Trump gives a thanks to his “legendary friend” Elon Musk for pledging to give SpaceX $SPCX stock to millions of American children through Trump Accounts. I want a legendary friend.. 🥺
What’s the most important thing you look for when researching a stock and finding a winner? What are the things that a stock must have in order for you to own it? Let me know below, i’m super curious!
I spoke to a police officer today in the lower mainland who had a 300k down-payment for his house in Chilliwack, BC and his monthly mortgage payment is still $4500....thats 3 times my mortgage payment and we make roughly the same salary.... I literally don't know how folks out in Vancouver and Toronto do it? Unless someone has rich parents or living in tiny places... is everyone else just house poor?
The Fidelity team is BACK with another user research sessions to better understand how Canadian retail investors think about ETFs. This is a great opportunity to sit down, this time with their Marketing team, and share your honest perspective on the ETF space, and discuss what works (or doesn't work) for you when it comes to ETFS! Whether you actively hold Fidelity funds or hold funds from other providers, you should participate! Any feedback is very welcome Session Details: Date: Thursday, October 29, 2026 Time: Between 2:00 PM – 3:00 PM EDT (Toronto time) Format: 1 hour virtual interview - come ready to share your thoughts! No prep needed, it will be over Zoom! Honorarium: $15 gift card or e-Transfer as a token of appreciation for your time Who we’re looking for: ⚡️ 10 ETF holders of any kind (any provider, style, or asset class) If you’d like to participate, please fill out this quick screening form: https://forms.gle/SQeyKxedRsTznje18 (If you can’t make the 2:00 PM – 3:00 PM window on Thursday but are open to future user research studies with Fidelity, feel free to submit the form anyway so we have you on our radar!)read more
📊 AI spending fears hit tech hard while oil spiked. The Nasdaq dropped 2.6% to 26,008.86 for its worst day since June, the S&P 500 fell 1.21%, the Dow edged up 0.02% and Canada’s S&P/TSX Composite sank 0.97%. 📱 Meta ($META) slipped about 7% despite beating on revenue with upbeat guidance. The company raised its capital expenditure forecast, and comments about how much AI funding it still needs sent the stock over and dragged the broader tape with it. ⚡ Power names tied to the data center buildout got crushed. GE Vernova ($GEV) and Bloom Energy ($BE) each fell more than 11%, Vistra shed over 10%, Quanta Services dropped more than 8% and Eaton lost nearly 7%. 💉 Moderna ($MRNA) cratered 17.57% to $202.63 after partial data on its Merck-partnered cancer vaccine leaked. The full release later in the day actually looked good, showing a 42% reduction in recurrence or death risk for certain melanoma patients versus Keytruda alone. 🚚 Mullen Group ($MTL) jumped 11.50% to $32.28 to lead the TSX on record quarterly results. Adjusted earnings of $0.52 per share beat the $0.41 expected and revenue of $653.2 million topped $614.9 million, up 16.3% year over year. 🛢️ Brent surged 4% to settle at $113.17, its highest since May, after a report that the U.S. and Israel plan renewed strikes on Iran following the midterms. WTI gained 2.39% to $99.47. Money ran to Treasurys, with the 10-year yield dropping more than 17 basis points to 4.972%. 👨🏻💻 Researched and written daily by @timeminoread more
Meta raised its capex forecast again and the stock dropped 7%. Is the AI buildout still worth the spend?
I asked ChatGPT work to give me its top 10 stock buys for growth right now in the market And here’s what it gave me: 10. $GOOGL 9. $CRM 8. $NVDA 7. $SE 6. $META 5. $NOW 4. $NU 3. $AMZN 2. $UBER 1. $MELI Thoughts? Do you hold any of these? read more
Here are my top 9 most favorite books on the topics of money, investing, and the psychology related to it. 🙂 I have also shared my short takeaways from each of these books: ✅ Reboot Your Portfolio (Dan Bortolotti): By simply "owning the market" through globally diversified index funds, you will almost certainly enjoy better performance than the vast majority of investors who buy actively managed funds or try to pick their own stocks. Over the long term, index funds offer the highest probability of achieving your investment goals. ✅ Atomic Habits (James Clear): If you can get 1% better each day for one year, you’ll end up thirty-seven times better by the time you’re done. Focus on making tiny adjustments to your behavior, as small changes lead to lasting improvements. ✅ Die with Zero (Bill Perkins): Maximize meaningful and memorable experiences in your lifetime when you are healthy and have the capacity to do so. Invest in experiences that yield long-lasting memories and pay you regular "memory dividends". ✅ The Simple Path to Wealth (JL Collins): Build a financial cushion (F-You Money) to give you a choice, and invest through low cost, broad-market, diversified index funds. ✅ Rich Dad, Poor Dad (Robert Kiyosaki): Use your money to acquire assets instead of liabilities. ✅ Choose FI (Chris Mamula, Brad Barrett, Jonathan Mendonsa): Achieving Financial Independence requires a plan, much like building a house, but it is not a one-size-fits-all approach and you can tailor it based on your own journey. ✅ Quit Like A Millionaire (Kristy Shen, Bryce Leung, JL Collins): Spend your money on experiences that last a lifetime that on material stuff and consumer debt. ✅ The Psychology of Money (Morgan Housel): Managing your emotional impulses and learning how to behave in face of challenging money decisions, play a crucial role in your financial success. ✅ I will teach you to be rich (Ramit Sethi): Develop a "Conscious Spending Plan" that aligns with your values and financial goals. 📚 Learn More: https://youtu.be/KIXOYvKgtnw ➡️ What are your favorite money/investing/self-development book recommendations?read more
I've been really MIA on Blossom since the passing of my sister... It's given me a lot of time to reflect on things. I still enjoy everything about finance and check my portfolio often, but I really want to stress the importance of realizing why we are doing this. What is the end goal of all of this? Seeing a loved one go in their early 30s is difficult, and it's made me realize that the time we have on this planet is really, really short. I have come to the realization that staring at numbers and watching them grow isn't as important as spending some of that time with loved ones. I want to start taking the kiddos on more vacations, buy the van that the wife wants, and try to see my parents more. The key for me will still be to be responsible with my finances, but instead of waiting for that next portfolio goal, waiting for the kids to grow older, or waiting to retire... why not live now? The whole point of becoming wealthy is to USE THE WEALTH, not to stash more and more so we can become so rich that we never actually enjoy the short time we are given on Earth. When the drunk driver went head on with her Uber vehicle, I truly believe she had no clue, could've just been chilling on her phone in the back then dead the next second...goes to show our life could end at any second and we might not even realize it. This post isn't saying we shouldn't be financially responsible, but that we should also enjoy life today... Tell your loved ones you love them, and use your finances to better your life. Willread more
Starting my investing journey I’ve noticed such a huge trend of people glorifying ETFs like $VOO$QQQM$SCHD$VXUS and more but I have such a huge problem with that. Although there are good things about ETFs and reasons to use them I feel as though we are leading a lot of new investors astray. The purpose of ETFs: ETFs are exchange traded funds used for the purpose of diversification. But why do people want diversification? Well it’s less risk, you can gain profits from tons of companies all in one. So why would I be making a post opposing ETFs. Well it all comes back to the concept of risk pooling. Risk pooling is a strategy where one splits risk across multiple sections or areas. So instead of having one stock I would have many and the reason for this is reduced risk. Where one stock may be losing profitability another could be gaining profitability and together they will neutralize each other out so I neither loose nor gain. Risking pooling creates a safety net against major losses but what we forget is that it also creates a safety net against major gains. Neutralization affects both sides. Why does this matter: Taking that understanding of risk pooling we see the purpose of risk pooling is reduced risk. But does reduced risk align with investor goals? Are we investing to keep our money safe or to make our money profitable. Investors goal should be profitability and that is what the stock market is for. So when you invest in ETFs remember ETFs are not built for profitability but for safety. The best gains aren’t in ETFs but rather the concentrations of individual stocks, but then again is an individual stock the best strategy either? That’s an immense amount of risk in one company that could go down. So maybe the best strategy isn’t one or the other but maybe a combination of both. Your Portfolio of Individual Stocks is your ETF: With ETFs you are forced to neutralize losses with profits as all stocks are combined into one big one. But if I mimicked $VOO as individual stocks I would have way higher profitability and here’s why. What ETFs take away from you is inflation. Inflation is a third variable to risk, as we all know the stock market grows with inflation and even bad buys over time even out. So instead of the losses stealing your profits you can use inflation to neutralize the risk of underperforming stocks. But let’s take it a step further. ETFs remove your choice: What if you instead of being forced into a diversification you didn’t really choose or understand you made a portfolio of stocks you knew and understood. An ETF where the likelihood of green was 70/30 not 50/50. Then profitability would increase further. We also know that diversification doesn’t have to look like hundreds of stocks it can be much less. Risk’s correlation with Profit: You see what I have been trying to point out here is that diversification has an inverse relationship with profitability. The further you diversify the lower your profitability threshold is. So instead of going straight ETFs or just a single individual stock maybe the best investors are in the middle. Where investors diversify but only to the point of statistical necessity. My recommendation: So in all of this I would recommend mixing up your portfolio. Have some ETFs but don’t choose broad ETFs and when you see good individual stocks maybe don’t pass it up cause of some risk, if you have researched a company that already reduces your risk. If you want another helpful tip: Stocks all fall under a sector and not only do stocks have individual performance but they also have sector performance so if you want to diversify but increase the likelihood of profitability choose a sector focused ETF and research what sectors are performing better in the market and that will give you what you really want, an ETF that generates real profitability. So if this post seems like a controversial take to you I advise you to look into it yourself. Study risk pooling and look at the best investors portfolios and see what’s in there portfolio, cause the best investors I know are never talking about $VOO or $VXUS they are talking about $META they are talking about $NVDA and they are talking about the future of this country which most likely will involve a lot of AI. read more
Hey Everyone I am new to Blossom and my name is Manny and it’s nice to meet you investors and I am a beginner investor and I only invested $9.71 on Bitcoin and Pepe on coinbase and can you guys give me some tips on how to grow and keep on making passive income and generating money and what else should I invest in I been wanting to invest in SpaceX and Tesla Elon Musk company’s what do you think
TOP 8 STOCKS TO TAKE ADVANTAGE OF THIS DRAWDOWN: 1. $NBIS Nebius Group 2. $ASTS AST SpaceMobile 3. $RKLB Rocket Lab Corp 3. $AEHR Aehr Test Systems 4. $AVGO Broadcom 5. $GOOGL Alphabet 6. $VRT Vertiv Holdings 7. $CRDO Credo Technology 8. $NVDA Nvidia Corp Anything else a must add?read more
We're celebrating Episode 25 of Financial KarMoe and Moe's birthday 🎂 (not 25! lol)! 🥳🎈 This episode, @karyungtom and Moe discuss common investing mistakes, covered call ETFs vs. broad-market investing, and why a high distribution doesn't necessarily mean higher returns (Shoutout to @scottsinvesting, @saini, @ian_s whose posts we reviewed). We also answer @griff79's question from Blossom about funding your TFSA for 2027, explore value investing during inflation, and debate whether long-term investors should actually hope for a market crash. To wrap things up, we get personal with birthday freebies, frugality, and Canada's tipping culture. Is it getting out of hand, especially when picking up takeout or a coffee? 😅 💬 What do you think? Has tipping culture in Canada gone too far? Let us know! https://www.youtube.com/watch?v=yBthz2Wmr2o
Well!! Today isn’t a day to jump back into $XEQT hopping $TSLA and $META bring the market down tomorrow after earnings it has already jumped before the numbers are even out. 😵
Here are 🚩3 big flags🚩that signal a company might not be a good investment, and I'll walk you through how to check for each one. (Free Stock Checklist at the end) --- 1️⃣ Declining Revenue or Earnings📉 🛑 Why it’s a red flag:A company with falling revenue or earnings may be losing market share, dealing rising costs, or the overall industry is shrinking. ✅ How to Check for This: A) Look at the Income Statement📊 - Find the company’s total revenue and net income in its latest financial report. Top-line & bottom-line, respectively. - Compare revenue and net income across multiple quarters/years. 3 years or 12 quarters is more than enough to indicate a trend - If both are consistently declining, it’s a warning sign. B) Check Earnings Reports🗂️ - Look at the company’s quarterly earnings reports to see if they’ve missed expectations multiple times. C) Compare to Competitors🔍 - Is the entire industry struggling, or just this company? 📚Website for financial reports: https://www.marketwatch.com/ --- 2️⃣ High Debt Levels 🛑 Why it’s a red flag:Companies with a capital structure heavily debt-reliant are more vulnerable in economic downturns and might struggle to repay obligations. ✅ How to Check for This: A) Find the Debt-to-Equity Ratio (D/E)📊 - Go to the company’s Balance Sheetin its latest report. - Find Total Debt and Total Equityand calculate: Debt-to-Equity Ratio = Total Debt ÷ Total Equity** - A D/E ratio above 2.0 (varies by industry) is usually risky. B) Check Interest Coverage Ratio🔍 - Look at the Income Statement for EBIT (Earnings Before Interest & Taxes). - Find Interest Expense and calculate:Interest Coverage Ratio = EBIT ÷ Interest Expense - If this ratio is below 1.5, the company may struggle to pay interest. 📚 Resources: https://www.investopedia.com/terms/d/debtratio.asp#:~:text=Key%20Takeaways&text=A%20company's%20debt%20ratio%20can,has%20more%20assets%20than%20debt --- 3️⃣ Poor Cash Flow 🛑 Why it’s a red flag:A company can be profitable on paper but still run out of cash to fund operations. ✅ How to Check for This: A) Find the Cash Flow Statement📜 - Look at Operating Cash FlowOCF). - If OCF is negative for multiple quarters, the company may be in trouble. B) Check Free Cash Flow (FCF)💰 - Free Cash Flow = Operating Cash Flow - Capital Expenditures - A company with negative FCF can’t reinvest in growth without taking on debt. 📚 Read more about Cash flow: https://www.investopedia.com/articles/stocks/07/easycashflow.asp ___________________________________________ Thanks for reading, I am open to engage in friendly conversations so I encourage you to leave a comment!💬 Access my free stock checklist at the link below⬇️ https://investingwithcole.gumroad.com/l/stockchecklist read more
These aren’t rules, facts or anything definitive; just some of the many opinions I’ve built over nearly 30yrs of stock investing. Take em' or leave em', it's all good to me because they're accurate. 🤷♂️ Here goes, in no particular order. Far too many investors… … have a gambling mentality when it comes to investing. ... focus on where a stock once traded to determine 'fair value’. ... think their pain threshold for unrealized losses is far higher than reality. ... risk far too much for a potentially very small win. ... create a lot of bad habits during bull markets. ... fail to acknowledge mistakes, so they fail to learn from them. ... under-estimate how can be lost going all-in on high or no P/E growth. ... rely on 'wishful thinking' over an actual 'investment thesis'. ... ignore anything negative about their stocks due to confirmation bias. ... will jump into day trading and/or margin usage at worst possible times. ... make blindly 'buying the dip' they're primary investing strategy. ... consider bullish "what-ifs" , while ignoring bearish "what-ifs". … equate every bit of news as a catalyst, while it's just ‘business as usual’. .*. spend too much time on small positions & not enough on large positions. .*. fall prey to "how much lower can it go" thinking, and later learn A LOT! ... underestimate 'company specific risk' and invest too much in one stock. ... worry about how they rank against others instead of focusing on self. … don’t understand what ‘the market is forward looking’ truly means. ... fail to factor 'we don't know what we don't know' in investment thesis. ... confuse getting lucky with having a sound investment thesis. ... will eventually get kicked in the throat by an unexpected margin call. .*. own too many individual stocks complicating things for no reason. … don’t spend enough time trying to break their bullish investment thesis. … scream "manipulation", when wrong about their favorite stock. ... spend too much time on social media telling others their stocks are best. ... think 'time in the market' guarantees profits, which isn't true for stocks. ... fall for recency bias when projecting future returns. … think they know more about a stock/company, than they actually do. ... sell their winners early and hold their losers indefinitely. ... willingly pay high expenses on ETFs that don't deliver. .*. happily DCA to lower cost basis, but won't do it to raise cost basis. ... turn a blind eye to dilution from rampant share issuance. ... ignore importance of long-term diversification. ... assume any ETF or mutual fund is safer than a stock. .*. get caught up believing the hype of a highly speculative stock. ... don't bother researching balance sheet & other key metrics.. ... under-estimate what's needed to retire 'comfortably', incl. fire/coast fire. .*. over-estimate what's needed to retire 'comfortably' (opposite of above). ... are far too quick to give advice while being ill-equipped to do so. ... over-estimate their true returns by failing to offset deposits. ... get cocky during bear markets & ultimately lose years of gains because of it. I think I've shared something similar to this in the past, so if I'm being honest, not really sure why I'm sharing... As with most of my posts, it's likely driven by what I'm seeing in my Blossom feed. And full disclosure, I've been guilty of a few of these (.*.) myself. Maybe you're guilty of some too. ** Wanted or not, I'll add to this list as more come to mind. **read more
📊 SpaceX pulled investors back into tech. The Nasdaq jumped 1.05% to 26,702.86, the S&P 500 rose 0.58% for a third straight gain, the Dow added 0.69% and Canada’s S&P/TSX Composite climbed 0.60%. 🚀 SpaceX ($SPCX) surged 7% after reporting third quarter revenue growth of 161%, with its AI business up ninefold. Musk also said SpaceX and Tesla have formed special committees to discuss a merger. 🎬 Netflix ($NFLX) tumbled more than 5% after its full year revenue forecast came in below expectations. The streamer also cut its full year ad revenue guidance. ✈️ United Airlines ($UAL) rose 3.99% to $101.67 on record quarterly revenue of $17.9 billion, up 17%. Fuel expenses jumped 62% though, and fourth quarter guidance of 50 cents to $1.50 per share landed well under the $1.76 expected. United sees fuel at $4.80 a gallon next quarter, up from $3.90. 🍁 Mark Carney and Doug Ford announced $9 billion in support for Canadian sectors hit by the trade war. Carney said he spoke with Trump Wednesday morning about trade, Iran and Ukraine, the same day U.S. officials released a fact sheet accusing Canada of interfering in American elections. 📱 Meta ($META) gained 3% after hours on third quarter revenue of $64.60 billion against the $63.37 billion LSEG consensus, with fourth quarter guidance also ahead. Tesla ($TSLA) beat on both lines at 48 cents per share on $28.05 billion but still slipped 2% in extended trade. 👨🏻💻 Researched and written daily by @timemino read more
If I could only hold ONE fund for the next 30 years, I'm STUCK between two. $VOO is the simple, classic answer. $QQQM turned $10K into almost $65K over the last decade, but 2022 showed how brutal that ride gets. $VTI owns every corner of the US and $VT owns the whole planet for 0.07%. Me, I'm an S&P 500 guy long term, but I'd be lying if I said I never peek at $QQQM. One fund. 30 years. No switching. Which one are you picking?
One of the best parts about the Blossom community is how open everyone is sharing knowledge and experiences. To make things easier for anyone just starting their investing journey, here’s a simple glossary to help understand and simplify various terms. Common Terms: Dividend: A share of a company’s profits paid to shareholders, usually quarterly. Ex-Dividend Date: The cutoff date by which you must own a stock to receive its next dividend. ETF (Exchange-Traded Fund): A fund that holds multiple stocks or bonds, traded like a single stock. Covered Call ETF: An ETF that owns stocks and sells call options to generate extra income (higher yield, limited / capped upside). Earnings Report: A company’s quarterly financial performance summary. EPS (Earnings Per Share): A company’s profit divided by its number of shares. Market Cap: A company’s total value (share price × number of shares). ACB: The total amount you’ve paid for an investment, including the purchase price plus any fees or commissions. Book Value: The value of a company according to its financial statements (assets minus liabilities). Yield: Annual dividend as a percentage of the stock/ETF price. Liquidity: How easily an asset can be bought or sold without impacting its price. Volatility: The degree of price fluctuations in a stock or market. Index: A benchmark of stocks (e.g., S&P 500, Nasdaq, TSX). Bull Market: A period of rising stock prices and optimism. Bear Market: A period of declining stock prices and pessimism. False Breakout: When a stock’s price moves above (or below) a key level, making it look like a new trend is starting, but then quickly reverses back. P/E Ratio: Price-to-earnings ratio (stock price ÷ EPS), used to assess valuation. Blue Chip: Well-established, financially strong companies with a track record of stability. Diversification: Spreading investments across assets to reduce risk. Broker: A platform or firm that facilitates buying and selling investments. Limit Order: An order to buy/sell a stock at a specific price or better. Market Order: An order to buy/sell a stock immediately at the current market price. Bid/Ask Spread: The difference between the highest price buyers offer and the lowest price sellers accept. Dollar-Cost Averaging (DCA): Investing a fixed amount regularly to reduce the impact of market swings. Capital Gain/Loss: Profit or loss from selling an investment for more/less than its purchase price. IPO: When a company first sells shares to the public. Index Fund: A fund designed to mirror the performance of a market index. Short Selling: Selling borrowed shares, hoping to buy them back cheaper. Margin: Borrowing money from a broker to buy investments, which amplifies gains and losses. Margin Requirement: The minimum amount of your own money (equity) you must maintain in a margin account to open or keep a leveraged investment position. Margin Call: A demand from your broker to deposit more funds or sell assets because your account equity has fallen below the required margin level. Time Horizon: The length of time you plan to hold an investment before needing the money. Short horizons = more risk-sensitive, long horizons = more room to ride out volatility. Stock Split / Reverse Split: A split increases the number of shares (e.g., 2-for-1) while lowering the price per share. A reverse split reduces the number of shares (e.g., 1-for-10) while raising the price per share. Your overall value doesn’t change just the math. Long (Being Long): Buying a stock or asset because you expect the price to go up. Short (Being Short): Selling a stock you don’t own because you expect the price to go down, so you can buy it back cheaper later. TER: The total yearly cost of owning a fund, including the management fee plus other costs like administration, audits, and legal fees. MER: The annual cost that a fund charges for management (includes any leverage costs if used). Management Fee: A portion of the MER that goes directly to the fund managers for running the fund. Withholding Tax: A tax deducted on dividends/distributions from foreign investments (e.g., U.S. dividends to Canadian investors face a 15% withholding in TFSA/Non-Registered accounts). Total Returns: The full picture of an investment’s performance, including both price gains and dividends/distributions. CAGR: The average yearly growth of an investment over time. NAV: The price of one share of a fund (stock or etf) NAV Depreciation: When the fund’s share price goes down over time. Mutual Fund: A pool of money from many investors used to buy a mix of stocks, bonds, or other assets. Bond: A loan you give to a company or government, and they pay you back with interest. Asset: Anything valuable you own that can generate money. Portfolio: Your collection of investments. Option: A contract that gives you the right (but not the obligation) to buy or sell a stock at a set price. Future: A contract to buy or sell something at a set price on a future date. REIT: A company that owns real estate and pays investors income from rent. Alpha: A measure of how much better (or worse) an investment did compared to the market. Beta: A measure of how much an investment moves compared to the market. Sharpe Ratio: A way to see if returns are worth the risk taken. Hedging: Protecting your investments from risk. Rebalancing: Adjusting your portfolio back to your target mix of assets. FCF: Free Cash Flow Understanding these terms makes investing far less intimidating. If anyone feels other terms should be included, please share in the comments. I’ll update this post so we can build a complete beginner-friendly resource together! *Sorry tagged a few etfs for reach 🫣read more
I'm working on an ETF deep dive into $HDIV, one of the most requested ETFs. I want to know what YOU actually want answered.... not just the advertised yield or how much it pays every month. I want to dig into the numbers and the questions that matter to YOU. How sustainable are the distributions? How much comes from return of capital? What are the underlying holdings actually doing? How does the leverage affect risk? Is HDIV delivering enough total return to justify its costs and complexity? Those are just a few starting points and examples.... What are the HARD questions you want me to answer? And as always, this is open to all, whether you're a holder, thinking of buying it ... or skeptical of the whole covered call strategy. I'd love to hear what you want to know and then i'll do my very best to separate the marketing from the data. Ps. The tougher the questions, the better 😏
$VXUS holds 8,790 stocks.. That’s EIGHT THOUSAND, SEVEN HUNDRED and NINETY….. To some, that sounds like diversification on steroids, over kill… HOWEVER, those 8,790 stocks are actually equivalent to owning only about 239 equally weighted stocks. That’s its effective number of stocks. It's a lot more than the S&P 500... but not as much as I personally thought! And that’s just ONE of the things I found digging into VXUS, Vanguards Total International Stock Index ETF. I also found some pretty surprising differences between VXUS and the S&P 500 ($VOO / $VFV ) that made me rethink what “international diversification” means to your portfolio. I broke down the performance, valuation, holdings, sectors, countries and risk in my latest VXUS deep dive. I’d love to know your perspective on this! https://youtu.be/NcafSSVfMXs It’s definitely more complicated than the “US is expensive, international is cheap” .... Would you include international stocks in one ETF as part of your portfolio? Why or why not? Let's get this conversation going guys!!! read more
Just arrived home from a quick trip to London - it was my first time visiting. What a cool city. Full of friendly people. And so much character! Found it super interesting to learn that there’s still very much a ‘saving’ mentality in the UK. But that seems to be changing. Shoutout to Max for delivering an incredible speech (as usual) about Blossom. He presented our platform and mission in a great way and it was very well received by the Brits!
I am currently 47 years old. Unfortunately in that time frame I have lost a lot of family members. Some (most) were accidents, some to age, some to cancer, and one to suicide. That’s 11 deaths total. Only 1 person out of 11 had a will. When you are grieving the last thing you want to do is close an estate up. It’s even harder if nothing has been prepared in advance. After the initial shock of the death settles (the phase where everyone is usually nice), greed comes through in a most alarming manner. I’ve watched people turn into monsters. Make sure you have a will!!!! or people will fight. I know most people hate thinking about their death or their spouses death but honestly it’s just a fact of life. I’ve personally been the executor of 2 estates now. This is my advice: 1. If your young get life insurance. If you’re retired it’s not worth it. 2. Make sure you have a will. 3. Make sure you have a personal directive. 4. Make sure you have a power of attorney set up. 5. If your married make your spouse the beneficiary of your TFSA and RRSP(has to be done through the account not the will), they will roll into the spouses account without taxation. 6. If you’re married, and you own a house, make sure both names are on the title, joint tenant, NOT tenant in common. This activates right of survivorship on property and doesn’t have to go through the estate. 7. If you’re married, both people should have their name on all the vehicles, joint, otherwise it’s a headache after death. 8. Buy a file folding system. I have a plastic one that has a clasp and handle. 9. Put EVERYTHING in this file folder that would be needed if you died tomorrow. a) all land titles B) information on house insurance so it can either be eventually canceled or name changed over. C) your will (or the location of your will), power of attorney, and personal directive D) the information for your car, car insurance, and registration on vehicles. E) information on life insurance. F) all current year papers needed for filing your taxes. Because the survivor will have to do it and will need that information. G) where your household bills are. ALL OF THEM, electricity, gas, Netflix, magazine, subscriptions everything you can think of that is in their name. Because you are going to have to cancel them. H) their credit card information where to contact to cancel the cards I) birth certificate, SIN numbers, marriage, license, etc. J) information on all your investments accounts, bank accounts, etc. K) anything else you can think of for your situation If you’re married, I’d have one box per person. When you die, the funeral home will issue many death certificates. And your lawyer will give you copies of the will. These will be needed to change over any accounts. Everything else goes through the estate which is taxed and the lawyers take their fees so I’d avoid this as much as possible especially if you’re married. This is why having property in both people‘s names is so important because it doesn’t have to go through probate. I am widowed now and I have my black file folder and my two remaining children know if something happens to me, all they have to do is grab the folder. Everything they need to take care of my estate will be located in this folder. At the beginning of every year, I open this file up and go through everything to make sure it’s up-to-date. If you are young and do not own much or can’t afford a will, you can draft one up but it must be handwritten to be classified as a legal document. You cannot type it out!! If you’re not worth much, everything will most likely be sold to pay your bills and cover your funeral expenses. But you can state who your executor will be in your handwritten will. Disclaimer I’m not a lawyer or an accountant and this is not legal advice. Talk to a lawyer and talk to an accountant. Make sure everything is set up for you and your situation. These are situations that I personally ran into. Good luck Also I’ll add in. IF you have a lot of assets make an appointment with your accountant first. They will tell you how to properly set things up. Then take that information to your lawyer. read more
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