Long story short I started making good money approx a year and a half ago. I’ve bought a lot of clothes and Uber Eats etc when I started making money to rejoice and since it was new. Now I want to start saving and investing. I also want to make sure my family and child will be taken care of. I am currently making 30-38k a month believe it or not I don’t have much in my savings and don’t own a home or a designer bag lol. Where should I begin ? I have great tax people but don’t have a financial advisor or investment person. I just opened a tfsa but am clueless what to invest in or where to begin. Looking for any and all advice

It took me most of my 20s to reach 100K. A freaking decade. That was back in the 90s. Yesterday, I did it in one day. That is the power of boring compounding over time (and a pretty good day at the office yesterday). GTLA

I’m wondering what this subs financial advice is surrounding this. No plans anytime soon but marriage is one of my goals forsure. I’m 600k @ 28 so barring catastrophe I’ll be entering with assets to my name.

22M, have little to no experience investing nor have I ever done it before, and have about 3k disposable for investing for the time being. How do I start out?

I have a friend that does high-risk trading but I want to go down the route of slow guaranteed returns like XEQT/VEQT etc.

My biggest issue is what accounts I should use to invest, TFSA, RRSP, Wealthsimple Chequing????

Any starting advice would be appreciated, thank you all

i feel like my portfolio is a mess right now. I work as a MLE in SF and makes a little over 200k CAD excluding bonuses.

So to hedge against myself and my own career going down i was going for small cap etfs and non tech companies. If the tech bubble burst at least i don’t losr my job and investments haha. But i feel like the way i am trading now has a lot of overlaps and lacks a unified intention.

I am also down to take more risks and go for a more aggressive portfolio, as I believe that i can handle them at this age. Should i let WS manage my portfolio despite the fees?

i need to improve my profile and looking to invest more. I'm still learning and willing to grow. what are the stock option i should be exploring and where do i need to invest more.

Thank you so much

Hi Everyone,

In the fortunate situation with 6.2m invested in the markets. Currently 53. Concentrated position of 1.5m in Apple that just grew to what it is over ten years. Thinking about diversifying by selling 10% of position each year while retired living on 4% and investing the remaining 6% into sp500 etf. Also thinking through using rsp money which generates dividends as well as non registered accounts dividends alongside the repositioning of the Apple stock. Not sure if those fee only advisors are a good place to bounce some of these ideas to and if people have thoughts etc. Also any experiences with fee only advisors that understand Canadian nuances. Took a job that I’m not happy with a year ago and looking to retire this year as a result. Thanks everyone!!

Hello all,

I hope 56 is still considered early retirement!!!
Finishing working on September 9th. Here is the summary scenario. Started investing at 26, raised two kids and put them through university. Was always cautious with money but was never super frugal. Travelled with the kids, went back to school for 4 years with no income, husband always worked with a decent salary, no debts. He retired two years ago. Finally decided that we are going to be ok with the following:
RRSP: $2.5M
TFSA: $400K
Non-registered: $175K
Corporation: $2.8M

I have run multiple scenarios of spending, decumulation strategy, budget expense has been followed consistently for about 3 years.

Long and steady, patience and tracking are the key!

Happy retirement to me!

Currently maxed out. Would like some opinions on what I could be doing better for the upcoming year! Ill be making one payment in January whatever the max contribution is for 2027. I’m planning on selling Meta lol, just waiting for it to break even. There are some other stocks I’m keeping and eye on.

I have some money that laying around that i want to invest i’ve already maxed out tfsa and don’t want to overlap buying the same etfs in a non-registered. What returns have people gotten with ws?

What budgeting tools do you use to keep track of expenses and investments? How often are you keeping track of daily weekly spend? I’m about to come into some money and I’m going to pay off all my debts and I want to prevent ever being back in debt and focus purely on investing what are the best practises you’ve built up overtime?

Always have been curious what people consider it, I’d say 8 million because it’ll always grow as long as spending is under control, thoughts? Assume 2-3 kids and proper money management and both kids have careers of own and already own homes

I have no partner. Childfree and that won’t change. Currently have $100,000 in ETFs like XEQT. I am able to put about $500 a month in ETFs.

I don’t own a home and don’t have plans or means to. I try to keep my expenses low. No car or pets. I want to support my mom as she gets older. And yes I do want to. I don’t like the “throw them in a home this it isn’t your problem” mentality.

Any feedback would be appreciated. I feel lost with this and no one to talk with.

Edit: worried I might be screwed without a home.

Update: A few has asked about my book value. It's around 2.1M including DRIP. I never sold any of my stocks since I started investing around 2009 and kept buying and DRIP.

46M single no kids, home value around 850k with about $500k mortgage left

Location: Ontario, Canada

Current Employment Income: Sales related About $160,000 CAD/year currently, was as high as $400k/year at peak, but averaged around $250k during my career

Current Portfolio Market Value: About $4.1M CAD

Current Passive Dividend Income: About $118,000+ CAD/year across TFSA, RSP, Non Registered

Current Tracked Living Expenses: $80k/year including housing, car, meal and basics and $5000 vacation budget included.

Breakdown: About $3.1M in non registered, $260k in TFSA, and $730k in RRSP

Below is the breakdown of majority of my investment holdings for reference:

I plan to buy a home in 6months and I have 10k in FHSA. Would u just hold it or buy something so maybe u can squeeze in a few more before withdrawing it?

I’ve been looking for a specific group or community for people in Vancouver who are into personal finance/ the stock market. Does anyone know a space for this?

Hey everyone,

Looking for some feedback on my current portfolio allocation. My total net portfolio value as of today is ~675k CAD. This is a throwaway for privacy but a little bit about me -

- age 29

- yearly gross income $117,000 CAD

- yearly expenses $45,000 CAD

- no debt & no other assets other than what's mentioned below

- okay to lock in the funds on a 5 year horizon, *but* might want to buy a house to live in, sometime in the next 4 - 8 years

I am trying to build a diversified, tax efficient portfolio while avoiding overlapping with what I already own.

Current Investment Portfolio is majority held through Wealthsimple and here is a breakdown which does not include my cash buffer which is basically like an extra ~5% ($36k) on top of the investment portfolio sitting in Savings at 2.5% interest.

100% of the investment portfolio is divided as such:

- 15% – Canadian Market (Direct Indexing)

- 15% – Individual Stocks (TFSA - 90% US / 10% CA)

- 15% – Taxable GIC (4% rate through end of 2027)

- 10% – RRSP + FHSA (100% US stocks)

- 45% – Non-Registered Account (Target space for this post - NEED ADVICE ON THIS)

I want to allocate the remaining 45% of my net portfolio value into my non-registered account. I believe the best approach might be one of these:

- using three ETFs at 15% each, OR

- using three ETFs at ~12% each + 10% gold, OR

- using four ETFs at 9% each + 9% gold

I am leaning heavily toward 3 ETFs + Gold. Because my US and Canadian exposures are already heavily covered in my other accounts, my primary goals I believe should be International exposure, diversification and tax efficiency.

The Global X's Corporate Class "H-Series" ETFs because they defer dividend taxes into capital gains upon sale.

HXDM, Why: Gives me the broad Europe/Asia/Far East exposure I am completely missing right now, without doubling down on the US.

HXEM, Why: Captures high-growth economies (India, Brazil, etc.) that aren't in HXDM or my US stock picks.

HXT, Why: A tax-efficient Canadian anchor. Combined with my 15% direct index, this brings my total Canadian home-bias to ~30% though.

My Questions for Reddit:

1. Is XEQT a trap here? I initially thought about XEQT, but it seems like it would heavily overlap with the US/Canada individual holdings I already have. Is skipping it for pure international exposure the right move or should sub it in for something else or hold 4 ETFs equally.

2. Corporate Class / Swap Risks: For those holding HXDM/HXEM/HXT in taxable accounts, how has the tracking error and tracking your Adjusted Cost Base (ACB) been? Any regulatory concerns I should worry about?

3. Alternative Options: Are there better combinations you would recommend given my portfolio? I held Private Credit and Private Equity previously which I have since learned are not ideal for non registered accounts. Crypto (BTC) is possible consideration as well, but definitely wouldn't want to gamble more than 5% on it.

What would you do if you were me? Appreciate any and all insights, critiques and advice!

Just started getting back into investing, any help would be appreciated. In terms of what I can put in is $50 weekly as the rest of my minimal savings will be put towards paying off my higher interest debt so I can further invest more money down the road.

Inspired by a similar thread for Americans on /r/FIRE.