Money Sense

[Anonymous]

Would you prefer a thread or a whole subforum?

Fashionista suggested a thread with a sticky. That works for me.

[Anonymous]

They are high risk/high return

May I suggest phrasing that as  high risk/ "Potential or Possible" high return



While that is implied, reminding myself of it is how I keep all risky stuff in perspective



Doesn't mean I won't go risky, but when I do it's only when all indicators are right  .. and the stars are aligned right, lol

It's definite high risk and potential high return.

[Anonymous]

When mate was full time a summer contractor, he built a house during winter.



We got 2 gains.

We would live in each for a year and sell with no cap gains of course.

He could keep a couple of key employees on for the winter, ready to go for summer contracts



It served us and the business well.  



We are lucky here. In the US, cap gains hit hard, although they can deduct mortgage payments from income

Yes, they do hit hard. In Canada, on a capital gain of $50,000 for instance, only half of that, or $25,000, would be taxable. For a Canadian in a 35% tax bracket for example, a $25,000 taxable capital gain would result in $8,750 taxes owing.



Southern Ontario's housing market is overvalued and a correction is coming.

[Anonymous]

Thank you to Fashionista for her suggestion. I feel privileged to be able to start this thread. I will post some market related information on a day to day basis. I don't know everything and I invite others to tell us their investment victories and losses.



If you wouldn't mind, please merge my other thread under this title.

This is the most important thread on this forum..



Thank you seoulbro and anyone else that participates.

[cc]

DITTO to all the directly above ^^^

[Anonymous]

Thank you Keeper for stickying this thread....It's easier for a mod than an admin to do that.

[Anonymous]

Baytex Energy is the latest casualty of slumping oil prices. They along with Crescent Point Energy have cancelled their dividends.

[RW]

We need to cut off funding to terrorist oil and start being the alternate supplier.

[cc]

YESSSSSS  !!!!!!! ^^^



N America buys and sells oil as suits some companies. Even much of Keystone would is planned be shipped out, while at the same time N America buys oil from anywhere. We  need leaders with the balls to stop it.

One rule / law that would do it is for N America to not send oil to any counties except only after N American consumption is satisfied



I know it is difficult to change attitudes of leaders to step up, but it must be done. STOP this self-destructive insanity



Shen, does N America now produce a volume of oil that would make it self sufficient IF it was all used internally?

[Anonymous]

YESSSSSS  !!!!!!! ^^^



N America buys and sells oil as suits some companies. Even much of Keystone would is planned be shipped out, while at the same time N America buys oil from anywhere. We  need leaders with the balls to stop it.

One rule / law that would do it is for N America to not send oil to any counties except only after N American consumption is satisfied



I know it is difficult to change attitudes of leaders to step up, but it must be done. STOP this self-destructive insanity



Shen, does N America now produce a volume of oil that would make it self sufficient IF it was all used internally?

Actually most Keystone oil would be refined at location. The companies who would produce the oil had buyers for their product. The only reason we import about 650,000 barrels/day from hellholes like Saudi, Angola and Nigeria is because we don't have infrastructure to deliver it.



The IEA estimates the US will continue to import 5-7 million barrels/day for the next 2 decades. The US and Canada have the reserves to cover that, but it would not be economical to extract it....YET. If oil goes up above $100/barrel and stays there for a while all bets are off.

[priscilla1961]

I've made a lot of money on real estate transactions like over $50,000 in just over a year.

My future ex husband has the houses. With hope they burn down and he in it.

[RW]

I've made a lot of money on real estate transactions like over $50,000 in just over a year.

My future ex husband has the houses. With hope they burn down and he in it.

An insurance policy is one way to make money on someone.  Hahaha

[priscilla1961]

I've made a lot of money on real estate transactions like over $50,000 in just over a year.

My future ex husband has the houses. With hope they burn down and he in it.

An insurance policy is one way to make money on someone.  Hahaha

 

[cc]

LOL!!!

[Anonymous]

I've made a lot of money on real estate transactions like over $50,000 in just over a year.

My future ex husband has the houses. With hope they burn down and he in it.

I can think of someone I wouldn't lose sleep over if she perished in a house fire. Three guesses as to I have in mind.