Market. It is rare that he focuses on Canada because it is 3% of the world, but a budget is important. Canada is underperforming dramatically so how governments invest tax dollars is important. Infrastructure is important and Trudeau has not been good at pipelines. Housing affordability is a big issue. He believes in stress tests to that any problem in an extended family does not put a home at risk. Punitive taxing helps cap escalating housing prices. Monetary policy has to be re-thought. Pushing interest rates to zero hurts the seniors/savers and helps the young people.

Real core inflation is when we have more money in our pockets and are willing to spend it. Right now we all wait for the sales. If they just started giving money to people for free the people would spend it and that would create inflation, but printing more money does not do it. Governments can't balance the books.

Gold. It is one of the bigger positions he has. It is less than 1% of the world and he has between 4 and 8% invested in it. $1350 to $1375 is where the resistance has been for years. It would take a big flight to safety for it to break out. He would sell into a rally.

Educational Segment. 12'th anniversary of his show. What was the return 12 years ago if someone bought the balanced Canadian market. The XBB-T had 3% return in bonds and 4% in stocks. After inflation it is 0 to 1 percent. He advocates for active investing.

Market. Feb 25th the market said it was too much too soon and so we are now in a consolidation correction. He thinks the US China trade dispute will be resolved. World indicators in 6 months should improve and there is about a year's worth of long term significant up moves in North American markets. Oil is trying hard to get above $60 and looks pretty good. He thinks gold will 'catch a bid'.

We're seeing a slow melt-up with supportive central banks, stimulus in China and the third year of a Presidential cycle of a President who wants high markets. Valuations are okay and earning expectations are at a low bar. Many de-risked in Q4 and are looking for a pullback to get back in, but are not seeing it, so we're grinding up slowly. We'll be up 3-5% more this year on the Dow and other indices and take out old highs. Decent gains from here....There's good and bad news for Facebook. Bad are the recent headline; the good is the move off their lows, their growth rates and pivoting from defence to offence last quarter. Their valuation is attractive. But any BIG stock is a target for politicians, like BIG pharma or BIG tech. That's a risk. But if you buy Facebook on a pullback, you'll be rewarded in 12-24 months. The Canadian budget tomorrow: likely not enough relief for oil and no lower taxes. There's growing talk about Canada becoming more competitive like the U.S.

Should a retail investor go 100% equities (with many dividends) and no bonds? This is fine IF you know yourself. Do you know what you'll do three years from now if your portfolio is down? Do this if don't need to sell stocks to finance your lifestyle. Many retail investors own 100% stocks. Also, it depends how much money you have at stake. Have a game plan and stick to it.