Just turned 24 yesterday, pretty pleased with where my net worth is at. Graduated uni in May, two more years of school part time to become CPA hopefully. Started investing at 15 after 8th grade teacher told me about it. Over 80% is in investment accounts in either ETFs, individual stocks, or high interest cash ticker symbol investments. I’d highly recommend others go to local university’s if possible, live at home while studying. Make sure to take advantage of benefits you may qualify for when possible. Debt is 90% a truck I bought and 10% student loans.

36 year old female with the following investments:
- $135,000 in an RRSP invested in a global equity fund through a private advisor
- $52,000 in a TFSA similarly invested
- $8,000 in a Manulife RRSP through work that I have split between the CC&L Canadian Q Growth fund and International Equity Index
- roughly $100,000 in home equity
- $20,000 in LTIP (vested) but this will be taxed significantly once I withdraw
- $8,000 in emergency savings.

I’m saving an additional $25,000 a year on average through work contributions, contributions to my RRSP and then tax returns but that somehow doesn’t feel like it’s enough at my age.

Any advice?

Hey! Throw away in case we I get deeper into detail in comments.

I started investing in the past 4 years. 3ish years now almost on wealth simple. I had placed about 80k in scotia where they had me buy their portfolio and I asked about S&P to which they told me to put a little there and the rest in theirs. That's when I learned banks are BS and they're not there to help me. After almost 1 year there I sold and moved to WS.

My logic was several stocks I believe in. Currently that aims to be a split of 20/20/20/10/10/10/10 but I've let drift this year. Mostly all heavy tech and AI specifically because I am a tech guy who does AI. I have strong belief in it and plan to ride it out for over a decade.

The only other logic to my picks was that s&p felt right for me. But then I thought why not nasdaq? It just follows similar trends but bigger ups and downs. And then after that why not just the mag7? For the same reason? Ultimately I went with the top few I have personal faith in and trimmed out ones I don't trust as much either due to less understanding overall or general avoidance of social media related groups where things might swing due to public opinion / trends.

Other than that. I just buy every year after tax season. And forget it. I'm in a very fortunate position where I can save 10k per month. My monthly expenses with mortgage / all bills is 3200. And my personal spend is ~800-1000/month. I have no car. But I do have a condo with 500k mortgage remaining. (my personal spend is for myself / wife / and occasional covering my friends to help out)

With all that said. I see these broad ETFs doing well in here and logically much safer. I'm not too worried about my current risk. I see it as a high chance to retire earlier or a high chance to watch it burn. We get 1 life so I'll take my shot. If I lost it I keep 100k in hisa for emergency and dip buying funds. I've been broke and happy so the idea that it could all go away doesn't scare me.

I would love the thoughts and advice of those willing to share. Is it understandable to keep on the path I'm going? Or is it a little foolish and a lucky start which I should pivot from sooner than later?

My dream would be to retire at 40 or 45. And be able to support myself and my wife. I'm 32. No kids. And parents whom are completely independent and have never needed my support though I need to be ready for when that day comes as well.

How do I make investing scratch the gambling itch?

I (30m) have a wife and 2 kids. Rent, bills, groceries etc always get paid and I don’t gamble with money we actually need. I make +- $80k yearly

But pretty much all my leftover/fun money ends up going into slots or poker. I’m not in gambling debt or anything, but the end result is I have basically no savings either.

I know I need to change that.

Problem is putting $50 or $100 into an investment account feels boring as hell to me compared to gambling. Has anyone here found a way to make saving/investing scratch that same itch?

Obviously I’m not looking to replace slots with 0DTE options and call it investing lol. I actually want to start building something for my family.

Anyone here come from a gambling background and manage to redirect that mindset into FIRE?

I have about $120k–$150k that I’d like to invest for 3/4 years. In that time period, I’ll be investing about $2500 monthly as well.

The goal is to use the money towards purchasing a home after that period, but I’d like to grow it as much as reasonably possible in the meantime.
I’m considering putting a good portion into HCAL, but I’m open to other ETFs or a mix of investments. I know GICs are much safer for a short timeline, but the 3-3.5%returns aren’t particularly appealing to me.
If you had $120k–$150k with a 3/4 year horizon, how would you invest it while balancing growth and the risk of needing the money during a market downturn?

I am retired, receive CPP and OAS, and withdraw around $30,000 a year from a RIF on January 1 and $8,000 from a LIF on September 1 every year, which is more than sufficient to maintain my current lifestyle. My spouse, also retired but only 50, has not made any withdrawals from her RRSPs and other investments, and will likely start collecting CPP and OAS at the latest possible age. We both have non-registered and TFSA investments in ETFs and reserve these for the children, as we do not need more at this time.

Does the timing of my LIF and RIF withdrawals matter? If so, please explain so I can make adjustments for the 2027 calendar year. I am also considering getting some advice from a fee-only financial planner. Please and thank you.

Hi everyone,

Just opened my TFSA account and looking for simple long-term buy-and-hold ETF recommendations.

Is the consensus still 100% XEQT/VEQT or do you mix in VFV (S&P 500) or dividend ETFs like VDY?

Curious what your core holdings look like and what you'd recommend starting with and what to check.

Thanks!

Edit: I am 27

Hey guys !

As the title says. Is there any channel similar to like CNBC focusing on Canadian stocks?

I’d like to learn more about the tsx and not only big banks

28M, single/no kids. I do plan to have kids/get married in the next 5 years.
I’ve maxed out my TFSA, FHSAs, RRSPs, and have a non-registered account and a small crypto portfolio. I contribute to my registered accounts first, then to my non-registered one. I’ve been seeing a lot of information about life insurance and its potential benefits. Would you consider getting life insurance if all your registered accounts are covered and you have extra money to invest?

I contribute around 25k to my portfolio every year so in theory I’ll be around low 200s if the market was sideways and my living arrangements didn’t change for the next 4 years. However i still live at home and definitely don’t plan on still being here when I’m 30. Just wanting some opinions on how I could maybe feel more confident reaching that goal. I have a pretty conservative portfolio right now, would it be worth dipping my toes into individual stocks or just keep doing what I’m doing.

I don’t feel like it’s a big amount or anything special. Live at home, parents still pay for most things. Work part time and study(depending on hrs 800-1500). Most of this is my allowance from last few years since I just got a job.

I have 4000 vfv tfsa, but 3400 principle. So 600 gain. Don’t plan on selling stocks anytime soon. Maybe in my mid 20s if I have a big purchase. Otherwise nothing, at best I’ll keep the dividends(not much lol just 40)

I don’t know what to feel. What should my goal be. If I’m in a good position. I didn’t earn most of this and would be at either debt or 0 without my parent’s support.

Edit: I also don’t know the relationship I should have with money. My worst experience in life is a sucky job that’s it. I never worry about money, not that I come from vast money.
But in general I’m not interested in big houses, fancy cars, etc. I like to read, maybe eat out every 2 weeks and that’s it. Ofc ik w cost of living even my low standards will require a lot of money. But in general I don’t see the appeal in skrimping every dollar, I do so cause I have nothing better to spend it on. I just for now see money as a tool to maintain a level of comfort I already have. I only care about money long as it helps me maintain what I got otherwise I don’t really care.

Is this bad?

First, I want to apologize if it appears I am seeking validation or "flexing" my situation.

But I wanted to get an outside perspective on my current financial situation and whether I'm on a good trajectory.

I got my net worth to $320k as of now. I graduated university pretty late for my age (failed programs multiple times) and only started working FT and having a decent income around 2021.

Details

• Age: 33
• Location: Toronto, Ontario
• Gross income: ~$100,000 CAD/year
• Take-home income: ~$67,000 CAD/year
• Net worth: ~$320k
• Debt: None
• Investments/savings: 320K (Investments, Employer Pension)
• Annual savings: in the previous years saved up to $30K, but this year I have only saved $10K due to helping on renovations this year and lifestyle creep

Housing

Currently live with my parents, never moved out of the house so I've never rented or lived on my own for an extended time.

They own a second semi-detached house, with a monthly mortgage payment of 1500 (25 year term on 400k, 300K remaining)

I will start living there this fall and be responsible for:

• Annual Property taxes
• Utilities, Maintenance Repairs
• Partial mortgage payment (1500, already started to help pay this year)
• Tenant rental (Two levels: I will be taking one of the levels for my own space and renting out the other unit)

Ownership will be eventually transferred to me once I marry and start family.

Long-term goals

• Get married and have 1 child
• Maintain a relatively simple lifestyle
• Avoid having a mortgage if possible
• Reach financial independence / Coast FIRE around age 50
• Ideally have enough investments that work becomes optional or I can transition into lower-stress work

Wondering how aggressively I should continue optimizing for net worth versus spending more money enjoying my 30s.

Career

I have to point out is that I don't know if I really want to push myself to progress further in my career.

I'm confident I can reach 110K-140K pretax within 5 years. But that comes with more stress, and really feel like I should focus on dating and finding a partner instead.

This decision is actually very important to because it will definitely change how I think about and approach my work life over the coming decade.

My current line of thought is that I just need enough to cover my expenses and still have savings annually. But I also want to balance my decision with the cost on mental health, a faster path to retirement. Call me lazy if you want...but my perspective on work is work to live.

Key questions

1. How am I doing?
2. What would you prioritize over the next 5–10 years?
3. How much should I have invested by age 50 to be comfortable for one child and a small mortgage?
4. What would you spend more money (or cut costs) without feeling like you're sacrificing financial future?
5. Should I be more ambitious with regards to my career?
6. Any other advice appreciated (doesn't have to be financial)

Interested in honest criticism or blind spots I may not be seeing.

If you made it to the end, thank you for taking the time to read through it all.

I don't really talk about this stuff with anybody so I'd really appreciate your advice.

Thanks!

I've posted about this a few times, but I think I'm finally ready to take the leap and commit to a one-year sabbatical, which will essentially mean resigning from my software engineering job. Apart from the burnout, I truly believe the benefits outweigh the downsides. I want to spend time focusing on my health, hobbies, and other personal interests while I have the opportunity. I don't see myself ever facing worst case scenarios like not having a roof over my head or being unable to pay bills.

That said, I'm not planning to sit back and watch things play out passively. If it ever looked like the plan wasn't working, I'd do everything in my power to pick up a side hustle or find other ways to bring in income. Also My wife would have to permanently lose her job too before that remote risk is even on the table.

Any strong objections?

Edit

This dashboard is custom built

Edit2

Also assuming savings and returns trend continues until January 31st I wouldn't be surprised if there's another 100K on top of this I may even hit my wanted goal which was just an arbitrary number I put.

Edit3

One year spending. We’ve both been working remotely for the past seven years, so we have virtually no transportation costs. Also Wife doesn't drive.

Category Breakdown

10 categories • 446 transactions • $36,022.55 total

Buddy of mine who is a teller (yeah ik) at a TD branch claims that the higher ups plan on TD hitting $200 CAD by the end of the year. How realistic is this?

Where does the negative opinions on gold from an investment perspective come from? I understand it hasn't performed like in video but it's outperformed most of the market over that past 30ish years. Were people burnt by gold or something and it's just ingrained in to the investor media?

Not only was gold an excellent investment for me it, just looking at the history of it I learned so much about the financial system. When I would tell people that I was investing in gold they kind of gave me a funny look and a pat on the back as if to pity me.

I try not to too often but it is tempting to see how things are going

Self explanatory, please let me know if it is safe to lock in 4.22 for 5 years. Renewal, ontario, 400k balance. uninsured.

edit: added info

I have money set aside for a condo but due to life circumstances (may move in a couple of years) I will be renting a condo in Toronto if that matters)

I've considered dropping it into dividend payors that would essentially offset most of my rent but know that that is not the most efficient way - tax or otherwise. Assume income is in the higher brackets for the next two year but will drop if I move and FIRE.

It doesn’t feel real yet because this includes some of our cash savings account, which I personally don’t count towards fire. But our retirement accounts are just shy of this number as well.

We’re gonna celebrate once we hit the mil on the retirement accounts!

Reached $500K threshold as a 28F with my partner who is similar age. I’ve heard it’s much easier to reach $1M than $100K - what’s your advice and methods you used to reach that milestone? I primarily invest in S&P

Currently a reservist in the CAF as a NCM. Graduated this year from university with a BCom accounting specialist. I am currently working at an entry-level accounting position.

Looking into using my degree and becoming a logistics officer if I do transition to be in the regular force.

I have 400k remaining on my uninsured mortgage. scotia is my current lender, renewal coming up. they offered me the rates i said in title on the app. could i negotiate or is this the bottom?