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The Financial crap keeps coming + new home purchase

Never thought I would be fighting so much for these financial things in Canada.
 
-CRA mailed tax refund to wrong address
-Called CRA to get it changed to correct address. They said I need to fill out some form to invalidate the other check they sent and prove I never deposited it in my account. I filled it out and mailed it to them.
-CRA decided that they were going to re-assess my TFSA contributions for the past 10 years, and for some reason, decided I was a non resident in 2010 and 2011 (even tho I was) and compounded penalties on my account for the last 10 years, then put a $17,000 bill on my tax account.
-I filed a dispute claiming that the CRA did not calculate my contributions correctly. They said it will take up to 18 months to look at the dispute and resolve it. CRA took my tax refunds and $2,000 that I paid them earlier and withholds it from me because they think I still ‘owe’ them money while it’s in dispute. So for the next 18 months, I cannot get anything back from the CRA.
 
If you think that wasn’t enough…
-I returned $2000 worth of Amazon packages that I purchased to review on Youtube, and sent them all back with tracking.
-My credit card gets cancelled by TD because they thought some fraudulent transactions were on it and issues me a new card.
-Because my condo unit was broken into, all mail is re-routed to some faraway postal location and I have to take Uber there and back to receive my new card.
-Seller confirms they received the returns, Amazon says they refunded me for all of them.
-The refunded transactions got stuck on the old card. I have to call TD and ask them to manually push the refunded transactions onto my new card.
-One of the transactions refunded by Amazon ($1200 worth) never shows up on either my old card or new card and it’s been well over 7 business days. Amazon says they definitely refunded me and TD says they definitely don’t see anything on my old card and on my new card.
-I have to dispute this transaction to force Amazon to push me a correct refund that will actually show up on my card.
 
So in addition to an ongoing lawsuit I’m still in (QuadrigaCX from last year, will not get resolved anytime soon), I have 2 disputes I’m currently waiting on resolution from that’s tying up at least $12,000 of my money, and that’s not even mentioning the fact that my previous Vancouver landlord scammed me earlier this year of my security deposit and I could have easily sued him for that but that would have put me into yet another lawsuit which I didn’t want to be in.
I never thought my financial situation in Canada would be so complicated all the time. Why did I leave the US again..?

Update on the Amazon refund situation: I got my refund and I asked TD to close the dispute, but instead of closing the dispute they (for some reason) added ANOTHER dispute onto the card for the entire amount of my purchase again, without crediting me. So now I got the seller hounding me again about why im disputing another charge when I actually didn’t, and I got a massive charge on my credit card that just randomly appeared out of nowhere. Why did TD do this??

Another story with Fedex:
-Fedex supposed to deliver to me last week. I called them and asked them where my package was. They said they were waiting for my payment, and because of COVID19 they can only take payment by phone not by person (which is extremely weird because I paid a Fedex guy just last month in person).
-So I paid them, and the following week they never delivered. I called and asked where’s my package. They said they were waiting for payment. I said I already paid them, and they said ok we’ll deliver it to you the next day.
-Next day comes and goes, they never delivered. I called them again, they said they take some time for someone to pick up my package or something and it will be delivered soon.
-I’m still waiting for my package
WHY are people so incompetent in this country???? Like I have to call them multiple times just to get them to do their freaking job
 
..in other news, I have decided to finally buy a new apartment, after selling my SF apartment in 2018 (effectively at a $200,000 loss since QuadrigaCX took all my proceeds of that sale), and it’s a pretty decent condo unit in Downtown Vancouver near BC place. This area is basically the ‘new’ Yaletown, and is probably going to be further developed in the future. The area has many of the same amenities and views as Yaletown, except the prices of the condos are roughly $50k cheaper for the same units on average, so I thought it was relatively ok. The place I ended up getting for $660,000 CAD ($500k USD) which was a decent discount from the list price of $689,000 CAD. It also comes tenanted which is nice, since I’m mostly looking for a place as an investment right now.
Plus, the interest rates right now in Canada are extremely low, and I managed to get approved for an interest rate of 1.6% variable, which is extremely low. 
I only have $120,000 CAD out of the $150,000 CAD I would need to cover the deposit on the condo (20% deposit) + closing costs, so I would need to borrow an additional $30k from my parents as well. I’m actually surprised that my parents can lend me that much given that I already lost them the money that they gave me for my SF apartment because of the QuadrigaCX mistake I made.

Remaining things to do:
-get a lawyer to write up the transfer of the deposit/rent/etc
-purchase insurance for the unit
-electricity isnt covered by the strata, so have to open a BC Hydro account for the condo and pay that as well
-borrow $30k from my parents to cover the deposit + closing costs
-Get $2000 bonus from CIBC for getting the mortgage with them. Lock in the 1.6% variable rate (I can switch to fixed at any time but the guy said that the rates should remain low for the next little while so I got nothing to worry about) for a $528,000 mortgage.
-Wait for CRA updates on dispute
-Wait for TD/Amazon updates on dispute 
-Wait for updates on QCX lawsuit from EY/MT
 
Items I purchased still waiting on:
-Astro Slide phone, coming out next year
-Nixie Tubes, shipped from Ukraine should be coming in next few days
-Cinera Edge, HMD backed in Kickstarter should be coming next year
-Refund for Atari VCS which I initially pre-ordered but decided against it
-Jelly Phone 2, should be getting end of year
-Jerry West jersey, shipped from China
-Klipsch R-41PM speakers + Pokemon game, shipped from US
-iPhone 12 Mini, pre-ordered with my Apple friend’s discount, shipped from US
 
 
Categories
General

Wishing, waiting, praying…

Not much to update these days. I’m pretty depressed because of what happened at the beginning of this year. Usually I’ve been a fairly risk-neutral investor, neither too risk taking or too conservative, but this year I foolishly took out 3 loans to average down into crypto, which subsequently plummeted 90%. That’s $170k down the drain. I’ve been trying to come back since then.

This year is easily one of the worst years of my life. Aside from my financial problems which has basically sucked out all my paychecks to pay back those loans, almost all my friends have left San Francisco, my Korean gf broke up with me due to the distance, and I’m stuck here unable to visit my Korean friends or my ex-gf at all. I have to sell my apartment first. Why? Because it’s the only way to pay back my loans. If I didn’t do that, I would have to work for the next 3 years to pay back my loans. And I can’t take a vacation or quit my job either because of these stupid loans that have to be paid back. I can’t average down my crypto to even try to make some of my money back either. Basically I dug myself into a deep, deep hole, and selling my apartment is the only way out in a reasonable amount of time. If I rented it out, I would need at least $6k a month to pay back my loans + mortgage interest + HOA fees + property tax + enough remaining money to survive on. It’s unlikely I can rent out my unit for that much. So I’ve listed my apartment for $800k. I also paid $30k in renovation + parking fees to help sell it.
Some of my friends have told me that is a low price, but I’ve got to get myself out of my financial rut somehow.

On top of that, my health hasn’t been good this year and I’ve had to take anti-depressants as well just to keep myself from suiciding.

So yeah, this year has been awful. I think I only had one friend I really hung out with the entire year. Every day at work has been boring and just looking forward to the paycheck, just so I can pay back for the mistake I made back in January. Hopefully my place will sell soon, so that I can finally escape this prison…

Categories
General

Financial blunders – I never learn, do I?

I put up a post earlier this year showing how much money I wasted last year, and this year is no different! Since then! I have made just as many financial blunders…

So just to recap these were my biggest financial blunders last year (2015):
-BitTorrent stock options: $4200 – while not a terrible blunder, I still don’t think BitTorrent will ever amount to anything, so this money is basically wasted. I got a stock certificate that probably won’t be worth anything. So $4k down the drain
-Paid $215 for Kickstarter projects that never came to fruition. (iWinks Aurora + Home free)
-Paid $3000 for cleaning up bed bugs in my apartment.
-I missed or changed 4 different flights last year. One from San Francisco back to Korea because I forgot my apartment key and couldn’t wake my friend up to let me in. One from Vienna to Croatia because the Austrian Airlines’s convoluted process where they botched my seat up, forced me to waste 1.5hrs going back and forth to clear up my seating arrangement. This caused me to miss my flight. One from Istanbul back to San Francisco, where my iPad showed the wrong local time, being one hour late in Istanbul time for some reason (it was connected to Wifi, but this convinced me to ALWAYS use my iPhone, not my iPad). I was stuck an entire day in Istanbul airport because my iPad messed up. And lastly, when I changed my flight from Toronto back to Seoul to meet my then-girlfriend earlier, not knowing that it would indirectly lead to my break up with her (see my Jan post for detailed info there). The total cost of missing and changing all these flights is about $1500.
-I shipped a TV to an ebay customer where it arrived broken, and I refunded the guy $500 the full cost out of my own pocket, when really I should have gotten UPS to refund it instead, since it was damaged by shipping, not by me.
-paid $500 for impounded scooter that was leftover from 2014, and that one really wasn’t my fault, because I think that was legal parking, but anyways I tried to argue with the SFMTA for 5 months and couldn’t convince them to give my money back so I gave up.
-paid $300 for useless SATA docking stations i never needed
-paid $100 extra for special New Nintendo 3DS copy
-paid $400 extra for my Asus gaming laptop because I made some extra customizations by Xotic PC, and needed it to be built and shipped express to my place in San Francisco so I could pick it up on time. Now you can find the same model on eBay for 40% of what I paid for it.
-repeatedly buying and selling things on ebay and shipping them via UPS probably cost me thousands. I can’t even calculate how much.
-paid $150 to ship some speakers to my parents. the shipping price alone was the price I paid for the speakers..
-When I was in Budapest, got scammed $700

This year so far (2016):
-Lost $2500 on sports bets on Bovada. This is because I really expected the Golden State Warriors to beat the Cleveland Cavaliers in the Finals, and didn’t hedge my bet. Of course, I ended up losing the bet, and lost a lot of money on it.
-Paid $150 extra to ship 2 video games (Dead or Alive Xtreme 3) to my friends place earlier from Japan so that I could get it on time to play it with him. Thats the extra money just for express shipping.
-Missed 1 flight from San Francisco to Tokyo because I thought the ticket time showed PM but was actually AM. This one was a doozy – I had to pay $1100 for a new flight since it was last minute – and this was a one way flight too! I sold my scooter for about $1300 so basically I sold my scooter to pay for my flight to Japan. Yup… that was dumb.
-Lost $5000 from betting on Hillary in the election. Honestly, I’m not that upset about this one, because every predictor on the internet thought Hillary would win. Just goes to show anything is possible I guess. Its a lot of money for sure, but I’m not the only one who lost a lot of money on this bet. Congrats to Trump supporters though, they must’ve made a lot.
-Lost $500 from bitcoin transaction fees
-lost $200 paying for a website I was supposed to develop for but never went anywhere
-Paid $500 for a wireless phone bill because I was too lazy to get a new Korea sim card after my old phone broke, and I decided to use an international plan instead. Bad idea, for ONE month I was charged $500 for using up a lot of data and I immediately stopped the plan and got a Korea sim card instead. Lesson learned. NEVER use international phone/data plans, they are always way more costly than a local prepaid sim.
-I shipped a laptop to an ebay customer where it arrived broken, and I refunded the guy $400 the full cost out of my own pocket, yet again because I didn’t purchase insurance. Another case of bad luck selling items. I originally bought the laptop for $900 last year, so it was a $1000 loss in total because I also gave him the $100 Kindle Fire free of charge as well.
-Had to throw away the Creative T4W ($400) and Synology DS415play ($400) as they were not working anymore. Should have returned them with warranty.
-still waiting on $800 of kickstarter projects (Dragonbox Pyra + Smach Z)
-$300 on currency conversion fees because US dollar is so high. Not much I could do about this one though.

So yeah, I never learn.. I wasted at least $8500 last year, and this year $12000 in lost money. That is ALOT of money I wasted or lost… Even going back to 2013 and 2014, $3000 wasted on stock option bets, $2000 wasted on parking tickets and impound fees from my scooter, etc Sometimes even though I try really hard to make the right financial decisions, sometimes these things always end up happening to me.

Anyways, I hope Hillary wins next Tuesday, I might be able to make back some of my losses (albeit a small amount).

Edit: She didn’t win. of course.