BRIAN5000 wrote:Associate with those better than you
Yabbut if we all tried to implement that...
I find that the richer people that I associate with got there through their choice of business (and their superior business acumen) and display mediocre investment practices. In fact, without this forum, I would be lost.
I wonder how my experience compares to other members here?
What's "rich"?. I'm certainly not the sharpest knife in this drawer but have followed this forum on an almost daily basis for a lot of years and gleaned some excellent advice here along the way which has placed me (us) in a "nice to have" situation when we pay our quarterly Federal 'pound of flesh' (clawback). Sort of a 'don't leave home without it' and wouid probably be amongst the 'getter's' rather than the "givers" without this forum and it's predecessor. Thanks guys n' gals.
SBS Dateline (Aussie TV show) recently aired an episode covering foreign money in the Vancouver real estate market:
However, I think it failed to answer an interesting question. Unlike Canada, Australia is actively trying to control/regulate foreign money coming into their real estate market. It does not seem to be working though:
gobsmack wrote:Unlike Canada, Australia is actively trying to control/regulate foreign money coming into their real estate market.
Australia directs foreign RE investment into new development or redevelopment, but sets no limits on the amount of it. Ostensibly this is supposed to increase supply, but Australia's RE prices are much higher on average than Canada's.
patriot1 wrote:
Australia directs foreign RE investment into new development or redevelopment, but sets no limits on the amount of it.
Yes, this doesn't seem to be a good way to stop Foreign Investment. Seems to me that the new owners don't like used things and tear down 10-15 year young homes regularly.
squid wrote:new owners don't like used things and tear down 10-15 year young homes regularly.
So how do you get the 10+ year old home to tear down if you are not allowed to buy it in the first place?
" A verbal contract isn't worth the paper it is written on " Samuel Goldwyn
"The light at the end of the tunnel may be a freight train coming your way" Metallica - No Leaf Clover
In his latest episode of Last Week Tonight, host John Oliver waded through all the confusing, infuriating intricacies of the financial advisor industry in the U.S. While firms like to paint their advisors as cuddly caretakers of your riches.
This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed
In his latest episode of Last Week Tonight, host John Oliver waded through all the confusing, infuriating intricacies of the financial advisor industry in the U.S. While firms like to paint their advisors as cuddly caretakers of your riches.
I posted that in the humour thread as I didn't know where it should go. It is good.
Mostly a general synopsis of its' history and structure but some of the statistics about its current inflows and clout were very interesting:
"One dollar in every five invested in mutual or exchange-traded funds (ETFs) in America now goes to Vanguard, as does one in every two invested in passive, index-tracking funds, according to Morningstar, a data provider."
Banks are not your friend (to paraphrase the inestimable ghariton). Tom Bradley, CEO OF Steadyhand mutual funds tears a strip off our national institutions for squeezing us so hard.
I mean... I felt a slight amount of sympathy that this person was new to Canada, but... who in their right mind thinks that the tax authority of a country is going to take payment in iTunes gift cards through Snapchat!?!?!
Stupid, stupid, stupid... can't get dumber than this.
I mean... I felt a slight amount of sympathy that this person was new to Canada, but... who in their right mind thinks that the tax authority of a country is going to take payment in iTunes gift cards through Snapchat!?!?!
Stupid, stupid, stupid... can't get dumber than this.
I dunno, how about calling people stupid who haven't had a chance to learn. I realize we're all better than those other people, but I draw the line at calling them names because I've lived a life of privilege.
I mean... I felt a slight amount of sympathy that this person was new to Canada, but... who in their right mind thinks that the tax authority of a country is going to take payment in iTunes gift cards through Snapchat!?!?!
Stupid, stupid, stupid... can't get dumber than this.
I dunno, how about calling people stupid who haven't had a chance to learn. I realize we're all better than those other people, but I draw the line at calling them names because I've lived a life of privilege.
newguy
I hear what you're saying, however, I just can't fathom how someone could honestly believe that the tax agency of a national government would demand tax payments in Apple gift cards through Snapchat.
The Bank of Canada cut its growth forecast for 2016 but held rates steady on Wednesday, saying exports continued to disappoint and acknowledging it may have underestimated structural challenges facing businesses.
In explaining its decision to leave interest rates unchanged even as it cut its expectations for Canadian and global growth, the central bank reiterated warnings about possible speculation in the housing markets in Toronto and Vancouver.
I read that after Norm tweeted it, and it seems ridiculously conservative to me. OK, if you retire at 40 then you get a 2% withdrawal rate, that seems reasonable enough. But for a 70-year old to have a 3.5% withdrawal rate is just crazy conservative. An 80-year old gets a 4% withdrawal rate?
To tell the truth, I much prefer our Finiki's Variable Percentage Withdrawal (VPW). It is almost as simple as age divided by 20, but way more reasonable.
Variable Percentage Withdrawal (finiki.org/wiki/VPW) | One-Fund Portfolio (VBAL in all accounts)
longinvest wrote:To tell the truth, I much prefer our Finiki's Variable Percentage Withdrawal (VPW). It is almost as simple as age divided by 20, but way more reasonable.
I think most people here are capable of understanding more complicated - and likely more accurate - methods.
Btw, I got the article from Moshe A. Milevsky's twitter. So, follow both @RetirementQuant and @NormanRothery and pay attention to Prof Milevsky's objections.
Last edited by NormR on 13 Aug 2016 13:24, edited 1 time in total.