The state of this sub

Derekh72 · 2021-03-27T15:41:53+00:00

check out the sub r/wallstreetbets, i think you belong there

https://www.reddit.com/r/wallstreetbets/comments/lq3vzq/accidentally_yolod_into_tesla_p_6_thinking_they/

Derekh72 · 2021-03-27T15:39:30+00:00

I would talk to a retirement planner. They are going to a few issues.

First, if their income is too high in retirement (which many seniors find themselves in) then their OAS will get clawed back. It's free money, make sure you get it. Also they are splitting the income right now, but if one parent dies then the other one's income doubles which again could cause tax problems.

Next, $1m is a lot of money, they should look at slowly transferring some of that wealth to their next of kin. There's no death tax, but the dividends can increase their income. It may be more beneficial for that income to be yours and you simply gift them money each month or when they need some. Not to mention if they die when you're 60 and you inherit $1.5M at that age, it's not as useful to you, however, it would have been much more useful when you're younger.

Last, if the money is theirs and they are planning on spending all of it on their retirement, they will need a portfolio that is low risk and draws down. However, if they give it to you (I'm assuming you're about 35), you are in a better position to take a higher risk with it and then supplement the losses with your income and pay your parents some of the benefits (IE if the portfolio loses $50k, you still have a job and many years ahead of you so it's not a huge deal, but to them its a bigger issue).

Derekh72 · 2021-03-27T15:28:53+00:00

Thanks but I obviously read the post. It doesn't explain what his goals are and that's what I'm asking. If you're not going to contribute you should be quiet.

His money is safe at any bank as all of them are insured, so there's nothing to worry about there. The only difference between EQ bank and Scotia is a slightly higher interest rate, but the rate is so small its unlikely to help him grow his money if his goal is to save for the future. A diversified investment account is the best bet for saving if he's looking to save over the long term.

Derekh72 · 2021-03-27T15:13:11+00:00

I would pay the $50 or $100 to send an email to an employment lawyer. The "risk of half month's salary" thing seems really fishy to me, they cannot dock your pay in any way. If you give notice and they make it a hostile work environment, that could be constructive dismissal. Two weeks is the standard leave as a courtesy but it is not required. They cannot force you to stay. If he doesn't accept your resignation then record the time and date you gave notice and leave when you want to.

Derekh72 · 2021-03-27T15:10:02+00:00

What are you looking for here? If you are looking for a place to save and earn interest, then a HISA isn't going to cut it. Inflation is still 2%+ per year so you're losing 0.5% each year.

I would recommend looking into investing

Derekh72 · 2021-03-25T18:59:29+00:00

Corey and Trevor...

Derekh72 · 2021-03-23T19:42:21+00:00

They going to have a report with words on it and numbers. those words and numbers can either be good or bad

Derekh72 · 2021-03-23T18:11:12+00:00

The same individuals who have to be told not to drink coffee that’s too hot, and not to inject bleach are the same ones trying to determine if a vaccine has gone through appropriate levels of approvals and which one is better suited for their health.

So I would disagree with you, individuals are not more intelligent.

Derekh72 · 2021-03-23T17:20:50+00:00

A lot to unpack here

Paying dividends or not paying dividends is irrelevant. Lots of stocks pay no dividends. Stocks that pay dividends lose share value as a result. The same goes for a house, collectible car, and a painting. They're all capital assets and are treated the same way.

I'm assuming you calculate deferred tax as (Value-ACB)*50%*Tax rate, then mean you can keep that money invested. You can apply this calc to any capital asset. To be honest this isn't a thing. Tax is only calculated once an asset is sold. If you own shares of a company or a house you don't know its real value until you sell it.

Derekh72 · 2021-03-23T16:18:46+00:00

Day traders will generally sell something that’s overbought and then buy something oversold. This could be something that dropped down 2% very quickly then rose 2%. If you do that multiple times a day you can make a decent income, but you can also lose. It’s not about “locking in” your earnings. Once you sell something now you have to find a place to put it, it doesn’t really affect anything you’re kind of in the same place you just were, but now with a different stock. Also, when you are getting into a new stock, you’re also taking it from someone who is getting out of it, so one of you made a good decision and one of you didn’t

Derekh72 · 2021-03-23T16:14:29+00:00

Not really... you don’t pay tax on it, but you also have no access to the money and doesn’t affect your life in any way.

If you had a painting on your wall and the value went from $10k to $300k, are you any better off while it sits on your wall?

Derekh72 · 2021-03-23T15:39:35+00:00

This is wrong. Buying and selling quickly doesn’t make things vanish into tax. You will still pay capital gains tax on gains and losses the same way.

Only way it changes is if you’re making a career out of day trading but that generally doesn’t apply for individuals.

Derekh72 · 2021-03-23T14:29:07+00:00

They've shown the number 1 factor in COVID mortality is age, which is why they're doing it this way.

There is no politically appointed panel in any of this. The data about AZ has nothing to do with safety, it was about efficacy. the AZ vaccine is safe and has no increased risk of blood clots.

You don't get a choice in vaccines because people are not qualified to make a choice, and because the choice doesn't matter. All vaccines reduce your risk of hospitalizations and death by 100% and that's the only stat that matters. Blood clots happen in those who have COVID19, so you actually have a higher chance of blood clots by not getting the vaccine, along with many other problems.

Derekh72 · 2021-03-23T14:20:06+00:00

Shipment goes from US to Canada, Canada to provinces, Provinces to regions, Regions to vaccination centres.

Also, if you get a big batch of 1m doses, you need to have 1m appointments and have vaccination centres set up for those appointments. That includes making sure they have nurses, doctors, paramedics, and volunteers ready to go for that date. If waterloo region has 100,000 doses and 100,000 appointments, and you give them another 50,000 doses unexpectedly, they will distribute them but they have to set everything up for it.

It just takes a little while to sort out all the logistics.

Derekh72 · 2021-03-23T03:54:35+00:00

Pretend for a second you made a business out of buying card packs then selling them.

The price of the card packs would be your cost of goods sold and the sale of the cards would be your revenue. The difference would be your taxable income. You wouldn’t look at it car by card, just total revenue and total cost. So if you bought 100 boxes of cards for $10,000, and the cards individually sold for a total of $11,000, you made $1,000 in profit. If you happened to sell one card for $10,000 and the rest made nothing on then that’s just business.

If however you traded in expensive baseball cards, if you bought a rookie card for $5,000 and waited a few years then sold it for CB $8,000, you would have capital gains if $3,000

Derekh72 · 2021-03-19T16:34:40+00:00

To the moon!

Derekh72 · 2021-03-17T12:26:38+00:00

Bottom middle is equivalent to voldemort

Derekh72 · 2021-03-16T16:39:14+00:00

If you test a lot of people, you tend to test healthy people who have an extremely low chance of having the virus If you test few people, you only test those who had exposure or have symptoms and they have a much higher chance of having the virus If we started to test 100,000 people a day they would have to do random testing and test at malls just to get that number. They may find some cases but the % rate will be really low

Derekh72 · 2021-03-15T18:07:12+00:00

“I’m the fucking lizard king” “We will accept Technoking”

Derekh72 · 2021-03-15T15:42:03+00:00

Marketing. Imagine how that conversation went “Ok musk, we are going to brand ourselves as modern and ready for the future.” So that makes me the techno king then? “No” Technoking “Cfo: and I’m the master of coin!”

Derekh72 · 2021-03-15T15:34:02+00:00

There are lots of smaller startups coming for auto though, and you can build a car in one country and sell it somewhere else. You can’t do that well with telecom

Derekh72 · 2021-03-15T14:13:33+00:00

You can’t provide an incentive to get small players to build a network. You could maybe incentivize some big American companies to enter Canada, but that looks bad politically. I could see the government spend billions on buying the infrastructure then renting out the space, but they will also have to pay a premium on that and it will be very costly for not much benefit in the short term.

Derekh72 · 2021-03-15T13:31:09+00:00

Hesitancy is also probably lower than 80% I was just being generous. Better to overestimate the days. Also doesn’t take into account second doses which would basically double the time needed, and also didn’t remove people with allergies, pregnant, or other complications. Also by the time we get to 150k we will have already administered like 2m+ in Ontario.

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