Personal Finance Canada

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Wednesday: Stock Market and Investments (lemmy.ca)

submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]

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It’s time to talk about investments, no matter how diverse they may be. Whether it’s in stocks, cryptocurrencies, ventures, but also Pyramid schemes, Ponzi schemes, multi-level marketing, and slot machines (cc @[email protected] ), let’s discuss them! Ask questions, discuss the markets, or compare your portfolios.

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[–] [email protected] 3 points 1 year ago (1 children)

Finally, a personal finance community where I can share my Ponzi Scheme!

In all seriousness, just plain old $VEQT for long-term and $CASH or $PSA as a HISA for <5 year time horizon purchases / savings (depending on which has a higher return at the time). Boring and effective. The latter two give a combo of interest and dividends which is taxed more favourably than an actual bank HISA with the same return.

I also use my "fun money" primarily towards psych stocks like $CYBN and $NUMI which I am long on. Finally, I'm considering putting some of my future fun money allotment into a clean energy ETF so that if I ever live somewhere with the ability to install solar panels, then I can use those funds. In the meantime, I'd be passively contributing to the progress of renewable tech. The fun money is completely separate from retirement and savings, and more to scratch that itch since I know it's not a viable long term investment strategy.

I also have a small portion each month invested into Bitcoin and Ethereum (staked) which, too, is independant from retirement/savings.

[–] [email protected] 2 points 1 year ago* (last edited 1 year ago)

Hahaha boring and effective is generally the best way, thank you for sharing !

What's the split on your serious money/fun money/crypto investments? Do you do any rebalancing?

The latter two give a combo of interest and dividends which is taxed more favourably than an actual bank HISA with the same return.

Are you sure about that? If I remember correctly, tax treatment is the same between these ETF interests and regular savings accounts interests, ie added to income and taxed at your marginal tax rate.