PitfallsTo be financially successful and build a large investment portfolio, you need to do a lot of things right (start early, do your research, be disciplined) and avoid common investor mistakes and pitfalls.

For example, Jesse Livermore is one of the greatest traders of all time, but few people know about him. He started trading stocks as a 14-year-old boy in the early 1900s and made millions throughout his career. He correctly shorted the market in 1929, just before the Great Crash, and his net worth peaked at over $100 million (worth $1. 5 billion in today's dollars). But during his winding career, he made and lost wealth, and eventually lost it all, taking his own life in 1940.

In today's blog, we'll talk about common investor pitfalls to avoid becoming like poor Mr. Livermore.

First, excessive trading will almost certainly reduce your overall performance and the value of your portfolio. Numerous academic studies have shown that, on average, more active traders perform worse than more disciplined long-term investors.

One study found that highly active traders underperformed the overall market (S& P 500) by 6. 5% annually. Another study of 10, 000 accounts at a U. S. discount brokerage found that stocks purchased by clients underperformed stocks sold by those same clients by 5% in the first year and 8. 6% over two years. Essentially, the more active the trader, the worse they perform.

Lack of experience, high trading fees, and behavioral biases are the reasons for this underperformance. Many investors suffer from overconfidence. Overconfidence is the tendency to be overconfident in one's abilities, whether it be driving, gambling, or investing.

Second, investors who try to time the market are usually disappointed and underperform buy-and-hold investors. Time in the market is more important than timing the market. Here's a great chart to back it up: This shows the difference in returns between an investor who stays fully invested in the S& P 500 and an investor who times their investments.

If you miss the 10 best trading days, your portfolio will be 54% lower than if you stayed fully invested. If you miss the 30 best days, your portfolio will be 83% lower. So stay invested for the long term!

The impact of missing the best trading days

Source: Ned Davis Research, Morningstar

Third, investors are not diversified and concentrated on a small number of stocks. This is a typical "don't put eggs in one basket." According to a survey, more than 90 % of the portfolio manager is below the benchmark (S & amp; P500 and the Tokyo Stock Stock Exchange). So, if professional investors can't do that consistently, why do you think that beginners can consistently choose the right stock?

Instead of concentrating on a small number of brands, they are distributed into different assets, regions, market capitalization, and style. This is the fundamental reason we like ETFs. By combining various ETFs, you can build a balanced distributed portfolio. By using a wide range of ETFs, the risk of the portfolio can be reduced, a more stable return, and a higher award rate can be achieved. ETF is all!

Third, investors are too concentrated on the headline. There is always a negative headline that pulls investors' feet, such as inflation, war, US Treasury, and politics. Look now. S & amp; P500 has been returning a tw o-digit this year, despite the two terrible wars progressing at the same time. That's why garas, doug, and I are trying to focus on such noise on filters and focus on what is really important. Economic growth, corporate revenue, central bank policy, etc.

If you focus on important factors that move the stock market, you can block all the noise of the market that tends to get in the way of investing.

Fourth, avoiding too much risk and investing only in lo w-risk GICs and government bonds. This is especially common in elderly customers. The low interest rate environment has been around for years, and lo w-risk investments can only get a few returns. Certainly, interest rates have recently risen to 5 %, and we have fixed some of these high yields for customers, but interest rates are currently declining. These lo w-risk investments are finally catching up with inflation. Therefore, it should be a certain percentage of shares that have been returning 9 to 10 % historically for a long time for a long time. 60 to 40 balance portfolios are desirable.

Finally, as a pitfall that is common in investors, I call it "analytical paralysis." Basically, you think too much about all investment decisions and harden like a dog in the headlights. Such an investor is caught up by all "what is" and keeps investing in investment and planning.

Benjamin Graham, famous for financial analysts, investors and writers, has left a famous word that "the biggest problem of investors is the worst enemy, is likely to be investors himself." 。

For the past 20 years, the S & AMP; P500 stock index has been increasing by 10. 4 % every year and the TSE stock index has been 8. 3 % every year. Waste every day and keeping the plan will be even more delayed. We have written many times about the power of compound interest. It's much more important than waiting for you to get a good entry point. The lesson here is to perform work and analysis, and then implement the plan.

As mentioned at the beginning, you need to do a lot of correct things to succeed and avoid pitfalls that investors tend to fall. As you can see what the important pitfalls are, let's start planning!

Ryan Rwenza (CFA, CMT) is a partner and portfolio manager of Turner Investment Menz, and a Senior Investment Advisor of Raymon James, a private client group.

91 comments

#1 Pongeus Pilatus 10. 05. 24 at 10:45 AM

111 WRK. DOVER on 10. 05. 24 at 10:11 AM CBC Tesla Option Man Talk:

Hello, TNLB, I have tens of millions of dollars and want a mortgage!

The addict ------- The man just says, "I've exhausted the options."

Jaguar#2 10. 05. 24 at 10:48 AM

B & Amp; D is looking for a portfolio. Those mean old boomers ...

"According to CIBC's June report, the proportion of the first housing buyers who received funding from their families rose from 20 % in 2015 to 31 %. The average gift was about $ 115, 000. Parents have a financial plan, they feel they are in good condition, and they just have surplus funds that are not really necessary. " Wealth's tax/heritage planning manager, Jamie Golonbeck) NP 10/05/24 "

#3 INFLIETION 10. 05. 24 at 11:03 AM

Who can rationally believe that the national statistics collected by the Labor Bureau suddenly become a fake? Did MAGA completely succumb to the cult? Sad and strange. -Garas

Why is CPI data secret?

Why can't you see raw CPI raw data and calculation methods?

How many times have you seen suspicious / strange data corrections where no one has seen?

How difficult is it needed to be fixed because a certain data point was overlooked?

How many ethics have the leaders have violated?

All numbers in the world were fraudulently made by human hands.

Certainly our trust is not absolute. It's up to them to win it. Is that so?

Don't rely on white, black, or wrong like a simple fool.

Things are moving in gray. Sometimes a little brighter gray, sometimes dark gray. There is not much need to boost things here. Within the range of errors. Within the validity range. In the correction range. Everything often changes at 0. 5%.

Both us and they are tired of this joke.

China operates data, but does it not have a democratic state? China spy on the people, but not a democracy?

Please forgive me.

#4 Linda 10. 05. 24 at 11:04 Morning

Ryan, a great post. When I read this article, I thought that (final) pension income reflects lon g-term strategies. When calculated by a pensioner, the expected amount of pensions really increases in conjunction with the period. Frequently quoted CPP calculations indicate how much you can receive if you do not receive the CPP until you are 65 or older. However, once the age can receive the CPP, the time left is unknown. Therefore, 1) CPP is the only retirement income, so it is necessary to have as expensive CPP as possible, 2), except that you are still working even after 60 years old, you will receive the CPP at the age of 60. I think the best is. If you're still working full time, it doesn't make much sense to receive a pension.

#5 Bezenge 10. 05. 24 at 11:07 AM

Certainly, I am suffering from many of these drawbacks as a DIY investor. Except for a kind of group thinking and investment clubs, those with the highest sel f-conscious (small) will not be able to eliminate these shortcomings. However, I think that many investment advisors have similar problems if they judge by their own preference. After all, the two heads are better than one.

#6 Ivan the Modelate 10. 05. 24 at 11:15 AM

I see many people make argument s-if you lose 10 best days in the market, is your return ... a lover? It always draws beautiful pictures for arguments to keep investment.

For an event to avoid the worst day in the market, where and what research was done? How good may the portfolio have done?

#7 Parks Building Prank 10. 05. 24 11:23..

Set and forget it.

The success of lon g-term investment seems to be lazy.

This raises the question: what value-add is there to justify an ongoing AUM fee, other than paying a service fee to hire an advisor to help select and set up a portfolio, followed by occasional rebalancing?

If a client needs additional services, can't they just ask for a specific service fee each time?

A fee as small as 1% can eat into a portfolio's long-term return by more than 30% over a long enough time horizon.

The corrosive nature of asset-under-management fees ensures that advisors get paid no matter what happens to their clients' portfolios. If the firm is so sure it will make money for its clients in the long run, why aren't fees based on portfolio performance rather than a flat AUM fee?

#8 willworkforpickles 10. 05. 24 at 11:24 am

DELETED (You're done here. My blog is not going to give time to rabid conspiracy theorists who claim that all government statistics are fabricated and all government actions are intentionally destructive. You live in a sad, private world. Goodbye. - Garth )

#9 Really? No! 10. 05. 24 at 11:28 am

The story of Jesse Livermore is sobering. He was a billionaire at a time when most people were living in poverty. This reminds me of people who keep buying lottery tickets even though they won the lottery. I guess money doesn't buy happiness. Many people don't realize how lucky they are compared to others. Count your blessings. As Gomez Addams used to say, you can't take your money with you!

#10 Ponzius Pilatus 10. 05. 24 at 11:37 am

The story of the Sooke carpenter is getting a lot of press. Is it time for an article about the dangers of margin accounts? And what about unrealized gains?

#11 The Observer 10. 05. 24 at 11:42 am

#112 Kevin on 10. 05. 24 at 10:30 am Ah, the recipe for an economic recovery, no, a presidential election! Last-minute employment figures, government hiring flexibility, and voila! Suddenly the economy looks like it's hitting the gym, in time for an election selfie.

How can anyone rationally believe that national statistics collected by the Labor Department are suddenly fake? Have the MAGA folks totally succumbed to the cult? It's sad and weird. - Garth

Why is CPI data secret?

I don't think they call themselves "MAGA guys" but there are a lot of people who get sucked into the disinformation hole and make money by listening to "Viva Frei" and other podcasters and spreading lies. They barely read anything, they walk around with their earphones on, and they get brainwashed every day.

I have one in my family and I have to be on my guard to stay away from arguments that I know are just going to go downhill. They were promoting "fake economic news" yesterday too.

#12 Habit 10. 05. 24 12:14 pm

Great, Ryan. We've done the research, but we don't have the discipline or expertise yet. So we do the next best thing, in our case, by having a paid advisory group. It's been a good decision for us. No headaches. Thank you.

#13 Sean 10. 05. 24 12:15 pm

How many B& D investors (and stock pickers) would admit to being jealous of the S& P, especially based on 2023 and 2024?

The S& P 500 is up 49% in the past 21 months going into 2023, and about 52% with dividends! WTF!

The biggest mistake stock pickers can make is what Peter Lynch calls "watering the weeds and cutting the flowers" - selling the winners and holding on to or adding to the losers and underperforming stocks.

Warren Buffett borrowed that explanation (with permission) for one of his New Year's letters. Buffett's favorite holding period has always been "forever," but that doesn't mean it's his ironclad rule.

Anyone who has been investing for many years must have made many regrettable mistakes. That is the nature of the game, especially for those who pick stocks.

#14 Tombo 58 10. 05. 24 at 12:16 pm

#Yesterday Issue 104, Wrk. dover, As the speed increases, a full-face helmet with a visor really helps. But it is not something that is usually available at go-kart rental courses. Rental go-karts can really get you in shape. They are often set to very heavy handling to limit how fast the customer can push. So fogging of the visor becomes an issue. The overall goal is to minimize the liability risk for the circuit operator. In my opinion, road cars and circuit cars are apples and oranges. In my opinion, even sports cars that go on public roads are complicated and overweight. Most road cars fit what I think of as car design.

The cockpit is too small for my height and physique. He is not 185cm tall and his shoulder width. Perhaps there is no big difference from your physique. The truck car I have is made in the UK, but was mainly made for the US market. So it's a very small and light car, but the seats are relatively large. During the move, I lost 15 pounds (about 15 kilometers) over 10 months. Five years have passed since retirement, and weighed it little by little. It is part of the change that occurs in the 60s. After moving, it's too early to say that all ducks are still available. But I work on it every day. At least, the axle of the trailer can be replaced cheaply. But when you have a large luggage, it will be obviously troublesome.< a early 1960’s Lotus Seven for example >#15 10. 05. 24 12:18 afternoon very good

For 20 years, 8 % and 10 % are fine ... Where is the beef? If "safety" is too high, it could be a boring nursing home.

I am not shunning ETF investment, but investors have to work. There is no lazy way to become rich. For me, investment is a ful l-time job. If it is $ 10, 000, there is a savings. Do you know the old words that if you have a million dollars, you'll have a ful l-time job. " It is inevitable.

So, if you choose ETF, you have to work as well as other shares. VWO, SCHK, ZSP ... are all good stocks in the 20 % range. However, please look at brands like Gib. a that returned 37, 045. 24 %!

If you choose a star once every few years, the average return will increase considerably. And they were there, I chose a considerable number. You just have to work.

#16 CROWDELEVATORFARTZ 10. 05. 24 at 12:36 PM

Yes, the unbearable Sascatch is just forged for the tricky masses, like the ability to talk about Trump's truth ...

#17 Sean 10. 05. 24 at 12:47 PM

The main key to succeed in market investment is ...

Start investing and investing steadily when you are relatively young. (Of course, a reasonable percentage, such as 5 % or more of income).

Starting from investment trust salespeople or a kind woman in banks is not a bad thing.

Nothing else is important, without starting or without regular investment. (I talk about increasing assets myself unless there is a huge business success). For example, deciding to delay investment until the age of 55 is as wise as delaying or saving sex for retirement.

Starting investing regularly is almost 100 % required, and it is a sufficient condition unless it is really stupid.

Defeating the market can definitely be a wonderful icing on the cake, but that is not necessary, and it can be dangerous to agree.

10. 05. 24 12:48 Lend #18 mortgage to anyone to PM

I agree with your thesis that you should keep investing and say, "It's more important to be in the market than to measure the market timing." "

But if you miss the worst trading date in one year to make fairness, how advantage will you be? Financial advisors always promote the best 10 days to get people to invest.

Don't miss any day. It is impossible to know the best or worst in advance. So keep investing. Why don't you know this? -Garas

#19 RAH on 10. 05. 24 at 12:56 PM

Re: The story of Suk/ Tesla shares is like BS

How much did he buy ... how many shares, how much did he buy?

At least he should have sold stocks to cover the initial investment. How was his stock erased?

When Tesla's stock began to crash, did he not plan for an unexpected situation?

Our friend is a securities lawyer. She says that the worst case is that the first stock purchase is blessed with good luck, and those who think that they are geniuses will buy stocks again and lose their future.

Finally: At least theoretically ... he doesn't have a large income tax, which is levied on millions of capital gain (it was enormous). Is it?

He is probably a simple sentence ... but this can't stop trying to send a message from the stone.

#20 Sean 10. 05. 24 at 12:57 PM

#11 Shawn on 10. 05. 24 at 12:47 The main key to succeed with PM market investment ...

Start investing and investing steadily when you are relatively young. (Of course, a reasonable percentage, such as 5 % or more of income).

Starting from investment trust salespeople or a kind woman in banks is not a bad thing.

If you only use RRSP and RESP to the fullest, you can get a large portfolio after retirement.

However, looting RRSP to buy a house can ruin the plan.

With all the tax-advantaged incentive plans available these days, it's hard to imagine that many people are building taxable portfolios. RRSPs, RESs, FHSAs, TFSAs. Maximizing all of these is virtually impossible for people with normal jobs and lives. An employed couple making $200, 000 each with no pensions is not going to maximize everything unless they live like paupers.

#21 Dan 10. 05. 24 at 12:57 pm

Thanks for the reminder. This is timely too.

#22 Piano Girl from BC 10. 05. 24 at 1:05 pm

Thanks Ryan for the great article.

Good advice. Keep it balanced and diversify. Don't forget to do charitable (tax deductible) work on your way to becoming wealthy. Walk the dogs at the SPCA, help out at a soup kitchen, invest in renewable energy, get out of fossil fuels, give away some of your wealth.

"Change will not come if we wait for someone else or another time. It is we who we are waiting for. We are the change we seek. (Obama)

#23 Old Boots 10. 05. 24 at 1:19 pm

#6 Ivan the Moderate 10. 05. 24 at 11:15 am

I see many people make argument s-if you lose 10 best days in the market, is your return ... a lover? It always draws beautiful pictures for arguments to keep investment.

For an event to avoid the worst day in the market, where and what research was done? How good may the portfolio have done?

#7 Parks Building Prank 10. 05. 24 11:23..

It is a logical fallacy to compare the ease of not missing the best days in the market by continuing to passively invest with the impossibility of foreseeing the worst days in the market before they happen and cashing out at the last minute.

Coulda, shoulda, woulda is not an investment strategy. It is just a way of dealing with it.

#24 willworkforpickles 10. 05. 24 at 1:21 pm

#25 Traveling 10. 05. 24 at 1:33 pm

Fourth, avoid investing only in lo w-risk GICs and government bonds that avoid risks too much. This is especially common in elderly customers. The lo w-interest environment has continued for many years, and lo w-risk investment can only get a slight return. Certainly, interest rates have recently risen to 5 %, and we have fixed some of these high yields for customers, but interest rates are currently declining. These lo w-risk investments are finally catching up with inflation. Therefore, it should be a certain percentage of shares that have been returning 9 to 10 % historically for a long time for a long time. You can see that 60 to 40 balance portfolios are desirable.

Finally, as a pitfall that is common in investors, I call it "analytical paralysis." Basically, you think too much about all investment decisions and harden like a dog in the headlights. Such an investor is caught up by all "what is" and keeps investing in investment and planning.

I am interested in whether 60/40 or 70/30, an elderly customer who is doing B & Amp; D suddenly starts switching to a GIC. Is this a common phenomenon?

If 60/40 and 70/30 have been working for a long time, why do you take such an investment strategy in your later years?

I can't think of it. It's like committing economic suicide at a time when medical expenses and lon g-term medical expenses may be the highest.

#26 Old boots 10. 05. 24 at 1:35 PM

Set and forget.

The success of lon g-term investment seems to be lazy.

This raises the question: what value-add is there to justify an ongoing AUM fee, other than paying a service fee to hire an advisor to help select and set up a portfolio, followed by occasional rebalancing?

If a client needs additional services, can't they just ask for a specific service fee each time?

A fee as small as 1% can eat into a portfolio's long-term return by more than 30% over a long enough time horizon.

The corrosive nature of asset-under-management fees ensures that advisors get paid no matter what happens to their clients' portfolios. If the firm is so sure it will make money for its clients in the long run, why aren't fees based on portfolio performance rather than a flat AUM fee?

#8 willworkforpickles 10. 05. 24 at 11:24 am

One way is to start investing by $ 300 a month at the age of 30, gain experience and confidence in a low risk environment, and to erase any mistakes over time in the market.

It is a completely different experience to start an investment trip with a 5 0-yea r-old, no pension, no experience, and a 7-digit money.

Every year, I do emotional calculations and actual calculations, manage portfolios, abandon professiona l-level knowledge on taxes and market strategies, and prioritize the addition of a few g of DIY and portfolio. I am asking myself if there is.

Despite my knowledge base, I am particular about professional operation. I don't particularly avoid risks, it's just realistic.

No matter how hard you try to manage your portfolio, I'm always amateur and easy to make amateur mistakes.

Dangerous.

#27 Traveling 10. 05. 24 at 1:36 PM

And I will add another item to the previous post:

Most B & Amp; D is likely to be able to recover from a sudden slump in 6 to 18 months. In that case, the risk of regaining paper loss is low, even in the later years.

#28 KARLHUNGUS 10. 05. 24 at 1:57 PM

I can't understand the analysis of missing the best day. I can't understand such an analysis because I can't understand the analysis of "missing the best day."

#29 WRK. DOVER 10. 05. 24 at 1:58 PM

#19 RAH on 10. 05. 24 at 12:56 pm Re： スーク / テスラ株の話は BS のようだ ________________________

If a carpenter shows me appearing on the site with a debt of hundreds of thousands of yen, I'll show you a single beast with a nail apron.

#30 Ancaster Sal 10. 05. 24 at 2:04 PM

Thank you for mentioning Benjamin Graham. The highest $ 30 I've used so far https://a. co/d/gkb7bnd

#31 Travel 10. 05. 24 at 2:13 PM

#15 10. 05. 24 at 12:18 PM I like 8 % for 20 years and 10 %, but where is the beef? If you have too much safety, you may become a boring nursing home.

It doesn't shy away from ETF investment, but investors have to work. There is no lazy way to become rich. For me, investment is a ful l-time job. If it is $ 10, 000, there is a savings. Do you know the old words that if you have a million dollars, you'll have a ful l-time job. " It is inevitable.

So, if you choose ETF, you have to work as well as other shares. VWO, SCHK, ZSP ... are all good stocks in the 20 % range. However, please look at brands like Gib. a that returned 37, 045. 24 %!

If you choose a star once every few years, the average return will increase considerably. And they were there, I chose a considerable number. You just have to work.

#16 CROWDELEVATORFARTZ 10. 05. 24 at 12:36 PM

Yes, there is a lazy way to be rich.

That is, investing in ETF B & Amp; D portfolio for each payday. That is the point of "Se t-an d-Feather It". There is no more lazy.

#32 Jess 10. 05. 24 at 2:30 PM

Incorrect information many people have lost their jobs, lost their family and human relationships, have been stripped of doctors, and lost their doctor's licenses. As a result, many of them lost their homes, lost their savings, had a tremendous litigation expenses ... all were direct consequences of incorrect information, more specifically. , I believed that the 2020 election was held illegally and was stolen. Those who spread lies and continue to spread lies do not care about what the impact they affect others, and they only want to make the most, and usually only power. ! The no n-profit organization submitted a criminal accusation against Trump and Bance on the lies of the spring field, and the defending group fueled violent intimidation and harassment against the Haitians, and the former President and his accompaniment. The alleged documents on September 24, 2024 have accused Trump and Bance with some criminal crimes, including obstructing public services, harassing communication, and worsening threats. While Trump and Bance have been using Springfields as a club for immigrants in the United States, dozens of blasts have been announced to city buildings and local schools. At a rally held on Monday in Indiana, Pennsylvania, the former President was fueled the supporters over the Springfield situation and said, "Send them back." < SPAN> A person called the star needs to have a significant percentage of investment portfolios. The possibility is close to zero. Is there a possibility of happening? Of course, it will be less than being struck by lightning.

Yes, there is a lazy way to be rich.

That is, investing in ETF B & Amp; D portfolio for each payday. That is the point of "Se t-an d-Feather It". There is no more lazy.

#32 Jess 10. 05. 24 at 2:30 PM

Incorrect information many people have lost their jobs, lost their family and human relationships, have been stripped of doctors, and lost their doctor's licenses. As a result, many of them lost their homes, lost their savings, had a tremendous litigation expenses ... all were direct consequences of incorrect information, more specifically. , I believed that the 2020 election was held illegally and was stolen. Those who spread lies and continue to spread lies do not care about what the impact they affect others, and they only want to make the most, and usually only power. ! The no n-profit organization submitted a criminal accusation against Trump and Bance on the lies of the spring field, and the defending group fueled violent intimidation and harassment against the Haitians, and the former President and his accompaniment. The alleged documents on September 24, 2024 have accused Trump and Bance with some criminal crimes, including obstructing public services, harassing communication, and worsening threats. While Trump and Bance have been using Springfields as a club for immigrants in the United States, dozens of blasts have been announced to city buildings and local schools. At a rally held on Monday in Indiana, Pennsylvania, the former President was fueled the supporters over the Springfield situation and said, "Send them back." A person called the star needs a significant percentage of investment portfolios. The possibility is close to zero. Is there a possibility of happening? Of course, it will be less than being struck by lightning.

Yes, there is a lazy way to be rich.

That is, investing in ETF B & Amp; D portfolio for each payday. That is the point of "Se t-an d-Feather It". There is no more lazy.

#32 Jess 10. 05. 24 at 2:30 PM

Incorrect information many people have lost their jobs, lost their family and human relationships, have been stripped of doctors, and lost their doctor's licenses. As a result, many of them lost their homes, lost their savings, had a tremendous litigation expenses ... all were direct consequences of incorrect information, more specifically. , I believed that the 2020 election was held illegally and was stolen. Those who spread lies and continue to spread lies do not care about what the impact they affect others, and they only want to make the most, and usually only power. ! The no n-profit organization submitted a criminal accusation against Trump and Bance on the lies of the spring field, and the defending group fueled violent intimidation and harassment against the Haitians, and the former President and his accompaniment. The alleged documents on September 24, 2024 have accused Trump and Bance with some criminal crimes, including obstructing public services, harassing communication, and worsening threats. While Trump and Bance have been using Springfields as a club for immigrants in the United States, dozens of blasts have been announced to city buildings and local schools. At a rally held on Monday in Indiana, Pennsylvania, the former President was fueled the supporters over the Springfield situation and said, "Send them back."

"If anyone else had done something that would have had the devastating impact we experienced in Springfield, police and prosecutors would have filed charges by now. Trump and Vance knowingly spread false and dangerous narratives alleging that the Haitian community in Springfield, Ohio was criminally killing and eating their neighbors' dogs and cats, and killing and eating their geese. They accused Springfield's Haitians of contracting a deadly disease. They repeated these lies in presidential debates, campaign rallies, national television interviews, and on social media." https://codes. ohio. gov/ohio-revised-code/section-2935. 09 == ... In 2008, authorities indicted 18 people as part of Operation Candy Store, a two-year federal investigation into trafficking operations that sent cocaine to Canada in exchange for methamphetamine and ecstasy.

According to the indictment, Lineham used his work with Data Locking, also known as beStealth, to distribute encrypted BlackBerry phones that traffickers could use to send text messages.

Kennedy once said, "Covid-19 is targeting whites and blacks. The most immune are Ashkenazi Jews and Chinese."

Coley, whose medical license expired in 2022, now oversees a telemedicine clinic where, according to The Washington Post, "patients can get a prescription for ivermectin, which costs $1, 650 for a video consultation and two follow-up appointments."

Elon Musk removes post promoting Tucker Carlson video after backlash

Who can rationally believe that the national statistics collected by the Labor Bureau suddenly become a fake? Did MAGA completely succumb to the cult? Sad and strange. -Garas

#3 InfLIEtion on 10. 05. 24 at 11:03 am

It's a sham, you live in an organized, choreographed, coordinated world.

Master morality on the part of the rulers, slave morality extended to the subjects.

Very different ways of thinking.

#35 JSS 10. 05. 24 at 2:58 pm

1) Marry wisely 2) Choose a good career 3) Don't screw up 1) and 2)

#36 Dr. V 10. 05. 24 at 3:03 pm

"An employed couple making $200, 000 each with no pensions will not be able to maximize it all unless they live like poor people." ----------------------

You can each put $31500 into an RRSP and $8000 into an FHSA, so your taxable income will be about $160k, leaving you with a net of $116k in BC. $4k, $5k, and $7k in CPP, RESP, and TFSA respectively gives you $100k each. FHSA is maxed out after 5 years, RESP after 10 years.

Not poverty in my opinion.

#37 crowdelevatorfartz 10. 05. 24 at 3:30 pm

@#29 Wrk. dvr "Show me a carpenter showing up to a job site with thousands of dollars in debt, and I'll show you a unicorn in a nail apron."

+++ . I know a millionaire carpenter who goes to work every day with no debt.

#38 Ponzius Pilatus 10. 05. 24 at 3:31 pm

#5 Bezengy 10. 05. 24 at 11:07 am Admittedly, as a DIY investor, I suffer from many of these shortcomings. Short of some sort of group think or belonging to an investment club, even the most self-aware people (which is a minority) will not be able to get rid of these shortcomings. That said, I think many investment advisors have similar problems, if they are judging by their own preferences. After all, two heads are better than one. ------ Three heads can get messy. My point is, educate yourself, find reliable sources, there is no free lunch (except this blog), and a little paranoia helps.

#39 Chalky on 10. 05. 24 at 3:34 pm

You give great information Ryan. There is a lot of good advice hidden between the lines for those who understand wealth building.

Quote of the day: Sometimes we talk to ourselves and we both laugh.

#40 Don Guillermo 10. 05. 24 at 3:35 pm

#83 Ponzius Pilatus 10. 02. 24 at 11:32 pm

In fact, South Sally and White Rock have quite a few Darama stores. There are many flashy cars outside. Don and Mexico have Lady Presidente. I was going to reply earlier. Congratulations on the multiple stores of Dollarama. My best friend's wife had a Dala Mama store in Victoria for years. She finally sold the store to the Middle East and got a license for a real estate agent about 10 years ago. It was a great movement for them. She has earned a lot of income over the last 10 years than her 40 years. I retired this year, so I hit the sweet spot.

For Claudia Shinebaum, the lady's "Presedenta" Amigo.

My opinion about her may be a little quicker. Looking at the results of the election, it is clear that she is very popular. She is said to be studying Amuro, but I think he was almost successful for several years. He is a middle left, but carefully, but he has raised the minimum wage every year during his term. In recent years, the increase in the middle class has been very remarkable, but it may be more related to nearshoring. I hope Claudia will maintain this route. Mxpeso was initially hit, as the market was concerned that the majority of Claudia would be lean left than AMLO. For now, pesos seem to be calm. She grew up in a highly educated and very wealthy Jewish family. When she was the mayor of CDMX, I didn't look closely, but when I went to a big city recently, I was impressive. I don't know who deserves that achievement. I first went to CDMX in the mi d-70's, not so impressive. Her main tasks may be how to manage the cartel. Amuro seems to be well balanced, and he always emphasizes that consumers (mainly Canada, the United States, Europe) needs to be responsible. Nevertheless, in recent weeks, the violence of Clear Can Cartel has escalated. The United States abducted and imprisoned Sinaroa Cartel's current leader "El Mayo" Zambada, and as a result, the power struggle between his children "Los Mayos" and the children of El Chapos "Los Chatopitos". did. It's a sight to see how this will develop. As my Mexican neighbor says, "Things are always better alone."

#41 Diversification of Missisaga 10. 05. 24 3:36 PM

Great, wise advice!

A long time ago, I knew what I was doing and was a trader frequently. He made money and lost, but he has gained experience and knowledge and is now investing in an excellent index ETF. My biggest brands are VFV (S & amp; P), QQQ (Nasdak), and XIU (TSE Stock Index). Banks and energy companies have a little, but it is about 10 % of portfolios. My wife seems to be incredible the portfolio for the last five years compared to a friend who has 100 % GIC. Thank you for your many years of advice!

#42 l Lawliet on 10. 05. 24 at 3:49 PM

The problem of buying and selling stocks is that it is difficult to be satisfied at a good price, so I do not know what a good price is.

#43 WRK. DOVER on 10. 05. 24 at 4:08 PM

#37 Crowdelevatorfartz on 10. 05. 24 at 3:30 PM I know a millionaire carpenter who goes to work every day without debt. __________________________________

The story was "carpenter".

So, do you know the real hourly wage slaves carpenter with a lunch pail, or do you know a carpenter of the billionaire?

As the flop knew well, there are a big difference between these two.

One works for the other!

#44 Rah on 10. 05. 24 at 4:08 PM

In March, there was a person who bought Mega Lottery Ticket in New Jersey.

Not registered so far.

#45 Sean Melvin 10. 05. 24 at 4:14 PM

A pleasant Ryan! If you don't feel like a poor Liva More, if you think he's shit, just call it. )

Date radar is the same as a casino addicted gambler, and always expects a big game that can be proud of his friends.

Livamore "From 1924 to 1925, he was engaged in market operations, traded wheat and corn in the fight against Arthur W. Catten to earn $ 10 million, and strolled Piggie Ugley stock short squeeze. In the early 1929, he gathered a huge short position and hid his own with more than 100 stocks.

The above quotes were briefly searched on Google, so AI may be wrong :)

#46 Sean on 10. 05. 24 at 4:28 PM

#36 Dr. V 10. 05. 24 at 3:03 pm

"An employed couple making $200, 000 each with no pensions will not be able to maximize it all unless they live like poor people." ----------------------

You can each put $31500 into an RRSP and $8000 into an FHSA, so your taxable income will be about $160k, leaving you with a net of $116k in BC. $4k, $5k, and $7k in CPP, RESP, and TFSA respectively gives you $100k each. FHSA is maxed out after 5 years, RESP after 10 years.

Not poor in my opinion.

******************************* Maybe... just trying to calculate take home pay.

As you point out, RRSP, FHSA, CPP are all tax deductible as is EI and add up to nearly $50k.

What is the income tax on a taxable income of $150k?

Using marginal tax rates, BC income tax is $48, 820. But if you subtract a small personal amount, your income tax bill will be $45, 000 each, right?

After RRSP and FHSA, your take home pay is $105, 000 each. From that, you pay into your RESP and TFSA.

Yes, you can. Until you buy a house and are faced with a mortgage of $4000/month and $48, 000/year.

That's a middle-class lifestyle even if you make $200, 000 each.

Maxing out all of these tax-advantaged accounts takes a lot of discipline. Why? So you can live on $200, 000/year now and $300, 000+ in retirement? If you put $31, 500 a year into each of your RRSPs starting at age 30, your RRSPs will be huge.

That's your marginal tax rate in BC.

#47 Ryan Lewenza 10. 05. 24 at 4:36 pm

Ivan the Modeltate "What research has been done on avoiding the worst 10 days in the market, but where? How much better would a portfolio perform?"

Yes, this is easy to calculate, and obviously avoiding the biggest down days will increase your returns substantially, but unless you have a time machine, it is impossible to avoid the biggest 10 days. Unfortunately, big down days are a sacrifice you must pay to get long-term returns. - Ryan L

#48 Sean 10. 05. 24 at 4:37 pm

I know I shouldn't say this, but...

The white replacement theory is not a conspiracy. I don't think it's intentional.

It's just that for Canada, it's inevitable by trend.

Is that a bad thing? I'm not sure. I fundamentally don't think white Canadians have a natural right to remain the majority white Canadian.

Quote of the day: Sometimes we talk to ourselves and we both laugh.

#40 Don Guillermo 10. 05. 24 at 3:35 pm

My best friend's wife had a Dollarama store in Victoria for years. She ended up selling it...

******************************** (*´∀｀*) I'm sure it wasn't a Dollarama store. Probably the Great Canadian Dollarama. All Dollarama stores are corporate owned. They make a ton of money.

One of the best-run companies in Canada. Look at the long term chart.

#50 Clueless Investor 10. 05. 24 at 4:51 pm

Tesla stock was around $20. Today it's 10x that.

88, 000 CAD to 415 million CAD to 0. Even coke exports aren't that profitable!

#51 ogdoad 10. 05. 24 at 4:52 PM

You'll love it....

... I bought Nortel shares in the early 2000s after the stock price dropped to the 2-3 dollar range... the only money I had... student loans. Then when I was living in the US after the financial crisis (when I actually had some money) I bought Johnson & Johnson (sp? as if I care), Microsoft, Boeing at huge discounts and juicy dividends... sold them before moving back to Canada and made a really nice profit.

I also dabbled in FX. Depending on positive or negative news I could make or lose thousands of dollars in minutes. Trade (EUR/USD) at 5am and go golfing at 9....

Now with a few B& D Ports, and multiple (fee-paying) properties managed by people smarter than me (it's full. Any 12 year old is smarter than me), DB pensions, and golden years (not even starting for 15-20 years) it looks... well... golden.

#52 IHCTD9 10. 05. 24 at 4:56 pm

This raises the question: what value-add is there to justify an ongoing AUM fee, other than paying a service fee to hire an advisor to help select and set up a portfolio, followed by occasional rebalancing?

If a client needs additional services, can't they just ask for a specific service fee each time?

A fee as small as 1% can eat into a portfolio's long-term return by more than 30% over a long enough time horizon.

The corrosive nature of asset-under-management fees ensures that advisors get paid no matter what happens to their clients' portfolios. If the firm is so sure it will make money for its clients in the long run, why aren't fees based on portfolio performance rather than a flat AUM fee?

A fee as small as 1% can eat into a portfolio's long term return of over 30% if viewed over a long enough time horizon.

The corrosive nature of asset-under-management fees ensures that advisors get paid no matter what happens to their clients' portfolios. If the firm is so sure it will make money for its clients long term, why not base its fee structure on portfolio performance instead of AUM fees? ----

Why take your car to the garage to get repairs done when you can easily put on the brakes yourself these days? Why hire a roofer when you can do it yourself for $30? Why hire a contractor to build a new deck?

Everyone has advantages and weaknesses. My strength is the cost reduction by Hand s-on, but investment must be sublease. If you have an excellent feed only advisor, you can operate B+D or higher. The biggest bill I pay is (by far the) management fee. It is also the only invoice I pay with a smile. I love the fact that there is a business that specializes in growing B+D.

That's not my hobby.

#53 Doctor V 10. 05. 24 at 5:00 PM

"This investment is a full-time job for me" ----------------------------------------------

I don't want to do a ful l-time job. If so, he would have continued his work.

#54 toronto_ca 10. 05. 24 at 5:04 PM

For example, in March 2020, I bought a large amount of petroleum stock (shell), but after that, it has been tripled while paying dividends.

However, measuring the timing to sell at the peak to secure a day trading or the fund to buy in the crash is not something that ordinary people like blog readers should try.

#55 Pongeus Pilatus 10. 05. 24 at 5:15 PM

#40 Don Claudia Shinebaum would be Lady "Presedentent" Amigo. < SPAN> Everyone has advantages and weaknesses. My strength is the cost reduction by Hand s-on, but investment must be sublease. If you have an excellent feed only advisor, you can operate B+D or higher. The biggest bill I pay is (by far the) management fee. It is also the only invoice I pay with a smile. I love the fact that there is a business that specializes in growing B+D.

That's not my hobby.

#53 Doctor V 10. 05. 24 at 5:00 PM

#40 Don Guillermo 10. 05. 24 at 3:35 pm

My best friend's wife had a Dollarama store in Victoria for years. She ended up selling it...

******************************** (*´∀｀*) I'm sure it wasn't a Dollarama store. Probably the Great Canadian Dollarama. All Dollarama stores are corporate owned. They make a ton of money.

For example, in March 2020, I bought a large amount of petroleum stock (shell), but after that, it has been tripled while paying dividends.

However, measuring the timing to sell at the peak to secure a day trading or the fund to buy in the crash is not something that ordinary people like blog readers should try.

That's not my hobby.

#40 Don Claudia Shinebaum would be Lady "Presedentent" Amigo. Everyone has advantages and weaknesses. My strength is the cost reduction by Hand s-on, but investment must be sublease. If you have an excellent feed only advisor, you can operate B+D or higher. The biggest bill I pay is (by far the) management fee. It is also the only invoice I pay with a smile. I love the fact that there is a business that specializes in growing B+D.

That's not my hobby.

@#29 Wrk. dvr "Show me a carpenter showing up to a job site with thousands of dollars in debt, and I'll show you a unicorn in a nail apron."

"This investment is a full-time job for me" ----------------------------------------------

I don't want to do a ful l-time job. If so, he would have continued his work.

#54 toronto_ca 10. 05. 24 at 5:04 PM

For example, in March 2020, I bought a large amount of petroleum stock (shell), but after that, it has been tripled while paying dividends.

However, measuring the timing to sell at the peak to secure a day trading or the fund to buy in the crash is not something that ordinary people like blog readers should try.

#55 Pongeus Pilatus 10. 05. 24 at 5:15 PM

#40 Don Claudia Shinebaum would be Lady "Presedentent" Amigo.

My take on her may be a little early. If you look at the election results, it's clear she is very popular. I've been told she's studying AMLO, but I think his few years were mostly successful. He's center-left, and he's been careful, but thoughtful, raising the minimum wage every year of his term. The growth of the middle class has been very noticeable in the last few years, but I think that has more to do with nearshoring. I hope Claudia stays the course. MxPeso initially took a hit because the market was worried that Claudia's majority would make her more left-leaning than AMLO. For now, the peso seems to be calming down. She's well-educated and comes from a very wealthy Jewish family. I didn't get a good look at her when she was mayor of CDMX, but I was impressed when I went to the big city recently. I don't know who deserves the credit. I first went to CDMX in the mid-70s and it wasn't that impressive. ------- This is Scheinbaum. Thanks for your perspective. A rich head of state who leans center-left is pretty rare. I saw a documentary on Mexico City. I was impressed. It looks crowded, but the people are well dressed and the restaurants and stores are packed. I know there are a lot of stereotypes about this country. But being German and Austrian, I'm used to it. I think Mexico is a dark horse with great potential. But trade with China must continue, even if the Amis don't want it. The US is not Mexico's friend. Do as you please.

#56 Don Guillermo 10. 05. 24 at 5:35 pm

#49 Shawn on 10. 05. 24 at 4:46 pm #40 Don Guillermo on 10. 05. 24 at 3:35 pm

My best friend's wife had a Dollarama store in Victoria for years. She ended up selling it...

******************************** (*´∀｀*)It couldn't have been a Dollarama store. Maybe the Great Canadian Dollarama. All Dollarama stores are company owned. They are making huge profits.

One of the best-run companies in Canada. Check out the long-term chart.

Exactly. That occurred to me right after I hit send. Hers was a Dollar Store, maybe in Saanich, not Victoria. Mi Esposa would know the real details. Should have known you'd notice Shawn.)

#57 Faron on 10. 05. 24 at 6:09 pm

#56 Don Guillermo on 10. 05. 24 at 5:35 pm

#58 RAH on 10. 05. 24 at 6:21 pm

#37 crowdelevatorfartz on 10. 05. 24 at 3:30 pm @#29 Wrk. dvr "I'll show you a unicorn with a nail apron on, a carpenter who shows up to the job site hundreds of thousands of yen in debt."

+++ . I know a carpenter who is multi-millionaire, debt-free, and goes to work every day.

Millionaires are a tenth of a million. If you're a baby boomer or older, this is easily achievable.

#59 Penny Henny 10. 05. 24 at 6:21 pm

18 SunShowers on 10. 04. 24 at 2:23 pm Just today I saw a post on Facebook Memory from 10 years ago about buying 4kg frozen chicken breasts for $30. /////////////////

You seem to have a very exciting life.

#60 Ronaldo on 10. 05. 24 at 6:35 pm

You can't do this. It's like committing financial suicide at the point in your life when medical and long term care costs are likely to be the most expensive.

If you're 80 and have $1 million invested, never needing to withdraw it, and have a decent income from your pension and a paid off house, why take the risk?

You can't go too far. In fact, it might be time to start distributing some of that wealth to people who need it more than you.

#61 espressobob 10. 05. 24 at 6:40 pm

Oh I wish I was 25 again. How would I invest?

Open an online brokerage account with Questrade. TFSA and RRSP. What to hold?

XWD Developed Global Index ETF. Stay safe with ZMMK Money Market ETF. Buy ETFs with Questrade and there are no fees. ETFs are transparent and liquid. Easy.

The pitfalls start with taking the advice of your banker and buying those dreaded mutual funds and GICs. Yuck.

The most important thing is to do your research!

#62 mirmeka on 10. 05. 24 at 7:19 pm

#43 WRK. DOVER I work with an electric engineer who earned seven digits in the cipher today. You know how Canadians look at people with fluid wealth. This is almost a blog post for Canada Day. Instead of trying to improve yourself or set a higher goal, just sit quietly in the masses and accept the current situation. Similarly, the only person who became rich was pulled himself. Looking at this liar, somebody may tell me that it is impossible to achieve it, according to this blog! https://financial-competitions. com/

#10. 05. 24 at 7:19 PM

@#43 WRK. DVR ", do you know the actual hourly wage slaves and the carpenter who has lunch pail? Or do you know the billionaire carpenter contractor?" ++ They were initially wage slaves. Then I became smarter. They still have lunch pails.

55 pessimistic prophecy "Anyway, my era is over" ++

Literally or metaphor?

#64 CrowDelevatorFartz 10. 05. 24 at 7:25 PM

Speaking of pitfalls

This New Zealand Navy seems to have collided with a reef during the investigation ...

30%of the New Zealand Navy is closed due to shortage of staff ...

#65 Felix 10. 05. 24 at 7:28 PM

There are so many pitfalls when you own a hybrid dog with a dog and monkey. Economic, intellectual, social, and more.

It's a good news tonight!

If you are in Toronto, the Royal Ontario Museum is holding a special New Blance event!

Go to ROM and learn what a good species can do to improve your life!

#66 Ed 10. 05. 24 at 7:35 PM

When BCE was less than $ 55, it sold as much (not all). I rarely do transactions, but BCE accounted for almost 15 % of my portfolio.

At first I was satisfied with selling 1/2, but now I'm crawling up again, and I'm going to get back to buy back. Needless to say, the unrealized gain I wasted.

Maxing out all of these tax-advantaged accounts takes a lot of discipline. Why? So you can live on $200, 000/year now and $300, 000+ in retirement? If you put $31, 500 a year into each of your RRSPs starting at age 30, your RRSPs will be huge.

Motor Home broke down about 30 miles west of Vidal Junction.

A few hours later, I finally arrived in La Kinta ... this is still 116 degrees ... plastic straws have been banned.

#67 George 10. 05. 24 at 7:49 PM

No interest in bonds or preferred stocks - Portfolio Killers

How to increase portfolio yield? Regularly sell underlying calls (sell puts to take a position - get money to buy. Play the Wall Street game

#68 RAH on 10. 05. 24 at 8:11 pm

By Leo Homan - Leo's Newsletter October 3, 2024

One week has passed since the worst hurricane to hit the US since Katrina in 2005.

The Biden-Harris Administration has approved:

$8. 7 billion in military aid to Israel

$8 billion in military aid to Ukraine

#55 Pongeus Pilatus 10. 05. 24 at 5:15 PM

#40 Don Claudia Shinebaum would be Lady "Presedentent" Amigo.

My take on her may be a little early. If you look at the election results, it's clear she is very popular. I've been told she's studying AMLO, but I think his few years were mostly successful. He's center-left, and he's been careful, but thoughtful, raising the minimum wage every year of his term. The growth of the middle class has been very noticeable in the last few years, but I think that has more to do with nearshoring. I hope Claudia stays the course. MxPeso initially took a hit because the market was worried that Claudia's majority would make her more left-leaning than AMLO. For now, the peso seems to be calming down. She's well-educated and comes from a very wealthy Jewish family. I didn't get a good look at her when she was mayor of CDMX, but I was impressed when I went to the big city recently. I don't know who deserves the credit. I first went to CDMX in the mid-70s and it wasn't that impressive. ------- This is Scheinbaum. Thanks for your perspective. A rich head of state who leans center-left is pretty rare. I saw a documentary on Mexico City. I was impressed. It looks crowded, but the people are well dressed and the restaurants and stores are packed. I know there are a lot of stereotypes about this country. But being German and Austrian, I'm used to it. I think Mexico is a dark horse with great potential. But trade with China must continue, even if the Amis don't want it. The US is not Mexico's friend. Do as you please.

- Most of the affected areas are Trump supporter territory. - Rumor has it that these areas have large deposits of lithium.

Flood-damaged homes are covered by FEMA, which limits repair costs to 500, 000. Apparently it's set at $50, 000.

But...... any cost of home improvement over $50, 000 makes the homeowner responsible for a full upgrade of the damaged home under the building code.

Many homeowners simply bail and sell their properties at LOT VALUE.

#69 Dr. V 10. 05. 24 at 8:16 pm

55 pessimistic prophecy "Anyway, my era is over" ++

That's your marginal tax rate in BC.

You can't use your marginal tax rate. You can't use your marginal tax rate.

And of course, once you own a home you don't contribute to an FHSA. And RESPs are max contributions of $50, 000.

Motor Home broke down about 30 miles west of Vidal Junction.

So that's about 80% of your old "net" income. But now you have a TFSA.

#70 KuatoLives on 10. 05. 24 at 8:23 pm

Has anyone done an analysis of whether they missed the worst 10 days of trading?

@#29 Wrk. dvr "Show me a carpenter showing up to a job site with thousands of dollars in debt, and I'll show you a unicorn in a nail apron."

"This investment is a full-time job for me" ----------------------------------------------

58 RAH "The billionaire is on e-tenth. If you are a baby boomer or higher, you can easily achieve it. +++ I know a lot of boomers who don't have anything. It's a financial sound. I am billions. I know that the age is more important.

#73 Travel 10. 05. 24 at 9:33 PM

#60 Ronald on 10. 05. 24 at 6:35 PM #25 Traveling

And of course, once you own a home you don't contribute to an FHSA. And RESPs are max contributions of $50, 000.

#67 George 10. 05. 24 at 7:49 PM

It is forbidden to overdo it. In fact, it may be time to start a part of the wealth to those who need it more than you.

What I was thinking was that people living in the last minute sell ETFs and stocks and buy GIC instead. Once you buy GIC, they will create sel f-realized financial ruin. If I do that, I'm scared and irresistible.

I myself have a large portfolio that keeps growing more than the withdrawal, which has already set up my needs / wonts, and have already set up an established inheritance plan and a budgeted donation plan.

Certainly, the budgeted donation plan was the most difficult to summarize. Too many charitable organizations can easily waste money, with little monitoring, minimizing the actual impact.

#74 Travel 10. 05. 24 at 9:38 PM

#67 George on 10. 05. 24 at 7:49 I am not interested in PM bonds or priority shares at all.

Raise the yield of the portfolio? Sell ​​regular calls on the groundwork (Sell for position s-get money to buy. Participate in Wall Street Games

Ignorance is a blissful?

#75 Sean 10. 05. 24 at 9:44 PM

#69 Doctor v 10. 05. 24 at 8:16 PM 46 Sean

The limit tax rate cannot be used. It is not the average, but only reflects the highest tax.

***************************** Calculated. Are you not meeting?

#76 Travel 10. 05. 24 at 9:46 PM

#58 RAH on 10. 05. 24 at 6:21 pm #37 crowdelevatorfartz on 10. 05. 24 at 3:30 pm @#29 Wrk. dvr "I'll show you a unicorn with a nail apron on, a carpenter who shows up to work hundreds of thousands of yen in debt."

+++ . I know a millionaire carpenter who goes to work every day with no debt.

Millionaires are 1 in 10. If you're a baby boomer or older, it's easy to achieve.

Liquid millionaires? I highly doubt it.

It's like looking for a needle in a haystack.

#77 Sean 10. 05. 24 at 9:56 pm

#69 Dr. V 10. 05. 24 at 8:16 pm 46 Sean

But the real trap is RRSPs. At that maximum annual interest rate, with a 6% return, you'll have over $1. 6 million each after 25 years. If you wait until age 65, you'll have to withdraw at least $80, 000. If you use CPP/OAP, you'll have over $100, 000, and you'll be taxed about $19, 000 with age deductions. OAP will start to be taxed.

If you don't get the full amount of your OAS back when you retire, you're screwed.

RRSP tax trap? Try growing your RRSP for 30 or 35 years, starting at age 30, instead of 25 years. Your RRSP growth doesn't stop at age 65 or 71. You'll end up with over $5 million per person. Subtract age 30 from age 71, and you'll have 41 years of compounding interest on the first year's contribution.

These people contribute to their RRSPs at the maximum tax rate (maximum tax refund). Even if you withdraw at the maximum tax rate plus about 7. 5% (half of 15% because the unreceived OAS is not taxed), an RRSP will grow much more than an equivalent amount in a taxable account.

#78 Shawn on 10. 05. 24 at 10:04 pm

I should say that an RRSP will grow much more than a comparable after-tax amount in a taxable account. $31, 500 in an RRSP will only cost you $19, 215 net at a 39% marginal tax rate, so $19, 215 in a taxable account vs. $31, 500 in an RRSP. The RRSP will grow by a lot (at least 64% [31, 500/19, 215] larger, plus the taxable account will grow even more because it is taxed along the way), but you will be taxed a lot more when you withdraw it.

In fact, people who make $200, 000 are not in the top tax bracket.

It will take a lot of money, especially to get into the top tax bracket after retirement. It's definitely a stretch goal.

#79 RAH on 10. 05. 24 at 10:23 pm

#72 Crowdelevatorfartz 10. 05. 24 at 9:08 PM @#58 RAH. I know a lot of money.

I have an old friend in my mid 60s who got everything.

He was a real estate agent and was involved in real estate management and development. For several years, he was also a civil servant elected in the election.

He had millions of dollars (his family was wealthy).

My wife is a doctor of medicine and a specialist.

A while ago, he told me that he would divorce (it seems that his wife told me).

#11 Shawn on 10. 05. 24 at 12:47 The main key to succeed with PM market investment ...

I was surprised to go to visit. He needs a walker and is in the same room as the other. It is a basic hospital room, and there is a TV on the wall.

The facilities are quite large, and there are many residents of age, athletic ability and recognition. (I'm a little depressed.)

His voice is very weak. The rehabilitation is gradually progressing.

I wonder if I should make a more habit going to visit ...

PS: Thank you, be careful, and reach out when others are in trouble.

#80 Jaguar on 10. 05. 24 at 11:30 PM

Is it Elon to be with Donnie on the Butler stage tonight? A cannon was taken out. On the other hand, Ranch of Reality Check has rumors about lack of rescue money on the hurricane "Helene". What a hell. Will it be more intense? I don't think it's fiction! The race has begun! Let's introduce Possum. A more acoustic version, the harmony of the passing day, and the wonderful guitar rick for those who enjoy air guitar on a slippery floor on a slippery floor ......

My ears hurt.

#81 Doctor V 10. 05. 24 at 11:43 PM

"30 % of the New Zealand Navy is due to lack of staff ..........." ----------------------------------------------------------- --....

Apparently, they are also struggling to find someone who defeats trees.

So they developed this method.

It is now used in BC.

#82 Doctor V 10. 06. 24 at 12:04 AM

"Yes, of course. The tax amount was calculated for each of the seven brackets applied to the $ 150, 000 taxable income." -----------------------------------------------------------------------

Oh, I understand the meaning. sorry.

I only used 25 years to get a degree, repay my school loan, and give me a job. And at the age of 60, many people want to lose a little pace.

As you showed, at the salary and tax rate level, the maximum contribution of RRSP is basically a requirement for savings and investment.

It was a good discussion. thank you.

#83th Long term 10. 06. 24 at 2:29 AM

#20 Sean 10. 05. 24 at 12:57 PM

I don't agree. We live in BC. My wife's income is $ 65k, my income is $ 130k, and TFSA, RRSP, and daughter's RESP are maximized. House, two cars, yacht. There is nothing particularly difficult. Looking at the annual total expenditure, it seems that it can be lowered in the $ 65, 000 level, but it does not move much. Maybe we don't want anything, and we don't really want something more than we have. Divide your needs and wonts so that the latter does not continue to be the former.

#84 WRK. DOVER on 10. 06. 24 at 7:03 AM

#50 ClueLess Investor on 10. 05. 24 at 4:51 PM Tesla stock was about $ 20. Today is 10 times. _____________________________________

How many times did you split it?

I think it was since Cobid.

That alone changes the calculation to 100 times.

#85 Mirmeka 10. 06. 24 at 7:50 AM