You don't trust banks because of the government, but you're thinking of commercial real estate?
That's even more impacted by government action.

Sounds like you don't trust anything, I think the best way to make money is to invest in businesses. That's why I like the stock market.

 

I presume this is an ONION post

 

I presume this is an ONION post

what’s an ONION post?🤷‍♂️

 

Can someone tell me where to invest this much money and get some type of passive income.

Maybe put up a list of investment types/areas you do trust?

 

that’s a real ice breaker for a first post.

 

I'm with you as I avoid BCE due to their politics, avoid banks generally, and avoid companies that are go between with the Liberal Party - like MAGNA and Power Corporation. Also no dollar store due to all the Chinese crap being dumped in Canada.

 

You can look into private equity. Wealthsimple calls them managed investing. Not sure what the minimum is.

 

I dont have trust in banks here in this country after freedom convoy stuff.
I dont have trust in stock markets either as times are weird now a days
I dont want to invest in housing either as LTSB in Ontario is screwed up

I'm someone who also used to have a lot of distrust about the system, and a lot of pessimism. In case it helps, here are a few things I realized over the years.

(1) yes investing does require some faith and positivity. This is the reality of it. I spent a lot of time working with American entrepreneurs and investors (in my years in the US) and one thing I saw is that they're not only greedy, but also very optimistic people... this is a good thing. There is some "faith" required when investing. It requires a belief in the financial system, the banking system, etc. I recognize that not everyone will have this faith.

(2) there are cultural differences. Faith in stock markets is a very "western" thing. From conversations I've had, I would say it's in the cultures of: England, Germany, Switzerland, US, Canada (many others too)... but it's not in the cultures of many countries. We carry our cultural backgrounds with us, and I think it's important to be aware of this. I used to work with a Romanian guy who had zero faith in markets and said the whole thing is a huge scam.

(3) the cold hard reality is that you really have to invest (participate in the system), otherwise you will be left behind by inflation and currency devaluation. If you're not investing, then what are you doing? Holding onto cash? That's extremely dangerous over the long term.

Our western financial system forces us to participate, to preserve the purchasing power of our money. If you learn to "play the game", you will be better off.

(4) the Canadian banking system, financial system, and markets are quite strong. In the global context, we are one of the best places to invest. By this I mean that the system is stable, reliable, and honest. I think you're missing out if you aren't investing within the Canadian system, because very few countries are so friendly to small investors (like us). And look at the guy we just elected as PM... Carney comes from the banking and capital markets industry. The government is very friendly to investors and capital markets. And it's been like that for a very long time. This is unlikely to change during our lifetimes.

Can someone tell me where to invest this much money and get some type of passive income.

I would start by familiarizing yourself with index investing. This is all laid out in this great podcast.

I would become familiar with high quality discount brokerages, like those of the big banks. BMO Investorline, TD Direct Investing, that kind of thing.

Don't try to pick individual stocks. That's a terrible place to start, and you can do terribly. Stock-picking is actually why so many people have bad impressions of investing in the stock market.

As a starting point, I would suggest mixing stocks and GICs together. Holding stocks is as simple as buying XEQT, a global equity ETF. You could start at something like 20% in XEQT and 80% in GICs... this is very conservative but will help you get the hang of it.

Investing is not easy.

 

The original poster is an "administrator". I presumed that the person was an administrator of the forum. A true administrator of the forum since 2015 would not be asking these questions. I therefore did not consider the questions serious. I was probably wrong.

 

The original poster is an "administrator".

I think he just chose that name, which is a very weird choice. And no he's not an administration of the forum. People like that (such as cainvest and moderator2) have special logos and subtitles by their usernames.