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Shafik Hirani has an investing style inside his tax-free savings account that he admits might not work for the average Canadian investor.

But you can’t argue with the results the Calgary division director and senior executive financial advisor at Investors Group Financial Services Inc. is getting.

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In 2013, the Financial Post first launched its show-us-your-TFSA challenge, a popular bragging contest.

To our knowledge, no one seems to have been able to replicate the success of Mr. Hirani, who about a year ago was able to show a statement that had an incredible $172,382 in it. That’s despite the fact, that as of 2013, the government had only allowed $25,500 in contributions.

As of 2014, total contributions allowed are up to $31,000 and there are rumours the government plans to bump the annual allowable increase in contributions to $10,000.

Mr. Hirani’s methods were controversial last year. He made a major investment in the once mighty Fannie Mae that had been reduced to a bulletin board stock. You’re not allowed to invest in the bulletin board or over the counter stocks in your TFSA but Mr. Hirani was able to point to the somewhat obscure fact that as long as shares are co-listed on a Canada Revenue Agency recognized exchange, in this case it was the Stuttgart Stock Exchange, the investments are allowed to be held.