Much of the information authored in the book is dated (2010), and also runs contrary to what Mr. Turner suggests in more recent books as well as on his blog. Currently he suggests only ETF selections, avoiding gold, and going heavy on the US portion of your equity investments. In this book, he suggests avoiding the US market/dollar, avoiding ETFs and using technical analysis to select stocks, and to keep a position in gold. Sure, times change, but when I pointed these items out to Mr. Turner on his blog, he avoided the question. That's the thing about the future, predictions rarely come true and are rarely accurate, so take the information for what it is; a vested interest opinion to invest in the 'financial services' industry from someone who works in it. Mr. Turner has been calling for a RE correction for over 6 years, so sure it could happen. Alternatively, I could also suggest there will be a stock market correction in the future, and I would be just as accurate. Even a broken clock has the correct time twice per day.
Great book for those who are looking how to make it through the burst of a real estate bubble.
Garth fully believes that the Canadian housing market will collapse, and offers in this book some sensible (but occasionally difficult to understand) instructions on how to make the most of the situation, whether you own a house or not.
A great point of view to be explored if you are considering getting into or getting out of the real estate market, or are considering how you might invest your money.
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