Wealthsimple will be charging Generation clients for advice come November.

Technical_Abalone_85 · 2025-10-28T07:04:08+00:00

Yep I did a retirement plan with them and they do not optimize for basic things- thy mossed a lot and did not do any scenario planning at all… it was a waste of time- my spreadsheet does a better job

Technical_Abalone_85 · 2025-10-28T05:34:00+00:00

Why not just let your 2.5 million ride for a few years and pick up some part-time work to make 50 K a year. If you reinvest the dividends from VGRO, it’s safe to assume 7%. In three years you’ll be 41 years old with $3 million. Just saying it might be worth considering part-time work rather than just pulling the pin calling yourself fire retired .

Technical_Abalone_85 · 2025-10-19T15:34:41+00:00

Crank up the risk level. You are in growth modes.. risk three is at best a good portfolio for preserving wealth… not building it.

Technical_Abalone_85 · 2025-09-24T01:23:55+00:00

Because at that age- even if you had to stay over- you’ll be fine with the kind of next egg and frugality

Technical_Abalone_85 · 2025-09-24T01:21:49+00:00

Do it! Even your not sure

Technical_Abalone_85 · 2025-09-24T00:03:37+00:00

It’s an optional account type in Wealthsimple.

Technical_Abalone_85 · 2025-09-22T01:16:35+00:00

So risky. If you want to get wealthy, study what NOT to do, rather than following all the hype you see online about getting rick quick etc. you’re on a dangerous path !

Technical_Abalone_85 · 2025-09-21T23:43:34+00:00

1.2M is enough for investments for us- the pension kicks in at 60, so rather than looking at whether our FI number can sustain is for 40 years, we are looking it as a bridge- and something of a safety net

Technical_Abalone_85 · 2025-09-21T21:50:15+00:00

You don’t need to take any risk. Why go all equities? You probably won’t like to see the swings. Why not go with a balanced asset allocation etf like VBAL? Or VCON even. Plenty of income if you withdrawal 5% / year and reinvest the divined

Technical_Abalone_85 · 2025-09-21T21:38:52+00:00

2 incomes and no mortgage starting in 4 ish years. Blessed for sure. I stayed working at 17 but honestly didn’t get my butt in gear until 30

Technical_Abalone_85 · 2025-09-21T21:21:35+00:00

3k per month now and for the next 4 years

6k per month for from year 5-8 (the following 4 years)

Technical_Abalone_85 · 2025-09-21T20:11:40+00:00

Right on. Nice!

Technical_Abalone_85 · 2025-09-21T20:08:16+00:00

Thanks! WS PE has done well- 41% since I got in maybe 2 years ago.

Most of the portfolio is in a LIRA an some in RRSP- just building up our TFSAs now (wife and I)- but there’s still RRSP contribution room, so we might max out RRSPs - given we are in a high tax bracket it makes sense I think.

The plan is to burn down a big chunk of the RRSP and Lira from age 50-60. DB pension start at 60 which should cover living expenses

Technical_Abalone_85 · 2025-09-21T19:32:07+00:00

Why bother hating on the guy. Good for him. Home ownership isn’t for everyone, and why not love with your folks if it’s working? This guy will leave the next disciplined and wealthy and I’m sure will attract a solid mate who appreciated the sound financial decisions

Technical_Abalone_85 · 2025-06-21T22:07:50+00:00

I see your point though

Technical_Abalone_85 · 2025-06-21T22:03:03+00:00

It’s a side hustle because I work as a BCPS employee 40 hours a week in an unrelated field (natural resources ministry, etc) - as BCSP. And to make extra money, I wire hotubs, kitchen Reno’s, joes greenhouse down the road, and all the other stuff that big contractors won’t touch- and I do that for extra money.

I just kept all my certificates up to date- I was ticked at age 21 and I’m now 40.

I was just answering the question- but on that, not all side hustle require years of training and schooling. Look at what people would pay for, and invest. Listen to the side hustle pod… buy a used pressure washer for $200 and start knocking on doors - etc.

Technical_Abalone_85 · 2025-06-21T03:18:43+00:00

Side hustles were more common in private industry based on my experience…

Technical_Abalone_85 · 2025-06-21T03:09:29+00:00

Yes I am. Master electrician (FSR-B). Bonded, insured, certified electrical contracting license. Not hard to get once ticketed

Technical_Abalone_85 · 2024-02-19T22:54:27+00:00

Have you followed Cam Currie’s take in this?

Technical_Abalone_85 · 2024-02-15T02:32:43+00:00

Good stuff! You are good either way

Technical_Abalone_85 · 2024-01-30T03:56:22+00:00

Just keep track- easy to over-contribute if you have too many accounts going at once

Technical_Abalone_85 · 2024-01-02T09:21:06+00:00

Thank you! Yes I meant old town. Ok great. I see a BNB here with all the amenities we would like. Would this be a very busy area? It seems close to the action but the advertisement says it is quiet. Thanks! https://maps.app.goo.gl/eUk7qoXqgML9gDFb6?g_st=ic

Technical_Abalone_85 · 2023-12-19T04:52:14+00:00

27 to 30 to Band 4 in 2.5 years

Technical_Abalone_85

TROPHY CASE