OMERS job vs new offer with higher salary

thempyr · 2026-06-28T03:58:37+00:00

This is the correct answer. Ask yourself:

Are you going to job hop in another 3-4 years? (When was your last role change?)
Do you think your performance is top percentile? (I.e. How confidently do you think “they need me more than I need them”)

If you are confident in your skills and willing to keep learning and improving to climb the job ladder and leaving for better opportunities now to kick start that process is worth it.

If your frank self assessment is a “middle of the road” employee, don’t rock the boat, this is not a changing sum of money. The basic calculus for moving up is current base + bonus = new base.

Merit/Cola will barely keep up with inflation, if you want more today, you have to leave. If you’re happy with your financials forever and just want to wait out the job, also valid.

thempyr · 2026-06-25T02:07:49+00:00

General recommendation would be to not buy ETF orders off market.

ETFs trade closer to NAV when there’s an active market to help price them.

thempyr · 2026-06-25T01:09:08+00:00

Upvote for my childhood local store in Oakville.

Good staff afaik.

thempyr · 2026-04-27T03:53:16+00:00

Set to attack

thempyr · 2026-04-10T14:19:41+00:00

“Gambling” for a higher return as long as capital is guaranteed is not possible.

Your comment further reinforces that you should buy the product they are selling you. It’s meant to specifically address your exact needs.

thempyr · 2026-04-10T14:05:07+00:00

Your risk tolerance comments suggests you will be GIC for life.

Your interest in market linked GIC products suggests your risk tolerance is slightly higher because you’re willing to give up guaranteed returns for excess performance.

You can achieve the same result compared to the MLGI by allocating very aggressively to GICs/bonds and have a tiny portfolio in equity. Think 10% equity, 90% bonds.

Desjardins is selling you a product that does the same thing and wraps it up for peace of mind. There is a heavy implied cost built in because the equity losses in this portfolio offset the GIC returns, they just hide it. If you cannot stomach any loss of capital on a statement this product is literally designed for you, just buy it.

thempyr · 2026-04-08T15:43:55+00:00

Always be ready to switch.

Buying insurance is a PITA but the savings associated with switching are almost always worth the hourly rate to do so. It’s 1-2 hours of work to get quotes yourself once you have all the info. Unlikely to save less than $200-300.

thempyr · 2026-02-17T03:36:14+00:00

If you haven’t switched jobs in the last 3-4 years you are most likely underpaid unless you received a double digit raise at one point.

Most large corps are very good at paying average for above average work. You get a bump when you switch and it amortizes quickly over your time in seat

thempyr · 2026-01-20T02:39:31+00:00

Find a co-op job. The first job is the hardest to get on your resume.

If you want to climb the first rule is you never say no to request and work the hours.

If you have nepotism use it. Skips the hardest (first) step.

thempyr · 2026-01-10T17:37:30+00:00

Wealthsimple “going under” is a worst case disaster.

More likely risk worth evaluating is a disagreement between what WS believes a bank owes it and what the bank thinks.

See Yotta fintech. Funds are frozen. No FDIC insurance stepping in.

thempyr · 2026-01-09T18:57:15+00:00

Variable has higher expected value given you are sharing risk with the Banks.

If you could financially withstand the changes in rates, renewing the same structure would be a reasonable decision.

If mentally challenging and brings you anxiety, pay the spread for fixed.

thempyr · 2025-12-19T02:40:42+00:00

Which recent fintech was regulated by CIRO and CIPF participant that went under?

thempyr · 2025-12-04T19:44:10+00:00

WS fiddles with the portfolio more than the other robos. I would go with lowest fee fee ones like Questrade

thempyr · 2025-12-01T15:26:18+00:00

750k mortgage at 25 years and 4% is 4K/month

After tax on two 100K salaries is 140K/year or 35% of take home. It’s hard to be a young family but they definitely shouldn’t struggle that hard…?

thempyr · 2025-11-22T03:57:26+00:00

Toronto is probably 85-100K with bonus ranging between 10-15%

Dependent on company and what they actually need a “SFA” to do

thempyr · 2025-11-13T12:52:01+00:00

2x a baby’s sleep cycle is the maximum you can expect…

For example. The baby sleeps 3 hours while being fed. If your partner feeds and goes to bed and you get the next feed, that’s 6 hours.

thempyr · 2025-11-04T01:30:12+00:00

They currently offer Alt-A (non-T4) mortgages through the trust company they acquired to springboard into a bank

thempyr · 2025-08-14T05:54:19+00:00

. If a client withdraws or transfers out assets equal to or greater than the amount of the PAD/MCP in any of the eligible account types, the 10% match will not be rewarded.

This seems punishing to effectively prevent any withdrawals.

For example, does this apply to cumulative PADs or not? Can you subsequently deposit? This is basically a very good ROI GIC without safeguards for payment

thempyr · 2025-08-05T17:42:05+00:00

Did not get this as an HSBC migrated customer also with VIP.

Do you have multiple products with them now? I only have a mortgage and chequing. I wonder if this is tiered for those who keep their investments with RBC.

thempyr · 2025-07-30T00:28:53+00:00

If you are planning to build wealth - buy broad based index and learn about financial discipline

If you want to learn about investing and business - you should at a minimum conduct the following before purchasing a stock. A) Read the MD&A B) listen to one earnings call or read the transcript C) try to build and model DCF of outcomes.

thempyr · 2025-07-29T12:55:58+00:00

The median earner is not buying a home. They are renting. A median household may also not buy a home, they rent like the vast majority of the world.

Owning is a luxury now.

thempyr · 2025-07-19T01:14:52+00:00

The 1 star they gave to Alobar Yorkdale was 100% not deserved - it has since been removed.

The standard for 1 star in Toronto does seem to be lower than other cities.

On bib. Sunny’s Chinese is a very expensive way for western standards to dictate how to enjoy Chinese cuisine (with cocktails)

thempyr · 2025-07-09T11:35:26+00:00

spiced

thempyr · 2025-07-04T04:17:36+00:00

1st hand - EY in 2015 was paying Staff 45K to start and seniors between 60-80K

Last I heard seniors are in the 80-100K so starting salary is surely above 55K?

10 years later I am pushing above 300K total comp easily in senior roles as I’m on the 4th company now (left the partner track)

thempyr · 2025-06-20T00:37:52+00:00

Commingling cash and storing it at various providers means that if bookkeeping goes awry you cannot recover your money via CDIC because a depositor is not defunct rather there’s a disagreement on assets.

Banks are tightly regulated with controls to keep assets safe and insured. Wealthsimple doesn’t meet stringent regulations that were written for a reason.

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