I have the majority of my liquid investments in a consumer discretionary company, trading at Negative Beta to the SPX, current EPS over $3.00/per share, 7mil share float. This is what I got! Squillinaire acres here I come! And if not, so what? No debt History… with plenty of cash banked that no F%cktard landlord hopes to get his hands on…

7k partyyyyyyyy!!!!!

Why have an emergency fund when you’ve already secured easy access to credit for if you need it?

Have a huge emergency fund.

Problem is I don’t want to put it into a house. Dead money.

Want to buy a house but with 5% down only and in name of corporation so if things go south, then Corp can declare bankruptcy.

What are the laws in Alberta? Can you walk away from a house if you have a huge emergency fund ?

ShutItUpAlready,

Using your equity for a line of credit because you have no other savings? What could go wrong?

8, check yourself. You’ll find many people advise against having an emergency fund if you’re got a solid credit score. It’s a wasted opportunity keeping the cash on hand. You’re better off investing it, and using credit to cover the 2-3 days it might take to liquidate and access the funds.

3,4,7

Why do you come here? You offer nothing but like to piss people off.

Whistler or bust, my comments on this thread so far have been infinitely more productive than yours. I’m on-topic talking about emergency funds, and you’re pointlessly attacking other posters. So why do you come here?

Fact:

Those that try to ridicule others are auffering in one way or another in their own lives.

So for those that are offended when someone posts a belittling post is to remember the fact above. A person truly happy will never post something to try to ‘hurt’ someone else.

@ #12

the fact is that most cdns have little or no savings (other than their homes) to fall back on in a time of prolonged emergency. racking up the visa or tapping a line of credit doesnt count

this is precisely why the powers that be will ultimately keep things relatively loose and easy for way longer than most want or believe. there is no easy out

for those that have extra cash burning a hole in their wallets, why not load up on even more real estate? you cant lose…
http://www.incometrustone.com/

as if there was any doubt that it’s all about RE 164% of the time in vancouver, guess what vancouverites googled the most in 2015?

anyone want to draw a graph of the inventory draw down? you guys used to be so into graphs, ‘battle maps’, stats, etc. how come you stopped?

With 164% debt/income ratio, keeping a rainy day fund doesn’t make any sense. It’s raining TODAY!

j/k, but really, keeping a couple grands for 0.75% (taxable) interest makes no sense if you’re paying 2.2% on a mortgage (or worse, any other kind of loan). Throw the cash at your mortgage and make sure you can withdraw on a HELOC if bad comes to worse. If you end up never needing the funds, then you’ve been better off, and if you end up needing it at some point, then you’ll have saved that much in interest in the meantime.

Carrick is usually a smarter cookie than that.

@Bull:

So true. The people that drew those maps didn’t realize the influence of HAM. Vancity RE is 100% supported by HAM inflows and temp/perm immigrants.

With 10,000 refugees coming in and gov now saying they will pay anything to house them, watch rents skyrocket here in Vancouver. The map makers will probably deny this too.

7k party!!!! But by all means, let’s talk about chinese submarines or the fucking weather.

Can anyone guess how low the CAD goes. 2 SFHS to a loaf of bread?

It has gone from 1 to 1.1, to current 1 to 0.72. The US Fed hasn’t made its moves yet, at least not for the next 3 hrs.

Do you see 1 cad buying .65USD in the next year?

@19

If that. The talk of negative interest rates being on the table suggests to me that they’ll take it even lower if they feel the need to “bolster exports,” or whatever the particular stated rationale happens to be.

Massey Tunnel to be replaced with B.C.’s largest toll bridge

http://www.cbc.ca/news/canada/british-columbia/massey-tunnel-replacement-bridge-1.3367368

region just keeps growing.

@bullwhip29 – Really?? Have the last 20 years taught you nothing? When loonie was 65c USD and talk of adopting USD $ was all the rage, how many people thought oil would hit $100 or even $140 and CAD$ would ever get to par? Ever?

When oil hit $100+ and CAD$ went above par, how many though oil would ever hit under $40? or CAD drop to under $0.8USD?

Everything goes in cycle and frankly I wouldn’t be surprised if CAD$ and oil roundtrip back to $90/barrel and $0.9+ USD within 5 to 7 years. But then, a loaf of bread might also cost $5 USD too.

Ahhh…team BPOM does not disappoint…having no intelligent and useful things to say, they slither back into their holes, only to come out with venom and vile bile in a pathetic attempt to keep themselves relevant.

And I’m sure BPOM will be the first to volunteer & enlist in infantry to fight in a war with the Chinese right? Instead of some far away from the frontlines safety in an office job.

Canadian start-up sells bottled air to China, says sales booming

http://www.cnn.com/2015/12/15/asia/china-canadian-company-selling-clean-air/