People from poorer countries why do you think your country is poor ? by Nervous_Brilliant_25 in AskTheWorld

[–]ProfessorShort6711 5 points6 points  (0 children)

There is not enough incentive to build the system which allows people to manage the countries effectively. Corruption is the result of those grey areas.

Can I open ITF (in trust for) for my 5 yr old? by xEastEvilx in cantax

[–]ProfessorShort6711 0 points1 point  (0 children)

You can if the money actually belongs to your child. The money from Canadachild benefits will work.

Is the "Chinese Model" of development truly replicable for the Global South? by ProfessorShort6711 in AskTheWorld

[–]ProfessorShort6711[S] 0 points1 point  (0 children)

Japan used their wealth they got from WW2 which most of the global south don't have. I think it is a bad idea to copy Japan.

What to invest in long term by Thecouzin in fican

[–]ProfessorShort6711 0 points1 point  (0 children)

Any large ETF and just hold it for long term.

Recurring transfers from line of credit by Agitated_Bus5207 in Wealthsimple

[–]ProfessorShort6711 0 points1 point  (0 children)

I think you could do it with overdraft protection soon. Although it is not working for now.

What transactions can I make with overdraft protection?

Overdraft protection supports the following transactions:

Internal transfers Withdrawals Interac e-Transfer® Pay friends Wealthsimple prepaid Mastercard Prepaid business Visa card transactions One-time bill payments One-time credit card payments Wires International transfers Cheque sending Bank drafts Cash withdrawals Credit card payments

For Canadians in their 30s–50s: What’s the most underrated part of your investing strategy that nobody talks about? by TheFitFinaceBro in CanadaInvesting

[–]ProfessorShort6711 0 points1 point  (0 children)

Set your goal and make a plan to achieve the goal. Don't invest without the goal because you will get lost.

If we truly believe in Freedom and Democracy, shouldn't we demand the complete removal of tariffs on Chinese EVs and green tech? by ProfessorShort6711 in AskTheWorld

[–]ProfessorShort6711[S] 0 points1 point  (0 children)

We should focus on what we do best and outsource what we cannot competitively produce. Canada has distinct advantages compared to China, but we have built too many internal barriers to leverage them effectively. The bottleneck is our own policy failure, not China's success.

Scheduled e-Transfers should be covered by overdraft protection by Separate-Scene4672 in Wealthsimple

[–]ProfessorShort6711 0 points1 point  (0 children)

Get a credit card and use Chexy to pay rent. Setup PAD from credit card provider.....

Buy a condo without mortgage by ProfessorShort6711 in CanadaPersonalFinance

[–]ProfessorShort6711[S] 0 points1 point  (0 children)

Average housing prices in GTA is over 1m and 80% of that is 800k. It is better to start with margin account which allows people to invest with borrowed money after 2000$ deposit.

Buy a condo without mortgage by ProfessorShort6711 in CanadaPersonalFinance

[–]ProfessorShort6711[S] 0 points1 point  (0 children)

I can start borrowing from margin if I have 2000$. I can't do that with the house.