Comments on: Who Would Say ‘No’ to Free Money? http://www.canadiancapitalist.com/who-would-say-no-to-free-money/ Helping you invest and prosper Sun, 12 Feb 2012 00:54:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Weekend Reading - March 21, 2008 | Million Dollar Journey http://www.canadiancapitalist.com/who-would-say-no-to-free-money/#comment-122505 Weekend Reading - March 21, 2008 | Million Dollar Journey Fri, 21 Mar 2008 09:31:14 +0000 http://www.canadiancapitalist.com/2008/03/11/who-would-say-no-to-free-money#comment-122505 [...] Canadian Capitalist tells us to invest in the employer matching RRSP program as it is free money.  I agree that it's free money and probably the best way to get RRSP exposure for most, however, there is an inconvenience factor if you were to change jobs. [...] [...] Canadian Capitalist tells us to invest in the employer matching RRSP program as it is free money.  I agree that it's free money and probably the best way to get RRSP exposure for most, however, there is an inconvenience factor if you were to change jobs. [...]

]]> By: Should I participate in my employer’s matching program? http://www.canadiancapitalist.com/who-would-say-no-to-free-money/#comment-121980 Should I participate in my employer’s matching program? Tue, 18 Mar 2008 02:39:22 +0000 http://www.canadiancapitalist.com/2008/03/11/who-would-say-no-to-free-money#comment-121980 [...] week’s post on a survey that indicated how a lot of employees who have the opportunity of getting an employ... attracted a few comments to the effect that if the mutual funds that were offered had a high MER [...] [...] week’s post on a survey that indicated how a lot of employees who have the opportunity of getting an employ… attracted a few comments to the effect that if the mutual funds that were offered had a high MER [...]

]]> By: Canadian Capitalist http://www.canadiancapitalist.com/who-would-say-no-to-free-money/#comment-121415 Canadian Capitalist Fri, 14 Mar 2008 17:40:42 +0000 http://www.canadiancapitalist.com/2008/03/11/who-would-say-no-to-free-money#comment-121415 There are warning signs that this gold fever could end as badly as others: According to this Globe article (<a href="http://www.reportonbusiness.com/servlet/story/RTGAM.20080314.wretailgold14/BNStory/Business/home" rel="nofollow">Link</a>) buyers now outnumber sellers 5 to 1 and there is a ten-fold increase in interest in gold. Sure, it sounds like a gutsy, contrarian move to buy gold now. There are warning signs that this gold fever could end as badly as others: According to this Globe article (Link) buyers now outnumber sellers 5 to 1 and there is a ten-fold increase in interest in gold. Sure, it sounds like a gutsy, contrarian move to buy gold now.

]]> By: Bryce http://www.canadiancapitalist.com/who-would-say-no-to-free-money/#comment-121407 Bryce Fri, 14 Mar 2008 16:53:54 +0000 http://www.canadiancapitalist.com/2008/03/11/who-would-say-no-to-free-money#comment-121407 Now that gold has broken the $900 dollar barrier it's now on it's way to $5,000,000/ounce. I love gold nuts. It's still a commodity and those are ruled by supply and demand. Now that gold has broken the $900 dollar barrier it’s now on it’s way to $5,000,000/ounce. I love gold nuts. It’s still a commodity and those are ruled by supply and demand.

]]> By: Janet http://www.canadiancapitalist.com/who-would-say-no-to-free-money/#comment-121402 Janet Fri, 14 Mar 2008 16:39:44 +0000 http://www.canadiancapitalist.com/2008/03/11/who-would-say-no-to-free-money#comment-121402 Great article on inflation adjusted Gold Prices. Gold should really be above $2000 per oz. http://goldprice.org/james-turk/2008/01/real-gold-price.html Great article on inflation adjusted Gold Prices. Gold should really be above $2000 per oz.
http://goldprice.org/james-turk/2008/01/real-gold-price.html

]]> By: Jim Rogers http://www.canadiancapitalist.com/who-would-say-no-to-free-money/#comment-121252 Jim Rogers Fri, 14 Mar 2008 03:20:48 +0000 http://www.canadiancapitalist.com/2008/03/11/who-would-say-no-to-free-money#comment-121252 John, You make a really good points on the GOLD. The average investor isn't a investor. They are apart of the work hard save money, and invest mutual funds for the long term crowd. They buy high and sell low and always get slaughtered in the markets. Look at our friends in the south. My house is my best investment and prices always go up. Not understanding what the Federal reserve did by lowering interests rate to nearly 1%. That's what created artificially high housing prices because of inflation and easy lending practices. Now the bills are due and nobody can pay. True investors look for under valued assets and waits and sell them to the sucker crowd and moves into another under valued asset class. My friends RRSP aren't going to help you become rich. So why do so many people believe in them? " If I save $200 per month for 30 years I will have about $100,000." That isn't investing my friends. That's being a sucker. John, You make a really good points on the GOLD. The average investor isn’t a investor. They are apart of the work hard save money, and invest mutual funds for the long term crowd. They buy high and sell low and always get slaughtered in the markets. Look at our friends in the south. My house is my best investment and prices always go up. Not understanding what the Federal reserve did by lowering interests rate to nearly 1%. That’s what created artificially high housing prices because of inflation and easy lending practices. Now the bills are due and nobody can pay. True investors look for under valued assets and waits and sell them to the sucker crowd and moves into another under valued asset class. My friends RRSP aren’t going to help you become rich. So why do so many people believe in them? ” If I save $200 per month for 30 years I will have about $100,000.” That isn’t investing my friends. That’s being a sucker.

]]> By: John Rubino http://www.canadiancapitalist.com/who-would-say-no-to-free-money/#comment-121179 John Rubino Thu, 13 Mar 2008 19:55:24 +0000 http://www.canadiancapitalist.com/2008/03/11/who-would-say-no-to-free-money#comment-121179 Yes, Good points about no dividends, and TSX. The Canadian dollar is strong why the Fed. reserve is devaluing it's fiat currency. That is the only result the CDN dollar is stronger. Gold is a store of value and true real money. Who do you trust? Central bankers and governments or real money. They can print as much paper currency as they want. Gold isn't man made. The average investor better start learning about money creation because by 2030 they may find that mutual fund and RRSP isn't enough to live on. Do some research on Argentina hyperinflation Yes, Good points about no dividends, and TSX. The Canadian dollar is strong why the Fed. reserve is devaluing it’s fiat currency. That is the only result the CDN dollar is stronger. Gold is a store of value and true real money. Who do you trust? Central bankers and governments or real money. They can print as much paper currency as they want. Gold isn’t man made. The average investor better start learning about money creation because by 2030 they may find that mutual fund and RRSP isn’t enough to live on. Do some research on Argentina hyperinflation

]]> By: Canadian Capitalist http://www.canadiancapitalist.com/who-would-say-no-to-free-money/#comment-121168 Canadian Capitalist Thu, 13 Mar 2008 18:54:59 +0000 http://www.canadiancapitalist.com/2008/03/11/who-would-say-no-to-free-money#comment-121168 JR: Firstly, in C$ terms gold bullion is up 9.34% from 2000 to 2007. During the same time period the TSX Composite is up 9.35% with all dividends reinvested. So, what outperformance are you talking about? But here's the kicker: Can you guess the best performing asset class between 2002 and 2007 in C$? While Gold did perform well, emerging markets beat Gold in all years except 2002. Moral of the story: Better diversify, because picking the asset class that is going to outperform in the short term is a mug's game. In any case, I am investing for 2030, not 2010. And over the long term, we do know one fact about gold: it has an expected real rate of return of 0. Maybe there are people who can accurately predict the twists and turns of the various asset classes. I don't play that game and I don't think most average investors should. YMMV. JR: Firstly, in C$ terms gold bullion is up 9.34% from 2000 to 2007. During the same time period the TSX Composite is up 9.35% with all dividends reinvested. So, what outperformance are you talking about?

But here’s the kicker: Can you guess the best performing asset class between 2002 and 2007 in C$? While Gold did perform well, emerging markets beat Gold in all years except 2002. Moral of the story: Better diversify, because picking the asset class that is going to outperform in the short term is a mug’s game.

In any case, I am investing for 2030, not 2010. And over the long term, we do know one fact about gold: it has an expected real rate of return of 0. Maybe there are people who can accurately predict the twists and turns of the various asset classes. I don’t play that game and I don’t think most average investors should. YMMV.

]]> By: John Rubino http://www.canadiancapitalist.com/who-would-say-no-to-free-money/#comment-121161 John Rubino Thu, 13 Mar 2008 18:12:20 +0000 http://www.canadiancapitalist.com/2008/03/11/who-would-say-no-to-free-money#comment-121161 Lets learn about market cycles. In 1980 the bull market in commodities was over and the bear market in stocks was over. One oz. of Gold could buy one share of the Dow Jones. Gold = $800 Dow Jones = 800. The smart money and real investors would sell gold and silver and move there money in stocks and real estate. The suckers would keep buying gold and silver and hope it would go higher. Sounds like the tech bubble of 1999. If people can't understand a simple cycle then please continue to buy Trimark fund and save worth paper in your RRSP. Smart Money is moving into real assets and GOLD. I guess it's still cheap at $1000. I will wait for the suckers to come in at $5000 and sale to them. Lets learn about market cycles. In 1980 the bull market in commodities was over and the bear market in stocks was over. One oz. of Gold could buy one share of the Dow Jones. Gold = $800 Dow Jones = 800. The smart money and real investors would sell gold and silver and move there money in stocks and real estate. The suckers would keep buying gold and silver and hope it would go higher. Sounds like the tech bubble of 1999. If people can’t understand a simple cycle then please continue to buy Trimark fund and save worth paper in your RRSP. Smart Money is moving into real assets and GOLD. I guess it’s still cheap at $1000. I will wait for the suckers to come in at $5000 and sale to them.

]]> By: Traciatim http://www.canadiancapitalist.com/who-would-say-no-to-free-money/#comment-121155 Traciatim Thu, 13 Mar 2008 17:26:29 +0000 http://www.canadiancapitalist.com/2008/03/11/who-would-say-no-to-free-money#comment-121155 John Rubino, you forgot to mention that Gold was also $850 in the early 80's so 17% in over 20 years. . . sounds great to me :) I don't even think that beats inflation over the same period. John Rubino, you forgot to mention that Gold was also $850 in the early 80′s so 17% in over 20 years. . . sounds great to me :)

I don’t even think that beats inflation over the same period.

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