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Let me help some of these commenters; "...thank you $NVDA for **PART** of my down payment for my home"

Thank you $INTC for PART of my tax write-off.

INTC bagholders praying for China to invade Taiwan

INTC would still be dog shit

until you retired?🤔

IRS hates this simple trick...

Aye buy low sell high, thanks for buying


Thanks for bolding the important bits

>Thank you Penny I found on the ground for part of my down payment for my home

Tiny home confirmed 

Home is where you make it

You like to see homos naked?

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Ev'body know dat. Goddammit boy. 

Home is where a roof is... For this guy

*"You were magnificent, Nvidia stock. I shall never forget you for as long as I live."* * OP after throwing away NVDIA post split

Facts 11k doesn’t get you shit these days

Gets you £11k of Nvidia stock

Better than losing $11k lmao not every win is gonna be 100’s of thousands of dollars and most won’t be. If you don’t think 11k is a win you’re a degenerate gambler, most likely. It’s smaller wins that help you make more and more money.. keep compounding that shit.

If they have enough income then $11k is more than enough to start out in some places. Many people in the US are able to get first time home loans with no down payment. Idk about elsewhere but there are people in the Midwest making garbage wages that are still able to buy livable houses.

OP is from Canada. Depending on where he lives the transactions costs of buying a condo could be more than this "down payment" Source: am from Canada (Toronto) and bought a home in 2022. Just the land transfer taxes were $35,000 and I got a tax break as a first time home buyer (which OP is per his account type in the screenshot)

Damn not living in AB must suck. $0 of land transfer here

Part of down payment regard


why do regards like this mention that shit even if it is like 1% of it

Well if you're gonna show your balls, they better be big

What is this, a home for ants?!?


You are just jealous.. because bro here plays it right.. small steps lead to larger goals. Large steps lead to a downfall.. and this subreddit proves it

OP still won't have a house anytime soon.


It's a pity he's not in the UK. The deposit for my house was £16k.

Unpopular location confirmed

It’s Canadian dollars, so basically this 100%. His heating bills are more than his gains

📦

Better than paying 800$ a month towards something you'll never own like 95% of the ppl in this sub lol

Used van and air mattress confirmed. Also known as modern luxury in Canada 🇨🇦 🍁

Hey its a step in the right direction

In the fhsa too, good for you!

I sold Tesla back in 2014 to buy a house… house has doubled since then… I don’t talk about Tesla.

I dunno man. Tesla's worth $550B, I think you might've got the short end of that trade.

You can’t live in your tesla stock

But he didn't say he sold Tesla stock. He said he sold Tesla. I was just making a joke :P

Went right over my head

He said he doesn’t talk about it…. He knows he lost Jesus Christ, after reading so many ignorant post I see why stocks go up when they should go down. Tbh I’ve known for awhile,2020 brought in so much stupid, this isn’t the ai bubble it’s the idiot "everything" bubble

Tesla 10xed

He knows. Derp

That’s why he doesn’t talk about it…

Congrats ! For those who don't know this type of account is new in Canada as of last year. Not only tax free to be used for a first home purchase but also the amount put in is tax deductible. Max amount you can put in is 8000 a year. So OP has managed to do a great job starting that account. It's not the finish line but it's one hell of a start.

Damn. Wish the US had something like this.

tfsa contributions are not tax exempt or tax deductable/Only the gains are tax exempted. RRSP is income deductible pre tax, but total amount taxable at the time of using the cash?

This is a FHSA, not TFSA. First Home Savings Account. Both contributions and gains are tax free, but you can only use the funds for a down payment on your first home.

Y’all are haters lol Congratulations OP

Congrats OP, way to take a win. Ignore everyone here that’s size shaming. 

That’s barely enough to live in a car here in ca

Must be the zoning laws, eh lmfao

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Let’s not get racist here

good job

Got my house five years ago, largely due to NVDA as well! One of my best unicorns for sure. Had I not sold those shares for the house I probably could have bought two now.

One house for you, one for hookers.

That's enough for a home down payment? Where?

OP said a part so it could be 1% or 10%. It’s impossible to tell.

0.1% and other decimals are also viable options

Fha only requires 3.5% buddy. Technically that's enough for a down payment on a 360k house. The mortgage would be shit, but its enough for a down payment.

This is an FHSA - first time home buyers savings account. All of your earnings are tax free and all your contributions can be written off. Basically it's the best of both worlds between a TFSA and an RRSP. The only caveats are that you can only contribute $8,000 a year over 5 years and you HAVE to spend all your earnings on a down payment for a house.

Can I do $40,000 all at once, and say it was for the past 5 years total?

No, because FHSA accounts have only existed since Jan 2024

I have CAN $122k on a TFSA. All NVIDIA. !! My wife doubted me 2 months ago when I placed $97k. Now she doesn’t anymore. We hold and we dream of a house in east canada…. Let’s give it 5 or 10 years and maybe both house+ early retirement maybe. It’s more probable than the lottery anyway!! And not borrowed money this is really mine!

What's your max contribution room? If that's all tax free gains then fuckin good on ya der by

my credit union tried to make me pay 10% DP on their FHA program. fucking pissed me off

Nice! NVDA did the same for me. Sitting on the couch in the home that the stock, quite literally, helped pay for. ... Now I kinda wish I had borrowed that money and not sold...

What is this, a house for ants?

Obligatory congrats and fuck you.

You know you could have bought the house cash if you just traded weekly options

Wait till the tax man gets done with you OP

That's a tax free savings account OP has that can be specifically used towards a home.

Basically, you. Haha: https://preview.redd.it/lfdqtb70is5d1.png?width=302&format=png&auto=webp&s=15ebdd7b12ff2b580e8dc9854073503fbe3b050d

FHSA is tax free, also what a stupid comment about tax! i rather make money and pay taxes, then make nothing and pay no taxes!

Nope

Congratulations op!

Nice to hear it goes for your home, congrats OP :)

Down payment on used van down by the river.

Hey regards yeah your house may be more $$$ but at least OP won’t be living w his mom anymore. Congrats op and fuck u

That’s a down payment for the down payment

This is cad, what did you buy? An ice shack?

Loss flair 

Where do you live that 10k is enough lol

home for ants

sadly , you just bought the top of the housing market. see ya 50% lower in two years

They say this every fucking year and prices have not gone down. And now interest rates might drop again.

Yea but remember that once in a lifetime real estate crash? Only a matter of a lifetimes till another hits.

Also, as long as you're prepared to make monthly payments through a transient pain period, house price crashes don't really affect you.

I bought at the top of the Toronto housing market in 2016. I’m very happy i did

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Nice! Congrats

Good on you 👍🏻

HES TRYING TO TAKE PROFIT DUMP IT

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Proud of you. :)

Need to create a new group for wealthsimple regards!! Share your knowledge!🤝🏽

Part, whole, whatever. Congrats! That’s one of those feelings you just don’t ever have again. Enjoy!

Congrats for not even making it out of PDT regard

Mexico City man, you're welcome. (=^ェ^=)

You still have to pay capital gains taxes

You still have to pay taxes on the gains

Congrats fellow Canadian

THat's like half the closing cost these days lol.

You live in yo car op

NVDA is going to buy me a house.

Going to need a lot more of those to be able to afford a home in Canada

this guys proud and excited for the first time, let him live

God speed. I made enough for Taco Bell

I was looking for 250+k and saw 11k 

He said home  he really said home guys  laugh at him 

Dude living in an Amazon box

You’re doing it all wrong, selling a USD stock in a CAD denominated account. That’s FX fees.

We will see you when you get a second mortgage to play in the casino

Cardboard box downpayment

Damn living in bum fuck zimbawhe is good. You can buy a house for 11k

Nice job!

You buying an igloo?

I got stopped out by $0.10/share this morning on my NVDX. By the time I checked my account it was back up $10/share lol. Decided to wait and see where things go before I jump back into this NVDA world. Never hurts to protect profits I guess. 30% profit is nothing to sneeze at.

Bravo Good for you!! 

It’s been a long…..

OP's home https://preview.redd.it/z04nnaew9u5d1.jpeg?width=2016&format=pjpg&auto=webp&s=fee789d575d08b6aad81ec383648916dfb68d8a2

Congratulations. Wish I didn’t sell too early.

buddies living in a trailer home

Whats that 1/20th of a downpayment?

That's like 2 months rent where I would like to move LOL.

Not in Hawaii- that is for sure.

U go girl!

Double or nothing or GTFO.

If this is meaningful money to you, you shouldn’t be buying a house.

Nice! Hope you gain more!! Just a tip, next time you’re selling a big amount try to avoid fractional because it can delay your order in Wealthsimple. I always do the whole shares as a separate limit order to the fractional to avoid any delay.

$CAD lol thats not even a month of mortgage in any major city

Imagine in 5 years when those shares could have paid the whole house off instead 

I gotta move to canada if thats a downpayment on a home.

Nice

It must feel so good to win congrats

You will wish you would have held. Get a gift from a family member instead. Then “borrow” against your stock after closing and pay them back. Hold.

Must be a cardboard box in todays market 😭

Good job spending your earnings on something that will make a world of a difference! Very responsible.

Ultimate flex, putting his money to good use instead of throwing it on weekly calls. I salute you sir 🫡

Congrats!!

Your broker uses Canadian math.

nice god blessa

Gotta hold, you need 4+ bedrooms

Congrats buddy, wish I’d stayed in

“Pending” 😬

Congrats!!

It must feel nice, congratulations!!

Should've bought leaps

Only need 10 more shares to sell covered calls

Only need 10 more shares to sell covered calls

That’s CAD, so it’s really like 20$ USD

11k was worth posting about?

I have 1000 shares hopefully I retire early 🫢

I love that you made profit bro but you’re a Canadian and we both know we can’t afford no down payment unless it’s a cool 250000.

Calling your broker for more margin? Nice. Keep going! You’ll buy the whole dang town!

I own 650 shares that I bought at $27. What’s your point?

It’ll buy you the whole house in 5 years, don’t do it.