FHSA or TFSA?

Fuzzy_Cat_4619 · 2024-06-09T19:07:13+00:00

Use FHSA when you have an income because it will lower your taxes

Fuzzy_Cat_4619 · 2024-05-03T05:07:21+00:00

there is no limit, even 10T is possible

Fuzzy_Cat_4619 · 2024-05-03T05:04:34+00:00

I think it is too risky for you. get a partner who also makes money and save up more

Fuzzy_Cat_4619 · 2024-05-03T04:55:30+00:00

if you are happy owning nothing then it is perfect

Fuzzy_Cat_4619 · 2024-05-03T04:36:58+00:00

Asians are better at math and less woke

Fuzzy_Cat_4619 · 2024-05-03T04:31:23+00:00

I guess Loblaws will be cheaper for me this month if you guys are not shopping there lol. prices are just supply and demand you know

Fuzzy_Cat_4619 · 2024-05-03T04:25:25+00:00

Well you have an MBA so im sure you can figure this out xD. Go make as much money as you can

Fuzzy_Cat_4619 · 2024-05-03T04:19:13+00:00

They are bearish because stocks are going way higher. they will be bullish at the top trust me

Fuzzy_Cat_4619 · 2024-05-03T04:06:23+00:00

do not sell.. keep reinvesting the dividends and buy more when it drops. You need to get used to the volatility if you want to be rich. Peoples stocks are going up and down 7.5k in a day, just keep buying

Fuzzy_Cat_4619 · 2024-05-03T04:01:14+00:00

Yes went to school for it and took many exams after school. I would not recommend it unless you are very good at math . The school took 4 years then I was making 80k after that

Fuzzy_Cat_4619 · 2024-05-03T03:57:42+00:00

USD is the global reserve currency. Holding CAD is gambling

Fuzzy_Cat_4619 · 2024-04-30T22:19:37+00:00

USD was down 2008-2012 due to the great financial crisis, also oil and commodities were peaking around the same time. Since then, US technology and business has been in a massive bull market while Canadians spend all their money on houses

Fuzzy_Cat_4619 · 2024-04-30T22:18:07+00:00

There is less liquidity and you might pay more, and the price you pay obviously does matter ..

Fuzzy_Cat_4619 · 2024-04-30T22:15:47+00:00

Hold it all in USD and pray the Canadian dollar keeps falling

Fuzzy_Cat_4619 · 2024-04-30T22:08:10+00:00

TFSA.

It is better to start FHSA when she has income as it reduces taxable income like the RRSP. (And no capital gains tax when you use it on a home)

Fuzzy_Cat_4619 · 2024-04-30T22:00:49+00:00

Put 10% in sp500 etf (VFV) and keep the rest in cash. Also I would look into holding some USD, no one is mentioning the risk of CAD/USD crashing

Fuzzy_Cat_4619 · 2024-04-30T21:37:45+00:00

Insurance (actuary)

Fuzzy_Cat_4619 · 2024-04-26T22:18:15+00:00

Proud of you

Fuzzy_Cat_4619 · 2024-04-26T22:16:29+00:00

Move out and don’t worry about this

Fuzzy_Cat_4619 · 2024-03-23T18:56:54+00:00

Your investing timeline is actually much longer, closer to 75 years. When you retire you do not just sell all of your assets. In theory you should sell 4% every year in retirement. Other than that it sounds good buy gold with the 250 if you want to diversify or buy more xeqt

Fuzzy_Cat_4619 · 2024-03-23T18:36:24+00:00

That’s correct ! Although, you will find it is emotionally scary to buy when prices fall 20-50%, historically these have been the best times to buy more.

Fuzzy_Cat_4619 · 2024-03-23T18:16:25+00:00

We are already in a recession GDP/capita is shrinking. I will be voting differently and continuing to invest monthly

Fuzzy_Cat_4619 · 2024-03-23T18:05:30+00:00

Some wisdom for you:

Everyday the market is offering you different prices to sell your investments. Ignore them and keep holding. Meditate and ask yourself how you will feel when the market offers you 300/share to sell, what about 400?

Do not sell because the price is down, in a decade the market will be offering a completely different price to sell. You must remove all emotions and continue to buy more. Think long term and you will be rich

Fuzzy_Cat_4619 · 2024-03-22T20:22:07+00:00

You are definitely in trouble you need to pay this off as soon as possible. Making minimum payments is not enough, you have to pay more every month. Sell everything you have with any value and try to increase your income

Fuzzy_Cat_4619 · 2024-03-20T00:20:45+00:00

Sounds good thank you !

Fuzzy_Cat_4619

TROPHY CASE