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Post by blny on Jun 23, 2019 10:36:59 GMT -5
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Post by CentreHice on Jun 23, 2019 12:18:06 GMT -5
With all this money saved from axing top media jobs, I'm sure their user-rates will remain flat for some time....  |
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Post by seventeen on Jun 23, 2019 16:30:12 GMT -5
This is the way the world operates. Some idiots create a problem and then ensure that someone else pays for it. The most obvious example is Donald Trump, but it happens all the time in the corporate world. The public thinks executives are especially bright people whose MBA's give them some special insight the rest of us don't have.
BZZZZZZZZZZZZ
Not so. Most of the time, you have a bunch of guys all scrambling for a top job, coming up with ideas that they think will impress the CEO or the Board and trying them out. The corporate world is a great example of throwing spaghetti at a wall and seeing what sticks. Remember the new Coke? These guys often take huge risks because their downside is limited while others suffer the true pain If they get fired, there's a package produced to soften the blow and avoid litigation. In nature if you fail, you suffer the consequences. In Businessland, you negotiate a golden parachute so if you fail, you're better off than if you succeeded. Where else in life do you pay someone to fail?
Ok enough ranting. Cheers all.
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Post by GNick99 on Apr 3, 2020 9:05:17 GMT -5
Seventeen are you an investor or accountant, etc....? I noticed before you posted something about investing.
Reason I am asking is what do you think of oil? It jumped 25% yesterday. I also am looking for some advice into forming a small company. Incorporate it with the Federal Government. I made a little money last fall and winter on Tesla stock and was looking best way to handle things without revenue Canada taking sizable cut.
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Post by Willie Dog on Apr 4, 2020 8:35:18 GMT -5
Seventeen are you an investor or accountant, etc....? I noticed before you posted something about investing. Reason I am asking is what do you think of oil? It jumped 25% yesterday. I also am looking for some advice into forming a small company. Incorporate it with the Federal Government. I made a little money last fall and winter on Tesla stock and was looking best way to handle things without revenue Canada taking sizable cut. I dont have the resources to do this but I always thought this might be interesting to do... If you have TFSA room, buy your stock in there first... if it goes up and you have RSP room, take it out and put it in your RSP. Take the tax return and put it back in your TFSA. I thought that might be a neat way to roll your money around... you can also do this with your significant others TFSA and RSP |
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Post by GNick99 on Apr 5, 2020 8:00:08 GMT -5
Seventeen are you an investor or accountant, etc....? I noticed before you posted something about investing. Reason I am asking is what do you think of oil? It jumped 25% yesterday. I also am looking for some advice into forming a small company. Incorporate it with the Federal Government. I made a little money last fall and winter on Tesla stock and was looking best way to handle things without revenue Canada taking sizable cut. I dont have the resources to do this but I always thought this might be interesting to do... If you have TFSA room, buy your stock in there first... if it goes up and you have RSP room, take it out and put it in your RSP. Take the tax return and put it back in your TFSA. I thought that might be a neat way to roll your money around... you can also do this with your significant others TFSA and RSP Thanks, for good idea. Good to keep in mind. May come in handy. I have TFSA near max with mutual and GICs. GIC I am locked in til August, I believe. The others next February. Mutuals if I cash them now will take major loss on those. I bookmarked your post though. So, I won't lose it for future reference. I have room in my RSP? I used some but wasn't crazy on RSP as just taxed when I take them out. May hurt my pension at 65. |
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Post by franko on Apr 5, 2020 8:40:23 GMT -5
May hurt my pension at 65. I believe that you don't have to do anything with your RSP until you're 71 when you flip it from RSP to RRIF |
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Post by Willie Dog on Apr 5, 2020 11:33:24 GMT -5
May hurt my pension at 65. I believe that you don't have to do anything with your RSP until you're 71 when you flip it from RSP to RRIF You're right Frank. Bonds are doing very well now... so is gold... time to buy gold was before covid though |
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Post by franko on Apr 5, 2020 11:47:45 GMT -5
I believe that you don't have to do anything with your RSP until you're 71 when you flip it from RSP to RRIF You're right Frank. Bonds are doing very well now... so is gold... time to buy gold was before covid though time to buy gold was 10-20 years ago -- or even 5 years ago. I actually looked at the price and thought "wow, is wish I could invest there" (I'm sure I could have discovered how) but then thought " you just can't be sure" so left things "as they were", in mutuals buying monthly. Imagine things will bounce back nicely by the time I retire. of course, I'm on the "Freedom 85" plan. |
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Post by Willie Dog on Apr 5, 2020 12:56:39 GMT -5
I agree but it has jumped 15% in the past year... nice return
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Post by GNick99 on Apr 7, 2020 16:06:20 GMT -5
May hurt my pension at 65. I believe that you don't have to do anything with your RSP until you're 71 when you flip it from RSP to RRIF you fellows been a good help to me. Are you an investment advisor? |
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Post by Willie Dog on Apr 7, 2020 18:21:56 GMT -5
I believe that you don't have to do anything with your RSP until you're 71 when you flip it from RSP to RRIF you fellows been a good help to me. Are you an investment advisor? Lol... I'm not, just a guy with an opinion... right or wrong it's an opinion |
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Post by GNick99 on Apr 9, 2020 8:51:36 GMT -5
you fellows been a good help to me. Are you an investment advisor? Lol... I'm not, just a guy with an opinion... right or wrong it's an opinion Sounds like you know what you are talking about. You fellows have helped me more than guys in the investing message boards. |
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Post by GNick99 on Apr 9, 2020 8:52:46 GMT -5
May hurt my pension at 65. I believe that you don't have to do anything with your RSP until you're 71 when you flip it from RSP to RRIF RRIF do I have to claim on my income tax? |
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Post by Willie Dog on Apr 9, 2020 20:42:09 GMT -5
I believe that you don't have to do anything with your RSP until you're 71 when you flip it from RSP to RRIF RRIF do I have to claim on my income tax? Yes you do, a rrif is an rsp that you must take money out of (there are many many other differences) and that money is taxable because you got a tax refund when you put it into the rsp |
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Post by GNick99 on Apr 10, 2020 7:46:45 GMT -5
RRIF do I have to claim on my income tax? Yes you do, a rrif is an rsp that you must take money out of (there are many many other differences) and that money is taxable because you got a tax refund when you put it into the rsp I don't think that is a route for me. I was trying for a corporation because can claim a 1 time capital gains. When I retire. Up to so much. Which gets tax free. |
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Post by Willie Dog on Apr 10, 2020 12:24:26 GMT -5
Yes you do, a rrif is an rsp that you must take money out of (there are many many other differences) and that money is taxable because you got a tax refund when you put it into the rsp I don't think that is a route for me. I was trying for a corporation because can claim a 1 time capital gains. When I retire. Up to so much. Which gets tax free. Really... about the capital gain? |
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Post by GNick99 on Apr 11, 2020 2:40:20 GMT -5
I don't think that is a route for me. I was trying for a corporation because can claim a 1 time capital gains. When I retire. Up to so much. Which gets tax free. Really... about the capital gain? I lost before to income tax. Soon as I took it out taxed 50%. I bought bunch of Apple stock back when iPhones first came out. Got skiddish when Steve Jobs died, sold the shares, took the cash. Apple collapsed before when they forced Jobs out of company. He started those desktops, iMac, etc.... Then he went to Disney and was smashing hit there. With those animated movies. I got feeling Apple may fall again. They never but I wouldn't risk it. Now, similar with Elon Musk. Followed his career with PayPal, SpaceX. He never took SpaceX public, so few years ago bought into Telsa. It jumped 4 times from Halloween to February. Pre-Covid 19 drop. It will come back though If I sell be slammed again. I don't want to lose big chunk of my gains. Be in 6 figures. A company also gives me more writeoffs. One of my vehicles, a small office at my home, utilities, etc. So much for meals, entertainment, etc... opens up more doors. Then if anything happens to me go right to Brandon. |
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Post by Willie Dog on Apr 11, 2020 9:59:18 GMT -5
Really... about the capital gain? I lost before to income tax. Soon as I took it out taxed 50%. I bought bunch of Apple stock back when iPhones first came out. Got skiddish when Steve Jobs died, sold the shares, took the cash. Apple collapsed before when they forced Jobs out of company. He started those desktops, iMac, etc.... Then he went to Disney and was smashing hit there. With those animated movies. I got feeling Apple may fall again. They never but I wouldn't risk it. Now, similar with Elon Musk. Followed his career with PayPal, SpaceX. He never took SpaceX public, so few years ago bought into Telsa. It jumped 4 times from Halloween to February. Pre-Covid 19 drop. It will come back though If I sell be slammed again. I don't want to lose big chunk of my gains. Be in 6 figures. A company also gives me more writeoffs. One of my vehicles, a small office at my home, utilities, etc. So much for meals, entertainment, etc... opens up more doors. Then if anything happens to me go right to Brandon. You need an accountant who specializes in tax avoidance if you're dealing with those amounts |
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