Trusted Tips and Resources

Trusted Tips & Resources

Ready To Retire? Trusted Regina Financial Advisors at Worby Wealth Management Share Their Advice

Finding the shortest and safest route to any of your dreams requires planning and only with a carefully thought out financial plan can you be sure to make the most of your resources and to protect against risks along the way.  At Worby Wealth Management, Chris & Jeremiah Worby will do their best to help you achieve those dreams with a plan that is tailored to your specific needs and based on your individual situation.

Let Trusted Regina Financial Advisors Chris & Jeremiah Worby of Worby Wealth Management help you live your dream!

Expert Financial Advice Regarding Retirement.



Retirement Considerations


One of the biggest financial questions on everyone’s mind is whether or not they will have enough money to retire?  Not only do savings and investments need to be taken into the equation, income and expenses also need in-depth analysis.

 

Income*

 
Old Age Security (OAS)


The OAS pension is a monthly pension payment payable to eligible individuals.  OAS pension benefits are considered taxable income. To be eligible for full payment, you must:

• be 65 or older

• be a Canadian citizen or legal resident of Canada at the time of application approval

OR

• if you no longer live in Canada (a non-resident), you were a Canadian citizen or legal resident of Canada on the day preceding the day of departure from Canada

• have lived in Canada for a minimum of 10 years (or 20 years for non-residents) after reaching age 18

Individuals who have lived in Canada for 40 years after the age of 18 are eligible for 100% of the OAS pension benefit.

 

 

Canada Pension Plan (CPP)


CPP program benefits, except for the death benefit, are indexed annually for increases in the cost of living.  In order to receive CPP program benefits, eligible individuals must apply.  Benefits are not automatically paid once someone reaches the age of eligibility.  Applications are accepted via two methods; online through the My Service Canada Account, or via paper forms mailed to the applicable Provincial CPP office.

You can start receiving CPP as early as age 60 (at a reduced rate) and as late as age 70 (at an increased rate).  The maximum CPP payment in 2022 is $1,253.59 a month.

 

Tax Free Savings Account (TFSA)

The tax-free savings account (TFSA) provides a way to earn investment income tax-free.  Whereas other registered accounts allow the deferral of tax on income earned within the plan; the TFSA is unique in that any investment income earned within the plan is tax-free when it is withdrawn.  In order to open a TFSA account, you must have reached the age of majority, defined as age 18 or 19, for the province or territory in which you live.  The types of investments permitted in a TFSA include cash, mutual funds, securities listed on a designated stock exchange, guaranteed investment certificates (GICs), bonds, and certain shares of small business corporations.

The annual TFSA dollar limit was established at $5,000 in 2009, the year that TFSAs were introduced as a registered account.  Any unused amounts are carried forward to future years.  The $6,000 contribution room for 2022 means the lifetime contribution limit is now $81,500.

 

Registered Retirement Savings Plan (RRSP)


A registered retirement savings plan (RRSP) is a type of registered savings plan set up underthe Income Tax Act and registered with the Canada Revenue Agency.  An RRSP is not an investment; you cannot buy an RRSP. Instead, an RRSP is a registered investment vehicle within which investors can deposit various types of investments.  In order to contribute to anRRSP, an individual must have earned income.

The growth of money invested inside an RRSP is not subject to tax until it is withdrawn.  In other words, the tax payable on investment growth is deferred until the future.  Since income earned inside an RRSP is tax-sheltered, RRSP investments grow much faster than non-registered investments held outside an RRSP.


Find out more

Whether you’re 30 years away or just a few months from retirement, proper retirement planning is essential. Contact Worby Wealth Management to start planning your retirement today.

 

*Source: Canadian Investment Funds Course




Some of the services that Worby Wealth Management can help you with: 

TRUSTED REGINA FINANCIAL ADVISOR Chris Worby from Worby Wealth Management helps you live your dream!



Regina Financial Advisors John Barabe and Madison Schenher Tip On Printing Our Troubles Away

John Barabe and Madison Schenher understand that everyone's financial situation is unique and that managing your wealth can be complex and time-consuming.  they have has an unwavering commitment to quality and service which has enabled John to build and retain a successful practice in Regina. The team of Regina financial advisors and support staff believe that planning with honesty and integrity are cornerstones to improving their clients' quality of life. They apply their knowledge to help clients make the right choices when considering all the product and service options that exist in today's marketplace. In their latest Regina financial advisors expert article, John and Madison discuss currency, printing money and inflation. 



Can a government simply print more of their currency and distribute that “wealth” to the masses to make everyone rich? We know that is not true. If it were, the people in Germany would have been vastly rich in 1923. Instead, they were destitute1. The photo below is of kids playing with a worthless currency, and besides, that is a loaf of bread priced at 4.6 million marks, all from the most famous currency collapse in history. 


Even though this memory is very distant, and nearly all of those directly affected are no longer alive, to this day Germans are heavy buyers of gold and silver. If what was done over there (printing) is now being done here, what lessons, if any, can be learned?  

 

Over the last 2 years, governments around the world have printed on average $834 million dollars every hour of every day, with no end in sight2. The U.S. is printing more monthly than it ever has in history2. Oh, and we are told this inflation is temporary. Or is it? 

 

Let’s say the U.S. cannot stop printing. They are in a bind and believe that printing is the solution. It does seem to be the case considering their reaction has continually been to print for every crisis. If this is the case, they will water down the currency value quickly. Think about what is already happening. Commodities have been gaining value and that reflects inflation. Thinking of this another way, the dollar is losing value to commodities, so stuff gets more expensive. Either way, inflation rises. Higher inflation means investors need to be compensated. A GIC holder will want a higher rate to offset the higher inflation. Extreme debt levels held by people, companies and governments suddenly become more expensive to maintain as interest rates go higher. Can the government afford higher interest rates?



Let’s take the other side of this and say the U.S. stops printing. In order to keep interest rates low, they currently print to buy the bonds to keep the bond prices at their highest ever levels (and conversely interest rates at their lowest levels – the effect of overpaying for the bonds). They are printing very large amounts to purchase this debt. If they stop printing, this extremely large buyer would likely leave a void. With this significant drop in demand for the bonds, the price would also logically drop, and interest rates go up. But that is exactly what no one can afford. Governments included. 

 

There is another alternative. The U.S. stops printing and defaults on their bonds. Pension plans, mutual funds, individual investors and foreign investors all own these bonds. If the government were to default, all the bonds in all these portfolios would become worthless (or worth very little depending on how many pennies per dollar of debt they are willing or able to still pay). I highly doubt this would happen but must admit it is possible. I suspect based on the track record the U.S. has with printing (as do all the other countries of the world) they will continue. History is full of examples of governments continuing to print, and then when things get worse/inflation rises - print more, and so on. 

 

There are other troubling events taking place in addition to the incessant printing. Since the backing of the dollar was removed on August 15, 19713, gold and silver were replaced with military might. Use our dollar to sell your oil (or else). A deal was struck with Saudi Arabia and then the rest of the OPEC nations in 1974. This was crucial to creating demand for U.S. dollars. All oil must be sold in U.S. dollars, and the reserves invested into U.S. debt. Then we have your back (militarily speaking)4. Fast forward to 2021 and Biden suspends arms sales to Saudi Arabia3. The U.S. just pulled out of Afghanistan around the end of June. Then August 23rd Russia signs a deal with Saudi Arabia in a joint military “cooperation”3. So much for the nearly 50-year-old deal that the Saudi’s had with the U.S.! Saudi Arabia was always the principal country with the U.S. oil deal. The Russian deal is most likely military for oil and is unlikely to be in U.S. dollars.

 

Is the demand for U.S. dollars slipping away? Saudi Arabia is the largest OPEC oil-producing nation. That would create significantly less demand for the dollar. If Saudi Arabia no longer sells oil in U.S. dollars, that would likely open the flood gates for other OPEC nations to also sell in other currencies. This is a really big deal. If countries buying oil no longer need U.S. dollars, the demand for the dollar will drop, most likely along with the value. This will cause further inflation (maybe big inflation)! 

 

The U.S. has well past 28 trillion in debt7. The only way this is manageable is with interest rates near zero. If the dollar drops, the value in purchasing power of the bonds drops, even if the bond price were to stay high. The more they print, the weaker the dollar will become (logic) and the higher inflation will go. 

 

When we said manageable, we should correct ourselves. As of 2019, 75% of the U.S. budget was mandatory spending. This mandatory spending represented 95% of their total revenue. In 2020 for the first time in U.S. history, mandatory spending alone is greater than their total revenue.  Problems, where printing is the likely solution, are not confined to the U.S. We reported long ago about ghost cities in China 8


.  


 China’s largest real estate holding company Evergrande cannot make its payments (*9). Evergrande is 5 times the size of Lehman  (the U.S. bank that crashed the stock market in 2008). A number of other Chinese developers have now missed or delayed payments. Much more to this story than this short update allows.




 

Regardless of inflation and fundamentals that signal this could get worse, there are things you can do. Being aware of the dangers allows you to protect yourself and even profit from the opportunities they provide.

 - John Barabe, Madison Schenher and team.



 

https://historydaily.org/germany-hyperinflation

https://www.wsws.org/en/articles/2021/06/17/pers-j17.html

https://dailyreckoning.com/834-million-every-hour/  

http://www.jsmineset.com/wp-content/uploads/live/de1238cf49bc_6EAC/image0011.jpg

https://www.marketwatch.com/story/this-is-how-much-money-exists-in-the-entire-world-in-one-chart-2015-12-18

https://www.forbes.com/sites/rmiller/2021/06/24/government-deficits-the-debt-money-and-inflation/?sh=477248a42340

https://www.americanthinker.com/articles/2021/02/the_federal_reserve_is_taking_us_into_uncharted_and_deadly_waters.html

http://www.jsmineset.com/wp-content/uploads/live/0292cbb0d92f_68F9/image005.jpg  printing cartoon

https://www.zerohedge.com/economics/gundlach-warns-us-roadmap-losing-global-reserve-currency-status

https://www.youtube.com/watch?v=7_Xw5tWsOQo

https://www.breitbart.com/middle-east/2021/08/24/russia-saudi-arabia-sign-military-pact-amid-chaotic-us-withdrawal-afghanistan/

https://www.breitbart.com/middle-east/2021/01/27/report-biden-suspends-arms-sales-to-key-arab-allies-in-the-middle-east/

http://www.jsmineset.com/wp-content/uploads/live/c03799037f1d_902A/image0031.jpg

http://www.jsmineset.com/wp-content/uploads/live/c03799037f1d_902A/image0021.jpg

http://www.jsmineset.com/wp-content/uploads/live/Jims-Mailbox_93E3/image012.jpg

https://www.nytimes.com/1974/06/09/archives/milestone-pact-is-signed-by-us-and-saudi-arabia-acclaimed-by.html

https://citizentruth.org/the-secret-deal-that-formed-the-us-and-saudi-arabias-special-relationship/

https://schiffgold.com/key-gold-news/50-years-ago-nixon-slams-shut-the-gold-window/

https://usdebtclock.org/

https://www.ndtv.com/offbeat/why-china-has-over-50-ghost-cities-2032322

https://usnewsrevolution.com/evergrande-is-collapsing-will-not-make-its-massive-debt-payments/

https://www.asiapacific.ca/asia-watch/massive-chinese-real-estate-company-verge-collapse

https://www.btimesonline.com/articles/151365/20210914/analysis-chinas-house-of-cards-evergrande-threatens-wider-real-estate-market.htm

https://www.zerohedge.com/markets/china-braces-nightmare-scenario-evergrande-offers-broke-investors-discounted-apartments

10 Posted September 15th, 2021 at 8:56 AM (CST) by Bill Holter & filed under Jim's Mailbox in https://www.jsmineset.com/.

11 https://charleshughsmith.blogspot.com/2021/09/ministry-of-manipulation-no-wonder.html

12 https://www.scmp.com/business/banking-finance/article/3152146/evergrande-china-faces-challenging-trade-offs-addressing

12 https://finance.yahoo.com/news/evergrande-crisis-developer-modern-land-093000822.html

12 https://www.youtube.com/watch?v=elpBYWvmmJA&t=476s

 

I am sending this out as material information to keep everyone informed. This is not a solicitation for any investment. Before making any investment decision, please contact us for professional investment advice through our extensive planning process. This is only meant to provide perspective and update you as best as I can from the extensive ongoing research that we do. 

The opinions expressed within this article/communication are those of the Financial Advisor and are not necessarily those of Keybase Financial Group Inc. Any data provided is for illustration purposes only. Clients and prospective clients should always read a product prospectus and fully understand all of the risks associated with the product before purchasing. Any information relating to the discussion of taxation issues is considered to be only general in nature. Clients should seek a qualified tax professional to discuss their specific tax requirements.

Third-party publications are not prepared by Keybase Financial Group Inc. The opinions, estimates and projections contained in the publication are those of the author as of the date indicated and are subject to change without notice. Keybase Financial Group Inc. makes no representation or warranty, express or implied, in respect thereof, takes no responsibility for any errors or omissions which may be contained therein and accepts no liability whatsoever for any loss arising from any use of or reliance on the report or its contents. The provision of this publication is not to be construed as an offer to sell or a solicitation for or an offer to buy any securities.

Keybase Financial Group Inc. is a member of the MFDA and is a member of the MFDA IPC.

 

Regina Financial Advisors John Barabe & Madison Schenher Share A Boom Bust Report

John Barabe and Madison Schenher understand that everyone's financial situation is unique and that managing your wealth can be complex and time-consuming. They have an unwavering commitment to quality and service which has enabled John to build and retain a successful practice in Regina. The team of Regina financial advisors and support staff believe that planning with honesty and integrity are cornerstones to improving their clients' quality of life. They apply their knowledge to help clients make the right choices when considering all the product and service options that exist in today's marketplace. In their latest Regina financial advisor expert article, they share information on investment strategies and how to keep up with the pace of inflation.

It Begins!

 

In December, Michael Oliver wrote that 2022 will be one for the record books. January 9th title was “seat belts.” January 23rd, “it begins.” 

 

He had been alluding to this break in the Nasdaq (NDX 100 Index). Well, we got it. 


   

 #1.


Keep in mind how important it is for this market to be breaking down. This is the infallible U.S. stock market that only goes up. The run-up has been fueled by printed money to such an extent that it is the longest and most overpriced ever (by many measures). 

 

What is the reaction to this event? The U.S. central bank (the Fed) has been clear with its intention to raise interest rates and stop printing in short order (ha). IF THEY DO: then the decline of the stock market is likely to continue until markets finally buckle. What is more likely is the Fed will cave soon and do what they can to “rescue” the stock market. This means even more printing and doing what they can to keep interest rates low. 

 

This industry still believes that bonds will save you from your stock losses (balanced approach). As you all know, printing is what causes inflation. Inflation is getting ugly, and if the reaction is to print more and more, inflation is going to get worse. Their “rescue” is causing the problem. The higher inflation goes, the more investors in GIC’s, term deposits, and bonds will need to be compensated. The most extreme low-interest rates in human history caused the “everything bubble” (stock, bond, and real estate) that we are in. Higher interest rates, forced by inflation, will pop that bubble. 

 

We have been making clients aware of this and carefully constructed portfolios with all the above in mind. If you have any questions, please feel free to reach out to us.

 

Thank you for reading this article. We would like to offer you a value-added service for your time. We will make ourselves available to act as a sounding board. Please understand, you do not need to become a client to take advantage of this service. The reason we do this is that we became financial advisors to help people make informed choices with their financial future. It’s very gratifying. One of two things typically occurs when going through this process; either we validate for you that your current approach is fundamentally solid, or we reveal a few minor flaws that you might want to consider adjusting.  As you know, minor adjustments can often lead to major improvements down the road. Either way, we will make ourselves available and ensure that this is a great investment of your time.


We are sending this out as material information to keep everyone informed. This is not a solicitation for any investment. Before making any investment decision, please contact us for professional investment advice through our extensive planning process. This is only meant to provide perspective and update you as best as I can from the extensive ongoing research that we do.

The opinions expressed within this article/communication are those of the Financial Advisor and are not necessarily those of Keybase Financial Group Inc. Any data provided is for illustration purposes only. Clients and prospective clients should always read a product prospectus and fully understand all of the risks associated with the product before purchasing. Any information relating to the discussion of taxation issues is considered to be only general in nature. Clients should seek a qualified tax professional to discuss their specific tax requirements.

Keybase Financial Group Inc. is a member of the MFDA and is a member of the MFDA IPC.

 

#1.https://www.marketwatch.com/investing/index/ndx?mod=over_search


Trusted Regina Financial Management Consultant John Barabe Discusses Protecting Your Principal

John Barabe is a Trusted Regina Financial Management Consultant and he has an unwavering commitment to quality and service which has enabled him to build and retain a successful practice in Regina. He and his team of Regina financial professionals and support staff believe that planning with honesty and integrity are cornerstones to improving their clients' quality of life. He applies his knowledge to help clients make the right choices when considering all the product and service options that exist in today's marketplace. In his latest Trusted Regina financial expert article, he shares information on protecting your principal when investing. 

Protecting Your Principal 

There are many managed money (mutual fund-like) investment options. In Canada alone, there are over 20,000, and there are a further 70 plus financial institutions offering GIC’s and term deposits. A program I subscribe to lists over 100,000 investment alternatives and this is by no means comprehensive. That’s a lot to sort through! 

 

Do You Invest? 


If you invest your money into stocks, bonds, mutual funds, or a managed investment that is made up of any of these, the risk to your capital can be greater than you are willing to accept. With so many choices out there it can feel like a gamble with your life savings to pick one. If you invest in GIC’s you have a guaranteed yield, but how are you going to generate a fair return? GIC rates are among the lowest they have ever been in Canada, so this is not a good thing when you are about to earn your living from the interest. 


$500,000 invested in a 2% GIC earns $833 a month. This is very modest living from your life’s savings leaving you no alternative but to spend less or use up your invested capital if you need more.


So What Is The Solution?  


Just because interest rates are very low in Canada, does not mean they are just as low everywhere in the world. I can provide you the right direction and expertise so you can be safely rewarded by gaining access to these higher interest rates.


What About Using The Stock Market?  


In order to get a better rate of return than the near-zero returns that a guaranteed investment provides, many people turn to the stock market. Although in many years you may do well the obvious downfall here is that without warning the stock market can drop significantly taking your life savings with it.  


Suppose I told you there is a way to avoid these major declines but still have the upside the stock market provides?  



Think of how house insurance protects you from your house burning to the ground. Insurance provides a cheque that offsets your losses. It makes you whole once again (minus your deductible). We have no idea when our house could burn to the ground, just as we do not know when the stock market will experience its next major decline. I can protect your life savings in a manner very similar to how house insurance protects your house, eliminating the need to know when the next crash will happen.



Let’s call your investment protection “price drop insurance���.  With this protection in place, you can participate in the good years without having to expose yourself to the bad. You can sleep at night knowing you have protection and no longer need a crystal ball.


If you had any portion of your investments in stocks, you know how badly you did with the stock market crash in 2008. We all know that the stock market will experience another major decline again. My clients did better because of this 2008 stock market crash than they would have without it because there is above average opportunity, but only in the right direction. The good news for them is that the stock market will go down again, allowing the opportunity for above-average returns again.  


How will you fare with the next stock market correction?  


I would be glad to share with you more details of how my clients profit from market declines.  

On that note, we are past due for the next major market decline. I also have evidence that the next stock market decline will be significant. I would like to offer you a value-added service for taking the time to read this article.I will make myself available to act as a sounding board. Please understand, you do not need to become a client to take advantage of this service. The reason I do this is that I became a financial advisor to help people make informed decisions about their financial future. It’s very fulfilling.  

One of two things typically occurs when going through this process; either I validate for you that your current approach is fundamentally solid, or I reveal a few minor flaws that you might want to consider adjusting.  


As you know, minor adjustments can often lead to major improvements down the road. Either way, I will make myself available and ensure that this is a great investment of your time.


Sincerely,

John Barabe, Madison Schenher and team.


John Barabe  is a Trusted Regina Financial Management Consultant




Trusted Regina Financial Management Consultant John Barabe Discusses Boom and Bust

John Barabe  is a Trusted Regina Financial Management Consultant and he has an unwavering commitment to quality and service which has enabled him to build and retain a successful practice in Regina. He and his team of Regina financial professionals and support staff  believe that planning with honesty and integrity are cornerstones to improving their clients' quality of life. He applies his knowledge to help clients make the right choices when considering all the product and service options that exist in today's marketplace. In his latest Trusted Regina financial expert article he shares a Boom and Bust Report! 


Boom Bust Report

August 2021


I am sending this out as material information to keep everyone informed. This is not a solicitation for any investment. This is only meant to provide perspective and update you as best as I can from the extensive ongoing research that I do.

 

Market REALITY

 

We live in interesting times. In history there have been bubbles; however, they used to be contained to a region or asset. The Dutch Tulip Bubble (1630’s), South Sea Bubble (1720), 1929 crash, and more recently the 2000 Dot Com Bubble and the 2008 U.S. Housing bubble to name a few. But none of these engulfed the entire world. Fast forward to today. By nearly any metric, the stock markets are now at highs never seen before. 


How is this possible? 


Companies are shut down, closing stores and offices, or running way below capacity due to an inability to bring in workers and customers staying home.









Bond prices are also in the stratosphere. Since when do negative interest rates make any sense? This is the epitome of a bubble. Negative interest rates are only possible when investors overpay so much for a bond, that they are guaranteed to lose money. Interest rates around the world are either near, at, or below zero. Thus, loans are super cheap as interest rates are the lowest in human history (because bonds are the highest priced in history). 

 

To complete the “everything” bubble, we must include real estate. Real estate prices are a factor of the affordability of the monthly payment. Even though real estate prices are extremely high, payments are still affordable due to the lowest interest rates in history. Recent increases in housing are now eclipsing payment affordability despite the record low rates. If rates were “normal”, housing prices would have to be much lower.






The bubble is not limited to stocks, bonds, and real estate. There are other signs of a bubble. Intangible Non-Fungible Tokens (NFT-digital record of ownership), empty canvasses, non-existent music and most recently a woman’s intangible “love” have been priced in the many thousands or even hundreds of thousands of dollars! Really? 

 

Wondering what an NFT is? 


In order to really understand an NFT on an intangible asset, I will equate it to a tangible asset like a house. With an NFT you own a document that says you own the “house”. But anyone else can own the house as well (digital copy is identical to the original) and the masses can and have downloaded your house exactly as you did. The only difference is you paid a fortune for the ownership document. See the following example.

 

A digital artist named Mike Winkelmann sold his NFT (of the below image ) for US $69 million!! 

What did the buyer get? Anyone can still view “Beeple’s” original and even make exact copies of it at no cost. $69 million just does not buy what it used to. In my mind the buyer bought nothing.




There is evidence of a major bubble, now well known as the everything bubble (do your own search of the “everything bubble”). We know logic would have us buy low and sell high. When we buy high, we reduce our potential for return and increase our downside exposure (increase risk). The masses buy high and sell low despite this logic. Success secret: do the opposite. 

 

Regardless of the evidence that stocks, bonds, and real estate are in a bubble, there are still great opportunities for your life savings. Being aware of the dangers allows you to protect yourself and even profit from the opportunities they provide. 

 

I hope you are enjoying the remaining summer as we all know too well what comes next. If you have any questions, or just want to catch up, please feel free to touch base by email, phone or with an in-office appointment. 

 

Sincerely,

John Barabe, Madison Schenher and team.



 


Sources: 

https://www.investopedia.com/articles/personal-finance/062315/five-largest-asset-bubbles-history.asp

https://www.cnbc.com/2021/01/23/the-stock-market-is-at-or-near-the-most-expensive-levels-ever-by-most-measures-when-will-it-matter.html

https://currentmarketvaluation.com/models/buffett-indicator.php

https://www.researchgate.net/publication/307846512_Corporate_Reporting_of_Non-GAAP_Earnings_and_SEC_Compliance

https://www.investopedia.com/articles/investing/070915/how-negative-interest-rates-work.asp

https://www.weforum.org/agenda/2016/11/negative-interest-rates-absolutely-everything-you-need-to-know/

https://onlineonly.christies.com/s/beeple-first-5000-days/beeple-b-1981-1/112924

5 and 6 https://www.theglobeandmail.com/opinion/article-nothing-has-never-been-more-valuable-than-it-is-now/

Earlier this month, the Italian artist Salvatore Garau sold Nothing for a mere €15,000 ($22,000) – making him an underachiever extraordinaire at a time when Nothing is sacred, and people are clamouring to pay millions for it.

“You do not see it but it exists; it is made of air and spirit,” Mr. Garau said of his “immaterial sculpture,” titled Io Sono. “It is a work that asks you to activate the power of imagination.” And yet, if he had been financially savvy, he would have issued an NFT, a non-fungible token, for the work. Back in March, a digital artist named Mike Winkelmann, better known as Beeple, sold a digital collage as an NFT – not some physical artifact, but just a spritz of bits attesting to a kind of ownership-adjacent non-ownership. Anyone can still view Beeple’s original and can make exact copies at no cost. The buyer spent US$69-million.

 

https://www.makeuseof.com/what-do-you-actually-own-if-you-buy-an-nft/

 

https://www.theguardian.com/music/shortcuts/2013/jan/28/church-sold-out-cd-silence

https://en.wikipedia.org/wiki/List_of_silent_musical_compositions

https://nypost.com/2021/07/29/polish-influencer-just-sold-her-love-as-an-nft-for-250k/

http://www.olivertalamayan.com/success-secret-do-the-opposite-of-what-everyone-is-doing/

10 https://edition.cnn.com/style/article/beeple-first-nft-artwork-at-auction-sale-result/index.html

11 https://www.millionacres.com/real-estate-financing/articles/is-home-affordability-out-the-door-for-2021/

11 https://www.stcatharinesstandard.ca/local-niagara-falls/news/2021/05/07/housing-affordability-plummets-in-niagara-in-2021.html

11 https://wowa.ca/calculators/affordability   According to BMO, home buyers must have a minimum 5% down payment for homes worth less than $500K. For homes between $500K and $1M, home buyers must have at least 5% for the first $500K and 10% for the remaining amount. For homes worth more than $1M, home buyers must have a minimum 20% down payment.

12 Ninepoint presentation July 21, 2021 slides 10 and 11. 

13 https://www.youtube.com/watch?v=_qfgTf09f5I&t=1825s  well done research that details how the world used gold/silver for most of history. The reserve currency misinformation chart that is used wide spread. Less to do with reserve currency and more to do with fiat. 

 

 

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