r/fican • u/hot_little_car • 6d ago

first day

Post image

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

is adding $100 a month okay for a beginner?

128 Upvotes

98% Upvoted

22 comments sorted by

16

u/Due-Trainer-9349 6d ago

What did you buy?
Any amount is okay if you don’t need it in the foreseeable future.

3

u/hot_little_car 5d ago

i wasn’t sure where to start but i did.
-
Enbridge
ENB.TO

FORTIS..
FTS.TO

RBC
RY.TO

is this okay?

3

u/Due-Trainer-9349 5d ago

I would only have stocks as a small percent of my portfolio, around 10% or so.
The 90% would be put into an all in one fund such as the Z/V/X EQTs or CAGE/CAGX.

9

u/DelayConnect335 6d ago

Yes. Awesome! You'll definitely retire soon.

1

u/WalmartKobe 4d ago

Fire 40

7

u/Aidsfordayz 6d ago

$100 a month is perfect right now. Increase monthly contributions in the future when/if you are able to.

5

u/Relevant_Account_258 6d ago

$100 month is a great start. Your investment journey has just begun.

3

u/Th3W0lf73 6d ago

Félicitations pour cette belle décision.

4

u/da_l0ser 6d ago

That's a fantastic way to start! $100/mo will add up as you go, & you can slowly explore what sectors you're interested in as you save up. Well done!!

3

u/SaharaSub 6d ago

Nicely done. You're on your way...

3

u/RightHonorReverend 6d ago

invest any money you can. think long term. but make sure you got cash for expenses and an emergency fund plan.

2

u/ReferralRandy 5d ago

The best time to start was yesterday. The second best time to start is today! 😄

Well done, you've begun the journey!

0

u/hot_little_car 5d ago

thank you!

1

u/I_Like_Turtle101 5d ago

I start to buy an XEQT a week when it was around 30 k . Now I have 20 k in my WS acount. You have to start somewhere

1

u/WalmartKobe 5d ago

Soon you gonna buy a hot little car with your gains

1

u/hot_little_car 5d ago

lmao that’s the goal

1

u/WalmartKobe 4d ago

Cerebras is a promising company. They have an unmatched product for AI chips. Company’s guiding to 3x Its revenue for 2027.

1

u/hot_little_car 4d ago

it’s an american company, is it smart to invest as a canadian? thoughts?

1

u/WalmartKobe 4d ago

Right forgot that we were on r/fican. Might get downvoted for that.

Is there anything that compares to the tech Cerebras has? In Canada or anywhere else in the world ? The answer is no.

2

u/WalmartKobe 4d ago

And as a Canadian you can definitely invest either on the American and Canadian stock exchanges.

1

u/Bubbly_Jellyfish6319 2d ago

Welcome to the club 🤝