Canada general, haven't had one in a while.
What are your oil/CAD predictions, family?
>Tfw got trolled into probably losing all my money
>Buy VFV when CAD is around 0.70
>CAD goes to 0.71
>TSX IS UP AND OIL EXPECTED TO BE UP SOON
>Literally bought at the worst time and going to lose a ton of money if it keeps going up
Should I sell now and buy the same ETF but CAD-hedged?
What are my Canadian niggas doing?
>He actually listened to his parents
Protip: NEVER listen to your parents, do the opposite of what they suggest
>"Anon teach us about investing! How do we get started?"
>"Anon you know you shouldn't study Finance because there's going to be a huge depression and no one will need Financial analysts or anything, right?"
Yeah ok mom.
If you can afford $1.5k/month for rent then I'd move to Rosedale.
>No niggers or subhuman poorfags(they simply cannot afford it)
>Peaceful as heck
I don't even live there but I have a few friends that do and I've visited them and it is like heaven on earth.
I'd also probably consider the apartments at Forrest hill/ st clair or along the lakeshore, the areas there seem nice as well
Anyone think the housing markets gonna crash soon? I wanna be ready when it does
I wish I bought RY and DOL like 5 years ago.
What do you guys think about buying CAD-hedged s&p ETFs rn? Is it a good idea? I can't really make sense of where CAD is headed.
haha, yeah dollarama is the real american dream success story.
I dunno bro, personally i think the dollars gonna sink a little more in the near future. I'm going to stateside on a road trip and bought american cash now to hedge.
3 years ago, I was kicking myself for listening to my gf and not moving to Alberta (for the sake of the relationship). That angel was looking out for me.
I mean it could go both ways. Significant signs it could fall a bit more and stay rather low... but equal amount showing it could start its rise again. Who knows desu.
I regret missing out on Alberta man. I wish I worked with some dirty drug addicts on an oil rig for like 5 years and made a fuck ton of money and just bailed afterwards. Who knows though - I probably would've spent it like a retard back then.
Same here, man. I really dig the minimalist lifestyle so I wish I could find an opportunity like the Oil rig scenario you just described, or something similar to what those guys were doing in the Revenant movie.
What's best place to have bank account and tfsa?
I feel like BMO yanking my chain, whenever i try to move money in my tfsa they make it as difficult as possible and only recommend me one portfolio...
Government at all levels is fucking everything around. With our dollar being so fucking worthless we should have a ton of companies wanting to come here, but provincially there simply isn't a good province to invest in. Ontario for example will drain a business dry just paying hydro costs to the point it isn't worth it.
Really we need a PM who isn't afraid of anything and will tell people like Kathleen "Scandal of the week" Wynne to fuck right off and fix their shit, but it wont happen because people simply wouldn't vote for such a competent leader.
I was thinking this too with our weak Canadian dollar, why would people not want to invest into us?
I was thinking of ideas to take advantage of this situation but it seems there's too many taxes, shipping costs, extra costs, etc to actually be profitable
I don't think our dependence on oil will change until we change policies and rules for businesses
It doesn't help that Trudeau is our leader either lol
cad is going down the toilet. oil is having a pause but wont "recover" ever again really. 20-40
I dont think so. it's worse than it looks for few years term
>Till March, then it costs $75 to move your TFSA to other banks.
Just saw this literally 30 mins ago.
Damn... I was planning on dipping to QTrade or something soon, QTrade says they cover up to like $150 of fees or something to switch over.
I could go for some housing correction, I would just hope that I don't lose my job in the process from some tangential consequence of that happening. Frankly I think this country has so much dead weight and useless value(like expensive houses that do nothing for the economy) that I don't really see a solution in sight. Shoulda jumped ship to Merica.