Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown

It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.

this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Melissa Terri Swayne for the last five years or so, and her returns have been pretty much amazing.

Appreciate this recommendation, hopefully I can get some insight to where the market is headed and strategies to beat the downtrend with when I hear back from Melissa.

Could it be because Canadian economy is going down the drain and doesn’t produce nice return anymore ?

@@red149 precisely

I feel Canadians keep projecting comments like this out of spike because of issues with standard of living and declining competitiveness yet the TSX has consistently done better than much of the world. Canadas equity market is predominantly ologopolies in financial and telecom sectors with fat margins due to limited competition and then the energy and resource sector Our competitiveness and standard of living issues have little to no correlation with our stock market For the record i dont support the idea of forcing funds to invest more here tho

I disagree. By forcing pensions to invest more in Canada, we can raise GDP which raises tax revenue. You should keep in mind that your pension is only one part of what supports you in retirement. Tax revenues cover healthcare and many other things. But I will say that I don’t trust the Trudeau liberals to implement such a change without creating all kinds of unnecessary red tape.

@@aawshaw throwing money on something dysfunctional doesn’t fix it! Government is a very good example . If Canadian economy was indeed profitable , people would invest from everywhere in the world. Red tapes , high taxes and too much regulation is the problem not imvestement

@@red149 Excessive regulation and red tape is indeed a serious problem in Canada, and it has gotten worse under Trudeau. But you should consider that when Canada competes for foreign investment, we are competing with many countries that have very poor environmental standards and little to no social safety net. Our tax rates would be much lower if we abolished the welfare state, and businesses could be much more profitable if there were no environmental standards to uphold. The fact that a Canadian pension fund may get a higher return from investing in a country like India does not necessarily mean that we should try to emulate what they do to their natural environment, and it does not mean that we should reduce our healthcare and welfare support to their level. Canadian pensioners benefit immensely from the welfare state, including healthcare, as well as old age security. Another point I would make is if Canadian pension funds had a greater stake in the profitability of Canadian businesses, I think that would improve the social license for corporate profits. We might hear less nonsense from the populist left (esp. NDP) about the evils of corporate profits if the benefits of those profits were more widely shared. That could lead to more business friendly policy making.

@@aawshaw I have a fundamental problem with socialism like public pension plan , universal health care and welfare . Big government always results in destruction of a fair and free market . The real prosperity comes with real free market and not with more and more controlling people’s money . Pension plan is the classical definition of a Ponzi scheme. And we cannot compete with other countries because other countries work harder and expect less . We used to be the productive ones but more and more the economy simply becomes how much money the government distributes

@@red149 I’m obviously more concerned about inequality than you are. But that’s fine, reasonable people can disagree. I would argue the real Ponzi scheme is the real estate market in Canada, which allows homeowners to walk away with millions of dollars in capital gains totally tax-free, while work and business investment continues to be taxed more. Why invest in a business if you can make more money simply owning a house? If the government had any courage and really was concerned about millennials and generation Z, they would eliminate the capital gains exemption on primary residences, rather than hiking the capital gains inclusion on business investment. The extra revenue could be used to cut income taxes. And I would also caution against the myth of an idyllic past that never really was.

Actually, the app you are probably referring to was the ArriveCan app developed by CG Industries. They charged the Liberals $19 million for that app. There was another IT company in Canada that recreated that app over a weekend and said the maximum price for it should have been $1 million. So yes we have companies that can develop apps at a reasonable cost. The Liberals procurement people just don't know who to contact and contract out to.

Hello how do you make such monthly ?? I'm a born Christian and sometimes I feel so down of myself because of low finance but I still believe in God.

Thanks to Andrea Sheryl Fox.

She's a licensed broker here in the states

YES! That's exactly her name (Andrea Sheryl Fox) I watched her interview on CNN News and so many people recommended highly about her and her trading skills.❤️

I googled about her and yes, she's won my heart. She just gained herself a new client

Actually, the resource sectors look good. We are probably heading into a commodity boom. The problem in Canada is the time it takes to get anything done. To fully permit a mine in Canada takes 10-12 years? Should be streamlined to 1-2 years. Fossil fuels are in demand. Many Canadian oil companies are sitting on 20-year reserves. Costs of production in CDN$ selling product in US$. Canada is now the 4th largest world oil exporting country. Canada has the 3rd largest oil reserves in the world. We should be starting a second pipeline to BC tidewater now as things take so long to get done in Canada. No, we do not want the federal govt to do it! We want private investors to do it. Encourage more oil exploration off the coast of Nfld & Lab. Develop LNG in Quebec and New Brunswick. Manufacturing is coming back to Ontario under the Ford Conservatives. Manufacturers could not get out of Ontario fast enough under the McGindy /Wynne Liberals. You just need a government in Canada that cuts red tape /bureaucracy in getting things done in Canada. Have a sieze the day attitude.

Trash people chose it. I live in one of Canada's most Marxist neighbourhoods. These people are disgusting. Not one in five of them does anything productive but they're mostly rich.

Poor people who oppose corruption can't speak on the Internet and get put into solitary confinement which is torture while rich crooks live free. It's say those severe inequalities are here.

Actually, you are seeing a resurgence of manufacturers locating /investing in Ontario under the Ford Conservative govt. During the McGuinty/Wynne Liberal governments manufacturers were fleeing Ontario.

Just look at what the Liberals did to the trucker convoy and their bank accounts, and the bank accounts of people that supported the convoy. Would anybody willing put their investments under such a precarious situation, when they had other safer investment options?

Money advice varies, but planning is key. Exposed to personal finance early, I started working at 19, bought my first home at 28, faced job loss at 36 during COVID. Consulting a CFP helped grow my finances. Currently, I'm 25% short of my $5m goal.

That is just amazing! Could you please tell me about your Certified Financial Planner (CFP)? This year, I'm considering some financial changes.

Yes, Andras Bohm made headlines in 2020, but I'm not sure if I can bring him up in this context. he manages my portfolio and acts as a counselor for me.

Yep

10000000000%

And yet, it's exactly what the Cons what....they want to raid the well run, globally respected CPP.

Real estate is dead money … for an economy.

Hello how do you make such monthly ?? I'm a born Christian and sometimes I feel so down 🤦 of myself because of low finance but I still believe in God.

Thanks to my co-worker (Alex) who suggested Ms Chloe Linda Henderson.

She's a licensed broker in the states 🇺🇸

After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸 also paid for my son's surgery (Oscar). Glory to God.shalom.

Wow that's nice She makes you that much!! please is there a way to reach her services, I work 3 jobs and trying to pay off my debts for a while now!! Please help me.