.

What a weird country we live in.
So last year we could not fly the flag because you know what.
And this year if we fly the flag does that support truckers?

Gosh I hope not!

Have a great day!

#25 Alberta Ed on 06.24.22 at 11:25 am

Amen! Share everything jointly, make a will, keep your finances simple (preferably under one roof), and find a good financial advisor.

#26 Money for nothing ... on 06.24.22 at 11:36 am

#10 crowdedelevatorfartz on 06.24.22 at 10:47 am
Inflation part deux.
Toyota Red Tag sales financing Jan 2022 1.8%
Toyota Red Tag sales financing Jun 2022 5.69%

——————————————————-

… and your clicks for free!

Funny but true.

When Lexus offered the low rate @1.9 to me in March/April of this year, for a late model premium used Hybrid SUV, I said sure … if you are giving money away, I’ll take it.

Though we could have paid in cash in full, I chose to finance it at this rate. Probably should have done the whole amount since the money I “saved” is paying off the vehicle.

#27 PBrasseur on 06.24.22 at 11:39 am

As a great philosopher once said:

You can’t always get want you want, but if you try sometimes you’ll find you get what you need!

#28 Prince Polo on 06.24.22 at 11:56 am

Welcome aboard Tatiana! I hope Garth gave you a cheat sheet of the rabble-rousers of the steerage section.

#30 Søren Angst on 06.21.22 at 4:16 pm
#21 Sail Away
Sail Away:
“Shake not thy gory locks at me.”
Faron:
“Thou cream-faced loon”.
Sail Away:
“What, you egg. [Stabbing him]. Thou young fry of treachery.”
Faron:
“He has murthered me, mother. Run away, I pray you.”
—————–
Settling it with artistic license from Macbeth.

This method of delivery is so much more enjoyable! Thanks Søren.

Please SA & Faron (who are secretly BFFs), submit all witty repartees to Dolce for daily summarizing via Shakespearean burns!

Oh what a rogue & peasant slave am I….

#29 DON on 06.24.22 at 11:58 am

#19 Sara on 06.24.22 at 11:09 am
Not sure this gender stereotype applies today, but maybe my situation is not the norm. I try to get my husband involved in budgeting, investing, tax planning, etc, but he has little interest and seems content that I handle everything. He is happy as long as his debit and credit card work. Fortunately I have made records of where everything is, passwords, etc so hopefully he could manage in the event my death precedes his.

********
My lovely wife and sisters do the same.

#30 Jorge on 06.24.22 at 11:59 am

Welcome Tatiana! You are so right. Most women I know trust their male partners to take care of investments and retirement stuff, they are good with home finances though. I hope this article encourages more women to pay more attention on the subject and get more involved. I know many will be surprised by what they may find.

#31 Flop… on 06.24.22 at 12:00 pm

Hey Tat.

Spoke to my Dad for the first time in nearly 20 years the other day.

Only a couple of minutes into the conversation he wanted to know if I was going to be able to look after myself when he was gone.

I told him Vancouver ain’t the cheapest place to live but I manage to stay out of the marbles.

I also added Mrs Flop and I hardly ever argue about money because both of us are trying to get to the same financial finish line at the same time.

She had been pounding money into her RRSP for about a decade when we met and married, I had been putting a couple of hundred bucks into my Australian superannuation, so it at least showed the intentions of the other partner was not to be a total financial delinquent.

No kids, some would say that’s a fail.

No house, or mortgage, some would say that’s strike two.

My parents, upon retirement, sold their house and all of their furniture before buying a place in the warmer State of Queensland.

One of the questions I asked my Dad the other day was, when you got your cancer diagnosis, why didn’t you simply move back to Tasmania where your friends and family were.

He said they had just streamlined everything, it was meant to be for a less complicated retirement, but now he realizes it’s main purpose will mean my Mum will have less to do upon his passing.

I guess there’s no wrong or right, my wife and I have older siblings who have not produced offspring either, the bloodline will stop with us, no need for a house full of crap to pass onto anyone.

I would do strike three, but I can’t seem to find my baseball bat.

Maybe, I too, need to get rid of some crap…

M48BC

#32 Victor Llearna on 06.24.22 at 12:03 pm

Better to learna finances early than be taught a costly lesson later.

#33 Stone on 06.24.22 at 12:14 pm

Nicely written, Tatiana.

Before passing, did your grandmother improve her relationship with money or did this issue persist? I’ve found most people with this sense of internalized poverty have an extremely difficult time to shake it off.

#34 Tatiana Enhorning on 06.24.22 at 12:17 pm

#29 DON and #19 Sara, I certainly agree more women are getting involved with investing. Attempting to get both partners even slightly involved is very smart. It sounds like the women in your lives are on the leading edge. This is not the norm yet for any generation, but hopefully soon!

#35 Doing my Part on 06.24.22 at 12:41 pm

Wow, great post, fantastic writing and story.
Made me think about my situation, some parallels, better get on with some of your recommendations.

#36 Russ on 06.24.22 at 12:41 pm

Hi Tatiana,

Thanks for the blog post.

About a dozen years ago I started to drag the wife into the regular meetings with our TD advisor.
She was most interested in “the pie chart” that showed our holdings. At the time, we were over-weight in bonds, 2010ish, and he withheld the chart from us. At the end of the meeting it became visible in his pile o papers.

We went to a different advisor a month later and she still comes to our quarterly update meetings.

I keep a hobby account with TD just for my own entertainment.

Cheers, R

#37 Doing my Part on 06.24.22 at 12:42 pm

Oh yeah, Bitcoin going to zero, get out while you can.

#38 Elon Fanboy on 06.24.22 at 12:47 pm

Welcome to the steerage section Tatiana!

So someone explain this to me like I’m 5….I don’t see how inflation will drop unless oil prices drop.

Sure higher interest rates will screw those upto their eyeballs in debt.

But oil literally drives all economies. Until crude drops, delivery costs….of everything….and everything downstream of that will remain high, no?

#39 Russ on 06.24.22 at 12:48 pm

Prince Polo on 06.24.22 at 11:56 am

Please SA & Faron (who are secretly BFFs), submit all witty repartees to Dolce for daily summarizing via Shakespearean burns!

Oh what a rogue & peasant slave am I….

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

Oh Prince,

I think the term slave is being cancelled from our current language.

I was at the auto parts store yesterday picking up the involuntary assistant cylinder for the clutch on our old Vanagon.

The earlier threads about Volkswagons being unreliable sure holds true. This is already the second cylinder in 40 years on this old bus.
And the analog odometer quit working at 360,000 km. Piece of junk :)

Cheers, R

#40 Shawn on 06.24.22 at 1:08 pm

Ways to make sure your wife is okay after you die first

1. Have two government jobs with DB pensions at high salaries and lots of years of service. Problem solved.

2. Failing 1. and she did not contribute much to CPP. Delay our own CPP to age 70 to maximise her share after death. (Though did I read recently that the survivor benefit is only 60%? Still, maximise it. You might also live to 95 collecting the higher delayed CPP)

3. If no DB and she did not have an income you HAVE to use spousal RRSP. This is a fantastic benefit. Contribute at your 35% plus tax rate and take out at a far lower benefit. It’s actually FAR better than TFSA. Negative tax really on the growth considering the initial tax savings.

4. If there are DB pensions, especially two, try to maximise TFSA.

5. Never tell her about stock market losses. She does not want to hear. Mention the markets only after you are up at least 10% on the year. That will lower her stress and cause her to live longer.

#41 Yogi on 06.24.22 at 1:10 pm

I haven’t written to the steerage section in over 4 years, but have been reading daily since 2008! I love that Garth finally brought a woman’s perspective to the blog, and a well written one at that. I have 2 daughters and have been teaching them financial literacy since they were about 12 or 13 years old. Now I have 1 in university taking Business and the other is 16 and learning about ETFs. They are now teaching their friends… oh and this blog is required reading in my older daughter’s university course. Thanks again for the blog to all the writers – I don’t write enough to thank you Garth. (mandatory suck up – lol)

#42 Faron on 06.24.22 at 1:11 pm

Thanks for the blog post today Tatiana. I hope you are able to avoid getting roped into comments moderation. Pretty much a waste of your time and useless for your resume unless you have an eye to becoming a professional cat herder.

Best of luck!

#43 Felix on 06.24.22 at 1:12 pm

Happy Feline Friday!

More women want cats. Because they are smarter, like Tatiana.

Did you know:

Cats can be toilet-trained. (unlike dogs and some deplorable commenters here)

#44 Dragonfly58 on 06.24.22 at 1:17 pm

Internalized poverty, Stone 33. Growing up in a blue collar family , then too many years in post sec. education left me with a deeply internalized sense of internal poverty.
Once I entered the workforce an apprentiship then almost a decade as a casual worker reinforced the feeling. When I finally made it in a decent career in my later 30’s I was very debt adverse. Bought a rather modest house that turned out to be in far worse condition than it appeared to be at the time of purchase.
Been saddled with it and the never ending repair project ever since. In hindsight I should have spent more and ended up with a much more durable place .
Not saying any home is maintenence free, just it shouldn’t become a total structural re creation.
The decent places are now far more expensive than our current places market value, so if we sell it will mean a mortage well into our 70’s. Currently on the market, wife isn’t willing to end her days in a place like this.
Good thing I grew up poorish, very frugal. It looks like that sums things up for the duration.

#45 DER on 06.24.22 at 1:20 pm

Good post…you might find my story interesting: approx 50 yrs ago I got married; I had my own business which had perhaps 10 employees and my wife was independently employed. The month we married we bought our first house ..$23,800 purchase price, 3 mortgages, the first at 12.5%!
In any event, I hired a painting contractor to paint the house and at supper one evening my wife asked me how I intended to pay for all our personal bills. So I tossed my cheque book over to her and said “you look after it” and from that moment on I have never done any of our personal finances and it was the best move I ever made. She has always worked ,mostly outside of any business I had, and by nature is a common sense, frugal person. Not only did I never have to worry about any personal finances but she has managed to save a significant amount of money. If I croak before her she will not miss a beat!

#46 Søren Angst on 06.24.22 at 1:29 pm

#8 Scent of a Woman

FYI.

I live on the down low. Can afford more but I do not spend. Never one for a lavish lifestyle and the bling bling. Modest top floor 950 sq. ft. condo, well located though. Within a 15 min walk I have all that I need.

BTW, it’s a Macchina da Caffè Automatica not whatever you called it…then again, yet another know nothing Canadese.

And get with the times. The rage in Italia, provided your are not in Napoli with a million ancient cobblestone streets, are Monopattini.

Have to admit a weakness for cars when young. Mustangs. SC Corvettes. But no more.

I don’t drive (low carbon footprint). Walk, bus, taxi, planes, trains. All you need in Italia unlike gigantor Canada with 100’s to 1,000’s of km between major cities. My Region of FVG in the NE to Puglia (the heel of Italia) is a 10 hr drive.

That get’s from Vancouver to where? Middle of nowhere Edson?

——————

Most likely, long before you set foot on this Planet I had already resolved this:

Money does not buy happiness.

Had that drummed into me since age 5.

Money makes life more comfortable is about all.

PS:

Ditch the worm. There is better bait to use. Obviously not a hard core fisherman or whatever they are called in today’s PC, SJW infested World.

#47 Dragonfly58 on 06.24.22 at 1:38 pm

Male vs Female on finances ? Wife pays little attention to price. Not saying she is an out of control spender, but she feels if she needs it and it is there for a price that is not totally ridiculous, it’s a waste of time to try to find it at the very best price. She also makes quite a bit more than I do so I suppose her time is more valuable than mine.
She is also hopeless with long term investments. We split all costs 50 / 50 so her higher income leaves her with a surplus. It all ends up with the nice lady at the bank in less than ideal holdings.
Thanks to Garth I now know what I would do with my extra money in the very unlikely event I ever have any. Wifes eyes just glaze over whenever I try to talk to her about long term financial strategies.

#48 Søren Angst on 06.24.22 at 1:40 pm

Tatiana.

Bel nome.

Garth adding a woman’s touch to the Blog.

Good beginning.

More edgy next time. In between the lines, I read you have it in you.

—————–

Toss some red meat to the lions.

Ignore Kumbaya, Michael row the boat ashore, hallelujah:

Garth.

Let the bullets fly My Liege.

#49 Søren Angst on 06.24.22 at 1:56 pm

#43 Felix

Go find some kitty litter site, birds of a feather you can zeal at.

Speaking of birds, did you know:

In the United States alone, domestic cats kill approximately 2.4 billion birds every year.

The combined impact of tens of millions of outdoor cats.

#50 Sail Away on 06.24.22 at 1:59 pm

Ah, something in the air today… everything seems just so good: beautiful weather, afternoon golf tournament, good work, music in the courtyard, happy people…

It’s so nice when things work out. Let’s stay on this path.

Regarding partners and finances: yes, all stakeholders should have a general understanding, access to and working capability with family finances.

No different than any of the ‘adulting’ tasks that life delivers like driving, home maintenance, scheduling one’s haircuts. Learn, comprehend and master… or at least reach competence.

#51 Nicolas on 06.24.22 at 2:09 pm

Thanks, great job!

#52 Søren Angst on 06.24.22 at 2:16 pm

#50 Sail Away

Good to see YVR, Nanaimo and Victoria are emerging from what was shaping up to be a perpetual Spring and its temps.

Low to mid 30’s here in NE Italia, the usual. New AC no problemo. We’ll see how it does in July, August when we get 40’s temps.

As for the rest, a person never stops learning and fine tuning life. A good thing.

—————–

Mr. Market up today, Green across the board be it US, Europa, Asia and most Crypto save Bitcoin. A good day.

And value investor Warren loading up on oil with OXY at $58 bucks a pop, he now owns $8.5B of it. I agree with that call wholeheartedly. My idea of value oil is NXF at $5.69 & it pays 10X the dividend.

yeah oil

yeah Warren

#53 Earlybird on 06.24.22 at 2:24 pm

Amen girl! A very common story sadly….
We are a financial team now in our household, but originated with the fairer sex. It took about 8years to bring him up to speed…..
There is no better feeling than having your house in order!

Great post!

#54 Penny Henny on 06.24.22 at 2:25 pm

Hi Tatiana,
A question for you please.
When constructing a portfolio how much would it differ for these very different scenarios

a) Someone 20-25 years away from retirement

b)Retiree with a gold plated DB pension and oodles (technical term) of cash

c)Retiree with very small Govt pension and just enough to get by

Thank you for your time and welcome.

#55 Dragonfly58 on 06.24.22 at 2:27 pm

Soren #46. Money does not necessarily bring happiness, good health does.
Not having enough money has serious potential to effect health in a negative way.
Extreme wealth can also have detrimental effects on health.
The less , and conversely the more money you have the greater the need for wisdom . Both can be a tightrope.
The number of Canadians who enjoy a healthy , financially balanced life seems to be in decline.
For me retirement was the tipping point. I was already quite frugal, learning to live on 40 % less has been very difficult.

#56 Feminist on 06.24.22 at 2:28 pm

Roe vs Wade overturned, what a sad sad day.

#57 Senator Bluto on 06.24.22 at 2:55 pm

#56 Feminist on 06.24.22 at 2:28 pm
Roe vs Wade overturned, what a sad sad day.
+++++++++++++++++++++++++++++

The news propaganda machine is running full tilt on this one. Expect many “mostly peaceful protests” tonight and over the summer.

BTW, I read the major pieces of the decision. Firstly, there was no “constitutional right”, nor was there ever. It was never a thing. Any news outlet that says there was is mischaracterizing the decision.

Secondly, nothing is “outlawed”. SCOTUS just kicked it all back to the lawmakers to do their job properly. The gist is that Roe v. Wade was a complete mess to start with and created fifty years of social conflict and confusion because it was so poorly designed and fundamentally flawed. If the decision was sound, it would never have come to this.

Regardless of which side of the debate you’re on, SCOTUS basically said to all levels of lawmakers on both sides of the aisle:

“Quit posing, primping and preening and pass a law that deals with this. We’re tired of spit and binder twine arguments that only make things worse. It’s time for you to get the blame for your own failures instead of using them to divide the country.”

#58 Trump Voter on 06.24.22 at 3:04 pm

Is this a post made by a script or robot?

Did this article get copied pasted from somewhere? Garth doesn’t write like this, nor does the boring features like Ryan, Doug and Sterziou watchahisname.

#59 Tony on 06.24.22 at 3:24 pm

Re #52 Søren Angst on 06.24.22 at 2:16 pm

End of June half the year/month end profit taking by the shorts, July the 4th right around the corner and the market took a hit last week. Bias to the upside to the end of this month in my opinion. Markets in America more times than not go up before a major holiday. Just a statistic.

#60 the Awakened One on 06.24.22 at 3:24 pm

Woof woof woof !
Welcome Tana! My wife said I must read this, so here I am. Great to hear a female voice (other than that of ‘ol Garth boasting about his manly six-pack abs), now I know what women ReaLLy want… or do I ? :O)

#61 Faron on 06.24.22 at 3:27 pm

#56 Feminist on 06.24.22 at 2:28 pm

Roe vs Wade overturned, what a sad sad day.

Yep. Between the growing rise of the far right and the increasingly christian fundamentalist nature of the US, thing’s are going to continue to get uglier and uglier. Luckily, most well-educated productive and innovative workers truly dislike where the US is headed and will begin to want to flee. Canada should welcome them with open arms.

Eventually, the equity markets will notice. Equity growth is contingent on stability. Another attempted coup or another round of claiming fraud where there was none will destabilize the US democratic system bit by bit. Sooner or later equities will respond by either not recovering or heading south. I actually think this is an under recognized black-swan in the making.

#62 Faron on 06.24.22 at 3:41 pm

#57 Senator Bluto on 06.24.22 at 2:55 pm

You are incorrect.

#63 Damifino on 06.24.22 at 3:48 pm

Sage advice.

I am 71. My wife is 69. Together, we have a fairly high net worth which I have been managing, with the help of advisors, for years.

Over the last ten years, due to gentle persuasion on my part, my wife has learned much about financial matters. At first she wanted absolutely nothing to do with it, but she eventually grew comfortable with the subject and now has a quite a reasonable understanding.

It might have had to do with the fact she’s likely to outlive me, but fortunately, she’s had the discretion not to actually say that. But we both know it.

#64 Must Be Nice on 06.24.22 at 3:53 pm

Inflation nearing 8%. But our Chief public health officer just received a 22% pay increase. While our nurses get squat. Our PM sees himself as royalty as he flys all around the world. And the Governor General is partying big time at thousands of $$$. Meanwhile the food banks in Ontario are overwhelmed with locals. Hmmm

#65 Flop… on 06.24.22 at 3:54 pm

In Australia if your retirement fund becomes dormant for 7 years, it gets taken away and given to the Treasury apparently.

I check-in 3 or 4 times a year, just to make sure this never happens, and if there’s any oddities I can sort them out in reasonable time.

I don’t focus on the numbers too much, but I just looked now since my Dad reminded me the other day to check occasionally, and it was still up a little bit from this time last year, so that was a bit of a surprise.

I’m on my best behaviour today, I have no desire to be shoehorned by a woman named Enhorning…

M48BC

#66 Inequity on 06.24.22 at 3:54 pm

Welcome!
Thank you. I’m forwarding this to my sis.

#67 PC on 06.24.22 at 3:54 pm

Great post! Thanks! Hope to hear more from you in the future!

#68 Interstellar Old Yeller on 06.24.22 at 4:05 pm

Welcome, Tatiana! So glad to see you address the need for money, the need for knowledge, and the need to find psychological security within the good financial situation one has built.

#69 Sail Away on 06.24.22 at 4:09 pm

#57 Senator Bluto on 06.24.22 at 2:55 pm

You are correct. Hopefully the ‘lawless left’ keeps the self-indulgent rioting and arson under control. We’ll see.

#70 Tatiana Enhorning on 06.24.22 at 4:14 pm

#41 Yogi Thank you for sharing your first comment in a while! I’m glad you appreciated a new perspective, and I hope it will be helpful to your daughters. It sounds like you have really started them off on the right foot!

#71 Beagleface on 06.24.22 at 4:19 pm

Great blog post, Tatiana! Hope we’ll be hearing more from you in future.

#72 yorkville renter on 06.24.22 at 4:24 pm

The average widow is now only 56 years old and widowed women account for 45 percent of all women over age 65

56!!! Yikes…

#73 Leichendiener on 06.24.22 at 4:25 pm

This was a good post Tatiana. Thank you.

#74 Diamond Dog on 06.24.22 at 4:29 pm

#56 Feminist on 06.24.22 at 2:28 pm

Today, women’s rights took a big hit. Anti abortion groups will spin it differently, but yesterday it was up to women to decide their course of pregnancy. Tomorrow it isn’t at least, legally.

In the future, it’s looking like the Supreme court will be considering taking away birth control and introducing laws that limit how one can have sex or who they can marry. Discrimination is a slippery slope (once it starts, it just keeps on going) The fear is the Supreme court is just getting started.

Why is this? Because the same arguments used to reverse Roe vs Wade (abortion is not in the constitution) now have weight to reverse a wide range of other rulings over the last near 50 years. This includes the use of contraception and birth controls (think for a moment just how much power this one issue alone, the issue of banning the use of birth controls takes away from women), same sex marriage, sexual acts such as sodomy, this is a de-evolution back to church and state. This has the potential to spill over into civil rights where interracial marriage is now under question, or the right of privacy.

If I may say so, church and state was a failed experiment that didn’t work out so well on many contexts. Why would it suddenly work now?

The incumbent Supreme Court justices who call themselves Catholic (6 out of 9) are Brett Kavanaugh, Amy Coney Barrett, Clarence Thomas, Samuel Alito, Sonia Sotomayor and Chief Justice John Roberts. Meanwhile, 23% of the U.S. population is Catholic:

https://www.cnn.com/2022/06/24/politics/abortion-ruling-gay-rights-contraceptives/index.html

#75 Jimbo on 06.24.22 at 4:30 pm

Welcome Tatiana,

Very good advice. Financial literacy improves quality of life.

My wife is Spartan and she is employed by one of the big five. A double whammy for me. Don’t worry, I get an allowance.

#76 Apocalypse NOW on 06.24.22 at 4:31 pm

Civil war and assassinations are just over the next hill for the USA. Russia and China will do everything they can to help.

Catastrophe is not months or years away.

PREPARE

#77 Sask to AB on 06.24.22 at 4:33 pm

Wonderful post!

#78 crowdedelevatorfartz on 06.24.22 at 4:34 pm

@#58 Trump Troll

You can always ask for a refund…..
Oh right.
It’s free.

#79 Retired in Kelowna on 06.24.22 at 4:35 pm

Thank you Tatiana. Excellent Column. Welcome to the Blog.

#80 Prince Polo on 06.24.22 at 4:37 pm

#39 Russ on 06.24.22 at 12:48 pm
Prince Polo on 06.24.22 at 11:56 am

Please SA & Faron (who are secretly BFFs), submit all witty repartees to Dolce for daily summarizing via Shakespearean burns!

Oh what a rogue & peasant slave am I….

==========================
Oh Prince,

I think the term slave is being cancelled from our current language.

I was quoting William S. The holier-than-thou cancellers will have to take it up with him.

#81 Mattl on 06.24.22 at 4:42 pm

Just wanted to say great job and welcome!

#82 Senator Bluto on 06.24.22 at 4:43 pm

#62 Faron on 06.24.22 at 3:41 pm
#57 Senator Bluto on 06.24.22 at 2:55 pm

You are incorrect.
++++++++++++++++++++

Please elaborate or I win by default. I’ve had enough of propagandists on both sides issuing fact-free factoids.

#83 Torah Reader on 06.24.22 at 4:50 pm

My religious book told me to never take advice from a woman, including Tatiana.

Not Kosher, didn’t read.

#84 Paul on 06.24.22 at 4:56 pm

Wow, A Lady shows up no deleted post.
What is this world coming to!

#85 tc-contra on 06.24.22 at 5:01 pm

Good post! Welcome to the firm – probably in much need of an additional X chromosome!

My wife often complains about the returns in her TFSA/RSP (which I manage), but when encouraged to do it herself, she declines. She’s been ‘studying’ crypto lately…and I just smile. I said ‘alright, but keep your investment to <$1,000 and see what happens".

One note, if I may:

"She builds and maintains portfolios for clients across Canada, and has been in the business as an asset manager for more than a decade."

A decade = 10 years, so never had the opportunity to navigate a true bear market.
Let's see how things go in the current environment of declining prices (I phrase it this way because any time I state we are currently at an early stage of a serious Bxxx Mkt., my post gets deleted).

See you on the other side – either triumphant (with healthy gains for your clients), or battle-scarred and humbled like most others in the Financial Advisory business. Whichever the case, you will have weathered a serious storm and come out… 'seasoned', at the very least.

#86 Pricedoutmillenial on 06.24.22 at 5:02 pm

Thanks for the great post and very practical advice.

I can relate to this as my sister refuses to take control of her finances saying it’s complicated.

I promptly sent this to her.

Also now Garth can take some well deserved rest once in a while.

Just to warn you, the comments here are entertaining and wild at the same time. Welcome!

#87 Overheardyou on 06.24.22 at 5:08 pm

Welcome Tatiana, ignore the rabble below decks haha

#88 Km on 06.24.22 at 5:09 pm

@Quintilian – seeing as you are getting free financial advice daily and are being an ass hat perhaps do us a favor and don’t come back.

#89 Ambi and Vasu on 06.24.22 at 5:11 pm

Very well written Tatiana. Thank you.

We are in our late 60’s and early seventies and in early part of our life focused more on helping our kids succeed by one of us staying home to make sure both the kids are top one percenters. While Ambi focused on bringing bread and butter + home, Vasu stayed home to ensure the kids succeeded.

Once that work was over we have now set up an elaborate system where Ambi, at the end of the month prepares a “monthly financial status” and explains where we stand to Vasu. All our funds are joint owned (either or), and a clear will states surviving spouse inherits all. Plus both kids have been clearly told they inherit none of the assets till any or both of us are alive.

Is this perfect….. Not sure, it is….. There are “invisibles” and “invisible invisibles”. Hope it will all work out in the end

#90 Linda on 06.24.22 at 5:18 pm

I thought the Liberals, NDP were supposed to help all Canadians young and poor. You mean they did not help your grandmother with her finances and getting her out of poverty. I thought the government was going to eliminate poverty. I remember hearing from many people all the nonsense said on war on poverty in the US, Canada back in 40’s, 50’s, 60’s. Canada is in real trouble. The more socialist we become the more we are going to sink. Oh well, don’t say you were not warned. Look at us now Canada.

#91 Faron on 06.24.22 at 5:27 pm

#82 Senator Bluto on 06.24.22 at 4:43 pm

#62 Faron on 06.24.22 at 3:41 pm
#57 Senator Bluto on 06.24.22 at 2:55 pm

You are incorrect.
++++++++++++++++++++

Please elaborate

Falls under the 14th amendment granting all Americans the right to pursue freedom and to make their own choices therein. RvW was decided to prevent states from infringing on that right. Abortion laws clearly are an infringement if you are almost any legal scholar aside from Alito and the far-right goons in SCOTUS. And, before you grant the fetus those same rights, Christian doctrine among hundreds of well-accepted societal norms discounts the fullf-ledged humanity of the unborn.

It was protected under the constitution under the 14th there is no reason to remove that protection other than sheer ideology.

That is why you are incorrect. This isn’t simply “punting” the matter to the states. Given the large number of republican leaning states that have abortion restrictions in place as of this decision, the issue is one of a wide-spread infringement on the rights and freedoms of women in the US. This is how that ends:

https://foreignpolicy.com/2019/05/16/what-actually-happens-when-a-country-bans-abortion-romania-alabama/

The US is in for a massive spike (actually a step-change) in adoptions and poverty and a massive decline in the wellbeing of women and children in all impacted states. Furthermore, the way this ruling is written, it opens the door to massive infringement of doctor patient confidentality and severe overreach of the state — a surprising outcome from republicans.

#92 tbone on 06.24.22 at 5:28 pm

Good post today , i hope it is shared with many .
I taught my wife how to do online banking . I also forced her to get an iphone last year , and now she is proficient . I told her you may as well learn how to use it while i am around to teach you .
The last thing i showed her was how to transfer money from our dividend producing account to our chequing account to pay for everything.

#93 Faron on 06.24.22 at 5:32 pm

#69 Sail Away on 06.24.22 at 4:09 pm

Incorrect, but no surprise there.

BUy SoMe TWitTeR SorEn (-6% differential from SPY). HoW BOut ThEm MiNeR SToNkS (smouldering cratered wasteland)? WaItINg fOr SOMe ArtERiAL BLoOd.

#94 David W2 on 06.24.22 at 5:36 pm

Welcome and great post. This is something I need to keep in mind more with my spouse although I try to include/inform her as much as possible.

Any thoughts or advice on how to build her interest more, other than scare that I may pass and more may be on her shoulders?

#95 New Fan on 06.24.22 at 5:51 pm

Refreshing to read a common sense article. If only they made finance a mandatory course in schools..

#96 Udar on 06.24.22 at 5:54 pm

Great start Tatiana!

Nice subject, very intriguing title, some interesting data (four to one???), good writing and a nice conclusion. Welcome to the blog and thank you Mr. Turner for hosting more angles to this tough and arid domain.

#97 TurnerNation on 06.24.22 at 5:57 pm

I could never work for our forum host. Despite being a sprint away from the FCSI cred. — should I ever need it.
No I’d be up there in maroon tower, gazing at the rows of shiney computing equipment, at all the bloggers churning out content daily, and I’d naively ask “Where are the customers’ blogs? ” :-)

–Supply chain. Last evening in downtown Toronto two Esso stations I saw were out of gas.
Today, spotted an Esso way north of the city, out of gas.

#98 Just Breath on 06.24.22 at 6:01 pm

thank you.

Maybe it’s the sad news south of the boarder, due to a small privileged group making cruel decisions that will lead to tragic outcomes for many families…but seeing Tatiana’s picture and reading about finance from a different perspective today made me a little teary.

You are a welcome addition to this blog.

#99 George S on 06.24.22 at 6:12 pm

4 years ago it was a very close call for me. Luckily my wife paid attention in CPR class and is very vigilant.

It is very important that women know their husband’s passwords or have them written down in a secure place so that survivors can find them and be able to unwind the mess.

#100 Scent of a Woman on 06.24.22 at 6:22 pm

#46 Søren Angst

Is there a wiser place on the interwebs than here?

I don’t think so.

And it’s free!

#101 Nonplused on 06.24.22 at 6:22 pm

Well, I am not sure Garth would approve, but my wife has her own RRSP’s, TFSA, and financial advisor (such as it is it is a bank person). We don’t share a checking account and she has her own job. Her car and her insurance is in her name. About the only thing we share is a Costco membership.

Much of this has to do with me being divorced when we met, which is a nightmare. The ex isn’t out of your finances until at least the kids turn 21 and sometimes never. But it worked out.

———————-

What to muse about things economic? I still can’t see how a central bank rate, no matter how dramatic the rise when expressed as a %, can curtail inflation when it is still 1/3 the inflation rate. Things are going up in value so fast it makes t-bills look like a bad joke.

Will the rise in mortgage rates really cool the housing market enough to kill inflation? Remember the bubbles were really only unfathomable in the YYZ and YVR service areas, although that is a large population. But most of those people never cashed in their gains. What the Excel spreadsheet giveth, the Excel spreadsheet can taketh away. Mark to market isn’t real until you monetize. But nothing really changed in the real world. A number on a spreadsheet went up, then it went down.

So my prediction? Inflation continues until the US Fed rate is 5% at least. Then, if it stops, it just stops. Oh sure there may be some wild liquidations of excess inventory, maybe you get a good deal on a welder at Canadian Tire, but no new stock comes in at those prices so it will be a one time event. The new normal is here to stay and there will be no deflation. Your dollars are smaller now and they will stay that way. And no you will not get a significant raise.

Buy all the things. Especially during the upcoming liquidation because it will be a one time event, even if somewhat protracted.

#102 Rhonda on 06.24.22 at 6:24 pm

Linda, this is why our family maximized our RRSPs, TFSAs for decades, RRSP only, TFSA 13 years now. We have no debt, a $700,000 house paid off and $800,000 in RRSPs, $186,000 in TFSAs, $300,000 in non-registered. We take a modest risk approach, reinvesting all RRSP income tax refunds and a 12% (AEC) after effective compound rate of return, 5.25% for RRSPs, TFSAs combined. Our non-registered is averaged 11.13%(AEC).

#103 Philco on 06.24.22 at 6:25 pm

Good stuff Tatiana!

On another note…my cousin is boss at a big construction outfit on Van Isl. A number of multi million dollar developments shuttered this week.
Their pulling out all their equipment. Peeps are going to be in for a rougher ride that they think.
The trickle down will be large. The bubble is bursting. Rates are rocketing. The party is over.

#104 Barb on 06.24.22 at 6:28 pm

Glad you’re on the blog posting team, Tatiana!
A few commenters like to inflict bruises…

It took me almost a year to convince my husband of the necessity of getting our money out of high fee mutual funds. And into Garth et al.

#105 Geoffrey on 06.24.22 at 6:30 pm

Very well written! Thanks for sharing.

#106 crowdedelevatorfartz on 06.24.22 at 6:39 pm

@#103 Philco
“A number of multi million dollar developments shuttered this week.
Their pulling out all their equipment. Peeps are going to be in for a rougher ride that they think.”

+++
The 1980’s all over again.
Economy running full blast.
6 months later….crickets.
Prepare for the burning half finished wooden condo developments that are deep in debt with zero sales..

#107 Grunt on 06.24.22 at 6:50 pm

Garth this is definitely improving the looks of your blog.
Much more attractive than your regular Saturday girls.

#108 Philco on 06.24.22 at 6:54 pm

As I expressed how I DESPISE T2 here.
Here’s another BEAUTY brought up Mike C

Mike’s Post of the Week

I’m personally crushing the federal government. Do you remember that 2019 election promise to plant 2 billion trees – which the Prime Minister repeated very publicly to Greta Thunberg? According to Blacklocks Reporter, so far ZERO trees have been planted.

$2,099,901 has been spent on staff salaries
$743,362 for “operations and maintenance”
$208,943 for management consultants
$39,833 for “public relations services”
$345,233 on software and computer services
As for me – I planted 5 trees in the spring. ~ MC

T2 is a big fat fake.

#109 Nonplused on 06.24.22 at 6:59 pm

Oh boy I see the comments section has gone from Ukraine to abortion.

So many people think they know so much about so many things. But in the end we mostly just argue in favor of our own preferences and prejudices, and knowing anything about it is completely beside the point. “Russia bad!” “Abortion good!” “Global warming!” “No cooling!” “UBI!” “Free government programs!” “Trans-rights!” “Women’s rights!” “What ever I say!” “I support the new thing!” “Down with the old thing!”

#110 Senator Bluto on 06.24.22 at 7:01 pm

Faron:

The 14th Amendment has always been the fig leaf to hide the decision behind. There was debate from Day 1 as it’s use as an inappropriate exercise of judicial overreach. The legal underpinning was never solid and was always in danger of being overturned.

Today, SCOTUS has not offered an opinion on ethics or morality on this topic. Their opinion is purely that the mechanics of the law is flawed and it’s up to lawmakers to fix it. SCOTUS does not have the authority. Lawmakers do. It really is that simple. SCOTUS is forcing the lawmakers to do their jobs and they don’t like it.

Had SCOTUS ruled to maintain the status quo, the rot would have continued, maybe for another 50 years. That would have been the punt.

There are no winners in this mess. What it does highlight is the need for all laws to follow a solid path into existence. There is no shortcut.

#111 Ballingsford on 06.24.22 at 7:10 pm

I think my spouse knows where my little money is, but I should write it down. Little here, little there.

I should get the will made too. Make life easier for everyone after I croak.

#112 Ed on 06.24.22 at 7:11 pm

Scent of a Woman
I’m consuming less than ever in my entire life, and feel happier than ever.

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

I like being wealthy and am happier than ever…(so is my wife of 41 years)

Just bought a downrigger for the sailboat to get some of those Chinooks in Queen Charlotte Sound…that makes me happy!

#113 Urban Dweller on 06.24.22 at 7:17 pm

My spouse is financially illiterate and is terrified that we won’t have sufficient funds during our retirement. She feels this way because her parents struggled to make ends meet during their retirement and basically ran out of money.

She has nothing to worry about as our finances are in great shape and will allow us a yearly withdrawal of $150K (after tax) per year!!!

What I also did is create a file called “if hubby gets hit by a bus”. Within this file is a detailed listing of all of our financial accounts (RRSP, TFSA, Brokerage etc). It lists account numbers, estimated value, name of institution, addresses and phone numbers. I update this file every year and present it to her.

#114 millmech on 06.24.22 at 7:17 pm

Fosun Bond downgrade rippling through Chinese economy, they seem unable to contain contagion as it is hitting all other sectors of the economy. Coming to an economy near you soon.

#115 Dr V on 06.24.22 at 7:17 pm

54 Paging Penny H – from yesterday

Tx for highlighting the BMO covered call utilities ZWU. A whopper of a yield at over 7%.

I had asked my advisor about the covered calls as I think BMO has one for Cdn divvies as well. IIRC, her explanation was that they are great on the downside, but the upside can be strongly muted.

So I compared ZWU v ZUT v ZEB. Over the last year WU and UT were pretty close, and ZEB had the big bump up
before the red of the last few weeks. But over 10 years,
ZUT basically doubled ZWU in share price and ZEB outdid ZUT by a fair amount and almost tripled ZWU.

But the divvy is tempting, as it should keep growing.

Still looking at ZEB should the banks drop some more
but all was green today.

#116 Reality is stark on 06.24.22 at 7:21 pm

It starts early.
Tell her a big rock is a waste of cash, an asset that quickly depreciates and see where that gets you.
You’d think you’d be respected, especially during this era of equality.
You will find out even more quickly that the world doesn’t work that way.
You’ll be on your ass after the punch in the face and you’ll get little sympathy from the judge.
It’s a double standard world and you better get used to it.
Another trick to try is to say we split all the bills down the middle for life no exceptions. You’ll have some fun with that one too.

#117 millmech on 06.24.22 at 7:22 pm

#103 Philco
Two big projects in Langley have also been shelved.

#118 Val on 06.24.22 at 7:26 pm

Great to hear a new voice, welcome! Great storytelling too.

#119 cramar on 06.24.22 at 7:29 pm

Well said, Tatiana. Welcome to this pathetic blog.

You just built a beautiful case for why financial literacy should be taught in high schools.

#120 So glad I sold on 06.24.22 at 7:41 pm

Thanks Tatiana. I was a widow at 52 as my 60 year old husband died suddenly of a heart attack in his sleep. I worked until I was 69, sold my house at 67 and have a nice income stream. I live in a purpose built 6 year old rental mid rise that also allows pets. My kids and grandkids live close by too which is great. Life is good.5

#121 Ed on 06.24.22 at 7:46 pm

Dolce
In the United States alone, domestic cats kill approximately 2.4 billion birds every year.
//////////////////////////

Humans kill 65 billion chickens each year…cats kill very few…

Of course we kill over 75 million of our own species each year through abortion so who cares about birds and chickens right?

#122 Bezengy on 06.24.22 at 7:49 pm

Do not mess with Tatiana. Hope she becomes a regular.

https://m.youtube.com/watch?v=xj4lZ0mbRJY

#123 Zach on 06.24.22 at 7:55 pm

Thank you. I’m the breadwinner and my wife takes care of the home. I realize the problem that will arise if something happens to me. I have started to educate her in financial matters and this will only encourage me to do more.

#124 Observer on 06.24.22 at 8:16 pm

#56 Feminist on 06.24.22 at 2:28 pm
Roe vs Wade overturned, what a sad sad day.

^^^^^^^^^^^^^^^^^^^^

Indeed. And the “Freedom movement” is coming to Ottawa next weekend and staying all summer until they liberate all Canadians. More sadness. :(

#125 PBrasseur on 06.24.22 at 8:18 pm

Bonne Saint-Jean!

#126 Observer on 06.24.22 at 9:19 pm

What do women want?

Imagine being pregnant by choice, then finding out early on through routine amniocentesis that the fetus is horribly deformed, yet being forced to give birth.

Imagine being 12 and pregnant and being forced to give birth?

Will the pro forced-birthers help pay to care for the resulting handicapped child or help the young girl pay for rent and food?

#127 Sponge on 06.24.22 at 9:20 pm

Welcome Tatiana!
Thank you for the great overview of how to involve a spouse or some one significant in family finances. Step one will start soon as we are semi-retired and approaching 65 fast! Life is short and enjoyable with good preparations.

#128 crowdedelevatorfartz on 06.24.22 at 9:54 pm

@#126 Obswerver

Imagine you’re on a Canadian financial blog and the U.S. Roe vs Wade Supreme Court ruling is …irrelevant.

#129 Sail Away on 06.24.22 at 9:54 pm

#110 Senator Bluto on 06.24.22 at 7:01 pm

Yes, correct. Any other arguments are just subjective b.s.

#130 Oshtin Powaz on 06.24.22 at 9:58 pm

Forget diamonds , it’s all about virtual pheromones and bitcoin now

#131 Unpinned on 06.24.22 at 10:04 pm

Imagine I didn’t even know what a GIC was up until I was 40. After 40, pretty much done with offspring the Globe and Mail provided some early learning and then I discovered business media i.e. Forbes; Business week; WSJ and CNBC. Best trick to get rich: Pay off those credit cards a.s.a.p. or starve to death trying.

#132 Observer on 06.24.22 at 10:11 pm

#128 crowdedelevatorfartz on 06.24.22 at 9:54 pm
@#126 Obswerver

Imagine you’re on a Canadian financial blog and the U.S. Roe vs Wade Supreme Court ruling is …irrelevant.

^^^^^^^^^^^
Imagine having nothing better to do than to comment multiple times a day on a financial blog mostly about things that are not financial yet getting off on putting down someone else’s concern regarding human rights on a historical day. Get a life!

#133 Ballingsford on 06.24.22 at 10:16 pm

Welcome Tatiana! The name Tatiana always reminds me of a fresh breeze off the Caribbean on a warm evening. It soothes me.

What Women Want?

Loaded Question.

No correct answer.

#134 Doug on 06.24.22 at 10:23 pm

All I need to do every year is make a contribution of my $10,000 RRSP, $3,500 refund plus my $6,000 TFSA and compound that for 26 years and I have my $1 million dollars.

#135 Observer on 06.24.22 at 10:38 pm

My apologies for expressing my sadness and grief over the US Supreme court decision today. As CEF pointed out, I was out of line as this is a financial blog, but in my defense I was inspired by the female author of today’s post and the title of today’s post “What do women want?”

I shall go quietly to my corner now and read and learn from the wise men such as CEF who post daily and try not to let my emotions get the best of me and refrain from off topic posts.

#136 crowdedelevatorfartz on 06.24.22 at 10:40 pm

@#108 Philco
” According to Blacklocks Reporter, so far ZERO trees have been planted.”
+++
Yep.
It was interesting watching the Trudeau / Greta pr session several years back when all the politicians wanted to embrace her to prove how “green” they were…

Her comments and body language at that time….. she seemed very skeptical when she was listening to T2.

Seems she was right.

#137 Ponzius Pilatus on 06.24.22 at 10:47 pm

#136 crowdedelevatorfartz on 06.24.22 at 10:40 pm
@#108 Philco
” According to Blacklocks Reporter, so far ZERO trees have been planted.”
+++
Yep.
It was interesting watching the Trudeau / Greta pr session several years back when all the politicians wanted to embrace her to prove how “green” they were…

Her comments and body language at that time….. she seemed very skeptical when she was listening to T2.

Seems she was right.
———————
What does that have to with a Canadian Financial Blog?

#138 Ponzius Pilatus on 06.24.22 at 10:57 pm

CEF
Today’s blog is titled:
What Women want.
What do you know about the subject?
Please share.

#139 Tod on 06.24.22 at 11:11 pm

If Garth had penned an article personally with the title “What women want”, he would be #cancelled by the social justice crowd and have his legacy thrown in the Atlantic Ocean.

Smart thing to get someone else to take the heat. Even my wife tells me that I can’t tell her what to do or else I will lose my childhood home.

#140 Observer on 06.24.22 at 11:13 pm

#136 crowdedelevatorfartz on 06.24.22 at 10:40 pm
@#108 Philco

Yep.
It was interesting watching the Trudeau / Greta pr session several years back …

Her comments and body language at that time….. she seemed very skeptical when she was listening to T2.

^^^^^^^^^^^^^
Off topic you hypocrite. This is a FINANCIAL blog not a body language blog.

#141 crowdedelevatorfartz on 06.24.22 at 11:13 pm

@#135 Obswerver
” I was out of line as this is a financial blog, but in my defense I was inspired by the female author of today’s post and the title of today’s post “What do women want?””

+++
Actually .
I was trying to point out that the Roe vs Wade United States Supreme Court decision has zero influence in Canada.

And since this is a Canadian financial Blog.
Your comment is irrelevant, pointless and worthless…..like a fart in an elevator.

The fact that I am “pro choice” means nothing in the grand scheme of things.
Getting worked up over another Country’s Court decisions isn’t worth the blood pressure boil.

This SCOTUS decision will employ legions of U.S. lawyers…..for decades…..all while US women fly on subsidized flights to US States that allow…abortions.

https://www.chicagotribune.com/news/breaking/ct-roe-v-wade-abortion-illinois-elevated-access-20220624-uzxcfrplcnfmleu5kxy5sst7we-story.html

One wonders when Trudeau will offer Canadian medical services to US women seeking abortions.
While our taxpayers wait in ever longer lines for heart surgery, knee surgery, hip surgery,………

#142 Philco on 06.24.22 at 11:14 pm

#117 millmech on 06.24.22 at 7:22 pm
#103 Philco.

Two big projects in Langley have also been shelved
————
Hard landing?
Make sure your hard hats handy!

#143 Philco on 06.24.22 at 11:17 pm

#136 crowdedelevatorfartz

Its all a dog and pony show.
Rubbers meeting the road now.
Math works. Not bullshit.

#144 B on 06.24.22 at 11:29 pm

What projects on Van Isle / Langley?

#117 millmech on 06.24.22 at 7:22 pm
#103 Philco
Two big projects in Langley have also been shelved.

#145 Satori on 06.24.22 at 11:41 pm

Sad for your grandmother but I do have to widthhold my ‘congratulations’ for a generation of un-empowered women being a lesson here, because single women own 20% more homes than men.

https://www.nbcnews.com/better/lifestyle/single-women-own-more-homes-single-men-here-s-what-ncna1134926

Single women actually are doing better than single men.

http://content.time.com/time/business/article/0,8599,2015274,00.html

And so ironic this day, where women are losing rights to their choices, that this is posted.

Yes, your grandmama came from a generation where women thought being married was the goal… but nowadays women don’t want to have a partner to ‘take care of’ or do 100% of the work after they work, well maybe if their man said “omg I am so lucky my wife helps with the children’… birth rate for free-world women is down… so I feel extremely sorry for your grand mum… but it doesn’t apply to today.

#146 crowdedelevatorfartz on 06.24.22 at 11:49 pm

@#140 Obswerver
“Off topic you hypocrite. This is a FINANCIAL blog not a body language blog.”

+++
Well.
When in Rome.
I thought I’d bring myself down to the level of the Plebe’s
Hmmm
Plebes.
Ponzie? You there?

#147 Satori on 06.24.22 at 11:52 pm

#56 Feminist on 06.24.22 at 2:28 pm
Roe vs Wade overturned, what a sad sad day.
————–

YUP! they can over turn Roe vs Wade but WONT OVER TURN the right to bare arms. ONCE again… the weaker sex losing rights to their bodies… wonder when the government will tell men what to do with their bodies? Now you got some republican old man telling women what rights they have.

FREE COUNTRY – I think not.

DAMN sick…

They should put a bounty on the MEN who avoid paying child support not women who live in poverty.

#148 Diamond Dog on 06.25.22 at 12:00 am

#109 Nonplused on 06.24.22 at 6:59 pm

Oh boy I see the comments section has gone from Ukraine to abortion.

So many people think they know so much about so many things. But in the end we mostly just argue in favor of our own preferences and prejudices, and knowing anything about it is completely beside the point. “Russia bad!” “Abortion good!” “Global warming!” “No cooling!” “UBI!” “Free government programs!” “Trans-rights!” “Women’s rights!” “What ever I say!” “I support the new thing!” “Down with the old thing!” – Nonplused
——————————————————–

If you could legitimately replace all of the power produced currently in the grid in the U.S. with only wind, solar and batteries for 2 trillion over 10 years plus interest, would you do it?

If you could generate enough power to heat everyone’s homes, air condition them & have available power to supply all of industries current power needs including some of industries heat needs AND have spare power to electrify all transportation in the U.S. by 2030 for a mere 2 trillion over 10 years & interest, would you do it?

The U.S. consumed close to 20 million barrels of oil per day in 2021:

https://www.eia.gov/energyexplained/oil-and-petroleum-products/imports-and-exports.php

Roughly 66% of oil consumed is used in transportation:

https://www.eia.gov/energyexplained/oil-and-petroleum-products/use-of-oil.php

So, if we rounded it off to 13 million barrels per day @ $100 a barrel, its 1.3 billion a day for 365 days a year for a grand total of $ 474 billion a year. That’s just the cost of gas and diesel used in transportation not counting refining costs, delivery, taxes, etc. . Factor in those costs and we are coming close to doubling this number. It’s sketchy, but if we go to the 18:30 mark below, we’ll see the breakdown cost of gas currently ($4.11 national average for gas in April, $2.48 was the cost of crude oil, or 60.3%):

https://www.youtube.com/watch?v=OBOmgee6BFA

Cost of oil @ $100 a barrel = $474 billion
Cost of delivery, refining, taxes = $ 286 billion
Total U.S. cost, just gas = $ 760 billion
Note, this doesn’t count diesel etc.! I’m ball parking for the sake of time constraints, add another $ 500 billion.
Total U.S. annual cost of transportation at $ 100 a barrel? $ 1.26 trillion bucks

If we factor in the cost to produce power:

https://www.eia.gov/energyexplained/us-energy-facts/

In 2021, total U.S. primary energy consumption was equal to about 97,331,601,000,000,000 Btu, or about 97 quadrillion Btu. – link above

If we put a nice cheap 2020 price on that, in general, fossil fuels cost about 2.2 U.S. dollars per million British thermal units (Btu), ranging from $1.92 U.S. dollars per million Btu for coal to $5.98 U.S. dollars per million Btu for petroleum.

So, lets say we decide to go back to coal because its so cheap or so we think, environment, health and air quality be damned. If the U.S. went back to coal, it would cost $212 billion (2020 prices), once again, not counting the cost of power corp delivery, taxes etc. . This also does not include producing more power than we consume now, or the run up in coal or costs of delivery, taxes and corp profits. And as we can see with the links above, this number isn’t realistic as current BTU costs averaged in today is $ 6.28 per million BTU for gas generated power or roughly $600 billion a year. Add taxes, distribution costs, waste, etc., you get the point, its a ball park trillion a year:

https://www.oilcrudeprice.com/natural-gas-price/

I’m trying to show you something, NP. If the U.S. is on course to spend 1.25 trillion on energy for transport and say, a trillion on energy for power generation (add delivery and taxes, it’s easily where we are at), or 2.25 trillion annually, would it not make better sense just to spend 2 trillion over 10 years to get the U.S. off of fossil fuels altogether?

I’ll ask it again, if you could phase out coal, nat gas and petroleum power for 2 trillion over 10 years just with wind, solar and batteries with no power interruptions and have enough power to supply all of the U.S. power needs for homes, industry AND transportation, “would you do it”?

I’m trying to show you something. Some of us do know things. Watch the video below. Learn the S curve, it’s required and remember Tony’s point. When technology goes 10x (10x cheaper or more profitable than current tech), the switch to technology is swift and disruptive.

https://www.youtube.com/watch?v=HM6yaaCDpZw

#149 Beth on 06.25.22 at 12:02 am

128 crowdedelevatorfartz on 06.24.22 at 9:54 pm
@#126 Obswerver

Imagine you’re on a Canadian financial blog and the U.S. Roe vs Wade Supreme Court ruling is …irrelevant.
——————————
HOLY CRAP, did you really write this??? Women’s rights are irrelevant??

Fact is that it does NOT matter where the women live that THE RIGHTS OF WOMEN ARE NOT IRRELEVANT – Only irrelevant to those weak unprotective user men who don’t care.

Totally unbelievable and unimaginable post CEF! WOW!! YOU AR SO MUCH Yuck Under my shoe. Holy crap!

#150 Tamara on 06.25.22 at 12:06 am

#132 Observer on 06.24.22 at 10:11 pm
#128 crowdedelevatorfartz on 06.24.22 at 9:54 pm
@#126 Obswerver

Imagine you’re on a Canadian financial blog and the U.S. Roe vs Wade Supreme Court ruling is …irrelevant.

^^^^^^^^^^^
Imagine having nothing better to do than to comment multiple times a day on a financial blog mostly about things that are not financial yet getting off on putting down someone else’s concern regarding human rights on a historical day. Get a life!
_______________________

THANK YOU!!!! _/\_ Yes please, more men need to support women, mothers, females, counterparts, partners, wifes, sisters, friends, and everything we are to help support YOU. MEN SHOULD SUPPORT US!!!

#151 Satori on 06.25.22 at 12:13 am

#141 crowdedelevatorfartz on 06.24.22 at 11:13 pm

Whoa! wonder why T2 offers his opinion of what is going on in the states. IT’s called empowering women, who have been pushed down for centuries. In wages, in work, in life, in rights, in education.

DISGUSTING. I cannot believe you posted this. Time to do a little research and learn about feminist stuff… unless you were born to men, brothers, and users… then there is no hope. Get real!

if you believe women are equal, you are a feminist. Its that simple. Easy to see you are not.

#152 Melissa on 06.25.22 at 12:19 am

If Garth had penned an article personally with the title “What women want”, he would be #cancelled by the social justice crowd and have his legacy thrown in the Atlantic Ocean.

Smart thing to get someone else to take the heat. Even my wife tells me that I can’t tell her what to do or else I will lose my childhood home.
——————-
I dont know if this was penned before the Roe vs Wade or after, but sadly, hugely disappointing all the same.

#153 Telling it like it is! on 06.25.22 at 12:23 am

#113 Urban Dweller on 06.24.22 at 7:17 pm

My spouse is financially illiterate and is terrified that we won’t have sufficient funds during our retirement. She feels this way because her parents struggled to make ends meet during their retirement and basically ran out of money.

She has nothing to worry about as our finances are in great shape and will allow us a yearly withdrawal of $150K (after tax) per year!!!

What I also did is create a file called “if hubby gets hit by a bus”. Within this file is a detailed listing of all of our financial accounts (RRSP, TFSA, Brokerage etc). It lists account numbers, estimated value, name of institution, addresses and phone numbers. I update this file every year and present it to her.

————

Anyone see what’s wrong with this picture?

This guy thinks he’s a genius. Does he believe that his wife will suddenly take an interest in any of their finances when he’s gone? Not a chance. Before he even hits the ground after the bus hits him, she’ll be in touch with all the high priced help to sort out her affairs.

Optimally, you would have started to involve her a long time ago… Not creating a file but familiarizing herself with the finer points of managing the estate. She’ll be left with a pittance once accountants, tax advisors, lawyers, and financial advisors get their hands on their piece of the pie….

#154 Diamond Dog on 06.25.22 at 12:23 am

#146 Diamond Dog on 06.25.22 at 12:00 am

My bad, $760 billion is the ballpark number of transportation, not 1.25 trillion. At current prices, transportation and power would still be around a $1.8 trillion annual cost in the U.S. that’s just getting burnt up and will never contribute again. Keep this number in mind should readers choose to watch the video (bottom link).

#155 Faron on 06.25.22 at 12:30 am

#141 crowdedelevatorfartz on 06.24.22 at 11:13 pm

@#135 Observer

It actually is relevant to this blog. This blog is concerned with the financial well being of Canadians and utilizes investment in US equities to help ensure that well being. As the US teeters into a fundamentalist christian state and lists further and further from any kind of equality on sex or race the overall economic functioning of the country will wither relative to other developed nations. So, Observer, you have nothing to apologize for. Being dismayed at the repeal of Roe is relevant not only for the abject cruelty of the laws that the overturning allows.

#156 Sail Away on 06.25.22 at 12:46 am

#109 Nonplused on 06.24.22 at 6:59 pm

Oh boy I see the comments section has gone from Ukraine to abortion.

——–

Ukraine is old news. We’ll, something might still happening there, but…yawn…

Abortion is the bright new theme.

#157 Beth on 06.25.22 at 1:04 am

Tatiana Enhorning:

Simple question, are you a feminist and do you believe in Women’s Rights….

#158 Jon B on 06.25.22 at 2:58 am

Wonderful advice. If only we could solve the pandemic of financial illiteracy with a potent knowledge vaccine courtesy of government resources being used to implement such a program. Oh wait, the government prefers the masses to be financially illiterate. I like your take charge of all things money approach.

#159 Garth's Mentor on 06.25.22 at 3:04 am

The biggest housing crash in Canadian history is playing out in real time.

People are still playing on the beach with a Tsunami approaching.

#160 Joe Lalonde on 06.25.22 at 4:39 am

Welcome Tatiana to an ever challenging and changing game board in future finance.
I hope that cheapskate Garth has given you a signing bonus.

The globalization experiment has collapsed as Trudeau keeps his coarse in trying to Americanize Canada and China’s been closed for over 2 years now. Which was our supply chain is in serious crisis.
The Native Community is having problems of getting massive government funding which the Native Community wants distributed while it’s leaders have a different plan of being the responsible distributors by different programs and educational services.
The World Bankers dislike political spending and wealth that they can’t control.
So, the United States Dollars internationally will be changing which some of it already has.

#161 Ross B. on 06.25.22 at 8:15 am

Hi Tatiana, you seem to have a good grasp of things.
Can you help me answer under what kind of circumstances, a minority government, with less than 1/3rd of the population supporting it, somehow seizes a mandate to print 400 billion dollars out of thin air in response to what statistics shows, was a bad flu outbreak (less than 1% mortality rate)?

And now they’re surprised that flooding the market with new un-backed currency units has had a dilutive effect on purchasing power and inflation.

Can we go through the process? Where do a minority government, and an allegedly apolitical central bank, find the permission to proceed with such measures?

Thanks in advance.

#162 Jane24 on 06.25.22 at 8:23 am

I married an Italian lad in 1978. Both his parents worked in blue collar manual jobs in Montreal factories. On a Friday night his dad would arrive home and mama would be waiting at the kitchen table. Dad handed over his unopened pay packet and she would count the cash to make sure it was what she expected. Then she handed him a few dollars for coffee and ciggies for the upcoming week. What she did with the rest had NOTHING to do with him. She was expected to provide him with a warm home and great meals and save for the grandchilden. I was there when his first Quebec Pension Plan check arrived in the mail. He just signed the back and gave it to me and told me to give it to mama. End of story.

We live a few months a year in Italy today and those cash pay packets don’t exist any more but Italian mamas do. The mamas still run their families’ finances, although in our town they don’t work outside the house. The men still hang around the coffee shops with their ciggies and then go home to a lovely meal. A perfect life.

#163 Penny Henny on 06.25.22 at 9:01 am

#115 Dr V on 06.24.22 at 7:17 pm
54 Paging Penny H – from yesterday

Tx for highlighting the BMO covered call utilities ZWU. A whopper of a yield at over 7%.

I had asked my advisor about the covered calls as I think BMO has one for Cdn divvies as well. IIRC, her explanation was that they are great on the downside, but the upside can be strongly muted.
////////////////

I like it now because I can see the markets going sideways for a year or two.

#164 crowdedelevatorfartz on 06.25.22 at 9:01 am

So the argument was.
US law has no bearing in Canada.
Am I wrong?
Or did US Law suddenly become the law in Canada.
No and no.

Climb down off the easily offended high horse.

I also think the new ruling on Roe vs Wade is a ridiculous, partisan reversal of 50 years of abortion rights.
But ITS A LAW IN THE US.
WE”RE IN CANADA.
It won’t fly here. Political suicide.
Maybe we should start protesting about stupid US guns Laws as well because they’re wrong and we should all demand the US reverse its decision on that…because were Canadian and we don’t like a US Court ruling.?

Tamara, this is whats called a blogdog pile.
And a…..one and a …..two and a…. three…..

#165 Faron on 06.25.22 at 9:16 am

#129 Sail Away on 06.24.22 at 9:54 pm
#110 Senator Bluto on 06.24.22 at 7:01 pm

Again, incorrect and lacking logical consistency.

_______________________________________________

#156 Sail Away on 06.25.22 at 12:46 am

Ukraine is old news. We’ll, something might still happening there, but…yawn…

Abortion is the bright new theme

Aside from highlighting your declining grasp of the English language, it’s worth pointing out that many of us are able to consider multiple ongoing issues at any one time even if you cannot.

#166 DON on 06.25.22 at 10:16 am

#161 Ross B. on 06.25.22 at 8:15 am
Hi Tatiana, you seem to have a good grasp of things.
Can you help me answer under what kind of circumstances, a minority government, with less than 1/3rd of the population supporting it, somehow seizes a mandate to print 400 billion dollars out of thin air in response to what statistics shows, was a bad flu outbreak (less than 1% mortality rate)?

And now they’re surprised that flooding the market with new un-backed currency units has had a dilutive effect on purchasing power and inflation.

Can we go through the process? Where do a minority government, and an allegedly apolitical central bank, find the permission to proceed with such measures?

Thanks in advance.

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

Geezus…answer the question yourself when you grow up. She is not your mommy.

#167 Dharma Bum on 06.25.22 at 10:31 am

What do women want?

1. To be financially independent.

2. A Sugar Daddy.

#168 Rob on 06.25.22 at 12:08 pm

Yes, I agree, by all means one should educate one’s spouse in understanding and being able to handle the family finances, when the need arises. Like others I have seen friends where either the husband (or in some cases, the wife) was the only one in charge of everything financial. Of course after that person passed away then often financial problems quickly arose for the surviving spouse.

However, that said, there’s another important point that should be considered and that is when there are children or perhaps only younger siblings in the family. I can’t stress this enough. Either one or both parents (while still able) should also ensure that their kids are ALSO financially involved in at least having an adequate understanding of the family’s finances even if they are not initially responsible for them.

Sure, a husband may die before his wife. She then in turn may be able to handle financial matters but as the years pass and perhaps her health and/or mental reasoning starts to decline then what? If she has a long term financial adviser to guide her then good but if not…?

Too often seniors, left alone, get scammed or make unwise financial decisions or risk their retirement financial security by unwisely becoming “the bank of mom”…

In summary what I’m saying is that no one “is an island” in the one’s later years when it comes to handling finances. We all need someone who will still be around, who is dependable, knowledgeable, and whom we can trust to help us in our waning years.

Just saying …

#169 Barb on 06.25.22 at 12:51 pm

At 23, our daughter bought her first house without financial help from us.
A couple of years later, her boyfriend moved in, arriving with only a suitcase and a dog.

Six years later, they married and recently celebrated ten years together. One child, a couple of dogs and chickens complete the family on their 5 acres.
Daughter continues to work full time and look after their two rentals (2 suites in each).

Daughter looks after everything from mortgage renewals, repairs/maintenance and arranging contractors for jobs she’s unable to do (re-roof), finances, housekeeping, installing/repairing drip irrigation, lawn mowing at home.

A lazy man should marry a Taurus woman.
Her husband did.

#170 Sail Away on 06.25.22 at 1:36 pm

#169 Barb on 06.25.22 at 12:51 pm

A lazy man should marry a Taurus woman.
[My daughter’s] husband did.

———

And he also won the jackpot with a supportive, nonjudgmental MIL. Lucky guy!

#171 Ohm on 06.25.22 at 7:42 pm

Thumbs up, great advice!

#172 Steven Rowlandson on 06.26.22 at 7:31 pm

Life in Canada is for those who get paid enough to live here and everyone else is kidding themselves or just out of luck.