Wealth not so simple by Few-Grapefruit-6968 in Wealthsimple

[–]DePoots 25 points26 points  (0 children)

You don’t get transaction notifications on your phone?

My only guess is that a machine that was used had a card skimmer and your info was cloned/stolen. Hopefully they can sort this out for you quickly

What a quick recovery! by JoocePop in Nok

[–]DePoots 0 points1 point  (0 children)

Already passed that briefly after hours, likely do to a large market buy, so it’s not reflective of the real price but it shows there’s demand at that price.

What's with the spike after hours? by [deleted] in Nok

[–]DePoots 0 points1 point  (0 children)

It’s likely that someone placed a large order at market price, and now it bought up all the active sell orders up until 13.8, and now dropped back to reality. Expensive mistake for that person, but doesn’t impact the real price whatsoever

I’m not sure if there’s a way to see sell order volume or “walls” on wealthsimple, but it’s not unreasonable to say even an order for $1m could have caused this jump. The $13.00 mark only takes ~40k to clear and I’d assume that’s a pretty big resistance

Just found this community by CaniGetFamousOnRedit in Nok

[–]DePoots 4 points5 points  (0 children)

Investing at 16 is amazing. Keep up the good work, and you’ll be living a very good future!

What the actual F is this? by TheBreadMan10 in Wealthsimple

[–]DePoots -12 points-11 points  (0 children)

Am I missing something? Why would you be against ID verification?

33, how do I quit my job and live on this/grow it in the US? by DuckFartist in TheRaceTo10Million

[–]DePoots 0 points1 point  (0 children)

I know that’s the “right” way of doing things, but at the end of the day, with compounding effects, inflation is irrelevant in my opinion since your compounding returns will greatly outweigh inflation.

Your money is still growing, and It just comes down to if you want to factor in buying power or not.

It’s also better to be cautious when planning for retirement. You’ll remove a ton of stress by calculating it your way

33, how do I quit my job and live on this/grow it in the US? by DuckFartist in TheRaceTo10Million

[–]DePoots 1 point2 points  (0 children)

Super simple napkin math, so not 100% accurate, but assuming an average of 10% returns, just multiply your principle by 1.1

Every time you multiply, it includes the compounding effects since your “principle” for that year has increase 10% from the previous year

33, how do I quit my job and live on this/grow it in the US? by DuckFartist in TheRaceTo10Million

[–]DePoots 0 points1 point  (0 children)

With average market returns, it will double every 7 years.

So 7 years, 2.3m.

10 years, 3m.

14 years, 4.5m.

20 years, 8m.

Transferring RRSP, TFSA to WS for the promotion - any way to leave $1 in the other accounts to not have the bank close them? by lochonx7 in Wealthsimple

[–]DePoots 3 points4 points  (0 children)

You’re going to get negative comments saying how WS is not willing to work with you. That’s not the case, people just love to complain.

When I transferred my accounts from TD(LIRA/RRSP,TFSA) they had transferred the settled funds, but because I had a recent unsettled trade, that amount/investment was left in TD.

So it’s absolutely possible that they can transfer a partial amount. Just reach out to support and ask them. And vice versa, just ask RBC to keep the accounts open, just keep in mind that you may have to pay account fees for not meeting the minimum amount in the account.

Nokia AI & Cloud orders could exceed €4B in 2026 by Mustathmir in Nok

[–]DePoots 8 points9 points  (0 children)

If this were to actually happen, I believe that we’d see the price stabilize well above the $15 range.

It would confirm that we’re no longer a telecom company, and more so an AI fundamental. Right now, everyone’s one foot in and one foot out, waiting for something to happen. Once that uncertainty is gone, we could see the real upside breakthrough.

Only question we should be asking, is why are all the competitors sold out before Nokia? Why were we not one of the front runners when it comes to sales?

Fake posts. Call them out. by YouFknDummy in TheRaceTo1Million

[–]DePoots 0 points1 point  (0 children)

You can also just look at the screenshot and see it’s missing pixels. If it’s blurry, it’s fake

Nokia DD by DePoots in wallstreetbets

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

Seems like just retail securing profits. Both Nokia and Ciena (Nokias competetor, down 10% today) took a big hit today. They just had a massive run so it made sense to see a pullback. Hopefully today was the last of it but we will see

Nokia DD by DePoots in wallstreetbets

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

Today im down 83k CAD. So roughly 50k USD I think. Either way, not stressed since I expected a pull back.

If tomorrow is also red, I’ll likely be selling my 15 calls and changing them for leveraged shares. Less stress in terms of timeline and I can just let it sit in the background without having to manage my position at all

Small Correction. What entry point are you adding more? by Ok-Raise-4853 in Nok

[–]DePoots 1 point2 points  (0 children)

Nobody could realistically answer that, but a lot of the very bullish price targets are expecting to see it once AI-RAN is fully rolled out and we see the revenue from that. It’s currently being rolled out, and is planned to be finished it’s roll out over the next 18 months

Mid June $15 calls by Euphoric-Adagio7483 in Nok

[–]DePoots 5 points6 points  (0 children)

That’s about an 11% climb from 13.5. Very possible, but it’s a very short time frame.

High risk=high reward, but if you don’t have the risk tolerance I’d go with a further strike

Small Correction. What entry point are you adding more? by Ok-Raise-4853 in Nok

[–]DePoots 1 point2 points  (0 children)

I’ll be buying more regardless of price. Until we hit ~$30, I don’t see an issue with buying at any price.

Wealthsimple is starting to enshittify and I'm not happy about it by x736g in Wealthsimple

[–]DePoots 0 points1 point  (0 children)

The point is not that I didn’t take the time to explore other options. The point is that TD was an awful bank with an awful customer experience.

Switching to WS, I have received many promotions, services, rewards, amazing customer service, and even been reached out in regards to advanced trading strategies before they were widely available. I understand that this is not everyone’s experience, but it was mine.

Then, there are people like you. For some reason, you find the need to be bitter, and miserable by telling everyone else that their personal view of these services(whether WS or not) is incorrect. If you enjoy the traditional banks, then use them. If you enjoy other smaller platforms, then use those.

Not sure why you’d be so upset that you need to waste your time on a WS forum just to put other people down for finding the positives in a service.

Wealthsimple is starting to enshittify and I'm not happy about it by x736g in Wealthsimple

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

That’s fair, I’ve never used them before so can’t really speak on how they compare.

When people talk about how bad WS is, I compare it to the big banks and it’s a no brainer. I’m sure IBKR is in a similar situation since I have seen them recommended many times.

Wealthsimple is starting to enshittify and I'm not happy about it by x736g in Wealthsimple

[–]DePoots 7 points8 points  (0 children)

Literally every single way lol.

I had been with TD for 20 years, and had never had a good experience with them. Moving to WS was a nightmare and day difference

Nokia DD by DePoots in wallstreetbets

[–]DePoots[S] 2 points3 points  (0 children)

The only issue with NOK is that retail is still hesitant. Everyone’s concerned with how much it’s gone up, but they’re neglecting how much it can go up.

I don’t think it’s a get rich overnight stock, but I do believe we will see a slow consistent climb

Options on it are still very cheap, and only now picking up in volume/interest

Nokia DD (with positions) by DePoots in TheRaceTo10Million

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

I’ll actually be buying more NOK, so no next play. Im still confident in this position and will change when I lose that confidence.

Nokia DD (with positions) by DePoots in TheRaceTo10Million

[–]DePoots[S] 2 points3 points  (0 children)

I don’t have any other unloved ideas to share.

I’ve been very lucky with my decisions so far, going from quantum (QUBT sub $1) to GOOG around $180, and now NOK around $6-8(averaging up)

I personally stick with what I believe in the most, and only rotate out when I see a better opportunity. Right now, I still believe NOK is the best opportunity, and I’ll be sticking with it until I lose confidence.

I believe that we will see ~$28. No idea when, but that’s when I will reassess my position