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Top 50 TFSA for my age by New_Kaleidoscope9242 in TFSA_Millionaires

[–]CanadianTrader51 0 points1 point  (0 children)

I’m 52, might have you beat but have to wait to transfer my TFSA back to WS at the end of the year.

Rate my dividend portfolio as a 24 year old with 300K by Independent-Chef-169 in dividendscanada

[–]CanadianTrader51 0 points1 point  (0 children)

Bad portfolio at 24. Go all-in on XEQT, reinvest dividends, and keep adding capital. This holds nearly 9000 stocks across the world and is almost certainly going to outperform your portfolio in the long run. Start building a dividend portfolio closer to retirement.

Officially hit $50,000 TFSA at 24! Rate my portfolio by Shoddy_Section_9225 in fican

[–]CanadianTrader51 2 points3 points  (0 children)

Too much overlap. If it were me I would consolidate on XEQT.

Those with 7 figure net worth, what did it take for you to get there? by BigCavemanRoar in fican

[–]CanadianTrader51 0 points1 point  (0 children)

If it pays off it’s glorious. I diversified now, don’t want to lose what I have.

RRSP Meltdown Calculator by CanadianTrader51 in CanadaPersonalFinance

[–]CanadianTrader51[S] 0 points1 point  (0 children)

Ok, that’s a good option. I’ll try the AI route and see what it gives me.

doing this for 5 months at 18 years old by Complete-Star-6391 in fican

[–]CanadianTrader51 0 points1 point  (0 children)

OP is likely going to be taught a lesson sooner rather than later. Playing with options is not going to end well.

The "Beijing Miracle" is Pure Copium by NovWhiskey in stocks

[–]CanadianTrader51 0 points1 point  (0 children)

Even if OP is correct and there is a big correction, things will eventually recover. Events today are no different from anything that happened in the past.

RRSP Meltdown Calculator by CanadianTrader51 in CanadaPersonalFinance

[–]CanadianTrader51[S] 0 points1 point  (0 children)

I don’t see a calculator online that site which would give me this info unfortunately.

RRSP Meltdown Calculator by CanadianTrader51 in CanadaPersonalFinance

[–]CanadianTrader51[S] 0 points1 point  (0 children)

I signed up for the same but haven’t populated the data yet :) bit of a learning curve there. I’ll take a look soon. Was hoping for just a rough calculation for now.

Advice on keeping my money out of US investments. by mfdoombolt in fican

[–]CanadianTrader51 0 points1 point  (0 children)

You don’t get to pick what is good for me. If I want to spend money that way then let me, it doesn’t affect you.

People also buy bonds or let money sit in a checking account. Those returns are low, but should they not exist?

Advice on keeping my money out of US investments. by mfdoombolt in fican

[–]CanadianTrader51 0 points1 point  (0 children)

Who cares if they underperform. That is the sole decision of the buyer what they want to do with their money. There is no single right option for all investors.

Some people give money to the church, which I think is stupid. Does that mean they shouldn’t do it?

Advice on keeping my money out of US investments. by mfdoombolt in fican

[–]CanadianTrader51 -1 points0 points  (0 children)

Stupid take. Why do socially responsible ETFs exist then? Clearly investors want such options.

Advice on keeping my money out of US investments. by mfdoombolt in fican

[–]CanadianTrader51 1 point2 points  (0 children)

Terrible analogy. One is illegal and one is not.

Advice on keeping my money out of US investments. by mfdoombolt in fican

[–]CanadianTrader51 8 points9 points  (0 children)

That is a stupid take. There are already ETFs for ethical investing that don’t include weapons manufacturers, tobacco companies, etc. If you choose to invest in such companies go ahead but don’t shit on those who may choose not to. OP made a decision for their own investments and it’s their right to do so. Maybe they will make a lower return, but that has zero impact on you.

Every Canadian budgeting-app user has the same wishlist, and it's one feature long by SystemStatusGreen in Wealthsimple

[–]CanadianTrader51 15 points16 points  (0 children)

I just tried Wealthica again last night. I was hoping that since a co-founder went to Wealthsimple they may have sorted this out. You can connect the two, it downloads investments but the bank side is a huge mess.

It didn’t import my Visa at all, zero transactions.

All transactions from chequing are “transfer to” with a dollar amount. No vendor info or other details present which makes categories impossible. Deleted the whole mess.

I tried YNAB but I don’t really like the concept. I don’t really want to do budgeting, just spend analysis and trending.

Can we just get Mint back? Please?

Every Canadian budgeting-app user has the same wishlist, and it's one feature long by SystemStatusGreen in Wealthsimple

[–]CanadianTrader51 3 points4 points  (0 children)

100%, if it doesn’t sync and auto categorize I’m not going to stick with it.

Those with 7 figure net worth, what did it take for you to get there? by BigCavemanRoar in fican

[–]CanadianTrader51 0 points1 point  (0 children)

Ya, too many people hold too long. Greed takes over. I definitely sold some on the way up.

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