23 Replies to “Well There Goes Your Pension”

  1. Forget climate change.

    Tesla will soar with robotaxis and Optimus.

    5x in 3 years.

    Bookmark this post and check in then. Nobody knows now and all opinions pro and con are worthless.

    For me, it’s a bet.

    1. Really, really big bump from robotaxis for sure if there are no devasting lawsuits or crippling legal or political actions. Optimus won’t have much impact.
      5x in 3 years? Nah, but maybe 2.5-3x in 3.

    2. Jasper is correct in that u shouldn’t be buying Tesla for the cars and the stupid truck … it is the Robotaxi tech and Optimus which will be the big impact in the future. Plus Tesla chargers should start earning serious cash as their chargers seem to be the only ones working consistently, plus they are numerous.
      CPP did okay …. just this week on BNN they reported over 9 % return last year …. that isn’t easy in a multi billion dollar portfolio with all the volatility these days.
      CEO earned his money in my opinion … it isn’t an easy job and I couldn’t do it.

      1. I made 25% last year using my Sunlife financial advisor and my own ideas. 9% is because some of the investments are political.

  2. The CEO was given $6.3 million dollars last year for his efforts. Keeping wealthy people wealthy is why voters vote for Liberal corruption, sacrifices must be made…

  4. Andrew Coyne often criticized the CPP’s move from a passive to active investment strategy with its concomitant order of magnitude increase in personnel and budget.

  5. Ref $6.3 million benefit package for the CPP CEO. The froggies came up with a cure for this back in the 1700s.

    I wonder if the plans could be tweaked to accommodate multiple patients? You know, the equivalent of a two-holer.

  6. This guy is paid $6.3 million to delay telling Canadians the breakdown of each Provinces’ share of the CPP based on their contribution? If he is mixed in with Liberal Carney, this will not end well for any Canadian, let alone over-contributing Albertans.
    What fund was it again that the Liberal Government raided to satisfy the IMF’s fidcal demands a while back?

  7. The support for Alberta taking their pension funds out of the Canadian Pension Fund is showing +55% approval here, so whatever remains for the Canadian Pension Fund to manage is going to need an economic genius to make it work. Hopefully Mr. Millions can make do.
    I’d care a lot more if the #Libranos weren’t telling us that we’ll (Alberta will..) fail without their expertise in all things but … my ex wife told me the other day that she’d applied for and is now receiving her old age pension, and while she was just about in tears (mostly in anger) over the realisation of her federal gov’t pittance, for me it was just anger that we in the west would ever accept what gov’t deems to be an acceptable return on investment over 40 some years of work.
    Knowing how much the new Canadians are being paid to be put up in hotels doesn’t help, actually it makes us hope the entirety of Canadian governance is burned to the ground. They seem to be on their way without our help, but what the CSIS or RCMP had said … of how angry Canadians will be if they find out how screwed they’ve been by this gov’t, seems legit.

    1. You think it’s bad now, marc, wait until they have to fire up the printing presses to pay pensions.

      Well… that’s just one option, I suppose. Another other option is to cut and cut and cut again the pension payouts until the fund is out of money,

      And then there is MAiD, which reduces the number of pension recipients.

      Hmmmm…. none of the options are looking very good. I think your point stands “[…] so whatever remains for the Canadian Pension Fund to manage is going to need an economic genius to make it work. Hopefully Mr. Millions can make do.” And just a reminder, hope is not a strategy.

      1. Oh that was mostly sarcasm, I expect the entire house of cards to fall.
        AB/Sask. won’t have a wall built around them to keep the Canadian riff-raff out, but it should be noted that we already have sufficient numbers of people who cannot function without gov’t intervention.

        The US and Japanese have recently bought their bonds with very new fiat paper … soon it will arrive here.
        We’ve had a decade of #Libranos and won’t have anyone else to blame.

        “Hey kids, guess what’s for dinner?” … “Hope”

    2. it has to be a methodical step-by-step process.
      it aint like a ‘final straw’ day when one partner packs a bag and goes home to their parents.
      nu-uh. AB needs to GET OUT of CPP and ‘handle the pensions itself’ like kaybeck, and then proceed the nxt step of detaching so that . . . . . .
      when the referendum happens people think, well shucks it all set. easy peasy.
      ‘we’re OUT OF HERE’.
      it takes planning, work, courage, time etc but grumbling for DECADES has got you NOWHERE. has it? frustration building but NO CONCRETE QUANTIFIABLE *ACTION*.
      so, given that is the case time to ‘put up or shut up’ m’kay AB? hmmm?
      are you serious or just letting of steam because personally l think youre all liars and cowards looking for sympathy from the ones who are beating you up and no intention of EVER doing anything.

      3. fp,
        Instead of having enough sense to use your own moniker here at SDA you decided to claim jump the name “fp” even though another person had been using it for some time, forcing them to start using “the real fp” which is a slightly awkward name, in order to completely differentiate from your poor syntax and misspelled rants.
        There are others here who think similarly, that this was a garbage move on your part, some may even think your actions are one of a liar for stealing another’s name, and a coward for not changing to something which is actually your own.
        People who have posted comments here under the name “Kate” should know the same.
        There’s only one.

  8. Don’t have the source but I read that CPP was over 50% in US equities. Good for them but they should have more. So much for disengagement and elbows up. What a scam that is.

    1. L – If the Canadian Pension Plan was 100% invested in U.S. equities. Then would Canadians be
      able to receive that higher earnings in U.S. dollars, too? Just asking for 40 million friends.

    2. I asked “Grok” this question just yesterday;
      what percentage of Canada’s Pension Plan has United States assets?

      As of March 31, 2025, approximately 47% of the Canada Pension Plan’s (CPP) assets are invested in the United States, according to the Canada Pension Plan Investment Board (CPPIB). This represents a significant portion of the fund’s total net assets of $714.4 billion.

      One of the source article listed;
      https://benchmarkbeat.com/markets/us/companies/canadas-largest-pension-plan-has-almost-50-of-assets-invested-in-the-us/

      1. oh and besides the “elbows up” don’t forget to hate Tesla….

        Grok, is the Canada Pension Plan invested in Tesla?

        Yes, the Canada Pension Plan (CPP) is invested in Tesla, Inc. As of the latest available data from the fourth quarter of 2024, the Canada Pension Plan Investment Board (CPPIB) held 2,223,815 shares of Tesla, valued at approximately $898,065,000, representing about 0.9% of CPPIB’s investment portfolio and making Tesla its 23rd largest holding. This stake reflects a 13.6% increase from the previous quarter, with CPPIB acquiring an additional 265,437 shares.

        Maybe you can point out to the Liberal Boomers that they should be refusing their CPP payments…you know…just on principle.

Proudly powered by WordPress & Skyrocket Themes

MENU

Navigation