Joe Friedt (@joefriedt) header
Joe Friedt (@joefriedt) profile picture

The good, the bad and the ugly of the financial and investment world from a Vancouver, Canada based financial advisor.

Vancouver, BC
Joined December 2010
Photo by Joe Friedt (@joefriedt)Photo by Joe Friedt (@joefriedt)Photo by Joe Friedt (@joefriedt)Photo by Joe Friedt (@joefriedt)Photo by Joe Friedt (@joefriedt)Photo by Joe Friedt (@joefriedt)Photo by Joe Friedt (@joefriedt)Photo by Joe Friedt (@joefriedt)Photo by Joe Friedt (@joefriedt)Photo by Joe Friedt (@joefriedt)
Man… brain’s been COOKIN Excited to get back but I love this annual think sesh at the beach with my bride.. The future of #PMSLive has been a lot of fun to think about.. Going thru all of the numbers.. facts are facts.. We’ve really been quite a fucking disruptor in this whole daily Sports Media world. I’m VERY proud of it.. We don’t have producers giving us takes or researchers telling us what to talk about.. We don’t have any investors.. We don’t have a “lead in audience” or “people leaving their TVs on over night”.. We, alongside our incredible fanbase, built this thing both literally and figuratively.. we decide what to chat about.. we pay for the footage rights.. We negotiate the deals with our partners.. and we changed the game. That’s rather epic… what’s next though? A LOT of fun to think about.. Show will always be free but we need to keep evolving. Baby girl on the way… what’s that mean for my future with @WWE? I LOVE it but, they’re allegedly gonna be sold, who’s buying them? Do I want to work/make money for those people? How about @CollegeGameDay? That was a good time… No long term deal in place but, I enjoyed the workload that came with being a part of one of the most iconic shows in the history of sports. I think we had the greatest year it’s had in like 2 decades or something ratings wise… fucking WILD.. I was told a lot of Old Whites weren’t gonna watch because of me 🤷🏼‍♂️.. Got to see so many insanely beautiful campuses/places.. being new man on the totem pole when it came to hotel rooms (impossible to book, Shahtaht to the GameDay crew behind the scenes.. absolute LEGENDS) was good for me. Took me back to my roots… will DEFINITELY be getting a bus if GameDay continues to be in the ol’ life schedule. What’s our future with @FanDuel? 190,000+ people rode with us for our Super Bowl SGP.. Patrick Mahomes is a DAWG but didn’t throw for 225 yards, so we didn’t hit the largest group bet/hit in Sports gambling history.. we apologize for letting everybody DAHN on the boosts this year.. TOUGH year to predict.. We and the new group of FD execs don’t necessarily have the same philosophical views on stuff, nothing but love for them, they are doing their thing but, certainly a different way of operating these days.. we’ve been lucky to be with them since Day 1 of legalized sports gambling… and we’re proud that they have been the #1 Sportsbook in America ever since. How’s that shape up before next football season? As with every year… the boys are all getting raises. I think that’s how businesses are supposed to go. I’m still getting sued by Brett Favre… allegedly So many things from a business point of view for a tank top wearing dumbass to ponder.. but I’m incredibly proud to be in the position that we’re in. All of this without an agent or a booker… they gotta be flustered. Cheers and thank you to the boys.. their families.. and all of you beautiful people that follow along with us. Let’s keep it going.
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Two sides to the coin - those with high net worth need estate, insurance, tax, trust and retirement planning, and for those that may have mismanaged their wealth they still need all planning as listed with perhaps the exclusion of a need for trusts.
I played 20 years in the NHL. I was one of the highest earning NHL players of all time. And friends with many other pro athletes. My guess is more than 50% of pro athletes have financial issues in retirement.
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Joe Friedt retweeted
There are no new reported COVID-19 related deaths in the past 24 hours.
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Joe Friedt retweeted
Again, why bother working... East Vancouver... Sold Nov 2020: $1,330,000 Sold April 2021: $1,540,000 Sold Dec 2021: $1,620,000 Just sold again: $1,960,000 Completely normal @bankofcanada @cafreeland @JustinTrudeau 🙄🙄🙄
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The Liberals just voted down their own election promise of restricting foreign buyers for the next 2 years. Rinse, repeat.
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Always be careful what you share with media and online!
A quick thread on in the importance of being careful what data you share - even if you're the Queen. Today, Her Maj tweeted this lovely picture, gor bless er, etc. You might think that the contents of the red box would be official business. And you'd be right. 1/6
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Here comes the tax man. CMHC funded report suggests homeowners pay a surtax on properties worth more than a million dollars. Why is every solution more tax/ bigger government? ca.sports.yahoo.com/news/cmh…
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“And then I told them inflation is actually good for you”
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SHOULD I BUY A HOUSE… or.. A LINK TO A PICTURE OF A PIXELATED MONKEY
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Canada ranks 34 out of 35 OECD countries in the length of time it takes to get a general construction project approved. The same bureaucrats are telling you they're going to solve the housing crisis.
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Over $600M of taxpayer dollars down the drain. Thanks for voting folks.
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BARCLAYS: “The market is no longer pricing out-of-control inflation, which was viewed as a key tail risk for equities. Earnings surprises are likely to continue as consensus EPS expectations are still not fully incorporating the rebasing effect of past surprises.”
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What I Learned From Getting COVID - Two Key Conclusions friedtfinancial.dubb.com/v/Y…
Something tells me that cottages might en up being the canary in the coal mine Out of all the segments of the housing market, this one appears to be the most vulnerable.
BMO: "If That’s Not a Bubble (Houses), That’s a Bubble (Cottages)"
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Joe Friedt retweeted
Another beauty in Vancouver...  4687 W 15th Ave, Vancouver Bought in 2020 for $2,200,000 Now asking $2,688,000 And yes, this is a real listing in Vancouver... for those who follow from elsewhere 33 x 122 lot #vanre
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This is also my inflation view, concisely explained 👇
The 🇺🇸 inflation debate has become excessively binary: runaway inflation versus no inflation. Most likely: - After a spring peak, #inflation will fall back - It'll remain above 2% for longer than at any other time over the past decade - It won't spiral out of control
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In case anyone was uncertain I too feel I must declare that “I am not a cat”