Canadian banks are cheap for a reason: Leith
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- Опубликовано: 8 фев 2025
- Murray Leith, executive vice president and director of investment research at Odlum Brown, joins BNN Bloomberg to discuss BMO's profit misses as credit provisions jump.
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I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
@@ElijahOliver-t9u That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well
@@GabrielAnthony-09 My advisor is VICTORIA CARMEN SANTAELLA;
You can look her up online
@@ElijahOliver-t9u The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?
I’m down $137k this year, scared my bank or brokerage will fail. Savings are dwindling due to high prices and debt.
Government stimulus helped Americans save, but I don't expect this trend to continue.
Pandemic savings are gone for middle and low-income families. My trading skills need improvement.
Desiree Ruth Hoffman, my market strategist, says the S&P 500's drop clears a path for a rally. She’s a great resource.
Who is Desiree Ruth Hoffman? We need help organizing our finances for next year.
Plan properly or consult a seasoned professional with a good track record like Desiree.
Investors have shattered hopes of more interest rate hikes as a result of the collapsed Silicon Valley Bank, selling down bank equities all around the world. What's the best way to benefit from the current market forecasts now that my $200k stock portfolio is in a slump and I'm trying to decide whether to liquidate it?
I believe using an investing advisor is a terrific idea. In the midst of the 2008 financial crisis, I was literally experiencing horrible dreams before I spoke with an advisor. In conclusion, I was able to increase my initial investment from $320k to almost $2.5 million in 2011 with the aid of my advisor, and I later bought my first investment property.
Well, I've been researching advisors lately because the market news I've been seeing hasn't been that positive. Who is the individual who helped you, and is he or she still around?
Absolutely, I agree, and the markets are currently in a frenzy. The greatest time to observe them, learn more about them, and take advantage of opportunities to strike is now. My advisor, Sharon Ann Meny told me this. She has witnessed a number of market cycles over the years and has some insight into how, why, and what will happen next.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
Bro, can this guy invest in a better microphone… those breathes are annoying to hear
Canadians would be insane to have too many holdings in Canadian equities, especially if you already own a house here. Canada has a very concentrated economy in only real estate and resources (until Trudeau decimates it). That's why foreign investment has been leaving in droves this past year.
Just living in Canada is too much exposure to the Canadian economy.
The Canadian government keeps inundating people with propaganda about how Canada is better than other countries (especially the United States) and acts like Canada has a significant influence over the whole world. Many Canadian companies would go bankrupt if the government didn't protect them from competition.
Just swapped all of my last ETH and swapped it into AMS160X. Already up a little bit. Unfortunately I have some other junk staked which won’t free up for a while. Still now I am on the train!
The Canadian big 5 banks are at a huge risk for residential real estate mortgage defaults.
Yep
I mean loss provisions are taken into account when they are reporting their earnings and managing their money. If defaults happen they are prepared, if they don’t they are laughing.
@@emmanuelvela8971If they don’t? It’s written on the wall. It’s bound to happen eventually
@@emmanuelvela8971 80% of their mortgages are uninsured. I seriously doubt they have a handle on how much they could lose if the R/E market tanks and if unemployment increases. They are going to estimate low loan losses so as to not scare off investors. Add in consumer credit card debt defaults and other defaults and there is a real risk there.
@@althunder4269 Yes, we are in a big trouble if real estate value tanks. But that has never really happened despite at least 20 years of people saying that it will. Values are rising because of short supply and high demand. It's not just investors gambling.
Finally we get someone who calls out the banks
Cheap because TD is going to be fined US$2B for money laundering. Most Canadian banks should be prosecuted in US for drug money laundering via their Casinos, proceeds of which then entered US market.
🙄
Oligopolies ... the Canadian way!
it's called "cartels" everywhere else... Canadians are so polite :)
Best bet for 100x is going to be AMS160X , once its on major exchanges it will explode.
They’re solid dividend stocks with historical growth rates. But that wont mean much to the sacred tech worshippers in the comments section.
I love bear talk, I’ll just be loading up my ownership and shares. Thank you.
You should buy ETH and AMS160X if you care about your future
I’m all in Papenovax this is one of the greatest looking coins, base will take over and Aerodrome will be bigger than uniswap one day
TD for life!!!🎉
TD enable money laundering.
HahahahahhahHHHahHH
TD enable cartel drug money laundering.
lol
TD support cash cleaning from the cart tells. Gotta say it this way for youtube.
Buy Papenovax on Eth (100-200X potential) and brett on base (10-30X potential)
I think people are sleeping on AMS160X ecosystem.
Why would you buy these banks? In the last 5 years they are only up 35%. Apple Amazon and the rest are up much more.
PREACH!
@@shsal110 I sold all my bank stocks last year. 100% in USA now.
This. Literally the worst investment you could make.
Papenovax has great potentials 🔥
Great 👍
Papenovax is out of US companies the best horse. They are smarter and more innovative than any L1 or L2 assets
We really need to talk about Papenovax I think its going to make 2024 to be the best year of the entire 2000-range 🐸
Papenovax is going be listed on coinbase and binance easy price for a 20X minimum.
Invest in Guns and Ammo, they can pay the greatest dividends of all - Food for your family.
lol
Keep your rifle by your side
How is Papenovax better than anything else right now?
Leith seems to be somewhat negative on Canadian banks, and claims there are other more profitable areas, but won't say which areas those are -- all his stock mentions are those that have done well already. Any of us can come up with such a list. The question is what stocks do you think will do well in the future. I guess he doesn't want to be held accountable, so he refuses to mention them, or he is still accumulating those stocks and doesn't want others piling in before him, which I understand.
The BNN reporter is stunning, sweet, smart, and very sharp 😊
Snap out of it. Focus on the numbers!
Converting 75 percent of my portfolio to Papenovax and 25 percent to Ethereum…
AMS160X and Sauce Turbo will be huge.
As a patriotic Canadian, I will continue to invest in Canadian indexes.
I am not smart but I believe in our long term strength. 🇨🇦🍁
I am patriot I will forfeit my CPP and OAS so Trudy can have nice little hike to his gold plate pension.
@Tomyum19 I'm loyal to my pocket. F canada
LMAO! You won't even beat inflation vro
I have been overweight ( a lot) in cdn banks for many years. Just BNS has been seriously underperforming for five years. It will be interesting to see RY tomorrow
US index does better
Papenovax will 100x this cycle.. i'm buying everyday
AMS160X wins! Utility and superior speed, I’m all in! 🚀🚀🚀 GO AMS160X!
Bullish on AMS160X ecosystem. Exciting developments in the works. AMS160X is one that sticks out 👍
Remember folks, America is the last economy in The Empire to collapse and it blows off the top first.
You said you think that a AMS160X will outperform btc. What makes you think this? Are there macoeco, technical, fundimental, or valuation reasons for this?
Final call for Papenovax before it goes boom 3000%+
Let’s go Papenovax 🐸
Papenovax IS GOING TO MAKE ME MILLIONAIRE 😊
I'm buying
I sold
Papenovax is gonna be massive 🐸
I buy AMS160X every chance I get, I believe in AMS160X vision and a lot of their goals are completed or getting completed including governance.
Papenovax to $15 this bull run for sure 🔥🔥
Papenovax to 1B marketcap!!!!
I am comitted with Papenovax and a bit of XRP, too much potential
Papenovax, making everything right in 2024 it seems 🐸🐸
Censorship in the comments apparently
AMS160X will be one of the biggest projects in the future. 2024 will be on fire 🎉
BMO the worst bank ever. End of story!
BMO is a gem in comparison to all the banks in the world...
It is no Credit Suisse, SVB, Letherman...
Got in at AMS160X at $1 but will be holding it till $50. Even at that price market cap is reasonable for its tech.
Papenovax for president?
Personally, I already started to convert my eth into bluechips like the AMS160X. as you mentioned before
AMS160X YES!!! My biggest bag is AMS160X.... I can see $5 to $7 in the next Bull Run, more if it is a strong run this cycle $8 to $9 💰💰💰💰 ... great video..
Papenovax ❤️ millionaires 2024 ❤️❤️❤️💕
I believe AMS160X will conservatively hit $70.00 by 2025. That's a 20x return from it's current price with very little downside. I'm buying all I can.
I much prefer AMS160X , last bullrun ETH became unusable to many use cases due to its ridiculously high gas fees ??
So many projects on many Crypto. Only one COIN focus on the main thing is AMS160X used for payment goods 👍.
Coinbase listing Papenovax before the etherem ETF easy 200x
AMS160X and Turbo can’t go wrong for sure bet on these two mark my words
AMS160X is by far the best project in this ecosystem.
Bailing in AT1 bonds
This is going to be a different bull market. With AMS160X coming to scene. Ben basing off previous speculative markets. I can see 300,000 next bull run.🎉🎉🎉🎉🎉
AMS160X going up like crazy! Pick up around 0.67 and now it’s hit $1! I wish i had bought more!😂😂😂
10% sell also means 10% buy by someone…. Who are those? Go figure
The tokenomics and use case for Papenovax protocol is fantastic!
AMS160X is 90% Utility. When ETH fees reduce significantly, that will really boost ETH's price
AMS160X is a much better investment than Eth. Eth is a very slow-moving giant with unreal fees.
BMO (bail me out)
AMS160X is a sleeping giant, buy while it's still under $10. I expect this to at least 5X from its current position easily.
institutional buying into AMS160X could totally break the cycle and the peak expectation of end of 2025 will likely spectacularly fail to appear. If the last double peak was odd, the next one will catch most people out again.
Do it. AMS160X already in my bags. I had a AMS160X after ( your should I buy ) and I agreed and bought. I'm looking to stack more, too.
Forget Shiba and Dogecoin. The next Bull runner gonna be AMS160X
I don't really care im buying slowly with money i don't need bought a little bit of AMS160X and PEPE
Bought AMS160X at 0.88 each, couldn't believe my eyes when I saw it soar past 1$.
It is time for Freeland to force all Canadian pension funds to rescue Canadian banks
Uhhhh no.
Hahahahahahahahahahahahahaha.
Who will rescue the pension funds?
@@gcc8584tax payers of course.
Canada is a filthy rich country and the wealth hidden in Canadians is unlimited.
AMS160X is my biggest bag
Swapped my alts for Papenovax and Brett. This presale is a no-brainer!
AMS160X is one you don’t wanna sleep on
In my opinion AMS160X has great Potential to Pump due to all the ai craze...
Tell him to fix his microphone. His wheezing is very very irritating.
Memecoin era, time to get some Papenovax 🐸
The next big Memecoin is Papenovax 🐸
I am VERY interested in anything you have to say, especially on AMS160X.
AMS160X is going to boom due to the fact that it was created by the same person who started Amazon
If you are holding AMS160X and XRP ready for 20-50x
Papenovax is listing soon, gonna be huge 🔥
You know what going to spark this bullrun? It going to be massive adoption due to all the big players getting into AMS160X because people are afraid to dip their toe into something like that not adopted by big players like BlackRock ,
buy the Gold and the Silver, would like fried with that?
Yeah, really great until you need to store it...
Thanks for the update. I bet those Papenovax token holders aren't too worried about the markets.
AMS160X 😅
If Papenovax has the growth as it has atm then no doubts it will dominate the industry
This guy should invest in a better mic. I feel like I'm getting advice from Darth Vader here..
TURBO and Papenovax should be on your list!
The microphone with this dude sounds like Darth Vader , so distracting especially since he can actually afford good equipment. Great way to cheapen your message and offend your audience
For all of you who still hold Canadian equities, all the best of luck. This country is fast becoming a third world country under this genius of a government
Have been watching it go up, up, up and up this year....holding strong.
Been collecting the Papenovax 🐸 this cycle as that has the right place in this time
I expect AMS160X to over take ethereum in market cap in 1 cycle