Garth Turner as a personal wealth manager?

[Mike59]

The guy is a loon, and refuses to admit any errors in his opinions or his forecasting. He's been bearish on gold since at least $1200, and he proudly bleats on about how people should have listened to him when gold drops a few percent on the day, and because it has corrected from $1900. Would have been impressive if he called the top at $1900 without also calling it at $1800, $1700, $1600, $1500, all the way down to $1200 and below. He also lumps Apple in the overvalued category with NFLX and AMZN. His lack of accountability and understanding of valuation means he will never manage a cent of my money.
.

Sounds like he's all over the map. I read through one of his books from my local library awhile ago and if I recall correctly, the take home message was to bunker down, hold precious metals, buy guns and wait for the end game

[Belguy]

Heh, it sounds like Garth and I are on the same wave length after all!!

[londoncalling]

heh, it sounds like garth and i are on the same wave length after all!!

lmao!!!!!

[Jon_Snow]

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.

[Four Pillars]

Garth is a great writer.

Absolutely - I don't agree with a single thing he says, but I really enjoy reading his blog.

[Rusty O'Toole]

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.

[sharbit]

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.

[Causalien]

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?

[HaroldCrump]

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.

In other words, his "record" as a forecaster is just as good (and bad) as anyone else.
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?

[Causalien]

In other words, his "record" as a forecaster is just as good (and bad) as anyone else.
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?

Can't comment on that since I have never done the mortgage in RRSP myself