My last survey was a flop. Investors may be intelligent people, they can't understand a simple indication like "please, indicate the value of your portfolio". Instead, they fucking write long comments about something else. So, they're responsible for the failure of the survey and the impossibility for me to write something intelligent about the average value of the portfolios of readers of this blog.
So, let's seek information elsewhere.
Here's a link about the wealth of canadians on some french-canadian publication.
The first part of the article that caught my attention was the "savings superstars". In other words, that's the money that should be saved at different moments of life for an early retirement. In my humble opinion, these numbers are almost impossible to reach. They're in USD, which is even crazier.
25 years old: 79 000$
30 years old: 250 000$
35 years old: 429 000$
40 years old: 660 000$
45 years old: 914 000$
50 years old: 1 240 000$
OK, perhaps you've got there because you read this blog and you have no other goal in your life than owning as much money as you can. So, you only eat white bread with nothing on it and have no hobbies other than watching hardcore porn on Youporn. But you're an exception.
Another interesting part of the article: net assets per family.
They say that average net assets per canadian family would be 378 000$ (for families between 45 and 54 years old).
What the fuck? Does every fucking canadian own a house or what? I don't understand that number. A lot of people own nothing. There's even some rich people who own almost nothing because they're full of debts. Many people own a house, but their mortgage is at a crazy level. Around us, there's only people with debt.
My main justification is that about 33% of quebecers don't pay any taxes because they're too poor. How could net assets be 378 000$ per family at an age between 45 and 54?
Because everybody is rich in Toronto and Vancouver?
No shit. These fucking cities are full of crackhouses. Fuck you, Vancouver and Toronto and everybody living in those shitholes full of mofos. Fuck you too Montreal, by the way.