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@byhisgrace8 I am in the same bracket regardless

@byhisgrace8 Is having 500k in Easy Equities fine I for some reason have not gotten that level of trust in the app yet and haven't even made a testing withdrawal haha

@alfiano Yeah but If I can get to 10M in my portfolio. I can technically draw 4% per year in perpetuity without losing any money as my gains is more than my expenses. Which on a 10% return with 700k and 25k pm for 14 years I would be able to reach that right?

@byhisgrace8 Yeah I made this mistake this year. Will see what Sars says. I averaged 48k for the year unfortunately

@gamefabrique If it was I would've lol thanks bro

@alfiano Makes sense but like I don't Wana wait for 55 I Wana retire in 12 - 14 Years

@gamefabrique Lol how would 1M if I add retirement last me 40 years 😅 it's only 2k pm. Which is the price of bread in 30 years lmao

@alfiano I think i will hit max tax bracket in like 5 years I'd hope. Also I started this year with tfsa I only realized a month ago how OP it is haha. So I will have 72k in TFSA Starting next month. And yeah have no debt and emergency fund and like I said 700k or so in investments. So do u...

@felixna Would 50c gain really make such a huge difference? It's only 2.5%... I mean maybe that could translate to 4% with some other factors.... I guesse. I should've just bought more to be fair

@ffriemann Thanks. I will look into this

@alfiano I mean I earn 69k , 33 yo so does this mean I have to max it given I only have 200k in my RA. Also my employer does not do any form of a match

@alfiano I'm 33. My RA Balance : 200k My Investments : 700k Options Investing 14k onto RA and 15k into Invest/ETFs Or Investing 8k onto RA and 20-22k into invest/ETFs I don't know if I trust our government enough to reply on them paying me millions in 15 to 20 years lol

I am in a position to comfortably invest 27.5% of my income to an RA in 10X which ( 5% is mandatory by my company), there is no match.However, I am going financially strong and I believe that I should be able to retire by age 45-50. My concern is, I just feel like only being able to get 1/3rd...

Hi all, I have asked a simular question in the past, but like from Friday until now, the Satrix S&P500 lost 4.5% value, I get its different and there are multiple factors, but surely if the actual S&P500 goes up by 1% the Satrix one should not fall by 4.5%, that's a massive 5.5% difference...

@pandu_dh Thanks, yeah its a habit I learned early by seeing how my parents spiraled into debt, my math is also pretty decent and i have a bit of a logical brain haha

@joshbruh Fair however if I have 12 fixed deposits. I would need to pay tax right? There is now way that 1M over 12 accounts for example would be tax free

@joshbruh Point 4 sounds good, but don't you think getting 10-15% on average on the S&P500 is better over the long run?

@joshbruh Amazing feedback will properly analyze and think about tmrw tnx

Hi allI have about 610k in savings.I just maxed out my TFSA with 36k (went with Satrix S&P500 ETF)I will do another 36k next month for the next tax year.I also just bought Satrix S&P500 and Satrix S&P500 Tech stocks for 10k total. I still have a lot in my savings and my 3-6 months of expenses...

@farmergal All seems good but to be honest one of my biggest regret was financing a car of 200k. It ended up costing me 5k pm for 6 years with insurance.300k total. I'd rather drive a beater and save to buy an even better car cash later