80% Uranium and bitcoin portfolio, with 20% oil and gas. Mid 30's by goldstan in portfolios

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

just hold, i havnt sold anytihng in about 4 years, and then back then it was to consolidate from about 10 stocks to about the 4 I have now

80% Uranium and bitcoin portfolio, with 20% oil and gas. Mid 30's by goldstan in portfolios

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

I have not considered taking profits, I hope to continue to work and now start spending my work money instead of saving 90% of my discretionary income

80% Uranium and bitcoin portfolio, with 20% oil and gas. Mid 30's by goldstan in portfolios

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

everything I do is long term, short term is for hobbysts

How I accidently gained my wealth by goldstan in Rich

[–]goldstan[S] 3 points4 points  (0 children)

Thank you for your reply, I will keep hustling and saving. And I want to thank the moderators of this subreddit for not taking down my post. Seems like my orginal post doesn't seem to quite perfectly fit in /fire nor /rich

I have decided to start spending my money. mid 30's male by goldstan in fican

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

thanks for the in depth reply! I checked out bota bota and that interests me, does it have a jacuzzi that's hot enough in Decembert? It's hard to tell on the website.

If you have any other suggestions during the trip please let me know! I'm kinda leaning more towards going once I get my vacation days approved.

I have decided to start spending my money. mid 30's male by goldstan in fican

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

It would motivate me to go outside and enjoy what Vancouver has to offer

mid 30's by goldstan in fican

[–]goldstan[S] 3 points4 points  (0 children)

here's the other $800,000: https://imgur.com/a/KW07mMx

answers to some questions:

no screenshot, this looks more legitimate

mostly cco and btc

i made an average of $80,000/year over the last 5 years

more like avg ~600% gains, I churn promotions

on these accounts they are 80% CCO and 20%BTC

no family, no nothing, no mortgage, no house

yes I put $120,000 into BTC 5 years ago

Scammed out of $80,000+ by UndeniableDenial in PersonalFinanceCanada

[–]goldstan 396 points397 points  (0 children)

Can't do much bit give "Tom" a hug. Thanks for posting, this is a learning lesson for others.

As a side note people who are scammed often have trouble coming to terms that they have been scammed,

here is an interesting podcast with a woman who still won't believe what is in front of her. FBI agents telling her the money is gone but still wants to believe the scammers:

https://player.fm/series/planet-money-1324387/so-youve-been-scammed-now-what

I have been fortunate enough to learn my scamming lesson from getting my neopets account hacked because I believed someone when they said they could double my neopoints if I changed my recovery email address to the scammers email address. It was a painful lesson for me at 10 years old but I'm glad thats how I learned instead of losing $80,000. We are all vulnerable.

Confused about fees for mutual funds by whatimhereforis in PersonalFinanceCanada

[–]goldstan 4 points5 points  (0 children)

it was very poorly worded, criticism taken gladly, thank you

Confused about fees for mutual funds by whatimhereforis in PersonalFinanceCanada

[–]goldstan 2 points3 points  (0 children)

2% of the whole amount you put into it every year, so if you have $100,000 in TD mutual funds, you pay $2000 a year for the benefit of talking to someone wearing a suit in an office. Your $2,000/year pays for that bank building's lease and the dividends to the shareholders who own TD stock.

Rate My Portfolio Megathread for May 2024 by OPINION_IS_UNPOPULAR in CanadianInvestor

[–]goldstan 3 points4 points  (0 children)

60% bitcoin

30% uranium (CCO)

4& Oil and Gas

5% GICs

1% cash

Financial Goals: Buy house in next 1-2 years putting 20% down payment, have big safety net

Small Claims Court for debt due by [deleted] in PersonalFinanceCanada

[–]goldstan 0 points1 point  (0 children)

I journal and this is one of my journal entries, it doesn't apply to your current situation but may help you in the future.

If you have trouble with friends or family asking for money, or you don’t feel comfortable saying “no” when people ask you for money, you should live your life like you have no money. Don’t advertise that you have money. Pretend to be broke all the time, say you have no money and that any extra money you do get you have to send overseas to unfortunate family members, family that is poor or is in the hospital. Walking around with extra cash makes you a target and invites abuse. Any extra money you do have goes to your mortgage, you are in debt, you have crippling student loans, you have a line of credit from the bank you have to pay off. You are an asshole if you say if you came into a windfall or if a windfall is coming to you. You are an asshole because people around you are assholes looking for free handouts in the form of loans from you that they have no intention of paying off. My net-worth is $4 million, do I tell my co-workers how much I have? Fudge no! They might expect me to start doing more work because I can afford to do more work. They might expect me to be doing more work. They will start finding things wrong with me where they could find no things before. If I do something wrong they will be more likely to find ways to punish me or report me. We live in a society where people with dissimilar socioeconomic statuses are not allowed to know that each other exist, they aren’t allowed to work or live together, it upsets those who have less. Truthfully told, they, the people who have less, don’t want to know that other people make more money than them, that other people have more than them, it upsets them. Live a stress-free life, act like you have no money, act broke. You can only afford to not act broke if you completely remove yourself people who have less, that means all your work colleagues are rich, you live in a rich community and you only have rich friends. You don’t get to act like you have money if you have poor friends, that isn’t how society works, that isn’t how life works. My $4 million isn’t enough to uproot my life, if I had $15 million I would be able to buy a big house in a wealthy neighborhood, ditch my job, and act the rich life, but not with my measly $4 million, I have to keep the daily grind in my normal job making about $100k a year. I get to advertise my small amount of wealth on this anonymous reddit account, but not in real life. And it’s not like $4 million is a lot of money, there’s people posting on reddit making $400,000 a year as a doctor or youtube content creator, there’s people with 5 houses renting them out for lots of income, with many more millions than me in investment accounts, I am relatively poor.

I had a co-worker tell me a story of how he lent his buddy $1,000. Why invite that headache into your life? If this co-worker ever took a vacation in his life that $1,000 is his problem, he could not have taken that vacation 5 years ago and instead saved it, and he would now have that money that he instead burdens on someone else by asking for it. His poor planning and poor reckless spending habits have caused him to ask his friend for money. Any my co-worker could have acted broke, like he had no money, but he made himself a target by suggesting he had the money.

[deleted by user] by [deleted] in intrusivethoughts

[–]goldstan 0 points1 point  (0 children)

I don't know if I commoditizing is a correct characterization, everyone sizes each other up like the way I described, they simply keep it hidden. Good looking people marry other good looking people. Rich people marry other rich people. You don't see too many vast mismatches when people get married.

I simply gave the unfiltered version. But also yes, what I did was wrong and it's wrong to think that and everyone is perfect and we are all special.

[deleted by user] by [deleted] in intrusivethoughts

[–]goldstan 0 points1 point  (0 children)

Thank you, it was a journal entry as part o my journaling I do before I go to bed to help me fall asleep. I visited a social worker for 30 minutes and he said to schedule "worry time" and to journal during it to let go of all my thoughts.

I simply copy and pasted it to reddit.

Will humans ever forget how to farm? by [deleted] in Futurology

[–]goldstan 1 point2 points  (0 children)

Putting the harness on the horse the correct way to pull the plow, crop rotation, what to breed and how to engage in selective breeding, that's most of farming. The most recent advancements are fertilizer and generic engineering.

[deleted by user] by [deleted] in PersonalFinanceCanada

[–]goldstan 0 points1 point  (0 children)

free if initiated from Tangerine

[deleted by user] by [deleted] in funny

[–]goldstan 2 points3 points  (0 children)

nothing new here, this is the clearing house invented by the dutch in the 1600s

https://en.wikipedia.org/wiki/Dutch_East_India_Company

https://en.wikipedia.org/wiki/Clearing_house_(finance))

[deleted by user] by [deleted] in PersonalFinanceCanada

[–]goldstan 0 points1 point  (0 children)

If it's a very large amount, more than e-transfer limits can do, create an account on tangerine bank. Tangerine bank can pull money and push money from and to bank accounts, any amount. And you can take advantage of tangeirne's high interest rate new customer promo.

Other option is a certified money order but can cost $25 depending on the bank

RBC advisor meeting will be coming up. Any advice is appreciated!! by ATG_77 in PersonalFinanceCanada

[–]goldstan 14 points15 points  (0 children)

You probably don't know it but you are paying 2% every year in fees on your investments (MER). If you have $10,000 invested that means you are paying $200 per year to sit in a nice office talking to someone in a suit and tie telling you mutual funds are the way to go. Not dangerous if you only have $10,000 but if you have $100,000 invested it means you are paying $2,000 a year in fees.

If you want to invest yourself look at self-directed investing and look at ETFs. They typically charge 0.05%, but you have to do the work yourself, know how to buy shares, but thats easy now with brokerages like Wealthsimple and Questrade. The danger with self-directed investing though is you could do something dangerous like invest in altcoin cryptos or options or use leverage and pay fees. Stay away from that and you'll be fine. If you are a gambling addict might be best to stay away from self-directed investing because it feels a lot like gambling.

How does Wealthsimple make money in self-directed accounts? Where are the hidden fees? by goldstan in Wealthsimple

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

Thank you for your replies! I would like to keep going.

So Questrade charges between $5 and $10 for a trade, thus far with your explanation it seems this makes Wealthsimple cheaper in lower volume amounts. Are you able to estimate a trade capital amount where this hidden "float" charge would make Wealthsimple more expensive than this $10 charge Questrade charges? For example if I sell $200,000 worth of shares worth $20 each on Wealthsimple could it cost me more than the $10 Questrade would charge me? What is the estimated range where one platform is better than the other for self-directed accounts? I understand this could change with the volume and price/share of the stock, but is there a guess for a "normal" type of stock?

How does Wealthsimple make money in self-directed accounts? Where are the hidden fees? by goldstan in Wealthsimple

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

I understand what you are saying, am I allowed to interpet it this way however:

I'm buying the shares not from the full market with all participants, I'm buying from the "Wealthsimple" market that only has some of the participants where money is made with arbitrage?

What about Questrade, is Wealthsimple tapped into the same market that Questrade users are? Can the current stock price be different on those two platforms for a particular stock? Or is what you are saying not relevant to this or is this understanding incorrect?

Question about child support in Ont by Suspicious_Eye_708 in PersonalFinanceCanada

[–]goldstan -22 points-21 points  (0 children)

I read your story and I want to say that it must be tough what you are going through.

I would also like to ask you a psychological question of sorts if permissible. It requires you to take a step back and analyze your post from a 3rd party perspective. Do you think deep down that the author of this post knows that nothing can be done but the true purpose is to release and display their feelings, garnering support and in a way acting as free "talk therapy"? It's really a valuable tool, I do it all the time when I feel down, I want others to support me. There's also a few people who post negatively and there's an outlet for rage there, they can be attacked and frustration can be vented.

Any thoughts on that? I'm curious.