r/fican

Just sharing my experience at work recently to get it off my chest.

My colleagues and I discuss the markets sometimes and they know I’m into investing. They, on the other hand, are staying out of the markets completely. Some are buying condos instead because “real estate always goes up”. They also say they’re waiting for the stock market bubble to pop. Interestingly, none bought in when stocks fell sharply in Feb-March, thinking they’d drop much further.

I just shrug it off and don’t argue. But they keep asking me when I will buy a place. I tell them I prefer to rent and invest at the moment. Because of this, one colleague in particular looks at me like I’m an idiot and lectures me about the coming crash.

I know I can’t predict the future, but I just can’t help feeling bad for them despite the condescension. Only time can tell, but I really think they’re making a huge mistake by not participating in the market over the next 3-5 years. Anyway, I just keep buying XEQT and QQC and keep quiet lol.

I have 3 unsecured PLOC. First one is $45K at Prime + 0.5%, second one is $35K at Prime + 1.5%, third one is $50K at relatively high interest rate.

What are your thoughts on investing the $45K at Prime + 0.5% (making up 4.95% interest per year).

Would you invest all? Some? A combination of the 45K and 35K? What investment strategy would you use? (eg. Dividends or growth ETFs? etc.)

Aside the unsecured LOCs, would you also consider getting a portfolio line of credit? (Current portfolio is about $330K in liquid financial assets invested. Zero debt.).

I’m thinking through using loans/margin to front load investments and take advantage of the long term compounding effect.

I'm 34, I make 87k in my 9-5 job, have a pension and a house in AB. Life could be better. Please share your age, income or net worth. I just want to hear stories and less about what I can do better.

EDIT: I don't want more advices on what I can do better but just want to hear other people's stories.

EDIT:
not comparing myself but just want to see everyone's journey as it's what I do in tiktok/insta/youtube anyways.

I strongly believe in the quote below
Sharing happiness multiplies the good feelings, while sharing heavy burdens makes them lighter and easier to bear.

I’m 36. I work a government job that has a base pay of 75k per year. I rent and my monthly expenses all in are about $3500 a month. I really hate my job, I just go in and go through the motions. I started an E-Commerce business 2 years ago to help distract me from my job and I’ll make about 100k from it this year if things continue. I spend about 12 hours or so a week on it. My ask is would it be wise to quit my job? It’s impacting my overall health going there. I have no debt, about 250k liquid. I would spend more time growing my business.

Any advice would be helpful.

Thanks

Is CNQ and Athabasca Oil a good buy??? For long term investments