That's it I'm out | General comparisons | Discussion forum

I've been hunting high interests rates on savings account for a while now when I was a student and I followed every posts on these forums unveiling the latest promotional rates offered by banking institutions.

Now I have been screwed by Tangerine with about 70k I had in the savings account when they launched their 3% rates on new deposits. I have been screwed by People Trust which had their TFSA at 3% for a while and as soon I join them they start plundging down. I still have my ICICI and HSBC accounts open from the old time when they offered 4.5% and up, now offering agonizing rates.

Now it's Breaking Bad time. I am graduating this yeah in ortho surgery and I'm throwing eveything down in the stock market. I opened my Disnat account couple days ago and threw everything I saved in 10 years in TSLA 150k @ $200 5 days ago, now they are at $250 and I intend to keep steady until they break the $300 when they accounce the Model X orders and when they reach $450 when Model 3 comes into the mass market.

I was feeling like a cowbow and wanted to throw all in in BYD electric car company stocks @ $50 from Hong Kong who are trying to pierce the North American market by passing the security test standards but if they fail and go bankruptcy I don't feel like seeing 10 years of savings account rate hunting disappearing at once. I know it is unwise to go with high risk stock market only portfolio but I am fed up with the ludicrous rates and when I keep hearing my parents saying: "I remember when I was young and money doubled over within 10 years with my 10% rate investments."

Whether it double up or loses half, at least I won't have the feeling of being trampling on for my whole life looking at the stock market of electric cars growing endlessly while the mutual funds are equally investing in petroleum and ICE cars.

I have the same feeling as going all in on Texas Hold'em at Vegas with pocket Aces.

Max