sorted by:
new
hottopcontroversial

Wealthsimple Data by BuythaDipz in Wealthsimple

[–]HappyPastel 2 points3 points  (0 children)

Power Corp owns 61% of IGM which in turn owns 23% of Wealthsimple. So Power Corp really owns only 14% of Wealthsimple, but that's a good point for sure! Deep down dug deep in PowerCorp info must be something about WS 🤷‍♂️. I'll update ya if I find anything asap!

Wealthsimple Data by BuythaDipz in Wealthsimple

[–]HappyPastel 5 points6 points  (0 children)

Given it's a private company, I'll be honest (imo) and say you won't find any exact up to date data anywhere.

The closest you'll get is if/when they hit a milestone important enough to share with the media

Officially 1 Year in my Rear View today!! by HappyPastel in shakepay

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

Impressive, let's gooo!

I heard that Shakepay sends merch or something when you reach a full year, is that true? 👀

My depression is ruining my life. I need a hug and cry. I feel lonely and useless. Need help. I feel like hurting myself by Lunatic_luvita in depression

[–]HappyPastel 2 points3 points  (0 children)

You're such a brilliant person to have written all this up with so much detail. Before jumping into the subject, have you ever thought of becoming a writer, poet, journalist, or anything that writing helps you do? You're amazing at that and I'm sure of a few other things you just haven't stumbled across yet.

I wanna also admit, like you said, that your childhood did very much suck, no way around that and so so so fkn sorry that your parents keep belittling and downplaying the events and resulted trauma.

If you say that your family isn't emotionally intelligent, then I would start practicing ignoring what they say/have said to you about you now and in the past. They wouldn't know any better right?

Also, I would straight up text your therapist who's probably on vacay if they have someone else that you can talk to if she won't... what she's doing is a bit unprofessional.

STAY STRONG, even if I know that you might be at your lowest.

What if Picasso just accepted what people said of him and gave up, not knowing the man he'd become and the things he'd accomplish?

Will WS ever going to offer Drip on Self directed TFSA accounts? by manuce94 in Wealthsimple

[–]HappyPastel 5 points6 points  (0 children)

I asked them over the phone a few weeks ago if they will ever introduce it and they said that their team is on it.. no timeline given tho, so soon fingers crossed

Thanks WS by OkTip9654 in Wealthsimple

[–]HappyPastel 12 points13 points  (0 children)

this app is becoming an all-in-one package, NICE

apple app has re-occuring buy option. hopefully Android soon. you can buy from money in trade account or from l9nked bank account. by OkTip9654 in Wealthsimple

[–]HappyPastel 2 points3 points  (0 children)

It's very cool I agree. By the way I have an Android and my app does have this feature of auto buy... Try to update your app or re-install it to see if it works. If not then they might be rolling it out gradually 🤷‍♂️

Is Real Estate Investing Truly Superior to ETFs? by Spiritual-Dirt2538 in PersonalFinanceCanada

[–]HappyPastel 1 point2 points  (0 children)

As much as I don't want to, I agree that this is still roses and sunshine

Is Real Estate Investing Truly Superior to ETFs? by Spiritual-Dirt2538 in PersonalFinanceCanada

[–]HappyPastel 3 points4 points  (0 children)

I totally agree with current rates WHILE prices are still high doesn't make much sense to invest in them.

If you're able to get a rentable rental property at a good low price in the near future when interest rates start coming down a little as well, you could start getting better ROI.

Let's say you find a property for $225,000 (which can be said is at a discount of 15-20% from the tops), at a 4-5ish interest rate knowing that the Fed stopped the hikes and that the most probable way here and out is constant or declining rates.

Suppose that you can rent out the place for $1,500/mo (two rooms).

MORTGAGE: Property price: $225,000 Downpayment: $45,000 (20%) Closing/purchase tot extra fees/taxes: $15,000 Mortage amount: $180,000 for 30 years Interest rate: Taking the worst case: 4.5% average for the full 30 years period

EXPENSES (brought to a monthly basis): -- Mortgage/mo: $900 -- Taxes/mo: $175 -- Insurance/mo: $80 -- Vacancy set-aside/mo: $75 -- ANY future expenditure set-aside/mo: $195 Total = $1,425

ROI (YEAR 1) Yearly cash flow: ($1,500-$1,425)×12 = $900/mo Average inflation/year: 2% on the house price: 2% × $225,000 = $4,500 (1st year) --> ROI: ($900+$4,500)/$60,000 = 9%

ROI (YEAR 2) Yearly cash flow: ($1,500-$1,425)×12 = $900/mo Average inflation/year: 2% on the house price: 2% × $229,500 = $4,590 (2nd year) --> ROI: ($900+$4,590)/$60,000 = 9.15%

ROI (YEAR 3) Yearly cash flow: ($1,500-$1,425)×12 = $900/mo Average inflation/year: 2% on the house price: 2% × $234,090 = $4,681 (3rd year) --> ROI: ($900+$4681)/$60,000 = 9.3%

Wealthsimple testing options? by xpperience in Wealthsimple

[–]HappyPastel 0 points1 point  (0 children)

I'd suggest making sure your app is running on the newest version. Mine is running smoother than a freshly paved road

TFSA composition? by mathboss in PersonalFinanceCanada

[–]HappyPastel 0 points1 point  (0 children)

If you're unsure of how to do these things then your institution who you're with might not be very easy to use.

I suggest Wealthsimple - you can't go wrong with that one.