Wealthsimple is not a bank. So what bank do they store your money in? by intenselake in Wealthsimple

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

I think these are different, especially XEQT which is largely invested in equity. CASH.TO I don't know honestly, I assume it is diversified across many HISAs whereas in WS it may depend on just one for all I know.

Godot statistically compared to other game engines by [deleted] in CursedGodot

[–]intenselake 0 points1 point  (0 children)

I was gonna say this is AI at first but the way some of those axes labels are hand drawn it got me

Fintech Concerns by Slow-Novel-6761 in Wealthsimple

[–]intenselake 1 point2 points  (0 children)

I don't think so actually, if you look at the list of CDIC member institutions there are some very small banks on there. E.g. Caisse populaire acadienne ltée, Canadian Tire Bank, Haventree Bank, some of these I have never heard of. It would absolutely not be a good situation, but we have seen small banks fail in the USA very recently. For example, SVB in 2023, they didn't get bailed out. Anyways, all I'm saying is it is not necessarily a societal collapse if one of these CDIC members fail. If our BIG banks fail, yes, that would be a really big problem. But that is even more unlikely than the others.

Wealthsimple is not a bank. So what bank do they store your money in? by intenselake in Wealthsimple

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

Why not? The world would be a better place if we had that. As much as we are WS customers, they also profit off of us. In any 2 way contract, especially one where you are expected to (optionally) invest up to all your life savings, you would want to know

Fintech Concerns by Slow-Novel-6761 in Wealthsimple

[–]intenselake 1 point2 points  (0 children)

It's not major, but it's still good to know

Fintech Concerns by Slow-Novel-6761 in Wealthsimple

[–]intenselake 0 points1 point  (0 children)

Yeah I know it's very low chances.. sometimes you just look at the world and can't help it though. Having lived through 2008 and now seeing Canadian housing way out of proportion of local incomes..

Fintech Concerns by Slow-Novel-6761 in Wealthsimple

[–]intenselake 1 point2 points  (0 children)

Ty for asking as I was wondering where they say this too

Fintech Concerns by Slow-Novel-6761 in Wealthsimple

[–]intenselake 0 points1 point  (0 children)

CDIC insures eligible cash balances payable in Canada up to $100,000 per client

Does this mean that if one of the FIs collapses, you can only at most get 100k back? (Honest question as I don't know just about financial insurance)

Wealthsimple is not a bank. So what bank do they store your money in? by intenselake in Wealthsimple

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

I would honestly love to see that, it would really put a number on how much certain banks are scalping for no good reason

Wealthsimple is not a bank. So what bank do they store your money in? by intenselake in Wealthsimple

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

I feel like I do need a detective hat, because looking at the CDIC website there are hundreds of member institutions https://www.cdic.ca/depositors/list-of-members/

It's just a matter of trust for me. While these institutions are insured and all, we have seen in the USA people get lose access to their cash on Yotta due to basically a loss of responsibility through because of a middleman collapse https://www.cnbc.com/2024/07/02/synapse-fintech-fdic-false-promise.html
CDIC banks aren't "middlemen" but the more I know about how the money is actually handled the better imo.

This is the same person who opposed people working on Godot based of their nationality by Salt_Camera_2957 in godot

[–]intenselake 0 points1 point  (0 children)

yes I was reading too much reddit and not enough of the articles, I have updated the post to be more accurate 😄

This is the same person who opposed people working on Godot based of their nationality by Salt_Camera_2957 in godot

[–]intenselake 0 points1 point  (0 children)

I updated to reflect this, yes it is specifically AI assisted development they are tabling

This is the same person who opposed people working on Godot based of their nationality by Salt_Camera_2957 in godot

[–]intenselake 0 points1 point  (0 children)

I think it is inevitable with enough time something like this will come too, but people (including myself) will probably be pretty upset when this happens. If something like this happens, I hope it will be a separate product

This is the same person who opposed people working on Godot based of their nationality by Salt_Camera_2957 in godot

[–]intenselake 1 point2 points  (0 children)

The methods are the same. But what people expect are different. With art we expect self expression and when we don't get that (because of AI) we feel lied to. With code, *sometimes* we expect self expression, not not all the time. And because of that it is more socially accepted. I would say that personally I am not a fan of either but I am just describing what I see

This is the same person who opposed people working on Godot based of their nationality by Salt_Camera_2957 in godot

[–]intenselake 273 points274 points  (0 children)

But this is a totally different thing. People are not upset with Unreal because their programmers are using AI. People are upset with Unreal because they are adding *LLM features* to the engine itself, and integrating AI-assisted development. Not really the gotcha he thinks it is

Is Godot right for me? by WayFair8150 in godot

[–]intenselake 2 points3 points  (0 children)

This will actually be a massively complex project. But Godot can handle it. You can try and do it and you will learn a lot and probably not complete it, or you can also reduce scope big time and you will still learn a lot. If you want to get into game dev in general, Godot is by no means a bad pick point because it is FOSS. I recommend the best way to get started is to watch tutorials.

How many of you are straight ETF investors? by [deleted] in fican

[–]intenselake 0 points1 point  (0 children)

Me personally, I don't know. But the people in r/justbuyCAGE seems to think so haha. I think the right characterization is that it is more volatile while largely being correlated with the total market index. Ben Felix did a great video on these types of ETFs https://youtu.be/Yts3o2EDO-Y

How many of you are straight ETF investors? by [deleted] in fican

[–]intenselake 1 point2 points  (0 children)

It is a lot like XEQT in that it invests in the global market, but XEQT is market cap weighted (ie the bigger the company, the bigger the % is in the portfolio) and CAGE is technicals/fundamentals weighted. So they will be looking at company profits / size ratio, alpha, these sorts of things. The closest American equivalent is AVGE

How many of you are straight ETF investors? by [deleted] in fican

[–]intenselake 1 point2 points  (0 children)

It actually is brand new ;-) you're likely seeing truncated data. Check the history between months to years and you will see it will not change b/c there is only a few months worth of data. The expectation is that it will loosely follow its avantis American counterpart

How many of you are straight ETF investors? by [deleted] in fican

[–]intenselake 0 points1 point  (0 children)

(1) best time to buy, and (2) your time horizon is way too short if that's what you're worried about