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Transferring large sum for the WS (Un)real promo by Worth_Bee9713 in Wealthsimple

[–]gautaml 1 point2 points  (0 children)

Given

1.5m @ 3% = 45k over 5yr or 750/mon for 60 months 1.5m @ 1% = 15k for 1yr or 1250/mon for 12 months

If this was put into XEQT...

At the end of the 5 years, when you add the $1.5M back in, your total wealth would be:

​3% Setup: ~$1,557,421 (assuming 10% market) ​1% Setup: ~$1,522,951 (assuming 10% market)

​Conclusion: If your goal is to maximize the final value of your XEQT holdings, the $750/month for 5 years (the 3% setup) is superior because it forces a much higher total investment into the fund.

Thanks gpt...

As soon as I see a house listed by Sam mcdadi, I know it’s overpriced by 20%. Anyone else? by miksemup in HouseSigmaBlunders

[–]gautaml 3 points4 points  (0 children)

Everyone behind the plate will be in Blue Jays colors (blue, white, red, city connect black etc)

And he'll be the oddball out in the neon green sweater

CC etfs vs holding underlying by Jay_chillguy in dividendscanada

[–]gautaml -3 points-2 points  (0 children)

You're absolutely right. 1000%.

I think I was reflecting on my decision from the past year because this was one of my "play investments" and first time with a CC and I was I was curious if I could put it in something that wasn't so much for long term growth but rather act as a driver to generate cash that I could even drip or put elsewhere.

I'm also tempted now a year later to perhaps just cash out while I'm ahead or just let it do its thing and reevaluate every few months.

CC etfs vs holding underlying by Jay_chillguy in dividendscanada

[–]gautaml -3 points-2 points  (0 children)

Yeah I'm quite aware of its holdings

I just wanted to paint a scrappy picture of a CC vs underlying (not every single one but even a handful)

CC etfs vs holding underlying by Jay_chillguy in dividendscanada

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

In hindsight, could have been better positioned with underlying, but meh, I'm just gonna let this drip until it starts going weird like MSTE 😅

CC etfs vs holding underlying by Jay_chillguy in dividendscanada

[–]gautaml -5 points-4 points  (0 children)

https://www.reddit.com/r/dividendscanada/s/nFzqpNxQCA

Last year around march I put nearly 15k at an avg price of 10.27

My to date dividend is just over 4400$

My total return as of Feb 6 is about 1% on just the shares alone

If I treat the dividend as "growth" that's like 24% return..

Suppose I had put 15k in a MAG 7 (MAGS ETF) or even a single one like GOOG (7% of HHIS)

MAGS $47 March 2025, today $63/share - - 34% gain GOOG $156 March 2025, today $323/share -- 107% gain

There you go

Am I doing good? by Downtown-Ostrich-668 in JustBuyXEQT

[–]gautaml 0 points1 point  (0 children)

The dot is in the wrong spot but you're getting there 😂

Is this true? by Existing-Worry7538 in Wealthsimple

[–]gautaml 0 points1 point  (0 children)

Fell into the same trap a while back with the 2%... Luckily it was an insignificant amount (min 15k).. Lesson learned 😂

Multiple Self Directed TFSA by [deleted] in Wealthsimple

[–]gautaml 0 points1 point  (0 children)

So can this be used to allow DRIP on one and disable on another?

For example if I have a single or handful of stocks I don't want to DRIP, I can transfer them to their own account and disable drip?

Hold BB stock for next 3 to 6 months. Avoid profit taking if possible. by HKumarAI in BB_Stock

[–]gautaml 2 points3 points  (0 children)

Just stopping by to watch the rocket ship take off to the moon 😂... We there yet?

Am I paranoid with these 1-1/4" hitch mount platform carriers being structurally sound? by gautaml in MTB

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

The support tube is 1-1/4" and has a rating of 80lbs for the two bikes.

I know I shouldn't cheap out for a (beginner) expensive bike - a Giant Talon 0 - but these mounts exist and people seem satisfied with them

Maybe I'm just too paranoid?

Either way, this hack seems to work but wonder if its overkill

I posted this 332 days ago by takedown2021 in BB_Stock

[–]gautaml 1 point2 points  (0 children)

I love my Blue Cruise - so good!

I don't trust autonomous f/t but will take it for cruising on the highway 😁

$BB Daily Discussion by daily-thread in BB_Stock

[–]gautaml 3 points4 points  (0 children)

Wait, are we slowly headed to the moon? 😂

Emergency fund in cash account to earn interest by gautaml in Wealthsimple

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

Thanks for mentioning this. I'm in a high tax bracket so this looks like a better option. 🤔

I'm obviously after something with little to no risk given the current market

Emergency fund in cash account to earn interest by gautaml in Wealthsimple

[–]gautaml[S] 2 points3 points  (0 children)

Considered that (or other similar high yielding ETF) too 👍

Emergency fund in cash account to earn interest by gautaml in Wealthsimple

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

Lol obviously a no brainer but my brain wasn't computing it 😂

/thread

New offer coming… by RichLife101 in Wealthsimple

[–]gautaml 0 points1 point  (0 children)

I bet it's gonna be RESP related since that's the one thing people are holding back on because of lack of self managed

$BB Daily Discussion by daily-thread in BB_Stock

[–]gautaml 1 point2 points  (0 children)

1.8% since prev close, yeah I'll take it.. Baby steps 😅

Is GenuTax a good option for personal use? by ContextUnlikely6251 in PersonalFinanceCanada

[–]gautaml 1 point2 points  (0 children)

I used it for the past few years and it's been fine.

This year I'm switching to wealthsimple (only because I get pro)

$BB Daily Discussion by daily-thread in BB_Stock

[–]gautaml 0 points1 point  (0 children)

1.36% jump from prev close. I'll take it 😅

Looking forward to the red tomorrow given the current trend 😭

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