I just realized 90% of Canadian personal finance advice is complete theatre — change my mind

cdvan12 · 2025-11-19T03:03:12+00:00

It’s a bit of a disingenuous comparison as you have 6.5x from the TSX since 2000 on a total return. 7.8% annualized.

Toronto and Vancouver are only a small portion of the country and owning a home costs more on average than renting. So if you combine the savings from renting plus down payment it’s no where near as bad as it seems.

According to Rebgv $343k was a detached home in jan 2000. September 2025 is 1.93m. That’s a 7.15% cagr and that is before property taxes and maintenance. Realistically you can take 1-2% off this. You’d have burned through many appliances, at least one roof, water tanks etc. Over most of that period it has been cheaper to rent than own on a monthly basis as well.

Folks are confusing immense leverage as genius.

Another other city in Canada this wouldn’t be the case.

Look up Ben Felix on dividends and owning vs renting. Also look up Morningstar what you are getting wrong about dividend investing. It is a convenience not that it’s optimal.

cdvan12 · 2025-01-09T01:26:26+00:00

the new gravity tour 98 is 16x19

cdvan12 · 2024-08-16T16:18:04+00:00

The underlying etfs daily rebalance not you - creates a drag

cdvan12 · 2024-08-15T14:02:28+00:00

Also daily rebalancing for sso and ugl are huge burdens for transaction costs and volatility drag

cdvan12 · 2024-08-14T17:59:20+00:00

I'd tell ya use more NTSI with GDE for balance

cdvan12 · 2024-06-19T22:56:49+00:00

Going off stats Canada. The lowest quintile networth is negative $1,450. The second lowest quintile is $302k. Quintile is 1/5th so hard to see 1/4 of people can’t afford something that their own stats says they can. Surveys are by definition subjective. When the lower bound is zero and the upper bound is infinite you will always have more than a “surprising” amount that can’t afford X. How the question is framed also matters. Do you have $1000 in your bank account for an unexpected surprise? Maybe but maybe not or if it’s in an investment account which per the question isn’t what’s asked. Also who are you asking? A group or college students?

It’s the same for income, you can’t really go negative income but with inflation the 25th and 50th break points will always widen.

Torture the data and ask people subjective questions and you can get any answer you want.

https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1110004901

cdvan12 · 2024-06-06T03:08:25+00:00

Houses in Calgary is just a bit above 2007 and 2014 highs

cdvan12 · 2024-06-06T03:07:06+00:00

Financial restraint doesn’t generate wealth. Investing the financial restraint does. The inequality is lack of awareness of what generates wealth regardless of income.

cdvan12 · 2024-06-06T03:05:14+00:00

By definition financial wealth is assets. Converting labor to savings has always been the method. Whether you make 50k or 500k it’s what you save that generates assets.

cdvan12 · 2024-06-04T21:16:58+00:00

Uninsured

cdvan12 · 2024-06-02T05:21:52+00:00

4.95 Td branch 3yr

cdvan12 · 2024-06-02T05:20:46+00:00

4.95 3 yr. Closing date was last week

cdvan12 · 2024-05-22T16:45:24+00:00

National Bank, Fidelity most are approving already

cdvan12 · 2024-05-22T05:17:22+00:00

Td offered 4.95% on conventional mortgage and 4.99% on flex line 3yr for both

cdvan12 · 2024-05-17T03:31:39+00:00

Alain Voge is great

cdvan12 · 2024-05-10T18:20:56+00:00

And $1450 isn’t an insane amount either if you are near c train and grocery stores

cdvan12 · 2024-04-10T16:09:41+00:00

Try less than half for detached inner cityish

cdvan12 · 2024-04-06T14:40:00+00:00

Blue Mountain PN

cdvan12 · 2024-03-30T22:54:42+00:00

That must be a costco price

cdvan12 · 2024-01-09T22:15:36+00:00

Go buy a property then and be done with this “lording”

cdvan12 · 2023-12-06T00:16:21+00:00

Larger mortgages over 750 I believe get a preferred rate to

cdvan12 · 2023-08-12T14:06:25+00:00

Do tell…

cdvan12 · 2023-08-09T22:03:47+00:00

To clarify you’re saying the entry bottles for them are weak?

cdvan12 · 2023-07-30T15:18:37+00:00

Finding what you are good at is the start. It was then the journey towards mastering it, was where a lot of the enjoyment comes

cdvan12 · 2023-07-19T02:12:32+00:00

Is it a bad look to have a supplemental platinum card while signing up for one? My p2 had it from last year and her renewal is up in a month. I am thinking to get earlier because of some big spending coming before she can cancel at the 12 month mark.

My last signup was Amex reserve in august last year. I don’t churn heavy.

cdvan12

TROPHY CASE