You saw it here first and before it happened. It’s obvious though. Not an especially genius call. Are you positioned to capitalize on the correction?
A.: No, you cannot. When shorting, your potential losses are unlimited, and your TFSA account IS limited. The only two ways to short stocks in TFSA (known to me) is via buying put options or the inverse ETFs. Both are pretty risky if you don’t know what you’re doing, and even if you do…
Courtesy of Questrade, obviously.
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What’s your ceiling? Is there an amount of money – savings – that you cannot breach? You get just above that amount, and something comes up, something happens that brings you down to your “normal average”. Is there an amount like that, or is your cash cache steadily growing? I have my “magic number”. I’ve had discussions about this with two people who have their own “magic number” above which they can’t jump… yet.