3 ms·
Damn. This is going to shock Canadians. The only two investments or risk Canadians could make or take were housing and crypto.
by ilrwbwrkhv 4y ago
Damn. This is going to shock Canadians. The only two investments or risk Canadians could make or take were housing and crypto.
- vkou 4y agoThis is nonsense for two reasons. 1. Tether isn't an investment, it doesn't pay yield, and the only direction it can go is down. It's either worth $1 (it's current value), or $0 (when it falls apart). That's not an investment. At least when I go to Vegas, and put my wallet on black, I can win money. 2. Since when were Canadians unable to... Buy stocks..? Mutual funds? Index funds? REITs? BTC? Degeneratively day-trade options and meme stocks and margined-to-the-neck forex?
- mattmerc 4y agoExactly. Not sure they understand how things work in Canada at all. If anything, average investors in Canada can more easily access investable assets compared to American counterparts. For instance, there is no pattern day trading equivalent. Also (somewhat related), I don't think its a coincidence that Canada is a haven for financial fraud https://www.youtube.com/watch?v=Wx51CffrBIg https://www.youtube.com/watch?v=Wx51CffrBIg.
- zht 4y agowe have plenty of exposure to US stock markets? and the treatment of all capital gains as half of your marginal rate regardless of time held?
- werdnapk 4y agoCanadian here. Not shocked.