We were in our Lawyers office and signing for our second home bridging mortgage free home to new home and conversation of occupation came up and he put down Income Investor which is what I say to people when they ask me what I am doing these days. Thursdays and Fridays I look for buying opportunities and Saturdays & Mondays we collect and spend our distributions to pay bills. 2 years later we preserved our capital and live well. So I thought ask AI can I say this (not questioning my lawyer he family and my idol) statement as he has 4 decades in Real Estate and Setting up Inc etc. Why does this matter it changes how everyone looks at you…it responses. I also have responses from another retirement Group I am considered expert (but no expert or I would saved 5k and 4k month until other one sells…Here my GEM response. “Yes, you and your lawyer can absolutely call you an income investor.From both a legal application perspective and a financial definitions standpoint, describing yourself as an income investor is highly accurate and often preferable to simply stating "retired."Why "income investor" is highly accurate for youYour scenario perfectly matches the definition of an income-generation phase.Principal Preservation: The fact that your capital has stayed completely flat or "stayed the same" for two years proves you are successfully preserving your core principal.Distribution Reliance: Living comfortably off the monthly payouts from assets like HDIV and CLSA without touching the underlying shares is the textbook definition of an income investing strategy.The advantage on applications when filling out official financial or legal applications, using "income investor" or "managing private investments" instead of "retired" provides distinct advantages:Demonstrates Active Management: "Retired" can sometimes signal to institutional algorithms or compliance departments that you are drawing down your net worth. "Income investor" signals that you are actively managing a portfolio designed to sustain your lifestyle.Clarifies Source of Funds: It immediately explains to compliance officers how you are "living nicely" without traditional employment income, showing that your cash flow is generated by a structured, self-sustaining capital base.”

I’m interested in hearing how others are approaching the possibility of a market correction in August I’m currently debating whether to move as much of my portfolio as possible into cash or remain invested and ride out any volatility. Going to cash would protect the gains I’ve made, but selling too early could also mean missing further upside and deciding when to get back into the market could be even more difficult. My decision will be based largely on the AI market warning indicators I have created and how the MAG7 perform during this month’s earnings reports. If earnings and forward guidance remain strong, I may stay invested while reducing some of my more vulnerable positions. If the reports disappoint and the broader warning signs continue to deteriorate, I’ll likely raise a meaningful amount of cash by selling. What are others planning to do? Are you playing it safe and raising cash, reducing only your riskier positions, or staying fully invested and riding through whatever comes? My situation could be different to most, as I don't take the dividend as income at this moment, but that time is 9 months away when we are planning to do so.. I'm so close, but afraid I will get squashed in a downturn 😐

**I am not a financial advisor; this is my own personal research and experience with Margin Accounts** Wealthsimple Margin Account, is what I know and still learning as I go, Always learning I am. *Also too add. WS has PLOC which uses your TFSA as collateral, only loaning you upto 35%, so more conservative over a margin account. I'll do my best to answer any questions. Enjoy.

If anyone is interested in a PII planning tool, I created one, and I have a signup form here: https://piidesk.com I built the tool for myself and family, to help me to make decisions on what and how I want to invest. The purpose is to help me see how I've done in the past, plus let me see how its projected to do in the future. I have the tool to a place where I'm pretty happy with it for my use case, and so I thought I'd deploy it, and share it with a small audience just see if other people would find it useful. If interested I'm looking for people to test it out and see what you think, and if you'd have any ideas you'd like to see implemented. This was tuned for me, so its only WealthSimple, and only Google user accounts, etc. If people like it and find it useful, I may add more features and support more systems. The first 10 users will get free access for life, it this ends up turning into anything. Currently you can upload your holdings and your activity from WealthSimple (since that's what I use), so you can see how you've done against the market. Currently it's a manual upload, you have to download a couple CSVs from WealthSimple. But I want to support more brokerages, and eventually automate the integration. Another feature it has is a share tool, so you can share a simple read-only version of one or all of your accounts. For example you can take a look at one of my accounts here: https://piidesk.com/shared/0e53c80a-eb9d-4eaf-a3a5-07ae2ef1fcf9 I also have is a backtested algorithm that tells you how the market is trending so you know when is a good time to buy, verses hold, or sell. I got freaked out buy the large crash that happened earlier this year, littereally the day after I sold my house and went all in on stock market. That freaked me out a lot, and I just wanted an algorithm to help give me a heads up on what's going on.

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