Canadians Set All-Time Wealth Record... But 90% is with One Group
Вставка
- Опубліковано 16 чер 2024
- 📥 Subscribe to the Pulse Newsletter for Weekly Market News (FREE) ➤ thepulse.beaviswealth.com/
In this episode, Canadian household wealth reaches a new high of $16.9 trillion, driven by a stock market rally and a rise in residential real estate values. However, wealth distribution remains uneven, with significant net worth concentrated among homeowners.
Also in this episode:
📰 National Bank of Canada acquires Canadian Western Bank in a $5 billion deal, signaling further consolidation in the banking sector.
📰 Consumer sentiment in the U.S. drops to a seven-month low, with ongoing concerns about inflation and slower income growth.
📰 Florida home insurance premiums are set to rise by 40%, impacting many Canadian snowbirds.
Thank you to Harvest ETFs for their support of this video. Please visit their website to learn more:
Full Information and Disclaimer: harvestportfolios/etf/htae/
-----------
Courses & Training - The Investing Academy ➤ bit.ly/theinvestingacademy
Follow Us On Blossom ➤ getblossom.page.link/brandon
Instagram ➤ bit.ly/3Oechgh
TikTok ➤ bit.ly/3PlNvfw
LinkedIn ➤bit.ly/3RLndF7
Website ➤ www.beaviswealth.com
-----------
🏦🇨🇦 Sign Up Bonuses 💰💸:
► Qtrade Direct Investing Online Brokerage (Get $50 upon opening and funding a new account, up to $150 for 3 accounts). - api.fintelconnect.com/t/l/658...
► Questrade Online Brokerage (Get $50 in commission-free trades) - bit.ly/3OhrRrK
► Wealthsimple Trade ($50 cash bonus when you deposit $150 or more) - bit.ly/3v1FBQt
► Wealthsimple Invest Robo-Advisor (Receive a $50 sign up bonus) - bit.ly/3Pm2g1Z
► NEO Financial (Cash Back Credit Card) - bit.ly/3yJqb4s
The above affiliate links are provided for your convenience, and if you click on a link and end up purchasing a product or service, this channel may receive compensation for the referral. We have personally vetted each of these companies and services and, in our opinion, we believe they provide value to our viewers, depending upon your individual circumstances.
Business Inquiries: support@theinvestingacademy.ca
-----------
Beavis Wealth Disclaimer:
The views and opinions shared on this channel are for informational and educational purposes only. Although previously licensed, the contributors are no longer industry participants and are not licensed to provide financial advice. They strive to provide you with educational information in an entertaining manner. Always do your own research and due diligence before investing. Generally speaking, you should consult a licensed investment professional before investing.
-----------
BMO Disclaimer:
This content is sponsored by BMO Exchange Traded Funds.
This content is intended for information purposes only. This content has been prepared by Beavis Wealth and represents its assessment at the time of publication. Beavis Wealth is compensated under this arrangement by BMO Exchange Traded Funds. The content contained herein does not necessarily represent the views of BMO Global Asset Management. The views expressed herein by Beavis Wealth are subject to change without notice. The content contained herein is not, and should not be construed as, investment advice to any party. Any securities described herein must be evaluated relative to the individual’s investment objectives and risk tolerance, and professional advice should be obtained with respect to the individual’s particular circumstances.
The views expressed herein by Beavis Wealth regarding a particular company, security, industry, or market sector should not be considered as an indication of trading intent of any investment funds managed by BMO Global Asset Management. Any reference to a particular company is for illustrative purposes only and should not be considered as investment advice or a recommendation to buy or sell nor should it be considered as an indication of how the portfolio of any investment fund managed by BMO Global Asset Management is or will be invested. This social media network is an independent organization and is not affiliated with BMO Global Asset Management.
BMO Global Asset Management is a brand name under which BMO Asset Management Inc. and BMO Investments Inc. operate. - Фільми й анімація
I'm doing really well, I have the second biggest tent in the whole park.
Time to upgrade to an 4 man sized tent with mini canister camping heater
Just remember that the biggest tent gets hit by lightning first.
Can I be your roomate?
mine has lake front views
I can't afford a house and I make good money as a software dev. Renting (still have pre covid rent) costs half of what i would pay for the smallest shittiest house i could get. So I've decided screw a house. I'll build my wealth with emergency funds, ETFS and RSSP.
You are just paying off someone else’s mortgage. The biggest predictor of wealth is home ownership. That’s double when there is an out of control government spending like crazy, inflating assets will do better than productive ones in this sucky economy.
@@mkyhou1160 I don't really care at this point. Paying for a house would render me broke. I couldn't eat, couldn't afford internet or anything. Not worth it. Plus the houses are broken to shit and small, complete dumps and probably riddled with mold. Their walls are warped and in desperate need of repairs that I would have to undertake.
@D4rkBl4de learn to do home renovations and 15 years later flop the house on the market for millions then go beach bumming in Costa Rica or Dominican Republic for rest of your life
@@mkyhou1160 Cash flow is everything, sure get a house if you have the cash, but remember it's 30 plus years of debt. who is to say you will make money on it that money pit, oh ya the liberals did....lol
@@JS-jh4cy most don't get that lucky in the long run a house should not be your biggest investment.
Canadian banks have been doing poorly lately.
That will change as rates come down. I am accumulating banking ETF's atm as they're trading at a huge discount (imo).
My net worth went up for (as far as I can see) no good reason... certainly not anything I did!
The fog is very thick here. Consumer debt is off the charts in Canada and mortgage debt on over priced semi is nuts too!
Capital gain tax on primary residence will fix the problem
Thanks Mark. See you at Vancouver gathering. Stay well.
Thanks, you too! See you in a few weeks!
i have a cheap mobile home with landownership and owner run park . i dont buy wind or water damage insurance because its too expensive. My exposure to total loss is about 50 thousand US. This situation has succeeded for 40 years.
Can someone explain how house is a retirement investment? Once retiree sels house to fund retirement where he/she supposed to live?
In their apartment.
Tent
Investment on a million plus CPP etc is a minimum 65k a year and you aren't touching the principal. Not enough for you?
Good Point! This is why a HIGH NET WORTH individual is defined as someone whose investable assets EXCLUDING the primary residence is over a million dollars CAD. Many Canadian retirees are house rich but cash poor
They sell their house, and move to a senior housing. Monthly income from CPP and OAS and the cash difference from their house sale.
Paper wealth. They don’t consider the all time debt growing at the fastest pace.
Wow great content and updates as expected 🙂. Thanks for the HTAE ETF it looks really good growth but the MER fees are a bit STEEP but I am sure there is a lot of work involved! God Bless!
I had CWB before the pandemic. I sold everything in march 2020 and when I bought back in I went with CM. That all turned out well, so I should just count my chickens...or whatever the saying is.
I bet the CWB will happen- there is no overlap of the two banks. There is an arbitrage on 20% in buying CWB.
It's called money printing... Where debt to GDP puts us beyond point of no return. What's missing here is the correct perspective...
It's all going to end in tears.😦You are being Hypnotized
Don’t tell the CPC Party
First!
Nicely done!
We only get $0.38 from every dollar we make after all the taxes we pay
Depressing!
I don't mind paying taxes for services like clean water good roads fire protection etc. It's important.
@@cakeismtrader4227 you must make millions
Beavis Ponzi
Thanks for commenting, but honestly, I have no idea what your comment means.
Need to tax those guys
They are people just like you working slightly harder, investing, slightly smarter, and all you can say is take it away. That is a disgusting attitude.
@@swingingforgold5743 need to tax you more
@@spacebarwasd9782 that just means more taxes for yourself you confused individual🤦♂️
@@swingingforgold5743 we all work for taxes
We work for taxes