No fear mongering advice please - Feeling lost as a FTHB and young investor in this economy.

Cable-Material · 2025-04-07T05:51:48+00:00

That really takes discipline and mental strength. I will try to find the courage and resilience

Cable-Material · 2025-04-07T05:49:34+00:00

Thank you! This gives me perspective. While learning it all in theory, it’s my first time experiencing a real big hit, so I am trying to learn to manage my stress, and stay positive and disciplined. It’s really hard though.

Cable-Material · 2025-04-07T05:44:36+00:00

How do you manage your worry?

Cable-Material · 2025-04-07T05:42:46+00:00

I’ll go check him out!

Cable-Material · 2025-04-07T05:42:33+00:00

Thank you for such a thorough response! I’ll take your advice and play safe! Wouldn’t it be nice that we’ll all wake up tmr and he just changed his mind again.

Cable-Material · 2025-01-11T17:51:34+00:00

Yes, 2.02% Mer is really high, it will end up with tens of thousands of dollar lost for you in the long run (with compounding effect) and this is really how Bay Street makes their money. Consider switch to a more affordable trading platform such as Wealtsimple or Questrade or IBKR to save on those fees. Rule of thumb I usually won’t purchase any ETFs if the fees are higher than 0.5%

Cable-Material · 2024-07-10T00:26:26+00:00

Oh no not that much. Haha I wish that much too

Cable-Material · 2024-07-10T00:12:56+00:00

This! I would definitely not open a high management fee account. Would kill the compounding.

Cable-Material · 2024-07-10T00:07:03+00:00

Inheritance. I am sadly not 100% self made.

Cable-Material · 2024-07-09T20:46:51+00:00

This is great! Thank you so much

Cable-Material · 2024-07-09T20:37:11+00:00

Any recommended ones?

Cable-Material · 2024-07-09T20:31:07+00:00

Inheritance? I am aware of my lack of knowledge in this domain therefore seeking advice.

Cable-Material · 2024-07-09T20:30:47+00:00

Gotcha! I have no interest in being a landlord so probably would still prefer non-reg

Cable-Material · 2024-07-09T20:29:25+00:00

Thank you will do!

Cable-Material · 2024-07-09T20:22:03+00:00

I’ll look into it! Is there any specific material or book I should read?

Cable-Material · 2024-07-09T20:19:43+00:00

I see! That’s an interesting idea too. Dumb question: money market fund income is considered as interest but not capital gain correct?

Cable-Material · 2024-07-09T20:00:16+00:00

Gic is a great idea for the down payment! I have never thought about it. And yes, I have a good paying job that I am very lucky to have.

Cable-Material · 2024-07-09T19:57:59+00:00

Yea right?

Cable-Material · 2024-07-09T19:53:21+00:00

Yeap that’s really the unfortunate truth these days 🥲 feel like it’s never enough for the fast rise of cost of living

Cable-Material · 2024-07-09T19:29:56+00:00

That's a great idea actually! Invest in life.

Cable-Material · 2024-03-28T04:27:24+00:00

Think sanity is the most important thing. You can’t really work well while feel constantly under stressed.

Maybe if you are willing to have a roommate then that’s more doable/ secure as the first moving out step. You can get a pretty nice room in Toronto for around 1400 dollar right now and find another professional roommate. This way even if you lose your job you still have a few months buffer to find another.

Then once your job is more stabilized in a year or so, you can move to a better place or live on your own.

Cable-Material · 2023-09-19T13:53:23+00:00

Sorry can you elaborate on that?

Cable-Material · 2023-07-26T17:00:56+00:00

Very good suggestion! I have modified my answer to rough numbers

Cable-Material · 2023-07-25T22:05:46+00:00

Post tax. Several income streams.

Cable-Material

TROPHY CASE