Cars are for transportation, not status. A paid off car should be the new status symbol... We need to normalize keeping a paid-off vehicle until the wheels fall off. That Honda or Toyota doesn’t become a bad car just because your neighbour bought something newer. Driving a car for 10–15+ years can quietly build more wealth than most people realize. My wife and have 2 vehicles. 1) 2016 Ram 1500 (paid off) 2) 2005 Ford Taurs (I bought for $2250 10yrs ago...and still drive to this day) We dont have the fanciest cars...but we are Millionares. I'd stick with the latter for now...maybe a really nice sports car when we hit 5 million invested in our 50s (projected) What are your thoughts on vehicles?read more
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
If you haven’t read it already, I’d strongly recommend taking a look at @etf.go’s recent post. It does such a great job at walking through the fees and the impact of them over a long period of time as well as debunking a couple comment themes I hear from covered call investors. There’s also a lot of great information and analysis in the comments by many of the top contributors on Blossom that are worth the read for anyone debating whether or not to go cover calls and follow the finfluencers that promote them.  Here’s the link to the post for anyone interested: https://link.blossomsocial.com/7uYa/ej8h3e9c
Federal Reserve leaves interest rates unchanged. This marks the 5th consecutive meeting with no change in rates. Citadel manipulated and most likely printed. $SPY has erased more than half of the losses experienced today.
One of the biggest market stories of the year may have less to do with AI and more to do with risk management. My latest video breaks down the sequence of events and the investing lessons that come from it. 🎥 https://youtu.be/F3Bl8yUyyIQ
Good to see buyers stepping in after the post-earnings shakeout. The market reaction felt way too aggressive. Algos can turn a normal earnings miss or surprise into a full-blown selloff before fundamentals even have time to sink in. That’s the interesting part about AI-driven trading. It’s a powerful tool, but it can also create some pretty irrational price action. When machines dump quality names into weakness, patient investors can sometimes get the better entry. The real question is: are we using AI to think better, or just letting it think for us?
Why “rich” people drive 10-year-old Hondas and “poor” people lease BMWs 👀 Not a hot take. There’s actual research on this. The Millionaire Next Door studied real millionaires and found most of them live BELOW their means. Old cars. Regular houses. Zero flex. Meanwhile there’s a well-known economics study (Charles, Hurst & Roussanov) showing people with less wealth often spend MORE on visible stuff, cars, clothes, jewelry. Not because they’re bad with money. Because visible signals are doing more work when your bank account can’t do the talking. It’s not rich vs. poor. It’s INCOME vs. WEALTH. Some people optimize for how they look right now. Some people optimize for their net worth in 20 years. Same paycheck. Completely different outcomes. The quiet millionaire isn’t cheap. She’s just playing a longer game 💅 Which one are you optimizing for? read more
Kar and I dive into a wide range of investing topics—from our reflections on attending BlossomCon 2026 in Toronto and strategies for selling shares in retirement, to why spending more time researching stocks doesn't necessarily lead to better returns. We also discuss dividend-focused portfolios, credit card points, and using leverage responsibly when investing. A huge shoutout to Blossom community members Ronan, Diana, Levi, Max, and RandomYaapping, whose posts we featured in this episode. We also mention several other fantastic creators, including Rayne (25andInvested), Kyle, Conroy, Catherine, and many more. Thanks for helping make the investing community such an incredible place to learn and grow together! 💬 Which topic did you agree (or disagree) with the most in this episode? We'd love to hear your perspective in the comments! Enjoy Episode 13 of Financial KarMoe with @karyungtom and Moe! 👍 If you enjoyed this episode, please Like, Subscribe, and share it with someone who wants to become a smarter investor. https://youtu.be/OO5d_Qo0ae0
Wheel 🛞 Strategy Here’s an update of my options trading on Wealthsimple and how I’m using the wheel strategy with $DRAM I Tried the Wheel Strategy for the First Time… I Got Paid! https://youtu.be/3S0vohrcUN4
🗓️ Tomorrow at 10am EST, we’re hosting an Ask Me Anything on Blossom with Etienne Joncas-Bouchard, Director of ETFs at Fidelity Canada! 😎 We’ll be chatting all things all-equity ETFs, including: 📈 What investors should look for when choosing an EQT 🌎 How all-equity ETFs provide global diversification in one fund ⚖️ How the different EQT options compare 💬 Fidelity Canada’s broader suite of ETFs 👇 Submit your questions in advance for the best chance of having them answered: https://www.blossomsocial.com/ama/EQTs-Unpacked-What-Should-You-Look-for-In-Your-All-Equity-ETFs__POST-1784092573955-kOqGJChS_Fidelity 👀 Fun fact: Fidelity’s All-in-One Equity ETF, FEQT, is one of the few all-equity ETFs that includes a small crypto allocation. 🇨🇦 Note: This AMA is Canada-focused since Fidelity Canada’s ETFs are available to Canadian investors. P.S. We host an AMA every month with a different ETF provider, so stay tuned! These AMAs are your best chance to get your questions directly in front of the teams creating Canadian ETFs 🥳read more
I was accused of cherry picking my data about Return Of Capital when talking about covered calls in my recent posts. Truth is, I am still trying to learn as much as I can about this topic and I am just sharing what I am learning. But maybe they were right..... so lets dig into the data..... I looked at the 100 most bought ETFs here on Blossom using the Markets section and separated out all of the covered call ETFs. That left me with a list of 28 covered call ETFs so I built a chart that listed each ETF's distributions over the past 24 months or since inception, and compared it to the Total Return. This is the strategy used to figure out if the Distribution is eroding the Net Asset Value. Basically it means your money is just coming back to you in order to maintain the distribution yield if the total return is less than the distribution. This is not good and would be considered a bad form of ROC (Return of Capital) because you are basically paying fees for somebody to send your investment back to you. Here are the results: Over the past 24 months or since their inception date, 11 out of the 28 Covered Call ETFs have had destructive NAV and Bad ROC meaning that they are just returning your money back to you. MSTE (TSX) – Harvest MicroStrategy Enhanced High Income: -91.5% Total Return | 158.2% Annualized Yield (Since Inception | Destructive ROC Gap: +249.7%)* MSTY (US) – YieldMax MSTR Option Income Strategy: -74.2% Total Return | 94.5% Annualized Yield (Since Inception | Destructive ROC Gap: +168.7%)* ULTY (US) – YieldMax Ultra Option Income Strategy: -42.8% Total Return | 88.6% Annualized Yield (Since Inception | Destructive ROC Gap: +131.4%)* TSLY (US) – YieldMax TSLA Option Income Strategy: -38.5% Total Return | 54.4% Annualized Yield (2-Year History | Destructive ROC Gap: +92.9%) CONY (US) – YieldMax COIN Option Income Strategy: -12.4% Total Return | 68.2% Annualized Yield (2-Year History | Destructive ROC Gap: +80.6%) TSLY (TSX) – Harvest Tesla Enhanced High Income: -8.1% Total Return | 32.5% Annualized Yield (2-Year History | Destructive ROC Gap: +40.6%) YTSL (TSX) – Purpose Tesla Yield Shares ETF: -2.5% Total Return | 31.2% Annualized Yield (2-Year History | Destructive ROC Gap: +33.7%) HBTE (TSX) – Harvest Bitcoin Leaders Enhanced Income: +14.1% Total Return | 34.8% Annualized Yield (Since Inception | Destructive ROC Gap: +20.7%)* HHIS (TSX) – Harvest Diversified High Income Shares: +11.2% Total Return | 30.1% Annualized Yield (Since Inception | Destructive ROC Gap: +18.9%)* PLTE (TSX) – Harvest Palantir Enhanced High Income: +32.6% Total Return | 34.2% Annualized Yield (Since Inception | Destructive ROC Gap: +1.6%)* ETHY (TSX) – Purpose Ether Yield ETF: +18.2% Total Return | 19.1% Annualized Yield (2-Year History | Destructive ROC Gap: +0.9%) BTCY (TSX) – Purpose Bitcoin Yield ETF: +24.8% Total Return | 21.8% Annualized Yield (2-Year History | Sustainable ROC Gap: -3.0%) ENCL (TSX) – Global X Enhanced Cdn Oil & Gas: +21.5% Total Return | 12.4% Annualized Yield (2-Year History | Sustainable ROC Gap: -9.1%) NVDY (US) – YieldMax NVDA Option Income Strategy: +68.5% Total Return | 58.5% Annualized Yield (2-Year History | Sustainable ROC Gap: -10.0%) QQCL (TSX) – Global X Enhanced NASDAQ-100: +28.4% Total Return | 11.8% Annualized Yield (2-Year History | Sustainable ROC Gap: -16.6%) QDAY (TSX) – Hamilton Enhanced Technology DayMAX: +38% Total Return | 19.5% Annualized Yield (Since Inception | ROC Gap: -18.5%)* QQQI (US) – NEOS Nasdaq 100 High Income ETF: +32.2% Total Return | 13.6% Annualized Yield (2-Year History | Sustainable ROC Gap: -18.6%) BIGY (TSX) – Evolve US Equity UltraYield ETF: +33.5% Total Return | 11.2% Annualized Yield (2-Year History | Sustainable ROC Gap: -22.3%) UTES (TSX) – Evolve Canadian Utilities Enhanced: +31.0% Total Return | 8.5% Annualized Yield (2-Year History | Sustainable ROC Gap: -22.5%) USCL (TSX) – Global X Enhanced S&P 500 Covered Call: +35.8% Total Return | 10.5% Annualized Yield (2-Year History | Sustainable ROC Gap: -25.3%) ECHI (TSX) – Ninepoint Enhanced Canadian HighShares: +36.2% Total Return | 10.1% Annualized Yield (2-Year History | Sustainable ROC Gap: -26.1%) YNVD (TSX) – Purpose NVIDIA Yield Shares ETF: +58.4% Total Return | 28.4% Annualized Yield (2-Year History | Sustainable ROC Gap: -30.0%) HDIF (TSX) – Harvest Diversified Monthly Income: +41.0% Total Return | 10.2% Annualized Yield (2-Year History | Sustainable ROC Gap: -30.8%) ZWC (TSX) – BMO Canadian High Dividend Covered Call: +38.5% Total Return | 6.3% Annualized Yield (2-Year History | Sustainable ROC Gap: -32.2%) HYLD (TSX) – Hamilton Enhanced U.S. Covered Call: +46.2% Total Return | 12.0% Annualized Yield (2-Year History | Sustainable ROC Gap: -34.2%) BANK (TSX) – Evolve Canadian Banks Enhanced Yield: +48.5% Total Return | 10.2% Annualized Yield (2-Year History | Sustainable ROC Gap: -38.3%) HMAX (TSX) – Hamilton Canadian Financials Yield: +51.2% Total Return | 10.9% Annualized Yield (2-Year History | Sustainable ROC Gap: -40.3%) HDIV (TSX) – Hamilton Enhanced Multi-Sector: +59.8% Total Return | 10.8% Annualized Yield (2-Year History | Sustainable ROC Gap: -49.0% | Best ROC) It looks like single stock ETF's generally have the worst ROC of the bunch. Seems like they take the full downside when a stock falls and the options limit the upside in exchange for cash flow. Broad Multi-Sector funds targeting 8-12% distributions seem the most sustainable as they provide both upside in appreciation but also sustainable distributions that do not erode the fund. The best overall performers were HDIV HMAX HYLD and BANK As far as I can tell it looks like almost half of the most popular covered call ETF's on Blossom are sending your own money back to you..... with fees and sometimes taxes..... And I can't find a single ETF in this list where the covered call version has outperformed the same asset without covered calls. I love the idea of income, especially if it is needed for monthly expenses but it just makes me think that what we really need is for Wealthsimple and Questrade to launch an Automated Withdraws feature in a way that would give investors a similar result without the fees and upside limits of Covered Call ETFs. What are your thoughts? If you could setup automated withdraws in a way that worked similar to receiving a distribution from a covered call ETF would that be an appealing option to covered call investors? What am I missing? PS. If someone (including me) is wrong about something, kindly point out the mistake and the correct information. Dont be a prick. **Updated to correct for QDAY read more
☝️- Start As Soon As Possible. ✌- Build A Slush Fund 3-5 Months Of Expenses. 👌- Stay Consistent No Matter The Noise. ✌✌- Save More Then You Spend. 🖐 - Diversify (Always) 👌👌 - Find The Investing Schedule That Works For You and Stay Consistent. ✌🖐 - Find Your Risk Tolerance. 🖐👌 - Build A Monthly Budget. 🖐👌☝️ - Build A Watchlist Of Stocks & ETFs You Find Interesting. 🖐🖐 - Watch High MER Fees That Eat Your Wealth OverTime ☝️☝️- Keep Learning With Books and YouTube. PS. I will be Investing $100 into XEF & $100 in VFV This Friday. Comment Your Advice⏬⏬read more
The market didn’t like $SOFI earnings. Some people didn’t like that I stayed bullish either. I actually lost more followers today than on any day in the last 3 months. That’s okay. I’m not here to chase engagement. I’m here to share what I genuinely believe. One quarter, or one red day, doesn’t change my long-term thesis. I still believe SoFi is building one of the strongest financial platforms in the country, and I’m investing based on where I think the business will be years from now, not where the stock trades tomorrow. If my thesis changes, I’ll tell you. Until then, I’m staying the course. NFA. read more
KOSPI is flat tonight.. so far. Samsung reported earnings which were much better than SK Hynix yesterday. They reported nearly +1,900% opertating profit YoY 🤯 Don’t wanna comment yet, you know what happens everytime. Hopefully some relief tomorrow.. or Friday.. Goodnight my salted ice cube crew
The wild ride of 24-year-old former OpenAI researcher Leopold Aschenbrenner just hit a massive Wall Street wall! His hedge fund, Situational Awareness LP, just liquidated its entire public portfolio after a brutal squeeze. 📉💥The Quick Breakdown:The Squeeze ⚡: He bet big on AI hardware and shorted traditional software like Adobe. The trade flipped, sparking massive margin calls from major banks.The Citadel Rescue 🤝: Ken Griffin’s Citadel stepped in to buy the wreckage in a private block trade, saving the open market from a total meltdown!Today's Relief Rally 🚀: The Nasdaq is soaring over 3% today, and Nebius (NBIS) is leading the charge 27.54%, SanDisk up 24.83%, Micron (MU) up 18.59%, Microsoft (MSFT) jumping 16.91% as tech investors breathe a huge sigh of relief. What’s Left? 🔮 His public fund shrunk from $45B to $10B, but his private investments are safe including a massive $5B stake in Anthropic 🤖. From a 439% return in the first half of the year to total liquidation, this is one of the fastest reversals in Wall Street history! 🤯read more
🔥 On Saturday over 2,000 Blossomers came out from all across Canada for an incredible day of learning and connection! I was shocked to see close to 1/3 of folks travelled from outside of Toronto to join us, huge thanks to everyone who made the trip! ⚡️ The energy during the day was absolutely buzzing and it was so awesome to meet so many members of the Blossom community! Special shout out to Blossom's Creator of the Year @jacobb and Blossom's Rising Star @nettspend who won our community-nominated Blossom awards 👏 🌱 Blossom has grown from an idea, to an app, to a movement and BlossomCon is the biggest testament to that. To see 2,000 folks from all different walks of life take time out of their weekend to connect, learn, and build financial literacy together is exactly what Blossom is all about and I am so fired up to keep building for this amazing community 💕 😍 Can't wait for BlossomCon Vancouver and New York!!! (https://www.blossomsocial.com/blossomcon2026) 👏 Special shout out to the Harvest ETFs team for being our Headline sponsor for the 3rd year in a row and to all our amazing sponsors for making this event possible 🙏
US chips surge as Sandisk & SK hynix develop High-Bandwidth Flash (HBF) combining SSD capacity with HBM speed for AI inference! Enables multi-TB GPU memory to run huge AI models with fewer chips & lower costs. Samples expected later this year! Will HBF disrupt traditional HBM dominance?
I’m 14 and have a minimum wage job. I am starting to invest but I’m wondering how risky I should be? What percentage should I be investing in safe index funds and singular stocks? I would think not a crazy amount in index funds because I am young.
📊 Long-Term Investing: The Power of Thorough Analysis When it comes to long-term investing, understanding the fundamentals of a stock is crucial. It’s not just about jumping on trends; it’s about making informed decisions based on solid data. This chart breaks down the essential financial statements—Balance Sheet, Income Statement, and Cash Flow Statement—that every investor should analyze before committing to a stock. 🔍 Balance Sheet: This tells you about the company’s financial health, specifically its assets, liabilities, and equity. A healthy balance sheet is a sign of stability and resilience. 💸 Income Statement: This shows the company’s profitability by detailing revenue, expenses, and profits. A strong income statement indicates a company that’s generating profits, a key factor for long-term growth. 💰 Cash Flow Statement: This reveals how the company manages its cash, from operations to investments and financing. Positive cash flow is essential for sustaining operations and fueling future growth. By mastering these fundamentals, you can make smarter investment choices that stand the test of time. Remember, successful long-term investing isn’t about timing the market; it’s about time in the market, supported by thorough analysis. $VGT$TXN$QQQ$AAPL$META #InvestSmart #LongTermInvesting #FinancialLiteracy #StockMarketAnalysisread more
$MU$SKHY$DRAM A common argument in memory investing is: "It's cyclical. The same cycle will repeat." But the AI era may be changing the equation. HBM requires significantly more manufacturing capacity per bit than traditional memory, while long-term agreements across the industry suggest customers are prioritizing supply security. The question isn't whether memory remains cyclical it probably will. The bigger question is whether AI-driven demand has created a different cycle structure than previous generations. Are we looking at another memory cycle, or the beginning of a more structurally supported demand environment?read more
Congratulations to Jared on achieving the rising star award. We finally met in person today and he definitely made my experience super enjoyable! Thanks Jared you deserve it!!
My concern is that the market hasn't corrected itself yet. If not now, when? This rollercoaster keeps going up, up, and up. 🎢 It will be a scary dive when it happens. 📉😱 -Myra $SPY$QQQ$VTI
Anthropic is reportedly in advanced talks to secure $15B in financing for a 1.6GW Texas data center, with the project expected to use $GOOG TPUs alongside $AVGO technology. To me, the bigger takeaway isn't just the size of the project. It's another sign that custom AI infrastructure is becoming a strategic priority as demand for large-scale compute continues to grow. If projects like this move forward, custom silicon and AI infrastructure could remain key areas to watch over the coming years. Which part of the AI stack do you believe has the biggest long-term opportunity: chips, cloud infrastructure, or AI models?
$MU$SNDK$AMD$NVDA$TSM These names are down -4 to -6% today once again as the retail leverage continues to unwind. Meanwhile, I believe the market is pricing in the worst case scenario of CAPEX spend decreasing year over year which is far from the reality of the hyperscaler announced plans. I will stick to the fundamentals here, and I like them a lot. https://youtu.be/YacIFOiogf0?si=qzS_RzAteIQxqqjT
