Canadian Finance and Investing Thread - Paying More is our National Pastime

The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > Canadian Finance and Investing Thread - Paying More is our National Pastime

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cowofwar: Jul 30, 2002; by Athanatos

Bucswabe posted:

I'm not sure if this is the right thread to ask in (and please tell me if it isn't).

I'm finding more and more, in my social circle, people asking about whether our economy can handle these ongoing COVID relief packages (in regards to overall debt, or hyperinflation).

I'd like to be able to counter with arguments about the money we spend subsidizing big business or providing tax relief for the wealthy and I'm wondering if anyone has a good source for that?

The economy is driven by consumers, without relief there are no consumers and without consumers there is no economy. That�s why even the US is bailing people out.

It�s a dumb hand wringing concern, what is the alternative? Bailing people out for a couple months is expensive and pauses the economy and likely will result in a recession, but not doing anything and hanging all the people out to dry would trigger a massive depression.

# ¿ Apr 23, 2020 02:19

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# ¿ May 15, 2024 17:59

cowofwar: Jul 30, 2002; by Athanatos

Good to maintain a Tangerine account in order to take advantage of their bonus interest periods every year.

# ¿ May 13, 2020 22:53

cowofwar: Jul 30, 2002; by Athanatos

20% is not a great return given the massive risk exposure of that portfolio.

# ¿ Jun 9, 2020 20:46

cowofwar: Jul 30, 2002; by Athanatos

I have a Tangerine mastercard (the ~better~ one) and had an issue with some merchant and Tangerine told me they straight up reject some merchants by default unless the cardholder calls in because they get so many fraudulent transactions.

# ¿ Aug 19, 2020 20:58

cowofwar: Jul 30, 2002; by Athanatos

Tangerine is offering a VISA debit upgrade to client cards. Don�t accept it. When a credit card incurs fraudulent transactions you have a lot of protection and aren�t out the money. If your client card/chequing account/savings account gets a fraudulent transaction then you�re hosed until the investigation concludes in your favour (it wont). Never use VISA debit. Only use your client card at bank based ABMs.

# ¿ Sep 17, 2020 20:49

cowofwar: Jul 30, 2002; by Athanatos

slidebite posted:

So....

Had a chat with someone over thanksgiving and found a relative of mine does their own self directed investing.. which I thought was cool as I had no idea anyone else in my family did.

Problem though, they are to the point of having health issues with stress over the presidential election and the market effects wants to cash out most of their equity based investments (mostly ETF from the sounds of it) until January.

Of course I mentioned long term, don't time the market, etc, but it's something they seem pretty set on doing.

Is there an ETF that is relatively "safe" to dump non-insignificant sums of money (probably mid 6-figures?) into for the short/medium term?

They could easily sell and keep as cash in the acct and sit on it of course, which is what I think the plan is, but buying *something* might be worthwhile.

They need to talk to an advisor because their portfolio doesn�t match their risk profile. Don�t be their advisor.

# ¿ Oct 15, 2020 01:00

cowofwar: Jul 30, 2002; by Athanatos

Jenkl posted:

Why do they need to pay 2% to take a short quiz that tells them they should be conservative-moderate not balanced-growth?

They've honestly proved that they are not capable of assessing their own risk tolerance and portfolio; consequently, self-management is not for them. Yes they will lose 2% or whatever which is better than knee-jerk withdrawals that could lost them 20%.

# ¿ Oct 15, 2020 02:25

cowofwar: Jul 30, 2002; by Athanatos

I assume this would be $25B for an expansion of the same crap and not high speed or electrified lines.

# ¿ Oct 22, 2020 19:59

cowofwar: Jul 30, 2002; by Athanatos

I am running VAB for bonds exposure, what�s a good equivalent for non-canadian more diverse bonds?

# ¿ Nov 8, 2020 06:29

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# ¿ May 15, 2024 17:59

cowofwar: Jul 30, 2002; by Athanatos

Charge suckers fees to take their money and loan it to others with interest :capitalism:

# ¿ Nov 25, 2020 02:32

The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > Canadian Finance and Investing Thread - Paying More is our National Pastime

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