Comments on: Is there anything better?

By: Ian Leafe

Ian Leafe — Wed, 03 Mar 2010 22:15:12 +0000

The greatst enemy for the Canadian investor is the taman. I held the “sudbury Basin ” but all of my shares were taken waway by Brazil and Swiss by XXSTA who both only wanted to hold the output down so they conrolled the price.Our Govt took milllions by the Capital gains and not caring for Canadians.Its long overdue that whats ours stays ours. All metals should be worke here in Canada before shipping..You cant refil a mine thats exhausted,Its empty forever.All lmetals should be part worked before shipping out.
Mines not worked by foreign owners should be classed as abandonded and revert to the Dominion Govt /Perhaps Premiers would start the retrevial of mines start ing Premier Williamsshould do it for Newfies benefit . Spain has done it with foreign ownership of beach housing held by foreignours with a 25 year gate,
Ian LEAFE

By: qmanrei

qmanrei — Thu, 12 Mar 2009 17:52:32 +0000

With 45 years of MLS data (at least in the Greater Toronto Area) – real estate has a track record.

By: Gates VP

Gates VP — Tue, 10 Mar 2009 13:50:48 +0000

I’m late to the punch here, but I think that @Phil S. really has the best idea. I would invest 10k on my wife or myself before I would throw another 10k into almost any investment.

But on with “real investments”.

From an inflation-adjusted perspective, the Dow reached its true highs in 2000. What few people are acknowledging is that we have been in a bear market for nearly 10 years. It’s easy to look at recent changes as if they were a true calamity, but really, the average investor had already lost purchasing power from 2000 to 2007.

So CC is asking about the better asset class and there really isn’t one in the US or Canada right now.

The reason is simple. The US is deeply in the red. They don’t have any reasonable surpluses. Which is akin to saying they don’t have any way to pay off the debt. Except of course for printing money.

Unless you manage to increase the goods you produce in proportion with the printed dollars, then you’re diluting the value of the dollars in existence. That’s exactly what the US is planning to do. They’re not tackling the trade surplus, they’re just printing money and that’s why you don’t want to be “in” the US dollar.

If you’re in bonds, your gains will be hammered by the upcoming inflation. If you’re in stocks, you’ll be in non-growth market that will also be hammered by inflation.

If you’re in the Canadian dollar, you’re in better shape fundamentally b/c you actually have a government surplus and a trade surplus. But most of that trade is with the US, so you’re just going to get diluted US dollars until somebody else can start buying Canadian resources.

So if you have money to invest. You either drop it in gold so that you don’t lose purchasing power or you invest in growing market like Australia (where they already have trade agreements with China). China, Brazil, India, Russia are all going to grow. Yes there’s higher risk and volatility, but all of these countries are actually exporting more than they import which means that they can make good on paying interest without diluting dollars.

That’s a big deal right now.

By: TStrump

TStrump — Mon, 09 Mar 2009 00:46:49 +0000

I’m far from an expert investor but I think it’s fair to say that each type of investment has its day in the sun.

By: Chad @ Sentient Money

Chad @ Sentient Money — Sat, 07 Mar 2009 01:45:22 +0000

I’m still partially with Bruce. Definitely getting to good buying levels. Everyday it goes down is a day risk is reduced.

By: Canadian Capitalist

Canadian Capitalist — Fri, 06 Mar 2009 22:05:46 +0000

CAB: I’m reviewing the Harry Dent book next week. I have little faith in any predictions on the stock market levels 6 months, 1 year or 2 years (insert any time period) here. And yes, he is the same guy who called for Dow 30,000 or some such number by 2008. He has an explanation for it though: “I missed taking into account the commodity cycle”. If he is wrong, you can bet that he will claim he missed some intergalactic cometary cycle as a reason.

By: CAB

CAB — Fri, 06 Mar 2009 19:19:06 +0000

To Bruce,

That’s Harry Dent (The Great Depression Ahead ) new book.. All is over, this is it… going down to 4000, it’s over folks, because of is baby boomer economics outlook. Mind you he also wrote The Roaring 2000s and manage the boomernomic fund from CI, look at his numbers!!!

I think he is full of it!!!

By: Bruce

Bruce — Fri, 06 Mar 2009 11:08:08 +0000

Some person is saying that dow will be 5000 or 4000. That is a very good chance for investors. He buy at 6500, buy at 5500 ,than final buy at 4500.
He can than fly to africa and forget the password and get retired.

By: Bruce

Bruce — Fri, 06 Mar 2009 11:01:47 +0000

I Sold all my bonds. My total assets in stocks is 8 times more than last year.

By: Ray

Ray — Fri, 06 Mar 2009 06:03:20 +0000

Phil: That is a great answer, I invested very aggressively in myself over the last couple of years, this year has been more of an put all the studying to work.

CC: My Fiance is doing her CFA while I am doing the CFP, I have studied with her throughout the course, I must admit It is very interesting material but unless you will work in the investment banking industry not very useful. I am also contemplating of doing it, since I have studied most of it might give it a try.