Housing has increased 30-50% across the country in the past 3-5 years, rates have sky rocketed, and daily needs of food and gas and clothing etc have all increased 30+%. We are in for a decade of stagnation and pain.
The only thing you can do is make sure you're ready and plan accordingly because recessions are a natural part of the economic cycle. I began my career during a recession (2009). Aerial acrobatics on cruise ships was my first job out of college. I've developed my own business, am a vice president at a large corporation, own three rental homes, invest in stocks and businesses, and have seen a growth in my net worth of two million dollars over the past four years.
Let's face it, increasing stock and index fund purchases during downturns and bear markets is unnerving. Which makes it very difficult for most people, like me, to do. It's challenging to incur the risk of investing the one million dollars that I have in an S&S.
You are quite correct; they can have a significant impact on a person's portfolio. My first financial advisor for trusts was Camille Alicia Garcia. Her work ethic is acceptable according to the US Investment Act of 1940, and she is verifiable. Her open-book approach lets me completely own and control my portfolio while maintaining very low costs in comparison to the returns on my investment.
*@kristenpierce8661* I've wanted to start investing for a few months, but haven't had the courage to do so because the market has been down for the majority of this year. Please provide additional information about her offerings and how I may feel confident in her skills.
She covers a wide range of subjects, including insurance, retirement planning, investing, and coming up with methods to reduce investment risk volatility. You may look up her full name on the internet. She is popular. Therefore, locating her official website shouldn't be too difficult.
Thanks, I just Googled her and was quite impressed with her credentials; I got in touch with her because I need all the help I can get. I just set up a phone call.
In light of the impending recession and the fact that inflation is still far higher than the Fed's 2% target, several of the most prominent market analysts have been expressing their views on how terrible they believe the next downturn will be and how far stocks may have to fall. I need advice on what investments to make because I'm attempting to create a portfolio for my children that will at least be $850k in value.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
I've been talking to a coach named Mrs Marisol Cordova for a long now, mostly because I lack the knowledge and energy to deal with these ongoing market circumstances. I made more than $220K during this slump, demonstrating that there are more aspects of the market than the average individual is aware of. Having an investing counselor is now the best line of action, especially for those who are close to retiring.
Do you mind sharing info on the adviser who assisted you? been saving for pension since age 18 - company scheme. along the way I hit higher tax, so I added to my company pension with a SIPP (tax benefits) I'm 46 now and would love to grow my finance more aggressively,
I’m 41 - born and raised in Canada - and I can’t remember a time before (as politicians put it) “These tough economic times.” I have a good job. I’ve practiced law for a decade. I don’t feel I can comfortably afford a home. Something is deeply, frighteningly wrong with our economy.
As a young professional engineer I have been financially evicted out of British Columbia, have to live in a dump in Alberta. I have lost all hope in affording a home in this stupid country.
It’s not only affording a home it’s everything else like just normal comforts, activities, and frivolities that enrich life (can anyone other than corporate entities afford a Leafs game anymore?!!- I only go to games when I get gifted corporate vice seats!) are getting beyond everyone’s grasp… if educated professionals are struggling that should frighten everybody! I’m really sorry to hear this keep your head up. The fact that you’re even thinking about this puts you head and shoulders above the majority of sheep out there.
Canada has been in a recession in one way or another as long as I can remember, which is about 45 years. It is not a prosperous country. It's a place where you exist.
tbh if you ask me our federal spending policies arent efficient. quebec's aims for autonomy means we cant sign meaning federal programs to reduce taxpayer costs like healthcare contracts ( which are negotiated by provinces, raising bargaining power of companies).
45 years? Really?? What is your opinion on the other 194 countries? When comparing apples to apples, or countries to countries, Canada ranks in the 10 top in many of the important metrics. It's actually 10th place for inflation at 4.0% behind 9th place America at 3.7%, the last time I checked. Well above, last place Zimbabwe and Venezuela at 250% and 210% inflation. But go ahead and keep crying of how bad it is here without realizing you're in a top 5% country compared to the other apples. To paraphrase a great entertainer, "Canada is the best there is, the best there was, and the best there every will be!"
B.O.C is focus on numbers and compounding with the monetary policy of the current government to push for more spending that doesn't help the longterm prosperity of the country. We have a huge problem to fix.
As a Canadian if the only reset we get is everything collapsing then so be it. Id rather people eat and own a home, grow a garden and have a good paying job that makes you comfortable. Its a nightmare living in Canada, ive looked at every other country and housing there, idk if its cheaper to move to italy buy a villa learn italian and work and live in italy as opposed to buying a house in my country.
And so it begins... Rate cuts are only going to increase inflation dramatically. Thanks for the gross incompetence these last 15 years BoC and governments of Canada. You created a bubble thats going to pop and create economic carnage.
@@andrewb5412 I hear you. I make between about 80 and 90k in Victoria, and "luckily" I'm in an affordable apartment because I've been here for years with minimal rent increase. Home ownership? Never gonna happen. Let it collapse I say. Just what this country deserves.
@@andrewb5412You make 200k and you're broke because you're bad at managing money possibly or because you live in an expensive BC. There's no reason you should be complaining when making 6 figures in Canada unless you have 10 kids and live above your means.
The B.o.C will do whatever needs to be done. It didn't think of mortgage holders when it lowered interest rates to near 0% and it won't be thinking of mortgage holders if it has to continue to raise rates.
Leave Castro alone, he stood up to Americans, whereas Canadian politicians are agressive towards their citizens but passive and submissive when dealing with Americans
The canadian dollar is so low, I am trying to dump some but always too low compared to other major currencies , that's a sign the economy is on the brinks of collapse
Not necessarily. That makes or exports cheaper and allows us to more easily compete on the export market. If It is cheaper to build a car in Canada and sell it to the US then to make it in the US then our auto workers are more likely to get and keep their jobs as compared to their American counter parts.
@@JeremyMacDonald1973though Canada has cut manufacturing and only builds RE now Entire economy based on RE debt So if RE crashes the CAD drops and all food, retail, It, cars, etc that are 90% imported from other countries will get a lot more expensive Then CAD drops more as they do QE to bailout banks and inflation jumps 30%
@@JeremyMacDonald1973 true but Canada needs the $ and clear plan to do it Trudeau spend trillions on RE and climate change and spent billions more overseas to help other countries develop Not much available when RE and financial system along with government collapses next year and over next few years I hope I’m wrong but Trudeau spent the next generation’s future already
@@jmela1370 * The money for investing in manufacturing should come from the private sector. A low dollar is an investment opportunity and in capitalism the ones to take advantage of that should be private sector actors. * The Federal government did not invest in real estate. In fact real estate is not even, under normal circumstances, a federal issue. All the laws around development are done provincially. This is a major reason why Quebec has a much more affordable real estate market then British Columbia or Ontario. They have different zoning rules and different incentives and dis incentives that have effected the development market. This might change because housing affordability has become such a hot topic. Presuming it does it will be interesting to see how the federal government tries to intervene in an area that is really under provincial purview. * Canada has sent foreign aid to other countries to the tune of $6.9 Billion but that is a very small percentage of the budget and Canada is, as a percentage of our economy, one of the stingiest advanced developed countries in the world. * Likewise Climate Change issues are currently costing about $10 Billion - this out of an expected federal government outlay of $497 Billion for fiscal year 2023.
I remember last time in 08 with harper running the show it was a blip to us while the Americans payed. Now with TURDRILL running the show we are f....d it matter who you vote for
USD-CAD ------ This pair is going to parity from this point on going back to 2011-2012-2013 Levels ----- Home prices will see a 30%-40% value cut coming soon.
The amount of people moving to Canada lately. There is no recession. Everyone seems to be living and spending just fine. If you can't afford to live you are obviously living above your means and need to re-evaluate your budgets for all those extra things you don't really need but just have because you feel the need to impress your neighbors.
Housing has increased 30-50% across the country in the past 3-5 years, rates have sky rocketed, and daily needs of food and gas and clothing etc have all increased 30+%. We are in for a decade of stagnation and pain.
It's going to get a lot worse before it gets better.
Unfortunately it has to. We need to reset all the stupidity over the last 8 years.
Agreed, many have to suffer to get back to something resembling a functioning country. What we have now isn't completely untenable. @@gk6199
People just really wanted to recreate the economy of the late 60s and 70s. We even have a Trudeau as PM.
@@weaselsoup3105: Trudeau = TYRANT.
I moved to Canada in 2018 from the US. It has felt like a recession to me all along..
I see the difference working both in Canada and the US. There's just no comparison in the two economies.
Are there more jobs in the US?
There is real growth in the US. Real productivity. Canada is all about housing market and immigration
so move back then.
I am next year..
It has felt like a recession in Canada since around 2015.
The only thing you can do is make sure you're ready and plan accordingly because recessions are a natural part of the economic cycle. I began my career during a recession (2009). Aerial acrobatics on cruise ships was my first job out of college. I've developed my own business, am a vice president at a large corporation, own three rental homes, invest in stocks and businesses, and have seen a growth in my net worth of two million dollars over the past four years.
Let's face it, increasing stock and index fund purchases during downturns and bear markets is unnerving. Which makes it very difficult for most people, like me, to do. It's challenging to incur the risk of investing the one million dollars that I have in an S&S.
You are quite correct; they can have a significant impact on a person's portfolio. My first financial advisor for trusts was Camille Alicia Garcia. Her work ethic is acceptable according to the US Investment Act of 1940, and she is verifiable. Her open-book approach lets me completely own and control my portfolio while maintaining very low costs in comparison to the returns on my investment.
*@kristenpierce8661* I've wanted to start investing for a few months, but haven't had the courage to do so because the market has been down for the majority of this year. Please provide additional information about her offerings and how I may feel confident in her skills.
She covers a wide range of subjects, including insurance, retirement planning, investing, and coming up with methods to reduce investment risk volatility. You may look up her full name on the internet. She is popular. Therefore, locating her official website shouldn't be too difficult.
Thanks, I just Googled her and was quite impressed with her credentials; I got in touch with her because I need all the help I can get. I just set up a phone call.
In light of the impending recession and the fact that inflation is still far higher than the Fed's 2% target, several of the most prominent market analysts have been expressing their views on how terrible they believe the next downturn will be and how far stocks may have to fall. I need advice on what investments to make because I'm attempting to create a portfolio for my children that will at least be $850k in value.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
I've been talking to a coach named Mrs Marisol Cordova for a long now, mostly because I lack the knowledge and energy to deal with these ongoing market circumstances. I made more than $220K during this slump, demonstrating that there are more aspects of the market than the average individual is aware of. Having an investing counselor is now the best line of action, especially for those who are close to retiring.
Do you mind sharing info on the adviser who assisted you? been saving for pension since age 18 - company scheme. along the way I hit higher tax, so I added to my company pension with a SIPP (tax benefits) I'm 46 now and would love to grow my finance more aggressively,
quickly do a web check where you can connect with her, and do your research with her full names mentioned..
quickly do a web check where you can connect with her, and do your research with her full names mentioned..
I’m 41 - born and raised in Canada - and I can’t remember a time before (as politicians put it) “These tough economic times.”
I have a good job. I’ve practiced law for a decade. I don’t feel I can comfortably afford a home. Something is deeply, frighteningly wrong with our economy.
As a young professional engineer I have been financially evicted out of British Columbia, have to live in a dump in Alberta. I have lost all hope in affording a home in this stupid country.
@Peglegkickboxer which dump ? Lethbridge? 😂😂 I'm in a similar situation
It’s not only affording a home it’s everything else like just normal comforts, activities, and frivolities that enrich life (can anyone other than corporate entities afford a Leafs game anymore?!!- I only go to games when I get gifted corporate vice seats!) are getting beyond everyone’s grasp… if educated professionals are struggling that should frighten everybody! I’m really sorry to hear this keep your head up. The fact that you’re even thinking about this puts you head and shoulders above the majority of sheep out there.
But you keep voting for Trudeau. Smh.
@@briankroger7879 I’ve never voted for the Liberal Party, but inflation isn’t that simple.
Canada has been in a recession in one way or another as long as I can remember, which is about 45 years. It is not a prosperous country. It's a place where you exist.
We’ll said
tbh if you ask me our federal spending policies arent efficient. quebec's aims for autonomy means we cant sign meaning federal programs to reduce taxpayer costs like healthcare contracts ( which are negotiated by provinces, raising bargaining power of companies).
Thats BS. Canada was doing just fine before Trudeau.
@@briankroger7879Arn't you in jail?
45 years? Really?? What is your opinion on the other 194 countries? When comparing apples to apples, or countries to countries, Canada ranks in the 10 top in many of the important metrics. It's actually 10th place for inflation at 4.0% behind 9th place America at 3.7%, the last time I checked. Well above, last place Zimbabwe and Venezuela at 250% and 210% inflation. But go ahead and keep crying of how bad it is here without realizing you're in a top 5% country compared to the other apples.
To paraphrase a great entertainer, "Canada is the best there is, the best there was, and the best there every will be!"
B.O.C is focus on numbers and compounding with the monetary policy of the current government to push for more spending that doesn't help the longterm prosperity of the country. We have a huge problem to fix.
As a Canadian if the only reset we get is everything collapsing then so be it. Id rather people eat and own a home, grow a garden and have a good paying job that makes you comfortable. Its a nightmare living in Canada, ive looked at every other country and housing there, idk if its cheaper to move to italy buy a villa learn italian and work and live in italy as opposed to buying a house in my country.
Thanks JT, you are such a legendary leader….
And so it begins...
Rate cuts are only going to increase inflation dramatically. Thanks for the gross incompetence these last 15 years BoC and governments of Canada. You created a bubble thats going to pop and create economic carnage.
It would be more damaging for it not to pop. At this point it's out of reach, me and my wife make 200k a year. Still some how poor 😂
@@andrewb5412 I hear you. I make between about 80 and 90k in Victoria, and "luckily" I'm in an affordable apartment because I've been here for years with minimal rent increase. Home ownership? Never gonna happen.
Let it collapse I say. Just what this country deserves.
@@andrewb5412You make 200k and you're broke because you're bad at managing money possibly or because you live in an expensive BC. There's no reason you should be complaining when making 6 figures in Canada unless you have 10 kids and live above your means.
The B.o.C will do whatever needs to be done. It didn't think of mortgage holders when it lowered interest rates to near 0% and it won't be thinking of mortgage holders if it has to continue to raise rates.
As a 60ish Canadian the last time a politician caused this much pain was also a Trudope and a bold-faced Canadian hater just like Mr Castro in Ottawa
Leave Castro alone, he stood up to Americans, whereas Canadian politicians are agressive towards their citizens but passive and submissive when dealing with Americans
"Technical"???? You are funny.
The canadian dollar is so low, I am trying to dump some but always too low compared to other major currencies , that's a sign the economy is on the brinks of collapse
Not necessarily. That makes or exports cheaper and allows us to more easily compete on the export market. If It is cheaper to build a car in Canada and sell it to the US then to make it in the US then our auto workers are more likely to get and keep their jobs as compared to their American counter parts.
@@JeremyMacDonald1973though Canada has cut manufacturing and only builds RE now
Entire economy based on RE debt
So if RE crashes the CAD drops and all food, retail, It, cars, etc that are 90% imported from other countries will get a lot more expensive
Then CAD drops more as they do QE to bailout banks and inflation jumps 30%
@@jmela1370 Which makes this a good opportunity to build manufacturing back up.
@@JeremyMacDonald1973 true but Canada needs the $ and clear plan to do it
Trudeau spend trillions on RE and climate change and spent billions more overseas to help other countries develop
Not much available when RE and financial system along with government collapses next year and over next few years
I hope I’m wrong but Trudeau spent the next generation’s future already
@@jmela1370
* The money for investing in manufacturing should come from the private sector. A low dollar is an investment opportunity and in capitalism the ones to take advantage of that should be private sector actors.
* The Federal government did not invest in real estate. In fact real estate is not even, under normal circumstances, a federal issue. All the laws around development are done provincially. This is a major reason why Quebec has a much more affordable real estate market then British Columbia or Ontario. They have different zoning rules and different incentives and dis incentives that have effected the development market. This might change because housing affordability has become such a hot topic. Presuming it does it will be interesting to see how the federal government tries to intervene in an area that is really under provincial purview.
* Canada has sent foreign aid to other countries to the tune of $6.9 Billion but that is a very small percentage of the budget and Canada is, as a percentage of our economy, one of the stingiest advanced developed countries in the world.
* Likewise Climate Change issues are currently costing about $10 Billion - this out of an expected federal government outlay of $497 Billion for fiscal year 2023.
A kleptocracy named Canada
I remember last time in 08 with harper running the show it was a blip to us while the Americans payed. Now with TURDRILL running the show we are f....d it matter who you vote for
USD-CAD ------ This pair is going to parity from this point on going back to 2011-2012-2013 Levels ----- Home prices will see a 30%-40% value cut coming soon.
Dear BNN uploader. This is not a podcast. Please learn how to sync video and audio. Many of your uploads are sloppy.
Life is always harder under a NDP/LIBERAL government.
no growth
Timberrrrrrrr...!
The next money printing cycle is going to be insane, probably twice as large as the last one
Quality of life is second to investors making more profits.
"A premature inversion of the yield curve"? Ok, this time in English.
I prefer a quick and hard recession, instead of politicians and central bankers meddling and prolonging the unavoidable.
One word: bitcoin
Next week will be a different story from these guys.
1:42
Rich r broke
the rich are fine. only got richer over the past 5 yrs.
the middle class and working poor are another story though.
The amount of people moving to Canada lately. There is no recession. Everyone seems to be living and spending just fine.
If you can't afford to live you are obviously living above your means and need to re-evaluate your budgets for all those extra things you don't really need but just have because you feel the need to impress your neighbors.