Martin Pelletier: Hedge against the overconfidence bias occurring among our nation’s leaders by reallocating wealth outside the country
Unfortunately, there appears to be neither intelligence nor courage present with the existing federal government’s handling of our country’s affairs. Perhaps this is why there has been a severe lack of transparency despite the unimaginable amount of money being spent.
Meanwhile, here we are with a $343-billion deficit, one that is billions ahead of expectations. According to Bloomberg, “no other major advanced economy tracked by the International Monetary Fund is expected to record a larger one-year fiscal swing in 2020.” Think about that. The good news is that there is plenty Canadians can do to hedge against the overconfidence bias occurring among our nation’s leaders. The sad thing is it means reallocating your wealth outside the country, particularly into those regions that appear to be not as affected as us.Article content continued
Real estate markets, especially in hot regions such as the Greater Toronto Area or Montreal, appear to be skyrocketing once again, which is quite the dichotomy to the overall economic picture. For those with exposure here, why take the risk by going all-in Canada with your investment portfolio?Article content continued
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