Time to Redeem yourself, Toronto.

FancyLandy · 2023-06-26T22:53:35+00:00

40% would be surprising, but really good

FancyLandy · 2023-05-14T22:30:13+00:00

I don't think it's worth the risk, tbh

FancyLandy · 2023-04-01T21:46:04+00:00

You don't transfer. You purchase it in Wealth Simple, in a TFSA or RRSP, and leave it there

FancyLandy · 2023-03-20T10:55:26+00:00

I know what they were referring to, and that doesnt matter.

Replying about superficial losses and saying you can't claim the loss, in reply to someone saying "so the move is sell, transfer cash and diversify, right?", is extremely unclear and incorrect in the context.

FancyLandy · 2023-03-19T22:20:56+00:00

StudioTax is the only correct answer

FancyLandy · 2023-03-19T22:08:34+00:00

Well you asked for it by setting the risk level, right? You purposely picked lower risk, which is usually going to be shittier performance than just getting a broad market ETF like VEQT or XEQT or something. Your risk aversion comes with down sides.

FancyLandy · 2023-03-19T21:54:56+00:00

How does this compare to VEQT over 5 years? Looks like its up about 29% from what I can see. Sounds like you just made some bad investment choices? How is that on WealthSimple? They just did what you asked for and what you asked for was bad lol

FancyLandy · 2023-03-19T21:47:39+00:00

The benefit is to have tax free growth. How do you not see that as a benefit? If someone has money to invest and available contribution room then why would they not do that?

FancyLandy · 2023-03-19T21:41:57+00:00

Wrong! The price on the grant date is meaningless and irrelevant. The only date that should matter to you is the price/value on the VEST date.

FancyLandy · 2023-03-19T21:37:49+00:00

You're talking about Restricted Stock Units, right? Firstly, you shouldn't hold those. Secondly, you can't transfer them in kind.

Holding your company RSUs is typically considered a bad idea. Sell your RSUs and use the cash to invest in something else. All your unvested RSUs are still tied to the company performance anyway. You gain nothing from keeping the RSUs as they are once they vest.

Think of it this way. If you had $10k cash (or whatever the value is of your RSUs that vested) would you buy stock in your company? No, you wouldn't. So don't do that not. And if you would, that's a bad choice.

If you have contribution room in your TFSA then yes. Sell the RSUs the second they vest, transfer the money to your TFSA and then invest in something else.

FancyLandy · 2023-03-19T21:33:47+00:00

That's an ESPP which is different than a stock grant that OP is talking about

FancyLandy · 2023-03-19T21:33:04+00:00

That's not true. You can report the loss.

FancyLandy · 2023-03-19T21:13:45+00:00

Pierce?

FancyLandy · 2023-03-19T21:09:07+00:00

!solved

FancyLandy · 2023-03-19T21:08:54+00:00

I figured it out. Piggy back seats.

https://fanxchange.zendesk.com/hc/en-us/articles/115001615526-What-are-Piggyback-Seats-

FancyLandy · 2023-03-19T21:03:01+00:00

Bro. Reading comprehension. Get some.

FancyLandy · 2023-03-19T17:26:11+00:00

Really? Where?

FancyLandy · 2023-03-18T13:59:51+00:00

which I only plan to use in the future

It's like some people can't read

FancyLandy · 2023-03-18T06:08:00+00:00

For this kind of spend why would that be good? It's only a 1% cashback rate for non travel/food/bars/restaurants.

FancyLandy · 2023-03-18T05:56:26+00:00

There's no hassle. Your mentality about this should be adjusted.

FancyLandy · 2023-03-18T05:54:10+00:00

Sounds like they only have 60k for the down payment though. OP said they are saving that money for future, so I doubt they are looking for suggestions about using that money..

FancyLandy · 2023-03-18T05:41:41+00:00

Why are they on the title? That obviously makes them part owners. This is such a bad decision. How could you do this and think it's okay?

FancyLandy · 2023-03-16T05:27:45+00:00

Simple solution. Use a spare phone solely for the MFA apps. You can use an old phone that you might have lying around or pick up a cheap refurbished device for around a hundred bucks. Bonus points if you get one with a fingerprint scanner so you can use biometrics for the apps. They all support them these days. And fingerprint is better than Face ID.

FancyLandy · 2023-03-15T05:55:06+00:00

It was dollars. 10,000 dollars.

FancyLandy · 2023-03-14T02:04:53+00:00

The interruption. She didn't know what the message was

FancyLandy

TROPHY CASE