Quote:
Originally Posted by Ozy_Flame
4) DIVERSIFY. Start investing in non-resource dependent industries, such as high-tech, new media, and more finance / insurance.
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You'll need oil to go back to $35 a barrel for that to happen. Basically, Calgary is the worst place to run any time of business that isn't oil related or that panders to rich people you're competing with the oil industry for resources. We're at a huge competitive disadvantage that would cost a fortune to overcome, in spite of already having low corporate tax rates.
Far simpler and more and more effect to invest money in high-tech, new media, finance etc. in other places. And when they start making more money and you start making less money, that's fine because you own them.