First home game for Canada is tomorrow. 1 day left. There are a crazy number of tickets left and prices are yet to seriously drop.
Keep in mind, FIFA made their money. These are sold tickets on the resale. We know the City of Toronto and a few other organizations got bulk tickets to sell at a profit.
I get the goal of scalpers is to make money but they will lose all the money the spent if these tickets are still unsold by tomorrow. I keep telling myself, supply/demand economics will take hold. They will sell, even for $50 for pitch side is better than the $0.
We’re not talking a few last minute tickets, this is hundreds if not thousands still left for sale.
Either way, I’m glad to play the role of a vulture and snap up dirt cheap tickets to take the kids tomorrow afternoon but will also get a kick at seeing scalpers get zero dollars on these tickets if they don’t sell.
Second division Torreense stun Sporting CP 2-1 after extra time in the Taça de Portugal final 😲
It's the first major trophy in the club's 109-year history.
@fcp1992 Hope they did. Remember the scandal when Aves beat Sporting in the Taca and didn’t register. Man Sporting have a shit history at some of the loses they’ve gotten in Taca finals 😂
Yea, I’ll take the hit for this level of history. If they make it to the first division on that second leg of the play off. The EL could help them get a bit more sponsorship money and we’ll see if it can give them a boost to try to stay in the first division. I’d say that region given their population is underrepresented. Either way, nice to see this level of history made
If your a fan of soccer, global history is was made where a second division side went all the way to the Taca Final (FA Cup) and beat one of the big 3 clubs in the country. This is unheard of! Congrats to Torreense!
I’d also add in that there is guaranteed cash flow coming in. Part of the pension payments are not even funded by investments but money in/out from working people. Throw in that it has scale, it isn’t for profit like the retail products, thus internal costs should be way cheaper therefore all else being equal it should slightly outperform which isn’t the case.
Using two very basic retail small account portfolios RBC Select Balanced & Capital Group Global Balanced (low-medium risk) 60/40 split. They’ve averaged 7.5% the last 10 years on their basic fee base version.
Given the nearly 1 trillion of assets, the fact that the average age is 40 for Canadians. The CPP should have closer to a 80/20 split thus should have had greater returns.
One of the reasons for the lag in returns of the CPP lack of competition for management of assets. If Canadians were allowed to transfer out, I bet they would be more in line with the industry average. That being said, I wouldn’t put the CPP as the worst managers. Just below average, with little intensive to go from good enough to great.