I'm thinking tomorrow is a good day to start buying selected mutual funds as I believe the correction is nearing an end. Anyone with any wiser advice? Petros?
Time to invest????
- Thread starter JLM
- Start date
Switching a couple of grand from Canadian Bond Fund to Canadian Natural Resources fund. Bonds are high right now, to it could be a double whammy.
Yeah, I've been mulling over that possibility. Probably best not to do anything until you see a small up swing!
I fully agree. House are much over valued. These monster houses are just a status symbol to bolster feeble minds. Why would two people want a house with 4 bathrooms?
Only G7 not to have a correction- Look at TO overbuilt shoddy condos built on the 5 year plan- 5 year invest- flog as the market rises. Those condos will be slums in 20 years from date of construction due to poor quality work and corners cut.
Single home in TO are over the roof in pricing, but people are focused on 3 markets.
They are wrong.
Market on house prices- 10 -30 % cut coming.
And the upside is that is good for the economy as many have been priced out.
And China is going to land really hard. This year - 3 years, it will hit hard.
Cash is king.
I invested my three dollars in the powerball today. Friday I will invest two dollars in the mega million drawing.
Many thought things would be worse for China before. The propping up of 2008 is about
to see what is waiting behind door number three. I think its a little way off but its still coming
fast. real estate will take a huge hit and consumers will be an endangered species it interest
rates go up a lot of people are near max on those cards.
to see what is waiting behind door number three. I think its a little way off but its still coming
fast. real estate will take a huge hit and consumers will be an endangered species it interest
rates go up a lot of people are near max on those cards.
