@TheCADInvestor@latwttb284452@grok How does someone grow it to 5 million dollars? What should be grown rate to achieve that result? Will those accounts donโt get flagged by CRA for potential day trading which is not allowed in TFSA ? Please explain
@LegacyPathCA Many financial planners know this is not straightforward decision for many, in-fact in many cases it is prudent to take early CPP but most of the advisors push towards late withdrawal and I wonder why?
@ShaziGoalie Blind bidding and commission based on sale price must be made illegal. RE agents must be paid per hour for the services they provide and they must sign fiduciary contracts to ensure protection of clients as home purchase is one of the biggest decision.
@Derricktgoat A $90,000 salary in Ontario leaves you with a net pay of roughly $5,500 per month after taxes and deductions. You are miscalculating $1000 per month๐
@financedystop Winning $1K weekly prize for lifetime at 20 is great but how you manage your rest of the life is crucial for happiness. Weekly pay check of 1K could be great for someone or it could be just pocket change for someone else.
Past winners might have real idea.
@nicktoor1@MarioNawfal From 1975 to 2026 is 51 years. IRR on $39k โ $1M is ~6.57% annualized.
(That's solid but nothing crazy after inflation and maintenance costs.)
@tomislav_rupic@BrianRoemmele That may be generally true in many cases but I wish the order of sequence should be reverse. The success should be judged by the quality of ideas not by the ability to speak. Good speakers can be good sales people not innovators who create products.
Patrick Winston taught engineering at MIT for 50 years.
This is his last lecture.
He died 5 months after recording it.
It was his final gift to the world.
1000s of the greatest minds passed through his classroom and went on to engineer the world.
He has some wisdomโฆ
@ronmortgageguy@francesdonald If the gap between haves and have nots increases, the society becomes very polarized similar to what happens in developing countries with large population. Thatโs not good for many people, it would result in social unrest.