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About Douglas31

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  1. Investing LOC

    Is there somewhere to go to do more research on different mutual funds? I have looked into Mawer a bit and have a good idea about it. I am assuming you (Abii) have done lots of research on different funds? And Mawer were the ones that looked best to you?
  2. Investing LOC

    Also, why not get an ETF instead of a mutual fund. As I understand it the expenses are much cheaper. Are these more risky? Additionally, I am aware that the markets are at all time highs and have been steadily increasing for years. Any concern over a 2008 repeat?
  3. Investing LOC

    So would Scotia have a problem with me coming in and saying I want to invest the loan they gave me for school and invest it in a outside fund in a TFSA with them? I did have a meeting with them once about using my loan to buy a house. They said they can't actively encourage it but if they don't know where the moneys going then its fine (something to that effect) Also, I would be looking at a house in the Alberta market. Most likely Edmonton.
  4. Investing LOC

    I should have mentioned that if I do the mortgage.investment property option, I would probably go half in with my parents. If not that, then they would likely cosign for me. Also, I will be articling at a large Toronto firm in August so I will have income coming in at that point. Perhaps I would wait until I had income coming in. (I also would not be buying a house in toronto, would be buying in a smaller market out West, likely a newer multilevel where I can rent out the top and bottom floors separately. I have done the math on some of these and rental income can be close to 2700 - 3000 a month and monthly payments from 1500 - 1800 if renting out both floors Abii: Thanks for the insight that was really helpful. I definitely should contact Scotia and find out about the increasing interest rate. And to be clear, you are recommending putting mutual funds into my TFSA? I kind of forgot about TFSA, but I see this could have great tax advantages. So I think it comes down to maxing out my TFSA (with likely mutual funds, stocks are too risky especially since market is at all time high). Or Invest in a investment property with backing from my parents (Assuming interest rate does not go up after 5 years. Thanks
  5. Investing LOC

    I am in my final year of law school and thus have only used around $20,000 of my $100,000 line of credit. I received it at 3.2%. Now, it is starting to hit me that I only have access to this line of credit at this ridiculously low rate for another year. I feel like all law students have been given a gift in terms of access to capital (with no track record, other assets). I am thinking that the smartest play now would be to take out as much money as possible on the LOC and invest it elsewhere. Whatever returns I receive would likely cover the interest on the loan. Note that I have spoken to Bank reps about this (Specifically buying a house), and they said while they cannot directly encourage such behaviour, they note that a lot of students max out their lines of credit before they finish school for investment opportunities. Has anyone had experience with this or want to comment on this? I see a few options. 1. Buy a house... Most solid investment and safest I would say (long term). However if I was to do this I would be buying an investment property (to rent out) because I am articling in a different city that I would intend to buy in (familiarity). 2. Stock Market - Obviously risky. I do have experience with this however and would stick to safe investments. 3. Mutual Funds... Max out RRSPs??? Not much experience here... Anyone want to comment? Is it a good idea to invest in mutual funds on your own without going to an advisor? Thanks
  6. 2018 2L Recruitment

    Hmm... I guess so, just basing it off my experience and what I've heard from others. In my case, I was brought back on Wed and it seemed like more of a formality than anything. Just to let me know that I was still receiving an offer. I only had a half hour chat with one senior lawyer about basically the same stuff I had talked about earlier and reiterating mutual intention, then I was on my way.
  7. 2018 2L Recruitment

    Im pretty sure if a firm is serious about giving an offer, they will want you back on Wed.
  8. Summer Student Salary @ Toronto Mid Size Firms

    I am fairly sure it is the same or almost the same as the big national firms. At least in the early years it is, I think the salary discrepancy gets bigger as the years go on. I got hired at a mid sized full service bay street firm and got 1450/week, and my first year associate salary (if hired back), will be the same as big firms (or marginally less).
  9. 2018 2L Recruitment

    I am from out of province and didn't do OCI's. I received two calls on call day morning (for interviews), I think also that only one firm sent an ITC email about a few weeks before.
  10. Study time for Ontario Bar

    I will probably not have to start on May 25th. My exam period goes from May 3-25th. However the exam schedule has not been released so it is a toss up. I could potentially be done mid May. Additionally, during regular exam period I put in 7 days a week 10-12 hour days without much sweat so I think I can hopefully manage. The one thing that I hope doesn't cause to much problems is the difference in the law between inter province. I have taken a lot of the cookie cutter courses in law school however not in Ontario. Thanks for the input everyone this this gives me a good idea. Edit: I also found out that I cannot write in March 2018, I have to write both in June.
  11. Study time for Ontario Bar

    Thanks for the input, I think based on my situation and the time sensitive nature of it, I will buy my indices. Anyone recommend the best company for this? I know Ontario Law Exam was linked above. Also I will get the LSUC Table of contents? Also in regards to writing one exam in March 2018... I did not apply in the previous period, however I think it may still be an option. I am currently in the process of applying now for 2018/2019, I did read something that you could write the earlier March one but your time limit to complete all the requirements is shortened by a year? Can anyone comment on this?
  12. Study time for Ontario Bar

    Please note that I consider myself a great test taker and very efficient test taker. I always find myself prepared and am a smart cookie:)
  13. Study time for Ontario Bar

    It seems that some people read everything twice and some people read everything only once. I am erring on the side of only reading everything once (I think twice might be overkill especially if you understand your index). Would reading only once make two weeks per exam doable? (That is a full month of studying) Also, is there somewhere I can get more info about the group studying/index preparation for the exam? I am under the impression that you join a study group and everyone is assigned a section to index? Does this happen once the materials are released?I am wondering how this is coordinated especially since I have no friends practicing in Ontario since I am from another province. Additionally, I will be studying from Europe while I'm on exchange (hopefully this won't be an issue for group indexing). Thanks and sorry, just want to really investigate this process before I commit to exchange/two bar exams in June. I realize November is an option for one exam however I don't know how working 10-12 hours a day and studying would work. I am considering writing one exam this upcoming March as well (while on exchange).
  14. Study time for Ontario Bar

    Christ, this is a predicament for me. I will have 5 exams in May with the potential that the last one can end up on May 25th. I was also thinking that I could just do a read through of the bar materials prior to my exam period (Then do a much quicker second read in late May), however I have been told that they don't release the materials until late April? So the consensus seems to be that two weeks per exam would not be enough?(Literally putting in 12 hour days?) I could probably study for bar exam and finals at the same time (would be hell) and extend to an approx 3 weeks per exam. Thanks for the insight
  15. Study time for Ontario Bar

    Hi, I will be writing the Ontario Bar in June, I was just wondering about how long I should leave myself before the first test (taking into account the two week period after first test) in order to study (assuming I am putting in full days). Is two weeks before the first test adequate? (Two weeks per exam?), or is it more like 1 month per exam? I ask because I may have a very cramped schedule before the bar exam as my exchange term exam period ends on May 25th. I am aware that the exam last year was on June 6 & 20. Thanks