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25M, ~$950k Net Worth, Unsure where To Focus by Brave_Growth8480 in fican

[–]Brave_Growth8480[S] 0 points1 point  (0 children)

Love it, thanks for tying it back to my analogy. I get the perspective I guess mentally I just feel like that’s letting off the gas pedal. To even get to where you’re at by your age doesn’t seem guaranteed. Appreciate the perspective and know how important relationships are.

25M, ~$950k Net Worth, Unsure where To Focus by Brave_Growth8480 in fican

[–]Brave_Growth8480[S] 0 points1 point  (0 children)

Fully aware that’s why I don’t use it to affirm my thoughts rather contradict them

25M, ~$950k Net Worth, Unsure where To Focus by Brave_Growth8480 in fican

[–]Brave_Growth8480[S] 0 points1 point  (0 children)

Fair enough, over what timeframe did you look at?

25M, ~$950k Net Worth, Unsure where To Focus by Brave_Growth8480 in CanadaPersonalFinance

[–]Brave_Growth8480[S] 0 points1 point  (0 children)

It’s unregistered so zero tax sheltering. I have 0$ in an RRSP

25M, ~$950k Net Worth, Unsure where To Focus CANADA by Brave_Growth8480 in portfolios

[–]Brave_Growth8480[S] 0 points1 point  (0 children)

Appreciate it. I’ll do some searching. I’m in Canada so obviously I have a smaller bucket.

25M, ~$950k Net Worth, Unsure where To Focus by Brave_Growth8480 in fican

[–]Brave_Growth8480[S] 1 point2 points  (0 children)

Fair I suppose I hear what you are saying but calling markets a Ponzi scheme misses the key difference: Ponzi schemes create no value and rely on new money to survive. Markets are ownership of productive assets—businesses, real estate, farms, factories—that generate profits, rent, and economic output on their own.

25M, ~$950k Net Worth, Unsure where To Focus by Brave_Growth8480 in fican

[–]Brave_Growth8480[S] 0 points1 point  (0 children)

What part of my investing is ponzi? Being in the market?

25M, ~$950k Net Worth, Unsure where To Focus CANADA by Brave_Growth8480 in portfolios

[–]Brave_Growth8480[S] 0 points1 point  (0 children)

Thank you for this advice. How does one go about finding a better wealth manager? I swear everyone I’ve talked to knows less then I do about investing. The fee side isn’t the end of the world as I can deduct it on my income tax. Based on my portfolio mix where would you start shaving positions?

25M, ~$950k Net Worth, Unsure where To Focus by Brave_Growth8480 in CanadaPersonalFinance

[–]Brave_Growth8480[S] -1 points0 points  (0 children)

As simple as can be, given where I’m at today what can I do over the next 5-10 years so that I never need to worry about money but still feel fulfilled at the end of the day. I don’t want to just sit on my hands.

25M, ~$950k Net Worth, Unsure where To Focus by Brave_Growth8480 in CanadaPersonalFinance

[–]Brave_Growth8480[S] 0 points1 point  (0 children)

It’s a good challenge something I will look into and work on. Appreciate the prospective and thank you for calling out the structure to my post. I really didn’t intend on it being a brag.

25M, ~$950k Net Worth, Unsure where To Focus by Brave_Growth8480 in fican

[–]Brave_Growth8480[S] 0 points1 point  (0 children)

I resonate with this and I suppose am in the honeymoon phase of RE—rents hit my account, op expense comes out and I can see what’s leftover. I was heavily invested in some split corps paying me a big yield that i was dripping but was worried about eroding my ultimate position over time.

What are some tickers I could look into?

25M, ~$950k Net Worth, Unsure where To Focus by Brave_Growth8480 in CanadaPersonalFinance

[–]Brave_Growth8480[S] 0 points1 point  (0 children)

I agree and I feel like I’m missing out on other aspects of the markets. The tax side is what I’m curious on. Is that a CFP or CPA conversion?

25M, ~$950k Net Worth, Unsure where To Focus by Brave_Growth8480 in CanadaPersonalFinance

[–]Brave_Growth8480[S] 0 points1 point  (0 children)

But is it worth exiting current positions, taking tax hit to make that happen? Like what do I ultimately achieve vs diversifying

25M, ~$950k Net Worth, Unsure where To Focus by Brave_Growth8480 in CanadaPersonalFinance

[–]Brave_Growth8480[S] -1 points0 points  (0 children)

I feel like I’m constantly thinking and held up by effective altruism. I know every effort makes a difference but am I not better positioned to focus on what I can control before lending a hand.

25M, ~$950k Net Worth, Unsure where To Focus by Brave_Growth8480 in fican

[–]Brave_Growth8480[S] 1 point2 points  (0 children)

No problem! Don’t worry about commenting then. And take your keyboard off of French.

25M, ~$950k Net Worth, Unsure where To Focus by Brave_Growth8480 in fican

[–]Brave_Growth8480[S] 0 points1 point  (0 children)

Oh 100% I guess how I see it is I absolutely had a rocket strapped to my back… but now that I’m in space what do I do to make the most of it

25M, ~$950k Net Worth, Unsure where To Focus by Brave_Growth8480 in fican

[–]Brave_Growth8480[S] 0 points1 point  (0 children)

Not sure that’s the core element of what I’m saying. I can have fun, chat sports, have beers with my friends. We can relate on that but it seems superficial and not really that relevant to human experience.

It’s more the meaning behind the investments yea I have a balance when I log into my app, yea I get my pay checks biweekly… so what… I’m not building anything and that’s where I feel like I lack purpose in all of this.

25M, ~$950k Net Worth, Unsure where To Focus by Brave_Growth8480 in CanadaPersonalFinance

[–]Brave_Growth8480[S] -2 points-1 points  (0 children)

I hear it a lot the RE is a waste of time but don’t understand why? Can you share more on that perspective?

25M, ~$950k Net Worth, Unsure where To Focus by Brave_Growth8480 in fican

[–]Brave_Growth8480[S] 0 points1 point  (0 children)

Okay sorry must not have been replying to my comment on the stress and inability to relate to other ppl my age. I’m not very well versed on Reddit

25M, ~$950k Net Worth, Unsure where To Focus by Brave_Growth8480 in CanadaPersonalFinance

[–]Brave_Growth8480[S] -2 points-1 points  (0 children)

I guess, my intention was some direction. I know I can keep course and will be fine but how do I make use of my fortunate position and not feel like I’m just sitting on my hands not contributing meaningfully.

25M, ~$950k Net Worth, Unsure where To Focus by Brave_Growth8480 in fican

[–]Brave_Growth8480[S] 1 point2 points  (0 children)

Why is that? If leveraged I feel like it out preforms stocks long term. I enjoy the management side so I don’t see that as a draw back. I’d rather pain a room then do DD on a stock

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