I recently sold half my tech stock holdings due to all-time highs, leaving me with $400k. Should I invest in ETFs now or wait for a market correction considering potential inflation?
From $37K to $45K that's the minimum range of profit return every week I thinks it's not a bad one for me, now I have enough to pay bills and take care of my family.
Honestly, Nav Sir, a fair comparison would have been with same tenure for the loan where we see the actual monthly payments much higher than the quoted values and a lower savings on month to month basis.
True. But that’s not how people take the mortgage. If they do 20% down, they take 30 year amortization. Wanted to show practical numbers, even if they weren’t like to like.
Prices may be no where going up in the next 2-3 years considering the current country’s scenario. So one can make up for 20% in next 2-3 years. House of 750,000 is most likely to remain the same by then, if not reduced little bit.
Nice video Nav, since the market is so high right now (and may correct) and my plan is to buy within the next 2-3 years, do you suggest moving all the TFSA / RRSP / FHSA contributions to high interest savings ETF rather than staying invested in market?
Scenario 1 - Couple’s monthly income 8,000 net after tax. - 10% down payment. Rent basement, Invest into S/P 500 as 1000 dollars a month. Pay 13 EMI in 12 months. Plus 3% raise in every EMI based on promotion from next year. This will make you save money from tax and at the same time you make money from stocks/ETFs. Scenario 2 - Couple’s net monthly income is 6000 - co sign the property with trusted friend or relative. Rent the basement. Invest 1200 each couple on ETFs and Stocks. And again pay one additional Emi in 12 months to save tax and make wealth. In both situations, people can get benefited from. Depends upon your understanding about your financial position and needs. Signing up with another couple is better than living on rent. Make sure whatever you are paying towards your EMI is equivalent to the rent you pay per month.
Bro, first of all, thanks for another informative video. I have couple of questions: 1) What if someone has more than 20% for the down payment? Does it make sense financially to make more than 20% down or rather put that extra money in the stock market to get better returns? Can you break this down in another video on the break-even point to expect maximum returns if downpayment amount isn't a limit? 2) How does the calculation works for someone who's a freelancer and not having a permanent job? And if there are any differences in interest or anything else in such a situation?
1. Generally speaking, No! Unless you are in your late 40s and want to pay off the house faster. If in 20s or 30s and have 25-30 years to retire, then you are much better off investing in the market vs putting it all in the house (mathematically speaking) - I did make a video on this.. it’s do you pay off your house early or not. 2. Yes - do watch the video on different lenders that I made a couple of months back. Self employed folks usually don’t fit the banks.
I’m on work permit. I had 30k$ cash in bank. I contacted a realtor and he suggested me to land 30k to him and he will give me 11% interest rate per year… he also mentioned that everything will go under legal lawyer and agreement…. What should I do??? Please reply he said don’t buy anything because i have to pay 25% tax as foreign buyer tax
Its too risky to give third party loans. If he defaults, you have to shuttle between courts to get the money. Rather I would prefer HISA or try to put via FHSA.
Few fundamentals people miss are 1. Primary home is not an investment, so clearing this loan will be our top priority 2. All the Investment calculations are not taking capital gains tax potentially eroding the returns. Please take this as a feedback, provide us quality and correct information rather than half baked distorted numbers.
Hello Nav, I wanted to check about the eligibility for RRSP for someone who has recently come on a work permit, valid for 3 years. Since this is technically a temporary status, does it make sense to invest in an RRSP ? The advantages seem obvious but could you please tell if there is a group of people who should not invest in this fund. Perhaps someone who is not on PR status, which means that they may have to return after 2-3 years. I wonder if they would be able to withdraw from the RRSP fund when they leave. In that scenerio, which investment funds would you suggest, Nav. Thanks. Cheers!
Yes you can invest. And yes, you can withdraw and pay the tax on it before you leave. Whether you should invest in RRSP purely depends on how confident you are to get your PR. I don’t know you enough answer it exactly.
Always wait for your video Salute for all your hard work but I am not able to download the rule of 35 calculators, after providing my email, I am not getting back anything in my email.
Same here., I strongly agree that the Bitcoin ETFs approval will be greatly life opportunity for us, with my current portfolio of $102,500 from my investments with my personal financial advisor Georgette Wong I totally agree with you😊
YES!!! That's exactly her name (Georgette Wong) so many people have recommended highly about her and am just starting with her from Brisbane Australia...🇦🇺
She's my family's personal Broker and also a personal Broker to many family's in the United states, she is licensed and a FINRA AGENT in the United States.
Don't work for money; make money work for you. Invest wisely today to create the freedom you desire tomorrow 📈
Many new tra-ders face challenges without proper guidance. I found success by learning from James Clark's expertise.
@@korkyketexactly that's why I always seek Mr J Clark's guidance in all I do 😊
I recently sold half my tech stock holdings due to all-time highs, leaving me with $400k. Should I invest in ETFs now or wait for a market correction considering potential inflation?
Celebrating a $30k stock portfolio today from a $6k start. Investing wisely has given me time for family and future plans.
From $37K to $45K that's the minimum range of profit return every week I thinks it's not a bad one for me, now I have enough to pay bills and take care of my family.
Love how you break down complex decision-making into simple, actionable steps.
Thank you 🙌
Great Content, as always!
Thank you 🙏
wonderful and simple as always. great job Nav
Thank you! Cheers!
Amazing as always
Thank you! Cheers!
Honestly, Nav Sir, a fair comparison would have been with same tenure for the loan where we see the actual monthly payments much higher than the quoted values and a lower savings on month to month basis.
True. But that’s not how people take the mortgage. If they do 20% down, they take 30 year amortization. Wanted to show practical numbers, even if they weren’t like to like.
Prices may be no where going up in the next 2-3 years considering the current country’s scenario. So one can make up for 20% in next 2-3 years. House of 750,000 is most likely to remain the same by then, if not reduced little bit.
Nice video Nav, since the market is so high right now (and may correct) and my plan is to buy within the next 2-3 years, do you suggest moving all the TFSA / RRSP / FHSA contributions to high interest savings ETF rather than staying invested in market?
Scenario 1 - Couple’s monthly income 8,000 net after tax. - 10% down payment. Rent basement, Invest into S/P 500 as 1000 dollars a month. Pay 13 EMI in 12 months. Plus 3% raise in every EMI based on promotion from next year. This will make you save money from tax and at the same time you make money from stocks/ETFs.
Scenario 2 - Couple’s net monthly income is 6000 - co sign the property with trusted friend or relative. Rent the basement. Invest 1200 each couple on ETFs and Stocks. And again pay one additional Emi in 12 months to save tax and make wealth.
In both situations, people can get benefited from. Depends upon your understanding about your financial position and needs.
Signing up with another couple is better than living on rent.
Make sure whatever you are paying towards your EMI is equivalent to the rent you pay per month.
Make a video about the collapsing Canadian real estate market as population growth shrinks and its long-term consequences on RE prices.
For sure…
Bro, first of all, thanks for another informative video. I have couple of questions:
1) What if someone has more than 20% for the down payment? Does it make sense financially to make more than 20% down or rather put that extra money in the stock market to get better returns? Can you break this down in another video on the break-even point to expect maximum returns if downpayment amount isn't a limit?
2) How does the calculation works for someone who's a freelancer and not having a permanent job? And if there are any differences in interest or anything else in such a situation?
1. Generally speaking, No! Unless you are in your late 40s and want to pay off the house faster. If in 20s or 30s and have 25-30 years to retire, then you are much better off investing in the market vs putting it all in the house (mathematically speaking) - I did make a video on this.. it’s do you pay off your house early or not.
2. Yes - do watch the video on different lenders that I made a couple of months back. Self employed folks usually don’t fit the banks.
I’m on work permit. I had 30k$ cash in bank. I contacted a realtor and he suggested me to land 30k to him and he will give me 11% interest rate per year… he also mentioned that everything will go under legal lawyer and agreement…. What should I do??? Please reply he said don’t buy anything because i have to pay 25% tax as foreign buyer tax
Its too risky to give third party loans. If he defaults, you have to shuttle between courts to get the money. Rather I would prefer HISA or try to put via FHSA.
Few fundamentals people miss are
1. Primary home is not an investment, so clearing this loan will be our top priority
2. All the Investment calculations are not taking capital gains tax potentially eroding the returns.
Please take this as a feedback, provide us quality and correct information rather than half baked distorted numbers.
Thanks, do point out the numbers that I distorted.
Hello Nav,
I wanted to check about the eligibility for RRSP for someone who has recently come on a work permit, valid for 3 years. Since this is technically a temporary status, does it make sense to invest in an RRSP ? The advantages seem obvious but could you please tell if there is a group of people who should not invest in this fund. Perhaps someone who is not on PR status, which means that they may have to return after 2-3 years. I wonder if they would be able to withdraw from the RRSP fund when they leave. In that scenerio, which investment funds would you suggest, Nav.
Thanks. Cheers!
Yes you can invest. And yes, you can withdraw and pay the tax on it before you leave.
Whether you should invest in RRSP purely depends on how confident you are to get your PR. I don’t know you enough answer it exactly.
Always wait for your video
Salute for all your hard work
but I am not able to download the rule of 35 calculators, after providing my email, I am not getting back anything in my email.
Thank you 🙌
There will be a link to download on the same page where you provide your email.
I'm favoured financially with Bitcoin ETFs approval, Thank you buddy.$28,600 weekly profit regardless of how bad it gets on the economy.
Same here., I strongly agree that the Bitcoin ETFs approval will be greatly life opportunity for us, with my current portfolio of $102,500 from my investments with my personal financial advisor Georgette Wong I totally agree with you😊
YES!!! That's exactly her name (Georgette Wong) so many people have recommended highly about her and am just starting with her from Brisbane Australia...🇦🇺
She's my family's personal Broker and also a personal Broker to many family's in the United states, she is licensed and a FINRA AGENT in the United States.
The very first time we tried, we invested $1000 and after a week, we received 4500. That really helped us a lot to pay up our bills.
This sounds so good and i would like to be a party to this, is there any way i can speak with her?
should you include basement rental.
Yes you can.
With 2500 mortgage monthly, what possible house could I afford??
Depends on where you are. In calgary, a lot of house!! In GTA, maybe a small condo.
You are sharing a lot of valuable information. I would appreciate if you could speak bit slower so I can follow along better. Thanks
I will try my best