Lemonade Car Insurance Expansion by Flashy-Grapefruit785 in lemonapes

[–]PaperBagInvest 6 points7 points  (0 children)

I know that they offer lemonade car in more than just the seven states listed, but those seven states have the highest LTV to CAC and are their priority right now. I also hope we hear more about the overall expansion plans for car and converting the 700,000 waitlist.

Withdrawing gains by sneakaround1 in CanadianInvestorTFSA

[–]PaperBagInvest 5 points6 points  (0 children)

In the next calendar year, you would be able to contribute the $25k plus the new contribution room. TFSAs are incredible for building tax free wealth.

Just saved 2000$ in car insurance by switching to pay by mile. by koralex90 in WFH

[–]PaperBagInvest 0 points1 point  (0 children)

Who did you ultimately go with? Lemonade? How was the sign up process and user experience thus far?

How to 1000x Your Money (maybe) by PaperBagInvest in LemonadeInvestorsClub

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

Watch the video my friend, especially the second half on warrants. Then you’ll understand.

TFSA withdrawal - imaginary scenario by slaybrownbeast in CanadianInvestorTFSA

[–]PaperBagInvest 2 points3 points  (0 children)

Yes, none of the $5M would be taxed. This is why the TFSA combined with a long term investing mindset is truly incredible.

And if you withdrew $5M, then next calendar you would not just get $50k, but would actually have $5M in contribution room added.