RE:RE:RE:TFSA limit of $7,000 for 2024. PYR and HPQ!!! Hi Harjay,
Im bullish on Pyro and coming at this from a US retirement and tax perspective; caveat being this is not financial advice and everyone has unique needs and generally accepted investment principles may not apply.
Tax-free accounts are widely considered the most important assets for retirement as they grow tax free, enable tax rate manipulation in retirement, aren't impacted by tax policy changes, and are more easily passed on to family in death. Tax free accounts are ideally left untouched to maximize compounding gains until other accounts are exhausted, unless the gain of using Roth assets to lower tax brackets exceeds the longer-term losses.
Excessive risk investments are typically best suited for taxable or tax-deferred accounts where assets are more encumbered. Taxable accounts are still subject to capital gains taxes, and tax deferred accounts face income taxes and required minimum distributions. Potential losses in these accounts will hurt less in the vast majority of circumstances.
On a personal note, my fiduciary financial manager advised I keep all pyro investments in taxable accounts and I should be taxed less in retirement.
Pyro has phenomenal potential in 2024, but the capital concerns remain prevalent until something big comes through. I'm betting on the FSR or pelletization, but that requires Pyro to stay afloat through at least Q2. That's significant risk that must be taken into account.
Hope that helps!