RE:Provincial Election 2023 - Kasking calling for UCP winMany years ago a wise man told me to sell everything if the NDP gained power in Alberta.
Long story short... I counted the comment as hyperbole as opposed to wisdom.
Counting that comment as hyperbole seemed to be a mistake a short time later.
The NDP took power in Alberta, the price of oil tanked, and my mistake cost me half of my life savings. The eventual election of Kenny in Alberta did not restore my losses.
Oddly enough, the election of Biden in the U.S. saw my accounts triple in couple years.
Moral of this story:
It is very difficult to make investment decisions based on the outcome of elections.
Gotta be honest though ... If NDP wins in Alberta, I will probably liquidate my current positions.
Getting tired of outsmarting marxists, they are not trying to win, they are trying to destroy society.
Cheers,
Nukester