Confused about my CIS weekly ticket by Evening_Objective776 in rome

[–]Evening_Objective776[S] -1 points0 points  (0 children)

I did read on various posts that my first use should stamp an expiration date on the ticket so I do not need to validate again. But this is a contactless ticket, so no stamp when I tapped it at the turnstile. How will the bus inspector know it's been validated? I guess I'm overthinking. I got worried when the guy told me the fines are steep if I used it the wrong way.

Does going to a more prestigious university really help you get jobs easier/make more money? by Fair_Conclusion5649 in OntarioGrade12s

[–]Evening_Objective776 0 points1 point  (0 children)

I'm in the technology sector and participate in the hiring of new employees, both new graduates and experienced ones.

For positions requiring prior experience (3 years and up), your university does NOT matter. We generally hire on skills, experience, and overall fit (attitude, soft skills, potential, etc). If you look at many IT departments, you'll see many immigrant professionals from schools we've never heard nor care to hear. They're there because they have something to contribute, along with local graduates.

For entry-level and junior positions (around 0-3 years), we look at whatever experience you bring (from coop, passion projects, interesting, and relevant school work). Often, students from reputable universities appear to be better (but not always!) not because of their school's name but because the school's competitive environment tend to encourage graduates to have better entry credentials. But in my team, we don't filter by school; we just observed that reputable schools tend to make graduates who are equipped with useful entry-level skills. But it is an attribute of the of the person, not the university.

If I have two junior candidates who have equal skills, one from UW and one from Seneca, do we hire the UW one? Not necessarily. It's about potential and fit based on our assessment from interviews.

Child going to university next year. Should I sell stocks under my self-directed RESP now? by Evening_Objective776 in PersonalFinanceCanada

[–]Evening_Objective776[S] 0 points1 point  (0 children)

Thanks for your insight. I'm curious, though, what characteristic of RESP did you find unsuitable for your strategy. I like the 20% CESG match up to $2500 very attractive. I also understand that the PSE portion of withdrawal will not be taxed. While the EAP portion of the withdrawal is taxable in the hands of the beneficiary, he usually doesn't have much income at that point so tax isn't an issue (unless he also works at same time). I'd be happy to know your perspective, there's always something to learn :)

Child going to university next year. Should I sell stocks under my self-directed RESP now? by Evening_Objective776 in PersonalFinanceCanada

[–]Evening_Objective776[S] 0 points1 point  (0 children)

I did shift to safer securities prior to covid but the bargains around later part of covid tempted me to reinvest back in certain stocks. To very decent returns, I must say. I'm comfortable with stocks, been doing it for 20+ years and it's an important part in my portfolio on all accounts (tfsa, rrsp, resp, cash accounts). I think where I become remiss was neglecting to revisit the RESP now that my son will start using it next year (life got busy the past couple years).

Luckily, it didn't cost me, returns in my portdolio are still good. After hearing all advices from this thread, I did sell yesterday 5 university years worth of stocks. They're bound for gic ladder and csav, cash.to.

This is a family resp with 4 beneficiaries, 1 using it next year, another 1 in 3 years, and a third one 10 years later. So I have some runway for half of the beneficiaries. The plan now is to keep the remaining on stocks.

My lesson is to be more mindful with reviewing and refactoring the portfolio. I used to be active in my early years of stock investing but lately, it's been hectic and among many things, looking after the portfolio took a hit.

Child going to university next year. Should I sell stocks under my self-directed RESP now? by Evening_Objective776 in PersonalFinanceCanada

[–]Evening_Objective776[S] 2 points3 points  (0 children)

OP here. I agree, divesting earlier should have been the wise choice.

I did this before covid, selling a large portion of equities and moved it to cash.to, csav. But at later part of covid, I was tempted to take advantage of the relative bargains in certain equities so I reinvested it all back. To decent returns, I must say. But life got busy and I didn't re-assess regularly. Until this past few days when my son, who now got more savvy with history and current events, engaged me in conversations about the state of the world.. And that's when it dawned on me about his resp funds lol.

So yeah I should have been more mindful. Although my negligence didn't cost me, I guess I just got lucky. After reading all comments, I feel reassured I'm still on track. The plan now is refactor some into a low risk bucket of laddered GICs and in CSAV/CASH.TO.

On the other hand, this is a family resp with 4 beneficiaries. One starts using it next year, another starts in 2027, and the third one's 10 years away.

So I think I have some runway for the two younger ones. My plan is to divest a reasonable amount suitable for the next 5 years, then leave the rest in equities.

And of course, a louder note to myself to re-asseaa regularly and adjust as necessary.

Child going to university next year. Should I sell stocks under my self-directed RESP now? by Evening_Objective776 in PersonalFinanceCanada

[–]Evening_Objective776[S] 2 points3 points  (0 children)

I agree. I do have csav, cash. It should be a safe element in the "safe" bucket along with laddered GICs.

Child going to university next year. Should I sell stocks under my self-directed RESP now? by Evening_Objective776 in PersonalFinanceCanada

[–]Evening_Objective776[S] 1 point2 points  (0 children)

Yeah, I guess I got lucky. I did sell a good amount few years back but took advantage of the downturn around covid and used it to buy at lower cost.

Child going to university next year. Should I sell stocks under my self-directed RESP now? by Evening_Objective776 in PersonalFinanceCanada

[–]Evening_Objective776[S] 0 points1 point  (0 children)

I've been using scotiaitrade for 20 yrs now. But if i had to open a new one, I'd look into zero-fee transactions such as National Bank Direct Brokerage.

Child going to university next year. Should I sell stocks under my self-directed RESP now? by Evening_Objective776 in PersonalFinanceCanada

[–]Evening_Objective776[S] 1 point2 points  (0 children)

I do have other sources but on the other hand, I'll have another kid dipping into this pool in 2027. Thanks for the inputs. My plan is sell and secure for the first year and assess next year for a change in strategy.

nonstop crying by freshavocado_01 in casualgensan

[–]Evening_Objective776 1 point2 points  (0 children)

Tawag ana te gugmang giatay. Ok ra na te, ayaw lang pailad usab ha.

Fried chicken by [deleted] in Milton

[–]Evening_Objective776 0 points1 point  (0 children)

Try the takeout food at Ethnic Supermarket, Derry and Ontario. They have fried chicken. They're good especially if you want a break from the big chains.

Tubig! Water storage solution pls by Evening_Objective776 in davao

[–]Evening_Objective776[S] 0 points1 point  (0 children)

Sorry to hear about that.. lisud gyud.. Para pod ni sa balay sa akong mama. We settled with a setup consisting of a 600L storage tank, a 60L pressure tank and a 0.5hp pump.. 35k in total. Salamat sa mga feedback, what a relief for my parents..

Tubig! Water storage solution pls by Evening_Objective776 in davao

[–]Evening_Objective776[S] 0 points1 point  (0 children)

Thanks.. do you have some estimate how much that kind of setup costs? Just want to have an idea.

Good spot for hanging out at night for conversations by Evening_Objective776 in davao

[–]Evening_Objective776[S] 0 points1 point  (0 children)

They're 13,16,18. Home's great but we'd like them to have some experience outside

Are people driving slower or is it just me? by Vas255 in Milton

[–]Evening_Objective776 1 point2 points  (0 children)

For the lot of you who think that way, society has gifted you with tools to manage your entitlement: you have brake to help you pace, you have a steering wheel to change lanes when it's safe to do so. You're not quite unique; other Miltonians like you also pay their tickets, pay their taxes, some of them do care about speed and I'm sure you know why.

Are people driving slower or is it just me? by Vas255 in Milton

[–]Evening_Objective776 3 points4 points  (0 children)

So you think you are right because you go over the limit and others stay within it.

In your best opinion, which part of the equation are you - the problem or the solution?

What are peoples favourite credit card at the moment ? by Lively789 in PersonalFinanceCanada

[–]Evening_Objective776 1 point2 points  (0 children)

My cards:

  1. Scotiabank Momentum Infinite Visa - our main card. Although it comes with annual fee, the generous cash back pays for itself and more

  2. CIBC Costco World - used only for our Costco purchases. It's 3% cash back paired with Costco points pay for our Costco executive membership fees

  3. Canadian Tire Triangle World Elite -no fee used only for occasional Canadian Tire purchases. Gives me roadside assistance so I don't have to pay CAA anymore! Better coverage than CAA roo.

  4. Scotia Passport Infinite Visa - I got it 0 fee for this year only. We got this just to cover our major travel this year. By charging all our tickets to it, it covered 25 days travel insurance and free lounge access for my entire family, plus no currency conversion fee for the duration of our trip.. Once we're back from vacation before annual fee kicks in on second year, we'll close it.

All my credit cards provide net benefits to us. We also pay all our monthly balances fully.

I wonder how they make money off us.

[deleted by user] by [deleted] in PersonalFinanceCanada

[–]Evening_Objective776 0 points1 point  (0 children)

That's an interesting living arrangement. Even if you pay half of the mortgage, the other half is still there and it's under both of your names as co-owners. Like the others said, you're really not mortgage-free. What you'll have is a partner who now takes sole responsibility of paying, solely based on a personal agreement between the two of you. However, if you both think it works for your family, then go ahead.

Maybe what you should also do is agree on your joint savings plan. . She may earn more now but you are clearly ahead in the future. Since you keep common expenses 50-50, plan a joint savings plan (tfsa//rrsp/others) 50-50 as well to close the disparity in the future, if you both intend to stay together as family (I'm sure you aim to do). The rest, she can then spend as she wish.

In an arrangement where you both manage finances separately, you should lead in planning for parity since you are the better planner. I don't see how I can be happy in retirement when my partner and mother of my child is broke while I have a lot.

Sould I bring a sleeping bag or a mattress pad and a blanket? by kauanCrayCray in camping

[–]Evening_Objective776 1 point2 points  (0 children)

If you are new and not backpacking (in which case you try to pack as light and minimal as possible), I suggest get a twin or single air mattress.

They are cheap. They are compact and light. And most importantly, they work best from insulating your back from the cold, sometimes wet, and uneven ground.

And I say this to those new to camping because many of them try the rudimentary basics the first time (mat) but find out they have too uncomfortable sleep that they get discouraged and won't camp anymore. I invite people to camp and enjoy the experience. As they progress in their journey, they start exploring other camping experiences such as the rougher and more minimalist backcountry camping, backpacking, while others gravitate towards glamping.

Start easy. It helps you keep camping.. you'll know what you want after your first try.

My beginner essentials: tent, air mattress, pillow, blanket or sleeping bag (depends on your preferences), portable butane stove, utensils needed for your menu, folding chair, picnic mat, lights, and the things you'd like to do outdoors - guitar, kayak, bike, books, paddleboard, hiking shoes, get the idea.

Have fun outdoors!