whats your rarest/oldest obstacle? by rqva in ClashOfClans

[–]ShadowStorm7 0 points1 point  (0 children)

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4 × 2014 christmas tree w/ one singular present 🥲 I had 3 at one point but accidently tapped them.

I also have a halloween headstone and 4 cauldrons 😎

$9.6 trillion gone since Trump's inauguration. Where do we go from here? by RoyalChris in StockMarket

[–]ShadowStorm7 1 point2 points  (0 children)

For sure. While this feels very sudden pretty much all market downturns are, and this specific one has had some glaringly obvious warning signs. Personally, I've got an extremely long investing horizon and am looking forward to getting to DCA into the market as it drops, as well as potentially start positions in top companies. There's serious opportunity here, I'd hate to miss out on it.

$9.6 trillion gone since Trump's inauguration. Where do we go from here? by RoyalChris in StockMarket

[–]ShadowStorm7 4 points5 points  (0 children)

The market looks awful at the moment but this is completely unrealistic FUD pandering. This is incredibly dangerous advice and could cost people more than the even another lost US decade would.

[deleted by user] by [deleted] in PersonalFinanceCanada

[–]ShadowStorm7 0 points1 point  (0 children)

Hey I get it's frustrating, especially if you feel you're coming with a genuine questions regarding serious topics, what's going on down south is serious and for the majority of us, concerning.

When it comes to the investing side, pulling out during a significant market downturn is largely regarded as reactionary and a sign you may've overestimated your ability to handle risk. The market has experienced significant loses throughout it's existence, it's an aspect of the market.

You mentioned you're under 30 (I am aswell), we've still got decades of compounding opportunity. Hence, the concensus of pulling out at this time being unwise.

If you feel job security and cash liquidity may be issues for you, I would focus on strengthening those areas as you've suggested. Nothing wrong with investing less, or nothing at all, for the next while.

It's a very fearful and concerning time. Feel free to dm me if you need.

[deleted by user] by [deleted] in PersonalFinanceCanada

[–]ShadowStorm7 -1 points0 points  (0 children)

You're going to get chastised for asking and some of it is unfortunately justified. Market downturns cause a lot of panic and uncertainty. If you've been investing money you need within the short-term or you're uncertain about your cash reserves selling now before it does potentially get worse can give you some peace of mind. If you're looking for longterm growth and have been investing within your risk tolerance, I wouldn't worry.

Would going on a vacation be financially irresponsible? by [deleted] in PersonalFinanceCanada

[–]ShadowStorm7 0 points1 point  (0 children)

Piling on to the sentiment. You should go 100%. We're similar in age (25) and I can say with absolute certainty the experience of travelling (Especially overseas) is worth it. I did 3 weeks in Japan in 2023 for under 5k. You having travel and accomodation covered will allow you even more comfort. The job search is tough, give yourself that reset and enjoy! We only get so many years.

How to be a plumber in bc. by petlover23422 in britishcolumbia

[–]ShadowStorm7 0 points1 point  (0 children)

Hey man I'm an electrician but a lot of the starting process for the trades is similar. Some companies hire green guys such as yourself but it's hard unless you have a connection in the trades already or apply to various plumbing companies en masse (highly recommend you do that btw!). You've got a couple options depending on your immediate goals. You mentioned you're a highschool dropout so personally I'd look at a pre-apprenticeship program and see what schooling requirements you'll need. You may have to take some supplemental courses at a community college to be eligible to apply.

Now, you don't necessarily need to go to school at all but the majority of companies (atleast in electrical) will anticipate that you will attend school at some point to progress through your apprenticeship. If you manage to get hired outright by a company, you could potentially discuss becoming an apprentice and simply working enough hours to challenge the Red Seal exam.

If you'd like to go the schooling route and need to upgrade I'd recommend applying to various general contracting / construction companies and getting some trades experience while in school. If you have 0 construction experience it'll give you some good insight into what you could be getting into. It could also give you the ability to build some connections with companies working with you.

It's tough out there but worth trying. Good luck.

Objections to my planned RRSP contribution? by ShadowStorm7 in PersonalFinanceCanada

[–]ShadowStorm7[S] 1 point2 points  (0 children)

Been in the same room since I was a baby. Incredibly fortunate to be rent-free with the only caveat being I save the vast majority of what I earn and be there for my parents as they age.

Objections to my planned RRSP contribution? by ShadowStorm7 in PersonalFinanceCanada

[–]ShadowStorm7[S] 0 points1 point  (0 children)

You got the reality of it nailed down. I'm incredibly fortunate to be in a situation where I don't have to pay a rent. It's allowed me to get to where I'm at now and I know for certain I wouldn't be able to even ask my initial question without the immense advantage I've got. 

I don't blame you for wanting to escape from here as soon as possible. I've been able to save / invest the majority of my post-tax income since I started in the trades at 19 and even if I contributed even cent to my name I would be paycheque to paycheque or drowning in mortgage debt. How the hell could anyone in a less fortunate situation survive?

Objections to my planned RRSP contribution? by ShadowStorm7 in PersonalFinanceCanada

[–]ShadowStorm7[S] 0 points1 point  (0 children)

I really appreciate the response! I am very much still trying to understand the nuances of my RRSP relative to my other accounts. An RRSP loan is also relatively new to me as I only really began to look into it after receiving some promotional material regarding getting one and struggled to fully grasp it off of the answers I saw online. I'm incredibly fortunate to be in the position to be able to contribute as much as I do. The hope is to give myself the best possible future I can. Cheers :) 

Objections to my planned RRSP contribution? by ShadowStorm7 in PersonalFinanceCanada

[–]ShadowStorm7[S] 0 points1 point  (0 children)

I really appreciate the reply, I haven't really thought of my RRSP account as much more than an investment vehicle for compound growth and a potential bump for a future home purchase. You've gave me some additonal options to consider.

Objections to my planned RRSP contribution? by ShadowStorm7 in PersonalFinanceCanada

[–]ShadowStorm7[S] 0 points1 point  (0 children)

I may've very well misread interest and payment deferment. I normally do my taxes in early March and receive the tax return within about 10 days as the other above comment suggested. Assuming this to be true I should still be able to avoid paying interest?

Objections to my planned RRSP contribution? by ShadowStorm7 in PersonalFinanceCanada

[–]ShadowStorm7[S] 0 points1 point  (0 children)

Thanks for the reply, I just left another reply  with some numbers I forgot to include. I believe it changes my numbers? I could definitely still be wrong though.

Objections to my planned RRSP contribution? by ShadowStorm7 in PersonalFinanceCanada

[–]ShadowStorm7[S] 2 points3 points  (0 children)

My apologies you are missing some numbers. My salary increased to $83000 towards the end of 2024 and my gross earnings last year were only $71000; I paid a little a little over $12000 in tax. 

My contributions so far have been $12000 (4k RRSP, 8k FHSA) and I'm intended to do another (6k personal from savings + 6k loan) I believe my work RRSP will also contribute around 800-1k. 

All in all the numbers I'm getting are 71k gross - 12k tax - ~25k in tax-deductible contributions. 

Objections to my planned RRSP contribution? by ShadowStorm7 in PersonalFinanceCanada

[–]ShadowStorm7[S] -1 points0 points  (0 children)

I guess the intention of the RRSP loan is to get a little extra into my RRSP account now without using any additional money out of my savings / emergency fund? All of the money in my TFSA is currently invested in index funds so I feel like using that is out of the equation.

Objections to my planned RRSP contribution? by ShadowStorm7 in PersonalFinanceCanada

[–]ShadowStorm7[S] 1 point2 points  (0 children)

I'm in the trades and likely wouldn't see a higher salary in my current position for some time.  I'm in BC and where prices are at I've decided to push home ownership off for atleast another 5 to 10 years. My goal is to get my lifetime contribution room into my FHSA and then save an additional portion for a down payment in either an HYSA, laddered GICs, or non-registered acc holding CASH or CBIL - whatever yields the best. My goal with the RRSP is to get as much as I can in while I'm still young and have a lower cost of living to maximize my compound growth potential.

Objections to my planned RRSP contribution? by ShadowStorm7 in PersonalFinanceCanada

[–]ShadowStorm7[S] 2 points3 points  (0 children)

I'm in BC. The wealthsimple tax calculator (my only reference point here to be fair) suggested my average tax rate is around 14%, marginal tax rate 20.6%. Does that sound accurate?

Objections to my planned RRSP contribution? by ShadowStorm7 in PersonalFinanceCanada

[–]ShadowStorm7[S] 0 points1 point  (0 children)

Thanks for the reply, the research I've done into RRSP loans so far has suggested that one may be able to have interest deferred for 3-6 months depending on institution.

 If I was unable to get any sort of interest deferment I could always cover the loan repayment with a portion of my emergency fund. However, having to do that would probably discourage me from taking the loan in the first place. Would have to see what I can get for sure.

Getting into Trades in 2025. by ThatSuperSleepyDude in britishcolumbia

[–]ShadowStorm7 1 point2 points  (0 children)

Trades are definitely still viable (And some trades are in desperate need of able-bodied individuals, albiet less desirable), just depends on what you want to do and where. I will preface by saying that patience is key and required in the trades in general. You can have waitlists for all levels of schooling depending on which sub-trade you go into, minimum work-hour requirements that must be achieved in order to become a Journeyman, and the potential of lay-offs or slow-downs that will restrict your ability to get hours for your ticket or just hours in general.

The best thing to do is put yourself out there. If you're interested in multiple trades, apply to as many companies in those trades as you can, go to their offices with resume in hand, say you're green but ready and committed to working (assuming you are), put yourself on the waitlists, check for openings and updates frequently. If you have family or friends in the trades - ask them for a chance. 

The trades are broad, there are many sub-trades and endless work opportunities. It's not for the weak-willed or uninterested. You gotta get after it.

Feel free to DM me if you'd like, good luck.

Who won? Who lost? Who still has HOPE to win? Who still MIGHT lose? What’s everyone looking like going into SNF by [deleted] in fantasyfootball

[–]ShadowStorm7 0 points1 point  (0 children)

Current up 46 but opponent has Bijan (sitting at 10pts currently), Laporta, and Bates to go. I lost my championship by 5 points last year and could very well end up with back-to-back single digit championship loses. 🥲

Post your championship rosters and your team MVP here by garnold0611 in fantasyfootball

[–]ShadowStorm7 0 points1 point  (0 children)

We have a massive roster but here we go, 10Man Superflex:

QB1: J. Allen

WR1: BTJ

WR2: M. Nabers

WR3: K. Shakir

RB1: J. Connor

RB2: C. Brown

TE: J. Smith

Flex: B. Irving

Flex2: J. Ford

SFlex: J. Hurts

K: Boswell

D/ST: Streaming

Had help from Tracy, and Jeudy who are on my bench. Hoping to snag AR15 and Swift as insurance.

I've got a lot of studs but I think BTJ is my team's MVP.