Get Out Of The Rain!
In my experience if you are uncertain as to how to proceed stop and look for signs as to where you are and which way you are headed.
Archive for:
January, 2009
Looking South For Real Estate Steal
Mark from Hamilton, Ontario writes about buying property across the border:
Hey Lou,
Listen to you on AM640 as much as I can. For the past 5 years I have taking a trip at least one a year across the boarder to do some snowboarding with the family. We normally rent a condo on the hill. I [...]
January 21, 2009 | Posted in Real Estate | Read Article »
Entry Point For Oilexco?
Thinking about buying Oilexco . OIL TSX, at current price. What are your thoughts on this? I have appreciated your comments in the past and thank you for this.
Henry
Hi Henry,
Thanks for the assignment. The question is why do you want to chase a company whose future is very much in question? The operating arm of the [...]
January 20, 2009 | Posted in Energy | Read Article »
How Low And How Long Can It Go?
I think that your variable rate call on your mortgage is good for the one year period you asked about. But keep in mind that the trend is your friend till it ends!
January 19, 2009 | Posted in Bank of Canada | Read Article »
When In Doubt Throw To Cash!
Mike from Niagara on the Lake, ON writes about his RRSP:
Lou-love your show!
I’m 45,with RRSPs in mostly a balanced portfolio which is down ~40%. My gut is telling me the market will continue to fall in 09.
Should I continue to ride the wave, or try to move some or all of it into cash/govt bonds? [...]
January 18, 2009 | Posted in Investment Strategies | Read Article »
Land! Its The Only Thing That Lasts!
Hi Lou,
Avid listener on AM640 and great website. I came across some large acreage property for cheap (less than $100,000) north of Toronto. I’m wondering if I should take advantage of this once in a lifetime economic recession and purchase it now. I also have the option of planting trees on this property through a government sponsored [...]
January 15, 2009 | Posted in Real Estate | Read Article »
Nortel Files For Bankruptcy Protection
The creditors will now set about trying to recover their assets while the shareholders will take the whip. In my experience the only winners in a bankruptcy are the lawyers and accountants that manage the process.
January 14, 2009 | Posted in Telecommunications | Read Article »
