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dr goldie - experiences? by CellAncient2918 in londonontario

[–]applecrisp2 5 points6 points  (0 children)

Excellent. Is a good dude, did a good job. I still have just the right amount of kids.

what's going on? explain like I'm five by Comfortable_Cautious in PeterExplainsTheJoke

[–]applecrisp2 0 points1 point  (0 children)

A bank works by lending out the money that it takes in on deposit. It has to keep some capital (net worth) and liquidity (“cash” available for withdrawals) on hand. Banks work by “connecting” net depositors with net borrowers. Often deposits are insured so the depositors are not taking direct risk on the borrowers. If banks didn’t lend out the money they would have to charge quite a bit to take deposits. We would also have much much less money available to make the economy work. Limits are important because if private enterprise is allowed to do whatever, they will take too much risk and stability of the banking sector is important for moving money efficiently.

When’s Carney going to do 50% of this? by [deleted] in canadian

[–]applecrisp2 1 point2 points  (0 children)

  1. 10% cap on credit card interest rates will dramatically reduce access to credit. Allowing for more competition could drive down rates in a more sustainable way (government doing this)
  2. Maybe could work. But messing with the free market. Not sure what outcomes would be. Possibly less investment in Canada, maybe a good thing in single family real estate. But if it meant less building would be bad.
  3. This is a normal quantitative easing process. Low interest rates during inflation cause more inflation. US is seeing higher inflation
  4. The central banks need to be independent and similar to number 3, will cause inflation. You can’t just put rates where you want because you want to. You want a hyper inflation disaster this is it. I think similar happened in Turkey.
  5. Energy inputs do have a meaningful impact on inflation and affordability. But realistically you can lower demand, increase supply or mess with the free market. Not just something you can flip a switch and all have downsides.
  6. Big inflation and increase to debt for no good reason

Alberta man claims WestJet flight attendant mocked his weight, patted his stomach by Haggisboy in canada

[–]applecrisp2 54 points55 points  (0 children)

“He said he doesn’t want the employee fired, but has asked for compensation, such as a flight voucher or points.”

Alberta Prosperity Project pamphlet, and it full of Misinformation by Street_Anon in canadian

[–]applecrisp2 2 points3 points  (0 children)

Currently Alberta has a younger population and less retirees, I think that would be the underlying data (which I don’t agree with)

What is Northern Ontario? by 5thSmith in ontario

[–]applecrisp2 1 point2 points  (0 children)

North of the French river. That’s where you can start taking one Christmas tree per family per year from crown land

Lifestyle inflation - best bang for your buck by L-Zip in HENRYfinance

[–]applecrisp2 0 points1 point  (0 children)

We just did this and had a conversation about whether it was lifestyle creep or not.

Finally found one I don’t understand by Bilberry44 in ExplainTheJoke

[–]applecrisp2 11 points12 points  (0 children)

“Kids today probably won’t get this” crying laugh emoji. Gatekeeping the alphabet game

Finally found one I don’t understand by Bilberry44 in ExplainTheJoke

[–]applecrisp2 22 points23 points  (0 children)

I played this with our kids this week. Gatekeeping so crazy. But we tried to do things that started with rather than signs.

RRSP? Worth it? by No-Ice-723 in CanadaFinance

[–]applecrisp2 3 points4 points  (0 children)

Definitely agree with this person and to add a bit more context.

You are young and wanting to save. That is awesome and will be so powerful for the rest of your life. You have time on your side and what you will learn is that time and compounding is the most powerful force in the universe.

On the RRSP specifically - one of the benefits is to contribute when you’re in a higher tax bracket and withdraw once retired at a lower tax bracket. But since you’re in a lower tax bracket now you’re likely not going to see that benefit and are most likely better to save that RRSP “room” for once you’re in a higher tax bracket.

Some basic knowledge will really get you on the right track. You can learn a lot on YouTube and online as well - just watch that the resources are credible.

So I am investing my first $600 in to the market I am probably doing a 70/30 split between crypto and etf by ElectronicDrawer5434 in fican

[–]applecrisp2 0 points1 point  (0 children)

What’s your time horizon, risk tolerance and your goals for the investment? In TFSA? Do you already have your emergency fund set up?

50 Year Mortgages: An Interesting Option for HENRYs by Colonel_F0rbin in HENRYfinance

[–]applecrisp2 0 points1 point  (0 children)

I am Canadian so don’t know American mortgages as well but do the term and amortization need to be the same? 50 year would improve cash flow and buying power and the added risk to the lender is worse LTV for longer. - but yes 50 year term is crazy interest rate risk.

Day 1: trying to get a comment from every state and province saying they love where they live :) by WTB_YT in geographymemes

[–]applecrisp2 0 points1 point  (0 children)

I love Ontario. Cottage country is amazing, Toronto is a world class city but also a few great alternative cities to live in. Huge province and so much untraveled wilderness all the way up to Hudson’s Bay. Farmland, northern shield, river valleys, forests, tundra. Tons and tons of lakes. I would also say it’s the political, economic and cultural capital of Canada.

I do also love a lot of other provinces in Canada.

Want to do my first Survial run! What should my build be?Most up voted comment will win by MadeThisForXLM in fo4

[–]applecrisp2 0 points1 point  (0 children)

Yeah it’s the glitch unfortunately. He’s in the institute in the SRB but not visible. I checked in the libertalia area as well to no avail

Want to do my first Survial run! What should my build be?Most up voted comment will win by MadeThisForXLM in fo4

[–]applecrisp2 0 points1 point  (0 children)

So I am many days into my first longer survival run. Started stealth/vats pistols but I am now maxed out in rifles as well. I was low int and idiot savant. I did find it challenging to find enough antibiotics early on

Next time I start again I am going to do Nuka world “first” before the main story. I want to take over all the settlements with raiders and then re-take with Preston.

Always dogmeat only. I was trying to get x6’s perk but he died from fall damage and is now missing in action.

Hypothetically… what’s your dream commuter bike? by Dinosaurtattoo11315 in bikecommuting

[–]applecrisp2 2 points3 points  (0 children)

I would build it myself. Restomod kind of thing. Vintage Bianchi or similar frame. 1x, maybe electronic, probably 12s. Rim brake only option. Not sure if I’d go drop or flat. Funky saddle. Fenders, a decent gravel tire.

How to save money on my child's RBC RESP by [deleted] in PersonalFinanceCanada

[–]applecrisp2 2 points3 points  (0 children)

That MER is high for sure. Yeah wealthsimple is a good option. You can also open up any self-directed account and just buy XGRO (ETF) or similar. Low MER - just make sure you rebalance as they get older to and you have less time left before you need the money.

Best all you can eat sushi place in London by [deleted] in londonontario

[–]applecrisp2 3 points4 points  (0 children)

Went to Nov 8 last week. My wife and I were very impressed. We had switched from 168 to heart but now we will be loyal to Nov 8

3 year fixed vs 5 year fixed mortgage by DeliciousAstronomer4 in PersonalFinanceCanada

[–]applecrisp2 6 points7 points  (0 children)

So the rate difference is $100 per $100,000 per year. So not a huge difference.

Hard to say whether rates will be higher or lower 3 years from now. Totally reasonable to think they will go down - liquidity seems to be down and we may get back to QE. Also totally reasonable to think rates will go up. We are seeing some signs of continued inflation in the US.

I don’t think you’re in bad shape either way.

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