Why Canada’s Teachers Run an Investment Firm in Singapore

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  • čas přidán 17. 01. 2023
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Komentáře • 765

  • @OntarioTrafficMan
    @OntarioTrafficMan Před rokem +2355

    Today we learned that the tasks in Jet Lag were actually just a clever way to produce in-house stock footage

    • @TheDiggster13
      @TheDiggster13 Před rokem +132

      Why pay a stock footage service when you can just hire staff to make stock footage! Hai just reading their own videos as advice

    • @cicada.and.pomegranate
      @cicada.and.pomegranate Před rokem +104

      "Turns out we didn't have to buy stock footage" -JLTG S4E5

    • @iamthestig1
      @iamthestig1 Před rokem +33

      @@TheDiggster13 Well, it's not like he has the budget of a Canadian teachers' pension fund...

    • @johnscarceforpresident1647
      @johnscarceforpresident1647 Před rokem

      @@iamthestig1 well, it’s not like you got the joke either😭😭😭

  • @Cloudy_Paul2
    @Cloudy_Paul2 Před rokem +2025

    This channel manages to find niche subjects and make everyone know about them in such a clean way.

    • @CalvinJary
      @CalvinJary Před rokem +16

      The IQ points put into getting Ontario teachers more money is WAY higher than the IQ that was ever put into teaching me, an Ontario student. Guess who never taught me how to do my taxes, invest, or start a business? Ontario teachers. They did force me to learn tons of Shakespeare though

    • @milaandahiya
      @milaandahiya Před rokem +11

      I'm guessing his attention was brought to Ontario Teacher's Pension from being in the news recently from their recent investment in FTX.

    • @FitzChivalryFarseer2
      @FitzChivalryFarseer2 Před rokem

      Which is the only awful thing about the channel. Needs more expressive language at least

    • @NileGold
      @NileGold Před rokem

      But the topics are only half as interesting:(

    • @tonysoviet3692
      @tonysoviet3692 Před rokem +6

      Most pension funds function like this, except the US (which explains why pensions are being eroded since they can only invest in "vanilla" stuff like bonds and Treasuries). That's the gripe I have with Scandanavian countries since they claim to be very environmentally friendly but all of their pensions received funding from oil and gas while also investing in the same stuff.

  • @andrewvermey2366
    @andrewvermey2366 Před rokem +624

    I grew up on a farm in southern Ontario and the teachers pension plan buys up farmland as soon as it goes on the market, artificially inflating the price of land. It’s almost impossible to become a farmer, you have to be born as a farmer and inherit the land these days.

    • @Ale-bj7nd
      @Ale-bj7nd Před rokem +117

      Almost everything is going in this direction sadly. Housing, land, cars... And in most of the world

    • @goldkat99
      @goldkat99 Před rokem +14

      Oh just like the US then?

    • @jukees3658
      @jukees3658 Před rokem +47

      @@Ale-bj7nd You will own nothing. And you will be happy.

    • @AgusSpeicys
      @AgusSpeicys Před rokem +42

      @@Ale-bj7nd Cars has nothing to do with Land and Housing bro, defo agree on the two latter tho

    • @tanner4farm236
      @tanner4farm236 Před rokem +21

      I’m a farmer from Northern Alberta and the OTPP also owns farmland around where I live

  • @iamjamieq
    @iamjamieq Před rokem +997

    The OTPP used to own the Toronto Maple Leafs for nearly two decades. It was speculated that the Leafs were more profitable if they made it to the playoffs and then lost instead of winning the Stanley Cup, and the OTPP was doing what they could to make that happen. But the teachers sold the team in 2012, and the Leafs haven't won a playoff series since then. So... myth busted?

    • @rebeccafridaylover
      @rebeccafridaylover Před rokem +36

      Rogers and Bell owns them now. Myth not busted.

    • @Homer-OJ-Simpson
      @Homer-OJ-Simpson Před rokem +51

      " It was speculated that the Leafs were more profitable if they made it to the playoffs and then lost instead of winning the Stanley Cup" This makes no sense to me. How are they more profitable not winning?

    • @181cameron
      @181cameron Před rokem +89

      @@Homer-OJ-Simpson Leafs fans will buy more merchandise, burn it, then buy it again when the team promises (again) that "This is going to be the year they win."

    • @huntersmith3888
      @huntersmith3888 Před rokem +39

      @HomerOJSimpson they're not. It's just salty Leafs fans desperately trying to come to terms with their lack of playoff success for the past 5 decades.

    • @iamjamieq
      @iamjamieq Před rokem +12

      @@Homer-OJ-Simpson I wish I could find the magazine articles I read. One was from around 2007, and the other from about 2012, but both made the case fairly well. Something about perpetually being "the year" instead of it happening and fans being content for a while. The speculation was that personnel decisions were made to hamper chances in the playoffs. But as I mentioned before, the team has made as many poor choices and lost as much since the OTPP sold the team. So either the current owner is doing the same, or the Leafs just can't make it to a championship.

  • @Picobits
    @Picobits Před rokem +531

    Always wondered why Eurostar was part-owned by Canadian Teachers, I thought that was so weird

    • @scbtripwire
      @scbtripwire Před rokem +38

      Free field trips! 😉

    • @A_Canadian_In_Poland
      @A_Canadian_In_Poland Před rokem +52

      And also part-owned by the Province of Quebec.

    • @NeostormXLMAX
      @NeostormXLMAX Před rokem +12

      Canadian teachers hold a huge amount of power

    • @whatthepick
      @whatthepick Před rokem +5

      Cause Teacher Cartels are cool :D (Got to fund that Magic Schoolbus of Mrs.Frizzle) Beep Beep

    • @_ernie
      @_ernie Před rokem +6

      Yet Canada itself can’t get any decent rail 😢

  • @ReidFoose
    @ReidFoose Před rokem +425

    I guess it might seem weird for non-Canadians but for business grads pension plans is the most prestigious job you can get. They essentially get the top person from every class.

    • @NHLFrenzy
      @NHLFrenzy Před rokem +30

      In my experience too students will go to MBB Consulting, BB Ibanking, PE, first.
      Pension funds are still a great career though

    • @acchaladka
      @acchaladka Před rokem +12

      Yeah that's not true. (Me MBA, Canadian school)

    • @reambraden
      @reambraden Před rokem +2

      As a Canadian who went to a top school - no. Everyone wants MBB consulting, Investment banking or more recently, tech. Working for OTPP is low on the list.

    • @ReidFoose
      @ReidFoose Před rokem +2

      @@reambraden I mean I went to Queen’s commerce and know where my classmates went to work.

  • @totobogos
    @totobogos Před rokem +336

    Actually this "Canadian model" for pension funds is largely to be credited to Quebec's pension fund (CDPQ) and its subsidiaries. It was founded 25 years earlier than the OTPP in 1965 and established the same direct investment strategy. Today it's even larger than the OTPP (second only to the federal government pension fund) and has massive investments in global infrastructure, from Heathrow airport to the Eurostar and Australia's electricity grid.

    • @frozen-curmudgeon
      @frozen-curmudgeon Před rokem +27

      So because it originated in Quebec its not "Canadian?"

    • @totobogos
      @totobogos Před rokem +90

      Hm no that’s not quite my point; rather I mean that if there was a pension fund to credit with creating the model under which multiple Canadian pension funds are ran it would be the CDPQ, not the OTPP. Actually I wonder why the video is not about the CDPQ as it shares basically all the same characteristics as the OTPP, is even bigger and has even more potential for clickbaity title (offices in multiple cities in the world, investments in well known infrastructure like Heathrow or Dubai port, absurdly large real estate portfolio worldwide, multimillionaire CEO etc…) and has some juicy tidbits of corruption scandals; great content 😅

    • @rogink
      @rogink Před rokem +9

      That's interesting. Here in the UK we hear a lot about the Ontario fund - actually I'd assumed it part owned Heathrow, but perhaps it's Gatwick (London's second airport). I'm not sure what they do own, but it feels like any major infrastructure will have some OTPF investment!

    • @Tttb95
      @Tttb95 Před rokem +5

      @@rogink Its London City (LCY)

    • @totobogos
      @totobogos Před rokem +11

      @@roginkerhaps it’s a bit of a collateral of Ontario just being overall better known than Quebec in the Anglosphere, as well as Ontarian investment groups having pretty significant history in London, eg. the Canary Wharf development by Olympia and York.

  • @CerealKiIIer
    @CerealKiIIer Před rokem +142

    Fun fact: Quebec Pension Fund holds 13% of Heathrow Airport.

    • @shawa666
      @shawa666 Před rokem +1

      The Caisse more than a mere pension fund. It also manages the public car insurer 's reserves and a sovereign fund in the same vein as Norway's.

    • @adrncl
      @adrncl Před rokem +18

      People think Quebec separating is the issue when in reality it’s Quebec playing the reverse Uno card and taking over England piece by piece.

    • @guenthermichaels5303
      @guenthermichaels5303 Před rokem +1

      Canada Pension Plan owns complete airports in Europe and ports.
      They own 100% Ports America, the biggest Ship cargo handler in US.

    • @kappastudio4595
      @kappastudio4595 Před rokem

      @@shawa666 yeah the caisse is owned by many govermnent owned social services like the Retraite Quebec and even the CNESST

    • @grassytramtracks
      @grassytramtracks Před 8 měsíci

      ​@@guenthermichaels5303indeed, one of them my local airport, Bristol

  • @commanderscythe8571
    @commanderscythe8571 Před rokem +435

    My mother is an Ontario teacher and she watched this and laughed

    • @NigelMelanisticSmith
      @NigelMelanisticSmith Před rokem +15

      How come? I hear that despite the pension's profitability, Ontario teachers aren't outside very well.

    • @linkspeaks
      @linkspeaks Před rokem +37

      So's mine (retired) but I've definitely thought about becoming a teacher like her just because of the pension plan

    • @stanvincent4302
      @stanvincent4302 Před rokem +7

      Are the teachers in Ontario payed enough or low? Or do they just get stable pensions ?

    • @linkspeaks
      @linkspeaks Před rokem +55

      @@stanvincent4302 I mean, they're paid fine. The ultimate goal is to reach retirement when that full benefits pension kicks in

    • @sampilcher7196
      @sampilcher7196 Před rokem +22

      @@stanvincent4302teachers in Ontario get some of the BEST wages in the province. There’s none that I know personally that are under the 100k a year mark.

  • @briiteNIITEliite
    @briiteNIITEliite Před rokem +314

    being an ontarian, I already knew about most of this but this was still a great video. it's certainly an interesting case study

    • @rederik99
      @rederik99 Před rokem +13

      The wild thing is that they don't even get paid that well when they're still working. Weird.

    • @karanmohie
      @karanmohie Před rokem +4

      So do the teachers get paid good amount of pension?

    • @123string4
      @123string4 Před rokem +27

      @@rederik99 Ontario teachers are some of the highest paid in the world, what are you talking about?

    • @linkspeaks
      @linkspeaks Před rokem +5

      being an Ontarian with several family members in the teaching profession, I knew very much about this, and am still surprised by how much the OTPP actually owns

    • @TDRE88
      @TDRE88 Před rokem +8

      @@123string4 that just means the rest of the world is underpaid for something that’s very important

  • @somethingsomething404
    @somethingsomething404 Před rokem +105

    I found out about the OTP when FTX lost some of their money.
    I’m from Ontario so I found it hilarious that my grade school teachers retirement money somehow funded an adderall fuelled orgy in the Bahamas

  • @great_icosahedron
    @great_icosahedron Před rokem +129

    I love how he just randomly tells us more of the random stuff they own throughout the video

  • @MaryOlson7
    @MaryOlson7 Před 6 měsíci +44

    I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

    • @MaryOlson7
      @MaryOlson7 Před 6 měsíci

      @@AustinWalker67 That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well

    • @MaryOlson7
      @MaryOlson7 Před 6 měsíci

      @@AustinWalker67 I will give this a look, thanks a bunch for sharing.

    • @Patricia-Margaret
      @Patricia-Margaret Před 6 měsíci

      @@MaryOlson7 Bridget Mary Turow her trading strategies is working for me for more than a year now and I’m making good profit from the stock market and she's 100% honest, reputable and trustworthy

  • @ricequackers
    @ricequackers Před rokem +135

    Whenever I do any research on a company I'd like to invest in, the OTPP keeps cropping up as a major shareholder in just about everything. Same goes for the Norges Bank which is Norway's fabulously wealthy sovereign wealth fund. Some of these institutional investors are really quite interesting.

    • @youdontknow4264
      @youdontknow4264 Před rokem +21

      The Norwegian sovereign fund to day has invested in 9 338 companies and in 70 different countries. On average, the fund holds 1.3 percent of all of the world's listed companies

    • @KNR90
      @KNR90 Před rokem

      This is only for one province though. Not all Canadian teachers. Alberta teachers have been fucked completely by far right premiers

    • @lzh4950
      @lzh4950 Před rokem

      Meanwhile instead of pensions Singapore makes its citizens & PRs save up 20% of their incomes for retirement (unless your annual income is below a certain level) while your employer has to chip in to too - 16% of your salary (thus some employers might be biased & may prefer hiring foreigners instead of locals since they don't have to do such chipping in for them). These savings are then invested by the gov't's investment companies/SWFs Temasek Holdings & GIC too, which came in the spotlight when they lost ~2% of their portfolio when FTX collapsed, or when they were the ones pressuring StanChart to retrench staff after their profit dropped ard 5 yrs ago

  • @Wavetune
    @Wavetune Před rokem +253

    If only all pension funds were ran responsibly - too many suffer from underfunding, this is a great example of success

    • @gabriellelilly
      @gabriellelilly Před rokem

      Contact ✌🏾 for help to invest and get profits payment massively ,very legit and honest

    • @IcECreAm-sv2qv
      @IcECreAm-sv2qv Před rokem +15

      Underfunding? How many more billions do they need 😂

    • @FullOfMalarky
      @FullOfMalarky Před rokem +1

      You also need to remove the mob in many cases

    • @michaelmccarthy4615
      @michaelmccarthy4615 Před rokem +14

      Or like Californias pension plans, which are huge, they have self imposed restrictions on the types of investments they can make….

    • @christhecurler
      @christhecurler Před rokem +19

      Many other public pension plans in the province are funded by a higher ratio, but are not as successful. Managing their own plan independently from the employer was the smartest thing they've ever done.

  • @F35Nerd
    @F35Nerd Před rokem +31

    Watching Jet Lag has taught me so much about Ben and Adam's personality that I can tell who wrote the video based on the topic. For example, I could tell that Adam wrote this video because of his ability to take something like this topic (or even a jet lag strategy) and make it seem fun and interesting but also very informative to the audience .

  • @graygraygraygraygraygray
    @graygraygraygraygraygray Před rokem +43

    Probably also worth mentioning la caisse de dépôt et placement! It’s the Québec equivalent, with also equally massive holdings.

  • @Wavetune
    @Wavetune Před rokem +128

    When a pension fund invests better than most proper hedge funds…

    • @gabriellelilly
      @gabriellelilly Před rokem

      Contact ✌🏾 for help to invest and get profits payment massively ,very legit and honest

    • @janedoeYT
      @janedoeYT Před rokem +45

      @@pokestarsbrawlclips You may have a point. The long-term nature/focus of the fund may naturally lead to better absolute returns over time than those that have to deal with short-term withdrawals and volatility, like... most "pools" of money.

    • @FastSloth87
      @FastSloth87 Před rokem +5

      They invested in FTX tho.

    • @NeostormXLMAX
      @NeostormXLMAX Před rokem +7

      They just lost millions in ftx Lmao

    • @givepassword
      @givepassword Před rokem +4

      @@NeostormXLMAX So? A lot of people did, it's not like anyone could have seen it coming. FTX was 0.05% of their total assets, they lost almost nothing.

  • @alexanderdimitar7154
    @alexanderdimitar7154 Před rokem +266

    Inflation can have a significant impact on individuals and their cost of living. As a result, it can cause negative market sentiment. It is important for individuals and businesses to find ways to navigate and potentially mitigate the effects of inflation on their finances. The current economic climate, including underperformance of financial markets due to fear of inflation, has led to a decrease in the value of my portfolio.

    • @gagnepaingilly
      @gagnepaingilly Před rokem +2

      It is recommended to seek the assistance of a finamcial advisior or broker to diversify your invstment portfoliio through the inclusion of commodities, inflation-indexed bonds, and stocks of financially stable companies, rather than relying solely on growth stocks with uncertain future earnings.

    • @smithmurphy
      @smithmurphy Před rokem +3

      @@gagnepaingilly Such market uncertainties are the reason I don’t base my market judgements and decisions on rumours and here-says, got the best of me 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of an advisior, before I started seeing any significant results happens in my portfolio, been using the same advisior and I’ve scaled up 750k within 2 years, whether a bullish or down market, both makes for good profit, it all depends on where you’re looking.

    • @glenbert1396
      @glenbert1396 Před rokem +1

      @@smithmurphy True, we’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides yo help?

    • @smithmurphy
      @smithmurphy Před rokem +6

      @@glenbert1396 A counselor is required for portfolio diversification. "Jill Marie Carroll, my advisor, is easily found and has extensive knowledge of the financial markets.

    • @glenbert1396
      @glenbert1396 Před rokem +1

      @@smithmurphy Found her, I wrote her an email and scheduled a call, hopefully she responds, I plan to start 2023 on a woodnote financiially.

  • @HonestlyThor
    @HonestlyThor Před rokem +61

    Just to be super clear - depending on the exchange rate - Ron Mock made $5.6 million in Canadian dollars. As of this comment, that's about $4.1 million US. Which is still a far cry from $283,000 US, but.

  • @joshmansker
    @joshmansker Před rokem +26

    I'm a teacher in Ontario. Love this. Just shared it with my colleagues.

  • @DreadGecko
    @DreadGecko Před rokem +36

    While teachers in some states may not be paid well, the average teacher in Ontario makes roughly 40% more than the national average while getting a good chuck of the summer off. So, they are well paid and they have the best of the best in terms of pension and benefits. So, you don't need to feel bad for the teachers in Ontario. They get paid well enough.

    • @joe_z
      @joe_z Před rokem +10

      I don't know anyone who feels bad for Ontario teachers - mostly I know about teachers in American states who envy them.

    • @billpetersen298
      @billpetersen298 Před rokem +2

      Haha, the summer off?
      Add up all the other holidays, stat holidays, professional days, sick days, and paid benefits.
      Who needs a salary?

    • @Pharoah2
      @Pharoah2 Před rokem +2

      @@joe_z in Canada teachers were riding that wave and telling students they were underfunded lol

    • @mthomas1443
      @mthomas1443 Před rokem +6

      Teachers DO not get paid during the summer. Salary is divided into 12 months. I don’t know why ppl think teachers would get paid to do nothing. You have to be more intelligent than this lol.
      Meaning they get paid less during the year out of their yearly salary so they can get paid during the summer. It is not extra money.
      If you want that, just ask your boss lol. It’s the same amount of money though you just make it stretch.

    • @jonathanandrew2909
      @jonathanandrew2909 Před rokem +2

      @@mthomas1443 but they’re still paid 70, 80, 90+k a year with 1/3rd if the year off.

  • @DaRadicalCavy
    @DaRadicalCavy Před rokem +30

    Fun Fact: Manchester Council in England, United Kingdom own major shares in many of the UK's largest Airports. Manchester and East Midlands (largest cargo in UK) included.

    • @jasonhaven7170
      @jasonhaven7170 Před rokem +4

      Good, local infrastructure should be owned by local governments, like Transport for London

    • @nadirg6055
      @nadirg6055 Před rokem

      Yikes for the mancssss 🙌🏻🇬🇧

    • @grassytramtracks
      @grassytramtracks Před 8 měsíci

      I think Stansted as well, not Bristol though, that's controlled by the Ontario Teacher's pension plan

  • @rc2884
    @rc2884 Před rokem +45

    It's crazy to put into perspective that the Ontario Teacher's Pension Plan has more money and pull than some countries. I remember that everyone would gun for a co-op position there when the postings went live on my uni's job portal.

    • @hassanali-ys7qn
      @hassanali-ys7qn Před rokem

      which coop?

    • @armaanbraich67
      @armaanbraich67 Před rokem

      @@hassanali-ys7qn i applied there recently for a software engineering internship but they probably have a lot especially in business

  • @dav007k
    @dav007k Před rokem +16

    The Irish National lottery is owned by Ontarios Teachers Pension Fund

  • @KellyPKramer
    @KellyPKramer Před rokem

    About 20 years ago in calgary I did plumbing in a couple of warehouses built by Remington developments. Both were sold to the OTPP. In some cases they buy before building in completed and get a reduced purchase.

  • @erebos8260
    @erebos8260 Před rokem +4

    The railway/ train service to Stockholm-Arlanda Airport in Sweden is partially owned by Australian pension funds

  • @linkspeaks
    @linkspeaks Před rokem +4

    As soon as you mentioned the OTPP I was like, oh....right, this video has been a long time coming

  • @cd5433
    @cd5433 Před rokem +1

    Ontario teachers actually worked with blackstone many times if you read the book king of capital. So they did pay fees and did link up with private equity when they weren’t directly buying into the investment themselves and were putting money into one of the blackstone funds.

  • @KaiWut
    @KaiWut Před rokem +1

    0:27 Thanks whoever wrote the captions

  • @abhaynag5891
    @abhaynag5891 Před rokem +37

    As a guy from karnataka, it blows my mind how the roads that I travel in are managed by this teachers' pension fund

    • @WillJackDo
      @WillJackDo Před rokem +2

      Wait which roads?

    • @urooj09
      @urooj09 Před rokem

      They even fund a lot of startups.i think they invested in Flipkart and others

    • @harisadu8998
      @harisadu8998 Před rokem

      Yes, Canadian Pension Plans invest a lot in India.

    • @edpatel6929
      @edpatel6929 Před rokem +1

      Owned, not managed.

  • @stuartjames1862
    @stuartjames1862 Před 10 měsíci +96

    I admire the financial independence of people, But you can live better if you work a little more. After watching this I think there are people out there, on the extreme, who plan to die early just to be able to retire early. To each their own but to me retirement isn't just about not having to work, it's about having the freedom to do whatever you might reasonably want, such as travel, buying things, enjoying life, etc. I don't think I could retire with less than $3m in income-generating investments, maybe $2m at the very minimum. I plan to work until I'm at least 45

    • @danieljamal3709
      @danieljamal3709 Před 10 měsíci

      Nobody knows anything, you need to create your own process, manage risk and stick to the plan, through thick or thin while also continuously learning from mistakes and improving

    • @veramonique1724
      @veramonique1724 Před 10 měsíci

      Having an investment adviser is the best way to go about the market right now, especially for near-retirees, I've been in touch with a coach for a while now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I netted over $220K during this dip, that made it clear there's more to the market that we avg joes don't know

    • @stuartjames1862
      @stuartjames1862 Před 10 měsíci

      Who’s the person guiding you

    • @veramonique1724
      @veramonique1724 Před 10 měsíci

      credits to *MARTHA ALONSO HARA* , one of the best portfolio managers out there. she's well known, you should look her up

    • @stuartjames1862
      @stuartjames1862 Před 10 měsíci

      I just checked her out and I have sent her an email. I hope she gets back to me soon.

  • @sangokudbz79
    @sangokudbz79 Před rokem +9

    1:11 actually no they would not, the employer would just keep it

  • @kevintaras1456
    @kevintaras1456 Před rokem +24

    "they can go bungie jumping whenever they want, that's the first key part of the Canadian model" - Half as Interesting

  • @mouthegg
    @mouthegg Před rokem +1

    Nice little cameos from Ben and Adam 😻

  • @reidhowes333
    @reidhowes333 Před rokem

    They also own and run one of the three biggest alcohol brands in Toronto: Wine Rack which is always in good supply of Jackson Triggs and Inniskillion which are both owned by, you guessed it, the OTPP (They bought Constellation Brands Canada who runs these brands)

  • @inzanozulu
    @inzanozulu Před rokem

    Your bringing up how the long-term returns of things like infrastructure align with the pension fund's long term payout makes me think of it as a natural fit to implement in a certain elsewhere so we can actually have trains

  • @davebushmediadesign
    @davebushmediadesign Před rokem +4

    I wonder if they invested in companies who produce stock footage.

    • @okekeikechukwu8548
      @okekeikechukwu8548 Před rokem

      I'm also a proud beneficiary! I've built my portfolio massively and still building. Started with a CZcams referral just like this and a few thousands. I'm way up to the profits now..

    • @faithuni2086
      @faithuni2086 Před rokem

      When someone is straight forward people will always talk about her, thanks for talking about Amanda Martin services here

    • @floraodakpo6565
      @floraodakpo6565 Před rokem

      Having monitored my portfolio performance, Alicia has made me a jaw dropping $370k from just the past two quarters alone. I have learned why these experienced traders make enormous returns from the seemingly unknown market

    • @romancatholicgameing
      @romancatholicgameing Před 10 měsíci

      ​@@floraodakpo6565 who tf are you guys trying to tell old gullible people to get scammed from? Amanda or Alicia?

  • @ConnorSmithFilmsHD
    @ConnorSmithFilmsHD Před rokem +2

    I'm also sure that the OTPP are the parent company of Camelot which runs the UK's National Lottery. Seems like they have investments everywhere...

  • @paulstransportandmore
    @paulstransportandmore Před rokem +3

    Love your video's!

  • @IanYS
    @IanYS Před rokem +5

    I'm Singaporean and I can confirm that they can indeed go bungee jumping whenever they want. Very important

  • @cherylm2C6671
    @cherylm2C6671 Před rokem

    Thank you for your video!!!

  • @jacktattersall9457
    @jacktattersall9457 Před rokem +1

    This is what the Quebec CDPQ (which manages pension funds for Quebec) and Canadian federal CPP (public pension fund for all Canadians not in Quebec) and the PSP pension fund for federal public sector employees do with deductions from peoples salaries to pay their pensions. Unlike US social security, government pension deductions (CPP contributions) are not spent on today's retirees as much as invested to pay you back your pension in the future. The interesting thing is when they use the money locally. For example, a new light metro in Montreal called the REM is being funded and delivered by CDPQ's infrastructure arm CDPQ Infra, which will be repaid by the regional public transport authority ARTM based on how many passenger-kilometres are carried on the system. This repayment will then be a stable source of income to pay future Quebec retirees.

  • @coastaku1954
    @coastaku1954 Před rokem +13

    Finally a video on the Ontario Teacher's Pension Plan~! I was shocked when I found out how much they owned and invested in

  • @maxwillis9234
    @maxwillis9234 Před rokem +1

    You should do a list of the CPP investments

  • @oldtechnobodycaresabout

    The OTPP owns HS1 line in Kent, UK

  • @matthewwilkes6162
    @matthewwilkes6162 Před rokem +3

    They own my local airport, one of my favourite bits of trivia.

  • @gregtomamichel973
    @gregtomamichel973 Před rokem

    I live in rural Victoria, Australia and lots of our local farms are owned by Canadian pension funds.

  • @WesNishi
    @WesNishi Před 6 měsíci

    Other pension plans in Canada like HOOPP (health care employees in Ontario) were "forced" to pay higher benefits because Canada's tax rules state if funding exceeds 125% of liabilities (funding ratio), they must decrease contributions or increase benefits.
    Even national pension plans like CPP act similarly and have done extremely well. The last actuarial report says it is funded for at least 75 years. The CPP Investmentd is set up arms-length from.the government. Compare this to the Social Security Trust Fund, and you can see why the Canadian model is great.

  • @victorcastropalavicino4434

    OTPP has a major ownership over one of the largest electrical distribution companies here in Chile. Sadly it wa not in the video.

  • @abandonshipify
    @abandonshipify Před rokem +3

    I actually work for a company owned by them, it's weird and kinda neat to see this!

  • @jaydirt316
    @jaydirt316 Před rokem +1

    As a teacher from Ontario who will benefit this, we are very cool with this model.

  • @pereJobs
    @pereJobs Před rokem +8

    Employer contributions are employer contributions. If the employer didn't pay that money for the pension, it would go the shareholders, because that's how companies work.

    • @Hage86
      @Hage86 Před rokem +2

      I had to rewind that part because I couldn't believe he actually just said that. That surely was one of the dumbing things ever said on this channel, and it certainly didn't sound sarcastic

    • @TheOwenMajor
      @TheOwenMajor Před rokem

      @@Hage86 Half as interesting has a moronic socalist streak to him. Funny, because he's making a ton of money just reading wikipeadia articals and hiring foregin anamators.

    • @ChasmChaos
      @ChasmChaos Před rokem

      On the contrary, the employer is forced to pay the employer contribution and hence they make up that amount from reduced wages (sending that money to the shareholders). That's how companies work. Which is why the employer contributions are in fact employee contributions.

    • @TheOwenMajor
      @TheOwenMajor Před rokem

      @@ChasmChaos lol, you have such a naive childish understanding of the market it is hilarious. So according to you if the employers didn't have to contribute... They would just send that money to their employees?
      How nice of them.

    • @ChasmChaos
      @ChasmChaos Před rokem

      @@TheOwenMajor that's not what I said. In a nutshell, they aren't going to pay. If they are forced to pay through a mandatory contribution, they'll silently reduce the actual salary of the employee.
      Whatever is going in to the pension is entirely by the employee. It's just marketing to pretend the employer is also contributing.

  • @cmul7651
    @cmul7651 Před rokem +2

    They also own the company that runs the UK national lottery

  • @guilhermetavares4705
    @guilhermetavares4705 Před rokem

    This pension fund also has investments in water and sewerage companies here in Brazil.

  • @fren2y123
    @fren2y123 Před rokem

    You should do a video about the Caisse de Dépot et de placement du Québec. It is similar but like MUCH MUCH BIGGER

  • @harveyts3
    @harveyts3 Před rokem +1

    Employer contributions do not affect the maximum amount that can be contributed to 401k in the US. If your employer did a 1:1 natch up to the maximum amount you could contribute, you could save double the money each year toward retirement. The distinction between how money is handled for tax purposes and how the cap of contribution is administered makes the difference worth making. Just saying that dollar for dollar that money is worth more then if the employer gave it to you as pay.

  • @scbtripwire
    @scbtripwire Před rokem

    Am Canadian, had no idea about this, very cool!

  • @kman87675700
    @kman87675700 Před rokem +5

    I live in Ontario. We pay our teachers a lot (they routine clear $100k for 9 months of work) and they have an insanely sweet package which is hwy for every working teacher there is 10 graduating teacher college. Now, you'd think this would result in amazing teachers....you would be wrong.

  • @DougGrinbergs
    @DougGrinbergs Před 6 měsíci

    Related, Canadian Pension Plan in Globe and Mail: "In 2015, CPPIB formed Denver-based Crestone Peak Resources, spent ~US$600-million to buy 51,000 acres of producing oil and gas wells and drill sites in Colorado from Calgary-based Encana"

  • @d.mort.
    @d.mort. Před rokem +16

    This really explains how my Father’s pension (Ontario teachers) had somehow taken a small stake in FTX😂 I was so confused hearing that. But knowing it’s an independent entity it makes more sense.

  • @stopyourstalkingshitbro1602

    What an amazing subject

  • @yobb1n544
    @yobb1n544 Před rokem +5

    As a former student in Ontario I find this so funny for some reason

  • @Diego-pc4rc
    @Diego-pc4rc Před rokem +1

    They also run most of the malls in Ontario and many in the rest of canada

  • @beckycrump8831
    @beckycrump8831 Před rokem

    The portion of the pension paid by the employer isn't really paid by employee money. If the employer didn't pay it ,they would keep it for profits or put it back into the company. The employee wages are determined by what each job makes in other companies.

  • @ClairvoyantTruth
    @ClairvoyantTruth Před rokem

    Video accidentaly includes Toronto's Old City Hall in the Eaton Centre area. The red dot is directly on the Old City Hall (0:01). Eaton's Center is the rest.

  • @YoungGandalf2325
    @YoungGandalf2325 Před rokem +3

    If they like to buy infrastructure, I know of a bridge in Brooklyn they might be interested in...

    • @gabriellelilly
      @gabriellelilly Před rokem

      Contact ✌🏾 for help to invest and get profits payment massively ,very legit and honest

  • @Ross-cecil
    @Ross-cecil Před rokem

    damn, the closed captions bypassed your censorship of the spoiler for jetlag

  • @sudhanshulaha7836
    @sudhanshulaha7836 Před rokem

    they recently bought out the Hospital chain my mom worked at in India

  • @chriskonya1964
    @chriskonya1964 Před rokem +1

    I found out about them when I heard they owned my local airport here in the UK

  • @andersonrusnell3102
    @andersonrusnell3102 Před rokem +5

    I heard somewhere that the Ontario Teachers Pension Plan invested in FTX, not sure if that was/istrue

    • @ehhthing
      @ehhthing Před rokem

      The OTPP definitely has crypto investments, yes.

    • @revcrussell
      @revcrussell Před rokem

      I read that too. But they are so large that the loss is not consequential.

    • @bitcoinisfreedommoney.fckt2663
      @bitcoinisfreedommoney.fckt2663 Před rokem

      100% true but wasn’t a huge amount for the Fund

    • @rc2884
      @rc2884 Před rokem +1

      yep, it ended up being a $95 million write-off, but that's a drop in the bucket compared to the $240 billion in funds they manage

  • @jfwfreo
    @jfwfreo Před rokem +1

    The obvious question is, if this works so well, why haven't more pension funds (e.g. those in the US) copied the model? Laws that limit how pension funds operate? Laws (e.g. tax etc) that make doing it less profitable than in the places like Canada where it is done? Pension funds being more risk averse in these other countries? (i.e. wanting to stick to safe investments like government bonds from places like the US or shares in big strong companies that aren't likely to go bust anytime soon rather than riskier investments)

  • @brendanhall6097
    @brendanhall6097 Před rokem

    as a dude in Sydney who just had a glass of water, I'm glad I could do my bit to help old Canadian people

  • @carolinekelly3415
    @carolinekelly3415 Před rokem

    Interesting?? I never knew this. Thanks for sharing this video.

  • @The2wanderers
    @The2wanderers Před rokem +1

    It works when it works, but the key is political independence. Alberta and Quebec have also gone the route of having inhouse management, but have investing goals tinged by political imperatives. ("Invest in the local economy, buy my donor's failing oil company, etc.) The result is underperformance.

  • @casuallystalled
    @casuallystalled Před rokem

    Damn Sam throwing that shade at the end 😂

  • @brianbarker2551
    @brianbarker2551 Před rokem +3

    Teachers as they call it is huge, like friggin huge. They've had a consistent rate of return of 10 to 12% for the last few years.

  • @revaddict
    @revaddict Před rokem +1

    I work at the Eaton Center, in a Pension company, that also manages Pensions for Canadian colleges and is not the OTPP.. 😂

  • @jkfuykable
    @jkfuykable Před rokem +4

    For something like this but on steroids, anyone interested should look at the CDPQ from Québec. It’s very similar, but it includes all pension plans of all public employees as well as some government investments, and it also acts a bit more like a sovereign wealth fund. They’re also responsible for designing, funding, and partially building the REM in Montréal (a huge new metro line that nearly doubled the size of the Montréal metro).

  • @vedantgupta01
    @vedantgupta01 Před rokem

    I love how you spell "karanatka" it is spelled kar-anat-ka. With 'a' being mostly silent in "anat".

  • @thumbliner
    @thumbliner Před rokem

    What you marked as Toronto Eaton Centre is the old city hall.

  • @Stischt
    @Stischt Před rokem

    Like the system here in Switzerland

  • @DanielHowarth00
    @DanielHowarth00 Před rokem +3

    The OTPP also loves Sydney toll roads as well, dropping a few billion in to our most recent project...
    There's nothing in this country that the pension industry doesn't have a hand in

    • @piuthemagicman
      @piuthemagicman Před rokem +2

      well, canadian pention investment > any chinese investment

  • @morkovija
    @morkovija Před rokem

    Moonlight movie had amazing soundtrack. highly recommend

  • @abhishekm3752
    @abhishekm3752 Před rokem

    Yet the basic grocery is crazy expensive. They are selling tomatoes individually now for a dollar!

  • @babygates
    @babygates Před rokem +1

    3:04 correction. There is no question in the title that you cleverly enticed us into watching this video with.

  • @_koji
    @_koji Před rokem

    Thanks!

  • @tanzihang5413
    @tanzihang5413 Před rokem +1

    My friend just explained the Singaporian state pension system called CPF. Also its Singaporean not Singaporian

  • @maxwellallard7153
    @maxwellallard7153 Před rokem

    They also Bristol airport in the uk

  • @about7grams
    @about7grams Před rokem +7

    i'll take that challenge. get me permission by the building owner and the county legislature to dismantle and eat the Toronto Eaton Center and i will attempt it. i will Eaton the entire thing. your move HAI, your move.

    • @sblack53
      @sblack53 Před rokem

      The City of Toronto, and Cadillac Fairview, would never go for it.

  • @JeroenFallsUp
    @JeroenFallsUp Před rokem

    During the Jet Lag: The Game segment, the spoiler got bleeped in the video, but it's still there in the subtitles

  • @another505
    @another505 Před rokem +1

    Ontario teacher here!! Sadly, i wont able to get a pension since i dont think i can stay in this backbreaking field till i get retirement

  • @sharrpshooter1
    @sharrpshooter1 Před rokem +1

    That last line hits like a truck my god

  • @life.with.sabine
    @life.with.sabine Před rokem

    I got to know them when do I some research on airport ownership if they are a traded company. They are smart in investing in infrastructure without actually going for a quick profit.

  • @thebobagamer806
    @thebobagamer806 Před rokem

    when I saw the ben screwing up in jetlag bit, i immediately scrolled to the comments and lo and behold, video written by adam chase

  • @connormc711
    @connormc711 Před rokem +2

    Is this the same teachers pension that lost a ton of money in ftx

  • @yeahnahoinah6438
    @yeahnahoinah6438 Před rokem

    I live in Sydney and I never knew the desal plant was owned by Ontario Teachers. The more you know 🤷‍♂️

  • @NZ-fo8tp
    @NZ-fo8tp Před rokem +4

    Ontarian here, day to day teacher here arnt rich and public schools are seriously underfunded and under resourced, but most they have crazy good benefits, my sister is a teacher, in a few years her salary will max out at like 100k a year CAD, if she retires at like 55-60 she will get something like 70k CAD a year essentially until she dies. It means she can save very little for retirement and still be comfortable.

    • @jonathanandrew2909
      @jonathanandrew2909 Před rokem

      Yeah, those teachers really wielded the power of the state to set themselves up nicely.

  • @BatCaveOz
    @BatCaveOz Před rokem

    OTPP own a bunch of toll roads in Australia.

  • @ZontarDow
    @ZontarDow Před rokem +31

    The Canadian Model was created by the Quebec Pension Plan

    • @shawa666
      @shawa666 Před rokem +5

      Canadian banks in the 60' Sure, Mr. Lesage, we'll manage your employee's pensions fund. But We'll overcharge you because you're a pea soup. Parizeau: D'la marde on est capables de faire ça tout seul.