Personal Finance

TFSA - contribution question

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  • Feb 4th, 2015 7:51 pm
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[OP]
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Oct 19, 2014
792 posts
97 upvotes
Waterloo, ON
Thanks guys, that's great because i planned on keeping the original contribution intact and withdrawing any gains made.
Deal Fanatic
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Feb 19, 2010
6237 posts
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syedsalmanshah wrote: Thanks guys, that's great because i planned on keeping the original contribution intact and withdrawing any gains made.
And what do you plan to do when your original contribution drops $2K instead?
[OP]
Sr. Member
User avatar
Oct 19, 2014
792 posts
97 upvotes
Waterloo, ON
Ha! That is also a possibility but i am trying to be wise and choosing my investments very carefully. I'm only investing in high yielding dividend stocks that have been paying steadily increasing dividends for over a decade. I'm trying to avoid volatile stocks. Except for one Oil stock, as the opportunity was too good to pass up, and so far it's way up even after today's beating.

So yeah i understand that it's entirely possible to lose money as well but at least i'll get paid while i sit and wait for the storm to blow over.

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