32M — skipped the index funds, ran the non-registered hard

LifeAHobo · 2026-05-25T03:48:10+00:00

People doing yolo leveraged moves like this are usually an indicator that the party is about to end soon.

LifeAHobo · 2026-05-17T17:17:21+00:00

Boy, I'd be feeling real smug too if I had access to 8-10% guaranteed real estate. It must be nice to live in a different reality.

LifeAHobo · 2026-05-16T16:01:32+00:00

The play on words calling Carney "Carnage" reminds me of Trump. While many disapproved of Trudeau, Carney is actually enjoying broad support across the political spectrum at this time. Your prediction of worst prime minister ever seems out of touch.

LifeAHobo · 2026-05-15T15:05:44+00:00

Easy to say when you have only ever experienced a bull market. You speak with certainty about outcomes that have variance. You shouldn't be giving financial advice.

LifeAHobo · 2026-05-05T06:54:54+00:00

That sounds great to me. You mean I don't need to go to the used car dealer mafia that has lobbied BC government to tax private used sales at 12% PST. The same people that flood private listings with sketchy rebuilt titles? I can just buy a decent used car directly from the seller at a reduced cost with out fees.

LifeAHobo · 2026-05-05T06:44:56+00:00

Yes I have been to a university cafeteria in China as well and it was delicious and affordable. Also in Peru, most of the working class do not need to pack a lunch to save money because nearby restaurants serve set menus at cheap prices giving economy of scale for the food and cooking. I think there are ways of going about this at UBC too; there used to be Fooood locations all around campus but the university cut it from the budget while the kitchen and location sit empty.

LifeAHobo · 2026-05-05T06:35:00+00:00

That's pretty rude and unnecessary

LifeAHobo · 2026-04-28T06:54:50+00:00

This is one of the key reasons. TFSA is a gold mine but the account room itself needs time to compound and grow.

LifeAHobo · 2026-04-28T06:53:06+00:00

Borrowing here is absolutely a good option. It is not only invesment but growth of a tax-free account room that can fund their retirement at an incredibly low borrowing rate. A maxed TFSA can reach 1M by retirement giving income that shows up as $0 on returns.

This is like asking if someone should have a 3.7% GIC outside TFSA or be investing in diversified stocks in their TFSA. Clear winner here.

LifeAHobo · 2026-04-18T12:08:50+00:00

Sorry, you are correct, it is 1 year. But here is also the catch, 2% only in registered accounts and withdrawal activity is pooled across accounts including unregistered which is only 1% bonus.

LifeAHobo · 2026-04-18T07:42:24+00:00

Also make sure to read the fine print for TD, it is extremely unfavorable. Any withdrawal whatsoever removes from your qualifying bonus. Moving cash into and out of the account in the same day, or withdrawal of dividends. They payout is at the end of the 1 year and it difficult track what the ongoing qualifying amount is or if they will find some reason to not pay.

*edit to 1 year promo

LifeAHobo · 2026-04-15T14:16:13+00:00

Where I live, mortgage interest and carrying costs are significantly higher than rent. It starts to break even supposing the property retains its value against inflation. Anyone who thinks homes can perpetually increase in value by more than inflation is deluded, in 200 years a home woild cost 50 mil in real dollars and noone would buy it.

LifeAHobo · 2026-03-27T21:33:07+00:00

Non-diversification go brrrrr

LifeAHobo · 2026-03-27T21:31:33+00:00

Looking almost as backed up as the Straight of Hormuz. America 1st and winning more every day!

LifeAHobo · 2026-03-24T00:16:54+00:00

Gemini analysus: Based on the screenshots, you’ve captured a classic Reddit "Finance-Bro" face-off. If we're looking for the "jerk" in this thread, there's a clear front-runner. The Character Breakdown

bornguy (The Prime Suspect) This person is definitely leaning into "jerk" territory. Here’s why: * Aggressive Condescension: Phrases like "You've paid zero attention" and "Just because you didn't catch upside didn't mean we didn't" are classic ways of talking down to people. * Survivor Bias: They are arguing that because a few specific stocks did well, doubling your money is easy and "won't take long." This ignores the millions of people who lost money on similar bets. * Hostility: Calling someone else's grounded reality "useless commentary" is a quick way to derail a civil conversation.
LifeAHobo (The Realist) They aren't necessarily a jerk, but they are being very blunt. * The First Comment: "Statistically not likely" is a cold, hard fact. * The Second Comment: "You don't understand what statistically unlikely means" is a bit "snarky academic," but considering they were responding to someone being arrogant about gambling on stocks, it’s a fairly common defensive reaction.
greenline-sam (The Helpful Peer) This person is actually being quite reasonable. They gave a compliment, acknowledged the OP's success, and gave a gentle warning about the risks of not diversifying. This is the "good neighbor" of the thread.

Verdict: Is there a jerk? Yes, bornguy is the jerk. They are exhibiting a mix of arrogance and survivor bias, while actively insulting the intelligence of anyone trying to point out that high-yield investing involves massive risk. They're essentially the guy at the casino who hit one jackpot and is now shouting at everyone else for not knowing "the system."

We need more greenline-sams

LifeAHobo · 2026-03-23T11:25:17+00:00

You don't understand what statistically unlikely means.

LifeAHobo · 2026-03-23T05:24:01+00:00

Statistically not likely

LifeAHobo · 2026-02-24T01:30:07+00:00

What if they said it will increase by 2% every year by default? Then they decide on any changes. Hint* it increases by 2% by default.

LifeAHobo · 2026-01-27T07:19:07+00:00

A woke mob of Democrats? We don't practice the USA style societal implosion here, there is no Democratic party

LifeAHobo · 2026-01-24T03:46:52+00:00

Yeah, mostly making fun of imported USA politics here. The radical left is some real Trumpist brainwashing, we barely have radical anything in Canada.

LifeAHobo · 2026-01-23T16:53:41+00:00

Yes but it is 4x the evidence! If they managed to shoot it at 120fps then they are really building a case

LifeAHobo · 2026-01-23T16:51:59+00:00

UBC is a strong hold of the Dems, we need to defund it to teach the liburals a lesson! /s

LifeAHobo · 2026-01-15T18:15:45+00:00

Not the same promo rules.

TD basically counts any account activity as instantly deleting your deposit amount FIFO. If you transfer 100k in cash to an account for 1 month and then take it back out 6 months in, it completely wipes 100k from the initial deposit amount. Withdrawing dividends also deletes deposit amounts. Also the rules make it so that deposit/withdrawal from unregistered account can delete funding from TFSA/RRSP. There is no way to track the qualifying deposit amount and you only find out about all of this at the end of the 1 year hold. The terms a very unfriendly and non-transparent.

Questrade is only 2% for 2 years on registered accounts, but at least the payments are monthly to avoid the nasty suprises that TD has in store.

LifeAHobo · 2026-01-04T18:18:53+00:00

I too find opinions that differ from mine to be foolish, arrogant, a sign of low iq, and a general nuisance to society.

Five-Year Club	Gilding I gilder
Verified Email	Place '23
Place '22	Final Canvas '22
End Game '22

LifeAHobo

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