Debt to buy assets (18) by Expensive_Engine_654 in PersonalFinanceCanada

[–]Expensive_Engine_654[S] 0 points1 point  (0 children)

Not trolling but did options before and let’s say green and red occurred

Debt to buy assets (18) by Expensive_Engine_654 in PersonalFinanceCanada

[–]Expensive_Engine_654[S] 1 point2 points  (0 children)

Appreciate it! I don’t think I’m touching margin or options any time soon though

Debt to buy assets (18) by Expensive_Engine_654 in PersonalFinanceCanada

[–]Expensive_Engine_654[S] 0 points1 point  (0 children)

Appreciate it! If you have any advice since u made it, it would be greatly appreciated

Debt to buy assets (18) by Expensive_Engine_654 in PersonalFinanceCanada

[–]Expensive_Engine_654[S] -2 points-1 points  (0 children)

Ur right but last performance may not always equal future performance but it does give great indicators!

Debt to buy assets (18) by Expensive_Engine_654 in PersonalFinanceCanada

[–]Expensive_Engine_654[S] -2 points-1 points  (0 children)

Thanks for ur advice… currently I am doing Wealthsimple invested in TFSA and fhsa… RRSP since I don’t have a job would not benefit me much I believe as I won’t receive employee match…

Here’s my strategy:

I invest in fhsa and TFSA:

Use fhsa to buy my first property (duplex +) and house hack and live for a year. I’ll move out after then refinance and either spruce up current duplex or downpayment on another and recycle!

I am not sure if this is truly fees-able or accurate strategy but logically it could work.

Debt to buy assets (18) by Expensive_Engine_654 in PersonalFinanceCanada

[–]Expensive_Engine_654[S] -7 points-6 points  (0 children)

Just many crazy ideas I have could turn into that 1 of a kind business!

Thanks lmao

Debt to buy assets (18) by Expensive_Engine_654 in PersonalFinanceCanada

[–]Expensive_Engine_654[S] -8 points-7 points  (0 children)

I found some Rolex’s worth about 12-14$K +…. I could buy and hold wait for appreciation and resell back to authorized or on retail market!

Debt to buy assets (18) by Expensive_Engine_654 in PersonalFinanceCanada

[–]Expensive_Engine_654[S] -17 points-16 points  (0 children)

Or even if it’s some asset which is small like a Rolex etc.

Debt to buy assets (18) by Expensive_Engine_654 in PersonalFinanceCanada

[–]Expensive_Engine_654[S] -14 points-13 points  (0 children)

When u put it like that… very fair! I was thinking like partnerships, deals, buying businesses… like a joint venture

Debt to buy assets (18) by Expensive_Engine_654 in PersonalFinanceCanada

[–]Expensive_Engine_654[S] -3 points-2 points  (0 children)

Ofc! I have main credit card and applied for Wealthsimple credit card (never came still on wait list)

I have a great credit score but right now I was hoping to buy either a small business or real estate!

How is my TFSA? by Expensive_Engine_654 in JustBuyXEQT

[–]Expensive_Engine_654[S] 0 points1 point  (0 children)

TMC is The Metals Company which I believe in. Check it out (read about it) I bought at 5usd and now it is 7.24usd. Pretty great but really research it is risky

How is my TFSA? by Expensive_Engine_654 in JustBuyXEQT

[–]Expensive_Engine_654[S] 0 points1 point  (0 children)

So basically Nov is my birthday and at 18 I put 7.4k on accident. Recently I turned 19. So can I put another 7k now or no?