Investing

Locked: How I doubled my TFSA in 2017

  • Last Updated:
  • Nov 11th, 2017 8:40 am
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Newbie
Feb 11, 2016
71 posts
72 upvotes
MasterBD wrote:
Nov 8th, 2017 5:49 am
This guy will most likely get rekt by the CRA for using his TFSA to carry on transactions akin to business income.
I wish I could get rekt like that too
rekt me now
Deal Addict
User avatar
Apr 12, 2012
1433 posts
291 upvotes
Toronto
philland wrote:
Nov 7th, 2017 12:50 am
Saw this posted on another forum:

Image
Which forum is this lol
Newbie
Nov 25, 2009
85 posts
17 upvotes
Vancouver
Look at this fancy boi (not me)


.. a lot of people got rich that day
Images
  • received_10159528711160453.jpeg
Deal Addict
Dec 11, 2007
1728 posts
297 upvotes
Markham
Too bad when it goes the other way, we won't see any "how i lost 90% in my TFSA" posts
Deal Addict
Jan 20, 2016
1360 posts
512 upvotes
Houston, TX
zobi123 wrote:
Nov 8th, 2017 8:19 am
Which forum is this lol
5 min in any browser you could make ANY return possible.

Just curios how this person could get 150k in his TFSA as "base price"??
Weed - base price ~$9, 5300 units, 48k base price
Weed C 20JUL18, should be 1.65 per unit , with 55k units it's ~90k.

So, this weeder had 150k in his TFSA BEFORE he made those gains...
(in other way, 98k gained 116% was 48k and 450k gained 500% was ~90k)

Is it my math wrong or else?

p.s. TFSA room for 2017 is 60k afair
Make the Trudeau drama teacher again!
Deal Addict
User avatar
Oct 25, 2001
2622 posts
95 upvotes
Oakville
asa1973 wrote:
Nov 10th, 2017 1:38 pm
5 min in any browser you could make ANY return possible.

Just curios how this person could get 150k in his TFSA as "base price"??
Weed - base price ~$9, 5300 units, 48k base price
Weed C 20JUL18, should be 1.65 per unit , with 55k units it's ~90k.

So, this weeder had 150k in his TFSA BEFORE he made those gains...
(in other way, 98k gained 116% was 48k and 450k gained 500% was ~90k)

Is it my math wrong or else?

p.s. TFSA room for 2017 is 60k afair
He could have bought and sold other stocks / options and dramatically grown his TFSA to a point where the base had risen to over $150k before taking this approach.
Moderator
May 28, 2012
9431 posts
1775 upvotes
Saskatoon
Pointless thread.

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