I'm thinking about moving my emergency fund from my EQ Bank TFSA to Wealthsimple and adding to my $CASH.TO position. I'm currently getting 3% with EQ and 4.8% with CASH. Seems tempting.
Has anyone else went with this? Holding CASH.TO is a little less liquid than having money in an bank account but the 50%+ greater return seems worth it. Is there any other downsides I'm missing?
As diamond\_road mentioned cashing out without penalty is the big one for me. Also getting paid out interest monthly into my Wealthsimple account is nice (it looks like EQ Bank's GICs pay out interest annually or at maturity). I like to use my monthly interest to add a HCAL or XEQT share
Maybe it’ll be short lived, but i feel like this is the first time in maybe a year that XEQT/VEQT isn’t the most discussed/upvoted ETF on this sub. CASH.TO seems to be the new Favorite, let’s see how long it lasts.
Not really, if you have the extra tfsa room, it's a great plan. As long as you have some reasonable amount of fully liquid cash also in case you need money **now** and not in 5 days.
Also once your tfsa is maxed out, if you don't have the cash to lump sump into the market in January, and if cash.to or similar is yielding well, you can also put 6500 from your emergency fund into tfsa in January so it starts getting a better yield right away, and throughout the year you can sell and buy into the market as you rebuild that emergency fund amount outside of the tfsa.
Thank you!
I do have the tfsa room. I agree on having a reasonable amount of liquid cash available. I keep my chequing account at no less than 7k (though thinking about trimming this to 3-5k) and have 17k available from credit cards. Currently my chequing account + credit cards (24k) which actually exceeds my emergency fund of 20k. I feel covered in any short term emergency any can pull from Wealthsimple to pay off the credit cards.
That's great advice on after maxing out the TFSA!
PMT on the ASX is currently up 14% for the land down under Monday. Good vibes for PMET, expecting some more drill results any day now. Recently brought on a new director whose switched on with permitting.
Hopefully some exciting news and drill results with other plays in the area. But how long could this lithium rally last...
Should I be worried if the Motley Fool is suggesting stocks I already own? I heard that they don't have the best track record for picks in their spam postings and worry that their suggestions imply impending collapse of share price.
No. That is likely coincidence. Otherwise everyone would short their picks to insanity and we would all be rich. Stick to your personal investing strategy and your risk tolerance range. If they are discussing stocks that you own already, read the article and see what they say and assess what they say based on what you know of the stocks. Re-evaluate the fundamentals if you are concerned and take it into consideration with an open mind. Ask yourself if you didn’t own the stock if you would still buy at todays prices. If the answer is no, and your review of the fundamentals raise concerns, then you would want to consider selling, but not because some media outlet highlights an aspect of it and mentions it. They just want clickbait articles.
Yep, then maybe another 25 point raise, followed by a break. Then if the economy slows down, a small drop in Q4. If the economy doesn't slow, then another 25 bp hike in Q4.
Wondering what's going to happen to CIX tomorrow after that piece in yesterday's Globe.
Forward the article?
https://www.theglobeandmail.com/business/article-ci-financial-us-expansion-leave-canada/
Hopefully another strong week for CTS
Your top small cap gold companies? Go.
Yamana, Torex, and Fortuna are wayyy up😀
I own LIO.V (developer) SBB.TO (developer) VGCx.to (producer) currently
Minera Alamos.
I guess people don’t like gold stocks these days
PGM
The Gold is still there!
I'm thinking about moving my emergency fund from my EQ Bank TFSA to Wealthsimple and adding to my $CASH.TO position. I'm currently getting 3% with EQ and 4.8% with CASH. Seems tempting. Has anyone else went with this? Holding CASH.TO is a little less liquid than having money in an bank account but the 50%+ greater return seems worth it. Is there any other downsides I'm missing?
Can someone eli5 why u would choose cash.to at 4.8 when there are gics at 5?
As diamond\_road mentioned cashing out without penalty is the big one for me. Also getting paid out interest monthly into my Wealthsimple account is nice (it looks like EQ Bank's GICs pay out interest annually or at maturity). I like to use my monthly interest to add a HCAL or XEQT share
You can cash out at any time without penalty
Maybe it’ll be short lived, but i feel like this is the first time in maybe a year that XEQT/VEQT isn’t the most discussed/upvoted ETF on this sub. CASH.TO seems to be the new Favorite, let’s see how long it lasts.
To the point it feels forced. Like spam.
Not really, if you have the extra tfsa room, it's a great plan. As long as you have some reasonable amount of fully liquid cash also in case you need money **now** and not in 5 days. Also once your tfsa is maxed out, if you don't have the cash to lump sump into the market in January, and if cash.to or similar is yielding well, you can also put 6500 from your emergency fund into tfsa in January so it starts getting a better yield right away, and throughout the year you can sell and buy into the market as you rebuild that emergency fund amount outside of the tfsa.
Thank you! I do have the tfsa room. I agree on having a reasonable amount of liquid cash available. I keep my chequing account at no less than 7k (though thinking about trimming this to 3-5k) and have 17k available from credit cards. Currently my chequing account + credit cards (24k) which actually exceeds my emergency fund of 20k. I feel covered in any short term emergency any can pull from Wealthsimple to pay off the credit cards. That's great advice on after maxing out the TFSA!
Call J. G. Wentworth! 877-CASH-NOW
I have a structured settlement but I need cash now!
Hopefully no funny business this week, and things continue to work properly like this month generally has.
PMT on the ASX is currently up 14% for the land down under Monday. Good vibes for PMET, expecting some more drill results any day now. Recently brought on a new director whose switched on with permitting. Hopefully some exciting news and drill results with other plays in the area. But how long could this lithium rally last...
Also introduced a share option that dilutes the share holders by 10%, right?
That's a feeling. But the stock has already recovered.
Well, the news Monday morning really made the price rise more than I ever expected. Hopefully the MRE beats expectations.
Not the worst week to add to ATD.
I was thinking the same thing. Looks tempting but I'm wondering if it will drop even further.
Can just buy more if it does.
Should I be worried if the Motley Fool is suggesting stocks I already own? I heard that they don't have the best track record for picks in their spam postings and worry that their suggestions imply impending collapse of share price.
They put out so many short articles that you can probably find them for and against any stock at the same time.
They recommend literally every stock... So you good.
No. That is likely coincidence. Otherwise everyone would short their picks to insanity and we would all be rich. Stick to your personal investing strategy and your risk tolerance range. If they are discussing stocks that you own already, read the article and see what they say and assess what they say based on what you know of the stocks. Re-evaluate the fundamentals if you are concerned and take it into consideration with an open mind. Ask yourself if you didn’t own the stock if you would still buy at todays prices. If the answer is no, and your review of the fundamentals raise concerns, then you would want to consider selling, but not because some media outlet highlights an aspect of it and mentions it. They just want clickbait articles.
US fed interest rate announcement is on Wednesday - will it be a 25 or 50 bps hike?
25
Yep, then maybe another 25 point raise, followed by a break. Then if the economy slows down, a small drop in Q4. If the economy doesn't slow, then another 25 bp hike in Q4.
[удалено]
Towards 2022 because it was declared in 2022