Depression coming?
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I had some bank mutuals come due in the summer. the 3 year return on these at the time was not much better than the GIC rate would have been and we had been exposed to much higher risk. Much to the bank advisors displeasure we pulled out of the market funds and invested all into a GIC. I look like a financial wizard now. my wife and I have felt for a long time that things were getting all fucked up in the economy. We have good incomes and are good savers but were unable to save money as quick as the real estate prices were inflating. This didn't make any sense. LOOK OUT FOR RISING INTEREST RATES. I have money and no debt and even though the bank rates may be low watch out. In these times I will want a great deal of security on a loan or a much higher rate of interest to assume risk. I have money most do not. REMEMBER THE GOLDEN RULE. they that have the gold make the rules. I remember throwing a party when my mortgage was renewed at 10% a number of years ago. This was a great savings for me. People with a high mortgage at a 4% to 5% rate will be looking at a 20 to 25% rise in their payments if interest rises by 1%. These have been historic low interest rates and have only been so due to policies of the central banks. In tight money situations people like myself are going to be demanding a much higher return on my money that I have had for some time. My advice is to dump debt as quick as possible. In 6 months today may look like it was still the best of times.
Perchance so, but whether we will have the disposable income to afford SPs is another question entirely.Lisa of Toronto said:
nottyboi said:
Harper and the conservatives are in danger of becoming a 'bloc alberta' on economic issues.
We need a bloc ontario.
Some major industries and companies are already in a depression.
Overall I don't see a worldwide depression but a severe recession looks highly likely.
Perhaps Chicken Little knew what he was talking about.
Overall I don't see a worldwide depression but a severe recession looks highly likely.
Perhaps Chicken Little knew what he was talking about.
WhOiSyOuRdAdDy? said:
The trailer fees from the mutual funds are what most of these so-called experts make the majority of there revenue from.
Most of these guys are really salesmen first, investment experts (cough) second. There are some good ones, but they are in the minority
Ask them about the fees associated with mutual funds.
The first thing out of their mouth is "we do not charge commissions"
That does not answer the question
Every year (quarter??) a Management Expense Ratio is deducted from your MF assets. The majority of this MER goes to pay the advisor who sold the mutual fund & he is paid every year you hold the fund. In the long run, way more expensive than the one time buy and then sell commissions on a stock or ETF
Its the biggest racket wall street ever invented
Compromised said:
I agree about not throwing money at the auto-sector. The $80 million to Ford was a waste. As far as spending money like a drunken sailor your little man Dion's election promises, excluding the carbon tax in's and out's , outstrip every other party's promises by about 2 or 3 to 1. Perhaps you should keep up to date with what he wants to spend if elected.
And you have the nerve to question other people's critical reasoning skills
It's Harper's job at the moment to try to calm the waters, panic just exacerbates the problem. The first step in a slolution is keeping or restoring confidence. Right now Congress is fucking that up.There were a huge number of regulations brought in in both the US and Canada after Enron. There were very extensive and expensive for all concerned. They have obviously had a wonderful impact haven't they ?
I didn't say there was no place for Government regulations you idiot I questioned how you could be so disdain of politicians on one hand and yet wish to increase their control on the other. Not a difficult for most to comprehend - although you seem to be having trouble with it.
an interview with the world's greatest real estate investor on a percentage return basis and his view of the next 10 years:
http://www.colonyinc.com/cnbcinterview092208.php
don't look very good for north america.
http://www.colonyinc.com/cnbcinterview092208.php
don't look very good for north america.
JohnLarue said:
You are so right JohnLarue. At one point Mutual Funds were the way to get diversification for small investors. With the number of ETFs out there now, they are non longer needed for this purpose.
I think they only exist today because they've been around for a while and people are familiar with them and that less sophisticated small investors think of ETFs appearing like stocks as far as risk profiles are concerned.
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