In Episode 28 of Financial KarMoe, @karyungtom and I (Moe) a're back answering more questions from our amazing @blossom community! This time, we're talking about some of our biggest investing mistakes, how we plan to manage our children's RESPs, whether we would ever buy the NVIDIA dip, and what it really takes to stay invested when markets aren't cooperating. We kick things off by looking back at some of our more questionable investment decisions, from cannabis stocks and psychedelic ETFs to cryptocurrency and some expensive lessons along the way. We then get into an interesting discussion about our children's financial futures, including how we might approach RESP withdrawals, whether we would gradually move into more conservative investments, and how we hope to teach our kids about saving, investing and financial responsibility. We also revisit the never-ending covered-call ETF question 🤓, discuss how we measure portfolio success, and share our thoughts on buying individual stocks like $NVDA when the market takes a dip. We talk about what makes a reasonable down payment when buying a home, some of our favourite financial resources and books, and who we'd love to sit down with for an hour if we had the chance. One of the more personal parts of this episode is our discussion about how financial goals can change when life throws unexpected challenges your way. I also share how a recent change in our household employment situation has made us rethink some of our short-term financial priorities. Because ultimately, having a financial plan is important, but being able to adapt it when circumstances change is just as important. And of course, we wrap things up by discussing something equally important: tacos! 🌮 😅 As always, a huge thank you to everyone in the Blossom community who submitted questions and continues to support Financial KarMoe. We genuinely enjoy these discussions and appreciate being able to learn alongside you. Now we'd love to hear from you! What's one investment mistake you made early in your investing journey that taught you a valuable lesson? Share it in the comments below. We'd love to hear your stories! Thanks for watching, and we'll see you in the next one! 😉🙏🏻 https://youtu.be/hqJRuUYNp9U?si=5dTL724OKaLroGO9
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14 Comments
Eze @eze1234 · 23h
All the best man. I bought a truck load. Free money at this point
Matthew
@slyck · 1d
I’m already up on my Nvidia buys. Bought 35 shares. Hoping to get another 65 before it gets back into the 180’s.
