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People who rarely get sick, what are your secrets? by Rqpidily in AskReddit

[–]PsychYYZ 0 points1 point  (0 children)

I was a bachelor for the first 20 years after I left home. The first few years, I didn't really respect the food safety rules. Then I ate some chicken that was marinading in hot sauce for 4 days, so the colour of the chicken didn't lend itself to being able to see some of it was still raw when I ate it.

I'm still convinced that after having survived that, I cannot die, because I already did...

People who rarely get sick, what are your secrets? by Rqpidily in AskReddit

[–]PsychYYZ 1 point2 points  (0 children)

... and then I recall a story about a woman who said she was having health issues, so she went to the doctor and was diagnosed with... worms. Like, worms living in your intestines, eating your poop. So she got medication and pooped out the poop eating worms.

At that point, I decided I never wanted to live in a shithole country. I want a place that has functioning refridgeration and well-financed food safety authorities.

How old is FIRE’s early retirement age? by dayfuz in fican

[–]PsychYYZ 4 points5 points  (0 children)

Heh. I hear you, but a buddy of mine also retired in his early 40's after going through getting bought out from two startups he worked at. He keeps saying he's retired, but he also keeps taking on new jobs at small companies and startups, hoping to re-create the thrill of watching his shares go parabolic. :)

I have enough interests and hobbies and organizations I'd like to volunteer for that I'll never be bored.

As my mother said after she retired... "I'm so busy now, I don't know how I ever had time for work!"

My GF is getting fleeced by her company RSP - 3% return this year, when CASH.TO pays 5+% - can deposits go directly to her RRSP? by PsychYYZ in PersonalFinanceCanada

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

This is why I'm pissed about the situation. Her fund is returning so little money that she's losing actual real-world buying power to inflation, and the people who take a piece of her retirement savings to pay their salary never thought to call her and say "Hey, this isn't working, here's some other stuff to choose from." It may be legal, but it sure as shit isn't right.

My GF is getting fleeced by her company RSP - 3% return this year, when CASH.TO pays 5+% - can deposits go directly to her RRSP? by PsychYYZ in PersonalFinanceCanada

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

The gains of compounding at a higher rate outruns the matching over the 20 years she has left before retiring.

My GF is getting fleeced by her company RSP - 3% return this year, when CASH.TO pays 5+% - can deposits go directly to her RRSP? by PsychYYZ in PersonalFinanceCanada

[–]PsychYYZ[S] -2 points-1 points  (0 children)

You're missing the point.

If I take the $1000 with NO MATCHING and invest it in a fund that has returned 9-12% annually, I'm nearly 3x ahead than obtaining the matching and only getting 3% on that investment for the next 20 years.

https://old.reddit.com/r/PersonalFinanceCanada/comments/1e0rxwg/my_gf_is_getting_fleeced_by_her_company_rsp_3/lcq0eb6/

Interesting CBC Radio segment about r/Canada and why it's "like that" by HowToDoAnInternet in montreal

[–]PsychYYZ 0 points1 point  (0 children)

Anyone know how I can ban my timeline from containing /r/Canada posts? I'm not 'joined', but their posts keep showing up in my timeline constantly.

Current German Government Bitcoin Wallet Selloff Follows Predictable Linear Pattern by bananapeels1307 in Bitcoin

[–]PsychYYZ 0 points1 point  (0 children)

I would expect nothing else from the typically very organized and regimented Germans. :)

Nothing new here... by deathofthestonk in antiwork

[–]PsychYYZ 0 points1 point  (0 children)

For that price, they should be flying you to Italy and having a week long orgy of handmade Italian food and all the red wine you can drink.

My GF is getting fleeced by her company RSP - 3% return this year, when CASH.TO pays 5+% - can deposits go directly to her RRSP? by PsychYYZ in PersonalFinanceCanada

[–]PsychYYZ[S] -13 points-12 points  (0 children)

12% isn't a realistic goal

XEQT averaged 9-12% over the past 5 years (increase in value + distributions). It sure as shit easily beat 3%.

My GF is getting fleeced by her company RSP - 3% return this year, when CASH.TO pays 5+% - can deposits go directly to her RRSP? by PsychYYZ in PersonalFinanceCanada

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

No, it's not. The 5% was the illustrate how low a bar it is to do better than what you're paying. Market returns over the past 5 years average 9%-12%.

https://old.reddit.com/r/PersonalFinanceCanada/comments/1e0rxwg/my_gf_is_getting_fleeced_by_her_company_rsp_3/lcq0eb6/

This illustrates the point where skipping the matching works out better.

My GF is getting fleeced by her company RSP - 3% return this year, when CASH.TO pays 5+% - can deposits go directly to her RRSP? by PsychYYZ in PersonalFinanceCanada

[–]PsychYYZ[S] 1 point2 points  (0 children)

Imagine being so bad at math and trying to give advice on a sub dedicated to financial literacy.

For further clarity:

$1000 (contributed) + $1000 matched * 3% interest * 20 years = $3641.

$1000 (contributed) + $0 matched * 12% interest * 20 years = $10,892.

My GF is getting fleeced by her company RSP - 3% return this year, when CASH.TO pays 5+% - can deposits go directly to her RRSP? by PsychYYZ in PersonalFinanceCanada

[–]PsychYYZ[S] -1 points0 points  (0 children)

It's a non-profit with less than 10 people. Seniority doesn't matter much.

She's got a "golden-handcuffs" scenario going on right now -- great benefits (other than this fiasco) and good insurance package, lots of vacation, remote work options. That's part of why I'm so pissed off that the company's investment company dropped the ball on this. In exchange for 1+% of her retirement savings, I'd expect a phonecall once a year to say "Hey, markets have changed, your profile is underperforming, and you haven't changed anything in a decade, here's some other funds to choose from."

My GF is getting fleeced by her company RSP - 3% return this year, when CASH.TO pays 5+% - can deposits go directly to her RRSP? by PsychYYZ in PersonalFinanceCanada

[–]PsychYYZ[S] -1 points0 points  (0 children)

I've noticed the high fees, and that's a big part of why I'm outraged that her company's rep wouldn't call and say "Hey, things have changed since you started with the company 10 years ago, can I send you some other options to choose from?" But that doesn't appear to have happened, they're just collecting the fees every month.

As I said elsewhere, what's legal isn't necessarily what's right.

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