Danielle Park returns… In a tone strikingly similar to what the Fed said in 2008, Canadian government officials are proclaiming the real estate mess contained. If past is prologue, it will be anything but contained and will likely metastasize into something far worse. These bubbles never end well and this one will be no different. Are Canadians too legit to start declaring strategic defaults en masse? Next, Danielle believes that your financial advisor has to be a sound risk manager ahead of all other considerations. It’s a case of an ounce of prevention being worth a pound of returns. Often you’re far better off not losing than trying to win a windfall and suffering big losses as a result. It’s just human nature.
Sign up (on the right side) for the instant free Financial Survival Toolkit and free weekly newsletter.