Hi Eric, I retired from the Canadian oil and gas industry in 2007 at the age of 53. I was in Palm Springs playing golf with the VP of oil and gas in a large Canadian Bank in April 2008. We were looking at million dollar condos and I asked him how people could afford them. He said no money down and no mortgage payments. I asked him how does that work? He told me it doesn’t and how the real estate bankers farmed out the loans. He told me a big crash was eminent. Came back to Calgary and sold all my stocks. Crash came. Oil dropped to $40. In the fall, I got back into oils stocks and doubled my money in 3 months. I still have more money than when I retired and I don’t need Depends. I really enjoy reading your reports.😎😎😎
Amazing!!!! Lucky timing.
Hi Eric, I retired from the Canadian oil and gas industry in 2007 at the age of 53. I was in Palm Springs playing golf with the VP of oil and gas in a large Canadian Bank in April 2008. We were looking at million dollar condos and I asked him how people could afford them. He said no money down and no mortgage payments. I asked him how does that work? He told me it doesn’t and how the real estate bankers farmed out the loans. He told me a big crash was eminent. Came back to Calgary and sold all my stocks. Crash came. Oil dropped to $40. In the fall, I got back into oils stocks and doubled my money in 3 months. I still have more money than when I retired and I don’t need Depends. I really enjoy reading your reports.😎😎😎