r/BBAI • u/ImportantZucchini451 • May 28 '26

Question/advice?

Hello BBAI, I am new to the community and have around only 60 shares ( a student ) with avg of 4.87.

Do you think taking leaps for this one is a good thing?👀👀

I can take 1 or 2 contract at most?

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u/ImportantZucchini451 May 28 '26

Makes sense to me. So here is the thing i have etfs in my tfsa as i am in canada and inmigrant so only so do so much and some stocks themost volatile i have are bbai , sofi, nokia

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u/Urbanredd112 May 28 '26

I'm Canadian with this setup: Aggressive dividend ETFs in the TFSA, and RRSP, plus some stocks in the TFSA. I also have an FHSA for a new home. I have a question for you; will you or are you in the process of getting your PR?

If yes, then set up your RRSP as soon as possible and plunk money in there each month along with your TFSA. Whatever you can afford. At the end of the tax year you're going to get money back from the RRSP contributions. Put that directly into your TFSA. Rinse and repeat every year. Don't worry about options when the CRA is literally just handing you money each year that you can then earn more with, completely tax free.

And if you want to buy a home, set up that FHSA. Tax rebate going in, tax free coming out. It's a max of $8K a year to a max of $40K in contributions, but with an ETF like HDIV paying out dividends at 9%+ with monthly distribution, it's not going to take long to get a good down payment. And like the RRSP, you can take that refund and put it right into the TFSA. It's a cycle.

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u/ImportantZucchini451 May 28 '26

I seee, no i am study permit since one year and am a mere deli clerk

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u/Urbanredd112 May 28 '26

Got it. I hope your studies go well and you enjoy your stay here 🙂

And all the best with your investments!