https://globalnews.ca/news/9297311/trigger-rate-mortgages-bank-of-canada/
How many of those variable rate mortgages were because some financial advisor said "don't worry! You absolutely have to do this! Rates can never rise!"
I'm starting to realize something: We're at a moment in history where we really need to think for ourselves, come up with accurate mental models, and make decisions based on what we think could happen instead of what the talking heads tell us will happen. You can't just cruise by doing what you're told because they're going to steer you into the ditch for their own ends.
How many of those variable rate mortgages were because some financial advisor said "don't worry! You absolutely have to do this! Rates can never rise!"
I'm starting to realize something: We're at a moment in history where we really need to think for ourselves, come up with accurate mental models, and make decisions based on what we think could happen instead of what the talking heads tell us will happen. You can't just cruise by doing what you're told because they're going to steer you into the ditch for their own ends.
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