So i've recently started a new job and have started loo

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Anonymous
2016-02-17 23:51:46 Post No.
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Anonymous 2016-02-17 23:51:46 Post No. [Report]

So i've recently started a new job and have started looking at investing, however, I've learned something that has me worried.

As we all know, Canada is in the midst of a massive housing bubble. Furthermore, a few years ago, bank 'bail-in' laws were enacted. Now, we have the CDIC which will insures your deposits up to $100,000.
However, as they point out here,
http://www.cdic.ca/en/about-di/what-we-cover/Pages/default.aspx
investments such as stocks, bonds, mutual funds, etc are NOT covered.

So basically, if I invest and the housing bubble pops, all my investments will be pillaged by the banks.

What are the chances of this happening? Should I just stay in cash (and/or gold and cryptomemes)? Could I invest and just try to liquidate all my holdings into cash if I felt a crash coming?

Any advice /biz/?

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Anonymous 2016-02-17 23:54:20 Post No.1098629
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Anonymous 2016-02-17 23:54:20 Post No.1098629 [Report]

>>1098622
Put all your shit on Deutsche Bank and expect 'em to grow under the German flag and EU Bank safe

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Anonymous 2016-02-18 01:15:12 Post No.1098714
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Anonymous 2016-02-18 01:15:12 Post No.1098714 [Report]

>>1098622
I've considered investing and/or buying a house and looking at the markets it looks like a recession and massive bubble pops are going to be no later than 2018.

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I'm aware that Imgur.com will stop allowing adult images since 15th of May. I'm taking actions to backup as much data as possible.
Read more on this topic here - https://archived.moe/talk/thread/1694/