Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
Things are strange right now. The US dollar is becoming less valuable because of inflation, and other powerful nations waking up to trade in their own currencies. Good thing is, a lot of people still turn to the Dollar because of the safety is somehow assures. I'm worried about my retirement savings of about $420,000 losing value because of these factors and more. Where else can we keep our money?
It's a delicate season now, so you can do little or nothing on your own. Hence I’ll suggest you get yourself a financial expert that can provide you with valuable financial information and assistance
Very true! I've been able to scale from $50K to $189k in this red season because my Financial Advisor figured out Defensive strategies which help portfolios be less vulnerable to market downturns
I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2024
Since risk is at an all-time high right now, perhaps you should be a little more patient and return when it has decreased. Alternatively, you can consult a trained financial expert for strategy.
Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
No buyers are rushing into buying overpriced homes, they aren't interested much in rate cuts. They want to see house prices themselves come down significantly. Why should the younger generation have to take on immense debt to be the boomer generations exit liquidity when they go to sell their homes to fund their retirement. They lived so nicely in their cheap homes, it's not the younger generations job to take on that burden. Honestly the boomer generation doesn't know how good they had/have things.
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Maria Thorne..
Wow. I'm a bit perplexed seeing her been mentioned here also Didn't know she has been good to so many people too this is wonderful, i'm in my fifth trade with her and it has been super.
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional.
Canada is lowering interest rates while America is not. For every 1% drop in Canadian rates, expect the Canadian dollar to drop by 10%, which will result in the cost of everything you need to live (all imports) rising by a similar 10%. People want rates to drop 2% to 3% but what they don't understand is that by doing so they will make the cost of living rise by 20% to 30%. I don't think many people can afford to pay 30% more for everything, they just don't have the income.
The problem is normal canadians like me cannot afford to jump into housing untill A there is a price adjustment as assets are over priced currently and B the government looks for new funding models for down payments or changes to the rules of down payment system.
The reason for rate cuts is unemployment is finally increasing enough to cut. But cutting doesn't slow unemployment until 18-24 months later, just like rate increases didn't slow the economy until 2 years later.
According to Trudeau and Freeland, Canadian economy has been roaring for the last 8 years, beating the whole world. We already made Canada the best country on earth in human history, and we will make it even better
Thank you to all the investors for falling into the trap. The government will now take the condos back :) espicially since Canada bought 30 billion worth of Canadian mortgage bonds. And with the increase in liquidity from ofsi. I expect a lot of these mortgages to eventually go into default.
@@stephenfermoyle4578no matter what Canada is fucked for the next 2-5 years. Lowering interest rates did nothing for this economy lmao. I suggest alot of people to get off their shit and go look for work. Why Indians are here to take all your jobs. They did the exact same shit to the chinese and Vietnamese back in the 1970s to 1990s
I have a good job and sizable stocks investments and I just cancelled all my Amazon auto subscriptions, Paramount Plus, Disney Plus, Amazon Music Unlimited. Will cancel CAA(Quebec) (triple A). Gamepass + too. Was planning to upgrade my PC with 15th gen intel. Won't happen. Switching groceries to bags of beans and lentils. Frozen vegetables. To reduce groceries cost. Reducing grocery trips too. You just know it's coming and I'm ready. I sat down on a chair before the music stops. You can say I'm extreme, but what is extreme is being homeless. Imagine you become homeless because you didn't cut 500$ in annual subscriptions. How bad would you regret 😂
Nope. There is just too much underlying demand for housing for a crash, especially in the bigger cities. Prices have and will continue to soften over the next 2 years, but no crash.
Nope, the rate cuts are reflected in most mortgages almost instantly, has nothing to do with "working through the economy" The reason for the spike in delinquencies is that the Banks start cutting rates when they see the first signs, but they are too slow to do it. They should be cutting 1-2% right now, with inflation below 3%, a prime rate of 7% is waaaay too restrictive.
Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
Things are strange right now. The US dollar is becoming less valuable because of inflation, and other powerful nations waking up to trade in their own currencies. Good thing is, a lot of people still turn to the Dollar because of the safety is somehow assures. I'm worried about my retirement savings of about $420,000 losing value because of these factors and more. Where else can we keep our money?
It's a delicate season now, so you can do little or nothing on your own. Hence I’ll suggest you get yourself a financial expert that can provide you with valuable financial information and assistance
Very true! I've been able to scale from $50K to $189k in this red season because my Financial Advisor figured out Defensive strategies which help portfolios be less vulnerable to market downturns
I find this intriguing. Could you please provide me with the means to get in touch with your Adviser? I am concerned about my dwindling portfolio.
Could you possibly recommend a trustworthy advisor you've consulted with?
I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2024
Since risk is at an all-time high right now, perhaps you should be a little more patient and return when it has decreased. Alternatively, you can consult a trained financial expert for strategy.
Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
Annette Christine Conte is her name. You may look her up online; she is a reputable financial counselor in the US with a license.
Thank you very much. Seeing her page allowed me to leave her a message.
No buyers are rushing into buying overpriced homes, they aren't interested much in rate cuts. They want to see house prices themselves come down significantly. Why should the younger generation have to take on immense debt to be the boomer generations exit liquidity when they go to sell their homes to fund their retirement. They lived so nicely in their cheap homes, it's not the younger generations job to take on that burden. Honestly the boomer generation doesn't know how good they had/have things.
You want free lunches. It is not a girlfriend wish.
Don't worry. Canadians need homes to live and can't sleep on roads. When there is demand, prices will increase.
Lol I'll live in my car before i pay rental prices
sadly boomers are large voting block, and politicians will always buy their votes!
That’s why you should be investing in US stocks and not Canadian dirt 😅
That was the best thing I did about 8 years ago.
Yup made a killing in stocks and crypto over the last 8 years
@@Canadian_Eh_I yup. And Toronto condos are basically the same price over that time. So much for the “housing ladder”😂
There's no stock in Canada that goes up. Lolol
@@huskavarnapunkbandyup, we sacrificed a tech-based innovation economy for a debt fuelled real estate one. Crazy
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Maria Thorne..
Wow. I'm a bit perplexed seeing her been mentioned here also Didn't know she has been good to so many people too this is wonderful, i'm in my fifth trade with her and it has been super.
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional.
Sincerely speaking., I will continue to trade and stick to Maria Thorne daily signals and guides as long as it works well for me.
I'm new at this, please how can I reach her
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much
Canada is lowering interest rates while America is not. For every 1% drop in Canadian rates, expect the Canadian dollar to drop by 10%, which will result in the cost of everything you need to live (all imports) rising by a similar 10%. People want rates to drop 2% to 3% but what they don't understand is that by doing so they will make the cost of living rise by 20% to 30%. I don't think many people can afford to pay 30% more for everything, they just don't have the income.
The problem is normal canadians like me cannot afford to jump into housing untill A there is a price adjustment as assets are over priced currently and B the government looks for new funding models for down payments or changes to the rules of down payment system.
Then would you not get more rate cuts because CPI will start to drop like crazy and that in turn equal more cuts.
The reason for rate cuts is unemployment is finally increasing enough to cut. But cutting doesn't slow unemployment until 18-24 months later, just like rate increases didn't slow the economy until 2 years later.
Thank you for the rare honest conversations on the conditions of the market
According to Trudeau and Freeland, Canadian economy has been roaring for the last 8 years, beating the whole world.
We already made Canada the best country on earth in human history, and we will make it even better
Vote the moose for our PM! Cheaper salary and similar results
She must be an amazing person to have helped lots of people through the years.... thanks for the info I will write 2 her immediately.
Can it get worse than 25% of Canadians living in poverty?
Thank you to all the investors for falling into the trap. The government will now take the condos back :) espicially since Canada bought 30 billion worth of Canadian mortgage bonds. And with the increase in liquidity from ofsi. I expect a lot of these mortgages to eventually go into default.
When JT gone , mostly will be better
won't change a thing...its greed and agents that caused this mess....
Yup Pollievre will co-sign people’s mortgages I heard
@@stephenfermoyle4578no matter what Canada is fucked for the next 2-5 years. Lowering interest rates did nothing for this economy lmao. I suggest alot of people to get off their shit and go look for work. Why Indians are here to take all your jobs. They did the exact same shit to the chinese and Vietnamese back in the 1970s to 1990s
Our economy is beyond broken
GEE THANKS
I have a good job and sizable stocks investments and I just cancelled all my Amazon auto subscriptions, Paramount Plus, Disney Plus, Amazon Music Unlimited. Will cancel CAA(Quebec) (triple A). Gamepass + too. Was planning to upgrade my PC with 15th gen intel. Won't happen. Switching groceries to bags of beans and lentils. Frozen vegetables. To reduce groceries cost. Reducing grocery trips too. You just know it's coming and I'm ready. I sat down on a chair before the music stops.
You can say I'm extreme, but what is extreme is being homeless. Imagine you become homeless because you didn't cut 500$ in annual subscriptions. How bad would you regret 😂
I always became poorer under the liberals now I’m just trying to become a good liberal by living like a parasite off other taxpayers
Don't buy property in Toronto.. will get much lower
These are the conditions for a massive housing crash , homes won't stay 1m-1.5m yada yada yada , a correction is coming
So quick but your house now so when that crash comes you've deleted liquidity and profits. Greed greed greed
Nope. There is just too much underlying demand for housing for a crash, especially in the bigger cities. Prices have and will continue to soften over the next 2 years, but no crash.
Canada isnt even a serious country.
Nope, the rate cuts are reflected in most mortgages almost instantly, has nothing to do with "working through the economy" The reason for the spike in delinquencies is that the Banks start cutting rates when they see the first signs, but they are too slow to do it. They should be cutting 1-2% right now, with inflation below 3%, a prime rate of 7% is waaaay too restrictive.
Finally getting your wrath!
Its the best time to buy, and sign a 1 year fix mortgage. Rates are coming down, and prices of house will skyrocket AGAIN.