Oct. 11, 2020
It is tough for me to handle so many stress this year 2020. I just lost $7000 dollars gains and my own capital in TFSA account and $3000 gains on my USA Ameritrade.com retirement account. Now I try to purchase this small suite with 307 square foot and see if I can get loan and purchase my first Canadian home
It is hard for me to invest on stock market. I do like to invest on equity, but I missed 2010 to 2020 10 year bull market, all my USA retirement fund has 1% return from 2010 to 2020. I paid the price of finance illiteracy.
I need to figure out how to get back. It is tough to get loan since coronavirus makes a lot of things uncertain.
The home is here.
All my 10 years saving will go away to pay this suite down payment. I just think that I will have free medical insurance in Canada. I should have a home in Canada. I like to live a 5 year old building so that I can enjoy something new.
BALANCE: Central Surrey's modern solution for space, location and style. Expertly crafted and fashionably finished, BALANCE offers affordable space solutions for all buyers. Light & bright finishes incl modern white embossed quality cabinetry, quartz counters throughout w/tiled bath and IN-SUITE LAUNDRY. Large covered balcony on the QUIET side of the building! Eastern exposure provides lots of natural lighting. A great investment opportunity for an investor or first time buyer: centrally located, walk-able to all amenities and public transit including SKYTRAIN! Still under New Home Warranty, in booming City Centre this studio suite offers great value today and incredible future potential. 1 UNDERGROUND SECURED PARKING & STORAGE INCLUDED! Pet Friendly with NO RENTAL RESTRICTIONS! (id:1937)
Mortgage with $150,000 dollars
I like to learn how to make more money. I need to consider a few things:
- If I lose the job, then how long can I support myself to pay mortgage?
- How can I plan to live comfortably in a suite.
- I am 54 year old now. I have to spend some time to enjoy something. Not all of us can live healthy and happy until 54 year old.
- Take it slow. Do not worry too much.
- I will learn how to invest good stocks and build some wealth from stock market.