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Email this4:27 pm
January 11, 2020
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So I guess our standard of living hasn’t risen.. good job mom
7:10 pm
December 12, 2021
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$1,000 investment in Microsoft on March 13, 1986 IPO has now turned into $3,683,965.
Don't forget Enron and Nortel Enron employed approximately 29,000 with a with claimed revenues of nearly $101 billion during 2000.
Nortel was founded in Montreal, Quebec, in 1895 and At its height, Nortel accounted for more than a third of the total valuation of all companies listed on the Toronto Stock Exchange (TSX), employing 94,500 people worldwide.
the rest is history
Buffett: It’s insane to risk what you have for something you don’t need
8:07 am
March 30, 2017
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agit said
$1,000 investment in Microsoft on March 13, 1986 IPO has now turned into $3,683,965.Don't forget Enron and Nortel Enron employed approximately 29,000 with a with claimed revenues of nearly $101 billion during 2000.
Nortel was founded in Montreal, Quebec, in 1895 and At its height, Nortel accounted for more than a third of the total valuation of all companies listed on the Toronto Stock Exchange (TSX), employing 94,500 people worldwide.
the rest is history
Buffett: It’s insane to risk what you have for something you don’t need
and I have $1000 which is my net worth as a teenager. If only I am that smart and put it all into MSFT...
6:12 am
January 3, 2009
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Dean said
.
MehI'll get excited when 4 & 5Yr GICs are in the 5+% area.
I don't think we'll have to wait too long ... maybe by the end of summer ❓
Dean
I guess you're officially excited now with Oaken raising 5yr to 5%.
8:37 am
January 12, 2019
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Dean said
.
MehI'll get excited when 4 & 5Yr GICs are in the 5% area.
I don't think we'll have to wait too long ... maybe by the end of summer ❓
Dean
Welll, it seems I was off by ~ 2 months ⬇
Better now, than later. 
- Dean
" Live Long, Healthy ... And Prosper! "
7:21 am
March 18, 2021
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COIN said
One can protect one's purchasing power by buying stocks and/or real estate, although there is a short term downside risk.
(I'm assuming that folks who have $1mm in cash have already paid off their house.)
The bias is to the downside during quantitative tightening and the U.S. stock market is still one of the most overvalued in all history. At the peak it was the most overvalued of all time including 1873 and 1929. All you're betting in the stock market is the crooked bankers will keep the fraud U.S. stock market alive. They could also unload amass plunging the indexes 80+ percent for decade to come if they funnel all that money elsewhere.
8:53 am
September 7, 2018
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TommyT said
All you're betting in the stock market is the crooked bankers will keep the fraud U.S. stock market alive. They could also unload amass plunging the indexes 80+ percent for decade to come if they funnel all that money elsewhere.
"Crooked bankers" hmmm.
And where would you suggest all the money that is in the "overpriced" stock market would be "funnelled"? Bitcoin? Gold? Silver? Real estate? Antiques? Fine art? etc.
9:03 am
September 11, 2013
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Stock values are irrelevant to some, it's about the dividend income. Don't know if it's true but I read somewhere RBC maintained a dividend of at least 8% during the 1930s, a very tolerable amount less than the 12 - 14% during the Roaring 20's.
10:06 am
March 15, 2019
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Bill said
Stock values are irrelevant to some, it's about the dividend income. Don't know if it's true but I read somewhere RBC maintained a dividend of at least 8% during the 1930s, a very tolerable amount less than the 12 - 14% during the Roaring 20's.
I assume anyone who purchased RBC shares in the 1930's is probably currently receiving an annual dividend in excess of his/her one time cost of those shares.
Buy RBC shares (or any of the "Big 5-6"), your heirs will thank you.
2:28 pm
November 8, 2018
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canadian.100 said
And where would you suggest all the money that is in the "overpriced" stock market would be "funneled"?
I have good news and bad news for you, and it is the same news: there is not as much money in stock market as some people might think there is.
Example: I just checked TSLA price, was 752 USD per share on Friday. With market cap of $779B that means there are about 1 billion Tesla shares outstanding.
Tell me, do you truly believe each TSLA share sold will yield $752 if people start offloading them massively? First few, perhaps, but then?
This is just one company. The only good to come from all that is people will learn, though their own wallets, the difference between unrealized and realized capital gains.
So, worry not: if (when) massive exodus from stock market happens, most people who are investors, and I use that word loosely, will not be looking for ways to park their riches. They'll be using what money they managed to retrieve from stock market to pay bills pending and stay afloat for next few months.
2:52 pm
April 6, 2013
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Bill said
Stock values are irrelevant to some, it's about the dividend income. Don't know if it's true but I read somewhere RBC maintained a dividend of at least 8% during the 1930s, a very tolerable amount less than the 12 - 14% during the Roaring 20's.
That's likely from page 250 in chapter 7 of Quick to the Frontier:
The Royal Bank of 1939 showed the ravages of the Depression. It had shed over two hundred branches and seen its staff decline from 8,784 to 7,016. … Similarly, profits slid from their 1929 high of $ 7.1 million and languished between $3 and $4 million through the decade. An 8 per cent dividend was maintained - reasonable, but lower than the 12-per-cent-plus-2-per-cent bonus that prevailed in the "roaring twenties." …
$3 million to $4 million profits per year back then. Last year, Royal Bank earned around $16 billion!
4:16 pm
April 14, 2021
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Alexandre said
canadian.100 said
And where would you suggest all the money that is in the "overpriced" stock market would be "funneled"?
I have good news and bad news for you, and it is the same news: there is not as much money in stock market as some people might think there is.
Example: I just checked TSLA price, was 752 USD per share on Friday. With market cap of $779B that means there are about 1 billion Tesla shares outstanding.
Tell me, do you truly believe each TSLA share sold will yield $752 if people start offloading them massively? First few, perhaps, but then?
Jeremy Irons as John Tuld - Margin Call (2011)
https://www.imdb.com/title/tt1615147/characters/nm0000460
Sam Rogers : You are panicking.
John Tuld : If you're first out the door, that's not called panicking.
4:37 pm
March 15, 2019
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Question 1: How many people got rich buying GIC's?
Question 2: How many people got rich buying stocks and/or real estate?
I think GIC's have a place in a well balanced investment portfolio, but so do stocks. It is not an either/or scenario.
6:06 am
November 18, 2017
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COIN: To paraphrase you, I assume anyone who purchased RBC shares in the 1930's is probably currently receiving care in a seniors' residence or with private caregivers.
RetirEd
RetirEd
7:50 am
March 15, 2019
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RetirEd said
COIN: To paraphrase you, I assume anyone who purchased RBC shares in the 1930's is probably currently receiving care in a seniors' residence or with private caregivers.
RetirEd
LOL! In those cases the dividends from RBC will help fund the cost of care.
8:55 am
April 18, 2022
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COIN said
Question 2: How many people got rich buying stocks ?
I don't know any except the insiders reported in the news. Don't forget the millions who lost.
9:00 am
February 7, 2019
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RetirEd said
COIN: To paraphrase you, I assume anyone who purchased RBC shares in the 1930's is probably currently receiving care in a seniors' residence or with private caregivers.
RetirEd
Those who purchased RBC (or any) shares in the 30's were at least in their 20's and be well over 100 years old by now. So maybe 1 or 2 of them. The likely senario is that their grand kids are trying to figure out why they still getting care and arguing over the wills ...
| CGO |
9:10 am
March 15, 2019
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Or, put the assets in a trust?
"What is the Pierre Trudeau estate trust?
The Pierre Trudeau estate trust was a testamentary trust used to manage assets of the former prime minister's estate, according to Le Journal de Montreal. It said this vehicle was used to manage several assets that Trudeau Sr. passed on to his sons after he died in 2000."
12:31 pm
September 11, 2013
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PM Harper got rid of the tax advantages of testamentary trusts, those trusts they now pay tax at the highest rate. Distributions to children, grandchildren, etc are taxed at their marginal rates, as before.
12:53 pm
March 15, 2019
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Bill said
PM Harper got rid of the tax advantages of testamentary trusts, those trusts they now pay tax at the highest rate.
Thanks for the update. Were the pre-existing trusts grandfathered (no pun intended)?
Also, is it still possible to do estate freezes? I worked on a few when I was a much younger professional.
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