Economics have been sounding off on just how bad they think the next downturn might be. I need ideas and advice on what investments to make to set myself up for retirement
Very true , I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.
I've worked with a few different financial advisors, but I ultimately chose ''Jenienne Miniter Fagan'' because she seems to be very thorough and knowledgeable about the financial market
It's june 2024 now, since this video the TSX rallied 18%. When the market is low analyst tell us to sale, and when the market is high analyst tell us to buy. Crazy how bad they are.
Canada has an extremely concentrated economy - Real estate, banking (which relies heavily on real estate), and resources (which the Prime minister is trying to destroy). As a Canadian who already owns his house in Canada and is also employed in Canada, it'd be insane being also heavily weighted Canadian equities. It's one thing if your equity exposure is 10% in Canada but any more than that would be high risk.
Well, one thing for us Canadians is that canadian companies pay eligible dividends which is so much more income tax friendly. This is an important point when you live of your investments.
Exactly. Sucks for Gen X and the leftover boomers right now. Ironically most millenials and Gen z feel like we're screwed but if we are able to invest a bit of leftover money at the end of the month oh nigh dividend stocks by the time it's our turn to retire the sheer size of the generation will bring a big boom to those stocks when we millenials are in our 40-50s. Our cost of living is so high but if we can dollar cost average even 50-100 dollars left over every month over the next 20-30 years it's gonna be quite promising. My two cents
how many more times do "experts" advise us to run. All the most famous and succesful investors agree you ignore the volatility and stay invested, check in every once in a while to rebalance. CIBC telling us to run out of markets while they gave mortgages of seven figures to people making 40k per year.... hypocrisy.
Long term I am not concerned. Tough for people retiring in the next couple of years though. Maybe that is part of the plan. Keep them working longer so the system does not collapse. We will have political and social change soon. I see things getting better in a couple of years. People will get fed up soon enough, policy will change.
So if you buy 200k in US index and it goes down 20% you're left with 160k. You put 200k down and buy 1mill house you are leveraged 4x. House goes down 20% you lost 100% of your equity. If you sell, you lose another 50k in taxes, fees, commission, layer fees. But real estate never goes down....😂
Doesn't take a genius to figure out where stocks are going my friend. Just look at any historical chart and the trend keeps repeating. Canada is in for a very rough ride in these next few years.
Low Interest Rates is what caused these problems with the Canadian economy. Inflation is under+reported and still raining rampant. The Canadian dollar will lose value to USD if Canada doesn't match interest rates. This would increase inflation for both consumers send business. Jim Thorne wants inflation to continue running rampant, because he'll make more money.
Canadians are too maxed out in debt ... economy is weak and getting weaker. I'm out and staying out. US is a far superior economy with much better companies.
usually, if you do the opposite of these so called experts, it works out in the long run; the brokerages are betting that you will sell low because they are going to buy from you; remember you always need a partner to trade on the market
I have been using the forecast analytics of the Weather Network and their Meteorologists to forecast buying opportunities. It has proven just as accurate as the noise I heard here.
“ Get out of the TSX” Did these two make a disclaimer of their position that they sold all of their TSX securities prior to this interview ? These guys are Aces and Eights, call their bluff and stick, no bumps or raises. I’m holding and not folding.
The Bank of Canada has no other choice but to increase interest rates. They have printed so much money to finance the Liberal governments bloated bureaucracy and excessively wasteful "green programs". We have not had this much National debt since world war two. Interest rates are the only way to claw back the humungous amounts of cash circulating in the banking system. Historically speaking, when bond rates hit 6% there is no reason for investors to put their money in the risky stock market.
Look at M0. We printed to give CERB, it's all in checking accounts. When you look at M2 doesn't look like much. Look at how M0 exploded right on 2020 because of the sheer size of the 2k deposits.
I'm new to Biticon trade and l've been making huge losses trying to make profits myself in trading... I thought trading demo account is just like trading the real market.. Can anyone help me out or at least advise me on what to do?
Why would one invest in canadian stock market? It has been historically outperformed by US one. Also, the currency valuation is low, productivity growth is effectively going negative, innovations have never been in favor. Stay away unless you are a patriot and willing to give away your money :)
hide in long duration equities?? they will fall just as hard as the rest of the market. if not more. 8% yield is different when interest rates are at 5% vs 0%. just saying Jimmy
*Even with the bad economic, My life has totally changed since I started with $3,000 and now I make $68,700 every 14days for the past 3 months, I can afford any car or house of my choice right now and I don’t need to worry about my retirement ….,God bless Mrs Eleanor Nelson*
After a few conversation with Mrs Eleanor which I told her few of my problems and I also stated to her that I need a home of my own and she advised me to go on a two months trading program with her at a start up capital of $10,000 now I’m happily living in my new house here in Texas 🇺🇸
An investor that makes money on the markets going up thinks the BOC made a mistake. He wants us to pay the inflation tax so HE can make money. Get Bent!
I'm gonna dollar cost average the Canadian markets until it inevitably collapses in 5-10 years when immigration is no longer able to prop up our undiversified industries. Caz it's looking that way exactly like the investor on the panel was saying.
There are a lot of mixed opinions about stocks and their forecasts for the next few years. I'm looking for solid short-term profits through market corrections and would definitely join in if I knew a thing or two about day trading, but then again, what do I really know? I'm just looking for the right steps to grow my stagnant $50,000 reserve and hedge against inflation.
Time in the market beats market timing. Some people think they can view investing as a get-rich-quick scheme, but it doesn't quite work that way. It's a long-term commitment as you can see from Jooviers portfolio performance.
These market uncertainties are why I don't base my judgments and decisions in the market on rumors and hearsay. I got the best of me in 2020 which made me occupy a worthless position in the market, I had to reorganize my entire portfolio using an advisor, before I started to see significant results happen in my portfolio. I am still using the same advisor and I have netted over $1.5 million in 2 years, whether it's a bull or bear market, both generate good profits, it all depends on where you're looking.
Admittedly we are only one information away from amassing wealth, I know many people who made their fortunes from the Dotcom crash as well as the 08' crash and i have researched similar opportunities in this current market, could this person who guides you help?
My advisor "Monica Amanda McClure" is highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversification as a bear market buffer and is considered an expert in that field. I recommend doing further research on her references. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market profitably.
I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her.
I'm glad we can hear a smart opinion about the economy for once. All those pretending stocks and home prices will rebound in a V shape once interest rate cuts come are wrong. We're already in the recession cycle and even worse, we're in stagflation. Rate cuts will come the day we're so deep in the hole that we need QE to get out of it. And it will take years of recovery.
I am not trying to be pessimistic, but stocks go up and down all the time, that's why i have never had interest with whatever that has to do with long term, so I would be keen in knowing how to make as much profit as the super investors that generates up-to $20K in few months no matter the market condition
it is very easy to buy in on trending stocks but the problem is knowing when to sell or hold which is why a consultant is important . I've been in touch with one for about a year now and although I was initially skeptical about it, I will say I've made more progress within a year generating a profit of $620K from $155K
wow!!! this is great, I do take a wild guess on stocks and it works out for me sometimes but really need to change my approach towards the market. please how can I reach the consultant that's been helping you, would really want to do better with my finances this remaining months of the year
Its advisable go with registered representatives due to perks. *LINDA** RENEE** BRUNE* for example offers 1v1 consultation and also communicate with her clients which I think is amazing. I don’t know how many pro like that are there, so I just go with her strategy. You can also try contacting your bank, they offer portfolio representatives on some occasions
The bald guy is right, if you own a house in Canada you shouldn't be buying anything on the TSX. Also don't buy US ETFS hedged to the CND$....again your not diversifying if most of your money is in CND$ and the CND$ gets hammered in a down cycle.
Economics have been sounding off on just how bad they think the next downturn might be. I need ideas and advice on what investments to make to set myself up for retirement
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. that's why seeking expert advice is essential.
Very true , I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.
ould you kindly elaborate on the advisor's background and qualifications?
I've worked with a few different financial advisors, but I ultimately chose ''Jenienne Miniter Fagan'' because she seems to be very thorough and knowledgeable about the financial market
I just googled her name and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get.
This is your sign to start buying Canadian stocks lol
This aged well.
It's june 2024 now, since this video the TSX rallied 18%. When the market is low analyst tell us to sale, and when the market is high analyst tell us to buy. Crazy how bad they are.
I only run into burning buildings. Buildings that aren't on fire are over / fully priced.
I think it's early. The fire sale will be after interest rates are reduced and we have a hard landing.
Canada has an extremely concentrated economy - Real estate, banking (which relies heavily on real estate), and resources (which the Prime minister is trying to destroy). As a Canadian who already owns his house in Canada and is also employed in Canada, it'd be insane being also heavily weighted Canadian equities. It's one thing if your equity exposure is 10% in Canada but any more than that would be high risk.
Well, one thing for us Canadians is that canadian companies pay eligible dividends which is so much more income tax friendly. This is an important point when you live of your investments.
This is an important point that they ignore.
If you need money short term its probably best to get out, if youre long term its best to slowly buy at these price
Agree..solid companies will be back in a few years..they are too big to fail
Exactly. Sucks for Gen X and the leftover boomers right now. Ironically most millenials and Gen z feel like we're screwed but if we are able to invest a bit of leftover money at the end of the month oh nigh dividend stocks by the time it's our turn to retire the sheer size of the generation will bring a big boom to those stocks when we millenials are in our 40-50s. Our cost of living is so high but if we can dollar cost average even 50-100 dollars left over every month over the next 20-30 years it's gonna be quite promising.
My two cents
how many more times do "experts" advise us to run. All the most famous and succesful investors agree you ignore the volatility and stay invested, check in every once in a while to rebalance. CIBC telling us to run out of markets while they gave mortgages of seven figures to people making 40k per year.... hypocrisy.
I’m not saying people aren’t over leveraged but Nobody making 40k year got a 7 figure mortgage .
You can't "buy the dividend cut" if it never, ever happens.
The bald guy is right even if the rates go to zero soon in Canada most wouldnt risk investing in Canada anymore... .
I pulled all of my investments from Canada in 2022. The tsx is stagnant..
I love an honest guy.
Long term I am not concerned. Tough for people retiring in the next couple of years though. Maybe that is part of the plan. Keep them working longer so the system does not collapse. We will have political and social change soon. I see things getting better in a couple of years. People will get fed up soon enough, policy will change.
So if you buy 200k in US index and it goes down 20% you're left with 160k.
You put 200k down and buy 1mill house you are leveraged 4x. House goes down 20% you lost 100% of your equity. If you sell, you lose another 50k in taxes, fees, commission, layer fees.
But real estate never goes down....😂
What good is dividend yield when the stock is plummeting?
If your hold period is decades, stock price is not a concern as it will fluctuate both ways over the long term.
Its good for those not yet in.
Opportunity to buy more shares at a higher yield.
Doesn't take a genius to figure out where stocks are going my friend. Just look at any historical chart and the trend keeps repeating. Canada is in for a very rough ride in these next few years.
@@MrStillmans I disagree. If you hold for the very long haul then you might as well be an AMC bag holder
Why did he say 8% dividends arent real?
Low Interest Rates is what caused these problems with the Canadian economy. Inflation is under+reported and still raining rampant.
The Canadian dollar will lose value to USD if Canada doesn't match interest rates. This would increase inflation for both consumers send business.
Jim Thorne wants inflation to continue running rampant, because he'll make more money.
watching this video 4 weeks later after a massive November gains, this strategist coild not have been more wrong about the TSX and valuations
Canadians are too maxed out in debt ... economy is weak and getting weaker. I'm out and staying out. US is a far superior economy with much better companies.
Leave it to Canadians to think it’s in line. Housing is next in Canada suggest you take cover before it goes pop
Yes that's it.. Get out of the TSX, sell all your stocks please. Don't worry I'll be there to buy the dip 😁
usually, if you do the opposite of these so called experts, it works out in the long run; the brokerages are betting that you will sell low because they are going to buy from you; remember you always need a partner to trade on the market
If bond prices are going down then why does it matter when bond yields are attractively high?
So many “experts “ claiming to predict the future, I have done so very well picking good quality CANADIAN companies.
Pulled out in May. So glad I did. Now have all the liquidity I need to swoop down when the time is right.
It will take about 3 year for the right time to be. by then your money is 40% down in value.
Market timing doesn’t work
Berkshire Hathaway Nvidia, run from our debt loaded undiversified Canadian economy.
I have been using the forecast analytics of the Weather Network and their Meteorologists to forecast buying opportunities. It has proven just as accurate as the noise I heard here.
“ Get out of the TSX”
Did these two make a disclaimer of their position that they sold all of their TSX securities prior to this interview ? These guys are Aces and Eights, call their bluff and stick, no bumps or raises.
I’m holding and not folding.
The Bank of Canada has no other choice but to increase interest rates. They have printed so much money to finance the Liberal governments bloated bureaucracy and excessively wasteful "green programs". We have not had this much National debt since world war two. Interest rates are the only way to claw back the humungous amounts of cash circulating in the banking system. Historically speaking, when bond rates hit 6% there is no reason for investors to put their money in the risky stock market.
No other choice than to cut before it is too late
Look at M0. We printed to give CERB, it's all in checking accounts. When you look at M2 doesn't look like much. Look at how M0 exploded right on 2020 because of the sheer size of the 2k deposits.
Did you sleep through the pandemic?
All my investments are in us... i just cant find the diversity i need at home...
Same. I have $500 CAD
i was wondering why my Junior Miner went down some after they discovered NEW diamond fields by ALL THE BATTERY metal they have miles of claims on..
Finally a little mainstream honesty. I cant believe anyone believes anycfinancial reporting
Stocks are being sold to make mortgage payments.
Just sell the house.
I'm new to Biticon trade and l've been making huge losses trying to make profits myself in trading... I thought trading demo account is just like trading the real market.. Can anyone help me out or at least advise me on what to do?
Ya, really? Ask people to sell after sell off has happened! If you have cash, time to start buying. If you hold TSX, hold it.
Bad advice, run in to the burning buildings and buy bank stocks. NFA, DYOR.
Well if you are worried about your investments tanking at least take solace in the fact that what’s left is continually devalued by rampant inflation.
Why would one invest in canadian stock market? It has been historically outperformed by US one. Also, the currency valuation is low, productivity growth is effectively going negative, innovations have never been in favor. Stay away unless you are a patriot and willing to give away your money :)
Why ? How about 1. U r a canadian. 2. Don't want to think of exchange rates. 3. Not to mention tax benefits. Still want me to continue on this list ?
The stock market is a 50-50 roll of the dice. If anyone tells you it's anything but random, stop listening to them.
Is now the best time to buy Canadian banks? Probably not. Is now a great time to buy Canadian banks? Yes.
hide in long duration equities?? they will fall just as hard as the rest of the market. if not more. 8% yield is different when interest rates are at 5% vs 0%. just saying Jimmy
Inverse whiney Jim Thorne
He's right, we have overtightened... it's just unclear to me how this gets unwound and what the pin action is going to be when it does.
*Even with the bad economic, My life has totally changed since I started with $3,000 and now I make $68,700 every 14days for the past 3 months, I can afford any car or house of my choice right now and I don’t need to worry about my retirement ….,God bless Mrs Eleanor Nelson*
Crypto investment is profitable with a good professional broker like Mrs Eleanor, I started with 0.5 BTC now I have almost 6 BTC in my coin base
After a few conversation with Mrs Eleanor which I told her few of my problems and I also stated to her that I need a home of my own and she advised me to go on a two months trading program with her at a start up capital of $10,000 now I’m happily living in my new house here in Texas 🇺🇸
Yea What'sapp 👇
I will drop her What’s-app tel with emojis cos of TH-cam rules
📌+130
Stoltenberg Plaza
An investor that makes money on the markets going up thinks the BOC made a mistake. He wants us to pay the inflation tax so HE can make money. Get Bent!
thx trudoh
I'm gonna dollar cost average the Canadian markets until it inevitably collapses in 5-10 years when immigration is no longer able to prop up our undiversified industries. Caz it's looking that way exactly like the investor on the panel was saying.
Lol if you believe a collapse is inevitable why would you dollar cost average? You will by near/after the collapse?
the US might fare better than canada but its still going to be a shit show down south too...
Always do the opposite of what they say
This reporter is not bad but Catherine Murray was the best interviewer BNN had.
There are a lot of mixed opinions about stocks and their forecasts for the next few years. I'm looking for solid short-term profits through market corrections and would definitely join in if I knew a thing or two about day trading, but then again, what do I really know? I'm just looking for the right steps to grow my stagnant $50,000 reserve and hedge against inflation.
Time in the market beats market timing. Some people think they can view investing as a get-rich-quick scheme, but it doesn't quite work that way. It's a long-term commitment as you can see from Jooviers portfolio performance.
These market uncertainties are why I don't base my judgments and decisions in the market on rumors and hearsay. I got the best of me in 2020 which made me occupy a worthless position in the market, I had to reorganize my entire portfolio using an advisor, before I started to see significant results happen in my portfolio. I am still using the same advisor and I have netted over $1.5 million in 2 years, whether it's a bull or bear market, both generate good profits, it all depends on where you're looking.
Admittedly we are only one information away from amassing wealth, I know many people who made their fortunes from the Dotcom crash as well as the 08' crash and i have researched similar opportunities in this current market, could this person who guides you help?
My advisor "Monica Amanda McClure" is highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversification as a bear market buffer and is considered an expert in that field. I recommend doing further research on her references. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market profitably.
I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her.
Looks like this guy is overleveraged himself
Funny money 😅
I'm glad we can hear a smart opinion about the economy for once. All those pretending stocks and home prices will rebound in a V shape once interest rate cuts come are wrong. We're already in the recession cycle and even worse, we're in stagflation. Rate cuts will come the day we're so deep in the hole that we need QE to get out of it. And it will take years of recovery.
the tsx is pathetic
I am not trying to be pessimistic, but stocks go up and down all the time, that's why i have never had interest with whatever that has to do with long term, so I would be keen in knowing how to make as much profit as the super investors that generates up-to $20K in few months no matter the market condition
it is very easy to buy in on trending stocks but the problem is knowing when to sell or hold which is why a consultant is important . I've been in touch with one for about a year now and although I was initially skeptical about it, I will say I've made more progress within a year generating a profit of $620K from $155K
wow!!! this is great, I do take a wild guess on stocks and it works out for me sometimes but really need to change my approach towards the market. please how can I reach the consultant that's been helping you, would really want to do better with my finances this remaining months of the year
Its advisable go with registered representatives due to perks. *LINDA** RENEE** BRUNE* for example offers 1v1 consultation and also communicate with her clients which I think is amazing. I don’t know how many pro like that are there, so I just go with her strategy. You can also try contacting your bank, they offer portfolio representatives on some occasions
Thanks for sharing. I found her website online, will connect with her.
Two things no Canadian should ever own if you want to gain wealth
1. CAD
2. Canadian equities ( with a few exceptions ENB being the main one)
The bald guy is right, if you own a house in Canada you shouldn't be buying anything on the TSX. Also don't buy US ETFS hedged to the CND$....again your not diversifying if most of your money is in CND$ and the CND$ gets hammered in a down cycle.
The entirety of these shows are telling you what they want the market sentiment to be not what it is. It's all already priced in.