Quote:
Originally Posted by Badhobz
I don’t know of any Chinese people who bought crypto. At least not in my circle of douche bags. Most are wayyyy too cheap to put any money into some digital bs that has no solid material backing behind it. Ie not based on gold.
Most are just dumb ass gic and rrsp holders. The richer ones have a regular mutual funds portfolio.
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Hobz...gonna give you the benefit of the doubt you mistyped. But how is it we're in 2024 and still many many people think RRSP is some kind of investment? It's a container. It holds your money and hides it from the government (until you take it out). It doesn't earn money on it's own. You can have Savings Account RRSPs, GIC RRSPs, Mutual Fund RRSPs, ETF/Stocks RRSP. The level of financial literacy even among "wealthy" people is appalling.