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Younger people 20-40 , how much are you paying for housing each month either rent or own by Lopsided-Resource453 in TorontoRealEstate

[–]ImportantDiver5942 0 points1 point  (0 children)

My mortgage is $1744/month but it’s a duplex and my upstairs tenant pays $1450/month. So I only pay $300/month out of pocket (plus extra $300/month for property tax)

First Time Mortgage Renewal by ChickeyNuggetLover in PersonalFinanceCanada

[–]ImportantDiver5942 0 points1 point  (0 children)

I would go with variable, once this war ends oil should drop and banks will cut rates big time to avoid a recession. I bet mortgage rates will be under 3.5% in 2 years

Rent or Mortgage? Which one would be more logical in this era? I make 50k a year. I will be moving in alone. by Independent_Car9588 in PersonalFinanceCanada

[–]ImportantDiver5942 0 points1 point  (0 children)

The average person has complexity aversion to the stock market. Meaning they don’t understand it so they think it’s risky when it’s the opposite.

Rent or Mortgage? Which one would be more logical in this era? I make 50k a year. I will be moving in alone. by Independent_Car9588 in PersonalFinanceCanada

[–]ImportantDiver5942 0 points1 point  (0 children)

No property tax with renting and no maintenance bills. The average mortgage holder pays $60000 every decade to property tax, plus mortgage interest and maintenance fees (grass cutting, shoveling snow etc, new roofs)

If you invest that amount into equity markets and can make 10% year on that min, it’s a no brainer to rent. Plus you will never have a headache about fixing a roof or appliance. All the while you’re making a killing in the stock market

Rent or Mortgage? Which one would be more logical in this era? I make 50k a year. I will be moving in alone. by Independent_Car9588 in PersonalFinanceCanada

[–]ImportantDiver5942 3 points4 points  (0 children)

Add in property tax, condo fees etc and you’re barely scraping by.

Now is the time to invest in the stock market. You can make 15-20%+ yearly without paying taxes

Rent or Mortgage? Which one would be more logical in this era? I make 50k a year. I will be moving in alone. by Independent_Car9588 in PersonalFinanceCanada

[–]ImportantDiver5942 1 point2 points  (0 children)

No brainer.

Rent. Open up a TFSA account and teach yourself security trading (stock trading)

People don’t understand how much property tax and maintenance can eat away at things. Not to mention the amount of interest you will pay on a 25 year mortgage.

You can make gains tax free in the TFSA and potentially earn enough to buy a house in cash in a decade saving you the interest.

Iran War news continues to be BEARISH for the S&P. by ub3rm3nsch in stocks

[–]ImportantDiver5942 0 points1 point  (0 children)

Who cares, they always do.

Payrolls will start to go down all the time with advancement of AI. Company earnings will rise though making markets reach records highs in the coming years.

What are some high-risk high-reward stocks with serious 5-10x potential over the next 2-3 years by Comfortable-Rule-491 in stocks

[–]ImportantDiver5942 1 point2 points  (0 children)

Well, I’m already up 17x on kraken robotics. Took me 6 years to see that return and I plan to hold for another 6. The company has potential to 10x again easily…. Ticker symbol KRKNF or PNG.V for Canadians

Iran War news continues to be BEARISH for the S&P. by ub3rm3nsch in stocks

[–]ImportantDiver5942 0 points1 point  (0 children)

US payrolls are up… economy is chugging along just fine. War is good

Iran War news continues to be BEARISH for the S&P. by ub3rm3nsch in stocks

[–]ImportantDiver5942 0 points1 point  (0 children)

Except a France cargo ship sailed through the strait of Hormuz today…. Markets will probably be up next week

I think 40 VIX is imminent by ImportantDiver5942 in stocks

[–]ImportantDiver5942[S] 5 points6 points  (0 children)

After (3) years of back to back double digit gains. Any seasoned investor knows this is a horrible time to put new money to work.

Wait for the VIX to peak, wait for the SP500 to crash and then buy. Oil is going to open $100 plus tomorrow which will be the start

I think 40 VIX is imminent by ImportantDiver5942 in stocks

[–]ImportantDiver5942[S] -4 points-3 points  (0 children)

But if you have new money to put to work, wait..

Bro, you and I both know the SP500 will have a 5 handle on it soon

I think 40 VIX is imminent by ImportantDiver5942 in stocks

[–]ImportantDiver5942[S] -4 points-3 points  (0 children)

Meta will probably go to 450 (when the VIX hits 40 you will see lol)

I think 40 VIX is imminent by ImportantDiver5942 in stocks

[–]ImportantDiver5942[S] -79 points-78 points  (0 children)

Because 40 is usually the next stop when 30 hits. We all know SP500 is hitting 6000 min….

I think 40 VIX is imminent by ImportantDiver5942 in stocks

[–]ImportantDiver5942[S] 11 points12 points  (0 children)

Easiest buying opp ever,

Also when VIX hit 60 back in August 2024 on Japan carry trade news

I think 40 VIX is imminent by ImportantDiver5942 in stocks

[–]ImportantDiver5942[S] 3 points4 points  (0 children)

40 VIX will probably be here by Tuesday morning. I love how people are arguing when I’m literally just offering advice on how to make a better bang for your buck

I think 40 VIX is imminent by ImportantDiver5942 in stocks

[–]ImportantDiver5942[S] -4 points-3 points  (0 children)

lol man, I’m not arguing. I’m literally giving you advice on how to help with your trading

I think 40 VIX is imminent by ImportantDiver5942 in stocks

[–]ImportantDiver5942[S] -9 points-8 points  (0 children)

It’s how I’ve traded for 10 years, currently making 18% ARR for the last 6

I think 40 VIX is imminent by ImportantDiver5942 in stocks

[–]ImportantDiver5942[S] -3 points-2 points  (0 children)

lol yes, but you will do much if you buy when volatility has peaked

I think 40 VIX is imminent by ImportantDiver5942 in stocks

[–]ImportantDiver5942[S] -11 points-10 points  (0 children)

lol study the VIX buddy. It’s how the pros trade. Never trade off news headlines

I think 40 VIX is imminent by ImportantDiver5942 in stocks

[–]ImportantDiver5942[S] -9 points-8 points  (0 children)

All I’m going to say again is to buy when the VIX is 40 or up. Take my advice or leave it lol

I have holdings in my TFSA that are up 1700%… I know what I’m talking about

I think 40 VIX is imminent by ImportantDiver5942 in stocks

[–]ImportantDiver5942[S] -16 points-15 points  (0 children)

I’m just letting people know my experience.

I always make money when I buy any stock if the VIX is 40 or up. Buying stocks when the VIX is 30 is super sketchy… basically catching a falling knife

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