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Buddhed

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  1. With scotiabank do you need to get an LOC in order to get the preferred chequing account and gold amex/visa infinite card or can you get those without an LOC?
  2. What is the best credit card for Canadian medical students. I am basically just look at whatever will save me the most money in the long run (whether its through cash back or travel rewards).
  3. I dont see why it would be a joke. I invested all 315,000 of the LOC into companies like MX, CVE, SCL, AC, MFC, MFI, OTEX, BMO, TFII, AQN, T, XIT. Among a few others (I'm canadian) Take a look at those stocks and see if it would be possible to make a little bit less than 50% return on those stocks if I invested around March 20. I saw my opportunity and I took it. I am still not satisfied and hope to reach 300,000 by early next year. Didn't do anything crazy either, just bought and held. Oil stocks gave me biggest returns (and tech stocks), I plan on selling some of my tech stocks (they mostly have returned to pre pandemic levels) and buy other stocks that are slower to recover. The second wave of those stocks increasing is just starting now.
  4. Can you explain how 2020 is more like 1930? That makes no sense. The best predictor of a modern day crash and recession would be 2008 but then you have to consider the fact that this is more caused by a pandemic. As someone who has monitored the markets closely, every time good news comes out about reopening the economy or vaccine news comes out the markets shoot up. I think that things actually look promising that a vaccine will come out by early next year. I would expect markets to shoot up then possibly close to pre-pandemic levels (likely a little bit below). Now the question becomes inflation/recession that will result in a decline a little bit after the markets mainly recovered. I plan on getting out and paying back my line of credit at that point and using the money I made off of it for future investments.
  5. I got a 315,000 line of credit for this exact purpose and invested it at the low around March 20. I'm up almost 150,000 now and I invested pretty safely in my opinion.
  6. Still no response? I got one other than just the automated email last year the day after I confirmed my position. I guess they may be behind this year with the Covid pandemic.
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