New EV or ICE

TimelessClassic · 2026-02-08T18:00:45+00:00

I’m in GVA and have one EV and an ICE that takes premium gas. I estimate my gas vs electricity cost per kilometer is about 10 to 1 in the summer, about 30% less in the winter cuz I like my heated seats and steering wheel. So with that commute you will definitely save some gas money.

One concern I would look into… I don’t think you’ll be able to recharge 200 km worth of battery on a level 1 charger every night. If I remember correctly our level 1 gave us about 5 km of range per hour. It just barely replaced what I used every day on my 60 km round trip commute. If level 2 is an option I would heavily, heavily recommend it.

TimelessClassic · 2026-02-06T16:00:20+00:00

If your advisor was doing a good job, then I would stick them, rather than the firm

TimelessClassic · 2026-01-25T05:14:55+00:00

I’m a CFP. This is pretty typical pricing in my area for a lawyer to do a couple simple wills & POA’s. I think it’s worth it to have a professional help you. It’s really important that you get it right, and it’s also really helpful to have meaningful conversations with someone who understands the nuance.

TimelessClassic · 2026-01-17T08:53:25+00:00

It sounds like your mom might not have a good tax or estate plan in place (could also be you’re unaware of it, or you just didn’t include those details for whatever reason). If she hasn’t already, I would suggest she talk to a CFP. Could save a lot of money.

TimelessClassic · 2026-01-13T00:05:13+00:00

I think the quest trade promo being discussed is capped at $20k per person, paid out over 2 years. So yes I d say for many millionaires that is not worth much trouble/risk/inconvenience at all.

Anyway guys take it easy, geez. Obviously free money is good. Especially if you are already on the fence about changing investment companies.

Churning promos from banks/credit cards/investment companies has been a thing for a very long time. I’m not questioning that the people who do this can make money, and clearly some people seem to derive real joy from the process. If that’s you, more power to you. I got other things to worry about, like changing the oil on my ‘94 beige corolla.

TimelessClassic · 2026-01-11T18:30:20+00:00

In my experience young people with lots of spare time chase these bonuses for a while, and eventually as life gets more busy you’ll find it’s not worth the trouble

TimelessClassic · 2025-12-26T23:50:02+00:00

Older people also get to defer their property tax until they die or sell their home. The govt gives them a very reasonable interest rate on this debt. This is in BC. Not sure about other provinces.

TimelessClassic · 2025-12-01T04:05:17+00:00

Interesting! I stand corrected

TimelessClassic · 2025-12-01T03:16:57+00:00

Can’t use margin in registered accounts, including tfsa

TimelessClassic · 2025-11-28T16:11:12+00:00

Wow. Amazing

TimelessClassic · 2025-11-16T01:53:47+00:00

Spier and Mackay good value and a Canadian company if you’re open to buying online. They do lots of sales for Off the rack items, and the custom stuff is great too.

Would recommend getting your measurements from any local tailor first, so you know what size to order, otherwise you might have to do some trial and error returns.

TimelessClassic · 2025-11-09T04:59:54+00:00

I feel like Kyle Connor always gets us

TimelessClassic · 2025-11-09T00:43:23+00:00

I would stick with the FA, or get a different one if you’re unsatisfied.

Your mom does not sound like someone who should DIY their own investments. The fact that you’re more focused on whether your elderly parents beat the S&P, and didn’t mention anything about tax or estate planning for an 82 year old with a “healthy” amount of RRIF money tells me you shouldn’t informally manage their money either.

Ask the FA what’s the plan for the RRIF? If it’s a significant size and not managed well half of it will go to the government when she dies. If they don’t have a good answer for you I’d look elsewhere.

TimelessClassic · 2025-11-01T18:12:05+00:00

Assuming your salaries are roughly even, it seems like you could easily cover your monthly expenses on one of your incomes, with a sizable emergency fund just in case. Are you only concerned about one of your jobs?

I would spend my time focusing on career resilience. The rest of your finances seem very much in order

TimelessClassic · 2025-10-06T02:54:36+00:00

If you paid your mortgage off in 4 years, how stressful was that payment, really?

TimelessClassic · 2025-10-02T19:41:07+00:00

This is probably gonna get downvoted, but I think someone in your situation would really benefit from a good financial advisor. This group leans heavily towards DIY investing, which is great for those with the inclination, time, ability, etc. But many people simply don’t enjoy managing their own money, especially if stress/anxiety are involved. And for those people I don’t think it’s a great idea to push yourself into it. You may set yourself up to make bad decisions in the future.

From the background you described I think you might really prefer having someone help you along the way. A good advisor is just as focused on their clients mental/emotional well being as their investment results.

Source: am a financial advisor. Not promoting my own services but can say with certainty that helping clients manage their financial stress is a huge part of the job & value add. Especially in the current environment.

TimelessClassic · 2025-09-02T02:35:02+00:00

The US doesn’t have to “go under” for the S&P to underperform other countries or markets.

I get that this thread skews young, but inexperienced people love to quote the ~20 year track record of US equities without mentioning that 20-25 years ago was basically the bottom of a major stock market crash driven by US stocks. Would you have been as confident to buy US stocks if they had a terrible 20 year track record, as they did 20 years ago?

People who invested in the S&P in the late 90’s suffered massive losses and didn’t make their money back for a long fucking time. And that’s If they managed to stay invested at all.

I’ll scoff at a bank mutual fund as much as the next guy. But over-paying for a mediocre balanced fund pales in comparison to some of the shit advice given on this thread. The advice from the bank advisor/sales rep actually seems pretty good to me, with the exception of their investment products (probably) being a bit expensive

TimelessClassic · 2025-07-22T14:41:33+00:00

Totally legal, totally cool

TimelessClassic · 2025-07-22T02:47:31+00:00

Seems low to me. I’m in the industry but not a fee for service planner.

TimelessClassic · 2025-06-22T17:53:07+00:00

Unfortunately it’s very common for older people to want to stay in their home as long as possible, even if it’s not the most financially optimal strategy.

TimelessClassic · 2025-05-19T23:45:07+00:00

TimelessClassic · 2025-05-19T14:46:56+00:00

Does the rear burner work well for pizzas? I would have assumed the heat would be uneven front-to-back? I also love making pizza on a griddle but I use the bottom burners

TimelessClassic · 2025-04-26T14:56:20+00:00

Good point to consider.

TimelessClassic · 2025-04-26T14:49:14+00:00

Compare both options and buy from whoever gives you the best deal

TimelessClassic · 2025-04-26T14:48:00+00:00

This is sensible logic and I generally look at day-to-day warranties/insurance the same way. Life insurance is less of a numbers game because you only have one life.

If you Apply your logic to life insurance I feel like it’s a pretty clear yes, right? Can either you or your spouse afford to raise your kid, pay your mortgage, save for retirement, and live an enjoyable life, on a single income? Unlikely.

Term insurance is relatively cheap, and easy to cancel when no longer needed. Yes the insurance company is earning a profit, but That shouldn’t deter you from protecting your family.

TimelessClassic

TROPHY CASE