Well it's been a year for the TFSA so how did you do? Investing very conservatively mine is at $8900. I'm sure some of you have done very well so who's is bigger?
bd
bd
Not interested one bit in the TSFA. Too small, too slow and too conservative, especially with my profile.Well it's been a year for the TFSA so how did you do? Investing very conservatively mine is at $8900. I'm sure some of you have done very well so who's is bigger?
bd
Well done, mine is only $7,500Well it's been a year for the TFSA so how did you do? Investing very conservatively mine is at $8900. I'm sure some of you have done very well so who's is bigger?
bd
Dont quite understand your rationale . The whole purpose of a TFSA is you can invest in anything and the capital gains are tax free.If you withdrew the money and invested it into the maket then any capital gains are taxable.I did open and max mine out a year ago.
But then I withdrew it and invested in the market.
At least I can now deposit 10000 this year if I choose.
Maybe the TFSA is a "high-interest" savings account, not TFSA at self-directed discount brokerageDont quite understand your rationale . The whole purpose of a TFSA is you can invest in anything and the capital gains are tax free.If you withdrew the money and invested it into the maket then any capital gains are taxable.
This brochure m,ight help you undesrtand TFSAs better.Dont quite understand your rationale . The whole purpose of a TFSA is you can invest in anything and the capital gains are tax free.If you withdrew the money and invested it into the maket then any capital gains are taxable.
You're simply wrong.i maxed out my TFSA already. and i was looking to trade. but i was actually planning on trading in the US stock market then i found out that ...like ur RRSP, it can only have Canadian holdings...can anyone confirm?
i appreciate ur research. my original plan was if u had read my other treads was to transfer my maxed TFSA to Questrade and invest in the US Markets. I was actually speaking with my aunt...which i should have probably still done more research which i am, said that it wasnt possible. I guess she was wrong. thx wet_suit_one for ur help
Small yes. Slow, it's only as slow as the investments you choose. Same thing applies with conservativism. But definitely small.Not interested one bit in the TSFA. Too small, too slow and too conservative, especially with my profile.
It is not the TFSA that is too small, it is you that is too big.Not interested one bit in the TSFA. Too small, too slow and too conservative, especially with my profile.
Keep in mind though like RRSP, you cannot claim capital loss in both TFSA and RRSP when you screw up your stock pick. You could claim captial loss in non-registered account when your bet doesn't work out.i appreciate ur research. my original plan was if u had read my other treads was to transfer my maxed TFSA to Questrade and invest in the US Markets.
Couldn't say it better myself but you do need cash to make it happen and after paying down your debt. Otherwise it's all academic.Put all investments generating a capital gain in the TFSA.
Keep your GICs and fixed income in the RSP.
So true but it's uncommon since on average the RRSP balance in Canada for baby boomer is shockingly less than $100K.Rever forget that the government OWNS your tax rate otimes your RRSP. If you have a million bucks in an RRSP and you are a top tax payer, your RRSP i sonly worth $550k to you.