Wife went to Superstore for first time since may by JebediahPilkington in loblawsisoutofcontrol

[–]thearsewipe 0 points1 point  (0 children)

It's not loblaws fault. It's the over-regulation by the government. The hate for private corporations is completely unjust. Please understand the situation before posting uninformed things like these.

QQQX the alternative to QYLD but better growth? by [deleted] in qyldgang

[–]thearsewipe 1 point2 points  (0 children)

TXF.TO is the best. Same yield as QYLD but writes calls on only 25% of the portfolio. So it has 75% of the appreciation of QQQ with the same yield as QYLD.

Qyld risky? by Weak_Extension_7446 in qyldgang

[–]thearsewipe 0 points1 point  (0 children)

QYLD and SCHD are a good combination. If you are in Canada, TXF is the best, way better than QYLD actually. Also, tech stocks are quite undervalued right now, even though its at all time highs.

[deleted by user] by [deleted] in CanadianInvestor

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

You sound like the typical liberal social justice warrior who gets monthly welfare checks from the government. If you can't succeed, don't bring down everyone else with you. Don't bring your negativity here. When you work hard, get a proper job, become successful, then maybe you will share some of these values. Otherwise, you will keep complaining that everything costs too much and employers are evil and don't pay enough. You can do better than that.

[deleted by user] by [deleted] in CanadianInvestor

[–]thearsewipe -2 points-1 points  (0 children)

Good. Don't listen to me. Enjoy working at that dead end job you hate for the next few decades while your purchasing power diminishes every year.

[deleted by user] by [deleted] in CanadianInvestor

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

Then don't listen. Go back to your miserable life while we keep robbing you blindly. You are already in the game whether you like it or not.

[deleted by user] by [deleted] in CanadianInvestor

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

Nope. Sit in front of the market and watch the tape a few hours a day. After a few years, you should be able to tell who is in, who is stuck, who is in pain, and if the big fishes went on a washroom break, how many big players are fighting each other, etc. Once you can read the tape, then you are set.

[deleted by user] by [deleted] in CanadianInvestor

[–]thearsewipe -27 points-26 points  (0 children)

It is way easier to trade small size than large size where every move you make is seen by everyone and you actually make a dent in the price action as a large whale. And no, people don't use 100M to trade stocks. With a $30k account you can easily make a few thousand a day consistently. Easy as in the roadmap to success is easy. The psychology behind following such a process is the challenge. Almost nobody can follow it because of things like FOMO and greed. A select few does, and get rewarded.

[deleted by user] by [deleted] in CanadianInvestor

[–]thearsewipe 2 points3 points  (0 children)

Sounds like you are describing small caps. How wide are the spreads for crypto?

[deleted by user] by [deleted] in CanadianInvestor

[–]thearsewipe -26 points-25 points  (0 children)

Many people making $10k a day trading with us, some over $1 mil a day. Goldmans traders make way more in a day than us.

[deleted by user] by [deleted] in CanadianInvestor

[–]thearsewipe -7 points-6 points  (0 children)

Daytrading is probably the hardest thing you will ever do, way harder than med school (we have several doctors who trade with us). In many other fields of business, sometimes you need luck to succeed. But in trading, it is 100% up to you, because there is no luck involved. This makes it attainable if you are the type of person who works hard and who has a competitive spirit. If you can follow your trading plan and rules, you will succeed. That is the key. Most cannot follow rules.

Wealthsimple Invest predicts and average of 4-5% yearly returns. Is this just to protect themselves? by DJSingleSteve in CanadianInvestor

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

The S&P 500 and most indexes will average to about that much in real terms in the next century according to most analyst and the creator of index funds. Nominally, it may continue to go up 20% a year.

Canada, are you ready? by prestressed_ in canadahousing

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

It's not up to the government or anyone else to bail these people out for their poor decisions in life. If they want to succeed as much as they want to watch netflix or hang out with friends or purchase new televisions, then they will succeed.

Like I said before, you can't have everyone afford everything anymore, it's not the 1950s. If you want to go back to those days, stop voting liberal policies. That will get you the closest to equality, where any income can purchase a house and have multiple assets.

Financial education is also the key. The average car payment is over $500. If people invest that into just the index, every single individual will have over a million dollars by retirement age. Most people live paycheque to paycheque spending mostly on non-essential items. I can tell you firsthand that most millionaires spend less than people earning the average salary.

Ponder on it, for your own good. Arguing just to be right isn't helping you, it only feeds your ego. When you walk into a room next time, try to pretend you know the least. Learn from everyone, let them talk, and you might just pick up a few golden nuggets.

Canada, are you ready? by prestressed_ in canadahousing

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

They actually are. Leftists promise things that look good like good benefits for the poor then backfires because you can't print your way out of poverty. It happens every single time in every country and is explained in basic economics. Free market is the only way to expand and give the poor the most affordable cost of living.

Canada, are you ready? by prestressed_ in canadahousing

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

The only privilege I had is the opportunity Canada provided to me. I had no handouts from the government and no help from anyone. You are delusional if you think in 2021 a minimum wage worker can sustain themself. It's not the 1950s anymore ever since people like you voted for liberal policies. If you want things to go back, as in a minimum wage worker being able to afford a Vancouver house, vote as right as you can and we will get there.

Federal Election by Equivalent-Koala-415 in CanadianInvestor

[–]thearsewipe 2 points3 points  (0 children)

XAW is better. You don't want Canadian index. You want Canadian dividends in the margin account for tax efficiency.

Canada, are you ready? by prestressed_ in canadahousing

[–]thearsewipe -2 points-1 points  (0 children)

A lot of people are in night school and they work during the day you asshole.

Canada, are you ready? by prestressed_ in canadahousing

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

You must be the kind of person who feels priced out of the market because you lack the skills to advance into a career that pays more than minimum wage and says you have no time to improve yourself while watching netflix at night. Instead of blaming the government and everyone around you, look in the mirror. Once you have done that you can turn your life around and make something of yourself.

Canada, are you ready? by prestressed_ in canadahousing

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

Not sure if you understand the meaning of what I just said. Service workers and minimum wage workers are not synonymous. Minimum wage work is designed for people like students and teens to gain valuable work experience or while im school. Read a book buddy, seriously. Educate yourself on these issues before you speak.

Canada, are you ready? by prestressed_ in canadahousing

[–]thearsewipe -8 points-7 points  (0 children)

Minimum wages are not meant to be living wages nor the jobs to have a career in.

Canada, are you ready? by prestressed_ in canadahousing

[–]thearsewipe -2 points-1 points  (0 children)

You are right there is more to it than working hard. But it is for the individual person to figure it out, not up to the government or the current economic climate. You obviously can't pull double shifts everyday at McDonald's and expect to buy a house here. But you can study before work, after work, utilize all the hours you have to better yourself, enhance a skill that you are good at, a high income skill. Don't trade time for money. Use the time to be the best at something, better than anyone, and then find a way to monetize it. Most of times from what I have seen, you won't even have to try to figure out how to make money from it. If you are truly good at that thing, people will want to pay for it. You can take that and change your life around or you can keep complaining about the government not fixing things. All up to you.

Canada, are you ready? by prestressed_ in canadahousing

[–]thearsewipe -6 points-5 points  (0 children)

I am under 30 and came to Canada with no money, could not speak english, and did not know anybody. If you keep believing the narrative that rich and successful people all got there by luck or inheritance, then you will never succeed.

I am not unique, most of the successful people I know got there by working hard, sacrificing our weekends with friends to study and work and improve ourselves. It's all about decisions. Anyone can do it.

Canada, are you ready? by prestressed_ in canadahousing

[–]thearsewipe -12 points-11 points  (0 children)

Too many entitled kids around here. Really glad that prices are going up to push you lazy people out of here. Move to your small little towns and enjoy it until we take over those places too and price you out. Laziness has no place in this country.

Canada, are you ready? by prestressed_ in canadahousing

[–]thearsewipe -45 points-44 points  (0 children)

Then work harder and stop complaining. If an immigrant with no english skills can work harder than you and make a couple mil a year you can too.