Allan

14.4K posts

Allan

Allan

@amredman

Property Management SaaS Creating software to help Landlords and Property Managers do more with less. https://t.co/3urz2cCtQr

Canada شامل ہوئے Temmuz 2010
289 فالونگ654 فالوورز
Allan
Allan@amredman·
@thekitze As a Canadian, I'll say it depends on a few things. Mostly what type of work you do and expected salary. If it's low, go for Canada. If it's medium or higher, America.
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kitze the 🐐
kitze the 🐐@thekitze·
The amount of people who live in Canada that reply to not move to Canada is hilarious
kitze the 🐐@thekitze

i've never been this deep into researching a move to the usa or canada there are billion reasons not to but i feel the pull for some reason our top choices are toronto and boston for now, both of them with major pros and cons turns out healthcare in canada is worse than in usa?? wtf we are used to just throwing money and getting a specialist on the same/next day in poland, even tho we pay for public health

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Allan
Allan@amredman·
@NotA_Bull I'd disagree. If you want to be rich, it's better to focus on the income side of the equation.
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Evan | Investments
Evan | Investments@NotA_Bull·
Index funds are for people who have accepted they will never be truly rich. If you want to change your family's future, you have to FOCUS on 1-3 individual stocks. Agree or Disagree?
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Allan
Allan@amredman·
@Prominent_Bryan I have never heard of anyone being picky about where their fruit comes from. I doubt this is real.
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Canadian Investor
Canadian Investor@TheCADInvestor·
People keep saying “$1M won’t be worth much in 25 years.” Okay, so what should people do? Build $0 instead? Hold cash while inflation eats it? Of course future dollars will be worth less. That’s exactly why you need assets. Inflation is not an argument against investing. It’s the argument for investing. A $1M TFSA in 25 years is not some perfect retirement plan. It’s one piece of the puzzle.
Canadian Investor@TheCADInvestor

A Canadian couple does not need a miracle to build wealth. They need: 2 TFSAs $7,000 each per year $14,000 combined 25 years a simple index fund with 8% returns That can become ~$1.1 million combined. Tax free. Before RRSP, before taxable accounts, before pensions.

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Allan
Allan@amredman·
@kamikazecash There's always some idiot in the middle to mess it all up.
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Kamikaze Cash
Kamikaze Cash@kamikazecash·
I still remain shocked that barely any families have generational wealth. NOBODY among your ancestors stashed $100/week into US equities held in trusts, or even just taxable accounts? I throw bands every month into a blend of growth ETFs like $QQQ and defensive dividend ETFs like $SCHD and $SPHD. I’m pretty positive that a heavily-funded 529 is also enough to send a half dozen kids to college while you change beneficiaries as needed. Unless my kids are absolute imbeciles with money, they’ll be the first among my family tree to inherit the bag.
Peter St Onge, Ph.D.@profstonge

Apparently if you invested $100 in American stocks at independence you would have $238 million today 🇺🇸🇺🇸

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Gavin (humanist/acc)
Gavin (humanist/acc)@GavMcCracken·
1.1million is virtually nothing in 2026. Canadian condos go for 1million. Houses 2million. And by the time your 8% per year compounds into 1.1million, Canadian M2 will have grown another 1000% and 1.1million will be the new 110k. Tax slavery.
Canadian Investor@TheCADInvestor

A Canadian couple does not need a miracle to build wealth. They need: 2 TFSAs $7,000 each per year $14,000 combined 25 years a simple index fund with 8% returns That can become ~$1.1 million combined. Tax free. Before RRSP, before taxable accounts, before pensions.

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Allan
Allan@amredman·
@RoaringHammy Personally, I don't think so. Buy them because you want to enjoy them.
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Roaring Hammy 🏇🌹
Roaring Hammy 🏇🌹@RoaringHammy·
Is buying a porsche and Rolex a good investment? My friend says it is as they can enjoy it and it appreciates in value
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Allan
Allan@amredman·
@Meodread While it's possible at the income only level, it's very uncommon. I think on Ontario it's around $1.25m income.
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y o m i “Jr”
y o m i “Jr”@TheAbayomi·
Bruhh, I tried to do the math but shit isn’t matching. Canadian tax law doesn’t even work that way. I don’t know what tax lawyers and accountants you used but mannn some ain’t right. Also, Tax avoidance is legal , tax evasion is not . If it were easy , every Canadian founder would be in Paraguay before an exit .
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The Way of Jerz
The Way of Jerz@TheJerzWay·
My Canadian client sold his SaaS for $4.2M. CRA wanted $1.9M. He'd already moved to Paraguay and completed a complete restructure of the business 18 months prior. His tax bill: $0. Canada called it "tax avoidance." I call it "reading the tax code." Same exit. Different passport stamp.
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Allan
Allan@amredman·
@Investmentkage People pretend that the footprint of the seats isn't 4x what they used to be.
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Allan
Allan@amredman·
@TakeThiamine It's nice to see people post stuff like he did. Now I know not to listen to him.
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Allan
Allan@amredman·
@Philly_P87 Personally, I'm not interested in any EV. If I were, I'd take a look.
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Philly
Philly@Philly_P87·
BREAKING: 🇨🇦 Chinese EV giant BYD is reportedly planning to establish a dealer network in Canada. Canadians would you buy one?
Philly tweet mediaPhilly tweet media
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Allan
Allan@amredman·
@HomeLoanBill I'd say it's the combination of prices and rates for me. Total cost of ownership is what I'm after. But the rates are the biggest lever.
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Allan
Allan@amredman·
@MarkSauer18 @CDInewsletter I don't think it includes those things, but that's a fair question. Having said all of that, I still believe that income testing is best. However, I just think the limits should be lower.
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Mark Sauer
Mark Sauer@MarkSauer18·
@amredman @CDInewsletter I wonder too if this net worth estimate includes the present value of their CPP, and other DB pensions. Not things that most people think of as part of their net worth..
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Canadian Dividend Investing
Canadian Dividend Investing@CDInewsletter·
The average Canadian baby boomer household is worth $1.5M, yet seniors get OAS, medical/pension tax credits, and income splitting. Gen X, who are rapidly approaching retirement age, are almost as rich and in line to get the same benefits. Seems like an unnecessary strain on gov't budgets. Let's start with OAS reform.
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Mark Sauer
Mark Sauer@MarkSauer18·
@CDInewsletter Of course there is the average vs median thing. A small number of people with massive net worth can skew the average.. I'd be curious to see the median.
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Allan
Allan@amredman·
@CDInewsletter While I agree in principle, using average over median weakens the point IMO.
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دریافت کریں

@thekitze @NotA_Bull @Prominent_Bryan @HollywoodaiBrad @TheCADInvestor @HubbyWifeshubby @kamikazecash @GavMcCracken