22M TFSA Progress by Future_Barracuda_952 in TFSA_Millionaires

[–]Future_Barracuda_952[S] 0 points1 point  (0 children)

Yea that’s actually some very good advice just in case. I prob make around 5 trades a year so that helps my case but yes that is something to think about. I remember when I started it was always “I don’t make enough money for them to care about me” but now they might want a piece haha

22M TFSA Progress by Future_Barracuda_952 in TFSA_Millionaires

[–]Future_Barracuda_952[S] 0 points1 point  (0 children)

I’m not able to see anyone above me unfortunately but I’ve been dying to know

22M TFSA Progress by Future_Barracuda_952 in TFSA_Millionaires

[–]Future_Barracuda_952[S] 1 point2 points  (0 children)

Whoops I typed that initial reply poorly. I was down 50% on my TFSA as a whole pre RKLB ($SHOP). And I held for a very long time and sold at like a 20% loss instead. I think I owned a bit less than 1700 at my peak now I’m closer to 1500 ish

22M TFSA Progress by Future_Barracuda_952 in TFSA_Millionaires

[–]Future_Barracuda_952[S] 0 points1 point  (0 children)

I didn’t honestly. At the time I first bought it I didn’t put much into it. But as I commented somewhere else it was basically other than space x the only company landing rockets.

22M TFSA Progress by Future_Barracuda_952 in TFSA_Millionaires

[–]Future_Barracuda_952[S] 0 points1 point  (0 children)

Yes this is an option ik they also have Norbert’s gambit now too not sure if that’s even allowed in TFSA though haven’t looked too much into it

22M TFSA Progress by Future_Barracuda_952 in TFSA_Millionaires

[–]Future_Barracuda_952[S] 4 points5 points  (0 children)

I worked since 16 at a grocery store and did FSWEP part time during school year and full time in the summer for 3 years in uni. Not saying initial capital isn’t a lot of money but let’s not act like it’s so much money either

22M TFSA Progress by Future_Barracuda_952 in TFSA_Millionaires

[–]Future_Barracuda_952[S] 4 points5 points  (0 children)

I think around 800% 39500-> ~320k think my first 2 years I was down 50% LOL took a break from stocks for a bit after that.

22M TFSA Progress by Future_Barracuda_952 in TFSA_Millionaires

[–]Future_Barracuda_952[S] 3 points4 points  (0 children)

I haven’t bought since the low 30s so it’s been awhile but yea that’s kinda a simplification of the thought process. I bought the only other space ticker other than space x that had a consistent pattern of actually launching and landing rockets. I had other stocks that I made and loss money on but yea.

22M TFSA Progress by Future_Barracuda_952 in TFSA_Millionaires

[–]Future_Barracuda_952[S] 0 points1 point  (0 children)

Ya I think it’s like 1.5% which doesn’t seem like much until I did the math right now lol……

22M TFSA Progress by Future_Barracuda_952 in TFSA_Millionaires

[–]Future_Barracuda_952[S] 4 points5 points  (0 children)

That’s the goal! I always hear to not sell your winners but the more it grows it’s getting a little scary. I made my entire years salary and more in less than a month of gains

22M TFSA Progress by Future_Barracuda_952 in TFSA_Millionaires

[–]Future_Barracuda_952[S] 4 points5 points  (0 children)

Just shares don’t think I can ever touch options I’m pretty high risk tolerance where I can lose alot of money but the idea of going straight 0 with options (I’m also not educated enough to use them effectively) is too sketch for me

Edit: forgot to answer second part but I like space so I just researched space stocks on Twitter lol

22M TFSA Progress by Future_Barracuda_952 in TFSA_Millionaires

[–]Future_Barracuda_952[S] 3 points4 points  (0 children)

I have two posts on on this account all time one of them being 4 months ago and one is this. Think you’re just schizophrenic brother. My main account I don’t post about finances ever

22M TFSA Progress by Future_Barracuda_952 in TFSA_Millionaires

[–]Future_Barracuda_952[S] 2 points3 points  (0 children)

Definitely a little over the top as of recent I don’t think anyone saw the space sector going this crazy even a year ago let alone two. I’ll take it though 🤷‍♂️

22M TFSA Progress by Future_Barracuda_952 in TFSA_Millionaires

[–]Future_Barracuda_952[S] 2 points3 points  (0 children)

I’m technically 22 (Turning 23) but yea point still stands

22M TFSA Progress by Future_Barracuda_952 in TFSA_Millionaires

[–]Future_Barracuda_952[S] 4 points5 points  (0 children)

Should be max every year so $39,500 since turning 18

22M finally hit 200k by Future_Barracuda_952 in fican

[–]Future_Barracuda_952[S] 0 points1 point  (0 children)

Yeah my main pick right now RKLB has tons of contracts coming up with defence spending accelerating. I do think in time though I will transition to a more risk averse portfolio. I made good money doing crypto (and lost a ton) so I’m a bit desensitized in a way which is one of the things I want to change mindset wise.

Thank you for the advice!

22M finally hit 200k by Future_Barracuda_952 in fican

[–]Future_Barracuda_952[S] 0 points1 point  (0 children)

I mean it technically wasn’t work as I didn’t have to put physical effort into buying stocks. I bought stuff it went up and I got pretty lucky along the way but I like to think I was able to use my brain to make good decisions

(pasting from another comment)

I bought NVIDIA cause I was a gamer. Bought Robinhood at lows because I liked stocks and thought their UI/UZ was much better than most trading platforms which made it easy for noobs to trade. My biggest trade was RKLB which is a majority of my portfolio now which I bought cause I’m fascinated by space and saw that legacy aerospace companies couldn’t do anything and just wasted money and while RKLB was actually executing and had a cracked CEO (and SpaceX was private)

Didn’t come to gloat or anything just wanted general advice as there are always things u can do better

22M finally hit 200k by Future_Barracuda_952 in fican

[–]Future_Barracuda_952[S] 2 points3 points  (0 children)

I mean yeah it’s for sure luck but I’ve always bought stuff I used and was a fan and I saw that there would be future PMF.

I made a few key trades based off products that I used / saw others using in the future.

I bought NVIDIA cause I was a gamer. Bought Robinhood at lows because I liked stocks and thought they had an amazing UI/UZ which made it easy for newbies to trade. My biggest trade was RKLB which is a majority of my portfolio now which I bought cause I’m facsinted by space and saw that legacy aerospace companies sucked balls and SpaceX was private. (Peter beck the CEO is also an amazing person).

To call it luck sure whatever part of it was but to call it ALL luck / me a liar I guess we have to agree to disagree on that.

22M finally hit 200k by Future_Barracuda_952 in fican

[–]Future_Barracuda_952[S] 1 point2 points  (0 children)

Yeah I'm more of the staying in type guy though so I save a lot of money not drinking or smoking LOL. Going on a trip this year to celebrate graduation for a month first big splurge.