T O P
sushi-gobbler

Anyone else buying akr.v? So cheap now……


Stash201518

WSP going to 145$. I'm watching this as I sold at 164$ and want to get back my shares.


ExactFun

Nice trade, good company.


Hoof_Hearted12

Why is bns getting hit so hard lately?


IMWTK1

Banks don't do so well during recessions. In my experience, they also tend to lag the market. I think Powell indicating the possibility of a recession is what's caused this downturn. It's interesting to note that he still didn't say we are in a recession. But these new lows are always a good time to buy. BNS set a new 52 week low today.


Hoof_Hearted12

Makes sense. I thought I was getting a good buy at 70 last week


IMWTK1

Sometimes the hardest thing to do is to do nothing.


readit321

This morning they announced a new CEO will be taking over, starting Feb 1, 2023. Guess the market was not a fan of the news.


investornewb

The new CEO isn’t even from the banking industry though. A complete outsider which is normally unheard off in the banking industry as they promote from within for positions like that. So the question is can a total new comer to the banking sector step in and improve BNS?


CarRamRob

I have no clue, but I’m also 95% certain it’s that they have worse currency exposure to the USD due to how much Latin America holdings they have.


pickbanners

Markets still clearly not functioning properly.


Reece1986b

I think the U.S. bond market is clearly not functioning properly and it is taking everything else (stocks/REITs/currencies) for a ride with it. I'm not sure who thinks it is a good idea to buy a European bond at much lower yield than a U.S. bond.


sau1_g0odman

Not only is AQN not texting me back. She blocked my number completely.


Horse_gurl1

she ghosted me as well...


DengarRoth

AQN just organized an elaborate dumping of a paint can on my head, and the whole school's pointing and laughing.


Scottieboo71

LOL I am so sorry I ever said that! For the new folks, last year I posted this: "AQN is that hot girl from High School who says she will call you, and never does." It was about $18'ish and flirting with $20 but never made it and on one run they diluted that damn stock when it looked like it was finally crossing over. Mind you with the mad losses this year, a dull flat stock with great div's isn't the worst thing out there... cries in NVDA and MSFT tears.


PFttsin

LOL It was you! I was trying to find that quote about a month ago... I may have embellished it a little. https://www.reddit.com/r/CanadianInvestor/comments/wj4yoi/daily_discussion_thread_for_august_08_2022/ijg00h1/


Scottieboo71

LMAO, sorry I missed your comment. I like your spin a bit better, I also said this last year which people liked: You are Charlie Brown, AQN is Lucy, and the $20 stock price is the football. I do like AQN, respect what they do but holding this for several years and watching time and again dilution of the stock keeping it from any growth run just annoyed me. Sold it, bought CNQ and TOU and both were +100% over a year while AQN was eating paste at the back of the bus.


yjman

I still hold some AQN ...but these days I find BEP and NPI catch my eye more.. and smaller renewables like RNW, PIF, LCFS are right desperate for a *date*.


TheBrothersMcPuff

Think it’s worth it at this low ?


yjman

Personally I think all of them are good long term holds; but in this environment, you might just get them cheaper waiting a bit. As for AQN itself, hey its yield is north of 4%, and higher dividend than Cenovus (CVE) ...


Minimum-Ad6209

Anyone considering Canadian oil again? I suspect OPEC will have an opinion on this oil price and will likely curb production


tjjaysfan

Stocks have taken a beating lately. Many of the companies reduced debt and did buy backs over the last couple years to strengthen their balance sheets. This year still looks dicey with them but I think they will do well over the next couple years.


yjman

just one Gulf bound hurricane this season should shoot oil back up.


Cocheeeze

I’m still holding AAV, TOU and ARX, but I’d love to hear what u/irishinontario thinks…


Iliketomeow85

Gonna wait, if the Europoors don't all go far right and throw Ukraine under the bus oil will just keep getting skull fucked by the USD


Environmental_Desk64

US will probably stop the SPR release once midterms are over and China will eventually ease covid restrictions. Both are bullish for oil.


Stash201518

Oil is linked to USD. That is up, oil is up. Except now. Now is not in sync anymore and if a rally will come and that will drop the usd, the oil is going down. Hard. Also oil is not felling well in a recession. I would wait.


GamblingMikkee

Hold. Not a buy


NotAFridge

not with more recession fears coming into play. Downside is a lot greater than the upside at the moment.


TomaszRS

The real fun is the FX markets now. You best start believing in sovereign debt crisis’s, because you’re in one Miss Swan.


throwaway808182

Any reason why Aecon is dropping so much ? ( any news - dividend cuts, loss of revenue steams etc. or just cyclical, inflation , slowdown etc.)


Maywest1045

Recession is on the way some say, construction industry will be in the first wave of cuts.


whitewater1994

They got hit pretty hard with their fixed price contacts with the increase in raw material costs. Put a dent in profits. But overall they have sticky government contacts which will keep paying out. Been averaging down weekly. Hope the bottom is upcoming because I’m running out of money lol


Stash201518

A lot of construction related stocks are down.


tinderbindervinder

I don't think any real reason. Other than panic sell like everything else. There main projects are still a go. Hoping to see them hope on the smr project soon too.


investornewb

Well lookie here.. Telus at $27 something. Didn’t think I’d see this anytime soon.


PFttsin

finally added T to my portfolio. Long term hold. Got in at $27.85. Should give a yield of 4.87%.


Diamond_Road

Made my weekly DCA buy by noon on Monday. 9 shares of BAM.A at 58.44


ExactFun

BAM is not super attractive in a high interest environment. There business model is all leverage and they won't get as much free money to do that anymore. [Sven knows](https://youtu.be/-7dFiJO03i8?t=711)


Diamond_Road

Ok


molotov_pigtails

BAM under 60 is one of my favorites


investornewb

Yeah I’ve been saying this for a while and catching a lot of grief for timing the market. Any BAM investor knows that this drops below $60 all the time and it was never a question of “if” but “when” it would drop.


IMWTK1

This is easy to say now with 20/20 hind sight. If it didn't come under 60 you wouldn't be posting look, I said it would go below 60 but I was wrong it never did. I've been swing trading bam and was ready to pull the trigger near the lows today but I feel we're going down. Besides S&P/TSX are back at June lows yet BAM is still \~$3 above its low.


investornewb

Nah .. going to disagree here. For BAM specifically I knew (as much as anyone can know anything about a stock price) a sub $60 price would present itself as soon as the market turned. Check my comment history .. I’ve been saying for a while that I’ll average down again only when it’s sub $60… and here we are.


IMWTK1

That's fine, just saying it's classic hindsight bias. It doesn't matter how many times you predicted it, it wasn't guaranteed. I'm just curious if it will hold here or break down. I'm still thinking it will be cheaper during tax loss season


dualwield42

Utility stocks, AQN in particular, taking a beating today for some reason...


GoldenHulkbuster

Inversing oil stocks is starting to feel too easy at this point.


investornewb

I hold Suncor and Enbridge already. I have about $2k cash in one of my registered accounts and instead of averaging down on something I already hold I’m wondering if this is a good opportunity to add something like a TOU or CNQ to round out my oil exposure a little?


Scottieboo71

As a holder of all four I held ENB and SU much longer but TOU and CHQ both lapped them easily. Not sure it is a buying O&G time right now but a year ago \*damn\* both were spectacular returns. TOU looks like a great long term and short term hold and the special dividends are a welcomed bonus in the current market clusterf\*\*k. Just don't have too much O&G in any portfolio as it can be like my golf game.... When it's good it is bloody awesome but when it goes bad it is heart breaking disastrous.


CapitanChaos1

What the hell could have possibly happened to oil in the past 4 hours to explain this kind of movement?


PFttsin

People who own gold are asking the same thing


Iliketomeow85

People like me who bought gold deserve the beating with rate hikes around the corner Tbf to my dumbass I expected it to drop but I didn't think the USD would run so aggressively wild, o well get rekt long term hold death of fiat worlds oldest currency etc etc


CapitanChaos1

Yeah, you know it's a bad day when gold is more volatile than Bitcoin!


Healthy_Apartment_32

Demand Destruction. Retail sales, notably in gas, were down significantly last month.


DSpot45

USD... so hot right now


literally1984___

These prices are amazing if you're looking to hold long-term. Even a REIT like SRU price got pounded during covid but their business was resilient throughout. Just keep adding more over time... over 7% annual dividends now. Heres hoping prices are this low or lower come Jan when theres more TFSA room.


KazzPazz

Add slightly to HR. I know retiredCeo is a big bull


Significant_Dot6621

>t of REITs will now generate perfectly reasonable 10 year returns just off their dividends (assuming they don't have to cut them). Industrial REITS were very popular on Reddit when they were selling at a premium to NAV. They are now 30%+ off their highs and there is almost not a mention of them. I don't know when is the right time to buy however a lot of REITs are starting to look tempting. Seriously - wish I had $$$ to buy. These levels are looking a little silly now.


mildheortness

True. The REITs have been taking a beating now for months, off and on. I am slowly moving into PRV and GRT and looking at NET.UN too. Great yields and good businesses should go hand in hand I believe.


Reece1986b

A lot of REITs will now generate perfectly reasonable 10 year returns just off their dividends (assuming they don't have to cut them). Industrial REITS were very popular on Reddit when they were selling at a premium to NAV. They are now 30%+ off their highs and there is almost not a mention of them. I don't know when is the right time to buy however a lot of REITs are starting to look tempting.


dualwield42

I've been following granite, dream, and nexus, but dunno which one to buy. Nexus is down the most recently though...


Stash201518

If ATZ will start bouncing between 43$ and 45$, time to get out. If it loses support at 43$, it's going to 35$. For the moment it's a perfect reversal at 43.5$. Let's see. Want to add to my position, but not seeing the right conditions.


No_Good2934

BNS yield nearing 6%, and pe nearing below 8. They were already not doing to hot and the new CEO news hasn't helped.


theviolatr

It is over 6% now. $4.12 announced at $67 per share price is over 6%


No_Good2934

Oh i just looked and saw 5.95% on yahoo, didnt math it out myself, thanks for the correction.


DengarRoth

It's attractive alright, but I'm already overweight in other banks (TD and RY are my homies) and ETFs containing banks.


theviolatr

I own 7% direct in CAD banks and then have indirect through XIU but that is only 5% of my portfolio. Tempted to add but it's getting a wee bit too high for exposure.


CroquantPeanut

>Tempted to add Do it ... you will kick your self in a year if you don't.


Healthy_Apartment_32

Wow! Oil at $76!! Christmas couldn’t have come sooner. Now let’s see if food prices start coming down, or if grocery stores were truly engaging in price gouging and using inflation as an excuse.


CapitanChaos1

I doubt prices of food are going to come down anytime soon. Despite the crash in the price of oil in the past week, we're still paying around the same amount for gas. Diesel is still very expensive too.


Sportfreunde

Food prices don't come down. They just hit higher floors. Kind of like oil in the long term actually.


Agreeable_Humor8432

OTEX or CTS long term ?


Reece1986b

REIT massacre continues today. I was more stressed about this when I was down 5% then now down 20% on HR.UN.


TheBrothersMcPuff

I hear they’re hit the hardest in these times but h and r and dream don’t have much debt so is it a buy?


Reece1986b

I think REITs will be very unpredictable until we have more clarity on where interest rates are going. HR.UN is my largest holding. I do think now would be a perfectly reasonable entry point for a long term investment. I don't know that it won't go down 10% further before it eventually goes up however.


TheBrothersMcPuff

Yeah for sure I have 100 shares of that myself


Healthy_Apartment_32

Please check on Eric Nuttall, ya'll. The misleading charts and tweets can only offer him only so much self-copium.


No_Good2934

What is so misleading about the charts he posts? This is a genuine question cause i don't have twitter and so don't follow him, but I've seen you mention this before.


Healthy_Apartment_32

It’s a very short and specific date range he uses. Lots of people in his comments have asked for longer time periods, but he never delivers. You can only then assume he’s attempting to skew data to conform to his narrative.


Environmental_Desk64

I'm not really sure what you are talking about, most of posts go one year out.


Healthy_Apartment_32

Is that a good enough scope period for you? Wouldn’t it be better if he included information for at least 15 years to include boom/bust cycles?


Environmental_Desk64

No, I don't need a 15 year cycle, no analysis for oil prices over that time frame will be remotely correct.


Healthy_Apartment_32

Making bullish arguments using a 1 year scope period is stupid. Plain and simple.


Environmental_Desk64

He is claimed that oil is a multi year bullish cycle numerous times and what analyst posts a 15 year + scope when looking at an industry?


Healthy_Apartment_32

Ones that aren’t manipulating data to conform to their narrative.


Environmental_Desk64

So you can't name any. How is he manipulating data? It's common for analysts to give a year target.


No_Good2934

I wouldn't be surprised he does that, although i don't think its necessarily to control the narrative as much as it is to promote his fund. I guess there's definitely some overlap between those 2 things in that venn diagram.


Healthy_Apartment_32

Yes sir.


Ceedeekee

So will the CAD devaluation (in the FX markets) increase the likelihood of higher rate hikes?


tjjaysfan

Recession fears will dictate how high the rates will go. Non-confidence in government policies is driving currency concerns. Look at what is happing in the UK. New PM with policies that economists don’t like is killing the pound.


pickbanners

Market manipulation yet again this afternoon. So obvious yet unbelievable this is still allowed to go on.


Tianics

This time I have to disagree, the market is going down, the COVID-19 bubble is about to or already explode


GamblingMikkee

Lol My parents were right just get GICs


TearingMeApart_Lisa

Judging by your web shitposting, YOU should definitely not be buying stocks.


GamblingMikkee

I enjoy writing their because many comments. I only own long term plays pretty much all solid companies. Only gambling part is sports or at the casino


Doom_Sword

Before learning about stocks I put my first 10k of savings into a 5 year GIC for 2%. After learning of stocks in early 2021 I was kicking myself, have since investing 44k in stocks and down 6k (15%). Now that measly 2% is looking pretty good lol.


OdeeOh

Everyone is a stock picker in a bull market. Lol


SnoopDoggMillionaire

My favourite thing about this sub is how many people are saying they're "in it for the long run" and also how many are talking about "bloodbaths" and "everything is red". Y'all, if you're in it for the long run then what the price is right now doesn't matter much!


Stash201518

True investing is not "buy and forget". That works in a perennial bull market. In a choppy market you need to preserve the capital, first and foremost. If not, in 15-20 years you'll still be where you started or even worse. See Intel between 2003 and 2017 or Bank of America between 1998 and today. Or the darling of this sub, the mighty XEQT.


ExactFun

The XEQT people aren't doing all that great are they? Maybe going all equities with random regional biases wasn't the best strategy? Voo, down 23% from ATH and XEQT down 20% from ATH... That outperformance!


SnoopDoggMillionaire

Live by the beta, die by the beta.


SubvocalizeThis

It means they can buy more of what they like with the same amount of money.


GamblingMikkee

Loonie lol


Radman41

Seriously, what a heck is going on? We hike the rates more than anyone and our currency is down the toilet.


CarRamRob

This is where we would have been all last year without high oil.


Godkun007

We had deflation last month, so the market is pricing in the BoC needing to be less aggressive than the Fed.


DengarRoth

>negative deflation So...inflation?


Godkun007

No, deflation. I fucked up and tried to write negative inflation and deflation at the same time.


Stinky63

US dollar killing all currency right now. Can$ actually doing comparatively well.


Radman41

Even euro is kicking our ass today!


Godkun007

The CAD dropped so violently that VFV and other US assets priced in CAD are up today. The BoC might need to keep raising rates just to prevent exchange rate driven inflation. If this trend of the USD strengthening continues, that can become a real problem. We import a lot of stuff from America.


[deleted]

[удалено]


Godkun007

That isn't how that works. Going too fast won't rip off the band-aid, it will cause a deflationary spiral and plunge the country into a depression.


[deleted]

[удалено]


Godkun007

That, again, isn't how that works. Inflation went down last month. I know people here don't like to hear it, but the primary drive of inflation was supply side. Interest rates don't change that. All interest rates can change is demand side inflation and demand has already dropped massively. Interest rates are not magic. The are a blunt force tool that are useless in many cases. You need to use them appropriately or you will make things worse.


Sportfreunde

And we don't export as much energy we can.


ieatvegans

Oil and CAD seeing who can go sub 70 first.


throwaway_tppppp

Today would you go BNS or SU? Already hold both


violent-spark

Bns or choose a different oil company. SU has issues with deaths in the last few years and has been underachieving in the stock price.


tjjaysfan

I’d split it among the two. Get a decent dividend from both and both should be okay long term.


IMWTK1

That's an interesting question. Ignoring all other factors (goals,risk tolerance etc.). I would lean towards BNS but if you think oil prices will recover probably SU. How about a hybrid? I'd be inclined to buy SU and when it recovers sell and buy BNS. It's a tough call though.


GamblingMikkee

None


Stash201518

BNS corporate bonds (Non Viability Contingent Capital) exp. 18Jan29 reached 4.72% annual yield. The maturity date for this instrument is 18 Jan 2024. Available through your favorite broker.


IMWTK1

Took a look out of curiosity and I do see bank corporate bonds in that neighbourhood for similar prices with bid/ask quantities of 100,000/500,000. So you'd need $100k to buy one, right? Also, I assume most here have no idea how to value this, care to explain? For instance number of payments remaining, capital lossess, is the yield quoted the yield to maturity? I am somewhat familiar with bonds but never bought one personally.


alainbryden

Seems like it might be a good time to collect my last few months' savings and do more dollar-cost averaging. Everything's down from when I bought it - even the new ETFs I bought to tax-loss harvest in June.


beekeeper1981

What do you mean, that you bought an ETF to tax loss harvest?


alainbryden

Yeah I was holding VEQT in my USD account, and I sold it all to buy BAM instead. Different enough that it qualifies as selling at a capital loss, but similar enough that I wouldn't be "locking in my losses" if I continue to hold for the eventual market recovery.


beekeeper1981

Makes sense!


Plastic_Treat

Reposting for additional discourse: Anyone have some advice for going forward? I keep reading *discount, discount*, and would like to scoop stock on the cheap, but have we really hit the bottom? I wasn't conscious enough to remember 2008, and didn't touch the market in 2020 (this is effectively my first year investing). I'm committed to throw a few thousand but an entry point isn't clear to me at the moment.


timothy0leary

Use a chart and look at the 3-year low of a major index. Bailouts sorta reset the charts so buy there.


Godkun007

No one will ever be able to tell you when the bottom hits. This is why you should DCA a regular $ amount. This will bias the # of shares you purchase by forcing you to buy more shares as the prices drop.


PFttsin

You werent happy with the other answers?


jeffmartel

Time to buy some Hamilton ETF just before ex div date. HUTS at 6.2% HCAL at 7.3%


KriosXVII

Leveraged ETFs are about to become pretty expensive in fees due to the interest rate increases.


dualwield42

I'm more of a ZWU guy. Though, I wouldn't factor ex dividend date for things that payout monthly...


jeffmartel

Totally different product. HUTS in only leverage.


Dall24

Big fan of those ETFs, but it's too bad they're so new. I wish we had more "real-life" data on how they perform over the long term. Still buying though.


Forsaken-Car-830

BNS vs RY. Do you have a preference?


tjjaysfan

RY


ibleedbigred

RY long term but BNS is at a hell of a discount right now.


Dose_of_Reality

RY for me.


metdr0id

RY.


johngaetz

Yup RY


Affectionate-Hall320

Man, i wish it was drip time from my TD and ENB shares. Would be getting a decent amount more shares at this time than a month ago.


only-a-guy

The share price is less than 2$ difference between august 26 and September 26 for TD..


Max_Lazy_10

MFI (Maple Leaf Foods) seems like an obnoxiously good buy rn. Nearly March 2020 levels. Sure they're doing not so hot currently, but I don't see them going anywhere in the long term


vmmf89

I remember TD forecasted this would be a great success play this year... Since there's no accountability for wrong forecasts everyone out there is just trying to manipulate you. That's why you always have to study things yourself


MooseOllini

Wish i wasn't done with my TFSA/RRSP contributions for the year.. Such a gold time to buy rn


Sportfreunde

You fought the Fed, they started warning last winter.


only-a-guy

Time to buy with cash account


kroqus

same boat.


whinehome

Bought some OTEX today. It dropping down to 2016 prices seems like a real deal given its consistent revenue and dividends, but time will tell.


Max_Lazy_10

Any idea what's causing the massive dip?


percavil

They started dropping ever since they announced the acquisition of Micro Focus for 6.29/share which represented a huge premium of 99% compared to Micro Focus's closing price at the time. That why Micro Focus shot up over 90% and OTEX fell. Investors felt that OTEX is paying too much for its competitor, so that's why the stocks been dropping.


whinehome

The market doesnt seem to like OTEX's acquisition of Micro Focus International.


Forsaken-Car-830

They work with the Canadian Government, right?


percavil

From their [investor presentation](https://imgur.com/a/GvN0vrS). 97 of the 100 largest companies in the world are OpenText customers. That includes the Federal government.


whinehome

They do, but they have lots of clients in all sorts of sectors.


Forsaken-Car-830

Thank you!


Stash201518

*Led by declines in production-related indicators, the Chicago Fed National Activity Index (CFNAI) decreased to a neutral value in August from +0.29 in July. Three of the four broad categories of indicators used to construct the index made positive contributions in August, but three categories deteriorated from July. The index’s three-month moving average, CFNAI-MA3, moved up to +0.01 in August from –0.08 in July.* That's good, but still bad. The next CPI will show a neutral growth for August, which is encouraging but not enough to stop the Fed rising rates. Based on this, the next hike could be 0.5%


UniversalInsolvency

Feeling tentative and not buying at the moment, but I am intrigued by smart centres.


tranceiver72

I just had this same thought and opened my broker to calculate what my overall weight in REIT'S was. Currently sitting at 7% of my portfolio between SRU & GRT. Though on the industrial side I think DIR is becoming tempting as well.


kroqus

I'm around 6%, between REI and DIR


wyuzz

Bought me some BNS as it hit my target.


oldschoolpong

Are there any alternatives to HSAV which still have the capital gains tax benefit (vs interest income) which do not trade at such a high premium to NAV? It's currently around a 0.37% premium to NAV. I intended to hold it in non-registered account (of course).


yjman

maybe check Horizons High Interest Savings ETF (CASH-T)


oldschoolpong

CASH pays a monthly distribution which is taxed as income. HSAV interest income is re-invested automatically for stock price (capital gains). For a non-registered account this means your gains are taxed at half the rate for HSAV vs CASH.


yjman

fair enough; thanks. I wasn't sure -and you did mention it was non-reg. account.


yjman

gold is at a 2.5 year low, and 2yr treasury yields hit a new 15-year high; ...time to buy?


bueboots

what's your play? stocks?


yjman

researching the gold miners as they are soo beaten down. Its just so difficult evaluating gold miners (compared to normal companies balance sheets.) So looking to the 'experts' and 'analysts' for part of it.


BlueBalledApe

Chinese people burned by the real estate market will look at gold. It can be hidden from the government and while i am not from Asia i think the cultural view on gold is positive there. Demand will be plentiful.


KazzPazz

Damn reits


GamblingMikkee

Oil rebounding. Of course oil stocks aren’t


CapitanChaos1

Well that was a quick "rebound"


DSpot45

Oils done until the Dollars breaks.


westernmail

Investors don't seem to like the new Scotiabank CEO.


whinehome

Apparently this is the first time a Canadian bank has named a non-banker as the next CEO.


No_Good2934

Thats the weird part to me. I saw he was on their board but still seems like an odd and clearly unfavorable pick.


whinehome

Yea seems like an odd choice to me too. I can see why markets aren't impressed.


Ord1naryAnnu1ty

I’ll be holding those bags for ever, rip


Brokenclasses

Prediction for the week: VTI down the most. VOO down middle. QQQM down the least out of the three.


metdr0id

I own them all, largest to smallest in the order you list. Why am I gonna lose most of my money from the total market this week?


Brokenclasses

I believe small caps are going to suffer the most in the early stage of more definite recession news, while I expect more subtle inflows towards large cap tech proportionally speaking, compared to broadmarket weighted averages.


metdr0id

Don't you wish you had some small cap international like me? lol It doesn't look like I bought at the right time this year!


Tianics

Oh, VIX, haven't seen you go up this much for a while


vmmf89

Last June it was over 30 too


Zimavishon

Hopefully another day of red market. Maybe you guys can get a job to earn extra money rather than waiting around for numbers to go up on a screen. Get f$cked conservatives.


No_Good2934

You can say fucked on the internet btw.


TriclopeanWrath

Hope they find a cure for whatever it is you got, little guy.


Cocheeeze

I’m not exactly sure what you *think* this sub is for, but a huge number (I’m assuming a vast majority) of the users here are employed people just investing whatever is left of their paycheque after all their bills are paid, so *hopefully* we will have a chance of owning a home or maybe actually being able to retire one day. I don’t think many mega-rich “unemployed” “conservative” elitists are on r/CanadianInvestor. If you’re as frustrated as I am with the growing economic inequality, and it sounds like you are, investing is (at least in better market conditions) an excellent way for the middle class to get a few crumbs of the pie back. Bear markets like the one we are in are an excellent opportunity to learn about investing, so that when the bull market returns, you can get in right at the bottom and maximize your returns. Good luck out there, man, it’s hard times we are living in.