![All in, let's go](https://preview.redd.it/a0wl31syhxnc1.jpeg?auto=webp&s=b50fcb4af080138def51aab67b389cbcc9a45636)
Wow, nice!!
Man imagine having a $270K TFSA in 2024. I think they are going to nerf this at some point. There are likely people out there with over a million tax free to invest however they want.
Why would they nerf it if only 4-5% of Canadians have maxed out tfsas. When it gets to 20-30% then maybe there could be some nerfing
There will be enough eventually. A dual income couple has 190K right now and growing. Those that maximize it will be able to have incredible portfolios by the time they retire.
My tfsa has 52k and I’m 24. Still haven’t maxed out this years 7k yet either. I personally only know like 2 people personally who max out their tfsas every year. Don’t think it’ll really ever get nerfed tbh
That’s an incredible amount for 24. Well let’s hope many don’t max it out because it’s going to be such a huge advantage having that much tax free money at your disposal.
What do you do for a living and income?
I’m a pipe fitter apprentice and make about 80k a year
Noice.
There are definitely people out there with a million tax free, the account has existed since around 2008 and some people have made off like bandits on speculative plays. But that's a vanishingly small group of people.
I think in a decade or so you will start seeing couples with like 350-400K room between them actually using them as retirement vehicles in stead or in tandem with RRSPs and just investing in an etf could leave people with millions by the time they retire with time.
This is already happening. Except in the highest income brackets the advice is to fill the TFSA first because it doesn't affect OAS and other government programs.
Interesting on the OAS. That for sure will get nerfed by the time most of us retire. People will be paying themselves tax free dividends to top themselves up and make sure they have OAS still.
Nice!!
Holy fuck must be nice ! I have no idea even where to start
Contribute what you can afford with each paycheque, increase it every time you get a pay increase, let time do the hard work
Finally some real numbers. Very annoying seeing people posting their 10 share buys. Nice work
My man
Xeqt 🐋
Can anyone share, which platform people are using to buy xeqt?
Bro, what have you done..
wowsas. what account?
Tfsa
so max 95000. it must have more than doubled. what were you in before to get it to 266k before you dumped it all in xeqt?
Yes, regular buys and sells from 2009-2021. Don't need that kind of stress anymore. I'm happy to ride the XEQT wave now.
Rock n roll.
Not many have $100k’s to invest,out of $266 K a return of just under a 1/2 % daily profit is not much to celebrate about but definitely better than a loss that’s for sure,regardless congrats!
You wouldn’t be satisfied with a 1/2% daily profit…? That’s 183% a year.
User deleted comment
3mo
You’re exactly right! Terrible gains regardless /s
Exactly,pending stock goes up every single day for .5% in a year,in this scenario we have a single day profit of 0.37% and I would highly doubt he’d leave out a 5-6% daily gain from his portfolio unposted,just saying .
Not complaining as I stated a win is always better than a loss besides when you invest such an amount you probably won’t take many risks as I’m sure he’s not taken a profit every single day for 365 days.
Big dog 🐕