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23065577 No.23065577 [Reply] [Original]

I live in Canada. What the fuck do I do with $180,000?

My parents keep pressuring me to use the money to buy a condo/house 'before the housing gets too expensive' (Like in Toronto or Vancouver) but I pay $200/m in rent here and it's not terrible. They're right, the market is slowly creeping (houses raise by 5-20% a year).

Should I buy a house with this money (and maybe mortgage like, 50k?) or should I invest it in real stocks and shit (no crypto fags, if I was interesting in losing all my money I'd donate it to a fucking animal shelter or a cancer ward)

>> No.23065612

>>23065577
>misses out on the Fourth Industrial Revolution because he's too much of a brainlet to watch Sergey Speak
You should buy a rope, and then hand yourself with it retard.
Trust fundies

>> No.23065614

>>23065577
Buy a week's worth of groceries

>> No.23065648

>>23065577
get a cheeky 10x in crypto then go 80% in BMO for dat dere dividends then put a down payment on a house then pay the mortgage with dividends
enjoy the neet life

>> No.23065658

>>23065614
>Buy a week's worth of groceries
sublime

>> No.23065666

I think that's enough for a couple nice steaks from barbarian's

>> No.23065670

>>23065577
Get a mortgage and pay off your house as soon as possible.

>> No.23065672

>>23065577
Kleros. Wait for a new ATH which is obviously inevitable, sell half. Repeat with another investment.

>> No.23065673

Put 100k in chainlink and
>no crypto fags, if I was interesting in lo-
ok well stay poor and enjoy your depreciating shitshack of a house then lol

>> No.23065689

>>23065648
Isn't it absolutely insane that the same banks that pay 3-6% dividends are the same banks that give 0.05% for their HISAs and 1.5% for GICs

>> No.23065698

>>23065577
The Canadian housing market is in the biggest bubble on earth. Don’t buy before it crashes.

>> No.23065703

>>23065673
>house
>depreciating
>the market is slowly creeping (houses raise by 5-20% a year).

Ok buddy retard

>> No.23065740

>>23065698
Or alternatively, pay off a house entirely in cash on Newfoundland or some shit

>> No.23065758
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23065758

Use it as collateral to sell cash secured put options at ~10 days to expiration. Lets be a low-T baseboi and spread the risk, so, 30-delta puts on diverse assets, QQQ, ,TLT, and GLD

Right now if you did this you would sell:
QQQ 16OCT 273p for $300
TLT 16OCT 157p for $90
GLD 16OCT 177p for $100

Sell 3 contracts of each, backed by your $180k, gets you $1470 in 10 days.
Do this 3 times per month gets you $4410 in monthly income.

If you get assigned turn around and sell the 30-delta call. Simple as.

>> No.23065762

>>23065577
You can buy houses in america and rent them out

>> No.23065785

>>23065698
Can sort of same the same, for at least my area, though, my knowledge isn't very extensive. With all the homes now being bought due to low interest rates, I'd somewhat expect their to be a downturn of sorts in terms of actualized house valuations.

The question is, not if house sellers will feel the pressure, but merely, if the pressure will last long enough for them to drop prices significantly.

By the way, money sitting is a huge capital inefficiency. If you're not at least investing it to outpace inflation, your buying power decays with each passing second.

>> No.23065794

Why not both? Put 3% down on a house, and invest the rest into stocks. Don’t ever pay off your house. 3% interest per year is nothing and your investments should beat that by huge margins if you’re not a fucking retard

>> No.23065830 [DELETED] 
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23065830

>>23065577
Try sucking your own dick, after snorting half a gram of coke off a school bus driver

>> No.23065840
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23065840

Ottawafag here. If I had 18k I'd take it and move to to Texas. Canada has no future, at least not one that I want. Even rent is fucked, grocery prices have skyrocketed and their excuse is that "they were sold at a loss they're just catching up now"

Move to Texas. Pay less taxes, pay less for rent/houses. Get better pay for literally any job that you're in. Enjoy better weather. Enjoy more and better food. Have an actual culture and not have to cope with deciding between 4 cities in our entire shit country.

>> No.23065879

Just buy some premium soups

>> No.23065891

>>23065577
Get a cheap house using some of the money to pay a 20% down-payment on a 15 year mortgage, then invest the rest of the money in real stocks, and use the income from that to help pay off the mortgage.

>> No.23066125

>>23065891
Also rent out the spare rooms in the house to help pay off the mortgage too.

>> No.23066197

>>23065577
Where in buttfuck manitoba do you pay $200 in rent

>> No.23066215

>>23065840
4 cities? What are the other two

>> No.23066255

>>23066215
roughly Ottawa, Toronto, Vancouver, Montreal.

Ottawafag until COVID made school online here. Ottawa is nice but the housing market there is absurd and groceries are getting pricier and pricier. Every time I go to the states and see food prices I'm in awe.

>> No.23066274

Honestly though, just buy a split between QQQ and TQQQ (let's say 70-30) and hold. Keep doing what you're doing and that will double in 7ish years if things don't go to fuck again. And even if they do, it'll recover.

>> No.23066350

>>23066255
Not even that, it's just the abundance. Every time I eat out in Ottawa I feel fucking ripped off. I went to a 711 in california and they had bottles of captain morgan whiskey for dirt cheap just sitting on the step outside that would have cost $60 at an LCBO behind a glass shelf.

What's even the fucking privilege of living here if all we get is shittier weather and a broke ass economy??? Canadians are retarded when it comes to america the amount of cope is unreal. Ask them for any reason why they don't like America and they give you meme answers and get really fucking mad when you challenge them on their misinformation.

>> No.23066382

Buy like 1 BTC and 32 ETH and wait for 5 or 10 years. Use the rest of your money on a house or buy stocks

>> No.23066383

>>23065840
Canuck here with both nationalities living in San Antonio. Confirmed true.

>> No.23066412

>>23066383
Pls tell me if there is a fast track way to get in. I don't wanna live in Ottawa when I'm 25.

>> No.23066435

>>23065577
Buy a house in MTL.

Interest rates are inexistant right now and you have enough to not pay a welcome tax on your down payment!

>> No.23066472

>>23065840
I’m an ottawafag too (IM OP posting from my phone) considering buying in Gatineau

I agree with you, I’m going to move to New York once I change my career and get experience here but I’m thinking about buying a place in Gatineau for the next 5 years

>> No.23066490

You could retire in some rural parts of America

>> No.23066493

>>23066435
What is a welcome tax?

I’m thinking about getting a bachelors and doing finance, I’m hoping to get into a good school but I haven’t been accepted anywhere yet (or even applied), currently working on my pre reqs

>> No.23066520

>>23066472
My sister moved across the bridge to save money and it worked somewhat. Not sure how much money you save honestly. But yeah same, I need to finish school, them get experience just to have something to bring to the other side. Why are you choosing new York? Aren't the prices as brutal as Toronto?

>> No.23066546

Put it all on OWL (StealthSwap). Guaranteed 10x within a week.

>> No.23066565

>>23066520
I’m going to start a bachelors in finance and AFAIK you basically get paid dollar for dollar working for a NY bank, except the USD is 30% more. E.G you’ll make 100k here and 100k there for an accountant or something but you get paid in USD since, well, you’re in America

I just want to get a house to live in bc I live in OCH (god bless heatherington) and there’s druggies and cockroaches and bedbugs and I’m sick and tired of it.

I can get something decent over the bridge for 150-180k, something really fancy for 200-240k. I don’t think it’s gonna depreciate at all, but I’m basically weighing between investing the money and living in the slums or just buying a house

>> No.23066595

>>23066565
How old are you? Got any financial advice or is your career just rock solid enough that you make enough.

>> No.23066678

>>23066595
I live with my parents rent/expense free and I make 60-70/year pre tax (depending on overtime) and have been saving every dime. Currently 26

>> No.23066697

>>23066595
I say “rent/expense free” but it’s very bare bones like a few hundred a month to help out with groceries and rent

>> No.23066768

>>23066697
You're a better man than me. I'm 23 and I spent all my money on one last trip to the states back I January if you can believe it, a week before everything closed.

You sound like you got a solid plan laid out. Especially with those savings. At 26. If you really want to make some gains just head to stock market general and read the sticky.

>> No.23066892

>>23065577
I was gonna suggest a few things but noticed you're one of those anti crypto queers so I wont. have fun buying a house cuz moomy and duhdie told you what to do in life you beta bitch faggot

>> No.23066896

>>23065577
bout tree fiddy

>> No.23067046

From one Cuck to another... travel. See the world. Go to places like Afghanistan, North Korea, that Island where they eat foreigners. See it all lad!

>> No.23067092

>>23066768
Nah man there’s no better or worse when comparing people, atleast for me it’s soul crushing job and I hate it, so it’s not all perfect. At the end of the day, money won’t buy you back the time you spent hating life. I’m sure you will get to wherever you’re meant to be, Anon. Good luck

>> No.23067188

>>23066412
Marry someone in the US?
I think that's the only fast track I know. My gf was from the States for 5 years and Toronto was getting unbearably expensive and cold. So that's what I did.

Other ways are probably claiming asylum from terrorism or bigotry in 3rd world shitholes but we're from Canada... it won't work. Lol, I pay 1K a month for a 2 bedroom apartment in a nice gated community here in the city close to the Riverwalk. Making bank and putting it into crypto

Fucking LOL, Young and Bloor Studio in 2013 was costing me $1700. Fuck that shit.

>> No.23067265

Buy core, link and core LP.

Stake said core LP on network faggot.

You'll thank me later

>> No.23067289

>>23067188
Let me marry you Anon gay marriage is finally legal there right?

>> No.23067303

>>23065670
>Get a mortgage
Jewish hands typed this.

>> No.23067324
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23067324

>>23065666

>> No.23067717

>>23065614
quality

>> No.23068875

>>23065840
>Have an actual culture
Trash taste

>> No.23068903

Use it to open a 5x leveraged short on LINK and you will be a multi millionaire EOY

>> No.23069401

>>23065577
Divide it and invest into multiple things.

Since you know basically nothing about crypto and you're a nocoiner I would suggest to stick to the big coins that will definitely grow in the upcoming bullmarket.

Let's say you can put 40% in Ethereum, 30% in Bitcoin, 10% in various lowcap altcoins that have the potential to 10-50x, and 20% in stocks or some other boomer shit like that.

Do some research, learn, study how crypto works and how you can make money from that, cuz it's the only way poorfags with less than $1 mill can make it in a relatively short amount of time.