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Pandemic strains intra-Commonwealth investment – REMI Network – Real Estate Management Industry Network

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Real estate recorded the most notable dollar-value decline in intra-Commonwealth investment activity in 2020 relative to the three-year annual average prior to the COVID-19 pandemic. A newly released review of trade activity among the 54 member states cites a nearly USD $6-billion (CAD $7.5 billion) slide in foreign direct investment originating from within the Commonwealth itself. Metals manufacturing is the next hardest hit sector, with a $1.46-billion drop in investment.

Real estate slumped most in Europe, where intra-Commonwealth foreign investment decreased by about USD $3.4 billion in 2020 compared to the previous three-year annual average. Asian member states attracted USD $2.28 billion fewer investment dollars than the average, while Pacific nations collectively experienced a $230-million drop.

Generally, pandemic-related trade and investment fallout is most evident in the sectors and regions where the most intra-Commonwealth activity had occurred in the 2017-2019 period. “Real estate was the top sector for intra-Commonwealth inflows to European and Asian member countries; whereas this was renewable energy (Pacific), software and IT services (Caribbean and Americas) and communications (Africa) in other Commonwealth regions,” the 2021 Commonwealth Trade Review states.

Looking to other sectors, Canadian investors contributed the largest share of the intra-Commonwealth capital injection into renewable energy during the decade from 2010 to 2019 — approximately USD $11 billion (CAD $13.75 billion) over those 10 years. Collectively, Commonwealth members invested USD $2.9 billion in new renewable energy projects within the Commonwealth in 2019 — a 152 per cent increase from the 2010 level — representing 11 per cent of all intra-Commonwealth greenfield foreign direct investment for the year.

That’s in sync with global trends. “The renewable energy sector was the second largest recipient of greenfield foreign direct investment across the Commonwealth in 2019, with announced inflows growing by 179 per cent since 2010 to reach USD$26 billion. The sector’s share in the Commonwealth’s total greenfield inflows has also expanded in relative terms from 4.4 per cent in 2010 to 14.8 per cent in 2019,” the trade review reports.

Investors in Canada, United Kingdom and India account for more than 70 per cent of investment originating from within the Commonwealth during the 2010-19 period, and it has mostly been directed to Australia (32 per cent), Nigeria (21 per cent), India (19 per cent) and the United Kingdom (11 per cent). Meanwhile, less than 1 per cent of intra-Commonwealth investment has made its way to Canadian renewable energy projects.

For 2020, renewable energy was one of the minority of sectors to enjoy a higher inflow of investment capital than prior to the pandemic. The others include: minerals extraction; transportation and warehousing; communications; business machines and equipment; chemicals; medical devices; operations and maintenance of non-automotive transport; and wood products.

“Many of these sectors were less exposed to the demand, supply and policy shocks affecting other investment sectors. In some of the primary and manufacturing industries, production methods tend to use highly automated assembly lines and employ more industrial robots (compared with the garments industry, for example). They also tend to be more capital-intensive, and some are linked to global value chains originating in the Asian region, which was quick to rebound from the pandemic,” the trade review states.

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Camarico Launched Camarico Financial Corporation and Pilot Investment Program – TheNewswire.ca

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July 29, 2021 – TheNewswire – Camarico Investment Group Ltd. (CSE:CIG) (CNSX:CIG.CN) (“Company”) is pleased to announce the restructuring and relaunch of Maverick Northstar Inc as Camarico Financial Corporation (“CFC”). CFC will lead Camarico Investment Groups non-equity-based investment strategies.

 

CFC has received a non-interest-bearing loan from Camarico Investment Group for the sum of $200,000 CAD to initiate CFC’s proprietary Pilot Program, Reserve Capital and G&A. CFC will place Reserve Capital in Collateralized Short Term Demand Notes with qualified third parties.

 

CFC will provide monthly updates on Pilot Program performance and findings.

 

Camarico Financial Corporation is not a licensed financial service provider and WILL NOT sell financial products, such as: mutual funds, insurance, securities or stocks, options, futures, OR have specific duties within a financial services company, such as portfolio management or supervisory responsibilities.

 

ON BEHALF OF THE BOARD OF DIRECTORS OF CAMARICO INVESTMENT GROUP LTD.

“R. Mackenzie Loree”

Chief Executive Officer

Email: mloree@camarico.ca

 

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this press release.

 

Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of the Company. Forward-looking information is based on certain key expectations and assumptions made by the management of the Company. Although the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. The Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information contained in this news release.

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The 5 Worst Investment Tips on TikTok – Entrepreneur

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July
29, 2021

6 min read


This story originally appeared on NerdWallet

This article provides information for educational purposes. NerdWallet does not offer advisory or brokerage services, nor does it recommend specific investments, including stocks, securities or cryptocurrencies.

Do-it-yourself is fine when the stakes are low; everything you need to know about patching drywall is on TikTok. But what about when the stakes are high? Would you rewire your home after watching a few TikTok videos? Probably not, and the same logic goes for financial advice.

Pouring your savings into an investment — or any product — being hawked on social media is generally a bad idea. But how will you know which bits of advice are legitimate, and which are bunk? Below, experts weigh in on the worst investment advice they’ve seen recently on TikTok and other social media.

1. The FIRE movement is for everyone

FIRE stands for “financial independence, retire early,” and given how the movement has spread on social media, the acronym is apt. Chris Woods, a certified financial planner and founder of LifePoint Financial Group in Alexandria, Virginia, says that many of the core tenets of the FIRE movement are great: They focus on lowering your expenses, saving heavily, putting money into diversified index funds and generating multiple streams of income to help you retire early, which may all be sound financial decisions.

The problem is, everyone’s financial situation is different. Financial planners spend a lot of time upfront learning as much as they can about someone’s unique financial standing before making any recommendations. And for some, he says, the FIRE movement may be an appropriate goal. But it’s not for everyone, and sound bites from social media influencers can’t take your personal situation into consideration.

“So many people will do what these influencers are saying, even if it’s not the appropriate thing for them,” Woods says. “That’s one of my big overarching disappointments or gripes with the influencers out there. Because a lot of times, they’re talking about this stuff without context.”

The next time you see someone living their best #vanlife and boasting how they retired at 30, remember you’re seeing a highlight reel, Woods says. Their financial situation may have been completely different from yours, and there’s no guarantee what worked for them is right for you.

2. Forget about 401(k)s and IRAs

There’s a thought out there that boring, long-established wealth-building strategies, such as funding retirement accounts like 401(k)s and IRAs, are outdated.

“This is all so faulty and so bad I don’t know where to start,” says Tiffany Kent, a CFP and portfolio manager at Wealth Engagement LLC in Atlanta.

Kent says that to stand out on social media, someone can’t just talk about typical retirement accounts over and over again, no matter how proven they are. Boring doesn’t inspire viewers to smash that “like” button.

Instead, they talk up new, complicated — and at times confusing — products, simply to stand out from the crowd. Sometimes the ideas are a bit contrarian, other times they’re outright outlandish. But this approach, Kent says, is absolutely the wrong way to get financial advice.

“If it’s boring, it’s good,” Kent says.

3. Precious metals are the best long-term play

Gene McManus, a CFP, certified public accountant and managing partner at AP Wealth Management in Augusta, Georgia, said by email that he’s seen claims that precious metals IRAs (which invest in gold and silver instead of stocks and bonds) are a better choice than typical IRAs.

He said acolytes of the strategy argue that precious metals IRAs better protect your money from things like inflation, global supply shortages or a collapse of the financial markets.

But McManus disagrees.

“The long-term history and performance of gold and silver do not indicate that they are a rewarding asset class,” he said. “There are short-term periods that they might outperform the S&P 500, but over the long term, they don’t make sense to own, especially exclusively or overweight in a portfolio.”

4. Hundreds of thousands of people can’t be wrong

It’s true that there’s power in numbers. However, it’s equally fair to say that mob mentality, echo chambers and hype can get in the way of rational decision making. Anthony Trias, a CFP and principal at Stonebridge Financial Group in San Rafael, California, says he’s worked with clients who are investing in stocks they’ve heard mentioned on social media — no matter how staggering the claims of future potential — because of how many people were talking them up.

“There are going to be 300,000 people on social media saying one thing,” Trias says. “But prudent investors block out the noise, do their due diligence and look at who they’re actually listening to.”

Trias also echoes Woods’ concerns. Validating investment ideas based on social media hype is problematic, he says, because investment decisions should be highly tailored to you and your needs — and that’s just not possible on social media.

5. Your cryptocurrency will absolutely go to the moon

All the rocket emoji in the world couldn’t give a valueless cryptocurrency long-term staying power, no matter who’s pumping it.

Clayton Moore, founder and CEO at crypto-payment system NetCents Technology, said by email that while engaging platforms like TikTok have been instrumental in spreading the word about cryptocurrencies, they’ve also become breeding grounds for fraud.

“You’ve got to watch out for the crypto influencer who’s just in it for a quick buck,” he said. “The classic pump and dump.”

Moore said it’s common for crypto influencers to accept payment in exchange for making wild claims about a coin, only to abandon their support for it once the check clears.

“If it is too good to be true, 99% of the time, it is,” Moore said.

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CPP Investments appoints new head of private equity – Investment Executive

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Former Google CFO joins Wealthsimple’s board

Patrick Pichette is a partner with Inovia Capital, which participated in Wealthsimple’s latest fundraising round

  • By: IE Staff
  • July 27, 2021
    July 27, 2021
  • 11:13

Bank of Canada names new deputy governor

Sharon Kozicki will take on the role on Aug. 2

Mark Carney says climate commitments preclude running for Liberals in fall election

The former governor of the Bank of Canada and the Bank of England said he’s focused on the UN climate conference

SLC Management appoints global head of ESG

Anna Murray will oversee ESG investment strategies for the firm’s institutional clients

  • By: IE Staff
  • July 20, 2021
    July 20, 2021
  • 11:37

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