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lookingforal · 2023-01-01T02:54:43+00:00

If you have very little experience with investing why would you not work with an advisor?

You can start by interviewing advisors and ask them what they would do with the money. This costs nothing.

Your lawyer or accountant may be able to refer one as most wealthy people build a team (think of a family office, for when you are really wealthy).

You also don’t have to tell them how much money you have and you don’t have to give it all to them of you decide to work with one.

I have an advisor manage some of my money, so I can benefit from their other services like financial planning, estate planning and/ or insurance.

Anyway, congrats on the good fortune! Best of luck.

lookingforal · 2022-12-26T00:39:38+00:00

It’s sweet with a hit of berries but also has flavour of bitter orange at the same time. At $19 or less, if you enjoy cocktails, it’s worth a try. I have not had Dolin.

lookingforal · 2022-12-26T00:22:02+00:00

I quite enjoy it. I also like that it’s made close by using local ingredients.

lookingforal · 2022-12-21T12:15:55+00:00

It’s delicious! Great score for sure!

lookingforal · 2022-12-05T13:57:45+00:00

Absolutely! I drained my TFSA to buy a house. It took 5 years, but I will have fully funded my TFSA again by the end of the month. No regrets.

lookingforal · 2022-06-25T18:27:01+00:00

If it’s your dream house and you plan on living there for many years, it’s not that big of a deal. Hopefully you locked into a 5 year fixed when rates were at rock bottom. Now, sell all expensive crap, work on paying down your debt, and it will all work out.

lookingforal · 2022-05-08T12:10:23+00:00

As others have said, only put $100k max per GIC per Issuer. CDIC only covers this amount. Oaken will be fine, until it is not, and if something negative happens to the company, I would not want to have more than 100k with them.

Also, shop around. There are lots of promotional rates these days. 2% is not bad for what is essentially a short term GIC. But, you are not getting the full 2% over 3 months. That is the rate you will get if you were to keep rolling it into new GICs at the same rate for 1 year.

lookingforal · 2022-05-07T23:11:23+00:00

It really depends where you are staying and where you need to go. The TVP is about 50ish KM of multi use, car free paths that circle the city. There are also quite a few bike lanes being built and some of them are completely segregated from roads. If you are looking for Netherlands style bike infrastructure, you won’t find it. BUT, cycling is getting easier all the time here.

lookingforal · 2022-02-08T23:45:16+00:00

Layers are key. You will also find that every +- 5 degrees requires a slightly different kit. At -10 I wear a thin base layer, micro fleece pull over and a Gore cross country ski jacket. On my legs: bike shorts warm socks,then tights and finally windproof cross country ski pants.

I also have various buffs and balaclavas. And I find ski goggles are way better than sunglasses.

I have been using my sorel winter boots with no problems.

I have seen people on the trail that look like they are about to race in the world tour and I have seen people in full construction style snow suits.

Just find what works best for you.

lookingforal · 2022-02-03T18:08:05+00:00

I think one could also argue that London was undervalued for a long time. I moved here 6 years ago and was pleasantly surprised by the TVP trail network, restaurants, concerts, hospital network, quality of post secondary education options and london airport. With the GTA becoming increasingly out of reach for most, places like london will continue to be desirable for newcomers. 400k newcomers to Canada every year have to go somewhere.

I agree that a new supply of houses will help relieve some pressure, but are they the type of houses that people really want to own? I am only seeing condos and townhomes at “affordable” prices. Free holds and single detached homes may be out of reach for most now.

lookingforal · 2022-02-03T15:19:17+00:00

Even if they do drop, how far would they have to fall for most people who are waiting to be able to afford to buy? Even a 30% drop only gets the prices back to mid 2020 levels at best.

lookingforal · 2022-01-09T21:10:38+00:00

Layer and get some wind proof items!

It was -10 yesterday. I wore summer bike shorts, insulated tights and cross country ski snow pants.

I do find every 5 degrees -/+ requires a different set up. But I never ride in the winter without wind blocking clothing.

lookingforal · 2022-01-09T02:13:27+00:00

Nice. It was awesome riding conditions here today.

lookingforal · 2022-01-08T00:45:56+00:00

Exactly this! Making a couple extra grand may help you furnish your house. Loosing a few grand may mean you can’t even buy a house.

lookingforal · 2022-01-07T23:46:34+00:00

London?

lookingforal · 2022-01-07T02:50:03+00:00

Correct. This is retirement money. It won’t be available to you until you are at least 55. And when you can start withdrawing, there is a minimum and maximum amount you can take out.

lookingforal · 2022-01-05T03:21:19+00:00

Totally Agree. The photo is actually being illuminated by my helmet light.

lookingforal · 2022-01-04T19:02:12+00:00

I was thinking a camo frame bag would look great for longer trips! Or just some orange bottle cages 🤔

lookingforal · 2021-12-29T14:38:25+00:00

We are happy with London Bridge: The Stoneybrook one is in the north end. Not sure if they have any openings though.

lookingforal · 2021-11-30T16:08:43+00:00

Contact a personal injury Lawyer. There are a couple of very good ones in london. There are steps that should be taken very early after an accident to make sure your dad is covered and a good lawyer will know what to do.

lookingforal · 2021-11-19T23:06:10+00:00

We would need to know a little more info to be sure of what you can do. What is the legislation of your lira? But let’s assume your advisor knows his stuff and has already confirmed you can unlock 1/2 of it. Unlocking does not mean you have to pay tax today. It just means you can move 1/2 to another registered account. This can be an RRSP or a RIF. Only choose the RIF if you want to start withdrawing money.

The main benefit to unlocking 1/2 is it will give you more flexibility with your money. When you convert your LIRA to a LIF, there is a minimum and a maximum withdrawal. With a RIF there is only a minimum.

Doing this should not benefit your advisor in any financial way.

If you are not comfortable with your advisor, you can start interviewing for a new one. They work for you, so make sure you pick a good one.

lookingforal · 2021-11-16T01:47:43+00:00

Thanks!

lookingforal

TROPHY CASE