Alberta Politics & Government Thread 3.0

[Fuzz]

Originally Posted by Goriders

Are you saying I have to leave the country to get a better rate of return? I don’t want anyone else’s money I just want to maximize the rate of return on mine.

I don’t understand how that is being greedy. That’s why you invesf money.

Can you expand on your statement?

You want to maximize your return by ####ing over others. This isn't complicated. If you don't care about your fellow Canadians across the country, what are you even doing here? GTFO . please.

[Locke]

Originally Posted by Fuzz

I'm just saying if all you care about is money, there are much better countries for that. It's not very intelligent to try to force change when that is easily available elsewhere. Go there. Get rich.. eat it or shove it up your ass at that point, I don't care.

So you're not coming to visit me at my compound in Rwanda then?

[Fuzz]

Originally Posted by Locke

So you're not coming to visit me at my compound in Rwanda then?

Do you have a gluten free kitchen?

[Locke]

Originally Posted by Fuzz

Do you have a gluten free kitchen?

I dont really know, you'd have to ask the kitchen staff and their English...well, to be honest, its not ideal.

I asked them and...it was pretty much all shoulders. Maybe if you stick to the fruit? But you may have to fight off a Warlord...or two. Its not a popular compound.

But they usually only attack between lunch and dinner.

[dieHARDflameZ]

Originally Posted by Fuzz

It's almost like the UCP doesn't know what the #### they are doing.

It’s almost like no political party in Canada knows what the #### they are doing anymore. They are all useless.

[Paulie Walnuts]

I can’t believe the idiots voted for this piece of ####. She’s just so ####ing dumb and will leave us in shambles.

No one wants to withdraw from the CPP. We want Smith to withdraw from Canada and join Jordan Peterson in Florida you can be up close with your hero DeSamtis.

[Goriders]

Originally Posted by Geraldsh

And that the only cure is to fracture it worse; with our own pension, our own police, our own whatever.

Just like Quebec and Ontario have already been doing for decades? Not sure what you’re saying makes any sense.

[Goriders]

Originally Posted by BlackArcher101

Does it even matter who manages the pension? Are some thinking if Alberta is able to do better at managing it that it would increase the amount they receive or something? I mean, if I was going to get the same result in the end, then I'd rather someone else take all the risk of managing it.

I think the point is demographic based. More young working aged comtributers with less elder consumers means you either need less contributions per person to fund it or the benefits go up if you maintain contribution levels.

Also assuming management costs would be less since dealing with a smaller group of people.

[Goriders]

Originally Posted by Slava

Just to be clear though, you can’t just copy the investments. It’s not like this is a portfolio of public equities where you just say “OK, they have 3.5% in Suncor, 4% Microsoft…” and mirror it. They’ve done all kinds of private equity deals, private credit and infrastructure that you can’t just replicate. You not only cannot get access to a piece of all those deals, but you can’t get the same terms and match that structure. But here’s a massive point that we should be considering; CPPIB is globally respected and they’re recognized for their competency for good reason. Why you would be in a rush to fix what’s not broken is beyond me.

Anyway, just thought I’d make it clear that you can’t replicate the CPP on a provincial level. And interestingly, if the province wanted to try, they’d be spending a pile more money to get a bunch of qualified people to run the private equity/credit and other like investments. They just fired the board of Aimco ostensibly because they weren’t happy with returns (which were completed fine, by the way) and they weren’t happy deemed too expensive (they were not!). I would be stunned to see them layout the kind of money you’d need to build this out to have the qualifications and similar roster to what you see with CPPIB.

Think if you leave you’re not leaving with a cheque. You’re leaving with a portion of the investment pool. Probably a negotiated portion. So I guess it would be possible to negotiate a mirror of the setup at the point in time you seperate. Afterwards you are probably correct. I was just pointing out that the pension performance could be derisked by trying to invest in a similar fashion. But like most things I’m sure the new manager would want to put thier stamp on it inside whatever guardrails are in place.

[Goriders]

Originally Posted by dieHARDflameZ

It’s almost like no political party in Canada knows what the #### they are doing anymore. They are all useless.

I don’t think that’s really much different than the past. Politicians usually don’t have any experience in the portfolios they manage. But the current crop do seem to have a knack for turning everything they touch into crap.

[Goriders]

Originally Posted by Paulie Walnuts

I can’t believe the idiots voted for this piece of ####. She’s just so ####ing dumb and will leave us in shambles.

No one wants to withdraw from the CPP. We want Smith to withdraw from Canada and join Jordan Peterson in Florida you can be up close with your hero DeSamtis.

I doubt that’s actually going to happen. Do you mean Alberta’s economy?

[Geraldsh]

Originally Posted by Goriders

Think if you leave you’re not leaving with a cheque. You’re leaving with a portion of the investment pool. Probably a negotiated portion. So I guess it would be possible to negotiate a mirror of the setup at the point in time you seperate. Afterwards you are probably correct. I was just pointing out that the pension performance could be derisked by trying to invest in a similar fashion. But like most things I’m sure the new manager would want to put thier stamp on it inside whatever guardrails are in place.

The guardrails you are referring to will be placed by the UCP party and be counterintuitive to successful investment. Go heavy in oil and hold the green.

[PepsiFree]

How many experts need to come out and say leaving the CPP is, at best, a very risky idea with a low chance for very modest benefits before Albertans actually accept it?

It’s such a silly idea parroted exclusively by sycophants at this point. Most Albertans don’t want to mess with it, every expert says the UCP is blowing hot air and lying about how great it’s going to be. Hell, Canada’s chief actuary just came out and said Tombe was right about the amount (closer to 20% than the 50+% the UCP is claiming) and you’ve still got the Fraser Institute falling over themselves crying about how they didn’t give an exact percent so it must be over 50% lol.

Leaving the CPP seems to be a position favoured by people who don’t want to deal in fact and logic or aren’t intellectually capable of it. That’s not the kind of people I want making any decisions about anything, but especially not pensions.

[Paulie Walnuts]

Originally Posted by Goriders

Think if you leave you’re not leaving with a cheque. You’re leaving with a portion of the investment pool. Probably a negotiated portion. So I guess it would be possible to negotiate a mirror of the setup at the point in time you seperate. Afterwards you are probably correct. I was just pointing out that the pension performance could be derisked by trying to invest in a similar fashion. But like most things I’m sure the new manager would want to put thier stamp on it inside whatever guardrails are in place.

I don’t think you understand what was said by Slava. You can just go replicate the CPP. The private investments they are invested in which is a good portion is not just available to everyone. You need to have certain amounts to invest to get in. They also outperform regular funds.

I don’t want anyone picked by this ####hole government managing my future. Or would you like to be like the US and get threats that they are running low on social security? I think so because that’s what this moron wants us to be like.

[chedder]

Originally Posted by Goriders

I think the point is demographic based. More young working aged comtributers with less elder consumers means you either need less contributions per person to fund it or the benefits go up if you maintain contribution levels.



Also assuming management costs would be less since dealing with a smaller group of people.

Smaller groups/smaller investment fund will mean bigger management fees. Scale has its advantages. Also, do you really think the ucp would ever have a smaller fee regardless?

And what happens as our small province ages or if/when oil and gas revenue inevitably shrinks?

[Fuzz]

And if government meddling and directing investment strategies isn't I concern for you, how would you feel about an NDP or other later elected government directing investments to only include green corporations? Have you thought this through?

[Paulie Walnuts]

Originally Posted by chedder

Smaller groups/smaller investment fund will mean bigger management fees. Scale has its advantages. Also, do you really think the ucp would ever have a smaller fee regardless?

And what happens as our small province ages or if/when oil and gas revenue inevitably shrinks?

Forgot that point as well. Smaller amount will mean higher fees and less people paying for those fees.

And anyone actually thinking she is going to replicate the CPP portfolio is crazy. They are idiots plain and simple. We will get sold a bunch of sketch stuff and have our money dumped into oil and gas.

[PepsiFree]

Originally Posted by chedder

Smaller groups/smaller investment fund will mean bigger management fees. Scale has its advantages. Also, do you really think the ucp would ever have a smaller fee regardless?

And what happens as our small province ages or if/when oil and gas revenue inevitably shrinks?

It turns out like the QPP where contributions are now higher than the CPP and payouts are the same.

[Fuzz]

https://thetyee.ca/Opinion/2024/12/2...an-Coal-Lobby/


Good summary on the absolute bs screwjob the province and coal mining company are pulling on Albertans. Looks like we will be getting coal for Christmas, but it isn't going to be limited to our stockings. Thanks again, UCP voters. I hope you choke on coal dust.

[Goriders]

Originally Posted by Geraldsh

The guardrails you are referring to will be placed by the UCP party and be counterintuitive to successful investment. Go heavy in oil and hold the green.

I think it would be similar to the cpp arms length from government. Guardrails would probably be put in place around level of risk ect. I doubt anyone would put industry guardrails on the fund. That wouldn’t make any sense. Allowing the fund to diversify its holdings would reduce risk.