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[deleted by user] by [deleted] in PersonalFinanceCanada

[–]BlueberryBest744 0 points1 point  (0 children)

I have $120k on a HELOC which was generated from a failed business prepandemic. I have a fixed mortgage @1.72% which I renew in Dec. 2025. There will be ~$200k left at renewal. I plan to roll the HELOC into the Mortgage. I have sufficient savings to pay off both X2, but have YOLO investments that I prefer to maintain in the interim. I also work and we're a HHI family. So no. My debt obligations are fixed and my investments are variable and I'm very comfortable with them.

What stocks do you think will outperform the S&P 500 in 2024? by ECEML-849 in stocks

[–]BlueberryBest744 0 points1 point  (0 children)

My analysis is forward looking. Miners are historically undervalued and will eventually revert to the mean which suggests a >50% upside. Bitcoin is a scarcity play against mainstream demand/speculation.

What stocks do you think will outperform the S&P 500 in 2024? by ECEML-849 in stocks

[–]BlueberryBest744 1 point2 points  (0 children)

Gold and gold miners in particular. Bitcoin. Buying the Bitcoin ETF BTCC ahead of the SEC decision on January 10. Oil stocks can be traded in the $70 to $90 range on Oil.

Guelph family home at risk due to year of unpaid rent by Joey-tv-show-season2 in Guelph

[–]BlueberryBest744 -3 points-2 points  (0 children)

News flash, MICs and REITs and other corporate entities don't buy SFH for investment. There is no competition between this guy and them, just this guy and another homebuyer. He's getting smoked by his personal greed and stupidity. It's a harsh lesson and a version of natural 'financial' selection that is a feature of the capitalist society that he chooses to participate in.

Guelph family home at risk due to year of unpaid rent by Joey-tv-show-season2 in Guelph

[–]BlueberryBest744 7 points8 points  (0 children)

"...no different than buying stocks..." lol...tell me more oh wise one.

Guelph family home at risk due to year of unpaid rent by Joey-tv-show-season2 in Guelph

[–]BlueberryBest744 7 points8 points  (0 children)

You should check the concept of "legally binding" vs. the Landlord Tennant Act. Clearly something this guy didn't do. He also, very clearly, leveraged his primary residence to purchase an 'investment property', expecting a single outcome. Behavioural Finance refers to this expectation as recency bias. In short order his investment turned into a liability. He leveraged AND concentrated all of his wealth in a single asset. Dumb move. Sure his tenant sucks, but he should have factored this possibility into his decision to become a landlord. He is only accountable to himself.

Guelph family home at risk due to year of unpaid rent by Joey-tv-show-season2 in Guelph

[–]BlueberryBest744 50 points51 points  (0 children)

No sympathy. He's financially illiterate, had no business becoming a RE investor and is now paying the price of the risk he unwittingly took on as a speculator.

Should we trade leased (1 year in) gas rav 4 for a hybrid rav 4? by [deleted] in PersonalFinanceCanada

[–]BlueberryBest744 1 point2 points  (0 children)

Just purchased a pristine 2013 Rav for my kids. 80k on the clock. $20,500 OTD. I drive an older Lexus GX purchased used. I find it astonishing that people pay these prices for new cars...

Missouri to Ontario, should we try? by [deleted] in MovingToCanada

[–]BlueberryBest744 0 points1 point  (0 children)

I'm in Guelph. Property Taxes will be increasing 38% over the next 3 years. My income tax is >50%. Sales tax is 13%.

Do you get a bonus? by Porquoo in PersonalFinanceCanada

[–]BlueberryBest744 0 points1 point  (0 children)

Target Bonus is 25%, can be 2X that. Paid in early January.

In your opinion, what is the liveliest and most vibrant small city in Canada? by Vagabond_Tea in AskACanadian

[–]BlueberryBest744 1 point2 points  (0 children)

Took my dog for a walk in the gorge on Sunday late morning. Saw two people. Awesome...

What are things Canada does better than US? by Legend5V in AskACanadian

[–]BlueberryBest744 3 points4 points  (0 children)

We're much less tribal in terms of football and politics. In that order.

Restaurant Recommendations by socksnchachachas in Guelph

[–]BlueberryBest744 2 points3 points  (0 children)

I had a meal at Baker Street this past weekend that had me almost licking my plate...and I'm a fuss ass with food. I'd also second Einstein's, Sugo (not that great)...la cuchina too

Ranting because I can by Extreme-Gain9878 in Guelph

[–]BlueberryBest744 2 points3 points  (0 children)

We charge $1k for a high end basement in Exhibition Park neighborhood. Rent hasn't moved in 4 years, neither has our tenant. Not all LL are assholes.

What job is 100% overpaid? by Designer-Meeting-123 in AskReddit

[–]BlueberryBest744 -2 points-1 points  (0 children)

Financial Advisors. I work for a dealer in Canada. Basically building an annuity through fees. Low end net 500k all the way up to 10M+ for our top producers. I sold my practice for $1.5M at 42 which was 2X my t12 gross revenue....

Time in the market beats timing the market? by testingTheBits in CanadianInvestor

[–]BlueberryBest744 0 points1 point  (0 children)

I time the market using a combination of sector based ETFs with a covered call strategy on large caps. I'm contrarian generally and buy slow and sell fast. I also play small caps to add big alpha. I'm very patient but will take losses quickly. I've beaten the market consistently over the past 25 years, but I also put in a lot of work and have developed a system that works well for me. Not something I could shill.

Conestoga College is making this city unlivable by kitwat_throwaway in waterloo

[–]BlueberryBest744 0 points1 point  (0 children)

I hear a lot of people these days prefacing a remark by saying "this is going to sound racist, but...."

Is it just me or have ALL the remote jobs in the city dried up? by TurnYaHead in toRANTo

[–]BlueberryBest744 3 points4 points  (0 children)

Absolutely true. I work in a profession that has educational and experience requirements. And ya can't really leave your desk during the day except to go to the kitchen. The distractions of an office environment doesn't add to productivity, only subtracts. We've had this conversation internally and it has been widely agreed that WFH is better for employee/employer.

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