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Joined 3 years ago
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Cake day: June 6th, 2023

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  • Ultimately I think people are taking a bit of time to substantially shift their investment portfolios/strategies.

    I have a meeting with my investment guy this afternoon.

    The instructions I gave when scheduling the meeting were to get my investments out of the American economy as much as is possible (acknowledging that they’ve got their dirty little fingers in everything globally).

    Last year I reduced my exposure to the US by about half, as he advised that the funds were already doing some amount of adjustment for risk avoidance so I shouldn’t make any “hasty decisions”.

    Now I just want out. Even if it costs me a few points of growth in the short term.

    Edit: meeting finished, the investment guy said I was far from his only client making the same request.



  • kent_eh@lemmy.catoCanadaPolitics@lemmy.ca...
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    4 days ago

    But to that chart - if oil and gas take a hit, real estate isn’t a productive industry

    Neither is professional management, professional services (both largely related to the oil&gas industry).

    Also manufacturing, transportation, retail and pretty much every other category that sells stuff to the o&g industry and their staff and suppliers.