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ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION

January 21, 2021 | All About You

A best-selling Canadian author of 14 books on economic trends, real estate, the financial crisis, personal finance strategies, taxation and politics. Nationally-known speaker and lecturer on macroeconomics, the housing market and investment techniques. He is a licensed Investment Advisor with a fee-based, no-commission Toronto-based practice serving clients across Canada.

Looks like the typical blog dog is a 40ish-something professional earning above-average income who’s pro-vax and upon whom the slimy little pathogen has showered a heap of new net worth. Students don’t come here. Retirees are relatively scarce. And a majority  scurried home when the virus arrived, then made their dogs deliriously happy by staying there.

Blog data is below. So, 5,140 responded since this time yesterday, or about 10% of the usual number of listless, bored, confused people who stumble in here daily looking for a sanitized bathroom. Of course, this is all about comparing yourself to everyone else.

Key findings: few blog dogs were punted from their jobs by the virus and three-quarters suffered no income loss, either. The WFH brigade is huge – well over half of the respondents have been in sweatpants for almost a year now, Zooming their employers and frittering away far too much time on some pathetic blog. Shame on you. Back to work.

A third of those surveyed fessed up to having received money from Mr. Socks, and doubtlessly a bunch of this was in the form of the sweetened child pogey as well as CERB. But the real kicker is what the virus has done to net worth. Up for an astonishing 90% of you. As we’ve been speculating here for a while, the bug has turned the wealth gap into a canyon. Financial markets have soared since vaccines came on the scene and real estate markets everywhere have been insane – fueled by FOMO, nesting, fear of germy cities and dodgy neighbours. Plus, of course, the weird belief that people will never commute back to the workplace allowing them to migrate to the hinterland and wreck real estate there.

Speaking of wealth, most people answering the poll are in professional jobs, and 70% have household incomes between $100,000 and $400,000. Almost 7% make in excess of $400,000, which is nine times the national average. Mostly realtors and embezzlers, likely. A third are in their 30s, and 80% are younger than 60. And check out the vaccine hesitancy, to see if it matches the number of dumbass comments that I’ve had to delete lately.

What does this tell us about the 1% of readers who light up the steerage section on a daily basis, defending MAGA, saying Covid’s just a flu, telling us Trump won the election, Alberta is going to separate, the stock market is a Ponzi scheme, the economy’s collapsing, the future’s dark and cats are okay?

Yup. Ignore ‘em. They only think we care.

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January 21st, 2021

Posted In: The Greater Fool

One Comment

  • 76239 says:

    “vaccine hesitancy, to see if it matches the number of dumbass comments that I’ve had to delete lately.”
    If you believe in the vaccine so much, why do you care that other’s don’t? Why does it bother you so much you have to call those that disagree with you “dumbass?” Are your a totalitarian at heart who cannot tolerate dissent? I feel sorry for those in your presence who have the temerity to disagree with you. Do they get this vitriol from you?

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