@smaugizbored@ErnestWongBWM@cadinvests It took Wealthsimple almost 10yrs to clear $50B in assets under MGMT, it took an additional 12months to double that. That’s a lot of fartcoin 😂
@ErnestWongBWM@cadinvests I think companies like Wealthsimple are counting on that apathy. The banks can bleed that $3B revenue pool from discount brokerage at their own peril. A lot of wealthy Canadians will eventually centralize all of the equities/liquidity where the corporations actually care
@MarkHarris186@ErnestWongBWM Baskin owns GOOG, AMZN, TSMC, TFII…all over 30 PE. Long term value based on one metric will have you under water vs the market in no time
@BarrySchwartzBW@ErnestWongBWM Would love to hear from you and @ErnestWongBWM about when it’s time to move on. You’ve alluded to solid transitions from Costar and MTN. Conversely (since it’s Long Term Investing), what gives you pause from moving on from companies in bear territory like ADBE?
@bopanc@badge55950 Yes, but everyone knows they’re cowards who cash cover war criminals. So you have that to cope with when you fly your flag. When no one trusts you, you better stockpile guns…
@halifaxnoise Union dues well spent as usual.
Heaven forbid we assess congestion.
$500k seems reasonable if they can correct inefficiencies like they did with the rotary and dedicated metro transit lanes
@Obiwandwighto@OttawaGooch@BenSteiner00@MorganPCampbell If wealth already provides those opportunities shouldn’t we look to other demos to raise the bar where access is limited? If $1M helps 10 children of affluence achieve success in niche sport or 100 children success in more accessible sport, I’ll take the latter every time
@OttawaGooch@BenSteiner00@MorganPCampbell This is a completely different conversation, and I agree with you on that. Equipment for niche sports that are only accessible to high income families in one area of our country might not be the most effective allocation in funding (imo)
@OttawaGooch@BenSteiner00@MorganPCampbell It’s ok to have normal dialogue about something so mundane. You’re right that the province chooses the diversion of funds, but the CHT is fed funded. The point wasn’t so much that specific piece of equipment, it was more that there are better uses of our money than a new sled
For anyone who would like to hear Mark Carney’s outstanding Davos speech in full here it is. This is what true global leadership looks like.
Canada should be immensely proud today, because they are leading the fight back when others dare not.
🎥 TikTok - https://t.co/BExGV2YIDq
@TheMars13959760@ronmortgageguy Again, not a Liberal. I’ve voted both sides of the fence. I base my decision on reality, not a fiction made up to sow descent/fear.
@shyamsubeditwit@ronmortgageguy See, that’s the thing, I’m not a Liberal. I would have voted blue if JT hadn’t stepped down. A cult is when you can’t accept welcome news for our country and choose to foreshadow some made up circumstance that hasn’t come to pass and use it as a misdirection and cudgel
@thaddeus_hatter This is like suggesting that grocery stores compete with McDonald’s. Sure, they both provide sustenance, but the vehicle is the channel of competition
@ErnestWongBWM@DivGrojourney@TidefallCapital @cadbanksonly I disagree as well. I don’t think the outflow has been dramatic yet, but roughly 25-40% of Canadian bank profits comes from personal banking. This excludes commercial and (more importantly) all wealth mgmt