Mark McGrath

in my opinion, definitely

Can happen, just need to own the right stocks ;)

The idea that 30-50 stocks gives you enough diversification misses an important point.

Returns come from a handful of stocks, and most stocks are dogs.

You reduce risk by owning 30-50 stocks.

But you are likely to miss the stocks that drive the whole market higher.

There are 3 essential ingredients to building wealth.

1. A decent savings rate
2. Reasonable investment returns
3. Time

You have the most control over #1.

Focus on that.

Canadian Pension Plan (CPP) is a hedge against:

1. Inflation
2. Unlucky sequence of returns in retirement
3. Longevity

It's like insurance.

If those risks show up, you'll be glad to have it.

Of course, what if there are people on X that didn't see it!

Often it's too much house, private school tuition, paid help at home, cars, and vacation properties.

Though I had a client once whose hobby was collecting antique airplanes lol

I've had clients earning over $1,000,000 per year break down crying in my office.

Why?

They didn't know where their money was going.

Increasing your income won't help if you can't get a handle on your expenses.

Don't worry I still spell it wrong every single time

Bingo.

You want the best after-tax outcome, which doesn't always mean the least amount of taxes

just testing the room don't worry lol

Smart

If you want to pay less tax:

Make less money and keep what you have under your mattress.

Less income = less taxes.

You're welcome.

Follow me for more great tax tips.

Here we goooooo

Lol soon

It's a party now

What's the vibe on dividends over here

Haha thanks Ashwin!