Remember Cryoptocurrency

[biglentil]

Yep, a smart guy would look at history and these schemes, dump and run for the hills. There’s so many scams. Like Bre-X after I mentioned it earlier, I googled Bre-X and the article pointed out that even though investors lost millions, the Canadian regulators did nothing to remedy the Canadian potential to scam. Guzman and a couple of other “geologists” bought gold from local panners and mixed the gold into their samples, ran their stock up and jumped ship, leaving investors shaking their heads. The potential to scam continues in Kanuckistan - now bitcoin too.

For every scam there is a huge success story. For your bre x example there are dozens if not hundreds of miners that have made their investors very wealthy. It's very important to look at the team behind the company. Have they had success in the past, are they investing their own money, is their compensation reasonable?


The ones that never trust get left in the dust.

[farmaholic]

For every scam there is a huge success story. For your bre x example there are dozens if not hundreds of miners that have made their investors very wealthy. It's very important to look at the team behind the company. Have they had success in the past, are they investing their own money, is their compensation reasonable?


The ones that never trust get left in the dust.

Now now biglentil, show a little respect!

Re investments, You don't have to ride the garbage truck all the way to the dump, jump off any time!

And then there's these stories, ringing so true!

https://youtu.be/xN3QY0UTK0E

https://youtu.be/_JlWmk1_1Sw

https://youtu.be/DiLvi9avsAc

I realize there is risk in self directed savings like there is in "paying" someone to "monitor" your investments, what a ****ing scam! Now there is the ETF(exchange traded fund) model.
TIME TO GET RID OF SOME PARASITES

Should have bought farmland and Regina housing 15 years ago.

I may not buy "paper bins" but I sure do have paper "assets". Let's get "real"!

[farmaholic]

[farmaholic]

[farmaholic]

[farming101]

TIME TO GET RID OF SOME PARASITES

Timing is everything. And time keeps ticking away....

[biglentil]

Timing is everything. And time keeps ticking away....

Yes! The right thing at the wrong time is the wrong thing.

[sumdumguy]

An estate that I administered was paying 7% per year in admin fees. Seems they didn’t have a problem with that. They lived and learned!

[farmaholic]

Timing is everything. And time keeps ticking away....

I've been saving in RRSP's since my early twenties...tick tock tick tock.

I got in when locked in savings interest rates were very respectable. Then they went for shit and useless mutual funds and ETF's came into the scene, dismal since then.

I kept track of deposits over the years and I bet I don't have a pile of more money in the portfolio than I deposited. Nothing to write home about anyway. I expected to be much further along than I am thirty years later.

Best investments ever made were in "myself"!

[tmyrfield]

I've been saving in RRSP's since my early twenties...tick tock tick tock.

I got in when locked in savings interest rates were very respectable. Then they went for shit and useless mutual funds and ETF's came into the scene, dismal since then.

I kept track of deposits over the years and I bet I don't have a pile of more money in the portfolio than I deposited. Nothing to write home about anyway. I expected to be much further along than I am thirty years later.

Best investments ever made were in "myself"!

Just wait till you start your rrsp withdrawals and conversion to a rrif. once the taxman gets his due your "investments" will be very disappointing. if you figure in oas clawbacks and the fact that you'll likely be in the highest tax bracket tax rate could well be north of 75%.
investing in fast cars, loose women and booze couldn't have been a whole lot worse;>)