#CanadianStocks #WealthSimple
Investing in Canada with the WealthSimple Trade Challenge – EVERY CANADIAN INVESTOR MUST SEE THIS!
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Financial Freedom Journey $100 to $100K – MUST HAVE ACCOUNTS
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What I use/recommend in the Canadian Crypto space:
CoinSquare – RELABLE & Canadian
ShakePay – MY FAVORITE & Canadian – Receive $10 On Sign-up & Funding
Blockfi – Store your crypto and earn % – Receive up to $250 On Sign Up & Funding
Ledger – Hardware Wallet – THE SAFEST WAY TO STORE YOUR CRYPTO
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Want to make money in 2021? Follow me on this series from video 1 as I chronicle my journey as a regular Canadian guy, to show you that it is possible to change your lives in 2021.
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Check Out These Books! (also a way to support the channel)
*** CANDLESTICK CONFIDENTIAL – Tim & Nancy Danter – Amazon @ $12.95 + Other Sizes!
“Investing For Canadians For Dummies” By Eric Tyson ******
“Stock Investing For Canadians For Dummies” By Andrew Dagys ******
“Investing For Canadians All-in-One For Dummies” By Tony Martin
“Rich Dad Poor Dad” By Robert Kiyosaki
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*** Disclaimer***
I am not a financial advisor in any sense, and am not licensed to manage a funded portfolio for any member of the community. This channel is based on a financial freedom challenge to change my life in 2021 and beyond, and is done for personal entertainment purposes….(read more)
LEARN ABOUT: Investing During Inflation
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing
If you’ve been keeping an eye on the news lately, you might have heard some alarming reports about inflation. The latest data shows that inflation is on the rise at its fastest pace in a decade. This has left many people scratching their heads and wondering what the heck is going on.
Inflation is the increase in the prices of goods and services over a period of time, resulting in a decrease in the purchasing power of a currency. In other words, your money doesn’t go as far as it used to. This can be a major concern for both consumers and investors, as it can lead to higher costs for everyday items and potentially impact the value of investment portfolios.
The recent surge in inflation can be attributed to a variety of factors, including supply chain disruptions, increased consumer demand, and the impact of the global pandemic. As businesses struggle to keep up with demand and production costs soar, they are passing those costs on to consumers in the form of higher prices. This has caused a ripple effect across the economy, leading to concerns about the long-term effects of inflation on the financial markets.
So, what does this mean for investors in 2021? Well, it’s more important than ever to be strategic and stay informed about the state of the economy. As inflation continues to rise, investors may need to reassess their investment strategies and consider reallocating their assets to protect against the effects of inflation.
One way to stay ahead of the game is by participating in the WealthSimple Trade Challenge. This challenge offers investors the opportunity to learn about investing and build their portfolio in a risk-free environment. By participating in the challenge, you can gain valuable insights into the market and learn how to navigate the current economic climate.
Additionally, diversifying your portfolio with assets that historically perform well in inflationary environments, such as real estate, commodities, and inflation-protected securities, can help protect your investments against the effects of inflation.
In conclusion, the recent surge in inflation is a cause for concern, but it doesn’t mean you have to panic. By staying informed, being strategic, and diversifying your portfolio, you can navigate the current economic climate and potentially even thrive in the face of inflation. Consider participating in the WealthSimple Trade Challenge to gain valuable experience and insights that can help you make informed investment decisions in 2021.
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Bought a ton of cinneplex stocks cause I feel like it going to boom when we re open, most of my holdings are in bitcoin and eth otherwise buying more on the dip now. The dxy is hitting a artificial high cause people are selling off holdings when it retraces it will drop like a stone and defi will rise… rise!!! , this is why its falling meow, as "money" ( actually fiat currency ) goes up defi bears, as traditional currency bears, defi bull rushes.. as per past trend. Buy low and try to sell when it hits its artificial high, but not all of it… there will be another dip in the fall to buy in more.. im hoping to aquire another 5 eth at least by summers end
You pay that price today you will pay it tomorrow. Everyone has to make there money back from the last 2 years. Plus everyone has been locked up for 2 years and they want to get back to life . its going to be crazy . what about wages going up.??
10:33 Scary but unfortunately true
We are likely in for rough times ahead. There is enough news out there to paint a picture but the media often leads it up to us to connect the dots.
There doesn't seem like much of an appetite to let the market crash so this perpetual bull run could continue as long as money is being printed at a record pace.
Yea it is pretty obvious that inflation is higher than usual. Great video Rye.
Inflation is here for at least Q3 next year (2022) minimum. So many people will not go back to work with business crippled, COVID-19 fears (Delta) people living off cerb for over a year. It’s gonna take a lot to get some people back to work. It’s going to take so long to pay those handouts back by those working through it all.
Glad you did this video…you know how I feel about this…it was hard to watch the one article where they understated the food inflation…that is definitely not what I’m seeing coming across my desk…it is coming in higher than what is being reported. My personal opinion…they are understating it, to not cause panic. I’m hopeful for economic growth…but…growth isn’t the only story happening.
Any price gouging going on?
This inflation stuff with the 2pm announcement, I can only continue to prepare for the worst and hope for the best.
Personally, I think it depends on our Government and our Debt. If the Feds keep printing money like crazy and the bank of Canada keeps buying the debt…. We're in trouble.
I hate to even say it, but I think what needs to happen is that banks need to jack up mortgage rates… like a lot. Same as they did in the 80's and 90's to bring down the housing costs. Lost of people will lose their homes but those people were dumb enough to spend $700K on a townhouse….. Basically, we need a housing rest.
We need to cut foreign spending programs and start to pay off the debt to balance the budget.
I also think the Government needs to take away a lot of red tape and put in some programs to encourage Canadian business start ups. Right now we've lost millions of jobs to other countries. Businesses are going bankrupt. This needs to stop.
Get rid of the useless carbon tax
Lastly, cut off Cerb and get people back to earning their pay.
It's all a little harsh and kind of a tough love situation and it's going to get much worse before it gets better but it really needs to happen.
I'm in the belief this is a long term issue, you can see the price for just about everything has gone up, even compared to pre-pandemic prices and I feel that it's normal as a lot of new expenses are being passed on to the consumer. Plus I have seen many businesses close permanently, usually small places that would hire a handful of persons but in the end that makes a decent amount of people. You can also see the effects that working from home has had downtown, and I'm sure it's the same in all major cities, where even if we're reopening you don't have the same clients anymore, office staff isn't there and they're a big part of the economy either by eating out or shopping in stores during lunch and after work. There's just a lot of little details that we haven't really figured out yet which are most likely driving prices up, you can even see it on the market where nearly everything is reaching their pre-pandemic level despite the pandemic not being totally over.
Long term high we all gunna die
I've been waiting since December for you to just come out and say "We need Donald Trump back!!"
Lots of businesses are closed permanently with only low paying work available what's your thoughts on what's going to happen
In the U.S. when the rent is due?
This was not a surprise and it is only beginning.