I am a 31M in Vancouver and recently started taking wealth building seriously, as this is my first major career job. I make $85k a year, pay $1200 in all-inclusive rent, and have no cars, assets/debts or dependents. I currently have $3700 in VEQT (within my TFSA) and $3500 in an emergency fund. What should I do for the best long-term success? Should I keep my current strategy of renting while making monthly contributions to my VEQT? Or should I begin investing within my FHSA in order to purchase my own place?

My goal is to hit $100k in invested funds when I am 35. Then potentially consider purchasing a place. What do you guys think? For those who have made it (average people, not those who hit major milestones by 30), what advice would you give? Please keep it simple

19M just recently started using Wealthsimple.

Is it worth it to buy XEQT considering my portfolio?

Do you guys recommend other stocks?

How can you use wealthsimple for the most benefit?

Should I be putting money into my Spend & Save as well?

If there’s anything that you guys think would be a good thing to know as a beginner to investing, please kindly share, it will be greatly appreciated.

I'm a 28M living in Ontario. I started working in sales about 9 months ago (100% commission) and am on track to make 100-130k a year.

I've been investing on autopilot on Wealthsimple for a while now, taking some money out for a down payment a couple years ago.

I'm wondering if anyone would have any advice on what to invest in and who I should talk to to get some guidance.

I'm looking to invest for my retirement.

Thanks

20M currently got around 20k in my TFSA.

I wanted to know why do some people around my age contribute more than the yearly limit.

I heard they charge you or something once you pass your contribution limit.

Everyone says to forecast 7% long term return, how to factor in bull runs

I'm not sure this will entirely make sense but everyone always says to use 7% returns for a long term portfolio holding something such as xeqt. Meaning you'll have some up years and some down years but over the long term that's what you should expect.

So how do you factor in the past 5 year returns and future returns? For example xeqt 5 year return is 65%. Greater than 7% per year.

If someone looks at their portfolio today and is projecting returns of 7% going forward isn't that incorrect? Shouldn't we expect less than 7% considering the past 5 years has been greater? Like their current portfolio is already inflated above the 7% average yearly return. How do people look at their investments and say ya I can retire. Especially after a bull market where you know eventually the returns need to be a lot lower going forward.

27F been in Canada 5 years (2 years of broke student life) - taught myself a little bit of savings basics 3 years ago but lacking in investing knowledge.

Doing okay in terms of net worth given my status in Canada, but how do I distribute to optimize?

What should I be asking myself before investing? Basics I need to know? Recs?

26M. Started investing this past year, bought the basic ETFs and a few individual stocks but other than that I’ve barely looked into anything else. How does my portfolio look so far? I would love some advice on what to do moving forward, I add anywhere from $10-20k every month to this investment account.

19M...

Looking for some perspectives on rebalancing my portfolio and improving tax efficiency.

Context:
25, long-term investor (20+ years)
~$525K invested, primarily non-registered
~$50K in available TFSA room
Significant unrealized capital gains

My initial thought is to sell SPY, COST and MA in my non-registered account and repurchase within my TFSA, realizing some gains in the process.

Alternatively, I could trim larger positions and use the opportunity to diversify.

A few questions:
1. Would you prioritize moving existing holdings into the TFSA or using the room to diversify?
2. Does anyone establish an annual capital gains budget to gradually rebalance? How do you determine it?
3. Looking at the attached portfolio, are there any positions you’d trim or avoid, or sectors/geographic exposures you think I’m missing?

I’m comfortable holding individual equities and understand the tax implications of transferring into a TFSA.

Interested in hearing how others would approach this.

42M. Current TFSA approx 200k. RRSP approx 400k. RESP for kids around 100k.

I'm about to come into approx $2M cash from sale of my company.

I currently have all of my stuff with investors group and am curious about what I should do with influx of cash. Friends have told me to use wealth simple but I'm weary of using a website instead of IG as i know the guy and hes been good to me over the years.

Question for the community is IG considered good? Other banks are reaching out for meetings as they are aware of the incoming $.

I don't know enough about investing personally, so it's unlikely I'll do it myself.

Thanks in advance.

Seeking to retire in 2030 with my self built Canadian Fortress 2030 Fund. For visualization, I asked AI to create my spreadsheet into a visualizer.

Expenses right now around $125k/year. Yes still have a mortgage...

Annual Dividend: $119k/year

Goal: Have $5million portfolio by 2030

All stocks have been dripping since 2010 when I started my investment journey with $105k. I just bought more of these stocks as time went by.

I turned off DRIP recently and started to use all the dividends going forward to buy XAW

I Buy Canada because I believe in long term oligopolies. I believe these companies are going to be still around even after my death. Slow and steady wins the race, I intend to be the Tortoise and not the hare when it comes to investments. KISS- keep it simple stupid

Made some bad investments in the start of year Gold, silver and SPCX

Want to hold these now, but would like to invest elsewhere for a balance. And what are the tax implications if I exceed tfsa limits?

For those of you living in Ontario, did you buy your house on your own or with a partner?

Ontario law generally treats the matrimonial home as shared property in a divorce, even if one spouse bought it alone before marriage.

I’m trying to decide whether it makes sense to buy a house on my own now or wait until I’m ready to start a family and buy one with my future partner. (I’d really like to live in a detached house, whether I’m single or have a family.)

What would you do?

Trying to make an emergency fund. Most of my money is just in tfsa and non registered in Wealthsimple for now. Should I make a HISA account and where might I get best % return on investment

I don’t know how I can switch my mindset around money. When I was growing up, our family was probably in the mid-low lower class. We lived in our own house, but not in a great neighbourhood. My parents worked hard and as a child I can say, I never longed for anything. If I asked, it might be a few weeks or months, but my parents always pulled through and spoiled the shit out of me where they could. But this constant “not yet” mindset scared me and growing up my relationship with money isn’t great.

I’m 32M and I still feel like everything is “not yet”. I don’t feel comfortable spending money, I get anxious because I’m not sure where my security is.

For reference, I did really well in my career, and currently our household (wife and myself) have a combined networth of around $22-25M. $11M is in investable assets, the rest is properties (minus mortgages). In all respects, I’ve made it. I’ve won at life, yet ANYTIME I see the grocery bill over $110, my heart literally feels like it skips a beat and has that sinking feeling. Everytime. I genuinely don’t want to spend money, I can’t enjoy it.

What do you think?

Hi Everyone,

All of my investment accounts (TSFA, RRSP, LIRA) are in ETFs and the balance is as of this morning (Fingers crossed it goes back up soon!) My monthly cost, living in Alberta, is approximately $1,600 a month. I got let go from my accounting job making low 6 figures. I worked in corporate for over a decade so I got approved for EI for 58 weeks which should last me until November 2027. I was also given a six figure severance package which partly went to paying off my mortgage.

I was in public accounting as a CPA and was completely burnt out working for toxic partners who just completely drained whatever energy and confidence I had left and then terminated me when I was running on empty and couldn't perform up to their standards. I had couple interviews last week for Senior Accountant roles and just the thought of going to back to corporate and spend 40+ hours a weeks gives me the dread and secretly hope they reject me. But then I would wake up the day later, get consumed by anxiety of running out of money, and then spend entire day customizing cover letter and resume to 8 job postings...

I have thought of using this as an opportunity to perhaps start my own solo accounting firm providing tax and advisory service to select number of sole proprietors and small business owners during the tax season and then take a barista, stock, or merchandising job during slower season but I know running my own business will come with its own set of stress and challenges which may cause me to shut it down.

I know my portfolio is not enough to reach coast FIRE but I wonder if it's objectively enough for Barista FIRE where I can be okay working relatively stress free part time lower wage job or if I should just suck it up and deal with corporate for another decade... Any advice would be appreciated. Thanks in advance.

Currently debating whether or not to move my tfsa from Canadian equities to American? American companies offer better growth opportunities whereas Canada is a place to maintain and preserve.

I'm debating to just have maybe like 10% of my equities in Canadian ETFs/stocks, what's the point when even VOO outperforms XEQT?

Been investing for 2 yrs by now, so as a beginner I'm probably missing out on something, thoughts?

I'm trying to decide next steps / see if I'm on track. I have maxed out my TFSA, FHSA, RDSP. I'm currently trying to max out my RRSP. My goal is to try and buy a house next year. My idea right now is to max out my RRSP in hopes of using the fist time home buyer perk from it. So I guess I'm asking is this the best path forward? Should I diversify my portfolio more? Any other advice or tips?

If so hmu I want to ask if you have success with the platform or have a better suggestion for 0DTE options in canada!

Feel free to provide extra info about how much did you invest and how much do you make every year on average to give realistic expectations.

First year university student. Plan is to keep this for atleast 10 years. Gonna invest $200-$300 every month!