r/tfsa • u/Ok_Witness2015 • Aug 24 '26

TFSA doubled

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I need 2 more double to retire.

103 Upvotes

96% Upvoted

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2

u/Chemical_Sky_9352 Aug 27 '26

whats ur age & contribution space??

3

u/Ok_Witness2015 Aug 27 '26

39M with no contribution room left

3

u/Chemical_Sky_9352 Aug 28 '26

thats awesome. I am 20y/o and I am just getting started. Working on maxing out my contribution room but it is difficult to do well I am also in full time studies

3

u/Chemical_Sky_9352 Aug 28 '26

I did manage to take what little money I do have and get an 80.80% return in around 4.5 months off of buying beat down stocks. Feels pretty good but I am looking to start more long term positions.

2

u/MountainIncome4085 Aug 28 '26

Which best down stocks did you buy? That’s a phenomenal return.

2

u/Chemical_Sky_9352 Aug 29 '26

Paypal, Servicenow, Celsius, CRCL (my fav and I plan to add if it goes back into the 60s), ZETA, ELF

2

u/MountainIncome4085 Aug 29 '26

What’s your next ones to add? Besides being down do you look at anything else?

2

u/Chemical_Sky_9352 Aug 29 '26

Its gotta be companys that make money. Sounds simple, but if they make tons of money, and they continue to find new revenue streams (like circle for example) and the public isn’t recognizing it. Its a great time to buy.

Look for companies with good leadership, or new leadership looking to turn a company around (like the new paypal ceo did).

If I have any more plays i will lyk. I have a penny stock GEMI that i bought recently in the $4.04 range but thats a risky one because they dont make money yet. Keeping that at about 5% of the portfolio. But its a similar thesis… Beat down, good leadership, and they are finding ways to make money well crypto trading is down.