Aphria Inc. APHA

RE:RE:RE:RE:RE:RE:APH has been a gift

[Viking49]

Vinny57 wrote:

bubba9 wrote: I am up in excess of 7-800% on all my weed stocks that are in my RSP. If I have to pay 35% to get them out I'm OK. I loaded up my TFSA but had no usable cash for my cash account and didn't want to borrow. Tell me how I went wrong . I am up 7 figures and still holding lots. I fully expect one more double and then I will start backing off. 70% of my RSP is in mortgages and high dividend stocks. 

You should have cashed out your RSPs and MAXed out your TFSA.  It's a no brainer. In fact you still can. If you don't want to miss out while your money is in limbo this is what you can do. Tomorrow, borrow the money from your line of credit. Buy APH to max out your TFSA.  Cash in enough of your RSPs to cover the loan. Then pay back the line of credit when your RSP money is freed up 

Everybody’s situation and goals is different so there is no generic strategy that works for everybody.

Always good to talk it through with knowledgeable people and educate oneself with financial tools and tax planning.

Professional financial planners may not be suitable for advice in the cannabis sector as the bulk of the financial planning industry still says hands off cannabis.