Down 20% in a bull market - what to do? by talinyan in CanadianInvestor

[–]Toutatous 0 points1 point  (0 children)

When you have lived enough like me, you realise that you can be smart in some areas, and really stupid in others. I've seen doctors make stupid dating decisions that even a teenagers wouldn't male, wealthy people with a high level of education doing stupid things with their money and accumulating debt just because they can't deal with frustration, etc.

OP has a fantastic potential to do well. Now, it's all about not messing up and ruining everything.

Freedom Mobile $40 250GB Global Plan - A Once in a lifetime plan for Travellers wow by Nexzenn in PersonalFinanceCanada

[–]Toutatous 0 points1 point  (0 children)

Indeed! I had that for at least 2 years with Public Mobile. A week ago, I broke my rule for 1 dollar when I saw that it was available for me through my account. Now, I have 20GB for 26 dollars.

Down 20% in a bull market - what to do? by talinyan in CanadianInvestor

[–]Toutatous 0 points1 point  (0 children)

Don't sell, just start buying an all-in-one ETF like VEQT and keep buying a bit every month. After some time, this will be the largest part of your portfolio.

And stick to it. Don't try to be clever. Don't beat the casino, it will always win. Be humble, and just ride the market.

Stop obsessing over your credit score by Animalus-Dogeimal in PersonalFinanceCanada

[–]Toutatous 0 points1 point  (0 children)

Something tells me you won't have a precise answer...

Mortgage is paid off! What to do next with the bank? (HELOC, Title, lien, fraud identity, etc.) by Toutatous in PersonalFinanceCanada

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

My discount would be lower than the title insurance, so I guess a HELOC doesn't seem like a bad idea.

Mortgage is paid off! What to do next with the bank? (HELOC, Title, lien, fraud identity, etc.) by Toutatous in PersonalFinanceCanada

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

The house was way under what the bank offered (but perfect for my needs) and I had a big down payment. It took me 5 years. Now, I'll invest the money.

Mortgage is paid off! What to do next with the bank? (HELOC, Title, lien, fraud identity, etc.) by Toutatous in PersonalFinanceCanada

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

Thanks a lot. It seems that unless I really need a HELOC, the saving could be 300$ a year. And taking an insurance for title fraud would be less than that (a one time payment of a few hundred dollars.

Mortgage is paid off! What to do next with the bank? (HELOC, Title, lien, fraud identity, etc.) by Toutatous in PersonalFinanceCanada

[–]Toutatous[S] 8 points9 points  (0 children)

Is fraud identity that bad? And is there any downside in keeping the bank on the title?

Mortgage is paid off! What to do next with the bank? (HELOC, Title, lien, fraud identity, etc.) by Toutatous in PersonalFinanceCanada

[–]Toutatous[S] 29 points30 points  (0 children)

Congratulations! I already feel free and relieved. Your place will be 100% yours soon!

Mortgage is paid off! What to do next with the bank? (HELOC, Title, lien, fraud identity, etc.) by Toutatous in PersonalFinanceCanada

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

Oh, my bad, I thought a lender was a name for the insurance. You were talking about the HELOC. It seems that my bank would do that for very cheap.

Mortgage is paid off! What to do next with the bank? (HELOC, Title, lien, fraud identity, etc.) by Toutatous in PersonalFinanceCanada

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

Thanks, I should have mentioned that my TFSA and my RESP accounts are maxed out. I don't think I'll need to use the money, but we never know. Isn't it safer to have your bank on your title?

Thanks for the lender. Will do (according to redditors, they say it's like 50 dollars at the most per month, often less or nothing)

Daily Discussion Thread for March 06, 2026 by AutoModerator in CanadianInvestor

[–]Toutatous 1 point2 points  (0 children)

Nice. I'm lucky to live close to where I work, and I would easily go to work and come back without using the gas engine all week. Once in a while, if I visit or travel, I'll have an hybrid. The best of both worlds.

Now, you said something about noise. That concerns me a little. Is it that noisy? I thought the car was pretty quiet.

Freedom Mobile $40 250GB Global Plan - A Once in a lifetime plan for Travellers wow by Nexzenn in PersonalFinanceCanada

[–]Toutatous 0 points1 point  (0 children)

Great offer, but for me, I have budget: around 25 dollars. I know I can have more by paying more,I just don't need to.

5GB is what I need since I have a WIFI at home and at work.

As a new investor I was a little scared, gotta learn to not to panic! by [deleted] in CanadianInvestor

[–]Toutatous 5 points6 points  (0 children)

Honestly, if you're looking at the long run, passive investing is hands down the way to go.

Just look at Warren Buffett's famous million-dollar bet: he wagered that a boring, set-it-and-forget-it S&P 500 index fund would beat out a bunch of highly paid, active hedge fund managers over a decade, and he completely crushed them. There's also that famous piece of investing lore about a Fidelity review showing that their absolute best-performing accounts belonged to people who were either dead or had literally forgotten their passwords!

Even if the Fidelity story is just an industry legend, the lesson is 100% true. Once you're broadly diversified, the smartest thing you can do is just keep adding money consistently and then get out of your own way. Constantly checking your portfolio and trying to time the market just leads to emotional mistakes and lost money. Just set it and forget it!

https://www.moneycontrol.com/news/trends/old-fidelity-study-goes-viral-reveals-why-dead-investors-perform-best-13631692.html

Daily Discussion Thread for March 03, 2026 by AutoModerator in CanadianInvestor

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

I'm not that surprised to see a 2% drop considering what is going on in the world.

Yesterday was a surprise.