Negociação de opções binárias por diversão e lucro um guia para especuladores

Uma História: a Palavra do Ano do Dicionário.

Palavra do ano.

Nossa escolha de Palavra do Ano serve como um símbolo dos eventos mais significativos de cada ano e das tendências de pesquisa. É uma oportunidade para refletirmos sobre a linguagem e as ideias que representam a cada ano. Então, dê um passeio pela estrada da memória para lembrar de todas as nossas seleções anteriores da Palavra do Ano.

Não foi moda, engraçado, nem foi cunhado no Twitter, mas achamos que a mudança contou uma história real sobre como nossos usuários definiram 2010. Ao contrário de 2008, a mudança não era mais um slogan de campanha. Mas o termo ainda tinha muito peso. Aqui está um trecho do nosso anúncio da Palavra do Ano em 2010:

O debate nacional pode ser resumido pela pergunta: Nos últimos dois anos, houve mudanças suficientes? Tem havido muito? Enquanto isso, muitos americanos continuam enfrentando mudanças em suas casas, contas bancárias e empregos. Só o tempo dirá se a última onda de mudanças pela qual os americanos votaram nas eleições intermediárias resultará em um resultado negativo ou positivo.

Tergiversar.

Esta palavra rara foi escolhida para representar 2011 porque descreveu muito do mundo ao nosso redor. Tergiversar significa "mudar repetidamente a atitude ou opiniões de uma pessoa em relação a uma causa, assunto, etc." Os editores do dicionário viram o mercado de ações, os grupos políticos e a opinião pública passarem por uma montanha-russa de mudanças ao longo de 2011. E assim, nomeamos tergiversar a Palavra do Ano de 2011.

Em um ano conhecido pelo movimento Occupy e o que ficou conhecido como a Primavera Árabe, nossos lexicógrafos escolheram a tag como sua Palavra do Ano de 2012. Aqui está um trecho do nosso lançamento que dá uma boa explicação para a nossa escolha:

2012 viu as campanhas políticas mais caras e alguns dos eventos climáticos mais extremos da história da humanidade, desde enchentes na Austrália a ciclones na China, ao furacão Sandy e muitos outros.

Ficamos sérios em 2013. A privacidade de todos estava naquele ano, desde a revelação de Edward Snowden do Project PRISM até a chegada do Google Glass. Aqui está um trecho do nosso anúncio em 2013:

Muitos de nós abraçamos as mídias sociais, optando por oferecer informações íntimas e fotografias pessoais no Facebook, Twitter e Instagram; Esta participação robusta ecoa uma observação de Mark Zuckerberg em 2010 de que o nível de conforto do público em compartilhar informações pessoais on-line é uma “norma social” que “evoluiu com o tempo”. Mesmo assim, uma pesquisa recente da Harris Poll mostra que os jovens estão agora monitorando e alterando suas configurações de privacidade mais do que nunca, um desenvolvimento que o USA Today apelidou de “efeito de Edward Snowden”.

Alerta de spoiler: As coisas não ficaram menos sérias em 2014. Nossa Palavra do Ano foi a exposição, que destacou o surto do vírus Ebola no ano, chocantes atos de violência tanto no exterior quanto nos EUA e o roubo generalizado de informações pessoais. Aqui está o que nós tivemos a dizer sobre a exposição em 2014:

Do senso de vulnerabilidade que permeia o Ebola à visibilidade de atos de crime ou má conduta que provocaram conversas críticas sobre raça, gênero e violência, vários sentidos de exposição foram expostos ao público este ano.

A fluidez da identidade foi um grande tema em 2015. A linguagem em torno do gênero e da identidade sexual se ampliou, tornando-se mais inclusiva, com acréscimos ao dicionário, como gênero fluido, bem como o prefixo neutro de gênero Mx. A identidade racial também teve muito debate em 2015, depois que Rachel Dolezal, uma mulher branca se apresentando como uma mulher negra, disse que se identificou como biracial ou transracial. Nossa Palavra do Ano em 2015 refletiu as muitas facetas da identidade que surgiram naquele ano.

Xenofobia.

Em 2016, selecionamos a xenofobia como nossa Palavra do Ano. O medo do "outro" foi um tema enorme em 2016, do Brexit à retórica de campanha do presidente Donald Trump. Em nosso anúncio, pedimos aos nossos leitores que refletissem sobre este termo em vez de celebrá-lo:

Apesar de ser escolhida como a Palavra do Ano de 2016, a xenofobia não deve ser celebrada. Pelo contrário, é uma palavra para refletir profundamente à luz dos acontecimentos do passado recente.

A palavra cúmplice surgiu em conversas em 2017 sobre aqueles que se manifestaram contra figuras e instituições poderosas e sobre aqueles que permaneceram em silêncio. Foi um ano de verdadeiro despertar para a cumplicidade em vários setores da sociedade, da política à cultura pop. De nosso anúncio de Palavra do Ano de 2017:

Nossa escolha para Palavra do Ano é tanto sobre o que é visível quanto sobre o que não é. É uma palavra que nos lembra que até a inação é um tipo de ação. A aceitação silenciosa do erro é como chegamos a esse ponto. Não devemos deixar que isso continue a ser a norma. Se fizermos isso, então somos todos cúmplices.

A verdade Feia.

Como muitas pessoas em sua cidade oleosa, Tina não pode vender seu apartamento. Bem, não pelo que ela acha que vale a pena. Ou o que ela pagou ($ 380.000). Então, quando ela se mudou para a casa de Bryan (uma semi), ela decidiu alugar. A taxa atual é de US $ 1.300 para uma cama de solteiro, que ela recebeu.

Mas, oops, a hipoteca custa US $ 1.400 por mês, mais US $ 150 para o imposto sobre a propriedade, US $ 100 para o seguro e US $ 320 para taxas de condomínio. Tina nega quase setecentos dólares por mês, desde que comprou com uma baixa de 5%. "Nunca pensei que estaria nessa posição", diz a vendedora da concessionária de carros (Ford). "Mas pelo menos eu posso escrever tudo isso e esperar até que o mercado volte, certo?"

É uma coisa comum. Sobre para obter mais. Em todo o país, os aluguéis não conseguiram acompanhar os preços das casas. Em quase todos os lugares, os senhorios subsidiam seus inquilinos, com a maior obstinação ao impacto que isso tem em seu patrimônio líquido. Agora que os grandes anos de valorização do capital estão atrás de nós, apenas dizendo, "os inquilinos estão pagando a hipoteca" significa pouco quando o fluxo de caixa está no vermelho e o valor da propriedade está estagnado ou em declínio.

Há duas coisas que vale a pena lembrar: primeiro, os aluguéis são considerados rendimentos e tributados dessa maneira. Assim como seu salário. Pior, renda de aluguel é adicionada em cima de outras fontes de renda (como salários de emprego), e pode facilmente empurrá-lo para um suporte mais alto. É uma merda. Isto contrasta fortemente com o tratamento fiscal favorável aos dividendos e (especialmente) ganhos de capital. A taxa de imposto mais alta que alguém paga com um boné (em um ETF, por exemplo) é de 25%, em oposição a um potencial de 53% no aluguel.

Em segundo lugar, Tina pode ter uma surpresa pensando que ela pode acabar com sua má decisão, deduzindo as perdas perpétuas de seus ganhos na concessionária. A julgar pelos comentários postados neste blog não dedutíveis, ontem, muitos proprietários acreditam que todas as perdas são canceladas. Assim como na Austrália delirante.

Então vamos rever a lei.

Primeiro, a boa notícia. Veja o que a CRA diz sobre como subtrair o fluxo de caixa de aluguel negativo da receita que você recebe de outras fontes (como seu trabalho):

Você tem uma perda de aluguel se as despesas de aluguel forem maiores do que sua renda bruta. Se você incorrer nas despesas para obter renda, poderá deduzir sua perda de aluguel em relação às suas outras fontes de receita.

Agora as más notícias, primeira parte:

Aluguel abaixo do valor justo de mercado.

Você pode deduzir suas despesas apenas se você incorrer para ganhar uma renda. Em certos casos, você pode pedir ao seu filho ou filha, ou a qualquer outra pessoa que viva com você, que pague uma pequena quantia pela manutenção da sua casa ou que cubra o custo dos mantimentos. Você não informa esse valor em sua receita e não pode reivindicar despesas de aluguel. Este é um acordo de compartilhamento de custos, então você não pode reivindicar uma perda de aluguel. Se você perder dinheiro porque aluga uma propriedade a uma pessoa que conhece por menos dinheiro do que com uma pessoa que não conhece, não pode reivindicar uma perda de aluguel.

E aqui está o resto:

Quando as suas despesas de aluguel são consistentemente maiores do que sua renda, você pode não ter permissão para reivindicar uma perda de aluguel porque sua operação de aluguel não é considerada uma fonte de renda. Você pode reivindicar uma perda de aluguel se estiver alugando a propriedade para um parente com a mesma taxa que cobraria de outros inquilinos e espera obter lucro.

As palavras-chave aqui são “fonte de renda” e, claro, “lucro”. A lógica é simples. Se você investir em algo para criar lucro tributável (um lucro), então o CRA permitirá que você deduza os custos que excederem essa receita por um tempo razoável & # 8211; até que a lucratividade seja alcançada. Se não houver expectativa de lucro, porque nenhum inquilino pagará o suficiente para levar seu condomínio, nunca, então, difícil. O CRA tem todo o direito de (e pode eventualmente) recusar as perdas / despesas que você escreveu contra o seu salário.

E quem decide que período razoável de tempo seria permitir-lhes? Acho. Não é o contribuinte.

Moisters podem pensar que os aluguéis são extremos na YVR ou na GTA, mas ainda é impossível comprar um condomínio no centro da cidade com um pequeno pagamento inicial e ter um fluxo de caixa positivo no aluguel. A única maneira pela qual o senhorio de meio-expediente vai quebrar é se ela pagou a maior parte do financiamento e tem uma enorme quantidade de equidade. Mas então é apenas um investimento de baixa qualidade - o patrimônio não faz nada e o aluguel é totalmente tributável. Se a unidade não está apreciando, tudo isso foi uma má ideia.

Bem, durante o boom do ano passado, estatísticas mostraram que pouco mais de 50% das novas unidades do condomínio vendidas no GTA estavam indo para pessoas que não tinham intenção de morar nelas. Alguns eram nadadeiras e speckers. A maioria era, provavelmente, "investidores" estrelados que acreditavam poder encontrar inquilinos para pagar a hipoteca, amortizar as perdas mensais e acabar com algo que os tornaria ricos. Quando essas unidades são construídas e disponibilizadas em mais um ano ou dois - especialmente agora que os CRAs as rastreiam -, as reclamações e os gemidos serão ensurdecedores.

Aluguel de matemática. Diga, Brad Lamb mencionou algo disso?

205 comentários & darr;

# 229 45no dia 21/01/18 às 16h08.

Flop: enviou $ 30 para a Terry Fox Foundation.

Eu rezo pelo melhor para você e sua família.

Graças às três doações até agora.

Obviamente, não afetará o que está acontecendo no outro lado do planeta, mas se pudermos presentear um canadense por semana, mais uma noite com um ente querido, então isso vai aquecer meu coração.

Flop For Fox Fund…

# 2 LivinLarge em 01.22.18 em 4:50 pm.

"E quem decide o período razoável de tempo para permitir isso?" Acho. Não é o contribuinte. Não é nunca.

As surras continuarão até que a moral melhore.

Esse cão não é feio. Isso é fofo.

# 4 Adult Money Stuff em 01.22.18 às 16:55.

Duvidoso que Tina possa deduzir qualquer coisa de sua renda de emprego & # 8230; a parte do pagamento da hipoteca que é aplicada ao principal não é uma despesa dedutível.

Por outro lado, isso significa que o condomínio é provavelmente muito mais perto de break-even do que uma perda, então ela provavelmente não vai ficar espetada na renda de aluguel.

Quando ouvi pela primeira vez deduzir as perdas de aluguel, meu pensamento imediato foi que o CRA já tinha percebido isso. Não é diferente de administrar uma empresa que sofre perdas todos os anos e tentar deduzir essas. Depois de alguns anos, o CRA dirá que o objetivo de sua operação não é lucro e sim a sua imagem. Isso, combinado com um mandato do CRA para pressionar todos a pagar pelos gastos do T2, não terminará bem.

Odeio fazer isso, mas!

# 7 Michael Francis em 01.22.18 em 5:04 pm.

Pelo menos em Aus, o Governo proibiu as deduções de viagem que você acumula ao visitar sua propriedade de investimento na ensolarada Queensland.

Então, novamente, com a maioria de nossos políticos possuindo também 15 propriedades de investimento e fretamento de aeronaves privadas a expensas dos contribuintes para inspecionar suas propriedades, não espere muito.

# 8 banido prematuramente canadense Millenial em 01.22.18 às 17:10.

# 9 InvestorsFriend on.22.18 at 5:15 pm.

Pode haver um lucro tributável contábil no aluguel, apesar de estar em uma situação de fluxo de caixa negativo, em que a propriedade não se sustenta.

Isso porque a parte da hipoteca que vai para o pagamento do principal não é, de fato, uma despesa. (E isso é verdade tanto para a propriedade alugada quanto para a propriedade ocupada pelo proprietário.)

# 10 Empréstimos são rendimentos em OW em 01.22.18 às 5:16 pm.

Espero que Tina não perca seu emprego, porque no Ontário, para se qualificar para a Ontario Works, ela terá que liquidar todos os seus bens até que chegue a US $ 1.000. Cada renda que ela ganhou será deduzida de seu próximo cheque de bem-estar.

Se ela tem uma hipoteca pendente, os empréstimos são considerados renda. A Ontario Works tratará sua hipoteca como Renda a ser deduzida de futuras verificações de bem-estar.

# 11 InvestorsAmigo em 01.22.18 às 5:17 pm.

Material de dinheiro adulto em quatro está correto. Não consegui ler seu comentário antes de postar o meu.

Primeiro de tudo como outros disseram que ela não pode ter uma perda como a parte do principal para a hipoteca não é uma baixa que eu suspeito que é perto de US $ 700. Em segundo lugar, ela definitivamente esperará um lucro no futuro, uma vez que a hipoteca é quitada e a despesa de juros diminui, o que definitivamente permitiria, desde que fosse o aluguel do preço de mercado.

Veja-se basicamente cobrindo seus custos anuais contra o aluguel com perto de um zero líquido e ter que pagar seu próprio dinheiro para pagar a hipoteca. Não é o melhor lugar para se estar, mas definitivamente não é o pior. Se ela não espera que os preços subam, ela precisa reduzir suas perdas.

Concordou que Tina está em fluxo de caixa negativo e isso é um investimento terrível, mas ela poderia estar tecnicamente apertando um pequeno lucro. Meu entendimento é que você apenas baixa os juros sobre o pagamento da hipoteca; a quantia que vai para o princípio da hipoteca é tributada como receita.

Supondo que cerca de metade do pagamento da hipoteca vai para juros e a outra metade vai princípio, seus custos dedutíveis são:

$ 700 de juros + $ 150 + $ 100 + $ 320 = $ 1270.

Ela está arrecadando US $ 1300,00 de aluguel, portanto, US $ 30,00 de lucro por mês. Terrível, mas tecnicamente lucrativo. Supondo-se que ela ponha os 30 dólares para o princípio da hipoteca, ela terá de desembolsar outros 670 dólares do próprio bolso para cobrir a diferença. Porque isso está acontecendo com o princípio da hipoteca, não é um "custo". Supondo que a propriedade não perca mais valor, e que ela não esteja submersa agora, ela deve ser capaz de recuperar esses pagamentos quando vender o lugar.

# 14 CanadianOne em 01.22.18 em 5:20 pm.

a mais recente pesquisa sobre acessibilidade de moradias de mais de 280 mercados em todo o mundo.

Eu nunca entendi matemática de condomínio. Afinal, se alugar apartamentos era tão lucrativo, por que os RIETs não iriam comprá-los todos para a esquerda e para a direita?

Em vez disso, o modelo depende de depósitos pré-compra para ajudar a financiar a construção e, em seguida, descarregar as unidades para muitas empresas menores e indivíduos, que esperam capitalizar o preço que sobe após a conclusão dos condomínios. É uma especulação arriscada. Claro, se o condomínio sobe você pode fazer várias vezes seu depósito em pouco tempo, mas se ele cair você é SOL.

Um prédio de aluguel adequado é de propriedade exclusiva de uma empresa ou indivíduo. Dessa forma, você não precisa se preocupar com pranchas de condomínio e a balança está lá para pagar pela manutenção e também pelos brutamontes para garantir que o aluguel seja cobrado e quaisquer danos sejam pagos. A última coisa que você quer fazer é possuir uma unidade em um arranha-céu de vários andares. Você terá quase nada a dizer sobre qualquer coisa.

Você esqueceu a parte onde você pode deduzir os juros pagos à sua hipoteca, bem como as despesas razoáveis ​​(reparos, publicidade, etc) da renda de aluguel. Isso reduz significativamente a carga tributária sobre a receita de aluguel.

Dito isto, você está morto sobre o resto. Quase em nenhum lugar no Canadá é rentável manter uma propriedade alugada. Muitas pessoas que são bem sucedidas em alcançar fluxos de renda de propriedade de aluguel (em os EUA) cumprem a regra de 1% & # 8211; Se você não conseguir 1% do preço da propriedade no aluguel mensal, não estará ganhando dinheiro suficiente para justificar a locação.

Para piorar as coisas para o seu exemplo, não só ela está fluindo dinheiro negativamente em seu apartamento, mas ela também está perdendo o retorno esperado que seu pagamento, ainda que pequeno, poderia estar ganhando em um portfólio equilibrado.

Eu conheço alguns corretores de imóveis que promovem a escrita de perdas de aluguel contra a renda. Eles fizeram isso por vários anos e disseram que eu deveria fazer o mesmo antes de vender meu condomínio em Toronto no ano passado.

Existe uma "brecha" que permite que os corretores de imóveis perpetuamente cancelem as perdas de aluguel porque estão "no negócio"?

# 18 Toronto Tim em 01.22.18 às 17:29.

Pare de falar sobre médias. Faça um tour pelos bairros em Toronto e você verá que a renda suporta os preços em Toronto. E, de fato, quando você compara preços em relação à renda, Toronto pode ser um lugar fantástico para se viver. A MLS tem todas as informações que você precisa para se informar como eu compartilhei abaixo.

Toda essa conversa sobre a renda média em Toronto e os preços médios das residências é delirante.

A pessoa média em Toronto não pode pagar uma única casa isolada. E definitivamente não em um bom distrito escolar perto do metrô. Não há muitas dessas casas e só serão reservadas para o sucesso.

Vamos dar uma olhada em alguns dos bairros mais valorizados e nas receitas que apóiam esses lares, conforme mostrado abaixo.

E lembre-se, isso é apenas renda declarada, isso não inclui ganhos de capital ou renda de dividendos em T4's.

O takeaway é, Toronto é uma cidade onde você pode fazer grande. E, se você fizer isso, os preços da casa não estão fora do alcance em relação ao que você pode ganhar. Em que outras cidades as pessoas podem fazer esse tipo de dinheiro e somente com renda de 4 a 5 vezes para viver nos melhores bairros?

Em vez de esperar preços mais baixos, seu foco deve ser aproveitar o que Toronto oferece e ganhar mais dinheiro. Talvez os leitores deste blog possam bater em algumas das portas desses vizinhos e perguntar como eles fizeram isso. E talvez eles possam aprender como alguém que mora em Lawrence Park está ganhando 1,3 milhões todos os anos aos 41 anos de idade?

E se você não conseguir fazer sucesso na cidade, mude para Ottawa. Você pode trabalhar para o governo, cobrar uma pensão, e voltar e alugar em Toronto e talvez, um dia, escrever um blog.

Não mais choramingar e esperar. Saia e faça acontecer.

Renda média & # 8211; 932k / ano.

Idade mediana & # 8211; 39 anos.

Renda média & # 8211; 650k / ano.

Renda Média & # 8211; 736k / ano.

Renda média & # 8211; 1,3 milhões / ano.

EXPOSTA: Bancos canadenses pegaram tarifas de equipamento! - O que você precisa saber.

Por que você está lendo esse crud? & # 8211; Garth.

Estatísticas interessantes aqui & # 8211; mostra exatamente o que você está dizendo garth & # 8211; agora é um mercado de compradores.

Qual é a sua previsão para o mercado imobiliário de Montreal?

# 21 A Vingança do Locatário! em 01.22.18 às 5:42 pm.

& # 8220; Nunca subestime o poder da negação & # 8221;

Scene from American Beauty (clipe estranho, é uma série de fotos com o som colocado no topo):

Aluguel de matemática não funciona, mesmo em Winnipeg. Um colega de trabalho (engenheiro) está pensando em sair de seu aluguel nesta primavera. Convenceu-se de que comprar um condomínio é o movimento certo neste momento. Ele usa os argumentos padronizados, não-matemáticos e não-matemáticos para explicar por que é melhor comprar agora:

& # 8220; Se você alugar, você está apenas jogando dinheiro fora, mas se você comprar, pelo menos, você tem alguma coisa. & # 8221;

& # 8220; O aluguel é aproximadamente o mesmo que a hipoteca. Tudo o que você paga além disso são as taxas do condomínio e o imposto predial. & # 8221;

A matemática atual:

Condomínio aluga por US $ 1000 / mth = US $ 12.000 / ano.

Condomínio é vendido por US $ 275.000. Os juros a 3% são de US $ 8.250 / ano.

Taxas de condomínio = US $ 342 / mês = US $ 4.104 / ano.

Imposto sobre a propriedade média em Winnipeg = valor da propriedade x 1,3% = $ 3.575 / ano.

Custo total anual para possuir = $ 15.929.

(excluindo o custo de oportunidade de qualquer participação no condomínio ou futuras avaliações especiais *)

* A taxa de condomínio parece muito baixa considerando o que inclui: Calor, Hidro, Manutenção de Área Comum, Seguro, Paisagismo, Gestão de Propriedade, Água. Não sobrou muito depois de pagar por todas as coisas que construir um fundo de contingência, o que deixa os proprietários em maior risco de avaliações especiais no futuro.

Quando você não consegue fazer os engenheiros fazerem as contas quando se trata de finanças, como o restante da população deve passar pela vida?

Os preços dos aluguéis sobem no GTA em meio a baixa vacância, feroz concorrência entre inquilinos & # 8230;

Isso tem que aumentar a pressão de venda.

Quando as pessoas perceberem que sua unidade de locação é negativa para CF e seu valor patrimonial estiver caindo, será "Katie barra a porta" para descarregar os imóveis.

Olhei para as vendas de Zolo anteriores em Toronto em torno de uma baixa de 13 meses! E o gráfico está 45 graus abaixo. Feio!

Eu tenho dois permabulls do Home Capital no meu Facebook que, sem dúvida, vão me dizer como estou errado hoje, depois de ver aquela barra verde gigante hoje.

Se ela paga US $ 1400 / mês de juros, em um empréstimo de US $ 361k (95% do preço de compra), então ela precisa encontrar um credor melhor.

$ 1400 / m é $ 16,8K por ano para empréstimo de $ 361k:

Ela está pagando quase 4,7% de juros.

Então, por que ela está pagando uma taxa de publicação? & # 8221;

(Como um aparte: todo o fenômeno das taxas postadas aqui no Canadá é uma farsa. Quem já pensou que isso era uma boa ideia? Taxas fictícias?)

Então, sim, $ 1400 mensais provavelmente inclui o pagamento do princípio, o que significa que ela pode não estar perdendo dinheiro.

Você esqueceu de adicionar os custos de fechamento e o prêmio CMHC ao montante hipotecado. Também seu calc está errado. Mas obrigado por cair dentro. & # 8211; Garth.

UUP foi interessante hoje.

Tem sido uma espécie de estagnado nas últimas sessões, mas não é bottoming.

Os osciladores do Momentum Oscillator do Stockcharts estão permanentemente apontados para baixo, sem sinais. E a barra semanal desta semana começa em vermelho.

Espere mais perdas no USD! Por quanto tempo o mercado acionário dos EUA pode subir divergindo desse jeito?

Tempos muito bizarros.

# 26 Para aqueles prestes a fracassar. em 01.22.18 às 5:51 pm.

Neve cor-de-rosa que cai em Vancôver ocidental.

Esta versão de 60 foi escolhida para 4.35 em fevereiro de 2017.

Agora perguntando 4.48 depois de tentar obter 4.98 e 4.88.

Prestes a se tornar real para esses caras & # 8230;

3050 Spencer Drive, Oeste de Vancouver, BC, V7V 3C7.

Flop For Fox Fund & # 8230;

A realidade é menos que você tenha pelo menos 50% de participação no capital.

propriedade que você pretende alugar está em uma situação negativa, a menos que você possa esperar valorização excepcional no valor da propriedade. desde que o navio partiu daqui para o futuro previsível, particularmente no GTA e no YVR, os senhorios principiantes e os speckers estão prestes a receber uma lição dispendiosa.

No que diz respeito à isenção fiscal, é melhor que você esteja relatando um lucro tributável & # 8220; & # 8221; dentro de 3 anos.

# 28 Bem-vindo ao Slurrey em 01.22.18 às 5:59 pm.

Matemática alugada & # 8230; & # 8230; & # 8230; & # 8230; Eu tinha o argumento de aluguer de matemática antes com aqueles em YVR, a forma como as pessoas o vêem aqui é ... quem se importa se o seu fluxo de caixa não for positivo, a locação compensa os seus custos, a apreciação do preço supera suas perdas na renda & # 8230; & # 8230; & # 8230; & # 8230; até agora eles estão certos.

# 29 SoggyShorts em 01.22.18 às 6:03.

# 14 Nonplused em 01.22.18 em 5:23 pm.

Eu nunca entendi matemática de condomínio. Afinal, se alugar condomínios era tão lucrativo, por que os RIETs não iriam comprá-los todos para a esquerda e para a direita?

A única diferença entre um condomínio e um apartamento é quem o possui. Se alugando um apartamento fazia sentido, então não deveria haver mais apartamentos sendo construídos?

# 30 Smoking Man em 01.22.18 às 6:04 pm.

# 8 banido prematuramente canadense Millenial em 01.22.18 às 17:10.

Bahaha Este post deu efeitos visuais assustadores. É por isso que estou rindo tanto.

Eu vejo o gato selvagem preso na lata de lixo gritando e tentando arranhar a saída. Mas não pode. Indo ainda mais louco e mais insano.

Agora cachorros, seguimos regras.

# 2 LivinLarge em 01.22.18 em 4:50 pm.

“E quem decide que período razoável de tempo seria para permiti-los? Acho. Não é o contribuinte. ”… Nunca é.

As surras continuarão até que a moral melhore.

:) Eu amo esse blog!

Tão bom & amp; quieto aqui!

E no tópico & # 8230; obrigado G por tornar muito mais fácil percorrer os comentários para encontrar os bons.

Eu não sei se é aplicável, mas costumava ser que as empresas iniciantes de pequenas empresas tinham 3 anos para mostrar um lucro antes que o CRA começasse a examiná-las para ver se quaisquer perdas deduzidas ainda deveriam ser permitidas. No caso de Tina, o fato de ela ter mudado de & amp; convertido seu antigo domicílio para uma unidade de locação não pode ser visto em uma luz favorável pelo CRA na medida em que dedução de quaisquer perdas estão em causa. Mesmo que eles a deixem na frente, com base no post de Garth, essa decisão pode ser rescindida & amp; então presumivelmente Tina estaria então no gancho de impostos para todas aquelas perdas não permitidas. Dada a perda mensal, poderia ser melhor para ela vender o que pudesse, em vez de continuar a subsidiar outra pessoa para morar em seu lugar, em vez de morar lá sozinha.

Lol & # 8230; os canadenses estão anos luz atrás de nós australianos neste jogo & # 8230; tempo para o Canadá para implementar engrenagens negativas & # 8230; quando isso insanidade habitação final & # 8230; .. improvável que seja um final feliz & # 8230;

Dê uma caminhada amigo! Eu gosto do meu trabalho médio do jeito que é! Eu entro no escritório. Embaralhe alguns papéis. Faça o login no wi-fi corporativo antes do almoço para assistir a cerca de 15 minutos de pornografia. Vá almoçar. Retornar ao escritório e embaralhe mais alguns papéis. Fale com o chefe por cerca de 15 minutos. Faça o login no wi-fi para uma última rodada de pornografia para o dia e depois vá para casa.

Desculpa, amigo, mas eu estou esperando por moradia para me encontrar do meu jeito e não o contrário.

Existe uma lacuna que permite anular a renda. É chamado ignorância & # 8216 ;. Não funciona sempre. Só funciona quando o CRA é ignorante. Quando o CRA se apega, alegando ignorância & # 8217; nesse ponto tem pouco ou nenhum efeito.

Agora, se você se auto-incorpora, e se chame de "Landlord Inc. & # 8217; você paga muito menos em impostos, baixa despesas contra receitas (corporativas), amortiza custos e retém ganhos de capital quando vende.

# 37 InvestorsAmigo em 01.22.18 às 6:23 pm.

Short Home Capital Contra Buffett LOL.

# 221 Ian em 01.22.18 às 2:34 pm disse:

Ooooh cachorros, eu já esquivei uma bala!

Alguns de vocês podem se lembrar do meu post em outubro, quando eu tentei usar o Home Capital. Scotia não me daria nada.

Tentei sexta-feira passada novamente, não consegui nenhum. Big green bar hoje !!

Eu ainda acho que vai se transformar em uma pilha de cocô de cachorro, eu só não vou estar lá para o declínio.

Ian, eu acho que você faria bem em se lembrar da Regra Número Um & # 8221;

& # 8220; Sempre Suponha que Buffett esteja correto & # 8221; e Regra número dois:

Eu disse a este blog em junho que, assim que Buffett entrou em cena, a Home Capital estava completamente fora da floresta. Home Capital sofreu uma crise de confiança em maio. Assim que Buffett entrou, a Home Capital recebeu a estrela de ouro absoluta de aprovação. O imprimatur de Buffett significava tudo.

Lembre-se também que uma coisa é prever que uma ação vai cair e simplesmente se recusar a investir. Na verdade, a redução de uma ação é muito diferente e drena uma tremenda quantidade de energia, pois você ficará obcecado com posições curtas. Há muito dinheiro a ser feito com muito menos estresse do lado das coisas.

Apostando contra Warren Buffett? A sério?

# 3 Ass em 01.22.18 às 4:51 pm.

Esse cão não é feio. Isso é fofo.

Esse cão não é bonito. Isso é feio.

A Suprema Corte da Pensilvânia derruba o mapa do Congresso no caso Partisan Gerrymandering.

O tribunal estadual - em uma breve decisão de duas páginas - ordenou a elaboração de novos mapas do Congresso no próximo mês.

NO SUPREMO TRIBUNAL DE PENSILVÂNIA.

deve ser redesenhado antes das eleições deste ano.

Cinco dos sete juízes do tribunal concordaram com a Liga das Mulheres Votantes e outros que apresentaram o caso alegando que o mapa é um gerrymander partidário inconstitucional. Sob o mapa, apenas cinco dos 18 distritos eleitorais do estado são representados por democratas - apesar do fato de que os democratas registrados superam os republicanos no estado de balanço.

Nunca pensei que eu diria isso, mas agradeço-lhe CRA para rastrear aqueles que ganham renda de alugar propriedades & # 8221;

No ano passado, um dos 3 andares de condomínios de 45 andares sendo construídos na Bloor e na Islington & # 8230; .. vendidos em uma semana & # 8230;. Aproximadamente 500 unidades em uma torre. O vendedor me disse que muitas foram várias compras. Vendido antes do novo controle de aluguel para edifícios mais novos. Também recepcionista dificilmente poderia falar inglês.

Espere até que estas 3 torres e mais 2 apenas alguns quarteirões estejam prontos para ocupação em meados de 2019.

Sim, como você disse Garth 50% são especuladores e vai no mercado ao mesmo tempo, o que significa 1.500 unidades dentro de alguns blocos.

Com o controle de aluguéis em todas as unidades de aluguel, graças ao governo de Ontário, todos os proprietários tratados de forma igualitária ficarão muito menos inseguros sobre suas despesas financeiras para o futuro.

Os inquilinos podem dormir mais facilmente.

Os especuladores não sabem o que fazer ", como você eloqüentemente observou hoje Garth.

# 41 Stan Brooks em 01.22.18 às 18:35.

Dow up 142 ponto, TSX para baixo em um dia em que tanto o ouro eo petróleo estão em alta?

# 42 Happy Housing Crash Everyone! em 01.22.18 às 18:37.

Midnights em 01.22.18 em 5:43 pm.

Os preços dos aluguéis sobem no GTA em meio a baixa vacância, feroz concorrência dos inquilinos ...

Lol pura SHYSTER ficção. Fluxo de caixa negativo = lotes de produto.

# 43 crossbordershopper em 01.22.18 às 6:42 pm.

batida nflx, feita 10 mil. olhando lam para quarta-feira. batida. Devemos falar sobre as ações, eu não entendo quem se importa com Tina, então ela quebra mesmo no fluxo de caixa, e ela está basicamente pagando por seu condomínio. o arrendatário paga os custos operacionais em condomínio, seguro, financiamento, reparos (todos sabemos que estão chegando e que devem ser amortizados).

então se o condomínio não aumentar de valor, o jogo é bs. nenhum lance de alavancagem no ativo.

ela deveria ir trabalhar ao vivo para todos os canadenses, o sistema no Canadá é sobre as 100 famílias que controlam tudo o governo, o banco as companhias de seguros. apenas aceite. É uma exceção para ganhar dinheiro no Canadá, o sistema não está configurado para você ter sucesso. o que você acha da América?

Isso não se aplica a suítes porão ilegal aqui. Nós não pagamos impostos sobre essa renda. Temos muitas dessas suítes ilegais e ninguém se importa. Ajuda a pagar US $ 1 milhão + hipotecas.

Ainda crescendo aqui. Não B20, nenhum imposto estrangeiro, sem taxas de juros aqui.

# 36 investidores, er 'friend'

Umm não só Warren Buffett foi meu primeiro herói de investimento nos anos 90, eu fui a sua reunião anual em Omaha em 1997 e li todos os seus relatórios anuais e todos os livros sobre ele.

Se você tivesse feito o mesmo, você saberia que ele estava errado sobre MUITAS coisas, e ele é muito franco quando ele é. Você não sabe que ele perdeu um bilhão na US Airways? Que, a propósito, levou-o a fazer uma piada:

P: Como você se torna um milionário?

R: Torne-se um bilionário e compre uma companhia aérea.

Essa piada é épica!

Eu não sei como ele teve a ideia de investir no subprime canadense, mas ele estará bem errado. E você também ficará se estiver muito tempo com HCG.

# 46 earthboundmisfit em 01.22.18 às 6:48 pm.

@ 34 Meus termos & # 8230; & # 8230; você parece um funcionário público (des) típico.

A feia realidade ". Chamou isso aqui meses atrás:

As grandes ligas, garotos.

# 48 Para aqueles prestes a fracassar. em 01.22.18 às 6:51 pm.

# 43 Mike em 01.22.18 às 6:44 pm.

Isso não se aplica a suítes porão ilegal aqui. Nós não pagamos impostos sobre essa renda. Temos muitas dessas suítes ilegais e ninguém se importa. Ajuda a pagar US $ 1 milhão + hipotecas.

Ainda crescendo aqui. Não B20, nenhum imposto estrangeiro, sem taxas de juros aqui.

Mike, alguma luz lendo para você esta noite & # 8230;

(btw este mês quebrou novos recordes no meu capô 2,5 para 33 ′ lote e 2,2 para 25 ′)

Vendido 1.07 Pago 1.14 Perda, Neve Cor-de-rosa.

Vendido 1.555 Pago 1.67 Perda, Neve Rosa.

Vendido 1.17 Pago 1.24 Perda, Neve Rosa.

Vendido 1.215 Pago 1.18 Perda após despesas. Pink Snow.

Vendido 2.050 Pago 2.01 Perda após despesas. Pink Snow.

Vendido 3,76 Pago 3,53 Pink Draw.

Vendido 1.995 Pago 1,97 Perda após despesas, Pink Snow.

Vendido 1.775 Perda paga 2.01, neve cor-de-rosa.

Vendido 2.885 Pago 2.93 Perda, Neve Cor-de-rosa.

Vendido 0.715 Pago 830 Perda, Neve Rosa.

Vendido 1.587 Pago 1.51 Perda após despesas. Este teve duas renovações. Pink Snow.

Obrigado por fazer isso Broadway.

E então eu acho que posso ver o padrão, você não pode?

Até o mais barato da Pearkes Pl teve uma perda decente.

Quem é grato por esta informação, por favor faça uma doação na Fundação Terry Fox.

Flop For Fox Fund & # 8230;

Que tal deixar o SCM colocar apenas uma palavra ou frase?

Dessa forma, podemos obter apenas pequenas doses do gato na lixeira & # 8221;

Dito isto, você está morto sobre o resto. Quase em nenhum lugar no Canadá é rentável manter uma propriedade alugada. Muitas pessoas que são bem sucedidas em alcançar fluxos de renda de propriedade de aluguel (em os EUA) cumprem a regra de 1% - se você não pode obter 1% do preço da propriedade em aluguel mensal, você não está fazendo dinheiro suficiente para justificar aquela propriedade de aluguel. & # 8221;

Essa matemática diz que a casa típica da minha região que é vendida por US $ 1.250.000 deve ser alugada por US $ 12.500 / m.

Boa sorte alugando para isso. Eu nem pago um quarto disso. Essa linha guia de 1% não pode estar certa.

Mas esse é o problema, o preço da casa é muito alto. Mais do que o triplo, o que deveria ser. Como isso pode se tornar novamente equilibrado, onde o investimento corresponde à renda que corresponde à renda do trabalho. Tudo parece desequilibrado.

# 51 InvestorsAmigo em 01.22.18 em 6:58 pm.

Não me teste em Warren Buffett.

# 44 Ian em 01.22.18 às 6:45 pm respondeu:

# 36 investidores, er 'friend'

Umm… não só Warren Buffett foi meu primeiro herói de investimento nos anos 90, eu fui a sua reunião anual em Omaha em 1997 e li todos os seus relatórios anuais e todos os livros sobre ele.

Se você tivesse feito o mesmo, saberia que ele está errado sobre MUITAS coisas, e ele é muito franco quando ele é. Você não sabe que ele perdeu um bilhão na US Airways? Que, a propósito, levou-o a fazer uma piada:

Bem, eu nunca disse que Buffett nunca está errado. Mas eu digo que uma boa regra é sempre ASSUMIR que ele está certo. As probabilidades estarão do seu lado.

Você é inteligente para ser um devoto de Buffett.

Eu estava um pouco mais tarde do que você e participei da reunião em 2003. Eu tenho todas as cartas dele de volta a 1957 em um fichário, bem manuseado.

Ele fez piada sobre suas apostas de avião. Eu acredito que se você ler as cartas anuais de novo, você verá que, embora ele tenha apostado na sua aposta preferencial nos EUA, ele finalmente se recuperou e saiu lucrando. Mas você está certo, claro, que ele se tornou bastante negativo em companhias aéreas. Absolutamente ele está errado às vezes. Mas não o faça apostar.

Fico feliz em saber que há outros devotos de Buffett no Conselho aqui.

Aluguel de matemática. Diga, Brad Lamb mencionou algo disso?

Eu não sei o que Brad Lamb está mencionando nos dias de hoje. Ele me bloqueou anos atrás quando eu twitei que eu prefiro fazer malabarismos com motosserras de corrida do que investir em seu mais recente desenvolvimento de condomínio.

Vamos dar uma olhada e ver como esse sindicato funcionou:

# 53 InvestorsAmigo em 01.22.18 às 7:00 pm.

Ian, certamente você reconheceu que minhas duas regras de Buffett são um jogo de palavras sobre suas famosas duas regras:

1. Não perca dinheiro.

2. Não esqueça a regra número um.

Como outros apontaram, ela provavelmente não está investindo em uma perda fiscal. Ela é definitivamente um fluxo de caixa negativo, o que é um lugar horrível para ser um investidor de renda. Daí porque os profissionais ficam de fora de unidades de condomínio residencial e é simplesmente um espaço para proprietários de bricolage para colocar o patrimônio suado em seus fundos de aposentadoria.

Ela está na posição extremamente invejável de ser tributável enquanto perde dinheiro. Haverá muitos tolos inocentes como ela nos próximos anos, já que as pessoas que não podem fazer contas gastam centenas de milhares (se não milhões) de dinheiro do banco em lugares que não podem pagar (mas todos os profissionais insistiram que podiam)!

As a side note, if I were renting out at an honest fair market value and taking a loss, I wouldn’t worry to much about the CRA disallowing my losses in the first few years. Courts have held that as long as you can expect to turn a profit eventually (in nominal, not real, dollars), the losses would be allowed. If she has to get into the minutia with a CRA auditor about it, it will be quite clear that as the mortgage gets paid down there will be a lower interest expense and, in the long run, the property will turn a taxable profit.

Of course, she will one day despise the fact that she could have done so much more with her money than “earn” a trivial taxable profit (in nominal dollars) whilst actually losing money when she factors in the opportunity cost of what she could have done with that money (passively invested in the open market and earn 5-7% a year in real dollar terms)!

She’s made her bed now though. Selling costs probably make it a bad call to sell in this market. Can’t imagine making a bad investment AND having to stand by it due to high transaction costs. At least it only costs me $5-$10 and 5 minutes to get out of the bad positions I put myself in!

2 bedrooms in Vancouver rent for $2600/ month.

Sounds like a liberal voting millennial paradise. Leave work at 3:30. Take Friday’s off to drive to the cottage. Sit on the dock with bearded friends eating children’s cereal, drinking PBR, and smoking hard to find afghani cigarettes (because they are hard to find and are super cool) complaining that work doesn’t have any meaning. Then beg the government to do something to make a house near trinity bellwoods affordable as prices are craaaazy.

#21 Midnights on 01.22.18 at 5:43 pm.

Fake news, Garth says there’s lots in his town.

#58 InvestorsFriend on 01.22.18 at 7:14 pm.

Ian, I’ve been a bit over the top in my responses to you. I should not do that.

The bigger question is why would anyone buy a condo in Calgary or Edmonton. I take it oily city is code for those two places.

It’s totally illegal, but most people in the Vancouver area don’t even declare their rental income so loss provisions wouldn’t even come into play. It’s just cash money under the table.

Also it’s not policy or law, but generally CRA gives you three years of losses as practice….after that it’s game on, but I also saw CRA get on someone I knew with a massive rental loss after only one year in the red since they decided there was never a prospect of a gain within the next 10 years at least.

As with anything in life, govern yourself accordingly, and if you’re not declaring rental income all it takes is a pissed off tenant to report you to CRA when you try and hold their damage deposit for a lame reason :)

As an Gen Xer with Boomer parents and post-secondary age millennial children, I think inter-generational disparities are going to be a key issue over the next 20-30 years. This will particularly be the case as the Boomer cohort shrinks, and the Millennials move into their prime voting years and fully understand that their taxes are higher and societal returns lower than those experienced by previous generations.

Obviously it’s Garth’s blog, but for me having some “angsty” Millennial input is useful to avoid this being a Boomer/Xer echo chamber (possibly after some time on the bench for bad behaviour to encourage better manners in future :-)

Three words for real estate investors:

#63 crowdedelevatorfartz on 01.22.18 at 7:24 pm.

@#8 Permanently Banned Millenial.

If you’re losing money renting to a good tenant, what happens when you get a bad one? I was landlord for 25 years, and trust me, good tenants are hard to find, just ask any landlord.

Good informative post today Garth, I learned a few things regarding on what can and cannot deduct on renting out a suite.

& # 8221; A lógica é simples. If you invest in something to create taxable income (a profit) then the CRA will let you deduct costs which exceed that income for a reasonable time – until profitability is achieved. If there’s no expectation of profit because no tenant will pay enough to carry your condo, ever, then tough. The CRA has every right to (and may eventually) disallow the losses/expenses you wrote off against your salary.”

What if it’s not a sideline rental, but a small business, like I dunno, blueberries? It takes massive investment in the first year, then growth over seven years before a crop. All with constant maintenance, water, fertilizer. Might not show a profit for 10-15 years. But blueberries are a food, and the payoff in health, nutrition benefits the greater good. How long can a small business write off expenses with the expectation of profit many years out?

turner math: where $0 of your mortgage payments is considered to be building you equity.

Sure the cost to operate the rental is $700 more than the incoming cashflow, but at one point the owner will sell and recoup equity.

Paying back debt is paying back debt. Meanwhile the losses are real. & # 8211; Garth.

#68 Prematurely Banned Canadian Millenial on 01.22.18 at 7:44 pm.

#69 Bitcoinnaire on 01.22.18 at 7:46 pm.

“Investment” condos are such a tragic mis-allocation of resources. Who ever gave Canadians the idea that this was the way to proceed in the first place?

Stories of wild capital gains during that short run-up in values, I’m sure. The bear is back now.

$700.00 per month! Thats almost my entire monthly beer budget. Glad I rent.

If half of canada is writing off their rental losses, wont that affect government tax revenue in a negative way?

Forget Buffet, there are actually 10 types of people in the world. Those who understand binary and those who don’t.

A proper rental building is owned entirely by one company or individual. That way you don’t have to worry about condo boards and the scale is there to pay for maintenance and also thugs to make sure the rent is collected and any damages are paid for. The last thing you want to do is own one unit in a multi-story high rise. You will have close to no say about anything.

No rational argument can change their beliefs.

Delusion is self inflicted and self destructed.

They might understand better after they realize they were foolish.

Or maybe not. History has a funny way to repeat itself.

Some things never change.

#17 Toronto Tim on 01.22.18 at 5:29 pm.

By any chance are you the current president of treb, Tim? Only a know it all realtor would post something like this.

Novamente & # 8211; I will point out you are referencing high net worth neighbourhoods, rich outliers when discussing real estate.

Take a look in the rest of the gta where $90k combined income families have been purchasing $750k – $1M ‘starter’ properties. Look at Brampton, Mississauga, Pickering, Whitby.

It is more than outrageous you would point to very rich neighbourhoods as indicators of the overall market health and market participants.

Do some more research. Get back when you have a clue.

#74 Cca question on 01.22.18 at 8:11 pm.

Anyone have insight on claiming cca on the building portion of a rental property?

Give it up Garth, only house matters in Canada. Even if you lose money you win. The best thing is that you don’t have to tell friends and family that you actually are losing money in RE because they will disown you.

Just buy and then if you have doubts, ask any other local, then buy. Simples. You can not lose money in real estate. Deixe isso para trás.

Money means jack. Debt and house are awesome. You simply can’t lose. Ask any mortgage broker, real estate agent or nice lady at the bank who wants to enslave you to 25+ years of debt servitude and they will tell you the same…duh!

Buy and if you can buy a few negative cash flow rentals because..this beast can not be tamed. You will never lose.

Tell me how my advise is in 6 years:-) Wait, tip me in BTC:

Buying for price increases is gambling, investors buy cashflow and ROI.

I stopped buying rentals 5 years ago when returns and cap rates became to low. The properties I still own were all purchased only if the return on investment (down payment) was a minimum of 15%. On top of that was reduction of principal, any increase in value is a bonus. This is the way most older investors I know did it. If you buy this way you will not loose. Other wise its a gamble – hard to find any deals these days.

#77 Andrew Woburn on 01.22.18 at 8:24 pm.

#53 Taxdude on 01.22.18 at 7:01 pm.

As a side note, if I were renting out at an honest fair market value and taking a loss, I wouldn’t worry to much about the CRA disallowing my losses in the first few years. Courts have held that as long as you can expect to turn a profit eventually (in nominal, not real, dollars), the losses would be allowed. If she has to get into the minutia with a CRA auditor about it, it will be quite clear that as the mortgage gets paid down there will be a lower interest expense and, in the long run, the property will turn a taxable profit.

On balance, based on my experience in the tax trenches, I would agree with Taxdude on this point.

Most of the people I ever worked with at CRA were average middle class joe’s with no burning desire to crucify ordinary people and had far more rabbits to chase than some hapless landlord with three years of losses. Of course, some weren’t, which can turn things into Russian roulette for taxpayers.

The situations that were more interesting were like the wealthy car dealer who was writing off his hobby farm and exotic cattle against his dealership income. His prospects of net income within the relevant century were approximately zero which turned out to be equal to his deduction.

Maybe I’m just dense, but I really don’t see how a tax write off turns money loosing properties into a win. Suppose you were loosing $700 per month and the CRA allowed you to claim all of that against your income. E daí? At best, the CRA is subsidising you roughly $350 per month, but you’re still loosing $350 per month. The property is still a blood sucking albatross. The CRA has simply slowed the haemorrhaging.

#79 Canadian Millenial Can't You Just Post Once a Day? on 01.22.18 at 8:27 pm.

why do you have to dominate the thread? Actually if I was the moderator I’d have a rule. 2 posts a day, not more.

#80 Capt. Serious on 01.22.18 at 8:29 pm.

Today’s post could have been titled Morons 2.0.

“Dow up 142 point, TSX down on a day in which both gold and oil are up?”

Yup, the TSX is so terribly hated. Eu amo isso. Keeps it dirt cheap for me to continue buying hand over fist.

A disaster for me personally would be if the TSX rapidly went to its fair value which I calculate to be somewhere between 30 and 40,000 based on long-term historic trendlines and the likely trajectory of interest rates in Canada.

What Tina described is the slow and ugly death of Canada housing bubble.

We should rejoice.

Tina should sell, take whatever she can get then massively short HCG MIC and TSLA on a 2 years time horizon. She will come out VERY rich out of it.

Do babes have guts for something like this ? Eu duvido. Not many guys have… and regarding RE, babes more than men (yes..the sexist hard truth) are hopeless.

Who the heck cares about Brampton, Pickering and Whitby?

Glorified garbage dumps of builder grade quality homes with postage stamp backyards. Why would anyone want to spend 90 mins in traffic each way to live in those areas?

Even more important in this market to distinguish the affordability of homes at the neighborhood level. The neighborhoods in the best areas are not at the same risk level as Pickering. The top neighborhoods are at 3-5x income. That is very low for mega cities. it will take a lot for these hoods to decline, which even Garth isn’t forecasting.

So if you wait for a market crash you might be able to buy a home in the burbs at a discount. But, then you may have waited 5-10 years, and in the end, you live in a particle board house in the middle of nowhere.

Though by then the driverless car will shorten the commute?

Anyone making claims as dumb as you has to be a realtor. Congrats on cherrypicking some of the most balling hoods in the GTA. Mind as well throw in downtown Oakville and Forest Hill while your at it!

Using your stats, if I look at hoods with 1.2-1.8 Million detached, you see average household income of 75k up to 140k was the highest I found in a quick search.

The hoods you picked have very few homes, so one person reporting $5 Million/year completely skews the average up. My old CEO lives in Baby Point, probably the reason the average is so high – what is the median old Tim? I’d say closer to 400k for Baby Point, lots of Drs and low level execs.

The fact of the matter is people with 100k combined income are carrying 700k mtgs all over this city and especially in the burbs. If you make $227k or more as an individual you are in the top 1%, you have cherrypicked the top .25%.

#8 Prematurely Banned Canadian Millenial on 01.22.18 at 5:10 pm.

He/she gets an “A” for persistence. Reminds me of my older son when he was a child. Would keep pushing until he got a yes answer. On the other hand, it was that same persistence that resulted in him becoming a very successful businessman.

#86 crowdedelevatorfartz on 01.22.18 at 8:59 pm.

@#78 Cant you just post once a day?

“why do you have to dominate the thread? & # 8221;

In this unfair, dog eat dog, globalist society.

We havent prepare the youth to “lose” every once in a while.

“Participation Awards for everyone ” instead of “Sorry, you came fourth go sit over there and clap for the winners when they get their medals…” has created a generation of entitled whiners that expect kudos for failure….

Nah Let Screwed Canadian Millenial post again and again and again until their typing fingers bleed….

Banned is banned.

Eventually they’ll figure it out.

#87 Smoking Man on 01.22.18 at 9:05 pm.

#67 Prematurely Banned Canadian Millenial on 01.22.18 at 7:44 pm.

Is this what you were trying to say.?

This is reassuring, All is good :)

My bank RBC teller said:

& # 8221; You’re pre approved for a$5,000. interest free (for one year) loan to buy an RRSP.”

There it is folks: our banks are subsidizing tax avoidance with impunity, something the CRA site said they were ‘fighting globally’

#90 Ace Goodheart on 01.22.18 at 9:13 pm.

Re: #66 BTTT on 01.22.18 at 7:44 pm.

“Sure the cost to operate the rental is $700 more than the incoming cashflow, but at one point the owner will sell and recoup equity.”

Ok cool. Works for me. So you give me $1700.00 per month for 25 years. I’ll charge you $700.00 per month as a “fee” for holding your money for you.

At the end of the 25 years, I’ll give you your money back, minus my $700.00 per month fee for holding onto it for you.

You’ve just been had by the condo industry.

All a new condo is, is a machine for moving money. The folks who build them don’t have a dime to their names. They pump the project, get enough pre-sales to get financing, and then the bank money flows in, the condo goes up, and the units are sold for more than the cost of borrowing.

The builder walks away with money that you borrowed to purchase. 25 years later when you sell, you get back what you put in, minus your $700.00 per month.

Builder gets paid immediately. You wait 25 years.

Builder makes a percentage (usually around 25%) off the total amount that they invested, OF OTHER PEOPLE’S MONEY, into the project.

In other words, they borrow, using the buyers as collateral, while pumping the project using your deposit money as advertising funding. They then pay everyone back and keep the difference.

You spend your own money, pay someone else $700.00 per month to hold it for you, and then have to wait 25 years to get it back (minus $700 per month).

Who do you think is winning here?

Oh and while this is all going on, the beautiful old city that you paid to live next to, is bulldozed to build condos. So you get to live next to a bunch of ugly concrete condo buildings and go out to dinner at chain restaurants that you can find in any suburban strip mall.

#91 Walter Safety on 01.22.18 at 9:14 pm.

CRA doesn’t have the manpower to police compliance .

CRA is hardly a model of efficiency. AI helps them flag taxpayers accounts but somebody has to do the work and apart from fraud they only go back 3 to 4 years .

So if you have rental losses as a individual which in the scheme of things are small ( say 10%) of your regular income, your still paying taxes. You have almost 0 chance of even getting an inquiry in that situation.

Likewise with interest deductibility, why pay the loan off?

Greater Fool wisdom is to not pay your non deductible home mortgage of but rather invest in a balanced portfolio so why not make a deductible interest expense perpetual?

Re: #76 – Thanks for your concurrence. I agree, the folks at CRA are looking to tick a box and if you aren’t up to some seriously egregious stuff they will let your piddly rental losses go.

Things they don’t like to see average joe do:

Rent out their condo at a loss to family.

Rent your Whistler condo on airbnb when you can’t make it up there and try to write off all your costs without allocating personal portions.

Renting below fair market value (even not to family… for example, friends or Syrian refugees).

Renting for anything less than FMV (unless rent control mandates it) is going to be an easy red flag for a CRA auditor to reassess.

I don’t think it serves Garth’s readers to take an overly conservative position on their genuine rental losses. Sometimes markets suck and that is part of being in the landlord business (even for lengthy periods of time).

#76 Andrew Woburn on 01.22.18 at 8:24 pm.

#53 Taxdude on 01.22.18 at 7:01 pm.

As a side note, if I were renting out at an honest fair market value and taking a loss, I wouldn’t worry to much about the CRA disallowing my losses in the first few years. Courts have held that as long as you can expect to turn a profit eventually (in nominal, not real, dollars), the losses would be allowed. If she has to get into the minutia with a CRA auditor about it, it will be quite clear that as the mortgage gets paid down there will be a lower interest expense and, in the long run, the property will turn a taxable profit.

On balance, based on my experience in the tax trenches, I would agree with Taxdude on this point.

Most of the people I ever worked with at CRA were average middle class joe’s with no burning desire to crucify ordinary people and had far more rabbits to chase than some hapless landlord with three years of losses. Of course, some weren’t, which can turn things into Russian roulette for taxpayers.

The situations that were more interesting were like the wealthy car dealer who was writing off his hobby farm and exotic cattle against his dealership income. His prospects of net income within the relevant century were approximately zero which turned out to be equal to his deduction.

#93 InvestorsFriend on 01.22.18 at 9:19 pm.

Burning Down The House.

It has been confirmed that today’s homes made of glue and wood chips burn very hot and fast.

I noticed it maybe 15 or 20 years ago when we had a lot of huge condo fires in Edmonton that burned extremely fast and completely.

In the 1970’s it seems to me that the only houses that burned down were really old and had stoves or fireplaces for heat.

In those days newer homes were made of 2 by fours with 2 by 12s for floor joists. Real plywood sheathing and plywood or tounge and groove for the roof and floors. Gyprock as we called it covered the walls and was a fire break. I just don’t remember any of these burning down although I am sure there were some.

Now, they burn so hot and fast that fire fighters often cannot enter to rescue anyone for fear of flashover and also falling through burned out floors. There is VERY little time to escape,

The gypsum board fire break is still there. But the house is totally open on the main floor (a concept I always hated given noise pollution) so no fire break there. All the wood including the joists are made of glue and woodchips. The furniture is also apparently far more flammable.

Anyhow, the fire chiefs want to mandate sprinklers and it is hard to disagree. With million dollar houses we can afford $20k or whatever for sprinklers and especially if it is less than 10k as it will likely be plastic tubing.

Also there was a foam coating available for the joists called “no-burn” but I don’t think it ever caught on.

#28 SoggyShorts on 01.22.18 at 6:03 pm.

#14 Nonplused on 01.22.18 at 5:23 pm.

I never did understand condo math. After all, if renting out condos was so lucrative why wouldn’t RIETs be buying them all up left right and center?

The only difference between a condo and an apartment is who owns it. If renting out a condo made sense, then shouldn’t there be more apartments being built?

People don’t realize why condos came to be in the first place. Back in the early 70’s when the NDP came into power and imposed rent controls developers said fine, if you want to do that, we will stop building rental properties. And that is exactly what happened. So now, we ended up with shortage of rentals and higher rents and then the government had to get into the business of building affordable housing which resulted in BC Housing and Development Corporation. Now developers started building condominium properties and in effect transferring all the problems associated with rental units onto the individual owners. I was one of those first purchasers as were some of my co-workers. At the time, the cost represented around 2.5 times my annual salary and the cost to service the mortgage, etc. was around 1/3 of my gross income (not family income). Very affordable. Today, not so much.

CCA, “Anyone have insight on claiming cca on the building portion of a rental property?”… I presume that you are aware of the effect that using the CCA has on your adjusted cost base and capital gains taxes when you sell? On the upside capgains are the incomes treated most favorably by our tax system, at least for now that is.

And who decides what a reasonable period of time might be to allow them? Guess. It’s not the taxpayer.

Bill Morneau uses the term ‘reasonableness test’.

With language like that one thing is sure: taxpayers will not be treated equally.

Yup, all true Wizened One. I’ve got a positive cash flow place, and I think it’s a sh*t investment. Bought it in e-town with the expectation of capital appreciation. The opposite has happened, so even though it coughs money every month the value has dropped 10% in 2yrs, so I’m behind. Plus when you weigh the opportunity cost of the capital, its a dog that i’d like to dump. Better off in an index fund with no chance of a special assessment, which is coming because of recent issues with the heating system. Owning rental property at current housing and rental prices only makes sense if property is going up. Leave being a landlord to the pros who have whole building blocks, and who invested the capital to build purpose built rentals on a large scale. You’re not going to get rich with a second property in the next 30 yearsbthe way your parents did in the last 30. Other asset classes will outperform.

Sure, but there is a difference between being a pain in the ass and thinking that one know’s it all to one that.

show’s some respect and tries to learn from others that have gone through it.

This is a free site that allows us to express our views, but by judging to the comments above, including me, she needs to grow up! Although Smokie had a crush on her! :)

It’s up to the boss!

#78 post once… the general recommendation would be to start your own blog.

#100 Andrew Woburn on 01.22.18 at 9:48 pm.

#77 Peter on 01.22.18 at 8:25 pm.

Maybe I’m just dense, but I really don’t see how a tax write off turns money loosing properties into a win. Suppose you were loosing $700 per month and the CRA allowed you to claim all of that against your income. E daí? At best, the CRA is subsidising you roughly $350 per month, but you’re still loosing $350 per month. The property is still a blood sucking albatross. The CRA has simply slowed the haemorrhaging.

Sim. For some reason, people are hypnotized into thinking tax losses are not a real losses. Somehow rich dudes are screwing the gub’mint and putting cash in their jeans.

There’s no free tax loss lunch. If you are at a 50% tax rate, you can get 50 cents back on the dollar but only after you’ve spent or borrowed the dollar. It’s never a win unless you’ve been deducting personal expenses against business income. This works until you’re caught. Then it’s Vaseline time.

If you think rents are insane in Toronto. Check out my hood. Corona Del Mar California on Zillow.

You won’t beilive it.

Here is one that is pretty close to 1% a month, I bet if you offered $84,000 you could get it. Quite a few out there just got to look though.

124 BOUCHIE STREET, Quesnel, British Columbia, V2J 1L8.

#103 Didn't do it again Canadian Millenial on 01.22.18 at 10:04 pm.

Re: #21 Midnights on 01.22.18 at 5:43 pm.

The Globe and Mail would tell you anything. The fact is when property prices fall, rents fall. Calgary resales fell about 25 percent since November 2014 and subsequently rents fell 20 percent. The same scenario is very likely in the entire GTA.

Re: #95 dr. talc on 01.22.18 at 9:32 pm.

The loose rule of thumb in the past used to be three years. I don’t know if that changed over time or not.

By the way not declaring net rental income is fraud, no time limit on it and the clock starts compounding the year it starts. Just think when the cash starved government starts really digging and cross references addresses, ten years of penalties and interest compounded monthly. Little homeowners will be crushed as they can not afford the legal fight.

#88 Dr. Talc on 01.22.18 at 9:13 pm.

My bank RBC teller said:

” You’re pre approved for a$5,000. interest free (for one year) loan to buy an RRSP.”

Lemme guess, offer only valid when participating in overpriced RBC Mutual funds?

If you can get straight up cash, no interest, then it becomes interesting, as you can put it in a self-directed RSP trading account, and reap 5% dividends off the 5k, a free $250,- after which you immediately pay off the loan.

#108 Smoking Man on 01.22.18 at 10:17 pm.

Davos is on. T2 on the jet. His plan to get investment into Canada. Confie em nós. A sério? the assault he just did on small business And anyone will trust him.

Delousinal to say the leased. Hope he’s still there when Trump drops in to give them all the T1 solute.

#109 Bored Accountant on 01.22.18 at 10:23 pm.

Actually, the CRA’s position quoted by Garth is not supported in law. You can deduct losses so long as the losses were incurred in earning income from a business or property, and the losses aren’t capital losses. Doesn’t matter that you are not making a profit or that you don’t expect to make a profit for the foreseeable future. The “reasonable expectation of profit test” was thrown out by the Supreme Court in Stewart v. R. 15 years ago. The government has draft legislation to bring back the test but the changes are still in draft and have been a long time now. Of course the CRA can still reassess you, but I doubt the Appeals division of the CRA or the Tax Court would uphold the appeal. But you still lose money and time defending yourself.

Regardless, what I quoted is genuine CRA dogma. Good luck fighting it. & # 8211; Garth.

#110 Yorkville Renter on 01.22.18 at 10:30 pm.

negative $700/mo and just-barely break even on paper?

Bezengy: If you’re losing money renting to a good tenant, what happens when you get a bad one? I was a landlord for 25 years, and trust me, good tenants are hard to find, just ask any landlord.

“I was a landlord” past tense.

The past is about to collide with the future. In the past, there has been a slow and gradual process to remove much of the incentive to own a residential property and rent it out. Less incentive has reduced the number and choice of rental properties. In the future, a declining housing market is going to take a good portion of the middle class out of home ownership. They will have fewer and poorer options to rent.

we rented out the upstairs to a young girl with a baby; my wife and I cleaned up a stroller and gave it to them. A few days later, the boyfriends moved in. According to the Ontario Landlord Tenant Act I couldn’t kick them out. One dark night, two of Toronto’s finest stood behind me while I told the boyfriends to leave. The next day the girl and her boyfriends moved out. Thank God for the Toronto police.

#112 Ace Goodheart on 01.22.18 at 10:38 pm.

Running rentals sucks even when you are making money. You’re basically your tenant’s butler.

Spent Saturday re-sealing the 100 year old skylight on my building. Every six years, scrape off the old waterproof coating, clean up with some heavy duty scrubber, and then re-seal. Process takes about 4 hours. Luckily Sunday was a nice day to spend on the roof.

Guy who owns the building attached to mine spent $30K replacing all three of his skylights about six years ago.

They all leak now. Can’t re-seal them. Have to sue the company that put them in. Meanwhile, the water seeps through.

All skylights leak. Give them about 5-6 years. They will leak.

I like my 100 year old tin skylights. They don’t make tin like that anymore and the frosted glass is really pretty, old style stuff that you can’t get nowadays. And as long as I scrape off the old tar and replace it with new tar, every six years, they are waterproof.

Hardest $12,000 per year that I make is running that old building. Looks like I have to do more pointing on the North wall in the spring, bricks are starting to spall again.

Can’t wait for the new subway to open…….last rental….ever.

#113 Mortgage Backed Securities on 01.22.18 at 10:40 pm.

Those interest rates are not calming landlord spirits…

Commercial Mortgage Backed Securities ETF closes at a 6-month low as 10-Year Treasury yields hit a 40-month high. $CMBS - charliebilello.

I dread the day my landlord figures this out. But until then, I’ll keep paying $1700/mo to rent a place (Leslieville, semi) that would sell for $600k easy.

#115 Gotta Get Out of Calgary on 01.22.18 at 10:54 pm.

#89 Ace Goodheart on 01.22.18 at 9:13 pm.

“You’ve just been had by the condo industry.”

Acordado. I have always believed that condos are the “timeshares” of residential real estate.

What do you actually own?

#116 Maple Sugar on 01.22.18 at 11:02 pm.

#80 Mark on 01.22.18 at 8:32 pm.

“Dow up 142 point, TSX down on a day in which both gold and oil are up?”

Yup, the TSX is so terribly hated. Eu amo isso. Keeps it dirt cheap for me to continue buying hand over fist.

A disaster for me personally would be if the TSX rapidly went to its fair value which I calculate to be somewhere between 30 and 40,000 based on long-term historic trendlines and the likely trajectory of interest rates in Canada.

This guy calls the TSX illiquid, and he provides some compelling arguments ( + colour charts!). The rising popularity of passive index ETF’s is certainly keeping a lid on speculative churning, at least in my house.

Had to reread some of the rules, time to change the tax laws to make it easier. Renting at one time was only use for a short duration as it is not a making-money proposition, usually. The last line was a funny but Brad Lamb is your friend (realtor friend, that is).

And when in negative territory time to move onto other avenues.

It is too bad that some kind of fund/tax could not be set up to take from the companies that extract resources and put into green energy since it takes money and time Time for a proper transition.

‘#80 Marc….agreed. Buy low sell high. Time in the market, not market timing. I am also buying USD as it swoons. Love that low hanging fruit…and…as the inexpensive P/E’s make for compelling long term buys we also enjoy some lip smacking fat dividends. Some days I feel like one of those movie characters who rolls around on a bed of easy money. Having said that, I see my US stocks on a tear and don’t ignore that it could remain on trend for at least a few more years.

#82 Toronto T on 01.22.18 at 8:44 pm.

Who the heck cares about Brampton, Pickering and Whitby?

Glorified garbage dumps of builder grade quality homes with postage stamp backyards. Why would anyone want to spend 90 mins in traffic each way to live in those areas?

Even more important in this market to distinguish the affordability of homes at the neighborhood level. The neighborhoods in the best areas are not at the same risk level as Pickering. The top neighborhoods are at 3-5x income. That is very low for mega cities. it will take a lot for these hoods to decline, which even Garth isn’t forecasting.

So if you wait for a market crash you might be able to buy a home in the burbs at a discount. But, then you may have waited 5-10 years, and in the end, you live in a particle board house in the middle of nowhere.

Though by then the driverless car will shorten the commute?

Right, I forgot, everyone works in the city… there aren’t any jobs anywhere else but the centre of the world, Toronto. If you ever left the city you might find there is a lot of life outside of that polluted cesspool. I lived in Toronto for years, left recently, and you couldn’t pay me to move back. Almost every other major city in North America is nicer; from weather to infrastructure to architecture to jobs. Toronto is extremely sub-par. I don’t get why Torontonians think it’s so nice.

Garth forecasting? I don’t read that anywhere. What I get from Garth is the state of things, where value is for those whom are searching for it, and how to maintain balance in all things life.

Fact is purchasing housing in the GTA is a terrible investment, especially at this stage of the various real estate value affecting cycles. If you are looking at is as an investment, this matters greatly. If not, who cares as long as you have the cash or income to carry.

#83 mathman on 01.22.18 at 8:54 pm.

He has it dead on.

Keep pumping out the uneducated and uninformed posts, realtor – you have lots of time on your hands for it these days.

To all who care to know, anecdotal but recent (this past week).

I have a realtor friend who just helped an early thirties couple purchase $1.3M property in one of the towns I mentioned – even helped them negotiate the lender take back second mortgage (at nearly 10%) as they didn’t qualify for the total mortgage necessary. Does he care he helped them go into lifelong massive unscalable debt? Nope, all he cares about is that fat commission cheque.

Disgusting – and evidence millenials are helping push this market.

The realtor is also a millenial.

Greed, greed, greed – for all those involved in this transaction.

The 10 most unaffordable cities for housing. Vancouver still ranking #3.

Here is a better link.

#97 acdel on 01.22.18 at 9:39 pm.

Sure, but there is a difference between being a pain in the ass and thinking that one know’s it all to one that.

show’s some respect and tries to learn from others that have gone through it.

This is a free site that allows us to express our views, but by judging to the comments above, including me, she needs to grow up! Although Smokie had a crush on her! :)

It’s up to the boss!

I think she’ll be back by next week (albeit on a very short leash).

#124 Leo Trollstoy on 01.22.18 at 11:55 pm.

Millenials are called snowflakes cuz they rant and rave and then, when disciplined, cry and beg.

#125 Leo Trollstoy on 01.22.18 at 11:58 pm.

Wow gold still at $1300 USD for what, the fifth year now? What a winner that has been! Ri muito.

#126 Notagreaterfool on 01.23.18 at 12:26 am.

Fun realtor facts.

I knew God sent me to California for a reason. Epa centre of liberal insanity. It happens her first then comes to Ontario.

Get this. California govt want to confiscate 1/2 of the Trump tax cuts.

Watch money fly to the fly over States.

Gonzo reporting from the front lines.

#128 Oft deleted much maligned stock. picker on 01.23.18 at 12:38 am.

Hah, IMF grudgingly admits that Trump’s tax cuts will boost the entire global economy, not just the US……but…Le Garde days “it’s not enough” . Do these docialist wankers ever put down the song sheet and give credit where credit is due? Listen to Trudeau….it’s the 2008 Obama campaign almost word for word….” I’m all for the middle class”…..” Tax the rich”. This is in the. msin caused by Trudeau hiring David Axelrod who wrote the Obama and Clinton script. Every economist who pronounced that the economy would crash under Trump is eternally an idiot. Justin Trudeau is an idiot for hiring Hillary Clinton’s failed campaign manager…..and this is why Canada’s economy is failing as was the Obama evonomy…..crawling at less than 1% growth…..same as Canada when the truth is laid bare.

Ladies and Gentlemen; allow me to introduce you to another “Big Short”, it just keeps giving and giving, you are most welcome!

One bed condos are NEVER forever homes. One day you will have to sell and guess what in a down market buyers want and can afford two bed condos not 500 sqft boxes. In the 1989 downturn it was impossible to sell studios and one-bedders for any money at all. First time time buyers could suddenly afford the second step – a row or semi house.

Remember that the best and smallest loss is always the first loss. Don’t chase the market down.

If I were an American, at the elections, I would probably not have voted due to not being terribly drawn to Trump but especially not to Hillary; the worst of the worst! Sorry Garth, we know you loved her!

But I have to admit; although not perfect he is drawing on me; especially playing the Dems on the shut down, I am indifferent right now but intrigued!

Anyways, different topic for another day!

This story got my attention, no, not on Trump, but about our i&8%$ T2, oops!

$2600/mo with a 2.5% mortgage, 25 yr. amortization will pay for a:

$580,400 mortgage principal (excludes any other costs).

At 3.14%, 25 yr. amortization, the $2600/mo pays for a (again, excludes any other costs):

$541,150 mortgage principal.

Inexpensive condo or bought many years ago?

“It is too bad that some kind of fund/tax could not be set up to take from the companies that extract resources and put into green energy since it takes money and time Time for a proper transition.”

It’s called “Royalties” and it is as old as the British Monarchy. Not that they put the money into green energy, they build weapons of war instead, but nobody in the Commonwealth gets to extract resources without paying the crown. They never have. The possible exception being the CPR, which did get fee simple land for building the railway. All that land is owned by Encana now and it is all shut down because the oil and gas is gone.

Do not remember the specific areas (perhaps you can drill down in this CANSIM table better than I) but in Toronto there were these many people with income of $250,000 and over in 2015 (“individuals, taxfilers and dependents”):

Median total income (dollars) = $31,650.

With a median like that, it makes me wonder how people can afford to carry mortgages in Toronto let alone, cover loss producing “investment” properties like condos.

Sorry #83 mathman, StatsCan will not create a link to a filtered table.

CANSIM table 111-0008.

Ladies and Gentlemen, if you have a bomb shelter, it is time to stock it up and move in. Not that it will help for more than a few weeks but hey you paid for it.

What do think about this fellow Albertan’s or Canadian’s that could care actually give a crap?

Serious opposition to upgrades to oil pipelines that have been in service to the coast for fifty plus years and yet B. C. are dumping there natural gas into Alberta causing mayhem. Never mind that they are dumping hundreds of millions of litres of raw sewage into the ocean; never mind all those nasty little copper, coal, zinc, gold, etc mines are doing to their province.

My point is that this is all ridiculous; think on how many hundreds of billions could be going to our social services; research to new alternatives, millions of job losses directly and indirectly and for what. Politics, idiotic special interest groups that are the biggest hypocrites.

Multiple offers are back in January:

#116 Entrepreneur on 01.22.18 at 11:03 pm.

It is too bad that some kind of fund/tax could not be set up to take from the companies that extract resources and put into green energy since it takes money and time Time for a proper transition.

Ah, the Robin Hood approach. Agradável.

SMC….don’t go away mad, just go away….I’m sure somewhere out there needs a broken record.

#142 Ace Goodheart on 01.23.18 at 7:09 am.

RE: #130 acdel on 01.23.18 at 1:29 am.

People don’t seem to see this.

If you are sick in Kentucky now, and you lose your job (cause you’re poor, you work at a precarious position, and when you try to take sick leave, they fire you), then they also cancel your medicare.

You then have to begin a process to be deemed “medically fragile” so you can get your health care coverage back. All the while you are still sick, but you can’t see a doctor anymore.

Trump is great if you are one of two people:

1. A wealthy American.

2. A non American, citizen of another country, who is investing in US stocks.

Otherwise, he is a disaster.

#107 Smoking Man on 01.22.18 at 10:17 pm.

Yes, but not for Melania. She won’t be accompanying her husband, the Donald, to Davos due to “scheduling and logistical issues.” :)

#144 Trumpocalypse2018 on 01.23.18 at 7:42 am.

TSUNAMI HEADING FOR THE WEST COAST!!

#145 under the radar on 01.23.18 at 8:09 am.

Writing was on the wall for years. People speculating in condo’s were thinking the rising tide would make them money . Some did. If you bought before 2011 you have nearly doubled your money in capital appreciation.

Condo’s bought with cash (2011) will likely generate a 4% return if your lucky. Condo’s financed will be negative. All old news. # 75 was on the money. Guy on the street leveraging to buy a condo as a “rental property” never was smart if yield was the goal.

#146 crowdedelevatorfartz on 01.23.18 at 8:16 am.

@#102 Banned Canadian Millenial.

Webster’s Dictionary: Ban.

(located, ironically enough, between these two words)

Banal: trivial, commonplace, unimportant.

Ban : Forbid, prohibit, authoritative prohibition.

Banshee:gaelic mythology, a female spirit whose wailing warns of imminent demise.

#127 Oft deleted much maligned stock. picker on 01.23.18 at 12:38 am.

Hah, IMF grudgingly admits that Trump’s tax cuts will boost the entire global economy, not just the US…… Every economist who pronounced that the economy would crash under Trump is eternally an idiot.

I reserve that label for the people who believe economists. Now the world yawns when the US agreed to raise the debt ceiling yet again. Although the world debt clocks show they are in good company:

The non-GAAP “reporting”, and focus on cash-flow instead of profit will come back to haunt investors in heavily indebted companies. Sooner or later ……..

It’s awful quiet ….. too quiet ….. the VIX is at 2007 levels. Bet accordingly.

Toronto Tim on 01.22.18 at 5:29 pm.

Stop talking about averages. Do a tour of neighborhoods in Toronto and you will see that incomes do support prices in Toronto. And, in fact, when you compare prices relative to incomes, Toronto can be a fantastic place to live. MLS has all the information you need to inform yourself as I shared below.

All this talk about average incomes in Toronto and average home prices is delusional.

The average person in Toronto cannot afford a single detached home. And definitely not in a good school district near the subway. There aren’t many of those homes and will only be reserved for the successful.

Let’s take a look at some of the prized neighborhoods and the incomes that support these homes as shown below.

And remember, this is just reported income, this does not include capital gains or dividend income on T4’s.

The takeaway is, Toronto is a city where you can make it big. And, if you do, the house prices are not out of reach relative to what you can earn. In what other cities can people make that kind of money and only on 4-5x income to live in the best neighborhoods?

Instead of hoping for lower prices, your focus should be to take advantage of what Toronto offers and make more money. Perhaps the reader’s of this blog should knock on some of these neighbors doors and ask them how they did it. And maybe they can learn how someone that lives in Lawrence Park is pulling in 1.3 Million every year at the age of 41?

And if you can’t make it big in the city then move to Ottawa. You can work for the government, collect a pension, and move back and rent in Toronto and maybe, one day, write a blog.

No more whining and waiting. Get out there and make it happen.

Average income – 932k/year.

Median age – 39 years.

Average income – 650k/year.

Average Income – 736k/year.

Average income – 1.3 Million / year.

—————————————————————-Some fine cherry picking here. By finding a small pocket of very wealthy homeowners you are dramatically overstating income in this city. As per the 2016 census, the cutoff for the top 1% is 300k in the Toronto area. So, let’s take a look at homes just outside the census area of your examples to get a little perspective, shall we?

#149 torontorocks on 01.23.18 at 9:10 am.

sim. Toronto is the most coveted city in the world, commanding premiums for homes and rents. Everyone is scrambling to get here. Clearly. There are students sent here from abroad because its easy to get in. Their first stop post grad? Back home or the US, London or any of the other first class cities you can pick.

Toronto is so first rate that they decided to force a socialist tram system on the people by 1) using Miller’s overpaid for streetcards and jamming them up our a$$ by shutting down King Street to cars; 2) simultaneously shafting the business owners that put their livelihood into street traffic, which is now gone (on King St); 3) having their left wing socialist bike riding d-bags threaten to boycott ANY dissenting restaurateur, which goes to the “either you’re with us or you’re done” and 4) refusing to acknowledge it was a mistake, despite pouring millions into recutting the streets and having police sit there and harass innocent people who get caught out on King; offering bogus coupons for dining on king and then, having a festival on the street to draw traffic.

Not to mention a transit system that is as new as it was 50 years ago.

The problem with buy and hold is that it died in March of 2000 at the market top.

I think a far better roadmap these days is Trend Following by Michael Covel, the new fifth edition, which I highly recommend everyone on here buy.

Part of its message is, don’t predict things and just go with the trend. That applies to me too, as I’ve been saying on here for a while that the US stock market is insanely, stupendously overvalued. But as Garth points out, if you load up of a graph (say of QQQ), any trend follower would be long the market. Until it shows signs of deterioration, that’s the direction to be in.

The strange thing that’s happening now is gold is ALSO up, and UUP well trending down.

One day sitting with Smoking Man looking at the USDCAD pair, we were looking at the Renko plot of it. He also uses a trend following approach which works well with forex.

Don’t ever assume someone is right. Think for yourself! That’s rule #1.

#151 crowdedelevatorfartz on 01.23.18 at 9:32 am.

@#143 Trumpocalypse 2018.

Tsunami headed for the west coast.

So sorry to disappoint my ghoulish amigo.

Tsunami warning has been cancelled.

Though sitting through a 7.8 in Kodiak Alaska will make it hard to stay on a toilet….

I share your views on the lack of fundamentals to support the appreciation of Canadian real estate; my opinion about it and a desire to try to make sense out of this insanity was the reason I found your blog in the first place. It has been more than 10 years that I have been “preaching” to family and friend that investing in RE in Canada/Australia/HK/Brazil is risky and that eventually the market would have to correct.

I live now in Northern Canada and again I am faced with the very strange feeling that as long as people are capable to “fit” their expenses in their monthly budget this insanity will not end. We have “camps/cabins” that are basically a money drain in the middle of nowhere priced at 200K – 400K; lots of people driving 50 – 80K trucks; lots of people “owning toys” ( boats, skidoos, seadoos….)… I am starting to feel that the we are the insane ones :) … the correction will not happen until people are maxed out of credit (credit cards, line of credit….)… no fire sales… I would start to look for signs of a correction not at the MLS listing but a the repo information (that would be a great stats to follow) as a indicator of when we should expect the correction to come….. until then… we will continue to preach to the deaf ears.

A one bedroom condo renting for $1300?

Please show me where.

This is funny. Why such a hate on landlords?

After saving very hard, I bought 3 apartments 2 years ago around Vancouver. Rents cover ALL expenses with a few hundred left over each month and the 3 apartments have appreciated in the hundreds of thousands.

Tell me it was a bad investment? Others will call it blind luck, but I timed the market that I saw heading to the moon.

Worse yet, your mortgage payment is not rental expense. This means, Tina is $700 negative cash flow from renting her condo, but she will still pay taxes on $730 per month at the highest tax bracket she will get.

Her loss is not just $700, but it is slightly higher than that.

In short words, she is screwed.

Andre: “I live now in Northern Canada and again I am faced with the very strange feeling that as long as people are capable to “fit” their expenses in their monthly budget this insanity will not end.”…TOO TRUE BY HALF.

You have nailed the “intangible/emotional” human nature factor that unfortunately governs buy decisions for real estate. Well at least the principal residence market. We can’t wail and cry here with our person predictions of armageddon in principal residence market but far more than valid financial decision making is controlling the process. Nesting, child rearing and just the peace of mind of knowing you have the same roof over your head as long as you can find a way to make the monthly mortgage and tax payment is an incredible motivator and controls the entire process.

Sadly though, there are many ways to “make the monthly payments” that are debilitating and life sucking but those are in the future and average Joes and Janes only live in today.

#157 yo too much on 01.23.18 at 10:55 am.

Only reason to spec or own a rental is future gains. Most rentals are cash flow negative, a pain, and will reduce your quality of life unless there is a great ROI.

Owning a primary is a good idea only if the rent vs buy calculator works out based on legitimate numbers; usually, it doesn’t though.

People saw this story and bought way too much into it:

Joe bought a house for 400k with 5% down. House went up to 800K in 5 years. Now everyone wanted in for as many houses as they could buy with the minimum down payment.

Hence, when the values start to fall, the exits might be too full.

#158 “When the debate is lost, slander becomes the tool of the loser.” ― Socrates on 01.23.18 at 11:00 am.

Banned SCM? Que pena.

While I don’t agree with much of what he posted, I do appreciate views that challenge my worldview. His posts are usually backed by supporting links from reputable sources.

His tone comes off too aggressive for my tastes but frankly who can blame him for being combatitive when each of his posts generates at least a dozen personal attacks… Multiple posters refer to him as a girl for heavens sake – how childish is that?

Only Garth knows what he said that was the final straw, and ultimately this is his sandbox. To be clear, I am definitely in favour of boundaries here and appreciate how hard that is for Garth to moderate. In my opinion SCMs posts raise the level of debate here, even if I don’t agree with his conclusions most of the time. Banning him makes this even more of an echo chamber.

He has even mastered proof reading and spell check.

#159 mike from mtl on 01.23.18 at 11:26 am.

Looks like TPP is happening. Either this is a pressure tactic for the NAFTA nego or TPP was plan B.

I strongly believe it is plan B.

#160 Ace Goodheart on 01.23.18 at 11:29 am.

That has always perplexed me.

If you “own” a condo, what do you actually own?

Near as I can figure it, the condo “owner” is purchasing “air rights” through a corporation, for rights to own air space within a common space controlled, but not owned by the corporation.

Ontario household debt rising, increasing economic risk: Accountability Office.

TORONTO — Ontario’s fiscal watchdog says household debt in the province has increased since 2010, and is projected to continue to grow, which could spell trouble for the economy as interest rates also climb.

Ontario’s Financial Accountability Office says low interest rates have fuelled spending in the province and the household debt has grown by 5.6 per cent on average each year between 2010 and 2016.

The FAO says that during that same period, growth in household disposable income grew by only 3.4 per cent on average, per year.

It says the average Ontario household owed nearly $154,000 in 2016, that’s up from $119,000 in 2010.

The budget watchdog says that a sharper than expected interest rate hike could force households to cut back on spending and have negative implications for the broader economy.

The report attributes the growth in household debt primarily to residential mortgages.

Worth repeating…”The report attributes the growth in household debt primarily to residential mortgages.”

Zolo GTA data just now…985 sold, a new one year low!

Also, what’s that I see in the inventory curve? A potential slowing of decline and reversal upwards?

Ace #159…that is precisely my understanding as well. That’s the explanation I got back in the 80s or 90s.

If we’re both wrong then I’m “all ears” to read a more correct definition.

Another Warren Buffet fun fact….. still lives in same house bought in 1958 for 31500 dollars in Omaha Nebraska. Calls it the third best investment of his life. Kind of puts it in perspective when the richest man on earth(on any given day) doesn’t seem to care on how his digs look to the rest of the shallow masses.

#165 InvestorsFriend on 01.23.18 at 12:13 pm.

#149 Ian on 01.23.18 at 9:19 am.

The problem with buy and hold is that it died in March of 2000 at the market top.

I think a far better roadmap these days is Trend Following by Michael Covel, the new fifth edition, which I highly recommend everyone on here buy.

Ian, some people surely do well on trend following. But basically half the people who try to beat the market can do so ONLY at the expense of the other half trying to beat the market. I never mentioned buy and hold, but ALL of the buy and hold crowd can match the index if they simply buy it and hold.

I am not an index investor nor a Buy and Hold investor particularly.

Buffett noted that the AVERAGE active investor MUST trail the AVERAGE buy and hold investor AFTER COSTS.

From the 2016 annual report letter:

& # 8221; If Group A (active investors) and Group B (do-nothing investors) comprise the total investing universe, and B is destined to achieve average results before costs, so, too, must A. Whichever group has the lower costs will win. (The academic in me requires me to mention that there is a very minor point – not worth detailing – that slightly modifies this formulation.)”

“And if Group A has exorbitant costs, [Hedge funds] its shortfall will be substantial. There are, of course, some skilled individuals who are highly likely to out-perform the S&P over long stretches. In my lifetime, though, I’ve identified – early on – only ten or so professionals that I expected would accomplish this feat.”

Ian, I agree we should think for ourselves.

But if you knew that your thought was opposite to Buffett’s you would want to think long and hard about why you might be wrong.

#166 Mike in Edm on 01.23.18 at 12:46 pm.

While on the (somewhat) topic of Calgary or Edmonton, I think this B20 business and higher interest rates is already starting to take a toll on prices. It could just be seasonal, but I’ve noticed a.

10% drop on average. Still lots of sellers out there that are completely out to lunch (over priced and have only dropped their price 1% since November), but I think the ones that want/need to sell are ‘getting’ isto.

#167 Stan Brooks on 01.23.18 at 12:48 pm.

Another day with TSX down while oil and gold are up?

Yes, but overlooked and slightly different from the ‘norm’.

1. TSX is a local market, not a global one. No foreign investors are interested in it, it is a very small economy.

No matter what kind of sales pitch the socks guy and his ministers would pretend to be pulling off in Davos, there will be no inflow of capital here.

We are too insignificant on global scale.

BTW I am very interested who is paying T2 and wild bill tickets and fees for participation in that forum, so they can rub shoulders with the world’s really rich and powerful and build personal connection?

We, the taxpayers whom they (the french villa, the blind trust, the numbered companies, the lucky timing for sales of corporate shares, the trust fund, the private island, yacht, jet vacations, the pension laws that benefit specific companies, the acknowledged ethics viloators) call tax cheats.

Trilling times to be paying taxes in this country.

2. The indebted population has no money to invest. Instead due to idiotic policies (just look at the BOC leadership and the (complete lack of) confidence they radiate) the relatively well off have to sell shares to survived due to skyrocketing inflation of real stuff (food, gas, rents, housing, assets, education, health).

So net outflow of funds from TSX, not inflow. Moving money into safe stuff and spending them instead of growth investments.

3. Idiotic liberal policies at all levels, including criminal assault on small businesses, made up agendas, promoted minimum wage hikes at expense of the businesses, lies, lies and more lies including deferral of electricity cost to future generations in Ontario (thinking that 300 billion + in debt is not enough), artificial carbon taxes, CPP increase,….

4. Pathetic paid off by the budget media presstitutes whose propaganda states that T2 agenda in Davos is protection of the middle class (not the elite that they serve and whose taxes they refuse to increase, including promised stock option tax, but hey, we are talking about bill’s buddies on bay street here, not about some plumber, doctor or lawyer) and ‘progressive’ agendas.

So consider the above when considering TSX as under-priced and assessing the future value of the currency.

I would not be a surprise if we are outpaced 3:1 by emerging markets in growth.

And did I mention NAFTA?

One more time an advice to lucky lottery ticket owners aka as home owners in GTA, Vancouver: remember, all lottery tickets have an expiration date. Claim it while you can.

Cheers to all Registered pension plan owners.

Buy lubricant companies.

Bit hairy wild bill is coming after you and is going to hurt.

#168 Another Deckchair on 01.23.18 at 1:12 pm.

“His tone comes off too aggressive for my tastes but frankly who can blame him for being combatitive when each of his posts generates at least a dozen personal attacks…”

Like you, I do like learning and exploring. Every day is a gift, and I try to make the most of it. I’m sure many, many of us reading Garths’ blog think the same way.

If you go back and read the first postings by SCM, and read the responses, I think you’ll see that there was little, if any dialogue coming from SCM, just more diatribe. I also think you’ll see that dialogue was tried, but did not work.

Thanks, but given a choice of firehose of diatribe, or dialogue, I’ll choose dialogue every time.

There are lots of bright people with alternative views, but they are polite and open-minded, and *they* learn from others, too.

Tim Hudak: The Trudeau government’s newest squeeze on the home-buying middle class.

#60 sean on 01.22.18 at 7:18 pm.

Obviously it’s Garth’s blog, but for me having some “angsty” Millennial input is useful to avoid this being a Boomer/Xer echo chamber (possibly after some time on the bench for bad behaviour to encourage better manners in future :-)

Input is useful. Garbage arguments with links to opinion editorials, racism, ageism, blatantly false accusations eg. TFSA was an evil plot for the rich not realizing Garth was the one that initiated it, etc….. Is never welcomed.

If the mantra of don’t overleverage in one asset, avoid getting moist (as it pertains to housing/debt), immigration being a net benefit to society, etc is an “echo chamber” to you, then stop reading and go make sure your kids have a safe so their voices are heard.

To the one that must not be named….Suck it up buttercup and take your banishment like a “man” or an adult as you claim to be.

All indications are: it soon will be over folks.

Smokey, you might consider staying permanently in US as the NAFTA visas will disappear…..

As for the Florida Canadian sun-birds….

This single failure of the liberals: destruction of NAFTA is sufficient alone to destroy life of generations of Canadians.

Once we kiss the big rich markets of US good-buy, who are we going to export to? Oil Bitumen to China?

Compete with low cost labour in India? the wages should be 1.5 dollars for that, not 15.

NAFTA renegotiation was completely feasible with very few small amendments and compromises.

Now we will see what big tariffs and duties mean for an economy oriented pretty much on resource extraction and cheap labour for export to US.

The big boom is coming.

#151 Andre on 01.23.18 at 10:12 am.

….I am starting to feel that the we are the insane ones :) … the correction will not happen until people are maxed out of credit (credit cards, line of credit….)… no fire sales…

Having been there for the correction in Japan, I doubt that it is different this time, but even if it is, that does not make people who stay out of debt insane. For much of history, ordinary people lived their whole lives in debt to the owners of the land they worked or the companies that employed them. It worked out great for the creditors and was stable for the debtors. We are now in a period in which people have more debt than they did, say, fifty years ago. It could all come tumbling down tomorrow, but it may also stay this way for a long time. That doesn’t make it a good idea to participate.

#173 Banned long enough! Canadian Millenial on 01.23.18 at 1:47 pm.

#157 “When the debate is lost, slander becomes the tool of the loser.” ― Socrates on 01.23.18 at 11:00 am.

So when Garth was being accused of creating the TFSA to help the rich elites, that was not slander? Thus making said accuser not a loser? Eu estou confuso. Was there any “reputable” sources used then and explain how your world view was expanded at that time?

Echo chamber….there’s that word again. The comments on this blog rarely agree on anything other than the majority of posters and Garth find one person annoying. The reasons for such annoyance isn’t even agreed upon.

As for gender accusations, who knows and who cares. All i know is that if someone accused me of being a female i wouldn’t respond “…I’m really a boy…” <—- look it up couple months back.

and don’t forget this investigations were going on BEFORE the election.

The FBI is investigating whether a top Russian banker with ties to the Kremlin illegally funneled money to the National Rifle Association.

Torshin investigation signals a new dimension in the 18-month-old FBI probe of Russia’s interference. McClatchy reported a year ago that a multi-agency U. S. law enforcement and counterintelligence investigation into Russia’s intervention, begun even before the start of the 2016 general election campaign.

Spanish authorities tag Torshin for money laundering.

Torshin, a leading figure in Putin’s party, has been implicated in money laundering by judicial authorities in Spain, as Bloomberg News first revealed in 2016. Spanish investigators alleged in an almost 500-page internal report that Torshin, who was then a senator, capitalized on his government role to assist mobsters laundering funds through Spanish properties and banks, Bloomberg reported.

#171 Newcomer on 01.23.18 at 1:39 pm.

#151 Andre on 01.23.18 at 10:12 am.

….I am starting to feel that the we are the insane ones :) … the correction will not happen until people are maxed out of credit (credit cards, line of credit….)… no fire sales…

Having been there for the correction in Japan, I doubt that it is different this time, but even if it is, that does not make people who stay out of debt insane. For much of history, ordinary people lived their whole lives in debt to the owners of the land they worked or the companies that employed them. It worked out great for the creditors and was stable for the debtors. We are now in a period in which people have more debt than they did, say, fifty years ago. It could all come tumbling down tomorrow, but it may also stay this way for a long time. That doesn’t make it a good idea to participate.

However now indebted people have nothing valuable to pay back for that debt.

& # 8211; expensive labour costs in a global world.

& # 8211; lack of innovation and competitiveness.

& # 8211; small local economy entirely dependent on the rich neighbor south who is divorcing us.

Old British unimaginative land owner/slave labour/extraction model that never worked since the gloomy end of the British empire.

Oligopolies/owners, retarded economy and hopeless slaves with no hope.

Give the a carrot, guys.

And fire wild bill.

#128 acdel on 01.23.18 at 12:49 am.

BIG SHORT ? how bout the BIG LONG.

liquidation of Carillion will probably run for a decade or more and is likely to generate millions in fees for accountants and lawyers.

…”Lehman Brothers, a major casualty of the 2007-08 banking crash, entered administration and liquidation in September 2008. Its liquidator PwC has already raked-in over £600m and is on course to collect £1bn in fees. The liquidation may be finalised by 2024. The fraud infested Bank of Credit and Commerce International (BCCI) was forcibly closed by the Bank of England in July 1991. Its liquidation was finalised in May 2012 and the liquidators chalked up fees of $656m (£415m). Perhaps, the record for prolonged liquidation goes to the Israel-British Bank which collapsed in 1974 amidst the secondary banking crash. In September 2009, after 35 years, PwC announced that the liquidation has been finalised…’

#157 “When the debate is lost, slander becomes the tool of the loser.” ― Socrates on 01.23.18 at 11:00 am.

Banned SCM? Que pena.

While I don’t agree with much of what he posted, I do appreciate views that challenge my worldview. His posts are usually backed by supporting links from reputable sources.

His tone comes off too aggressive for my tastes but frankly who can blame him for being combatitive when each of his posts generates at least a dozen personal attacks… Multiple posters refer to him as a girl for heavens sake – how childish is that?

SCM is a Woman, so I refer to her as such.

She offered zip. Quotes from the Toronto Tsar and other “non-partisan” fontes. Just about every assertion she made had to take her linked “back up” way out of context.

Garth gave her more than her fair share of opportunities to smarten up this time (and last time). But, in typical brat fashion; she couldn’t keep her big yapper under control.

Perhaps some day after she can control her Pie-Hole, she may be back once more to wax lefty, and chase Smoking Man around for a date.

#173 n1tro on 01.23.18 at 1:49 pm.

As for gender accusations, who knows and who cares. All i know is that if someone accused me of being a female i wouldn’t respond “…I’m really a boy…” <—- look it up couple months back.

Sim & # 8211; that was glaring.

#153 Try Again on 01.23.18 at 10:34 am.

This is funny. Why such a hate on landlords?

After saving very hard, I bought 3 apartments 2 years ago around Vancouver. Rents cover ALL expenses with a few hundred left over each month and the 3 apartments have appreciated in the hundreds of thousands.

Tell me it was a bad investment? Others will call it blind luck, but I timed the market that I saw heading to the moon.

No one hates landlords at all.

At this time no one will be able to tell you it was a good or bad investment until you sell and realize your gains (or losses). You can then socialize all costs and revenues with the group and the calculations can begin.

However your story doesn’t make sense. Saving very hard to then buy 3 apartments is odd. If you said 1 at a time over a few years it it may have been a more belieavable story.

sidebar: loathe to mention SCM, but Smoking Man’s visualisation of a stray cat in a garbage can is hilarious!

The thing to keep in mind with Buffett, I think you pointed this out earlier, is often he does sweetheart deals with the management of the firms he’s interested in, which gives him access to instruments not available to the public. Did this with Solomon, and with Home Capital too. So that’s a strong advantage.

I believe he is wrong on Home Capital because 1) of the enormous, historically high housing bubble we are in, and 2) the B-20 effect on subprime.

The HCG chart until yesterday was awful. It was like 2 January marked the beginning of the end. Red bars everywhere. I’m convinced the top was in December, we’ll see if I’m right.

#173 n1tro on 01.23.18 at 1:49 pm.

As for gender accusations, who knows and who cares. All i know is that if someone accused me of being a female i wouldn’t respond “…I’m really a boy…” <—- look it up couple months back.

Yeah that struck me as weird too (I was going to use the word queer but I didn't want it to be taken out of context).

I think most men would have replied ' I'm a guy'

The formidable and powerful Taganskaya organization of which Torshin is allegedly part is recognized by the US and the EU information and intelligence services (including Europol and the FBI), according to the dossier about Torshin from the Spanish Civil Guard. Its activities include the appropriation of companies using violent or fraudulent methods, bank scams, extortion and the carrying out of contract killings.

In 2004 Spanish prosecutors created a formal strategy to “behead” the Russian mafia. The Russian dissident Alexander Litvinenko, an expert on Russian organised crime, helped the police investigation. It was Litvinenko who, according to US diplomats, coined the phrase “mafia state”.

A public inquiry last year into Litvinenko’s murder heard that he was due to give evidence to Spanish prosecutors. A week before the meeting in 2006 he was murdered in London with radioactive polonium.

Madrid 3 ABR 2017 – 08:42 CEST SPAIN.

The 2nd Special Central Unit from the Civil Guard’s Emerging Risks Group spent at least two years recording dozens of telephone conversations between Alexander Porfirievich Torshin, a former Russian senator with close ties to Vladimir Putin and Donald Trump, and his trusted confidante in Spain Alexander Romanov.

Investigators for three congressional committees probing Russia’s 2016 operations also have shown interest in Torshin, a lifetime NRA member who has attended several of its annual conventions. At the group’s meeting in Kentucky in May 2016, Torshin spoke to Donald Trump Jr. during a gala event at the group’s national gathering in Kentucky in May 2016, when his father won an earlier-than-usual NRA presidential endorsement.

An FBI spokesman declined to comment on the investigation.

#184 InvestorsFriend on 01.23.18 at 3:30 pm.

Restaurant Math – Servers Win.

The Keg franchise company was just sold to Cara for $200 million. They don’t own the restaurants but they own the concept and set all the rules and do the advertising.

Meanwhile the Keg Income royalty Fund is asepaerate entity that trades and has value because it gets a 4% royalty or franchise fee off the top line. It’s worth MORE than the franchise company and has a value of $233 million based on getting 4% off the top line.

Meanwhile North Americans have somehow decided that servers deserve 15% at a minimum off the top in addition to their wages. If they average 16% that is FOUR times what the Royalty fund gets and that’s in addition to their wages. The capitalized value of 16% of revenue is apparently close to a billion dollars ($233 times four)

The Servers are getting in tips four times what the KEG income fund gets and apparently also about four times what the franchise company was getting.

I highly doubt that the manger / owner of a KEG makes a bottom line profit of 15%.

Is there something wrong with this picture?

#153 Try Again on 01.23.18 at 10:34 am.

This is funny. Why such a hate on landlords?

After saving very hard, I bought 3 apartments 2 years ago around Vancouver. Rents cover ALL expenses with a few hundred left over each month and the 3 apartments have appreciated in the hundreds of thousands.

Tell me it was a bad investment? Others will call it blind luck, but I timed the market that I saw heading to the moon.

Hopefully your timing luck will hold out – as you will need to time your exit just as nicely to realize any of those paper gains.

I had several co-workers back in the day who told me how much they “made” on Nortel too.

Except they didn’t.

They could not crystalize their gains at 120.00 as it was going to go up to 150.00 very soon without a doubt. Instead they tobogganed to the bottom hoping it would come back the whole way down.

If you’ve made 300 grand in two years and have not sold yet, you won’t, too attached to your big winners. I’ve seen it too many times.

If the market tips over, you will have just days to sell those apartments before you begin to lose your gains.

You are going to have to sell when your apartments are still appreciating and everything looks rosy. 1 day late and you’re screwed.

You got a lot of skin in the game, it’s not going to be easy.

#186 technical analysis? on 01.23.18 at 3:34 pm.

perhaps Garth can explain the collapsing USD …. and what it means.

Hardly looks like a ‘collapse’ to me. & # 8211; Garth.

2018 “Best Countries Report” according to US news and world report ranks Canada as number 2.

Reasons cited: most business-friendly, most modern, entrepreneurship, quality of life, starting a business, most forward-looking countries, headquartering a corporation, raising kids, transparency, green living, education, retiring comfortably, women.

As I have been saying for a while, our stability/boringness is what is attractive…especially in a world riddled with corruption.

#183 InvestorsFriend on 01.23.18 at 3:30 pm.

“The Servers are getting in tips four times what the KEG income fund gets and apparently also about four times what the franchise company was getting.

I highly doubt that the manger / owner of a KEG makes a bottom line profit of 15%.

Is there something wrong with this picture?”

-No there is not. It’s just you (serious). People can tip whatever they want, even though there are norms (15% like you said). It’s a practice that allows people without specific skill sets to make a livable wage. When they have more money in their pocket they buy more crap.

Are we against others having money now? If you don’t like it, then become a server.

Besides, most servers may stay at a place for a very short time. I’m sure they could not care less about the fund that you are talking about.

#189 technical analysis? on 01.23.18 at 4:04 pm.

Hardly looks like a ‘collapse’ to me. – Garth.

maybe you haven’t looked at a chart of the USDX. lowest level in over 3 years. down 12% yoy … it’s in free fall… i’m sure your resident technical analyst can explain it to you.

Bitcoin is in ‘freefall.’ The US$ is right where the Americans want it to be. Duh. & # 8211; Garth.

Since when is being called female an insult? Are you people still in grade school or what? Come on, grow up.

“#154 Duke on 01.23.18 at 10:52 am.

Worse yet, your mortgage payment is not rental expense.”

The interest on your mortgage IS an expense, and is tax-deductible (against your rental income). The principal payment is not, nor should it be, because you’re essentially paying yourself (by increasing your equity).

You are paying down debt, not increasing equity. That only happens if the property maintains its value. Don’t count on it. & # 8211; Garth.

#192 Cottingham a bargain on 01.23.18 at 4:11 pm.

#66 BTTT on 01.22.18 at 7:44 pm.

turner math: where $0 of your mortgage payments is considered to be building you equity.

Sure the cost to operate the rental is $700 more than the incoming cashflow, but at one point the owner will sell and recoup equity.

Paying back debt is paying back debt. Meanwhile the losses are real. – Garth.

The above really does seem to be the difference between Garth’s thinking about building equity in the increased payment costs over rental income, which he seems to disconnect by as unimportant, and guys like me who see the long term value in the proposition and who have done exceptionally well with the equity pay down principle.

Not judging Garth. It’s just that I have seen this opposing viewpoint in this site so many times and have determined that it really seems to be a blind spot for the non believers .

I find Heiken-Aski candlesticks to be a nice blend between Renko plots and regular candlesticks. For me, I can visualize the trend dynamics better.

#186 MF on 01.23.18 at 3:45 pm.

2018 “Best Countries Report” according to US news and world report ranks Canada as number 2.

Reasons cited: most business-friendly, most modern, entrepreneurship, quality of life, starting a business, most forward-looking countries, headquartering a corporation, raising kids, transparency, green living, education, retiring comfortably, women.

As I have been saying for a while, our stability/boringness is what is attractive…especially in a world riddled with corruption.

blessed are the poor in spirit for theirs is the kingdom of heaven.

UK and Canada have no place in this rating.

#167 Another Deckchair on 01.23.18 at 1:12 pm.

#173 n1tro on 01.23.18 at 1:49 pm.

& amp; to all the others with similar comments.

Totalmente de acordo. I don’t see any echo chamber in here – lots of different points of view on almost every topic. Garth might call out the Millennials (in a humorous way) more than others, but it does fit in with the Bank of Mom phenomena (pretty sure the parents of most boomers have passed along…).

However, only one “person” in my time here has been a troll. He/she/it/they/zir engaged in very clear trolling behaviour – posting inflammatory information with the express purpose of hijacking the comments around the poster, rather than the topic at hand. How many posts were by this person, and then in response? Often over 50%. Hardly was a “dialogue” going on.

Anyways, Garth’s blog and he can do what he wants. Personally I find it better without, as there can indeed be more discussions (from all sides of the spectrum) without the shouting and baiting.

And for some that might read this and claim me/we are snowflakes that want our safe spaces – não. I am not shy to take on any and all opinions. Don’t always have the time to write, but actually quite like the debate. SCM was just a small barking dog though – like that pesky one from Loony Tunes. Annoying, and if they won’t shut up, then you inevitably will move away from the noise, but not something that you really give much thought to.

#186 MF on 01.23.18 at 3:45 pm.

Feeling good about yourself and ignorance is paramount for the slaves to be happy.

You have to feed it to them constantly.

#183 InvestorsFriend on 01.23.18 at 3:30 pm.

Restaurant Math – Servers Win.

The Keg franchise company was just sold to Cara for $200 million. They don’t own the restaurants but they own the concept and set all the rules and do the advertising.

Meanwhile the Keg Income royalty Fund is asepaerate entity that trades and has value because it gets a 4% royalty or franchise fee off the top line. It’s worth MORE than the franchise company and has a value of $233 million based on getting 4% off the top line.

Meanwhile North Americans have somehow decided that servers deserve 15% at a minimum off the top in addition to their wages. If they average 16% that is FOUR times what the Royalty fund gets and that’s in addition to their wages. The capitalized value of 16% of revenue is apparently close to a billion dollars ($233 times four)

The Servers are getting in tips four times what the KEG income fund gets and apparently also about four times what the franchise company was getting.

I highly doubt that the manger / owner of a KEG makes a bottom line profit of 15%.

but he eats for FREE.

#186 MF on 01.23.18 at 3:45 pm.

2018 “Best Countries Report” according to US news and world report ranks Canada as number 2.

Reasons cited: most business-friendly, most modern, entrepreneurship, quality of life, starting a business, most forward-looking countries, headquartering a corporation, raising kids, transparency, green living, education, retiring comfortably, women.

As I have been saying for a while, our stability/boringness is what is attractive…especially in a world riddled with corruption.

Here is what was quoted in the article about #2 Canada;

Also in the top 10 best countries for: most business-friendly, most modern, entrepreneurship, quality of life, starting a business, most forward-looking countries, headquartering a corporation, raising kids, transparency, green living, education, retiring comfortably, women.

Most business friendly? OK (LOL!)

Most modern? OK (OMG really?!)

Quality of Life? OK (LOL!)

Most forward looking countries? OK (LOL!)

Headquartering a corporation? OK (Is this whay they’re all leaving? – How many international company’s have their headquarters in Canada anyway?)

When you see these kinds of articles, simply scroll to the bottom to see the links to the other trash they’re “reporting”. Tells you all you need to know about how seriously you should take the info.

#196 Penny Henny on 01.23.18 at 4:56 pm.

but he eats for FREE.

Isso é ilegal. Each employeer provided meal has to be reported on your T4 form as a taxable benefit.

Another open question, this one is totally open.

“Bank of Mom”…why do so many of you folks get your colons knotted by a parent just giving a child cold hard cash when they want to? Give it to a child or pay 30-53% tax on its earnings. If giving it doesn’t disadvantage the parent then what’s concern is it of anyone else.

Is this just envy because someone else gets something your parents can’t or won’t give you? Or do you resent that someone else’s gift to their child somehow inflates the price you might pay for a different house when you aren’t here griping?

Sure, it would certainly be a better “investment” if the child waited until the market corrected and the gift went farther but really, so what.

#191 Cottingham a bargain on 01.23.18 at 4:11 pm.

& # 8230; building equity in the increased payment costs over rental income…

That’s the same thing as getting a second job and investing your paycheque.

You’re working harder, and sacrificing more trying to keep a bad investment in the black.

You’d better pray the market doesn’t turn against you – you’re shelling out every month on top of rental income to keep the dream alive. The hope for appreciation is all you got left for your efforts.

#130 acdel on 01.23.18 at 1:29 am.

If I were an American, at the elections, I would probably not have voted due to not being terribly drawn to Trump but especially not to Hillary; the worst of the worst! Sorry Garth, we know you loved her!

This kind of logical fallacy annoys me.

-“So that must mean you love Hillary!”

No, that’s not how things work.

#86 Smoking Man on 01.22.18 at 9:05 pm.

“#67 Prematurely Banned Canadian Millenial on 01.22.18 at 7:44 pm.

Is this what you were trying to say.?”

Hilarious Smoke, thanks for the guffaw – we could add a measure or ten of high-pitched yowling and some sheet metal noises from it banging around inside of the garbage can.

kelly leitch goes back to what she is not what she was supposed to be?

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Direitos autorais & copy; 2007-2017 Garth Turner. Todos os direitos reservados.

The views expressed are those of the author, Garth Turner, a Raymond James Financial Advisor, and not necessarily those of Raymond James Ltd. It is provided as a general source of information only and should not be considered to be personal investment advice or a solicitation to buy or sell securities. Investors considering any investment should consult with their Investment Advisor to ensure that it is suitable for the investor's circumstances and risk tolerance before making any investment decision. The information contained in this blog was obtained from sources believed to be reliable, however, we cannot represent that it is accurate or complete. Raymond James Ltd. is a member of the Canadian Investor Protection Fund.

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How To Make Money Trading Bitcoin.

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A Beginner’s Guide to Trading Bitcoin for Profit.

Exchangers and Traders.

Bitcoin offers us all the opportunity to ‘be your own bank’. But that isn’t just limited to storing your own digital money balance in an app or on your computer rather than on a bank’s computer systems. It can also extend to helping to provide financial services to your peers, such as currency exchange services, or becoming a currency trader – both of these things are more accessible to regular folks who will find a much more level playing field compared to the traditional markets, which give unfair advantage to traders from the big banks.

Perhaps the simplest way to get involved in trading Bitcoin for profit is as an exchanger. All you need to do is to join a peer-to-peer exchange marketplace like Bitsquare or LocalBitcoins. You can then provide a service in your local area, buying and selling coins. To make a profit you just need to add a spread – for example offering to buy for 2% below market price and sell for 2% above. If you can offer convenient ways for people to deal with you – perhaps even including in-person deals – and if you are always ready to make a deal without delays, then your customers will be happy to pay this percentage which is called you ‘spread’. Be aware, however, that you will probably need to make a few deals by replying to other people’s ads before and paying the spread yourself to gain reputation before you gain enough reputation to have your own ads show up near the top of search results and buyers trusting you enough to take up your offers.

Being an exchanger doesn’t really require a lot of financial analysis, and that’s why it’s the easiest way to start. Being a ‘trader’ requires more knowledge and skill. A trader will often use online exchanges, and will aim to buy or sell depending on whether they think the price will rise or fall. They may still be providing a service, by filling up the orderbooks with offers that can be taken up by people wanting to buy and sell for more practical purposes. But their main focus is not on providing a service to customers, building up relationships and offering great customer service – their focus is on simply making or taking offers, as a kind of bet on whether the market will go up or down.

There can be a fairly smooth transition between being an exchanger and a trader, and if you want to become a trader offering peer-to-peer exchange services can be a good way to start, which is why I decided to include it in this introductory section. As long as the market is not rising or falling too quickly it is possible for an exchanger to make money regardless of whether the price is going up or down. But at the same time, if the market is rising then it makes sense to buy more than you sell, by either offering a better buy and not so good sell price, or buy just buying and taking all your sell offers down altogether. So an exchanger can increase their profits by becoming a trader, whilst offering exchange services gives would be traders a lower risk way to experiment and test their skills.

Even on a more centralized exchange, where you do not deal directly with the other person, you can, to a small extent, increase your profits by offering exchanger services – by making rather than taking offers. By placing offers onto the orderbooks rather than accepting offers which are already there you can potentially get a better price. Because you are also providing a service – you are being the ‘market maker’ who allows the exchange website to act as an exchanger without having huge amounts of their own capital by adding your own liquidity, many exchanges will also offer you incentives to be a maker rather than a taker. This can come in the form of reduced trading fees, zero trading fees, or even bonus and rewards. Being a ‘market maker’ or ‘exchanger’ as well as simply betting on the market going up or down is your first lesson in trading bitcoin for profit, the rest of this article will deal with how to make a profit from correctly predicting the future direction of the market.

Common Bitcoin Trading Strategies.

If you want to be successful then you need to have a clear and well-defined strategy. You need to know exactly what you want when you open a trade – how much profit you want before to build up before taking it, how much loss you can stand before admitting defeat and so on. You need to know what timescale you are looking at and what kind of changes would make you rethink. To help you develop your strategy you might want to look at a site like KoCurrency which helps bitcoin investors gain access to various insights including “smart crowd” powered bitcoin price predictions.

There are a few broad categories of trading strategy which may give you some idea where to start:

Using Prediction Markets.

Prediction markets, such as KoCurrency, allow users to follow cryptocurrency price predictions based on the prediction history of the “smartest” members of the crowd. Every prediction is charged with an incredible amount of information. Platforms like KoCurrency allow users to copy the trading patterns of the smartest members of the crowd. This is a great way for new investors to learn from the most successful crypto investors.

Riding the Trend.

Most financial markets will have long-term price trends, in which the general direction of motion will be in one direction for months or years at a time. The price will zig and zag up and down all the time, of course, but a clear trend will remain.

Some longer term traders will simply look for this long-term trend and trade in that direction. You do not even have to spot the point at which a trend turns and a new one begins in the opposite direction, as long as you don’t need to cash out any time soon. If an average trend takes 1 year to complete, then it really doesn’t matter if it takes you 5 months to be confident that it’s a new trend – you will still be right enough of the time to come out in profit (this is a gross over-simplification, of course, but is simply meant to illustrate my point).

Analise fundamental.

Fundamental analysis may be more familiar to stock market investors, but can also be used as a bitcoin trading strategy. All it means is that you look at the fundamental data which affects the price – number of wallets, number of active wallets, number of transactions per day, volume traded on exchanges, volume reported by retailers who accept BTC, and so on. You then use this data to estimate what you think Bitcoin should be worth right now. You can then decide whether you think it is currently undervalued or overvalued (and how confident you are in that assessment) and then buy or sell accordingly.

Negociando as notícias.

The price will often go up or down according to what is happening in the news. For example, a big exchange getting hacked or a government announcing draconian legislation may make the price go down, whilst exciting new start-ups getting funded, established businesses integrating bitcoin or friendly regulations being announced may all make the price rise.

Trading the news directly is very difficult to do as your main strategy – because its difficult to always hear the news first and react instantly. Most of the time, the market will already have moved before you get there – although if you are an obsessive news junky who is always logged into an exchange website or app then you may be able to get their first often enough for it to be worthwhile.

Another method is to capitalize on corrections. Often the market will over-react to big news stories as people get caught up in the moment or jump on the bandwagon without really thinking things through properly. Because of this a 20% fall, for example, will often be followed immediately by a 5-10% rise as the market corrects this over-reaction. This provides an additional way to trade the news and make a profit.

Swing Trading.

All of the methods described above are long or medium term strategies. They will probably take many months or years to generate a good return for you, and you can easily end up taking losses or making minimal profits for many months on end. A faster paced way to either make or loss yourself a lot of bitcoin is day trading – buying and selling on the basis of short-term price movements, over the course of minutes, hours or days rather than months or years.

The most common strategy for day trading is ‘swing trading’. This method uses a range of technical indicators (see the section below on technical analysis) to look for the turning points in short-term trends. You can then profit from the daily swings up and down in the price of btc, regardless of whether the long-term direction is up or down.

This often involves looking for ‘support’ and ‘resistance’ níveis. A support level is one where a downward price level is expected to meet resistance as buyers come into the market to pick up a perceived bargain, whilst a resistance level is one where an upward price move is expected to meet resistance of sellers taking a profit.

Bitcoin Technical Analysis.

Technical analysis is the use of mathematical formulae and chart patterns to predict the future direction of price movement. Unlike fundamental analysis, technical analysis is based purely on past price data (and perhaps volume data). It therefore says nothing about whether the price is too high or too low objectively. Rather, technical analysts believe that there are certain repeating patterns and trends which will appear in any market.

Many of these are postulated to be based on human psychology – the idea that people just tend to act in a certain way to various price movement. Some analysts also suggest that changes in the real underlying value are priced in by market participants themselves, and therefore studying the actions of these market participants gives you all the knowledge you need.

Bitcoin Trading Signals.

If learning technical analysis is too much for you, then you can always get someone else to do it for you. Signal providers use technical analysis to provide you with alerts when they think you should either buy or sell. You will normally have to pay for a subscription to a service like this. There is one nice looking signal provider I have found (but haven’t tested so this is no recommendation):

Bitcoin Derivatives and Trading Platforms.

Trading Bitcoin on Margin.

Margin trading is a way to increase the amount you stand to make as profit or loss from any movement in the market. You do this by borrowing money to make your trade and using the currency or asset you buy as collateral. Por exemplo:

You have $100 to buy bitcoin. Instead of just buying with that amount, you borrow $900 and buy $1000 worth of bitcoin. This is 1:10 leverage. Now, if the price goes up by just 1% you gain 10%, but if it falls by just 5% you lose 50%.

When you are trading on margin there will also be an automated system which will sell if the market moves too far against you, because they want to limit you loses to less than the initial capital you provided. So in the example above, if the price drops by 9% then you will already have lost 90% of your money. If that was to continue then you would lose all of your own money and start losing your creditors money which was lent to you for the trade. To stop this, you will hit a ‘margin call’, which means that your trade will be automatically closed for you.

Two popular exchanges which offer margin trading via peer-to-peer lending are:

Another way to margin trade either bitcoin or litecoin is to use ‘electronically traded funds’ or ETFs such as those provided by Plus500. These are funds whose price tracks that of bitcoin, but no actually coins are held by the fund. Generally this is only available for day traders as all of your trades will be closed at the end of the day, but it can mean lower fees than using an exchange and you get instant access to 1:10 leverage, whereas the leverage available on the exchanges listed above depends on what other users are offering at the time.

How To Trade Bitcoin Futures.

Futures are a contract which gives their buyer the right to make a purchase at a particular price, at a particular date in the future. They can be used by people who own a lot of btc as a ‘hedge’ so that they don’t lose as much if the price goes down, and they can also be used by speculators as a way to make a profit by correctly predicting the whether the value of btc at a given date will be higher or lower than it is today.

You can trade bitcoin futures on the OrderBook website.

BTC Options Trading.

Coinut provides a trading platform for binary and vanilla options and the ability for users to select their own strike price.

Algorithmic Trading: Using a Bitcoin Trading Bot.

If you are serious about day trading then, eventually, you will probably want to get involved in algorithmic trading. This is when you program a ‘bot’ (short for robot, but actually a computer software program) with a few simply rules about when to buy and sell and then just let it loose with your money. Most exchange websites have an API which bots can use to place orders on your behalf and fetch data from their orderbooks.

If you want to create your own bots then you will probably need to learn how to use software like Matlab, specialist software for performing mathematical operations, as well as enough programming to make use of the APIs provided by the exchanges you want to trade on.

To get yourself started, however, I would recommend using a service like CryptoTrader. They have some ready-made bots, some of which you can use for free and others which you can purchase. Most bots from CryptoTrader will work on all the big exchanges and will come with data about their historical performance and the strategy they adopt so that you can pick one which is right for you and has a good chance of making you a profit. They also have tools that you can use to make it a little bit easier on yourself if you do decide t get started with programming your own bots.

25 Comments Already.

Artigo legal! I think you left out my very best method for making money trading with Bitcoins. You can trade forex stocks with bitcoin which is where all the volume is. If you’re interested (which I highly recommend) try it out here: 1broker/m/r. php? i=8192.

link is invalid? is there another?

simply go to 1broker. You can also make make use of their social program, where you copy the trades of successful traders.

Obrigado por compartilhar esta informação! I have been seeking for beginners advice. Finalmente.

Este é um ótimo artigo. Obrigado!

I’m trying to steal small margins to earn 100EUR each day. To cover living expenses. This article gave some great new insights.

Glad you found it useful, citizen.

How has this been working out for you? And on what website?

Trading causes a dangerous addiction to the money leading an individual to spend his life in the research of profit that is contrary to religious ethics.

You may be surprised to hear, given that I wrote this article, that I have some sympathy with that perspective – thanks for sharing it.

I would add, however, that up to a certain level traders do serve a useful function of providing liquidity without which ordinary people would not be able to trade (ie exchange for practical purposes rather than profit) without paying a very large ‘spread’. In many markets, however, and particularly traditional financial markets, the level of speculative trading goes very far beyond what would be needed to serve this purpose and indeed I do agree that it is then a net drain on society rather than a benefit and can legitimately be called into question on a moral basis.

Thanks for your clarity in this article! Total beginner here, I was wondering when you’re starting out as a bitcoin exchanger (eg. on LocalBitcoin) do you buy your bitcoins cheap from another seller on LocalBitcoins, or do you buy your bitcoins from one of the external bitcoin exchanges/marketplaces? (eg. Bitstamp or Bitfinex)?

Also, when in the process do you buy the bitcoins?- Do you buy the specific amount of bitcoins requested after a buyer has contacted you (wouldn’t that take too long?)?

Hope to hear back from you,

Thanks for your clarity in this article Dean! Total beginner here, I was wondering when you’re starting out as a bitcoin exchanger (eg. on LocalBitcoin) do you buy your bitcoins cheap from another seller on LocalBitcoins, or do you buy your bitcoins from one of the external bitcoin exchanges/marketplaces? (eg. Bitstamp or Bitfinex)?

Also, when in the process do you buy the bitcoins?- Do you buy the specific amount of bitcoins a buyer wants after they contact you, or would that take too long?

Hope to hear back from you,

Well there’s no fixed answer on where to buy really, and it will change over time according to the spread in different places. Ideally you should monitor various different places and buy from wherever you can get the best deal. You can place offers below the market rate on lbc and hope to get then filled occassionally, but then top up your balance by getting some elsewhere when needed.

I think you probably should buy in advance or you may end up getting negative feedback for taking too long. In my experience once you have a bit of a trade history on lbc it doesn’t take long to get your offers taken.

hi am interested but dont know where to start.

Hola Hello, thank you for this article so interesting. The pages of trading signals bitcoin not work, you have the links updated?

Obrigado por me avisar. I’ve updated the page. Unfortunately there is now only one signals provider but they do seem quite good. If you find any others please come back to let us know!

Thanks for your articles. Trading futures and spot, or spot with swap will guarantee you some amount of profit. coinour/index. php/the-profitable-trading-strategy-for-basis/

Pretty interesting article, but maybe not enough said on Bitcoin trading! Visit my blog for more information on Bitcoin trading and the profitability!

Hi dean good article, how much as a beginner would I need to invest to see a reasonable return? And how long would it take to establish myself once I buy bitcoins?

Difficult questions to answer. I’d say just give a a go with whatever you have and feel comfortable with and then maybe build up the amount as you gain experience. I have no idea how long it would take to establish yourself as it depends how much work you put in and whether you offer good terms to get lots of trade early on.

This is a good article .

I think the risk is everywhere . So that, the best way is using a effective strategy to trade. such as hedging strategy. Because it dealing without fear and greed.

Ótimo artigo ! Trading bitcoin can be tough but you can make it work if you spend enough time researching the market. Here’s a link to a good site I found that has decent information on how to trade bitcoin. There’s stuff on there about technical indicators, the trend, candlesticks etc. Check it out if you’re interested in learning how to trade bitcoin properly.

how do i make profit, if i satrt bitcoin with $1000 USD… how do the profit come? am confused.