After this weeks interest rate hike how are people feeling about their mortgages and more generally home prices? I came across the below graphic which suggests we are still early innings of a price correction. It’s worth noting that the creator is notoriously bearish - but it’s not hard to picture more pressure on pricing especially in areas (GTA/Van) where previous buyers completely ignored valuation and affordability and bid against each other to move prices to peak levels (early 2022). [Hot Tip: Never pay over ASK] As always - location matters and each province and area will be influenced by their own factors. But are previous sales prices even relevant any more? Speaking to someone at one of Canada’s big real estate developers this week he sees ‘SALES’ bottoming sooner than later - but agrees PRICES may still come under pressure. From the listings/transactions I’ve seen there is a lot of ‘inventory’, days on market keep getting longer and I still see ASK prices too high for what I would consider reasonable (in TO/Downtown). Rates are currently forecast to continue to move higher (0.5% to 1%?) in the coming years. Higher taxes, utilities and other maintenance costs all impact affordability further. Will new buyers continue to wait for more affordable prices? Is the better decision to rent for longer (and let saving grow in investment accounts)? Will sellers lower prices further and give up their gains or take a loss? Will governments be able to improve supply and/or boost demand? Real estate can be a great way to build wealth - but it’s not the only way. It will be interesting to see how the rest of this cycle plays out. 🤔 Feel free to drop your comments and perspectives. 🙏👍 Perspective ≠ Prediction read more
Well, it was not UPTOBER as many people as thought, the S&P 500 finished down 1.3% whereas NASDAQ was down 5.4%. My portfolio also took a hit and closed roughly down 3%. Here's where value play works when broader AI & crypto market is selling off. Holding healthcare and consumer staples which are beaten off by the market earlier works and buying the dip in value AI as well as hyperscalers in this sell off also works for the foreseeable future. Comment down which was your portfolio saver/gainer for this month? Still, the opportunity is here to stay in the market! $LLY$VFV$QQC$BK
Happy Sunday, Blossom fam, and happy November!!!🌸 Looking back at October, I made 12 trades around 6K invested!!! I usually budget $1,000 a month for investments, so I definitely bought the dip TOO MANY TIMES. I'm done now (hopefully) I'm low on the dip-buying funds so hoping the market is green from now on haha I'm hoping to stick to my regular DCA for November and December. With Christmas, travel and professional development expenses coming up, I might even have to invest a little less. And if you didn't buy the dip this month, don't feel like you missed out. Everyone's financial situation is different, and investing consistently within your budget is what matters. I'm excited to see where I end the year, especially with my $75K goal in sight! How are you approaching the last two months of the year? Are you continuing to buy the dip, or are you focusing on saving for the holidays?read more
Current longs: $ARM: 25 shares: +$1,993.30 (+63.16%) Will add more under $200 $MRVL: 10 shares: -$212.60 (-9.77%) Will add more in $160-170 area $VGT - still have to get shares but this $116-$120 area is nice to start the long term format $VST: 5 shares: -$13.12 (-1.86%) Will add more in $136-$140 area $WMT: 12 shares: +232.32 (+18.59%) Will add more in that $100-$110 area read more
I'm pretty much a 50/50 split between ETFs & individual stocks... Basically, my goal is to eventually live off dividends. Dividends are my real estate. What does your current stock investment portfolio allocation look like? 🧐
Empowering our community starts with practical financial knowledge. Day 1 of our Sudbury, Ontario workshop focused on Building a Strong Financial Foundation in Canada. Seeing a room full of motivated individuals eager to understand the Canadian financial system and make informed decisions for their families is what this work is all about. Ready to keep the momentum going for Day 2! #FinancialWellness #SudburyOntario #FinancialLiteracyCanada #GenerationalWealth #FinancialFreedom
All ready to take off to go to Taiwan for our 3 week trip. The trip will cost around 8-9k in total but losing 20k in the market today make it seem real cheap. haha Not panicking at all though...actually wish it drops more into 2027 so the new TFSA can be bought in lower.
added: nothing if you are reading this right now & are holding or buying, get frickin excited if you think i'm nuts, tell me why in the comments stay delusional when the market is afraid
A few of my favourite books that got my nerdy brain thinking differently about money. 📚💰 Still figuring this whole wealth-building thing out, but apparently reading about money is a good start. Who knew? 😂 What should I read next? 👇
"Life isn't about waiting for the storm to pass; it's about learning to dance in the rain" - Vivian Greene One of my favorite quotes 😄 Three weeks ago my free time - involved playing golf - signing up for investment transfer bonuses 😆 However, lately my dad's heart hasn't been feeling well. Now my free time involves - playing board games - rewatching some old Jackie Chan movies Doctors are not sure when his surgery will take place due to other higher priority patients 🤔. Sure, you can complain about the uncertainty and things taking too long. The nurses, the doctors, the front desk staff, the janitor, and the security guard around us are trying their best to make us feel comfortable, heard, and safe. When the time is right, they will take my dad in and fix him up 😄 PSA: if you are 50 and older, get your heart checked, and if you are 50 and under, 30min of zone two exercise 3/4 times a week to keep that heart happy and healthy 💪. Keeping your financial healthy, simple and automatic can give you the flexibility to set your own priorities to the spend time with people you care about 😄 Back to my broccoli soup and Mr. Nice Guy 🤣read more
