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ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION

Garth Turner

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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.

August 19th, 2019 | Down She Goes

The Greater Fool - In the fog of macroeconomics, people live their lives and try to make good daily decisions. So while the inverted yield curve and Modern Monetary Theory are interesting, what your mom wants is w-a-y more relevant. Bob knows. Here’s his real-life question, after which we’ll get esoteric. I’m in a situation where my mother and […]

August 18th, 2019 | The Greater Snafu

The Greater Fool - If you tried to access this pathetic blog on Sunday and came up empty, well, sorry. If you managed to hit the site but found yourself sitting in an empty, lonely landscape of commentlessness, you did better than me. Void. Nothingness. Blog withdrawal. Webmaster William was all over the issue, which turned out to be […]

August 16th, 2019 | It’s Over!

The Greater Fool - Well, that was some week. The Dow plunged. It crawled back. It fluctuated. Then it soared. Bonds roared and retreated. Gold jumped, gyrated and weakened. The recession talk crescendoed, then we all got distracted with Hong Kong, Putin’s insane nuke-in-a-missile explosion and Trudeau’s ethics. Or lack thereof. If you ever wonder why a balanced, diversified […]

August 15th, 2019 | Lessons

The Greater Fool - Janet was inconsolable. “Get me out,” she said a few times. “I want to be in cash.” And so it was. Another person unable to overcome emotion. One more victim of the Dow. And the media. It’s a story that’s repeated every single time a bout of volatility grabs the headlines. As you may have […]

August 14th, 2019 | Gulp

The Greater Fool - First, the crumble in Vancouver. Then the blog terrorists. Please ensure you have the correct gear (protective eyewear, gloves, sidearm etc.) before proceeding. Thank you. And ignore the financial markets today. Everybody’s in a funk. The forecast: Tumult, then cannibalization The meme coming out of the real estate cartel lately in Toronto, Vancouver, Montreal and […]

August 13th, 2019 | Extremists

The Greater Fool - Have you noticed the middle’s missing these days? In politics, libs and cons might as well be commies and Nazis. The globalists are battling the nationalists. Society’s divided between the 1% and the 99%. The Mills have declared war on the Boomers. The #MeToo movement turned men into the enemy of women. And when it […]

August 12th, 2019 | Can’t Wait

The Greater Fool - Pete’s a thirtysomething, late-stage Millennial (the most dangerous kind). “Looking to see if you can help me with my finances,” he wrote. Yeah, sure. Gimme details. “I have a fair grasp on investing but looking to fine tune with some advise on tax optimization in RRSP,  TFSA and non-tax sheltered accounts and to ensure my […]

August 11th, 2019 | Splat

The Greater Fool - Mortgages at 0%. More FOMO. Is this stuff possible? The die may have been cast at the end of the week. We shed 24,000 jobs in July. Unemployment hit 5.7% (the States is 3.7%). Fewer people have been working in each of three of the last five months. Last week a 30-year Canada bond hit […]

August 9th, 2019 | Crowdsucking

The Greater Fool - Talish Girwarna was having a shower one morning not long ago. “I was unemployed then,” he told me this week, “and I was wondering to myself how entrepreneurs get rich. Then I got this idea.” “I asked myself, ‘what does everyone need?’ and the answer was simple. Everybody needs money. So, yes, this was the […]

August 8th, 2019 | The Fog

The Greater Fool - On Thursday he did it again. Trump tweeted that the Fed needs to cut interest rates (a week after the last cut) because the US dollar’s too high. It’s clear the American president won’t give it up until the central bank capitulates. So the race to the bottom continues. If you were thinking about retiring […]

August 7th, 2019 | Playing with It

The Greater Fool - There were some heart palps on this blog yesterday as the news spread people in Denmark have free mortgages. Well, almost free. The growing plop in global interest rates has pushed home loans just below zero in that country, while bank fees have brought them back up to about one-half of one per cent. Still […]

August 6th, 2019 | Apples & Apples

The Greater Fool - Enough Trump, China and pantywaist investors. Let’s get back to bricks for a while, where men are men and nobody ever loses money. Err… Wait a minute. The news Tuesday was that sales last month ‘soared’ in the nation’s biggest real estate market. Say the Realtor® gods®: “With annual growth in sales far outstripping annual […]

August 5th, 2019 | OMG

The Greater Fool - Immediately after Ryan and I told you how to deal with investment fear, along comes something to be afraid of. I mean, how cool is that? Consider this an emotional test. And no cheating. First, the context. After soaring for all of 2019, setting new record highs and gaining 15-20% in the course of just […]

August 4th, 2019 | Get a Grip

The Greater Fool - Yesterday my bud and fancy portfolio manager Ryan wrote about risk. His job is to mitigate it. He’s a pro. People who give guys like us money have two main goals. (a) Don’t lose any, and (b) make a decent return on it. Yes, there are other concerns – like reducing tax and ensuring lifelong […]

August 2nd, 2019 | The Mission

The Greater Fool - Let’s forget Trump, China, the Fed and the markets for a day. We have bigger questions to deal with. Like: what if a powerful Artificial Intelligence program were used to analyze, say, a pathetic blog? What would it think? Now that people and computers are connecting in ways never before dreamed of something called ‘sentiment […]

August 1st, 2019 | Jumping In

The Greater Fool - In addition to marital relationships, canines, hormones, RVs, condos, Trump and occasionally truck nuts, this pathetic blog talks about investing. And taxes. Assets, retirement planning, balanced portfolios. It’s shocking how little people know about this. Schools don’t teach it. [email protected] just wants to sell you stuff. Same with your cousin who got a job last year flogging […]

July 31st, 2019 | Choices

The Greater Fool - Yesterday’s post referenced a honkin’ big white motorhome with a couple of blog dogs at the wheel who rolled into my day. Turns out it was Eric and Kylie. Now I know their story. This just arrived: Can’t believe we met yesterday like that… especially during Bandit’s bowel movement! And I didn’t even have to […]

July 30th, 2019 | Why

The Greater Fool - Bandit was about to do his business. I fished a plastic bag from my jeans pocket and waited on the sidewalk to, well, you know. Suddenly… “Garth. Is that you?” I looked up from the emerging issue and saw a great, long bejesus white motorhome come to a stop on the street beside us. “It’s […]

July 29th, 2019 | Debt’s Embrace

The Greater Fool - As we count down to the first US rate reduction in ten years (this is a big deal), we gotta talk about bonds. And safe stuff. Why you need some. First, what’s a bond? Simply a hunk of debt. Governments or corps issue bonds to raise money. They give an investor interest until the bond […]

July 28th, 2019 | No Guts

The Greater Fool - Let’s recap. So far this year (it’s the end of July) the US stock market has gained 20.7%. In seven months. Once again it’s at a record level. Since last July the advance is 9.5%, including the big (and temporary, Trump-inspired) plop of late 2018. On Bay Street the TSX had added 15.4%, is ahead […]

July 26th, 2019 | More Stress

The Greater Fool - Four of the six Big Banks have now chopped their posted 5-year fixed mortgage rates. That leaves TD and CIBC as the outliers, with everybody else moving to 5.19%. Of course that’s not the rate you actually borrow at. All of these guys will happily load you up with debt at less than 3% for […]

July 25th, 2019 | Is Cool Enough?

The Greater Fool - Ten years ago nobody normal owned an electric car. Last year, the EV revolution hit Canada hard. Sales grew 125%. The number of electrics increased 90% over the previous year, essentially doubling. By the end of 2018 there were more than 93,000 of them whirring and clicking along. So far this year, it’s continued. Now […]

July 22nd, 2019 | How Desperate?

The Greater Fool - Tim Hudak is, well, terrifying. The former hard-con, right-hand dude of legendary hack-‘n-slash premier Mike Harris of Ontario was largely credited as having handed an election to his Lib opponents, who plunged the hapless province into a morass of spending and debt. And that begat weird Doug Ford. Tim scared people by saying he’d fire […]

July 19th, 2019 | Spotified

The Greater Fool - It’s Friday. In July. So why is there still news happening? Here are some things worth noting. One or two are scary. DOWN SHE GOES For the first time since it came into effect, the stress test rate has fallen. But don’t get too excited – the decline is from 5.34% to 5.19%, so new […]

July 18th, 2019 | Unboring

The Greater Fool - On Tuesday a dude named Ziggy sent the following in to the Salt Spring Exchange, which is a Kijiji-kinda thing serving that weird little island community between Vancouver and Victoria. Let us pray that he’s just one isolated delusional, greedy goof. Tent with bed on private property $40/night – $1,000/month bed and tent in private area […]
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