Thank you @matt.41 for coming on the channel and sharing his passive income journey. Matt is an active contributor on Blossom and I for one will be cheering him on!! 💪 Watch the interview and let me know your thoughts. https://youtu.be/_vLviQqEzcE?si=Z-nUlbD_3tvMcSXN
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26 Comments
Alf @alf.a · 25d
TFSA "supercycle" is BS, you just wasted compounding. The $ you withdrew is ultimately replaced with $ of outside money, you haven't magically created $ of wealth or TFSA capacity. You've essentially moved the same amount out and back in, while using the withdrawal to reset contribution room.
Kar Yung Tom
@karyungtom · 25d
Really glad to see your face on this channel @matt.41 ! Good job @paulsantori . "Buy and hold" to me has always been classic beginner advice about "staying invested / not timing the market". It's not meant to mean that you literally never sell as rebalancing is also a very common well-regarded approach regardless of style. People are treating it too literally LOL. I do think that people also mix it with retirement / withdrawal discussions. To this day, my view is that it's just a philosophy an "accumulator" should have but that's also if they choose a more passive approach. It's not against "the rules" to time. Buy and hold ≈ do not let short-term price action set your buy / sell calendar.
Heath
@incomewealthinvestor · 25d
Thanks for sharing your story Matt 👍
Martin McClellan
@star87 · 25d
On my way to retire by 43 , I could do it now by 42 if I wanted, but I find the math to be a little tight , so I will keep going a little bit more , is ok.
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