This Toronto massage therapist has grown his TFSA to $1.8-million – and is now betting much of it on a single stockThis is TFSA trouncers, a new series that profiles Canadian investors who’ve accomplished incredible feats with their tax-free savings accounts. If you have grown your TFSA to half a million dollars or more, drop us an e-mail at. You may choose to be anonymous, but we do require an e-mail address and we may request screengrabs of your portfolio for fact-checking purposes.
Jacob’s early investor days involved trying to emulate the great value investors of history, such as Warren Buffett and Benjamin Graham. In recent years, he has adopted what he calls “event investing” – looking for news that could be a catalyst for a company or sector to grow or attract investor interest. He maintains a concentrated portfolio
And then there are those who have been extremely lucky, amassing millions by being on the winning side of a trade often enough. hoping the oil industry would do well coming out of COVID, and sold them in October 2023. “I did okay with that. But not great,” he recalls.. That one stock now accounts for about 90 per cent of the holdings in his TFSA and RRSP. The balance in his portfolios is largely invested in Tesla and Nvidia.
MicroStrategy is essentially a bitcoin-proxy stock, and its daily moves tend to be even more volatile than the price of bitcoin itself. While that amplifies the risks of what is already a highly speculative investment, Jacob is confident bitcoin is in a cycle that will soon see its price pierce US$100,000.
He feels taking on risky growth assets is the only way to provide generously for his kids in the future. That perception may have a lot to do with Jacob’s family background, one that he acknowledges was privileged. His day job won’t produce the kind of wealth he was accustomed to growing up.