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Baronjutter posted:Are developers just desperately trying to build as much as they can and cash out before a crash or do they think they can build their way out? My sense is that they're not building out of any rational consideration for future market conditions. At this point they're more likely to be driven by a desire to create value for the shareholder or some other Friedman bullshit.
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Sep 8, 2014 21:05
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Cultural Imperial posted:My sense is that they're not building out of any rational consideration for future market conditions. At this point they're more likely to be driven by a desire to create value for the shareholder or some other Friedman bullshit. Also they are developers, what else are they going to do? It isn't like they can pivot their investments somewhere else. I imagine they will keep building until pre-sales stop, since they won't get financing for the project.
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Sep 8, 2014 21:32
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old news removed
melon cat fucked around with this message at 02:22 on Feb 5, 2024 |
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Sep 8, 2014 22:12
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Hey guys, Canada's banking industry is a paragon of integrity and prudent risk management. http://www.baskinfinancial.com/main/bank-on-canadian-banks/
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Sep 8, 2014 22:45
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Cultural Imperial posted:Hey guys, Canada's banking industry is a paragon of integrity and prudent risk management. That financial analysis is a good example of why I went self-directed on all my investments.
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Sep 8, 2014 22:49
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ocrumsprug posted:That financial analysis is a good example of why I went self-directed on all my investments. U.S. dollar denominated equity indexes being one of the eSeries funds = ticket to passive riches. You can get exposure to a real economy AND get exposure to the Canadian dollar's inevitable grind downwards! Edit: Specifically TDB952 and TDB953.
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Sep 8, 2014 22:52
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God drat I wish I was smart enough to figure out self-directed investment. My stupid investments run by a dude who takes a huge percent have been doing pretty ok though. Last time we talked I told him I'd like to minimize my exposure to Canadian banks and dollar and he told me a banking/housing crash in canada wouldn't be bad and might even send stocks up but at least told me I'm only holding about 30% Canadian investments.
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Sep 8, 2014 22:59
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Franks Happy Place posted:U.S. dollar denominated equity indexes being one of the eSeries funds = ticket to passive riches. You can get exposure to a real economy AND get exposure to the Canadian dollar's inevitable grind downwards! I went with US$ sector index funds so I could pretend to be a trader and occasionally need to rebalance, but similar idea. ETFs are a miracle product. Canadian banks are still going gangbusters though, but it is the only sector worth investing (may not be worth investing in now) in, in the Canadian market.
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Sep 8, 2014 23:02
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ocrumsprug posted:I went with US$ sector index funds so I could pretend to be a trader and occasionally need to rebalance, but similar idea. ETFs are a miracle product. I have zero interest in playing chicken with Canada's housing bubble. U.S. equities are plenty successful enough, thank you.
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Sep 8, 2014 23:05
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Franks Happy Place posted:I have zero interest in playing chicken with Canada's housing bubble. U.S. equities are plenty successful enough, thank you. Yeah that bit about the Canadian banks should read more: Canadian banks are still doing great,  At least Canada has one industry right?  and less: Canadian banks are a great investment. 
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Sep 8, 2014 23:12
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Franks Happy Place posted:U.S. dollar denominated equity indexes being one of the eSeries funds = ticket to passive riches. You can get exposure to a real economy AND get exposure to the Canadian dollar's inevitable grind downwards! Besides looking at TD's info online, where can I find out more about this (in the Canadian finance thread?)
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Sep 8, 2014 23:31
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JawKnee posted:Besides looking at TD's info online, where can I find out more about this (in the Canadian finance thread?) Yeah, the Canadian finance thread.
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Sep 8, 2014 23:33
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Oh shiiiiiit https://twitter.com/BenRabidoux/status/509119707346378752 Cmhc gonna force banks to pay deductibles on mortgage insurance
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Sep 9, 2014 00:43
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Hahahaha this country's gonna fuckin burn.
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Sep 9, 2014 01:08
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Guess I'll rebalancing away from Canadian equity this year...
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Sep 9, 2014 01:48
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Cultural Imperial posted:Hey guys, Canada's banking industry is a paragon of integrity and prudent risk management. Canadians are financially responsible which is why their debt to income ratio has ballooned over the last decade, even exceeding the worst of the US bubble.
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Sep 9, 2014 02:03
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etalian posted:Canadians are financially responsible which is why their debt to income ratio has ballooned over the last decade, even exceeding the worst of the US bubble. That's right bruh. Also, did you know canadians have been paying down their debt faster in recent months? You know, to reduce that 1.64 to 1 ratio. 
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Sep 9, 2014 02:13
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Cultural Imperial posted:Oh shiiiiiit "Could" When a sizable percentage of your economy is new builds this will probably get killed to let our strong stable economy flourish for just a couple of months longer.
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Sep 9, 2014 02:14
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Cultural Imperial posted:That's right bruh. Also, did you know canadians have been paying down their debt faster in recent months? You know, to reduce that 1.64 to 1 ratio. Yup, It's around 1.63 now http://www.bnn.ca/News/2014/6/19/Household-debt-to-income-ratio-falls-on-slow-mortgage-borrowing-.aspx
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Sep 9, 2014 02:26
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Franks Happy Place posted:U.S. dollar denominated equity indexes being one of the eSeries funds = ticket to passive riches. You can get exposure to a real economy AND get exposure to the Canadian dollar's inevitable grind downwards! Hi, just so you're aware, TDB952 is the same as TDB902 in that you're exposed to CAD-USD currency fluctuations (meaning if USD rises, your investment will go up in relative value) There is no reason to buy the US$ version (952) over 951 unless you already had US dollars. Otherwise, you just wasted a bunch of money converting for no reason. Same with 953, but the Dow Jones is not an ideal index investment when you can invest in a more broad market index (TDB951.) For those confused, the 4 e-series to hold are (from http://www.tdcanadatrust.com/products-services/investing/mutual-funds/td-eseries-funds.jsp?tab=what-does-td-offer). Canadian bond index - e (TDB909), Canadian index - e (TDB900), TD international index - e (TDB911), and TD US index - e (TDB902). The others are pretty much junk offerings if you're trying to passive, broad market index invest. Sorry for the derail, I just don't want people to be misinformed. E- wrote the wrong code for US index e rhazes fucked around with this message at 02:57 on Sep 9, 2014 |
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Sep 9, 2014 02:40
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rhazes posted:Hi, just so you're aware, TDB952 is the same as TDB951 in that you're exposed to CAD-USD currency fluctuations (meaning if USD rises, your investment will go up in relative value) There is no reason to buy the US$ version (952) over 951 unless you already had US dollars. Otherwise, you just wasted a bunch of money converting for no reason. Same with 953, but the Dow Jones is not an ideal index investment when you can invest in a more broad market index (TDB951.) Probably the most useful post in this thread.
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Sep 9, 2014 02:48
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Baronjutter posted:God drat I wish I was smart enough to figure out self-directed investment. My stupid investments run by a dude who takes a huge percent have been doing pretty ok though. Last time we talked I told him I'd like to minimize my exposure to Canadian banks and dollar and he told me a banking/housing crash in canada wouldn't be bad and might even send stocks up but at least told me I'm only holding about 30% Canadian investments. Managerial fees in this country are loving criminal.
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Sep 9, 2014 02:48
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rhazes posted:Hi, just so you're aware, TDB952 is the same as TDB951 in that you're exposed to CAD-USD currency fluctuations (meaning if USD rises, your investment will go up in relative value) There is no reason to buy the US$ version (952) over 951 unless you already had US dollars. Otherwise, you just wasted a bunch of money converting for no reason. Same with 953, but the Dow Jones is not an ideal index investment when you can invest in a more broad market index (TDB951.) I assume you are referring to 902, which is the Canadian dollar denominated version of TDB952, but... yeah. Plus, why are you talking about "currency fluctuations" when the entire point of that investment is to get assets in a non Canadian dollar denominated investment? You are taking the central feature of that product and making it sound like a problem. Also, advising people to pick up a Canadian index in the context of a conversation where people are asking how to diversify out of Canadian indexes is also Not Helpful. Also, this isn't the thread for this conversation, and my post in this thread wasn't investing advice because this isn't the investing advice thread.
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Sep 9, 2014 02:53
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Franks Happy Place posted:I assume you are referring to 902, which is the Canadian dollar denominated version of TDB952, but... yeah. Plus, why are you talking about "currency fluctuations" when the entire point of that investment is to get assets in a non Canadian dollar denominated investment? You are taking the central feature of that product and making it sound like a problem. Whoops, I meant 902. Diversify implies still possessing it to some, but a more-limited extent. I'll be honest, I was worried your post would convince someone that the key to avoiding the Canadian market was simply converting your money to US dollars and buying investments with USD, which could be an expensive misstep and that is the only reason I am posting this here.
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Sep 9, 2014 03:01
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Baronjutter posted:God drat I wish I was smart enough to figure out self-directed investment. My stupid investments run by a dude who takes a huge percent have been doing pretty ok though. Last time we talked I told him I'd like to minimize my exposure to Canadian banks and dollar and he told me a banking/housing crash in canada wouldn't be bad and might even send stocks up but at least told me I'm only holding about 30% Canadian investments. Index investing is your friend and takes most of the guesswork out of stock picking.
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Sep 9, 2014 03:06
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ocrumsprug posted:Yeah that bit about the Canadian banks should read more: 5 industries. Banking, mining, housing, forestry, and commtel / tech. Other than that we're pretty poo poo though.
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Sep 9, 2014 03:16
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Kalenn Istarion posted:5 industries. And each of those industries is incredibly, incredibly crippled (if not knocking on deaths door) in their own special ways.  Banking & Housing just haven't driven off the cliff like the other three yet.
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Sep 9, 2014 03:19
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Kalenn Istarion posted:5 industries. I wouldn't really call banking an "industry".
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Sep 9, 2014 03:36
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I wouldn't call Canadian commtel/tech an industry, either. Just say Blackberry. 
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Sep 9, 2014 03:56
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Nortel.
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Sep 9, 2014 04:42
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HOOTSUITE LOL
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Sep 9, 2014 05:01
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Cultural Imperial posted:HOOTSUITE LOL Got it.
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Sep 9, 2014 05:08
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Cultural Imperial posted:HOOTSUITE LOL Jives. Canadian Economy is built on non-payment of workers these days, after all. 
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Sep 9, 2014 05:50
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Cultural Imperial posted:HOOTSUITE LOL Within a 50 meter radius of where I am right now, there are at least 5 (probably more) companies with a valuation/market cap of 2-40x that of the crown jewel of the SILICON VALLEY NORTH startup scene. I was back in Vancouver the other week and talking with a friend and she was telling me about all of the amazing perks that Hootsuite employees get (she doesn't work there but had been to the office). I didn't have the heart to tell her what the offices at places like AirBnB were like. 
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Sep 9, 2014 07:06
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blah_blah posted:Within a 50 meter radius of where I am right now, there are at least 5 (probably more) companies with a valuation/market cap of 2-40x that of the crown jewel of the SILICON VALLEY NORTH startup scene. I was back in Vancouver the other week and talking with a friend and she was telling me about all of the amazing perks that Hootsuite employees get (she doesn't work there but had been to the office). I didn't have the heart to tell her what the offices at places like AirBnB were like. A family member is an employee there and regales me with stories about their fabulous Christmas parties. Ryan fuckhead Holmes rents out all of a resort in Harrison hot springs! What a great guy right! Spends a shitload of money on a Xmas party and pays his employees dirt. This particular family member thinks he's hot poo poo.
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Sep 9, 2014 15:00
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blah_blah posted:Within a 50 meter radius of where I am right now, there are at least 5 (probably more) companies with a valuation/market cap of 2-40x that of the crown jewel of the SILICON VALLEY NORTH startup scene. I was back in Vancouver the other week and talking with a friend and she was telling me about all of the amazing perks that Hootsuite employees get (she doesn't work there but had been to the office). I didn't have the heart to tell her what the offices at places like AirBnB were like. hahaha I work at a university and I make more than that
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Sep 10, 2014 05:56
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What kind of executive earns just 33k?? That's like what an assistant manager at McDonald's makes.
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Sep 10, 2014 06:02
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Ben rabidoux's Twitter is a buzz about tanking Winnipeg, Saskatoon, Ottawa. Maritimes housing markets. https://twitter.com/BenRabidoux/status/509690983773405185 Read the whole series for the schadenfreude.
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Sep 10, 2014 16:15
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For places like the prairies and the east coast, it is certainly true that real estate market isn't the pinnacle of health but prices there haven't spiked as bad as they have in other markets and that means buying isn't a bad choice. It could actually be a good one. For instance, in Moncton you can get a 1542 sq ft house for less than $70,000. On a 25 year mortgage at a really terrible rate, that's still less than $400 a month. From a quick check on kijiji, the cheapest rent for a two bedroom place I found was $550, most were over $700 a month.
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Sep 10, 2014 16:55
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Antifreeze Head posted:For places like the prairies and the east coast, it is certainly true that real estate market isn't the pinnacle of health but prices there haven't spiked as bad as they have in other markets and that means buying isn't a bad choice. It could actually be a good one. Don't forget the $100 a month in property taxes, plus whatever utilities, services and maintenance in Moncton will run you. There is also the troubling aspect that you are suggesting anyone would choose to live in Moncton (or New Brunswick for that matter.)
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Sep 10, 2014 17:06
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