Canada is one of the best contrarian markets in the world: strategist
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- เผยแพร่เมื่อ 14 เม.ย. 2024
- Brian Belski, chief investment strategist at BMO Capital Markets, joins BNN Bloomberg to discuss Canadian opportunities amid volatility in the U.S. stock markets. Some of the stocks he's watching are BCE and Canadian Tire.
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The market trend can turn around very quickly. In fact, the indexes often switch from a bear market to a bull market when the news is at its worst and the mood of investors is at its lowest point. I read an article of people that grossed profits up to $150k during this crash, what are the best stocks to buy now or put on a watchlist?
This is still a window-shopping market. But there are a lot of intriguing stocks to watch from a variety of sectors. You don’t have to act on every forecast, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.
impressive gains! how can I get your advisor please, if you dont mind me asking? I could really use a help as of now
My CFA ’Melissa Terri Swayne’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $560K for sometime now, my major challenge is not knowing the best entry and exit strategie;s ... I would greatly appreciate any suggestions.
The strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
I agree, before the pandemic got real serious, I used to handle all my investment and I was pretty good at it, fast forward to post-pandemic and my-portfolio is steady in the red with profit rate down to the lowest, that's when I touched-base with a coach I saw featured on businessweek, who restructured my portfolio and over the last couple months, I've made over $850k from initially $210K
Smart, If i wanted to do the same with my retirement funds too, how do i get started trading?
One of the fiduciaries I deal with is Jennifer Lea Jenson. Just check the name. There would be a letter with the necessary information to set up an appointment.
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
He still thinks people buy 2by4s at Canadian tire. Another steaming hot take from a BMO adviser..😂
There's a 0.000000000000000001% chance the TSX outperforms the S&P
TSX is predominantly energy and financials. Its absolutely possible. The Canadian economy doesnt have to be stronger or more competitive overall for that to happen at certain cyclical points
There are two choices for Canada before our economy gets better. Either the currency is going to fall to 50 US cents for every 1 Cad dollar, or housing prices will fall 30 - 40 %.
yes exactly my prediction , they will keep the home prices high but will be poorer in USD terms the loonie will touch 1.7
Another Disney sunny days forecast?
Yah , it's the only way it can work , it either hits the currency value or the asset value to bring things back to equilibrium. Effectively no matter the jurisdiction ( USA / EU / CAN ) the productivity value takes into account all of these Inputs , and businesses make the choice based on the highest productivity ( for where it sets up shop )
As a Canadian I can say that Canada is toast. With our massive debt levels and over 6% unemployment along with the social problems and housing prices we are becoming another Argentina. It's a bad position to be in and I don't see this changing anytime soon. IDK where this analyst is coming from but he's completely overlooking the issues outlined above.
Isnt canadian debt/GDP only around 70%? Why so pessimistic? US is in much worse position
The historical unemployment for Canada is around 7%. 6% is actually a bit lower. It's also the case that unemployment is counted differently in Canada than in the US.
@@Muddi12345 Social media.
@@Muddi12345if the US collapsed who’s gonna keep Canada safe? Our military is heavily under funded we don’t even meet NATO targets by a long shot.
Stock market does not mirror mainstream economy. Canadas living standards dont have to be doing well for the stock market to
Is that still the case after Canada capital gains changes that took place April 16? Who’d want to invest or create businesses there after this?
Tent Cities
Just spend a few months in any major Canadian city and then tell me with a straight face that you want to invest your money in the Canadian economy, I bet you can't. Homeless everywhere, open and rampant drug use, and an increase in crime. Any Canadian paying attention would roll over laughing if someone were to insinuate that the worst is behind them in terms of a growing or a productive economy.
Id rather invest in Canada than anywhere else in the world. No thanks, i trust my country over any other place these troll factories are coming from 😂 talk about jealous!
Do you really think the government is going to stop spending?
Keynesian economics 101. When the economy slows, government stimulates the economy, driving inflation and asset prices up. Do I think Canada offers the best investment opportunities right now? No, but it's better than not investing at all.
@@XetaXones mass immigration of low-skilled workers, unaffordable housing, high taxes, public infrastructure depreciating quicker than it is being replaced, a healthcare system on the brink of total collapse due to unsustainable population growth - yeah, you are right, I am very jealous.
@@doctorgonzo5358 I am not saying to not invest at all but if you have the opportunities to invest in the US over Canada then you take the US 10 times out of 10. Wait until BOC is forced to cut to save housing and the CAD drops to 0.50$ per 1 USD.
@@BigCheese150 I get what you're saying about preferring other investments but you're missing my point. If the Canadian dollar depreciates like you're saying, what do you think happens to Canadian equities? They rip higher. So many people don't understand this. As an extreme example, take a look at what happened to Argentina in recent years. The Argentinian peso collapsed and 1 peso is now = 0.0016 of a CAD. What happened to the Agentina stock market (MERVAL index)? It went vertical hundreds of percent. This is what creates wealth inequality. Those who hold assets benefit and those who hold cash get wrecked. What happened after the GFC? What happened after covid lock downs? Government bailouts and higher asset prices. The question is, do you think anything is going to change? If you really think the CAD goes to .50, you want to be invested in Canada. When the Canadian dollar loses value, Canadian assets go up in value. This is because a weaker currency makes Canadian exports cheaper for foreign buyers, potentially increasing demand for Canadian goods and boosting the value of Canadian assets. I know thats a rant and a half but im sure youre a smart person I don't want your hard earned dollars to be devalued while everyone sits around predicting the next crash.
Bwahahahahah this guys is going to lose every dollar he has investing in Canada
BMO rocks always flying high high
lol Traduction: the loonie is in danger
You could say you are keeping it open so more people don't want to hit your other things.
You have to have other things.
I still think having a lot of your own things is priority.
Cad to .50
It sucks, and they are hoes for free right now but it has in theory kept options open for them if they pivot and make moves on the globe as more players will want to protect investments.
LMAO- the guy is talking his book. Fear for his job. Canada is a toilet wait for the “BOND” flush
Like China? Fake eggs, fake EVs, chicken made of pork, beef made of duck and tofu dreg condos lmao 😂
It isnt canada anymore. People dont invest in banana republics.
This dude is losing his customers after this he is really flying high
I love how comedic the trolls are: working overtime to trick us into thinking were worse off than their countries 😂
Canadian stocks will do nothing until Polievre gets elected
This dude doesn't know what he is talking about..
You do? What’s your credential?
@@freedomlife3623 I work in fintech
Problem with cdn tire is they make more money from issuing sub prime credit cards than selling hammers and bbqs… credit card delinquencies will continue to surge!
canada in very bad shape is doomed 😂😂😂