Posted by: heckler
You and Elon, in it together, eh?
Except he can afford more than a Twitter login.
Wishing this morning I'd taken a bigger position in Shawcor 6 months ago, it's up 97% since then.
How much do you know about financial independence?
Posted by: syncro
Wishing this morning I'd taken a bigger position in Shawcor 6 months ago
And I wish I’d bought Apple in 1996. Hindsight is 20/20
re VEQT: I set everything up literally a month before all-in-one ETFs were introduced, and I've stuck with The Plan since, except minor changes in asset allocation. The Plan is thoroughly optimized for asset location and taxes, MERs and other costs.
Changing now to VEQT would result in owning international non-eligible dividends in non-registered and a Canadian domicile fund paying US withholding tax in RSP, and a much higher MER than VTI.
VEQT is great advice for someone starting out the journey!
Posted by: heckler
Posted by: syncro
Wishing this morning I'd taken a bigger position in Shawcor 6 months ago
And I wish I’d bought Apple in 1996. Hindsight is 20/20
1996 and May 2022 are pretty far apart
Posted by: heckler
Not sure which, the graphics are kind of poor quality.
Misogynist cartoonists aren't plying their trade as much these days. So you have to dig into the archives to find tropes like this.
Last edited by: Vikb on Nov. 12, 2022, 7:07 a.m., edited 1 time in total.
Most critical to your financial well-being is that you and your partner are on the same page, working together for the same goals. Talk about it. Share open finances together.
Posted by: Vikb
Posted by: heckler
Not sure which, the graphics are kind of poor quality.
Misogynist cartoonists aren't plying their trade as much these days. So you have to dig into the archives to find tropes like this.
crikey boys, kinda feel sorry you're so uptight that you can't have a laugh from that one.
Posted by: syncro
Posted by: Vikb
Posted by: heckler
Not sure which, the graphics are kind of poor quality.
Misogynist cartoonists aren't plying their trade as much these days. So you have to dig into the archives to find tropes like this.
crikey boys, kinda feel sorry you're so uptight that you can't have a laugh from that one.
I laughed.....because its true.
Perhaps the person approaching from the other direction is a Big 6 bank financial "advisor" (a.k.a. sales person) trying to sell high MER actively managed mutual funds?
Posted by: [email protected]
Perhaps the person approaching from the other direction is a Big 6 bank financial "advisor" (a.k.a. sales person) trying to sell high MER actively managed mutual funds?
No exaggeration, I lol'd
Posted by: heckler
I'm curious if we're all invested in carbon frames and tubeless tires, or if there are people other than the two others I can think of that are on the financial independence program.
Some fun numbers for the duration of the thread (in percentages of my after tax income):
2014 - 34% savings rate / 5.6% spent on bike related stuff
2015 - 46% / 6.6%
2016 - 45% / 2.0%
2017 - 48% / 6.9%
2018 - 40% / 3.7%
2019 - 53% / 0.8%
2020 - 49% / 7.3%
2021 - 69% / -1.9%*
2022 - 63% / 2.3% (so far)
* Bike spending is net after selling used gear, the 2021 negative number is due to buying new bike in 2020 but only selling the old one in 2021 due to Covid
Last edited by: [email protected] on Nov. 17, 2022, 2:20 p.m., edited 1 time in total.
Kick Ass Niels!
My mom was surprised when I told her my total portfolio is positive for YTD (including contributions), where their "safe" 50/50 high fee CIBC funds are down more than 10%. They're 80 years old and won't take my low fee index self directed advice, in case it fails (in a way, I'm happy for that). But I was happy to be able to explain to her why her 50% bond allocation crapped out this year, but will fill in the next 8-10 years (if they live that long, shiiiitt....) They also have terrible asset location for taxes, and hardly any US exposure.
One new point of learning for me, in case I or my spouse should die early.
TFSA Beneficiary vs TFSA Successor Holder.
Define your spouse to be a Beneficiary, they will receive your TFSA in cash, to be invested in their own accounts. Thus their TFSA limit stays the same.
Define your spouse to be a Successor Holder, then your TFSA moves to their ownership as a TFSA. Thus their TFSA limit doubles, saving gobs in future taxes.
We signed the forms. They're hiding in your TFSA account brokerage somewhere.
(I hope I understood the meaning correctly! If there are any tax law accountants out there, please pipe up!)
Last edited by: heckler on Nov. 17, 2022, 5:09 p.m., edited 3 times in total.
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