Heh, it sounds like Garth and I are on the same wave length after all!!
I have alot of time for Garth Turner. Do I follow his advice to the letter? No. Does he author one of the most entertaining blogs in Canada? Yes. Garth is a great writer.
Money Smarts Blog Investing and Personal Finance
I've never had any faith in him since I read one of his books, years ago. It was obvious he did not even understand how a mortgage works, yet he was giving advice about real estate!
You would be better off flipping a coin than listening to that guy.
He's a good writer that sells lots of books but his financial knowledge is clearly lacking. Also, though I would never use a broker personally, one attribute I would argue is most important in a broker is experience, which he lacks.
I fact checked some of his statements. Some are wrong some are right. He fudge numbers like those RE pumpers that he blasts.
On his investment advice. He uses one of those techniques where he consistently call for one direction on everything until it is right. But if you followed when he called it. It is usually 2~3 years early. The one time you can make money was on the bank preferred call. His REIT call was at the top so those who followed made no money and lost none so far.
Also I doubt he writes his own blog. Who spend that much time writing a novel everyday?
I recall his "advice" to liquidate all stocks in early 2009 - just when the market was on the cusp of turning around.
And isn't he also the dude who was peddling holding your home mortgage inside your RRSP?