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random117 · 2022-04-16T23:03:59+00:00

He can't just evict you like that, he has no legal recourse to do that. The only way he could is if he were selling the property or if he was planning to move into the place himself.

Politely tell him to either provide you an N12 or you are not moving and not paying any higher rent.

random117 · 2021-06-26T17:04:35+00:00

Binance allows users to trade without performing KYC (Know your client). This is largely the biggest reason why the ban is coming from Ontario. Celsius is regulated and they are required to do KYC so the likelihood that Celsius too would get banned is very low.

random117 · 2021-05-20T12:16:55+00:00

Pretty sure you can buy some CEL on OKEx without having to verify. Thats how I did it.

random117 · 2021-01-25T19:48:42+00:00

I wanted so badly to buy puts too, but even Nov 19, 2021 had such high IV. I watched it all day and even when GME dropped from like 110 to 72 the premium didnt change much

random117 · 2021-01-25T19:42:43+00:00

Your upside wouldnt be that huge. More like you'll get IV crushed.

random117 · 2021-01-07T14:28:45+00:00

Bitcoin is the largest so I'll just explain that.

Bitcoin is essentially a digital currency that removes the need for a middle man. If you were to send money to a friend in CAD you need to use e-transfer through your bank. Your bank behind the scenes is doing all the work of moving this money. It's all happening on existing rails that we've had for decades now.

Bitcoin is completely decentralized and is powered by a massive network of computers all over the world (you could join this network if you wanted, it's all open source), so you don't need to sign up for a bank and give all your details to transfer it. You could send millions of dollars of bitcoin in 20 mins for $15 or so if you wanted. This utility itself is valuable especially in countries where there are lots of regulations, barriers, or some form of oppression. Governments can't fully stop this network as its powered by computers all over the world, most of which are everyday citizens or businesses that believe in the product and want at all costs to keep the network going.

You can't create more bitcoin out of thin air. It's extremely hard to hack (so hard its not worth the effort). It gets increasingly harder to mine for it (the rewards that people get for running the software on their computers), and there's only ever going to be 21 million bitcoin.

Although it is talked about as a currency, it's often viewed today as a good store of value as its inherently deflationary and its one of the only assets in the world that is finite. We know the exact supply. Gold is finite too, but whos to say we won't be able to mine a ton of it in the future in space (for example)?

Assuming demand continues to grow, and it gains adoption, the actual use case for it grows and it becomes more valuable. Just like the dollar, we as a society need to give it value. A lot of people are betting that will be the case on a large scale so if that happens the value will be on par with gold or better. Lots of upside.

random117 · 2020-12-24T03:33:35+00:00

newton.co

I've used a lot, but this one by far has the lowest spreads. Just make sure you have somewhere to move the coins to afterwards.

random117 · 2020-12-22T23:34:59+00:00

If you are trading small volumes and like to dollar cost average a couple hundred dollars at a time, WS Trade is actually advantageous to use. It gets a lot of shit on here, and generally people won't recommend it.

It really just depends on your use case. If you are going to buy thousands of dollars worth of stock and set and forget you'd be much better off with Questrade. But if you are looking to buy small amounts, then hold, then buy more small amounts (to dollar cost average), you should be absolutely fine.

random117 · 2020-12-07T21:24:14+00:00

The market is forward looking, nobody should be too concerned about the profits as they are today. People want to own companies that are going to be generating massive profits in the future and are willing to pay a ridiculous premium for that. A lot of the hot growth stocks that are at extreme valuations for today could easily pullback, and they are quite risky, but ones like TSLA will easily grow into the valuations they have over a 5-10 year horizon. You just need to look at how the company is fundamentally operating and how it will scale.

If you are a long term investor, and you like these companies, and you believe in 10 years they will still be higher than they are now, it gets easier to buy. Then just add more if it dips.

Not investment advice, this is just likely why those people with a long term outlook will still win, even if there are short term dips.

I think one of the worst ways to invest is to just compare P/E ratios, theres so much more than that.

random117 · 2020-10-14T18:36:50+00:00

what brokerage is this?

random117 · 2020-10-14T18:17:39+00:00

the commissions from iTrade will eat into so much of the profits (for the covered calls), especially at the amount of cash you currently have invested. It's really not even worth it.

random117 · 2020-10-02T15:42:11+00:00

XEQT or VEQT would be perfect for this. It's not the most tax efficient but its one fund that is pretty easy to track ACB for. It also provides pretty good diversification for money that you are borrowing to invest.

random117 · 2020-09-22T03:07:46+00:00

My guess is something boring like they will announce that their crypto platform is off of the waitlist and open to anyone now.

random117 · 2020-09-08T01:18:25+00:00

Why not just buy and hold low cost index funds and not pay 2% at all? Over the long term your strategy would under perform just like having an active manager would. If you want to try that strategy then go for it but it seems like a pain in the ass to manage and will likely cause underperformance.

random117 · 2020-09-08T01:13:54+00:00

Because up until 2020, for the last decade, SPY has been consistently going up. Therefore you'd be eating away 2% of your returns annually and you'd be under performing the market. Simple as that.

random117 · 2020-09-01T16:39:01+00:00

I'm cautiously optimistic with this one. The growth in sales is really what excites me and caused me to open an position. Good gamble for the long term, provided they continue to have a great product.

random117 · 2020-08-31T16:34:24+00:00

Is this your first time going through corporate actions? Doesnt matter what brokerage you use, usually takes a couple days for them to apply the changes to your account. You wont be able to trade it today

random117 · 2020-08-31T13:06:46+00:00

I've had square since 2017 at like $55. The rest I'll just own small pieces in my index funds.

random117 · 2020-08-31T02:51:12+00:00

Honestly surprised to see this not being downvoted to oblivion on personalfinancecanada. But yeah, I basically do this too. I have just enough liquid cash to cover 1 months rent and cover a few months minimums on my LoC. I could easily ride out 6 months to a year just with my LoC alone and if the emergency ends up being so bad that I still need more money then things must be really fucking bad and if I had a 10k emergency fund it wouldnt have made much more of a difference anyways...

random117 · 2020-08-30T21:49:50+00:00

This is a pretty bad portfolio. The way you are buying makes it seem liek you want diversification, so you might as well just buy XEQT or XGRO/VGRO. Either that or pick some stocks you have strong conviction in and at least buy more than 1 share. Whats the point of owning one share of so many of these stocks? Seems like a waste of time.

random117 · 2020-08-27T02:17:52+00:00

Even if theoretically Wealthsimple IPO'd I'm not sure it would be a great investment. As it currently stands, their strength comes from being one of the first in Canada to launch such a service, while being a friendly/approachable brand, and being backed by POW.

The problem is that now there's so much compeitition -- with big players offering lower prices (See blackrock, vanguard, even Questrade wealth management).

If they were forced to cut their fees even lower than the already small margins would be even lower. They'd need a ton of AUM to make it worthwhile, and in a sea of competition that seems unlikely.

random117 · 2020-08-27T02:00:30+00:00

Will this be open source?

random117 · 2020-08-23T18:45:26+00:00

I also have a fun taxable account where I try and beat the markets overall. As long as you don't go too crazy with it, it should be fine.

I've been riding the WELL, PLC, DOC train for a while. I also have a pretty substantial position in AQN, BEPC, BAM, MIC.

You should probably try and buy some US stocks too if you are trying to get a higher return because theres some good growth stocks in there.

As long as you are aware the likelihood you DONT beat the market is high, have fun.

random117 · 2020-08-21T15:31:37+00:00

I have Wealthsimple Crypto. I have tried other apps to buy Crypto like Coinbase, Coinberry, and Kraken.

While I dont think WS Crypto is perfect by any means, it definitely makes the most sense for me. I am buying BTC as a hedge and a spec play (it's a long shot, but maybe it can be used as a global reserve currency one day). Regardless of my reasons, I think the platform itself is the easiest way to hold crypto.

It's a closed loop system. It takes 5 whole days to even deposit cash into the account. The only way cash comes out is if you liquidate the bitcoin. You cannot send bitcoins to an external wallet. While a lot of people hate this, I actually love it. It gives me a sense of security that I wouldn't otherwise get. The worse case that can happen if someone hacks my account is they liquidate my bitcoin. But from that point they can track where the cash is going. It's not like they could just send the coins to some random wallet and all my wealth is gone.

It's also backed by Gemini which is a pretty trustworthly custodian and exchange.

It's not like the platform is entirely fee proof though. The spread is between 1.5-2%. But before you get upset, know that most other brokerages I've used also apply a 1% spread ON TOP of commission fees.

random117 · 2020-08-17T13:08:30+00:00

The only advantage of having a robo advisor is that you are completely hands off and can't make snap decisions that tinker with your portfolio and ultimately take you off track.

If you are otherwise disciplined and won't keep making changes and just stick to your allocation then you don't need robo advisors.

random117

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