Making Money Minute with Ron Hiebert

Making Money Minute with Ron Hiebert - Alberta’s Carbon Capture Project It will be interesting to see if the Pathways Alliance carbon capture project actually happens. The plan is to build a 400 km pipeline from Fort McMurray to Cold Lake. They would use it to transport Carbon Dioxide produced by the oil sands to underground storage. The costs are expected to be anywhere from 16 to 24 billion to c...

Making Money Minute with Ron Hiebert - Financial Books For X-MAS At this time of year, I like to recommend books that would be great stocking stuffers for the investment nerd on your shopping list. How To Listen When Markets Speak by Lawrence McDonald is one of my favourites. If you are concerned AI is in a bubble, or the negative impact that out of control spending is having on the economy and th...

Making Money Minute with Ron Hiebert - Book Recommendation Listeners often ask what is the best financial book I have read this year? Hands down it would be “How Not To Invest” by Barry Ritholtz. He expands on the approach Charlie Munger and Warren Buffett have always taken. That is trying to invest by being less stupid. Their view, is that fortunes are often built, not on what you did right, but...

Making Money Minute with Ron Hiebert - Time To Be Cautious Nvidia makes high end computer chips that are essential for robotics, artificial intelligence and other sophisticated scientific applications that form the backbone of the new economy. Investor enthusiasm has pushed the value of this companies shares past the 5 trillion dollar mark. Put in perspective, that is more than the combined value...

Making Money Minute with Ron Hiebert - The Trades Are A Great Career It used to be that the route to a solid, good paying, secure, middle class lifestyle, started with a college degree. Lately, the rising costs of higher education have made the trades a much more compelling option. You can earn while you learn and often finish the program with little or no debt. The trades also offer security. It...

Making Money Minute with Ron Hiebert - Bitcoin Loses The recent price drop saw Crypto currencies lose about 1.2 trillion dollars over the last couple of months. Bitcoin alone gave up a 1/3 of its value. This has left a lot of grim and dejected investors in crypto land. But should all this volatility come as a surprise? Bitcoin selloffs as recently as 2018 and 2022, saw drops of 75% and 80%. Which...

Making Money Minute with Ron Hiebert - Uranium’s Energy Density One of the attractions of uranium is its energy density. A little goes a very long way. The energy gotten from a kilogram of wood will power a light bulb for a day and a half. The energy derived from a kilogram of oil, or coal, will light that same bulb for four days. One kilogram of uranium, will power a light bulb, day and night, fo...

Making Money Minute with Ron Hiebert - America’s Fix Won’t Be Easy America has been in a stupor the last twenty years. They have allowed themselves to get to a point strategically, where they have to import 90% of their uranium and almost the same percentage of rare earth minerals. They run massive trade and budget deficits which require foreigners to use their surplus dollars to buy huge amounts...

Making Money Minute with Ron Hiebert - Uranium The uranium sector looks like it is finally waking up from decades of slumber. The world has come to grips with the fact that nuclear is the only untapped technology capable of generating abundant energy 24/7, without producing Co2. The streamlining of the nuclear approval process, the development of small modular reactors and an increase in electrici...

Making Money Minute with Ron Hiebert - Market Cycles I have never seen anyone believe that tides levels will keep going in one direction forever because it is different this time. People have watched tides, cycle in and out twice a day for generations. That is what tides do. Markets do the same thing, just not with as much regularity. In spite of this frequency, investors are always shocked when o...

Making Money Minute with Ron Hiebert - Playing With Fire History shows that in times of conflict, countries often withhold interest payments on domestic bonds held by their enemies. United States, froze payments on dollar-denominated debt to the Japanese before World War II, and did the same to Russia after the Ukraine war began. The downside in doing this, is fewer people wanting to own your debt...

Making Money Minute with Ron Hiebert - Concentration & Returns Diversification in a portfolio is important because it spreads your risk across many assets and lowers exposure to any one of them. The problem, is you seldom get market beating returns owning dozens or even hundreds of securities. Oversized gains require concentrated portfolios. For example, Bill Gates has a 50 billion dollar investme...

Making Money Minute with Ron Hiebert - Time in Retirement Grows Since the year 2000, the costs of basic needs—such as home ownership, healthcare, and education—have consistently outpaced wage growth. This trend is expected to continue. As life expectancy increases, the amount of time we spend in retirement grows as well. By 2043, the average retirement may be 21 years. As a result, Canadians need...

Making Money Minute with Ron Hiebert - The Cockroach Rule If you have ever had cockroach’s in your kitchen, you will know there is never just one. The same advice holds true with loan portfolios of financial institutions like banks and trust companies. When a particular institution starts writing off aggressive, high risk loans, it is often a signal that there are more to come. Mistakes are seldom...

Making Money Minute with Ron Hiebert - Up 2/3’s The Time There are two things new investors need to understand about stock markets. The first is markets go down much faster than they go up. Stocks seem to take the elevator down and the escalator up. This can be scary until you understand the second major trait of stock markets. And that is that they go up far more than they go down. In fact they g...

Making Money Minute with Ron Hiebert - Seeking Excellence One of the best ways to protect yourself in volatile markets is to focus on owning the best of the best, the standouts, the cream of the crop. These are the companies with better execution, better products, better service and superior profits. David Gardiner co-founder on Motley Fool and one of the best growth investors of our era, defines...

Making Money Minute with Ron Hiebert - AI’s Circular Money People are wondering where the profits will come from to justify the trillions being spent on AI infrastructure. Of the 100’s of millions of people who use AI, only 3% are paying customers. Right now lots of money is pouring in. ChatGPT is buying billions of dollars worth of servers from Oracle, who are buying billions of dollars worth of...

Making Money Minute with Ron Hiebert - Perks Working For Government If you are looking for a career path, two options are working for government or private industry. On average, government pays 4.8% more in wages or salaries than the private sector. Also, if you work for government, you are 2.3 times more likely to have a pension - guaranteeing income at retirement. Government jobs are 50% more fl...

Making Money Minute with Ron Hiebert - Lobbying Works Since 2008, US Corporations have spent about 3.3 billion dollars a year employing 13,000 lobbyists to sway the US government into enacting favourable legislation for the companies and industries they represent. The reason there are so many lobbyists, is because what they do works. Studies show that companies generally get more financial bang fo...

Making Money Minute with Ron Hiebert - Speculation In TFSA’s The advantage of a TFSA is that investment gains within it are tax free. This makes it tempting for investors to put their speculative investments inside this shelter. If they hit a home run on one of them, the investor won’t have to share gains with the Canada Revenue Agency. The problem with this argument, is most speculative investmen...

Making Money Minute with Ron Hiebert - The Halo Effect They call it the Halo Effect. When people are really good at one thing, it can trick them into believing they are qualified, to weigh in on other areas as well. This happens frequently in the investment arena. People might be accomplished actors, sports stars, scientists or politicians, but few have the skills to understand, much less predict,...

Making Money Minute with Ron Hiebert - Europe’s Energy Demand A big beneficiary of Russia’ war with Ukraine has been America’s fossil fuel industry. Once the fighting started, Europe stopped using Russian oil and gas in the hope that it would pressure Putin into making peace. American crude and Liquified Natural Gas soon displaced Russian supplies. When the war ends, Europe will likely switch back...

Making Money Minute with Ron Hiebert - Better Information Investors need to review their sources of investment information. Ask yourself: When was the last time you got good investment advice from a front page headline in a newspaper or magazine? When was the last time mainstream media made a timely call about a recession? When did an interview with the general public provide insights that allowed...

Making Money Minute with Ron Hiebert - Deductible Moving Expenses If you are moving to another location, those expenses could be tax deductible. Under the Income Tax Act, you can deduct moving expenses for changing work locations, running a business, or becoming a full-time student. The expenses can be deducted from employment or self-employment income earned at your new work location. To qualify,...

Making Money Minute with Ron Hiebert - There Is Always Something To Worry About People run around with their hair on fire more frequently these days. There always seems to be some financial cliff the world is teetering on the edge of. Tariffs, trade wars, Brexit, interest rates, debt, inflation, Hamas, Israel, North Korea, Iran, Putin, Trump, Xi and the list goes on. The hair on fire crowd, never...