Has the Pandemic changed the way you do or will invest? I want to have a conversation about 2020 and what happened investment-wise as opposed to a discussion about what investments do and don't work in someone's opinion. I think we can all agree there are many ways to invest to ...
Both my wife and I have wills, naming each other as the main beneficiaries. If we're not around, then the moolah goes to the kids. However for our investment accounts and pensions, should we specifically name each other as beneficiaries, or just name the estate, and why? Currently they are set ...
Jan 10th, 2021 2:02 pm
For investors of this forum, what is your net cashflow per month? Net cashflow is defined as: rent - maintenance (average per month) insurance taxes management fees mortgage payment Have you achieved financial independence using real estate investments? If not, do you think you will be able to in th...
Jan 3rd, 2021 10:53 pm
My first post here :)I have group DC pension plan and group RRSP, TFSA all maxed out. Also I have about 100k sitting in HISA, wondering what's everyone's opinion on using Questwealth for this money?
... want to capitalize on the low mortgage rate by taking out a larger mortgage and investing the excess. We would like some advice regarding what our investment options can be. Our investment options: Maxing out our TFSA and RRSP Taking a second mortgage to purchase a rental property ?? (Additional ...
Dec 26th, 2020 3:27 pm
... condo market crashing...or not. This post isn’t to start another discussion on this front, instead to identify potential properties for long term investment. I’m interested in a pre-construction condo, possession in 2-3 years. I believe the general rule of thumb is to get something in the $1000-1200 ...
Dec 24th, 2020 12:04 pm
Dec 22nd, 2020 5:29 pm
I am looking to purchase a property from someone I know, with the intention to sever and build. The purchase would entail a regular purchase process with the downpayment since the purchase will be financed. From the very beginning, the seller wanted to rebuild together but due to his financial situa...
Dec 17th, 2020 5:29 pm
I am looking to spend $375K on a investment property. I was initially focused on Ottawa because of familiarity (used to live there) and affordability. However, recently I've been considering London area as well which is a little cheaper. ...
Dec 15th, 2020 9:27 pm
... day trading for last few month and i am up about 20K in profit over . I couldn't use TFSA since i already used up all my contribution room. Tax on investment income is very high. so what should i do for this year ? and maybe opening up business account be better ? Any help would be great.
Has anyone purchased a home in Costa Rica, Caribbean, or Mexico as a vacation home but also as investment? I’m particularly interested in Costa Rica but looking for input from anyone who has firsthand experience with this? I know there are certain rules in place in CR ...
Dec 9th, 2020 12:45 pm
Hello, I wish to purchase US ETF in my TFSA. I have US dollars, but l don't have contribution room. So l was thinking of getting rid of my CAD ETFs before year end and withdrawing the CAD so that l can contribute USD. But I realised if l sell all my CAD ETFs right now, l will give up the end of year...
Dec 8th, 2020 8:07 pm
Had a chat with a friend last night about him interested in investing either in a precons Townhouse in Collingwood or buy a resale condo (Transit City condos) in Vaughan. The price is around $500k for both properties and both will have monthly maintenance fees. 1) Resale condo in Vaughan (Transit ci...
Nov 30th, 2020 1:25 pm
I'm looking for a low risk and liquid investment option (non-registered) for ~$100k USD. Something with a lot less volatility and more liquidity than ZWH-U but I'm also wary of something like AGG given its sitting at all time highs and we're ...
Hello, I am looking for a specific investment product, similar to an annnuity, and would like to know what it is called and if it could be held in a TFSA. First, I put money in. A year later, I get a payout of, say, CAD 2400. Every year thereafter, ...
Hi ! I have around 190 000$ invested in ( tfsa 92 000, rsp 68 000, non reg 29 000) I am in the process of buying a duplex in 2021. ( around june) I need around to put around 10 000 ( cashdown etc...) What are my best options : 1- Don t invest in tfsa, rrsp and non-reg in 2021 to get my 10 000$ 2- Co...
... maybe is for AB only. Three "easy" steps: Open a chequing or savings account, Invest $1,000, add an additional product and we add $500 to your investment. Servus has various chequing accounts, and the account with the lowest minimum to wave fees is called Plan 30: $3000 minimum for wave fees; ...
Oct 18th, 2020 3:34 pm
Has anyone tried the BRRR investment strategy? BUY - under value RENOVATE - cosmetics RENT - for 1% post renovate price REFINANCE - after higher appraisal price and pull out up to 80% of house value minus mortgage. I’ve done some research ...
Oct 17th, 2020 1:04 am
... some nice lakeside town homes in Stoney Creek Hamilton. Prices are reasonable compared to properties in other places. Was wondering is it a good investment ? Also how is it living there ( I am also considering moving out of my condo in Mississauga , still not decided on that. I work in Mississauga ...
Oct 12th, 2020 3:57 am
... apt to rent. She is not working and no other income for her. What you would recommend or what you would be doing? Do you recommend any type of investment or idea ? Thank you very much.