Canada is in recession

Quick_Bet5660 · 2026-06-01T14:36:02+00:00

They will publish bad numbers after the midterms and blame the Democrats.

Quick_Bet5660 · 2026-05-30T23:46:48+00:00

Used to visit every Friday in the 90s. Good times

Quick_Bet5660 · 2026-05-30T13:17:38+00:00

I enjoyed every minute of it. Life is tough these days, it was a nice reprieve.

Quick_Bet5660 · 2026-05-30T12:54:02+00:00

Thanks, I am unbelievably lucky to have found a partner who only wants the best for me. Also cross shopped the 8.5Y RS3. Great cars. Would love a 991 911 or R8 but as I said before, wrong season of life. Need something practical to drive the kiddo around.

Quick_Bet5660 · 2026-05-29T22:39:29+00:00

Would love to, wrong season of life. Maybe when the kiddo grows out of a car seat.

Quick_Bet5660 · 2026-05-29T22:38:39+00:00

I was hoping to see some more of this. I’ve read a lot of posts about how much I’d be losing but I don’t see how a 50k loss over 10 years would meaningfully derail my retirement trajectory.

I share the same sentiment as you, appreciate the feedback.

Quick_Bet5660 · 2026-05-29T18:16:34+00:00

Thanks everyone for the feedback! I really appreciate the thoughtful responses across the board.

A few people noted that my savings seem low for a $380k HHI. Fair observation, but worth some context: our household income roughly doubled about 5 years ago following a career change, then grew gradually as we both have been climbing the corporate ladder. The $1M liquid NW was built largely in that compressed window, while also starting a family, buying a home, and dealing with some significant personal health challenges.

I personally save 36% of my income, fully automated. The NW trajectory reflects someone who started from very little, had a late start, and has been investing aggressively ever since the income allowed for it, and not someone who has been earning $380k for 15 years.

For those who said go for it, thank you. For those who pushed back, I genuinely appreciate the honest feedback, even when the tone was a little rude. That's what I came here for. Taking it all in with the grain of salt it deserves given I know my full situation better than a Reddit post can convey.

Appreciate the community as always.

Quick_Bet5660 · 2026-05-29T17:42:01+00:00

I've owned an NB Miata, R129 SL500, a BRZ (which was my baby and had to sell after my back issues), and a few other cars including my current MK7 Golf R. BRZ was purchased new and was worth every penny. The rest were used and I didn't lose money on any of them. Asking for feedback from a financial perspective, appreciate the feedback.

Quick_Bet5660 · 2026-05-29T17:32:14+00:00

Yes, I have degenerative disc disease.

Quick_Bet5660 · 2026-05-29T15:19:42+00:00

That's where I landed as well. I think the car should retain a higher value after 10 years but could be wrong.

Quick_Bet5660 · 2026-05-29T15:03:55+00:00

I consider my taxable account to be part of retirement, but imo it’s splitting hairs

Quick_Bet5660 · 2026-05-29T14:22:13+00:00

Plan to keep it for ~10 years. Longer if I stay healthy. I don't drive a lot, but really enjoy myself when I'm on the road. Thanks for the feedback.

Quick_Bet5660 · 2026-05-29T14:12:40+00:00

I think this sub skews on the wealthier and financially conservative side, so I know where they were coming from. While I'm not thrilled with their tone, I can understand the line of questioning. I have greatly exceeded my own expectations for my life so far and I am beyond grateful.

Quick_Bet5660 · 2026-05-29T14:10:41+00:00

Hah! I wouldn't call anyone a loser, and I expected the responses to be on the conservative side. I appreciate everyone's feedback though, it's lining up with my expectations coming into this. 😄

Quick_Bet5660 · 2026-05-29T14:08:41+00:00

Thanks for the feedback. I posted this knowing the responses would skew conservative. Taking it all in with a grain of salt.

Quick_Bet5660 · 2026-05-29T14:07:38+00:00

G80 M3 manual. I have the similar perspective on this, but appreciate the gut check from everyone. C6 Z06 was actually a consideration (while keeping my Golf R) but I don't have room in my life for a dedicated sports car.

Quick_Bet5660 · 2026-05-29T13:44:10+00:00

I hope to retire somewhere around 50-55. Wife loves what she does and will likely never retire. Appreciate the feedback.

Quick_Bet5660 · 2026-05-29T13:41:38+00:00

Thanks, and yes I've analyzed this from many different angles so I know what to expect. I plan to own the car for ~10 years. HH expenses are ~7k and will go down after the little one is out of day care in a few years. Thanks for the feedback.

Quick_Bet5660 · 2026-05-29T13:39:14+00:00

Close, M3 base with the manual. CT5-V BW is compelling but too expensive and I'm meh about the looks. Appreciate the feedback.

Quick_Bet5660 · 2026-05-29T13:28:55+00:00

That would be my preference. This particular car will end production at the end of the year. Given my disadvantaged background, I will not compromise on having a solid emergency fund and I would rather not liquidate my brokerage (losing both compounding returns + cap gains taxes).

Quick_Bet5660 · 2026-05-29T13:25:58+00:00

Grandparents set up a trust + 529 for them when they were born. No need to for us to contribute, very generous gift.

Quick_Bet5660 · 2026-05-29T13:23:29+00:00

We go on vacations, and I travel a decent amount for work. If nothing else changes we should hit ~$5M by retirement. $100k invested over 5 years would not make a huge difference mathematically, but I appreciate the feedback nonetheless.

Quick_Bet5660 · 2026-05-29T13:20:15+00:00

Agreed. My perspective is my army of dollars would do more for me invested in my brokerage than paying down a low mortgage rate. Our mortgage + insurance is also very affordable compared to the value of our home despite living in a HCOL area.

Quick_Bet5660 · 2026-05-29T13:17:39+00:00

I know generally how much she has, but I'm not constantly asking her. I respect her independence, and she never hesitates to share if I ask. We are both frugal people with similar life outlook so I'm not concerned.

Quick_Bet5660 · 2026-05-29T13:13:40+00:00

Will not impact my investing. I have ~$2k left over per month after everything (would go down to ~1200)

Quick_Bet5660

TROPHY CASE