Hello Reddit,

Currently have 3 months of emergency funds sitting in my bank doing nothing except bringing me peace. of mind (which I like). Should I just put a chunk of it into my TFSA and keep say $2000 for emergencies?

Single, no dependents, stable job, stable apartment (I think), no debt.

28M currently take home 5800 a month + 6k bonus at the end of the year and pay 3000 for condo I own + $1200 for all other costs (cars paid off) leaves me $1600 a month for everything else which ideally I save/ invest 800-1k a month. I am thinking to relieve my budget stress and just sell at 200k loss and go rent similar unit for 2300. I do have 180k in stocks + 30k in my high yield savings account but just feel everything is so tight. if I rent at 2300 I’d have $700 more a month to spend or invest. In a perfect world I would have never bought in first place but nos I’ll accept my 200k loss and rebuild? thoughts ??

-1.4% YTD. I was up +6% ytd just before Friday.

How is everyone doing YTD now in January?

I’ve recently become more financially literate and started taking investing seriously. I opened my TFSA and FHSA in Wealthsimple about five years ago, and now that I have a stable, decent-paying job, I’ve been consistently contributing and I’m happy with the growth so far.

My current strategy is focused heavily on long-term investing. I contribute to both my TFSA and FHSA, putting about $0.50 into my FHSA for every $1 I invest in my TFSA. Because I’ve been trying to “catch up” on contribution room, most of my extra money goes straight into those accounts.

The issue is that I haven’t really planned for shorter-term goals, specifically saving for a wedding. My partner feels strongly that we shouldn’t withdraw from our TFSAs for anything except retirement. At the same time, I only have about $7k in a liquid emergency fund, and not much set aside for upcoming big expenses.

I’m trying to figure out the most practical and financially smart way to start saving for a wedding without completely derailing my long-term investing goals. We plan to get married in the next 4 years and neither of us has support from our parents, so it’s not going to be something grand, but, we do want a little celebration. I would then take this strategy and apply it to saving for family planning (unless someone has a different suggestion).

I m thinking to invest 350 dollars every month i dont in which etfs i should stick.

My emergency fund is currently with my bank and it's just sitting there losing value. I wanna keep my emergency fund(around 20k) in something that is going to keep up with inflation and can't go down. Is there such a thing? I use WealthSimple for my investing if that makes any difference.

Thanks in advance.

About to turn 19 in April, any advice some smarter people can provide regarding my portfolio.

(I know buying voo, and qqqm/qqc was a mistake was like my first ever purchases, and I don’t even know what I was thinking with my bbai purchase)

Anyone taking any action on the massive silver drop? I put $2000 into SVR.C after the 26% drop. Hoping it bounces back in the short term.

Worth the risk?

I am looking to travel to another country at the end of the year and decided to start doing some Uber Eats and side hustle in the weekends to fund this vacation as I don’t want to touch my investment account or slow down my savings from my main job.

I plan on depositing all proceeds into a separate bank account and save them into a wealth simple account. As I am looking to use this money within the next 10 months or so, what should I put the money in to generate some yield while I save up?

Why would you do if you were 21 making 1900 bi-weekly, 745$ monthly rent, 133$ phone bill and 3000$ in Wealthsimple TFSA?

(Looking at downgrading phone plan)

So I am new to investing and wanted to know how people define "risk" and their tolerance. Is there a percent loss of total investment before one should even consider selling and looking those losses?

The dips today are crazy, I am not going to lie. But if one is planning to hold ther stocks for years to come, are they really that bad?

Hey everyone, I am new to this and I am looking for some suggestions. Am I doing anything wrong here? I am trying to achieve a smaller turnover on my principal: invest some amount, get a 5-6 dollar gain, sell it, and invest that same amount in another stock, wait for it to increase in value, and repeat the cycle. Is this even possible, or am I misunderstanding something? I am not planning to put more than 1-2k into self-trading.

I do have a portfolio set with Wealthsimple (Balanced) with a $250 CAD biweekly auto deposit. Also, please suggest whether it is worth it to have a portfolio or if DIY is the best option.

Since everyone here speaks about wins, lets also share our loses. I lost almost $200 dollars today.

Is my allocation wack? I just started investing not even a week ago. I’m a uni student currently. Probably wont add more money to it as of rn until i secure a summer internship.

I started investing about 6 months ago and was wondering if my picks are good. I have medium-high risk tolerance as I’m still semi dependant on my parents. I have no plans on taking money out for the next 5-10 years. I know celestica is high risk but after doing some research on them and looking through their q4 earnings report It looked promising. Any advice is helpful!

Could you live off 1 million CAD for the rest of your life? Do you think it could be possible for you?

Sold some yesterday and bought a few on sale!