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Making sense of the markets: Looking back on 2024
– moneysense.ca
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
Every year, around this time, financial gurus appear out of their ivory towers to make their predictions. They confidently sit down at their keyboards, or look into their cameras, to say whatever they think will get them the most attention. Then, most of the time, those predictions disappear into the ether, only heard about again on the off chance they were right. A year later, those same gurus trot out again with attention-grabbing forecasts, not referencing their prediction misses. The cycle continues.
For example, Robert Kiyosaki (of Rich Dad Poor Dad fame) came back into the predictions game recently. This is despite Kiyosaki predicting nine of the past five recessions.
In 2011, Kiyosaki said, “Guess what? The crashing is not over.”
In 2016, he predicted another market crash.
In 2017, he felt a real estate crash was imminent…
10 financial buzzwords we kept hearing in 2024
– moneysense.ca
1. Hush trip
A “hush trip” means working remotely from a holiday destination without telling your employer you’re out of town. Also called a “hush-cation,” these clandestine trips allow workers to enjoy themselves somewhere nice without using up vacation days or risking a “no” from their boss for a vacation request. At least one enterprising hotel chain has jumped on the trend, encouraging would-be guests to mention “hush trip” when booking and to “leave the rest to us.” Perks include business services, all-day barista coffee and 5 p.m. knock-off drinks. Not surprisingly, hush trips are controversial in the HR world, with some experts pointing out the potential complications for employers—tax, legal and otherwise—if staffers work outside the country for extended periods…


