A Comment -- General Comments From an Expert (A Commentary)

A.I. & ETFs:
 
A.I. creating new ETFs that filter data in order to try and beat S&P 500.
So far - A.I ETFs are having a tough time beating the markets.
Derivative structure ETFs compared to traditional 60/40 portfolio appear to have same outcome.
Investors will have to be patient in order to learn impact of A.I. on investing. 

Registered Education Savings Plan (RESP):

For parents saving for their children's post-secondary education, the RESP is an invaluable tool. Contributions to an RESP are not tax-deductible, but the government offers the Canada Education Savings Grant (CESG), matching a portion of contributions. Investment growth within the account is tax-deferred, and when the beneficiary enrolls in post-secondary education, withdrawals are taxed at their lower tax rate. Additionally, the Canada Learning Bond (CLB) offers extra grants to eligible families.
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Demand will continue growing because EVs need it. Also, supply/demand is mismatched because it takes 10-12 years to get a new mine going.

Prefers hard asset (real estate & infrastructure) style business models vs. expensive tech style companies.
Consistent business models good for investors in the long term.
Higher interest rates hard on asset heavy business models, but eventually things will even out.
Waiting for real estate & infrastructure stocks to get cheaper before buying.
Rising deficit in USA a big concern with higher interest rates.

Tax-Free Savings Account (TFSA): 

The TFSA is a versatile account designed to help Canadians save for any financial goal. Contributions to a TFSA are not tax-deductible, but the real advantage lies in tax-free growth and withdrawals. Any investment gains within the account, as well as withdrawals, are entirely tax-free. TFSA contribution room accumulates over time, allowing individuals to carry forward unused contribution room indefinitely. This makes the TFSA a flexible option for both short-term and long-term savings goals.
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Picture is a little cloudy. Looking forward 5-7 years, no doubt that decades of underinvestment will come home to roost. So there will be supply shortages. At the same time, copper developers are running into vicious inflation in the supply chain from wage spirals and tax spirals. 

Constrained demand for copper equities is driven by a fear of recession. He remains bullish on individual copper issues. He takes a 5-6 year timeframe on his investments. If he had a shorter time horizon, his outlook would be more cautious.

He's a gold bug. Gold does well when people are concerned about the purchasing power of their savings and investments. 

For many reasons, people need to be concerned about conventionally denominated savings products. Real inflation (not the CPI) of the cost of living impacts both Canadians and Americans, including the rise of taxation. Also increasing amounts of debt and deficits. People worried about fiscal leadership in Canada and the US should be considering gold. People who aren't worried about the fiscal leadership are innumerate.

Jury's out. Political reality is that you have to posture around it. For many companies, CO2 injection is a method of pressure maintenance and enhanced production.

Not yet. In his experience, silver outperforms gold in the middle-end of a precious metals bull market, and we're now just in the early stages. He'd expect the gold (fear) buyer to outpace the silver (greed) buyer in the relatively near term.

In a precious metals bull market, the most volatile assets of all to the upside are silver stocks.

An argument is that drilling companies benefit disproportionately. In playing that game, it introduces a different level of risk. You need to understand the operating parameters of the drilling business, not just the mining business, and that's proven to him over 40 years to be a step too far. He's worked hard enough to understand primary production in mining and energy, and he decided not to pursue the service industry.

Almost surprising that equity markets have held up this well with rates going up and all that's happening in the background. Everybody's focused on the Fed and interest rates. We heard from the BOC today.

The market's been pretty narrow on the upside with large-cap technology and communications stocks carrying the day. Interest-rate sensitives like consumer, utilities, and banks have lagged, and they can offer some value.

Embracing banks. If you wait until everything starts looking good again, the stocks will already have moved. Great dividend yields, so even if stocks don't go up for a while, you're still getting a decent return. The dividend's giving you so much advantage, you don't need much to go right with these stocks for the next number of years.

Registered Retirement Savings Plan (RRSP):

The RRSP is a cornerstone of retirement planning in Canada. It allows individuals to contribute a portion of their income on a pre-tax basis, reducing their taxable income for the year. The funds within the RRSP grow tax-free until withdrawal. However, withdrawals are taxed at the individual's marginal tax rate at the time of withdrawal. RRSPs are particularly advantageous for individuals in higher tax brackets who anticipate being in a lower tax bracket during retirement.
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Governments have been pumping money into the system, but the problem is we have the same amount of goods and services. Also, people are holding onto jobs, immigration is rising and unions are demanding more money because of inflation. All this creates a cycle of inflation--stagflation. So, he is favouring materials, metals and oil. Inflation is here to stay, not 8%, but 3-4% for a while. Commodities are due their turn, so he's getting back into them.