IFB160: Buying U.S. and Capital Light Compounding Stocks with Braden Dennis

Announcer (00:00):



You’re tuned in to the Investing for Beginners podcast. Finally, step by step premium investment guidance for beginners led by Andrew Sather and Dave Ahern. To decode industry jargon, silence, crippling confusion, and help you overcome emotions by looking at the numbers, your path to financial freedom starts now.



Dave (00:35):



All right, folks, we’ll welcome to Investing for Beginners podcast. This is episode 116. Tonight. We have an old friend. We have Braden Dennis from the Canadian investor and Stratosphere Investing.com back with us tonight for another show. So without any further ado, I’m going to turn it over to the boys. And we’re going to go ahead and get started. So Brayden wants to say hi, and Andrew says hi.



Braden (00:57):



Hello friends. Good to be back, guys. Yeah, you bunkered down over there. Keeping safe and things are starting to feel a little bit more like summer, but still got a long way to go.



Andrew (01:12):



I think I got; I got frisky the other day. I went to the gas station and didn’t buy gas. I just want it cause I wanted to get something else. Wow. You rebel you speaking of risk. So we’ve had some good questions about investors who are in the UK, for example, investors who are in Canada.



Andrew (01:40):



They’re maybe interested in buying into us stock market, but you know, there’s a lot of hurdles that tend to come along. So maybe from your perspective, being a Canadian investor, the way I see it is there’s a risk. If you’re not getting exposure to the US and there’s a long list of reasons, I don’t want to go through all of them. But the fact of the matter is, is so much of the world’s economy today runs on US dollars. And so if you take the coronavirus as an example, obviously that was something that hit the global economy on a scale that we’ve never seen before. And so central banks had to print money to try and inject, and then kind of bring this sputtering economy back to life. And so different central banks in different countries did that. But the scale with which the fed did that here in the United States was a much bigger factor than let’s say happened in the EU.



Andrew (02:44):



And a lot of that has to do with the fact that there are so many dollars circulating all around and that it’s in such high demand, that a lot of money can be injected into the system. And so I think there’s a risk, particularly if you look through history at a lot of different countries and stock markets, where if they are not able to keep up with the standard with curren...