Pure luck, and good for him, but if he doesn’t have the brains to liquidate and invest in broad market etfs and ale the money and run, it’ll likely be a very different story for him in ten years.
Krazee9 on
This is the dream we were promised with the TFSA. This is basically a tax-free retirement. They have done the best with their TFSA that they could, and this should serve as inspiration for others rather than an object of envy.
[deleted] on
[deleted]
Traditional-Bass-802 on
* *CRA breathes heavily*
KoolerMike on
As long as you do a lot of research and be smart about it, stocks can be very lucrative and best part is you can do it all within your tfsa. Problem is you do need to put a decent amount of money on the line which a majority just can’t do let alone afford to lose any
Dry-Love-3218 on
Awesome
Dudian613 on
I prefer not having money
ethereal3xp on
I bet they maxed out on N%#%A and then switched to a Canadian Dividend Fund
Smart bastard
Good for them
WeinerCleptocracy on
Nice, congrats!
lt12765 on
This is the goal for me too. Index ETFs discipline and patience can get a long way.
stereofonix on
That’s awesome!! Good for them!Â
probablyseriousmaybe on
If you’re gonna be dumb, you gotta be tough… So yea, pretty tough over here.
Intelligent_Top_328 on
My doesn’t have any dividends but it is around 6-7 million. It fluctuate wildly since it it is 99% concentrated in Tesla. The most I’ve seen it was around 10 million.
16 Comments
Pure luck, and good for him, but if he doesn’t have the brains to liquidate and invest in broad market etfs and ale the money and run, it’ll likely be a very different story for him in ten years.
This is the dream we were promised with the TFSA. This is basically a tax-free retirement. They have done the best with their TFSA that they could, and this should serve as inspiration for others rather than an object of envy.
[deleted]
* *CRA breathes heavily*
As long as you do a lot of research and be smart about it, stocks can be very lucrative and best part is you can do it all within your tfsa. Problem is you do need to put a decent amount of money on the line which a majority just can’t do let alone afford to lose any
Awesome
I prefer not having money
I bet they maxed out on N%#%A and then switched to a Canadian Dividend Fund
Smart bastard
Good for them
Nice, congrats!
This is the goal for me too. Index ETFs discipline and patience can get a long way.
That’s awesome!! Good for them!Â
If you’re gonna be dumb, you gotta be tough… So yea, pretty tough over here.
My doesn’t have any dividends but it is around 6-7 million. It fluctuate wildly since it it is 99% concentrated in Tesla. The most I’ve seen it was around 10 million.
Love the tfsa. It’s awesome.
Isn’t the max tfsa amount only $96,000?
They got lucky gambling on the stock market.
No paywall: [https://archive.ph/EbBP9](https://archive.ph/EbBP9)