The ultimate irony/painful reality: $80K (or $250K or whatever the amount is now) could be handed to everyone demanding reparations tomorrow and within 1-2 years max we'd be right back where we started (and the recipients possibly even worse off).
This. Sorry to hear what happened but all the Cdn big bank platforms are garbage with CIBC in particular being among the worst. At best they can be used to true "buy and hold".
Hedge funds are a spectacular method of generating wealth - for the managers. I have zero issue with this at all - if someone would rather brag about being in an "exclusive" club than getting any kind of halfway decent return, who am I (or the gov't etc.) to stop them?
There are a great many things people "should" do, but don't. This falls into that category for many/most. Poor people eat at McDonalds constantly and also drop $5+ per day on coffees etc. from the drive-through.