MC Hammer...
One thing I am happy about is finding my wife. She isn't frugal as I am, but she shares the same vision as I do about money.
Anyone investing heavily this year??
- Thread starter rph2005
- Start date
MC Hammer...
One thing I am happy about is finding my wife. She isn't frugal as I am, but she shares the same vision as I do about money.
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Thanks! I usually save notes from the newsletter in Notion, but this right here looks like a one stop shopOnline Flipbook Maker - Create Digital Flipbooks with Publuu
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Thanks! I usually save notes from the newsletter in Notion, but this right here looks like a one stop shop
Yeah this dude is one of my favorite follows on Twitter and all the free information he provides.
Nah I just read up and do personal DIY investing for now. Besides that and building up my savings cushion, I keep it simple and don't really need a FA at this point (no kids, no RE etc.).
I think @BronxBomber mentioned using a financial advisor in the past though
I don't either.
Sidenote: My wife has a BA & Masters in Finance. Right out of school she was recruited by Edward Jones. She didn't like how they were told to take advantage of customers. She couldn't do that, so she didn't stay.
Nah I just read up and do personal DIY investing for now. Besides that and building up my savings cushion, I keep it simple and don't really need a FA at this point (no kids, no RE etc.).
I think @BronxBomber mentioned using a financial advisor in the past though
Thanks for the input fellas. I was just thinking about is that a good move or not, but your feedback was helpful.
Yeah thanks! I will definitely listen.
Just looking for feedback on whether or not I am being efficient or not (taxes and maximizing my returns)
I did talk to a financial advisor last week just a preliminary discussion and it was kind of interesting, but I think like what you and hellboy indicated, you can really just do everything on your own....
This was very helpful. I am mostly concerned about what kind of stocks, etfs, and etc. should I have in my taxable account.
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I have an account with vanguard and they offer free preliminary consultations.
Word I hear you. And everyone's situation and goals are diff so diff strokes for different folks.
I noticed that Scott Trench (the BiggerPockets CEO) mentioned briefly in that podcast I posted that he puts a certain percentage of his RE earnings into Index Funds... and the other portions in 2 other places (can't recall off dome). I believe that you said to have a rental property as well, so it might be worth it to research his style a little more.
Couple weeks old article but interesting
France strong-arms big food companies into cutting prices
By Benoit Van Overstraeten and Leigh Thomas
June 9, 20231:28 PM CDTUpdated 11 days ago
SummaryCompanies
Food producers agree price cuts at meeting - ministerMinister threatens to name and shame if cuts not madeFood prices high despite declining input prices
PARIS, June 9 (Reuters) - French shoppers should pay less for their food from next month, Finance Minister Bruno Le Maire said on Friday, after he secured a pledge from 75 food companies including Unilever (ULVR.L) to cut prices on hundreds of products.
The companies, which together make 80% of what the French eat, could face financial sanctions if they don't follow through, Le Maire said.
The government is furious that supermarket prices have hit record levels in recent months even though the costs of many raw materials used by food producers have been declining.
Improved harvest prospects have helped push the United Nations' index of world food commodity prices to a two-year low.
France's finance minister has previously threatened to claw back what he described as "undue" profits from food companies with special taxes if they did not pass on their own lower costs to consumers already struggling with high energy bills.
"As soon as July, prices of certain products will go down," Le Maire told BFM TV on Friday, after meeting food industry representatives a day earlier.
"There will be checks and there will be sanctions for those who don't abide by the rules
www.reuters.com
France strong-arms big food companies into cutting prices
By Benoit Van Overstraeten and Leigh Thomas
June 9, 20231:28 PM CDTUpdated 11 days ago
SummaryCompanies
Food producers agree price cuts at meeting - ministerMinister threatens to name and shame if cuts not madeFood prices high despite declining input prices
PARIS, June 9 (Reuters) - French shoppers should pay less for their food from next month, Finance Minister Bruno Le Maire said on Friday, after he secured a pledge from 75 food companies including Unilever (ULVR.L) to cut prices on hundreds of products.
The companies, which together make 80% of what the French eat, could face financial sanctions if they don't follow through, Le Maire said.
The government is furious that supermarket prices have hit record levels in recent months even though the costs of many raw materials used by food producers have been declining.
Improved harvest prospects have helped push the United Nations' index of world food commodity prices to a two-year low.
France's finance minister has previously threatened to claw back what he described as "undue" profits from food companies with special taxes if they did not pass on their own lower costs to consumers already struggling with high energy bills.
"As soon as July, prices of certain products will go down," Le Maire told BFM TV on Friday, after meeting food industry representatives a day earlier.
"There will be checks and there will be sanctions for those who don't abide by the rules
France strong-arms big food companies into cutting prices
French shoppers should pay less for their food from next month, Finance Minister Bruno Le Maire said on Friday, after he secured a pledge from 75 food companies including Unilever to cut prices on hundreds of products.
@DC_Dude
My homegirl does the same. I hear Fidelity is good with that too.
I'm with M1, they don't really offer consults (that I know of) but the foundation of both my taxable brokerage and Roth is a low-fee broad market index etf + a total international etf. Then a few individual companies wrapped around those.
Thanks bro
Yeah I have Fidelity also so I am going to reach out to them....I think they do offer consultations for free too. ..
i only needed one once. when i started working in 2006. matter of fact, i don't know how he found me but somehow he did. He helped me set up life insurance, disability and some general basic investing. looking back, i didn't need him for any of that but i am still glad he came into my life because sometimes you get caught up so much with life you forget to pay attention to things like that. Either way, fast forward to today, only thing i still have from that relationship is my term life insurance. I closed my disability at the beginning of this year and the stock portfolio i had with them i closed that out in 2010 when i need capital to go into business for myself @DC_Dude
Thanks bro
Rivian to adopt Tesla's charging standard in EVs and chargers
Electric vehicle maker Rivian said on Tuesday it will adopt Tesla's charging standard, giving Rivian customers access to the biggest U.S. charging network and adding momentum to Tesla's bid to set the industry standard.
www.reuters.com
Food retailers raised the prices by 100% and the government did nothing. The government lays the smack down on them and get them to give up 80% of their price goug… taking and looks to the public to be treated like Robin Hood.Couple weeks old article but interesting
France strong-arms big food companies into cutting prices
By Benoit Van Overstraeten and Leigh Thomas
June 9, 20231:28 PM CDTUpdated 11 days ago
SummaryCompanies
Food producers agree price cuts at meeting - ministerMinister threatens to name and shame if cuts not madeFood prices high despite declining input prices
PARIS, June 9 (Reuters) - French shoppers should pay less for their food from next month, Finance Minister Bruno Le Maire said on Friday, after he secured a pledge from 75 food companies including Unilever (ULVR.L) to cut prices on hundreds of products.
The companies, which together make 80% of what the French eat, could face financial sanctions if they don't follow through, Le Maire said.
The government is furious that supermarket prices have hit record levels in recent months even though the costs of many raw materials used by food producers have been declining.
Improved harvest prospects have helped push the United Nations' index of world food commodity prices to a two-year low.
France's finance minister has previously threatened to claw back what he described as "undue" profits from food companies with special taxes if they did not pass on their own lower costs to consumers already struggling with high energy bills.
"As soon as July, prices of certain products will go down," Le Maire told BFM TV on Friday, after meeting food industry representatives a day earlier.
"There will be checks and there will be sanctions for those who don't abide by the rules
France strong-arms big food companies into cutting prices
French shoppers should pay less for their food from next month, Finance Minister Bruno Le Maire said on Friday, after he secured a pledge from 75 food companies including Unilever to cut prices on hundreds of products.
Progress isn’t getting taken for 20%.
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investors.rocketlabusa.com
$RKLB
Rocket Lab to Launch Space Object Monitoring Mission For Spire Global & NorthStar
Launching no earlier than September 2023, the mission will deliver the first of NorthStar’s commercial Space Situational Awareness (SSA) satellites built by Spire Global. Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a global leader in launch services and space systems...
investors.rocketlabusa.com
$RKLB
Just been moving some money around lately.
Our union locked in a new CBA for us in recent months, so we got our retro pay from April 1st, 2022 to March 31st, 2023 earlier this week.
I used that to cover a good portion of the home property taxes recently paid.
Had some of my RRSP savings (GICs) mature recently. Some in March, and the rest of it yesterday. Got a call this morning asking me how I'd like to proceed with it, as I'd notified them in a prior call I'd probably be transferring my money out to another bank I deal with. They were cool with that, and I did that phone call this morning and walked through the transfer process over the phone with one of their reps.
Have some other GICs maturing later this year (late-August and early-October). Just over $150k worth.
I've already maxed out my RRSP and TFSA contributions for the year.
I would like to contribute more to my RRSP portfolio (registered retirement savings portfolio), but our pension plan (MPP - municipal pension plan) cuts into that allotment / allowance, which is frustrating (i.e. - just leaves you a small window of room to contribute). I liked being able to further lower my taxable income, and increase the tax season refund in the process by going big with my RRSP contributions years back. The Matching RSP plan was back in the early-2000s ... but pension plan in place since 2005/2006.
Feeling in a good place though. Like I've said before ... it's a bit easier to save in the 2nd half of the year. All the big bills are out of the way in the 1st half of every year (utilities / home insurance / car insurance / property taxes & such). 2nd half of the year = better for savings and just general bills.
Our union locked in a new CBA for us in recent months, so we got our retro pay from April 1st, 2022 to March 31st, 2023 earlier this week.
I used that to cover a good portion of the home property taxes recently paid.
Had some of my RRSP savings (GICs) mature recently. Some in March, and the rest of it yesterday. Got a call this morning asking me how I'd like to proceed with it, as I'd notified them in a prior call I'd probably be transferring my money out to another bank I deal with. They were cool with that, and I did that phone call this morning and walked through the transfer process over the phone with one of their reps.
Have some other GICs maturing later this year (late-August and early-October). Just over $150k worth.
I've already maxed out my RRSP and TFSA contributions for the year.
I would like to contribute more to my RRSP portfolio (registered retirement savings portfolio), but our pension plan (MPP - municipal pension plan) cuts into that allotment / allowance, which is frustrating (i.e. - just leaves you a small window of room to contribute). I liked being able to further lower my taxable income, and increase the tax season refund in the process by going big with my RRSP contributions years back. The Matching RSP plan was back in the early-2000s ... but pension plan in place since 2005/2006.
Feeling in a good place though. Like I've said before ... it's a bit easier to save in the 2nd half of the year. All the big bills are out of the way in the 1st half of every year (utilities / home insurance / car insurance / property taxes & such). 2nd half of the year = better for savings and just general bills.
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Peace yall.Nah I just read up and do personal DIY investing for now. Besides that and building up my savings cushion, I keep it simple and don't really need a FA at this point (no kids, no RE etc.).
I think @BronxBomber mentioned using a financial advisor in the past though
Yes I still have Id say 60% of my retirement type money with Edward Jones, the other 40% I manage in Robinhood. I know cats dont like it but the interface helps me keep it simple.
Won't lie its ebbs and flows, in the beginning I needed a professional to help and guide me through, then when the market was red hot Im like boy my account with Edward Jones aint moving like mine...... Well when it came falling down, I was thankful for the professionals. My draw down was not nearly as bad in the professional account where as my account if that was it I would have been trying to cop a brick to get back right lol.
What I realize about Edward Jones is they have guidelines they just will not do or cross, when I was like yo I want ARK stocks, he was like sorry bud we dont have those, the guidance in risk management won't allow it. Also peep below:
(THIS IS NOT TO FLOSS, I know cats here got real bread this just to show how time plays a major part in the accumulation of gains)
This is AMD I have 50 shares that EJ got me into at 12.87 in 2018 - AMD is 109 I think now. (643$ is worth 5500 now)
2/2/2018. 50 $5,500.50 $643.68 $12.87
I have least 10 stocks up crazy that I didnt really know would be what it is. I mean in 2018 nobody was like yo get into chips.
Im fortunate to have a couple of incomes so I can put in alittle more in then some.. Even in my own now though I do MOSTLY Blue Chips. EVERYDAY....
$25.00 of MSFT
$25.00 of Apple
$20.00 of Alphabet
$15.00 of Amazon
$15.00 of VOO
$15.00 of VGT
$10.00 of WM. (There were good to me and nice dividends).
Im at the age and mind state I like to go to sleep and not be like shit my portfolio is 40% down. Which it was when the shit hit the fan and I had Coin, GNUS, and all kinds of other goofy ish in my holdings.
Nice Fam...Thanks for the input...
Question - is there alot of overlap with VOO and VGT?
Some, but it's more like VOO has most of what VGT is, which is ALL TECH.
So when tech is going crazy... VGT is going nuclear. I got in at $344.84 Im up (+25.93%)
This is only in my personal but its like if I had bread bread..... Man. I might have bough BGOL...
I through a decent amount of change in but again look at the top holdings. Also it's VANGUARD they are not going to lose my money.- Apple Inc. 21.67% $12.70B. ― $2.91T. 41.40% ...
- MSFT. Microsoft. 21.10% $12.36B. ― $2.55T. ...
- NVDA. Nvidia Corporation. 5.18% $3.04B. ― $1.05T. ...
- AVGO. Broadcom Inc. 3.08% $1.81B. ― $358.26B. ...
- CRM. Salesforce.com. 2.05% $1.20B. ― $206.25B. ...
- CSCO. Cisco. 1.87% $1.10B. ― ...
- ACN. Accenture Plc. 1.78% $1.04B. ― ...
- ADBE. Adobe Systems Incorporated. 1.76% $1.03B. ―
- AMD
- Oracle
My Fault @DC_Dude just a disclaimer this is in my personal, so it is very tech heavy, my yo Im good money is with EJ, this my Im buying 2 Vietnamese women money. (Joke... kinda) lol
Some, but it's more like VOO has most of what VGT is, which is ALL TECH.
So when tech is going crazy... VGT is going nuclear. I got in at $344.84 Im up (+25.93%)
This is only in my personal but its like if I had bread bread..... Man. I might have bough BGOL...
- Apple Inc. 21.67% $12.70B. ― $2.91T. 41.40% ...
- MSFT. Microsoft. 21.10% $12.36B. ― $2.55T. ...
- NVDA. Nvidia Corporation. 5.18% $3.04B. ― $1.05T. ...
- AVGO. Broadcom Inc. 3.08% $1.81B. ― $358.26B. ...
- CRM. Salesforce.com. 2.05% $1.20B. ― $206.25B. ...
- CSCO. Cisco. 1.87% $1.10B. ― ...
- ACN. Accenture Plc. 1.78% $1.04B. ― ...
- ADBE. Adobe Systems Incorporated. 1.76% $1.03B. ―
- AMD
- Oracle
My Fault @DC_Dude just a disclaimer this is in my personal, so it is very tech heavy, my yo Im good money is with EJ, this my Im buying 2 Vietnamese women money. (Joke... kinda) lol
Very impressive bro.
Thanks for sharing...
This all day. Time in the market beats timing the market.
I was fucking around in 2016 just buying stocks of companies whose products I used or knew people were using and didn't think much of it. Didn't invest a whole lot of money. But over time, those purchases ended up turning into real money.
I just wish I took investing a bit more serious back then. Matter of fact, I didn't start seriously investing until I found this thread, lol.
Also going to reinvest my TFSA when it matures later this year (late-September). Should be around 89 - 90,000 then. It's been helpful to have as additional peace of mind over the years. You can contribute the max or as little as you want. Conservative or higher risk. Whatever suits your interests. Some people contribute annually ... others wait a few years and dump a bunch in.
Hoping to combine the TFSA with RRSP, MPP, CPP, OAS, savings and such in retirement (aiming for the late-2030s).
I.E. - Tax-Free Savings Account / Registered Retirement Saving Plan / Portfolio / Municipal Pension Plan / Canada Pension Plan / Old Age Security / other investments and savings.
Everything You Need to Know About Tax Free Savings Accounts (TFSAs) | Wealthsimple
A Tax Free Savings Account is not only one of the great wonders of the world, it’s also one of the great misnomers of the English language. Why is that? Well, it’s so much more than a boring savings account.
www.wealthsimple.com
What is a TFSA and how does it work? | TD Canada Trust
One of the best ways to save more is by keeping more — and giving less away in taxes. A Tax-Free Savings Account (TFSA) can help you do that. Learn more.
How to 10X Your TFSA Wealth
If you want to 10X your TFSA, you need to find great stocks and stick with them for the long term. Here are three top Canadian performers.
www.fool.ca
Tax-Free Savings Account (TFSA), Guide for Individuals - Canada.ca
A Tax-Free Savings Account is a new way for residents of Canada over the age of 18 to set money aside, tax free, throughout their lifetime.
Also going to reinvest my TFSA when it matures later this year (late-September). Should be around 89 - 90,000 then. It's been helpful to have as additional peace of mind over the years. You can contribute the max or as little as you want. Conservative or higher risk. Whatever suits your interests. Some people contribute annually ... others wait a few years and dump a bunch in.
Hoping to combine the TFSA with RRSP, MPP, CPP, OAS, savings and such in retirement (aiming for the late-2030s).
I.E. - Tax-Free Savings Account / Registered Retirement Saving Plan / Portfolio / Municipal Pension Plan / Canada Pension Plan / Old Age Security / other investments and savings.
Everything You Need to Know About Tax Free Savings Accounts (TFSAs) | Wealthsimple
A Tax Free Savings Account is not only one of the great wonders of the world, it’s also one of the great misnomers of the English language. Why is that? Well, it’s so much more than a boring savings account.
What is a TFSA and how does it work? | TD Canada Trust
One of the best ways to save more is by keeping more — and giving less away in taxes. A Tax-Free Savings Account (TFSA) can help you do that. Learn more.www.td.com
How to 10X Your TFSA Wealth
If you want to 10X your TFSA, you need to find great stocks and stick with them for the long term. Here are three top Canadian performers.
Tax-Free Savings Account (TFSA), Guide for Individuals - Canada.ca
A Tax-Free Savings Account is a new way for residents of Canada over the age of 18 to set money aside, tax free, throughout their lifetime.www.canada.ca
Yo, this TFSA sounds like what a Roth IRA should be! Carry forward unused contributions, no MAGI limits, withdrawal without penalty (no 59.5 age, qualified withdrawal requirement)?!?!
But you can't transfer a Roth IRA to a TSFA. Plus you'd need to be a Canadian resident. Damn, lol. Canada has all the fun.
Yeah - it's been pretty good.
Just looking back at past contribution room ... looks like it's always been in that $5000 - 6500 range. That one year (2015) they allowed for $10,000 max contribution.
Alot of people have said they wouldn't mind seeing 10 - 15,000 contribution room.
But of course the government and CRA (Canada Revenue Agency) won't let that happen. They'll allow you to contribute more to your RRSP (to lower your taxable income), but of course they get a piece of that later in life when you make withdrawals. And of course - like everywhere - they always get a piece of your "investment income" when you're just trying to make smart decisions and get ahead, lol. It's ridiculous.
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@Aww Skeet Skeet!
When I was focusing on mutual funds previously with RRSP portfolio ... I mostly kept it at 90% medium risk, 10% high risk.
Mom said just get into the habit of investing ... no matter how small the amount. So she encouraged me to start that up back in 2000. Broke college kid - I put a few hundred bucks in.
When I was focusing on mutual funds previously with RRSP portfolio ... I mostly kept it at 90% medium risk, 10% high risk.
Mom said just get into the habit of investing ... no matter how small the amount. So she encouraged me to start that up back in 2000. Broke college kid - I put a few hundred bucks in.
The part that kills me is this:
"If you’re contributing in 2023 for the first time, you’re eligible to deposit $88,000 in total contributions, provided you’ve been over 18 years of age since 2009 and have a valid social insurance number."
Man, This right here has me about to write my Senator, Lol. If the IRA had something for unused contributions, that shit would be a game changer.
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