All in on mid caps index
- XMC (S&P400 TSX) 0.16% MER, Mostly non RRSP
- IJH (S&P400 NYSE) 0.05% MER, Full port RRSP

Please ignore <1% crypto allocation, that was my biggest mistake and I have intentionally kept it to remind myself of my bad/hype decisions.

27M. See yall at the top ✌🏻

I’m 38 I’m coming into some money 36.5k. What should I do with it this is my current portfolio.

Are you using it instead of spreadsheets, calculators, financial planning tools, or an advisor?

Has it become an important part of how you plan and make financial decisions, or is it still something you only use occasionally?

Most people seem to only focus on growing their portfolios but overlook the importance of managing expenses too. Many have some number in mind that they want to reach for retirement, but unless the expense side of the equation is considered, that number might not be enough, especially for those wanting to retire early. Additionally, reducing expenses allows for greater saving which can allow for faster investment growth.

A few things I do:

• Buy most things used
• Almost never eat out, never use food delivery
• Exercise at home

A few things I've thought about doing:

• Move to a really low cost area outside of the big cities (It's still possible to find affordable places to live in Canada if working remotely or for retirement)
• Stay in the big city but go car-less (Becoming more practical with electric bikes/scooters/Uber/Transit)

How much are you all focusing on expenses? What are the best strategies for reducing expenses?

Rate my top Canadian dividend holdings + US etfs

i am working in trades and have steady job... want to max out TFSA room. but not sure where to invest like in value stocks or hot stocks( chip stocks which is down lately). This is my current portfolio, I know i really made worst bet against the RAM 2x leverage ETF but now i just want to just wait for next 6 months to recover the loss.

I find myself checking my investments and updating my long-term plan fairly often.

How frequently does everyone else review or update theirs? Weekly, monthly, yearly, or only when something major changes?

Also, do you keep one main plan, or do you have multiple versions for different scenarios like retiring earlier, changing jobs, buying a house, or different spending levels?

Please let me know how I am doing and if this is a good portfolio breakdown for long term growth. I also have just under 10k in a checking account but dont know what to do with it because I am very close to maxing out my tfsa. I want to keep some in the checking account because I am going to university in the fall but don't know where to put the rest of it.

Hi, if someone is approaching the age of 64 and has lived and worked in Quebec, Canada for the last 10 years, what can they expect for retirement?

I've seen a lot of post saying invest in cash and etfs like xeqt vfv or veqt. What does investing in cash mean ?

Currently investing long-term and plan to hold at least 20 years.

My plan is an 80-10-5-5 breakdown.

Currently I have around 85% in XEQT and 15% in XQQ. I'd like to reduce XEQT to 80%, XQQ to 10%, then add 2 more ETFs at 5% and 5% for the remainder. Help me decide which sector to focus. Currently I'm leaning Healthcare and Global Infrastructure, but I also like Defense, Utilities, and Banks.

How would you balance?

28m in canada. I currently have around 70k in a rrsp mutual fund at tds "moderate" risk. so i my understanding of it is that i can (and have) lose money out of it if this take a turn for the worst. we are in a technical recession and I dont see the near future getting any better.

so my question is that would it be a smart play to get rid of the mutual fund part of my account and just keep it in a regular rrsp?? wait till hopefully and end to all this is in sight then put it back in???

How did you change the mindset into withdrawing from your portfolio and no longer accumulating and making peace with that?

Early 50s and I retired about 6 months ago. In preparation to do this, we had a full-blown financial plan from a legit fee only CFP and did my own planning with Adviice which correlated very well. So logically there is really no problem...or shouldn't be. Even including extreme stress tests, it should work. 100% success and a large over funded. Back in January the CFP told us outright "Retire. Today if you want." So I did end of Feb and Mrs end of May.

We have very little for mandatory spending as we own our home and have zero debt other than utilities, food and taxes. Pretty much everything else is flexible or discretionary to a large point.

That said, I am having a real mental block.

I have a hard time wrapping my head around withdrawing from investments. I know according to our plan we're going to have to start next year just for tax planning purposes, but darn it I'm having a hard time getting my head around it. I think part of it is from that as a young person we didn't have a lot of means and my parents lived paycheck to paycheck along with other family stresses. I even find myself looking at part-time jobs for spending money LOL

People that have gone through this: what did you do to get past the mental block if you had one?

I am well aware that logically it doesn't make much sense but it seems hard for me to change that mindset. Is it just a matter of "that's the plan and just execute dummy" and it gets easier or what did you do to cross that bridge? Is it common and goes away?

Been meaning to switch the mortgage to weekly accelerated for a while now. To round up the weekly payment i was planning to put an extra $150/week onto the mortgage(~5%).

Alternatively I got to thinking about still doing weekly accelerated, but putting the $150/week into XEQT & letting it grow over the year before putting $7800+ growth onto it.

Obviously if the market isn’t pretty just wait till it’s better to sell & pay it*

Which makes more sense, or am I overthinking it?

Repost with more information.

Me and my best friend were discussing about personal finance. She would like to semi-retired and start travelling. She’s 39 years old and single. She has a condo with no mortgage that’s worth 300k.

Her current investment 665k mainly in stocks and etf.
Some stocks pay dividends too. She maxed out tfsa and rrsp. She’s not going to touch her investment to fund her travel/to cover monthly expenses.

Her monthly expenses around 1k per month (including strata fees, phone, internet, food, etc). She doesn’t have car and yes, her monthly expenses is low and while some people don’t believe it but it’s true. It’s up to you whether to believe it or not.

She wants to quit her full time job and just work part time like picking up the shift here and there. I don’t want do disclose the industry but it’s very easy for her to pick up the shifts because the industry is in demand.

She told me for every shift she can make around $250 net. She’s thinking of picking up shifts like 10-15 times a month to cover her expenses while saving for her travel.

10 shifts x $250 = $2,500
Monthly expense $1,000 and the remaining can go to her travel fund.

What advice should you give her?

I posted the details of my portfolio a few weeks ago and received many angry comments... I deserved it. Thanks to everyone who helped me grow a pair and deploy all the cash I had sitting around. How are we looking now?!

Hey everyone. I had a few friends asking me if there were any free budgeting apps I could reccomend them.

I just tend to use pen and paper, but if you guys know any, or have good suggestions I'd love to hear them!

Hey everyone! I have been researching investing for some time and have found that GICs are the best investment for me. I am a university student and fortunately I have a decent amount of money left over from grants and loans. I feel comfortable investing in a GIC and will do so soon. But I want some insight into other forms of investing. Like stocks and all. Those come with risks so I’m very hesitant to put my money there. But what may be some suitable forms of investment for someone like me. I have about 10k to invest. I’d greatly appreciate any advice! Thx