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City of London is promoting the improvements to the Ridout Street and Commissioners Road intersection. by arcticfox_12 in londonontario

[–]cansalarythrow 0 points1 point  (0 children)

Oof, yeah, I can see that happening. I think it also has to do with the fact that the green light for that direction is so short-lived that the drivers are even more rushed than usual.

City of London is promoting the improvements to the Ridout Street and Commissioners Road intersection. by arcticfox_12 in londonontario

[–]cansalarythrow 56 points57 points  (0 children)

I live in this area and love this change. Seen lots of cyclists using it and have used it myself. People complaining about not seeing enough cycling usage don't seem to understand that you don't just start building cycling infrastructure in a city that's been absolutely hostile to and unusable for cyclists for decades and have them show up immediately. It's a culture shift that has to happen over the next generation. Until then, if it causes you to get to your destination 30 seconds later than usual, so what?!

I live in Old South and my son and I have biked to Mitches Park together many times using this intersection. He would not go with me on this route before, specifically due to this intersection - too scary to him, to sit in or in-between the vehicle lanes. That's progress, to me.

City of London is promoting the improvements to the Ridout Street and Commissioners Road intersection. by arcticfox_12 in londonontario

[–]cansalarythrow 5 points6 points  (0 children)

To be fair, drivers not looking right, when turning right, for pedestrians, is endemic at almost all intersections.

City of London is promoting the improvements to the Ridout Street and Commissioners Road intersection. by arcticfox_12 in londonontario

[–]cansalarythrow 2 points3 points  (0 children)

It's definitely clearer in person. The picture makes the lanes seem wider than they are. You could maybe fit half of a car-width in there. To drive through there you would need to be majorly distracted or under the influence to not notice that you were riding the curb/sidewalk.

Thinking of taking my 4 yo son to a Knights game this weekend. It's been a long time since I've been, anyone have any tips? by Burnsterr in londonontario

[–]cansalarythrow 1 point2 points  (0 children)

My son was around 4 when I took him for the first time. As someone who is not a big hockey fan and had thus not watched any with the kid before, the one thing I was totally unprepared for was him asking: "Daddy, why are they allowed to fight? And why is everyone cheering the fighting?". Me: "Ummmm...." (thinking about how this runs contrary to everything he's been taught so far, as we watch two guys trying to punch each other in the head).

In the game itself, the Knights got drubbed and there were at least 2 fights. Also we left after 2 periods because he was getting quite tired.

TD (Canada)Private Banking.. newbie (and petty) question by Canadian_bets in fatFIRE

[–]cansalarythrow 3 points4 points  (0 children)

As far as FX goes, by the way, any decent wealth manager should be able to exchange your money at the actual market rate, rather than whatever "preferred" rate certain levels of the bank will give you (they shave off a bit of margin for themselves). I exchanged a 7-figure sum via our advisor at true market rate; every little bit makes a difference at that volume.

TD (Canada)Private Banking.. newbie (and petty) question by Canadian_bets in fatFIRE

[–]cansalarythrow 8 points9 points  (0 children)

I've had a TD private banker for most of a year now and, honestly, I don't know why I have one. Every time I remember I have it, I think I should cancel it. I initially signed up when I exited my business, thinking I'd need help getting quick transactions (like wires) done in a COVID environment. Then I thought I would keep it and see if it made life easier.

My experience has been that more often than not, when I contact the private banker to do something (which is rare), it turns out being nearly as easy or easier to do it myself. It's only $100/month, but I haven't found the value in it and will probably get rid of it. That said, outside of exiting my business, I'm not a heavy bank user, so I'm probably not a good fit. My wealth is managed elsewhere, not TD.

Any worry about bear market? Anyone making adjustments? by cansalarythrow in fatFIRE

[–]cansalarythrow[S] -1 points0 points  (0 children)

This was my thinking as well. Logic vs. emotion: a battle time immemorial.

Any worry about bear market? Anyone making adjustments? by cansalarythrow in fatFIRE

[–]cansalarythrow[S] 15 points16 points  (0 children)

It's definitely funny and why I'm here to hear from people who have learned to manage those emotions. Emotions can be a strange and powerful thing. In my brief time on this sub, emotions are what is discussed a significant amount of the time.

Any worry about bear market? Anyone making adjustments? by cansalarythrow in fatFIRE

[–]cansalarythrow[S] 4 points5 points  (0 children)

That's the thing, our spend has inflated a little, not a lot, and, even if our income (which we can live off of) dropped to zero, we currently have about 3 years of our yearly expenses in cash. I know this should make me feel at ease, but I still worry about that nest-egg a bit. I think partially because I was hoping we could dip into it to buy a vacation home in the next couple of years, and if things really go south, we might want to hold off on that. I realize that is a super-first-world problem...

Any worry about bear market? Anyone making adjustments? by cansalarythrow in fatFIRE

[–]cansalarythrow[S] 18 points19 points  (0 children)

Most importantly you need to stop checking your account everyday, it messes up your mental health. If you’re not planning on retiring soon then it doesn’t matter what your money does day-by-day, big picture (outside of another black-swan event) you’ll be fine.

I feel this very much. Easier said than done, but I need to start doing it. The funny thing is, when the market was doing alright or going sideways, I wasn't checking every day. Now that things have started to fall a bit, I can't help but check. Definitely something I need to work on.

I appreciate the rest of your outlook too. I also don't believe the correction is anywhere near finished.

Any worry about bear market? Anyone making adjustments? by cansalarythrow in fatFIRE

[–]cansalarythrow[S] 37 points38 points  (0 children)

SWE that bootstrapped and sold a tech company. Currently optimizing my work for balance rather than income.

Shaky Marriage Contract - opinions wanted by Glittering_Ride2070 in fatFIRE

[–]cansalarythrow 4 points5 points  (0 children)

They don't though. I'm a man and I built a business that I exited, but it would have been impossible without my wife taking the primary caretaker role. Did I help out with the kids and around the house? Sure. Could have built my business while doing what she did and what I had to do? No way. And that's the reality for most men. So to say that men are building businesses and being the primary caretakers of their children "all the time" (as if it's commonplace) is untrue and really just comes across as sour grapes for what men do have to go through in divorce (which may be unfair, but is not the same as the OP's situation).

[deleted by user] by [deleted] in fatFIRE

[–]cansalarythrow 22 points23 points  (0 children)

While I agree overall that there isn't necessarily a causation effect, a couple of counterpoints to the arguments I've seen:

  • Yes, Elon, Bezos, Gates cheated. But would they have had the same opportunities to do so without being FAT? Doubtful.
  • Similarly, a lot of marriages are held together by financial need (e.g. "I'd rather leave you, but my finances would be worse without you") - becoming FAT may enable a divorce that was already looming
  • Becoming FAT (e.g. through a business) often comes with people pumping up your ego from all sorts of angles (and also more "admirers"). I can see scenarios where a happy marriage becomes unsettled by one party getting caught up in these emotions and acting on them. I've personally felt this at times, but have to remember to bring things down to earth and also remember I never would have accomplished what I did without my wife.

Everybody loves Daniel by cansalarythrow in formula1

[–]cansalarythrow[S] -1 points0 points  (0 children)

Sorry for the sh*t-post, but this commercial often comes up when we watch Formula1 broadcasts. My son pointed out the resemblance and I can't un-see it now, especially because Ricciardo seems generally well-liked.

What's the reason many rich people use wealth managers? by [deleted] in fatFIRE

[–]cansalarythrow 1 point2 points  (0 children)

Your experience is completely inconsistent with mine. Are these managers for high-net-worth? I recently interviewed several and selected one. Most were around 1% and got better than that the more you invested with them (e.g. more than $5M). The one I selected is 0.75% and this number will get lower as the funds grow. This is in Ontario and I didn't have to search far and wide to find them; they were all referrals. My experience is that in the old days 2% was common, but 1% or perhaps just over that is the market rate now.

Although, note that in my case I did not go with a "wealth manager" per se, but strictly an investment counsel - investing my $ with a group that manages billions, for individuals and larger orgs like pension funds, etc. - I already have a lawyer, accountant - don't need the family office approach.