Lauren_investement
commented on
Hi yall, now that January is closer, we can contribute more to our TFSA. The annual contribution limit for 2025 is $7,000, confirmed by the CRA. With a new contribution room available, where will you be investing your money?
My TFSA journey began a couple of years ago, thanks to a chat with some buddys who were totally hyped about its perks. At first, I was like, "Yeah, right?" but my curiosity got the best of me and I dove in....
My TFSA journey began a couple of years ago, thanks to a chat with some buddys who were totally hyped about its perks. At first, I was like, "Yeah, right?" but my curiosity got the best of me and I dove in....
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Lauren_investement
commented on
The Federal Reserve's recent meeting led to a significant drop in stock and Treasury markets, while the dollar hit its highest level since 2022.
The meeting's unexpectedly hawkish tone was highlighted by four main points:
-Reduced expectations for rate cuts
-Increased projections for 2024 PCE inflation
-Clear signs of inflation risks
-Dissent among several committee members.
As anticipated, the Federal Open Market Committee (FOMC) cut the f...
The meeting's unexpectedly hawkish tone was highlighted by four main points:
-Reduced expectations for rate cuts
-Increased projections for 2024 PCE inflation
-Clear signs of inflation risks
-Dissent among several committee members.
As anticipated, the Federal Open Market Committee (FOMC) cut the f...
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Lauren_investement
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1: 2024 P&L
I made so far 5.6K CAD under my TFSA account, or around 482.07% in profitability in 2024.
Image 1: TFSA Account P/L
2. My TFSA Pocket Guide:TFSA can be good because any gains are not taxable.
I made so far 5.6K CAD under my TFSA account, or around 482.07% in profitability in 2024.
Image 1: TFSA Account P/L
2. My TFSA Pocket Guide:TFSA can be good because any gains are not taxable.
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Always plan to get a White Christmas tree
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Lauren_investement
liked
With the market anticipating rate cuts from the Bank of Canada, would it be wise to buy a GIC or just put money into $VANGUARD ALL EQUITY ETF PORTFOLIO ETF UNITS (VEQT.CA)$ / $ISHARES CORE EQUITY ETF PORTFOLIO UNITS CAD (XEQT.CA)$ at this point?
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Lauren_investement
liked and commented on
I’ve got a sizeable investment in them and it just has been flat all year long. I thought the interest rates coming down should have helped them. Any thoughts? $TELUS Corp (T.CA)$
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Lauren_investement
commented on and voted
Whether you're dreaming of a new home, a comfortable retirement, or funding your kids' future education, achieving these financial goals can take considerable time and planning. During times of economic uncertainty or market volatility, such as after a rate cut, how can you stay on track with your financial goals?
If you’re busy and new to investing, mooomoo AutoBuy might be your new secret weapon.
AutoBuy allows you to invest a fixed amount in a...
If you’re busy and new to investing, mooomoo AutoBuy might be your new secret weapon.
AutoBuy allows you to invest a fixed amount in a...
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Lauren_investement
commented on
Hey mooers!
Last Wednesday, the 2024 US elections concluded with a decisive win for Trump. Alongside expectations of a 25 basis point rate cut by the Federal Reserve, US stocks surged, with banks jumping 10% after Trump's victory. Major US stock indices increased by nearly 5% for the week, Bitcoin hit record highs, $Tesla (TSLA.US)$ surged 29%, and $NVIDIA (NVDA.US)$ rose 9%. However, the strong bullish sentiment before the election brings some unc...
Last Wednesday, the 2024 US elections concluded with a decisive win for Trump. Alongside expectations of a 25 basis point rate cut by the Federal Reserve, US stocks surged, with banks jumping 10% after Trump's victory. Major US stock indices increased by nearly 5% for the week, Bitcoin hit record highs, $Tesla (TSLA.US)$ surged 29%, and $NVIDIA (NVDA.US)$ rose 9%. However, the strong bullish sentiment before the election brings some unc...
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Lauren_investement
commented on
Following Musk's full support for Trump in the recent elections, Musk will lead the proposed government efficiency department. SpaceX's company heavily relies on regulations, subsidies, and policies, and investors expect that space concept stocks will benefit from a more favorable new government.
What are Space concept stocks?
Space concept stocks encompass companies involved in space exploration, launch services, defense, sate...
What are Space concept stocks?
Space concept stocks encompass companies involved in space exploration, launch services, defense, sate...
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Does anyone out there own Shopify $Shopify Inc (SHOP.CA)$ ? The stock went up over 21% today after reporting earnings and raising guidance. What a day! $Shopify Inc (SHOP.CA)$
I actually wrote an article about this stock before, and I predicted that it would surpass expectations. So, seeing this kind of performance today is pretty much on par with what I foresaw.
Here's the earnings summary for Shopify for Q3 FY24.
GMV ...
I actually wrote an article about this stock before, and I predicted that it would surpass expectations. So, seeing this kind of performance today is pretty much on par with what I foresaw.
Here's the earnings summary for Shopify for Q3 FY24.
GMV ...
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Lauren_investement OP WeedStreet : You can automate inside the tfsa account in moomoo.
Lauren_investement OP WeedStreet : YES
Lauren_investement OP JQ3 : Only your contributions reduce your contribution limit. Dividends are not contributions.
Lauren_investement OP JQ3 : When you receive dividends from U.S. stocks held in your TFSA, the process is straightforward. The dividends are paid to you tax-free within the TFSA, meaning you don't have to worry about any additional taxes or penalties in Canada. However, there's a withholding tax of 15% on U.S. dividends paid to foreign investors, which in this case, would be applied to your dividends. This tax is generally deducted at the source by the U.S. company paying the dividends.
So, to summarize, the U.S. dividends you receive from your investment in the ProShares UltraPro S&P500 ETF are tax-free in Canada within your TFSA, but you will need to pay the withholding tax to the U.S. government. There's no need to report these dividends to the Canadian Revenue Agency (CRA) or pay any additional taxes in Canada.
Lauren_investement OP piggy li : So what positions do you recommend?