Bonus

[jjz]

I am getting a pretty good chunk of change for Bonus this year.
I may separate a bit out for Hobby money and maybe another watch what should I do with the Rest?

- Add it to my savings account for a down payment for a new place?
- Give it to my Financial Advisor to invest?
- Pay an chunk of my current mortgage? I got about 60G left.
- Buy a new car?
- Use it for a vacation?

All suggestions welcome.

 

[jeff2]

I am getting a pretty good chunk of change for Bonus this year.
I may separate a bit out for Hobby money and maybe another watch what should I do with the Rest?

- Add it to my savings account for a down payment for a new place?
- Give it to my Financial Advisor to invest?
- Pay an chunk of my current mortgage? I got about 60G left.
- Buy a new car?
- Use it for a vacation?

All suggestions welcome.

Mortgage and maintenance on existing car.

 

[Rukos_48]

Pay off debt. Max out tfsa, fhsa, then rrsp

 

[jeff2]

Pay off debt. Max out tfsa, fhsa, then rrsp

Yeah, RRSP only if the bonus pushes him into quite a high tax bracket.

 

[jjz]

Yeah, RRSP only if the bonus pushes him into quite a high tax bracket.

The Bonus will push me to the top tax bracket, I can't contribute the my RRSP as I have a Pension fund that I contribute too, so that has cut my RRSP contribution Room to a minimum.

I may go with what Rukos_48 suggested, Max out my TSFA.

 

[jjz]

I am also thinking of buying some physical gold.
I used to be a Silver stacker.

 

[jeff2]

The Bonus will push me to the top tax bracket, I can't contribute the my RRSP as I have a Pension fund that I contribute too, so that has cut my RRSP contribution Room to a minimum.

I may go with what Rukos_48 suggested, Max out my TSFA.

Yeah, I have the same setup but at much lower income levels. 32 years in the pension plan. 15 of which were DB(non indexed) and the last 17 in a hybrid plan(DB & DC).
I have RRSP space but only bother with the TFSA for many years now.

 

[Rukos_48]

You can also buy Bitcoin under your TFSA, there’s some Bitcoin ETFs that’s cad dominated. I would wait for some kind of war or attack from Russia or Ukraine to pull the trigger. It’s also a good idea to sit on cash so you dry powder to buy once stocks rotate.

 

[jjz]

Yeah, I have the same setup but at much lower income levels. 32 years in the pension plan. 15 of which were DB(non indexed) and the last 17 in a hybrid plan(DB & DC).
I have RRSP space but only bother with the TFSA for many years now.

Damn 32 years! That must be a nice retirement fund!

 

[jjz]

You can also buy Bitcoin under your TFSA, there’s some Bitcoin ETFs that’s cad dominated. I would wait for some kind of war or attack from Russia or Ukraine to pull the trigger. It’s also a good idea to sit on cash so you dry powder to buy once stocks rotate.

Interesting suggestion about Bitcoin, I am still not sold on bitcoin. I still think it's a pozi scam.

But holding Cash is a good Idea, I currently holding Cash.
I am leaning towards TSFA.

Thanks all for the suggestions!

 

[jjz]

So far I spent the bonus on 2 session, one with Italian Alexa and one with Gemma @MIRAGE.
Also decided to get an tablet and will be dropping about 10G on to my mortgage.
Still trying to decide if I want a watch or buy gold.
I am also hoping may book a session with Zara@Mirage.

 

[Pijazo]

Jjz watches are no Investment. It’s a nice reward for a great bonus (congrats!!!) but very few mecanical máster pieces will hold or improve in valué. So it’s basically fun money. If you already have at least one nice watch, just invest the funds in other options.
I would recommend to max your TFSA, diversify your investments with stocks, bonds and physical gold, pay down your mortgage, and take a very nice vacation. Something you would not do on a normal year. And off course some fun visits to your choice girls.

and share your experiences with the Mirage girls.

 

[jjz]

Jjz watches are no Investment. It’s a nice reward for a great bonus (congrats!!!) but very few mecanical máster pieces will hold or improve in valué. So it’s basically fun money. If you already have at least one nice watch, just invest the funds in other options.
I would recommend to max your TFSA, diversify your investments with stocks, bonds and physical gold, pay down your mortgage, and take a very nice vacation. Something you would not do on a normal year. And off course some fun visits to your choice girls.

and share your experiences with the Mirage girls.

Definitely!!!
Didn't spend the money one a watch, got a TV and sound bar instead.

Dropped some money on the mortgage!!

 

[jjz]

and share your experiences with the Mirage girls.

Done.
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