You are doing amazing so far.
The very hardest lesson to learn is selling.
You looked at your stock you did your research and decided that 10 % was good profit?
Type: Posts; User: Oldroe
You are doing amazing so far.
The very hardest lesson to learn is selling.
You looked at your stock you did your research and decided that 10 % was good profit?
I always had TD mortgage. You can move your amortization period anytime. So I always signed a 25 year mortgage and then moved it to 15 or 10 even 11. I would phone the bank and say $500/week and they...
None guess you can't figure it out the op needs to put the correct #'s for their situation .
The fact is you take $1 turn it into $1.46 then add your mortgage savings plus your original $1 is...
This is a good place to max rrsp and put tax return on mortgage.
100k think you would be in 46% tax bracket
You put 10k in rrsp and get $4600 tax return. So it's now worth $14600.00
You...
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I'm sure media has a list of obscure opinion so they can get head lines on slow days and fill space.
The next correction they will trot 5 of these fools in the 1st 30 minutes.
Why waste time...
Please Please make this idiot right. I got money to buy buy buy.
GIC, investment property's, vacation property's, all fees.
When the markets get crushed and everything you have is down 30% the payed off house goes to the bank negotiates a sweet deal gets their...
The more you pay off your mortgage the more leverage you have at the banks. You don't get this leverage with investment portfolios and renting.
Everything at banks is negotiable if you have the...
Remember every thing at banks are negotiable. 1.2 on 500k the bank doesn't want this going to a trust company.
So negotiate a better rate. You can get 1.9 what is the bank doing. Yes they will...
Get a little skin in the game. I believe this is the right way to study the markets.
The thinking that you will move your money from your tfsa to your mortgage is faulty.
Say interest rate starts slowly going up, that will put pressure on stock markets and you get into a situation...
Life starts when the mortgage ends.
This is your opportunity to get the most money on your principal. And yes you need to balance all of these things mortgage, tfsa, rrsp, and still have a life....
The bank wants you in very high mer (Management expense ratio)funds. 2.5% or more.
Banks do what you tell them, It's your job to know.
They will make a big deal about you signing a risk...
You've made 55 years showing no interest in investing. GO SLOW, GO REALLY SLOW.
Look at laddered GIC (BANK) for now.
Stocks and etf's not yet. You need 1 year of hard study that last the rest...
You did what most do, get into a hot area to late.
These are good company's that are likely to be down for a bit. Consider Avg. down. Most just do it. I say do the math, total cost you have...