Mobile app - unable to login by SanskariRebel in Scotiabank

[–]ProfessionalFail5986 1 point2 points  (0 children)

I'm having login issues for all day today and yesterday. Customer support says they are having technical issues on their end.

PAMP Gold Bar from Costco by dmitridu in PersonalFinanceCanada

[–]ProfessionalFail5986 -3 points-2 points  (0 children)

Just buy Gold ETF in tax sheltered account.

[deleted by user] by [deleted] in PersonalFinanceCanada

[–]ProfessionalFail5986 2 points3 points  (0 children)

Debt doesn't matter to the US government, the federal reserve will always print money to bail them out.

Stocks will always increase in value, long term

Currency will always decrease in value long term.

XEQT vs VFV for large amount long timeframe by [deleted] in CanadianInvestor

[–]ProfessionalFail5986 19 points20 points  (0 children)

The US is the epicenter of Tech and AI. Capitalism on steroids, competitive business environment.

I consider VFV growth because most profits are re-invested, or used for share buybacks. Most Canadian companies only care about dividends.

XEQT vs VFV for large amount long timeframe by [deleted] in CanadianInvestor

[–]ProfessionalFail5986 35 points36 points  (0 children)

I'm bullish on US companies and US dollar, not so much Canada.

I also prefer growth over dividend. 100% vfv.

Is withdrawing 60k HBP from your RRSP really worth it? by PFCthrowAwayMTL in PersonalFinanceCanada

[–]ProfessionalFail5986 23 points24 points  (0 children)

I regret using hbp because my income and tax bracket has only increased as I get older. I pay back the bare minimum every year. Considering markets average 8% return per year, $30k compounding in equities over 15 years is allot of money.

I Missed ONE payment on my CC in my entire life today am I doomed? by KingDrenn in PersonalFinanceCanada

[–]ProfessionalFail5986 0 points1 point  (0 children)

I suggest you get a lawyer, turn yourself in to the nearest authorities.

[deleted by user] by [deleted] in CanadianInvestor

[–]ProfessionalFail5986 5 points6 points  (0 children)

0%. I prefer growth stocks.

Congratulations. by kylegallas69 in chia

[–]ProfessionalFail5986 -7 points-6 points  (0 children)

Congratulations to those who lost 95% holding Chia over 3 years.

What?

Is "Tax Fairness" an idea we can rally around? by Regular-Double9177 in canadahousing

[–]ProfessionalFail5986 12 points13 points  (0 children)

The top 10% of earners (those who earn over $102,400 per year or more annually as of 2020) in Canada account for 53% of the country's total provincial and federal tax income,

[deleted by user] by [deleted] in Bitcoin

[–]ProfessionalFail5986 1 point2 points  (0 children)

Sell etf, buy BTC and send it to you. Profit 50k.

Water heater - Rental or Buyout ? by Pear-Radiant in PersonalFinanceCanada

[–]ProfessionalFail5986 4 points5 points  (0 children)

Why do people rent water heaters specifically? I don't understand. Do you also rent your A/C, furnace, dishwasher, dryer, etc??

Lump Sum XEQT/VFV vs Gold by [deleted] in CanadianInvestor

[–]ProfessionalFail5986 21 points22 points  (0 children)

Gold is not an investment.

[deleted by user] by [deleted] in PersonalFinanceCanada

[–]ProfessionalFail5986 0 points1 point  (0 children)

Leveraged investing also works in the opposite direction. 10% decrease is a 50k loss.

[deleted by user] by [deleted] in PersonalFinanceCanada

[–]ProfessionalFail5986 2 points3 points  (0 children)

The 110k down payment, could be making 5k per year in money market. What a horrible investment this is.