$TSLA $500 Break Incoming and It Will Trigger One of the Most Violent Mega Cap Breakouts of the Year
Tesla has been consolidating since 2022 and hasn’t seen a break of ATHs with momentum since. When $TSLA breaks above 500 this time around it will move to 700 within a couple of weeks.
As of today, $TSLA reclaimed $400 and held. This is very different from what we normally see as Tesla tends to reverse often. If $TSLA can hold 414 this week a push to 423, 450 can come fast.
Tesla’s Optimus
$MU CEO just called humanoid robots a multi-decade demand cycle, noting one humanoid carries ~10x the memory of an autonomous vehicle, the supply chain confirming the demand. $TSLA is the only public company with a humanoid already in production, and paused Model S/X to convert Fremont into an Optimus line targeting a million units a year. The market’s projected near $200B by 2035 (trillions longer-term) and nobody’s pricing Optimus into TSLA yet. When they do, the re-rate is violent.
The Trade Idea
$TSLA above 423
Swing Trade: TSLA 7/17 450C
Day Trade: TSLA 7/7 435C
When a stock consolidates for as long as Tesla has the move that comes after tend to be extremely aggressive. Just look at consolidation break in 2020 for reference.
This is your Net Pay on $1M salary in Ontario 🇨🇦:
Gross income: $1,000,000
Deductions: $838
Adjusted taxable: $999,162
Federal tax: $302,460
Provincial tax: $187,852
EI Premium: $1049
CPP: $3,868
CPP2: $188
Ontario Health Premium: $900
Net Pay: $503,684
Welcome to Ontario 🇨🇦
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@MattWallace888
War Inc. - The real reason the U.S. Gov. went to war with Iraq & staged a coup in Venezuela was for oil & money.
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A couple that makes $20k/mo will live a comfortable life in Toronto, Canada.
Let me walk you through it
$20k per month is $240k a year.
Let’s say each person makes $120,000 per year
In Ontario:
Federal tax: $18,812.49
Provincial tax: $10,128.16
CPP contributions: $4,055.50
EI premiums $1,049.12
Net pay: $85,954.73 per person per year or $7,162.89 per person per month.
Who are we talking about?
A couple. No kids.
For a couple:
Net pay: $171,909.46 per year or $14,325.79 per month.
What does “comfortable” mean?
Let us say you are:
- not living pay check to pay check
- filling retirement accounts
- paying for food, clothing, shelter, transportation
Let us start:
TFSA (equivalent to U.S. Roth IRA): $7,000 per adult per year, or $14k per couple per year total.
But each person contributed $21,600 to their RRSP, paid $30,000 in tax, and had a refund of $8,900 which they used for their TFSA with $1,900 per person to spare.
RRSP (equivalent to U.S. 401k/403b): $21,600 per adult, or $43,200 total per couple.
For retirement (TFSA & RRSP): $43,200 per year or $3,600 per month.
Let’s move to shelter:
A 1b1b condo in Toronto costs $720,000.
This should be affordable for a gross household income of $240,000 per year based on the 20/30/3 rule for buying a home:
1. 20% down
2. Shelter costs less than 30% gross household income
3. Shelter price less than 3x gross household income
If no downpayment the couple needs to find $144,000 for downpayment, $13,275 land transfer tax (assuming first time home buyer otherwise $21,750) and legal. $162k+ Minimum.
Monthly mortgage is $3,400 per month (20% down, 5.1% interest, 25 year amortization)
Plus:
Utilities
Insurance
Property tax
Landscaping
Maintenance
Capital expenditures
You get the picture.
If non-recoverable shelter cost is 2% this is $14,400 per year or $1,200 per month.
Let’s keep it simple and say that shelter equivalent is $4,600 per month
Next add the following:
Groceries: $1,000/mo
Car: $1,000/mo (includes monthly payment, maintenance, insurance, gas)
We are at $10,200 per month.
($3,600 retirement + $4,600 shelter + $1,000 food + $1,000 transportation)
Now add:
$200/mo Emergency fund
$200/mo. Phone & Internet
$400/mo Eating out
$200/mo Entertainment
$500/mo Clothes, Fitness, Grooming, Travel
Total of $1,500
We are at $11,700 per month.
This couple has $2,700 per month to spare and can consider having a child and/or a second car.
Statistics Canada calculated that raising a child from birth until the age of 18 years of age will cost $1,400 per month. This excludes saving for the child’s post-secondary education in an RESP.
In short to live a comfortable life in Toronto with adaquate contributions to retirement, money for shelter, food, clothing, transportation, entertainment, and a future that may include having a child, a couple needs to make $20k/mo.
Otherwise we just decide to sacrifice, and live without something listed above.
Get financially literate. You got this! 🙌