Sarah at Real Wealth Concepts

KKR: Glass Half Full - Outlook for 2024 "We think earnings for the cycle already bottomed in 2Q23" realwealthconcepts.substack.com/p/kkr-glass-ha…

@adamchapman Is there a cooling off period ? I want to say 14 days.

A Canadian Bank quite despicably took advantage of our elderly client with significant memory loss. When we built Margie's income plan a few years ago, we purposefully left $50,000 in her savings account. It wasn't earning massive interest, but that wasn't the point. At 82 years old, its sole purpose was to help Margie sleep at night, knowing she could handle whatever life might throw at her. Earlier this year, her family noticed some gaps in her memory. She had moments when she thought her long-deceased husband was still alive and sometimes thought her adult children were still living at home. Her daughter stepped in as Power of Attorney to help manage her finances. After a few joint visits to the bank, they had everything set up, but every meeting ended with the teller suggesting, "That's a lot of money in your account. You should do something with that." Each time, they declined. A few weeks later, Margie called us in a panic—her savings account was empty. Since her email account was recently hijacked, we suspected the worst. Unfortunately, our investigation revealed the thief was not some anonymous hacker but her trusted financial institution. A few days before, without her daughter in tow, she went to the bank and was convinced to buy the GIC she had declined dozens of times before. Unfortunately, she has no recollection of doing it. The money meant to cover emergencies, like supporting the care she now required, was locked into a GIC until 2027, making interest she didn't need. Even when it's clear you've lost your capacity to make good decisions, bank employees must meet quotas to earn their bonuses. Their persistent sales tactics said with a smile, are not to help you, but to help themselves. As retirees age and things go wrong, which they often do, no matter whether it's a scam, bad bank behaviour, or something else, they rely on our financial advice and decision-making more than ever. It's not the first time we've caught malicious transactions, and it won't be the last. With some persistence and the wrath of an angry daughter, I hope the bank will do what's right and put back the money that never should have been touched in the first place.

FOMC released updated dot-plot, with 75bps of cuts anticipated in 2024. This is more dovish than the Sept meeting and begins to validate the rally in yields over the past several weeks.

BNP Paribas: 9 AI Developments in 2024 realwealthconcepts.substack.com/p/bnp-paribas-…

4 Key Quotes: Wellington Altus 2024 Forecast THE U.S.’S TECH-DRIVEN REINVENTION Dr. James Thorne, Chief Market Strategist at Wellington Altus provides his outlook for the markets in 2024 realwealthconcepts.substack.com/p/4-key-quotes…

Lazard: Global Outlook 2024 realwealthconcepts.substack.com/p/lazard-globa…

Morgan Stanley 2024 Global Strategy Outlook Key takeaways: realwealthconcepts.com/morgan-stanley…

@JohnPasalis @StatCan_eng The new landowner class. Feudalism 2.0 coming soon

The most significant factor that will improve your chances of buying a home in 🇨🇦 is not your hard work, personal success or income. It's having parents who already own a home. Key findings from this new @StatCan_eng report ⤵️ www150.statcan.gc.ca/n1/pub/46-28-0…

9 key highlights from Goldman Sachs' 2024 US Equity Outlook: realwealthconcepts.com/goldman-sachs-…

Doomsday Clock is almost there, to the end!! #lp3akcv675v9l5milib" target="_blank" rel="nofollow noopener">sciencealert.com/doomsday-clock…

“In the US we may be managing through a period of deflation in the months to come. And while that would put more unit pressure on us, we welcome it because it’s better for our customers.” Doug McMillon, CEO of Walmart Inc. realwealthconcepts.com/walmart-ceo-hi…

Well, someone just went and said the "D" word. Deflation. open.substack.com/pub/realwealth…

Strolling into Nuclear Apocalypse The unpredictability of human rationality and emotion means the "limited" use of battlefield nukes could easily morph into a full blown nuclear apocalypse. collapse2050.com/strolling-into…

How do you evaluate whether to invest or pay down your mortgage? realwealthconcepts.com/invest-or-pay-…

@KobeissiLetter The Congressional Budget Offices is predicting 10% deficits! Unheard of. collapse2050.com/america-is-in-…

BREAKING: Moody’s cuts U.S. credit outlook from stable to negative. Reasons for the cut: 1. Downside risks to U.S. fiscal strength have increased 2. Fiscal deficits to remain very large 3. Debt affordability to be significantly weakened Since the debt ceiling crisis “ended” S&P has downgraded US credit ratings and now Moody’s cut their outlook. All as interest rates are soaring and the U.S. issues trillions of Dollars in debt. Warning signs are everywhere, but no one is listening. Whats the long term plan here?

Book Summary: Devil Take the Hindmost - A History of Financial Speculation Classic on manias, bubbles and crashes realwealthconcepts.com/book-summary-d…

David Bailin, CIO Citi Global Wealth: “It’s a Really Good Time to Have a Diversified Portfolio” Read his insights on why (along with other Wall St strategists opinions for the week): realwealthconcepts.com/its-a-really-g…

@TheStalwart Inflation is coming down but the effects of the inflation already experienced will continue to hit consumers until incomes catch up. Lower inflation doesn't mean prices decline.

Inflation has been coming down, and the unemployment rate is low. Yet measures of consumer sentiment are still in the tank. Curious if anyone has any thoughts or theories? Would love to hear some takes

Share prices down, dividend yields up. Lots of enticing yields out there. But don't get fooled. realwealthconcepts.com/fooled-by-divi…

@MarkCranfield_ This is why nobody takes it seriously. Can you imagine Winston Churchill pulling this shit when telling Britain they must fight.

The video becomes the same fossil fuel propaganda that it berates the moment the scientist says "We have solutions". Scientists seem to be blissfully unaware that they're subject to exactly the same hopium propaganda as everyone else and are the primary spreaders of it.