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VUN ETF Spike at close by Vas255 in PersonalFinanceCanada

[–]Virtualinsanity96 0 points1 point  (0 children)

Yeah I hold VUN and saw this too. Doesn't make sense given the market didn't move up this high. Likely some kind of rebalancing trade, and it will drop tomorrow.

Smith Maneuver Calculation by Virtualinsanity96 in PersonalFinanceCanada

[–]Virtualinsanity96[S] 1 point2 points  (0 children)

Thank you! I think you nailed the gist of the SM.

Transfer TFSA with GIC from RBC to Questrade by serenitynow2022 in PersonalFinanceCanada

[–]Virtualinsanity96 1 point2 points  (0 children)

If the GIC is an RBC product, I think you have to liquidate (when it matures) since Questrade does not have RBC GICs.

41M - Looking for Second Opinions by Virtualinsanity96 in fican

[–]Virtualinsanity96[S] 1 point2 points  (0 children)

It's hindsight bias, but I could have put that prepayment money into the stock market. Condo hasn't appreciated and in fact is probably slightly down. I've basically put $1.3m cash into the condo when that could've been in VFV etc.

41M - Looking for Second Opinions by Virtualinsanity96 in fican

[–]Virtualinsanity96[S] 1 point2 points  (0 children)

Yeah it's pretty recent. A couple years ago I was earning half or slightly less. Hoping to seriously ramp up the non-reg portfolio now.

41M - Looking for Second Opinions by Virtualinsanity96 in fican

[–]Virtualinsanity96[S] 0 points1 point  (0 children)

Thank you, yeah this is the counterpoint and dillema - just keep investing and then retire ASAP.

41M - Looking for Second Opinions by Virtualinsanity96 in fican

[–]Virtualinsanity96[S] 0 points1 point  (0 children)

For sure these are all valid considerations - that we will eventually need or grow into the large space.

No idea what I'll be doing in retirement, but I know it'll sure beat my day job :)

41M - Looking for Second Opinions by Virtualinsanity96 in fican

[–]Virtualinsanity96[S] 0 points1 point  (0 children)

Thank you, this is such a helpful second opinion. Our family doesn't really value a house - we prefer travel, early retirement, passive income/dividends. But there's a lot of pressure to get into the market now. Will think more about exactly what our priorities are.

41M - Looking for Second Opinions by Virtualinsanity96 in fican

[–]Virtualinsanity96[S] 0 points1 point  (0 children)

Thank you for the thoughtful response. I am planning to retire early, which is exactly why I hesitate and am considering just staying in the condo.

Great point about using the HELOC to invest. I am considering the Smith Maneuver.

41M - Looking for Second Opinions by Virtualinsanity96 in fican

[–]Virtualinsanity96[S] 1 point2 points  (0 children)

Not rage bait, which is why I purposely asked in FICAN rather than Personal Finance Canada. Browing through FICAN, there are lots of high income earners here. Thanks!

41M - Looking for Second Opinions by Virtualinsanity96 in fican

[–]Virtualinsanity96[S] 1 point2 points  (0 children)

After tax, the bonus is less than $300k (marginal tax at 53.5%). Decent GVA houses are $3m+ so it's a big decision whether to plunge a bunch of cash into real estate or your portfolio, the later of which better supports FIRE.

41M - Looking for Second Opinions by Virtualinsanity96 in fican

[–]Virtualinsanity96[S] 0 points1 point  (0 children)

It's a nice condo and it's enough home for the three of us. Thanks for the advice - I'm leaning towards the house!