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In this episode, we look into Goldman Sachs' forecast of a "lost years" for the stock market, with forecasts of simply 3% yearly returns over the next 10 years. Learn why Goldman is sounding the alarm, the underlying threats, and how investors can prepare if low-growth markets lie ahead.
Likewise in this episode:
Canada's Wealth Gap Between Homeowners and Renters– New stats expose an escalating variation in net worth across age groups.
CRA's $40 Million Refund Rip-off– A major scams case exposes spaces in Canada's tax agency's confirmation process and raises concerns about taxpayer protection.
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Another good one Marc. I have a few regulars in my livestream that are worried about the big crash. I am not seeing it but as you say, it is still wise to be cautious.
Have you ever heard of R.N Elliott (Elliott Wave) he predicted this back in the early 1940s 41/42 I believe. Should look into it quite interesting 🧐
Jesus…. what a slap in the face. times are going to be tough. Thanks for being there for us Marc. Great video!
Please.. bring it on already.. I’m 25% “cash” and waiting to boost my income based covered call ETF portfolio. Thanks Marc!
Marc, I held XBB during the Mar 2020 COVID correction and it took a hit along with everything else. Along with the entire market it recovered until Jul 2020. XBB steadily dropped along with the overnight rate.
It wasn’t until the market shifted direction in Oct 23 did I see some recovery.
…I don’t have a decade to lose….good thing I care about the dividends more than the total returns…though it’s nice when the price goes up.
the CRA is going to look at refunds over $50,000? That seems too high!!! verifying T4s as they come in might be the thing to do, not catch the money on the way out
I agree
A lost decade sounds like a good time to acquire great cash flowing companies at nice prices.
8:08 Thats depressing. Im so glad I bought my home in 2019. I thought the housing market was bad back then… Never thought it would end up where it is 😬🤮
Very gloomy outlook for people in their early 20’s who are just starting out. 😟
just dca into s and 500 low cost index continuously. stop listening to noise.
Thanks for breaking down these important topics!
Most of the grants for SR&ED have been scammed.
Last year they said this year would be 6% and they were completely wrong. They also missed by a 1000 points. They are no more equipped to prognosticate than puxetani Phil.
The story beneath these stats is that the world saw huge efficiency gains due to technological advances, without which we’d very clearly be deep into a Depression and probably various civil wars.
Thank you Mark, i always enjoy these segments.
High valuations and market concentration worry me, especially after the recent market volatility.
Good point.. the market has been crazy lately, a few surprises here and there.. with all the global happenings taking place I think it’s safe to say that a severe global recession is looming..
Shocking about the CRA, hard to maintain confidence. Thanks for the outlook and insights. Enjoy some R&R
How can anyone say they aren’t a ‘gold person’ or silver? Theres basically no downside to having your own gold and silver stored, unless you buy high but then that’s relative and no different than anything else
The question is how much should you allocate to foreign markets? 33% CDN, 33% Non US, 34% US?
I’m seriously thinking of pulling out and retiring in Thailand on a 36K$ annual budget..This volatility is bs