20M, investing for a year. Getting mixed opinions . Some saying to consolidate my qqc into 100% veqt portfolio. Any advice and options are strongly appreciated.

Everyone was shitting on me yesterday…

i recently got a large inheritance and want to max out my tfsa on wealthsimple but unsure where i should dedicate my money. I plan to manage my own portfolio and have been looking at veqt, qqc, vdy. I have a high risk tolerance since im still young and dont plan to be conservative yet

22F, put 30$ in last night and now i have .12C added lol!

is adding $100 a month okay for a beginner?

Hey guys, I just turned 27 years old…have been investing for roughly 1 year now and adding most of the shares in the past 6 months.

Any advice on this portfolio? This is mostly long term hold

Beginner investor with about 15k to work with. Any thoughts on the difference between these 3? Pros and/or cons to any them? Thanks!

Hey everyone, 34 year old here who’s had the same chequing account for as long as I can remember, probably 20+ years.

Same with my credit card.

Both are with TD and my direct deposit goes into a TD chequing account that gains virtually no interest.

My credit card is about the same, with the rewards being 1% cashback on groceries/gas and 0.5% on everything else.

I typically leave just a few grand in my chequing account and distribute my paycheque to either RRSP or my HISC emergency fund.

I use my credit card for everything and pay it off on time at the end of the month. I typically spend between 1500-2500 a month using my credit card for various things like groceries, hobbies, etc.

Im wondering if its worth me shopping around for better options?

Currently makeing ~130K/year but generally miserable on the day to day. I spend very little outside of rent - 2,350 a month.

Have ~60K in savings outside of investments (I know I should park this somewhere but I'm out of room for the year on the other stuff)

Considering searching for a new job with a better work life balance but afraid of it hurting my trajectory.

Don't see a family in my future and I'm largely just looking to one day be able to catch up on hobbies, games, movies and shows, without financial stress.

Open to opinions!

Have a pretty good interest rate (3.95%) on a secured line of credit and was debating taking some out to invest in a non-registered account (tfsa and rrsp are maxed, and this would also allow the interest to be written off). Would only invest in market ETFs, not a fan of picking stocks.

Horizon is to fire in the next five years or so.

Are others doing this? Is there anything to consider? I know ETFs can be volatile, so not sure if a 5year horizon is enough. Are you paying off the principle as well, or just interest? I would also put it in a seperate non registered account to show the transfer from the LOC for the interest write off.

I've been trying to get into investing, not with the banks that take a lot of fees from my investments. My friend told me to get into Wealthsimple. The only thing that scares me about Wealthsimple is considering how new it is and there's no physical location. I'm a little nerve Vera putting my money into this on my back and inside any opinions I really value thank you so much. Should I move all my funds here

I have been playing with Excel and various variations of Monte Carlo-type analysis.

It was enlightening to see that, no matter the probability of certain outcomes, everything depends on the one specific sequence of returns one's investment will face.

In my situation, with yearly contributions of around 3% to 4% of my invested capital, what I cannot control is absolutely the main driver of success.

Each iteration in the sequence of returns creates large swings in outcomes, far beyond the impact of what I control, like contributions and time in the market.

I started this while wondering if increasing my yearly contribution by an additional 10% to 25% would be a good allocation of an expected income raise.

I concluded it doesn't matter much anymore. It barely moves the needle in comparison of the sequence of return. It is all up to the stock market gods now apparently.

Has anyone else come to the same conclusion?

I might just be going to spend that extra money. It feels weird after years of avoiding life style creep.

(Still aming for experiences and ‘one of’ spends, not trying to increase my baseline spending and FI target)

Assumptions used:

Avg return net of inflation 6%

Std dev of return 16%

Time to FI: 12 to 15 years

Currently a full time student and make 125 a month for a student leader position at my dorm. I just want to slowly grow my money but i dont know if i should just put my full paycheque into my portfolio

I just started 2 months ago any advice? I want a little bit risky investing with more returns XEQT too boring , i appreciate you guys.

Would appreciate your suggestion & advices on how to grow my portfolio.

Looking for long term growth of 10-20 year horizon1 aiming for the 1 mil magic number. Currently investing $250 biweekly, weighted by current holdings.

Would really appreciate any advice as I recently ditched the MF at TD & moved all my money to WS into ETFs. Thank you.

I’m 23, currently in university, and I’ll be the first to admit that I’m pretty clueless when it comes to investing. I’m trying to learn and make better financial decisions, but I honestly have no idea if I’m going about this the right way.

I’ve been trying to diversify my portfolio, but I’m starting to think I’m not actually diversifying anything and might just be buying different ETFs that hold a lot of the same stocks lol.

My goal is really just long-term investing. I’m not looking to get rich quickly or constantly buy and sell stocks. I just want to consistently put money aside and hopefully build something over time.

I’ve been considering simplifying everything and just investing in XEQT going forward, since I’ve read that it’s already pretty diversified and is a decent option for long-term investing. I feel like that might make more sense for someone like me who doesn’t have a ton of investing knowledge.

I guess my questions are: Am I doing okay for someone who’s just starting out? Am I overcomplicating things by holding multiple ETFs? Would focusing on XEQT be a reasonable approach, or should I reconsider how I’m investing?

I’m genuinely trying to learn, so I’d really appreciate some opinions! Please don’t roast me :)

Heya folks 👋👋,

27 M here, working in IT. Have about 300K saved with about 120K invested, left the rest in HISA now.

Spouse’s income is around 130k and mine is around 200k.

Mortgage is around 870k ( I know, right )

Any advice on path to FIRE ?

If you haven't already, consider looking into the disability tax credit. A surprising number of issues are long-term disabilities.

Stuff like a learning disability, dyslexia or even dysgraphia can qualify for the DTC. I myself qualified for the DTC with ADHD and a learning disability, (symptom dependent) make sure that it is officially diagnosed by a physician. Push for your physician to recommend you to the appropriate specialists.

Once you qualify, your taxes are reduced moving forward, but you also get reassessed on your prior years and you could receive a large sum back.

This also gives you access to the RDSP which has a grant mechanism that includes back pay on prior grant years you missed out on. This grant can total to a maximum of $70,000 over your lifespan. Additionally, you may qualify for matching payments based on your income level, lower level incomes from prior years also carry forward.

So if you've had a bit of hardship, this can be a huge help to your financial Independence.

I strongly advise that you do not use those services where they take a 10% cut, and only use them in the event that your physician is being difficult. But you're better off paying the small fee (sometimes 300) instead of losing 10% off the top.

I need help. Pretty blind and manage my expenses very poorly.

What are some tools, habit and practices you follow to stay on top of your spending? I want to know what's the cash surplus I have to spend every month after living expenses.

Thank you!!

Hi there,

I’m a person living with a disability that allows me to qualify for the Registered Disability Savings Plan (RDSP).

Basically this plan gives me a lot of extra money every time I deposit some (my yearly 1.5k investment rewards me with 3.5k up to a certain lifetime amount). The catch is that I am unable to access this account until I am 59 which is perfect for retirement or at least some extra cash for when I hit that age I’d like to retire earlier tbh.

I’m figuring out a game plan as to what to invest in. Something that’s passive and something I don’t need to worry about. When I first used this account I dumped all of the money into XIE or XIU (some black rock etf). I have a ton of liquid cash right now so I’m probably going to invest in some ETFs. Any recommendations? Xeqt is on my list! Anything would help:)

Ive been investing 1k a month ever since i turned 18, 4 months ago. I only hold xeqt😭😭. Should I ride the coast with it, Or should I take on more risk since I am young?

P.S: the 6k are emergency funds.

I'm in my mid-50's and at the point where i can retire and live off savings. That said, I have a huge percentage of my non-registered holdings in tech. Microsoft makes up 17% of household assets. Google, 12%. Apple 4.7%, Meta 2.7%, Amazon 2.4%. In total, 38.6% of all houshold assets in these 5 companies. (60% of non registered holdings)

Option 1 - roll the dice that these blue-chip tech companies continue to hold their value and draw down on these holdings over the next decade. This would reduces tax paid on gains over time given that much of these annual withdrawals would be at a lower tax bracket.

Option 2 - sell a huge amount right now at top tax bracket - pay 50% tax on 50% of the gains.... I'd see a huge bill upfront - hundreds of thousands upfront - all at the 50% tax bracket, but my risk would be reduced considerably... I could move into balanced funds vastly reducing risk.

Thoughts on the ideal path?