Looks like you are opening a "Questwealth" Account at Questrade.
Questwealth is a "Robo Investor Service" where they charge you a management fee.
Ignore that and open a self directed account.
|
|
|
Stocks
- Thread starter Boots
- Start date
Questwealth is a "Robo Investor Service" where they charge you a management fee.
Ignore that and open a self directed account.
Opportunity?
Netflix tanking in after hour trading. FB still down with little upside so who knows?
-25% after first drop in subscriptions in 10 years. Dropping $40B in market cap.
Get the CDR and save the exchange NFLX.NE
abcnews.go.com
Netflix tanking in after hour trading. FB still down with little upside so who knows?
-25% after first drop in subscriptions in 10 years. Dropping $40B in market cap.
Get the CDR and save the exchange NFLX.NE
Netflix shares drop 25% after service loses 200K subscribers
Netflix suffered its first subscriber loss in more than a decade, causing its shares to plunge 25% in extended trading amid concerns that the pioneering streaming service may have already seen its best days
abcnews.go.com
Last edited:
Last time it was at these levels was 2018 with ~125M subscribers. They have ~225M now. Stock dropped 40% because they predicted they will lose 1% of subscribers in the first six months of 2022? Was the before price reasonable or the current price? That is quite the reaction for a barely measurable change. Shows just how much prices are affected by sentiment instead of financials.
Interesting that it seems to have also had a major effect on Spotify which dropped about 11 % today.
I recently cashed in my crappy RRSPs and put the money into a new TFSA which I used to buy about 6 ETFs ...base metals, precious metals and resources mainly, so far so good, they haven't really been going down like the rest of the market. Hanging onto my airline stocks with diamond hands.
I actually toyed / thought about the idea of selling everything to just pay the house off...however after tax and witholding fees of the RSPs...I may not have enough to do it. But could probably drop it down to < 100k.
I'm tempted LoL.
Don't do it. It feels good but isn't a great financial decision. You want to keep leverage up on your house. It appreciates by the same number of dollars per year whether you have 80% or 10% of your money in it. In ballpark terms, if you own 20%, your return is ~60%. If you own 90%, your return is ~14%. Obviously interest changes the numbers a little, stagnant or declining house prices change the math as well.
With numbers, theoretical MP has $1M in investable money and a house worth 1M that he needs to pay for. He can use 200K for house and 800K in market, 1M in house and nothing in market or anywhere in between. House has been appreciating at ~20% recently but argue 10% to be conservative. Invested money should get you ~9.2% (assume in RRSP so taxes don't matter now). Call interest on the mortgage 5% just to assume the BOC really turns the screws.
Option 1 $800K in market
House increase=100K
Interest expense=40K
Investment increase=74K
End of year one, you are up 100-40+74=134K
Option 2 $0 in market
House increase=100k
Interest expense=0
Investment increase=0
End of year one, you are up 100K
Even with extremely pessimistic interest rate (and maybe pessimistic home increase, that one is more of a crapshoot), higher leverage on house wins. Obviously in any single year, returns on house or investment can vary wildly. This assumes an average year. Not many people can time the market to pick the best short-term path (and those that do have more luck than skill imo).
EDIT:
This doesn't even consider the kick in the nuts for withdrawing from an RRSP in your peak earning years. It will be hard to find a situation that takes more tax. If you have money in a spousal RRSP, look into pulling it on her mat leave. I'm not sure where the tax lands in that case, it may come back on you so check with someone that knows more.
As GG said not smart but I will probably be doing it in 2 years of rates rise just to eliminate the monthly payment. I also have the cash on hand to do it which makes it simpler.
Sent from my Pixel 5 using Tapatalk
I renew in ~two years. >90% chance I will do variable with fixed payments to allow rates to rise a bit without me feeling it. I'll have 18 years left on the mortgage. For people thinking homeowners have it easy, by the time I'm done I will have paid mortgage payments (and interest) for >30 years.
I have paid mortgage payments for 28 years now and have 22 years left if I let it run to the end 400k left owing at the end of the term in 2 years then 20 years left. Sick of monthly payments that's why I may just end it.
Sent from my Pixel 5 using Tapatalk
Mad Mike
Well-known member
How many kids do you own? I factorored in $50k per in today's money to help with rents and tuition. Then the baby decided to go for a second degree, another $30k.
Also plan on your kids living with you till they are 40, so add in a few extra bucks for food.
RESP took a beating since december (down ~25%) but there is over 30K per kid in it and it has more than a decade to grow (and contribute if I want). I was on track for >200K per kid. May not make that now but that's ok, close is good enough. School will be fine.
Living with us until 40 is a harder one to dodge. Grandparents are getting older, if any money comes from them, that may flow through to housing for children (help with downpayment, I buy they rent, I buy and they buy from me all possible depending on amount, kids attitude/drive and price of housing).
I’m currently variable but MCAP floats the payment. They bumped our rates accidentally at the start so we had that adjusted. Basically each 0.25% raise equals $20-23/payment extra.
We’re also paying an extra $150/payment to ramp up the pay down period.
I’m gonna start sweating buckets if rates hit 6% prime. Still doable but I’ll start considering dumping TFSA/RESP if it goes closer to 10%.
With our first Home Mortgage rate of 11% (1988) , it was our primary goal to pay it off ASAP and we did quickly with sacrifice and increased compensation as our careers grew. Then we upgraded to our current home (1997) and were able to do so with the money saved not paying a mortgage for the previous 5 years.
However, even with today's low rates, the stratospheric home prices make the case for paying off a home a massive challenge.
However, even with today's low rates, the stratospheric home prices make the case for paying off a home a massive challenge.
We tried to pay off our first house quickly. Two incomes and no kids was reasonably successful for a few years. If I had invested the extra money instead of putting it on the mortgage, the second house would have been almost paid off instead of 20 years left.
Did not have a mortgage for 15 yrs or so , bought foreign house on LOC , paid out both , moved to Oakville and took 100k mortgage to do some immediate work . Mortgage will be gone by Sept ( 3 yr payout) and please Jesus , let’s not incur another . I am looking at an industrial unit , I have a tenant lined up for the office space and I get the industrial end , which I’m trying to convince wife doesn’t count …. She’s not buying in yet . Early days ….
Sent from my iPhone using GTAMotorcycle.com
Sent from my iPhone using GTAMotorcycle.com
That sounds like something work needs. They can rent the shop to cover the mortgage. Its overflow inside storage.
It can. I had apple in a cdn$ rrsp account and setup with DPP (dividends purchase shares, I think itrade uses dpp when the company doesnt officially offer drip?).
This is my return on money put into RRSP that’s invested in a medium-high risk portfolio through Scotiabank. Return seems low to me but correct me if I’m wrong (I’ve been busy with a new baby instead of watching markets). Any recommendations on what to change/move is welcome (keeping in mind it’s an rrsp).
|
|
|
|
|