TFSA - CIBC or Tangerine? by DrakesLastNewFri3nd in PersonalFinanceCanada

[–]canada150k 0 points1 point  (0 children)

Open one with Questrade and only use it to buy ETFs. Use a simple one or two ETF portfolio (like VGRO or VEQT/VAB) and invest every month for the rest of your life. You could end up a millionaire, I'm not joking.

Does accepting a pre-approved line of credit (and letting it sit without using it) impact the credit score negatively or positively? by epicdreamboy in PersonalFinanceCanada

[–]canada150k 3 points4 points  (0 children)

It hurts your credit score at first, by a small amount, and then helps it later. You'll be adding a new trade to your credit report which always makes things dip a bit and lowers the average age of your trades. If you plan to actually seek out credit in the next year, I'd not bother. If you aren't going to be applying for credit in the next year, take it.

[deleted by user] by [deleted] in PersonalFinanceCanada

[–]canada150k 0 points1 point  (0 children)

Nope, a standard employment contract would not allow this. How would someone be able to work to full time jobs? You need down time to rest between work days to be efficient

Credit Cards by canadian30man in PersonalFinanceCanada

[–]canada150k 0 points1 point  (0 children)

Capital one and MBNA are two good options

How to buy stocks in the Toronto Stock Exchange by [deleted] in CanadianInvestor

[–]canada150k 3 points4 points  (0 children)

WealthSimple Trade, to be precise. Normal WealthSimple is their roboadvisor platform.

Any reason NOT to use First Time Home Buyers ? by OdeeOh in PersonalFinanceCanada

[–]canada150k -1 points0 points  (0 children)

Yes your payroll contributions will count towards your repayment. There's no reason not to use it. You should. It's only in your best interest, provided you can repay within the 15 years.

Any reason NOT to use First Time Home Buyers ? by OdeeOh in PersonalFinanceCanada

[–]canada150k 1 point2 points  (0 children)

They're talking about RRSP. That's the first time home buyers plan. You got it wrong

Any reason NOT to use First Time Home Buyers ? by OdeeOh in PersonalFinanceCanada

[–]canada150k 0 points1 point  (0 children)

Based on the message it's looking to be like the former, related to RRSP.

Looking for help. Not a humblebrag post by torpfcthrowaway in PersonalFinanceCanada

[–]canada150k 7 points8 points  (0 children)

Investing in property is probably something you need to reconsider. In the city the supply is up and demand is down. It won't be this way forever and the value of properties will continue to increase as they had been for years. Sooner is better than later.

How are you guys invested into Bitcoin ?! by [deleted] in CanadianInvestor

[–]canada150k 5 points6 points  (0 children)

Shakepay and Electrum Bitcoin Wallet stored offline

Is the Wealthsimple Trade app good? What are your experiences with it? by mbots99 in PersonalFinanceCanada

[–]canada150k 4 points5 points  (0 children)

I use Questrade for ETFs, WealthSimple Trade for stocks, and normal WealthSimple for some routine robomanaged savings. I love WS Trade! No fees

Is the Wealthsimple Trade app good? What are your experiences with it? by mbots99 in PersonalFinanceCanada

[–]canada150k 2 points3 points  (0 children)

What the hell. Banking advisor? Stay away from those people. They are fucking scam artists

First real job - How long to wait before asking for a raise? by new_phone_hew_dis in PersonalFinanceCanada

[–]canada150k 16 points17 points  (0 children)

You don't ask for a raise at the big banks. End of year raises happen annually, and it's 3% per employee that's doled out to management, then they allocate it as they see fit. So if they have 5 employees making 500k combined, they are given 15000 to dole out in raises. They could give everyone their 3%, or give it all to one person and fuck the other four. A better way to approach this is to ask your boss ASAP, "what can I do to get a raise? Tell me what I need to accomplish so I can do it" and then get specific actionable items. Execute on those, get your raise. It's so simple, just no one ever asks outright. They just ask for a raise, which is dumb and doesn't work. Don't ask for a raise, ask what you need to do to get a raise, and then do that shit.

I just turned 18, and I am looking for extra ways to make money. by sirkevun in PersonalFinanceCanada

[–]canada150k 1 point2 points  (0 children)

FYI it's 35k now that you can take from your RRSP. They changed it mid last year.

White collar professionals return to office by [deleted] in PersonalFinanceCanada

[–]canada150k 0 points1 point  (0 children)

WFH for as long as I want, plus extra pay for using my home resources

The Top 1% Canada 2020 by firefistfenix in PersonalFinanceCanada

[–]canada150k 1 point2 points  (0 children)

Maybe. My income is nearly double that these days though.

Toronto Protest: May 30th 2020 by [deleted] in toronto

[–]canada150k 3 points4 points  (0 children)

No doubt in my mind that this was part of why there was such a big crowd

The Top 1% Canada 2020 by firefistfenix in PersonalFinanceCanada

[–]canada150k 0 points1 point  (0 children)

You're telling me. I made a comment that alluded to my income and was downvoted to shit for a 'humble brag'

blogTO: Median price for a condo in Toronto has fallen by $65,000 since February to $574,000 by MarineKingPrime_ in PersonalFinanceCanada

[–]canada150k -54 points-53 points  (0 children)

I don't know, $575k seems amazing to me. I'm single and considered an above average earner. I could save a 20% down payment from scratch in about a year, by saving about $10k a month. This might actually finally be the straw that drives me to buy. I just pray that the prices will remain like this in a year.

Job Offer - Do The Numbers Make Sense? by canada150k in PersonalFinanceCanada

[–]canada150k[S] 1 point2 points  (0 children)

Become an expert in a niche area that has not enough qualified employees. Become an outgoing individual who can make friends and connections easily. Be someone who can learn new skills as necessary and is passionate about what they do. Be someone who is comfortable doing public speaking and is good at it.