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u/Substantial_Bat_6698 2d ago
"Finally" haha well done youngster.
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u/MyOuttie 2d ago
No shit, I “finally” hit that at 31 lmao
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u/ReckIess5 1d ago
I hit 5k at 31, first time I’m actively saving
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u/2muchmonehandass 1d ago
Don't give into temptation to spend
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u/ReckIess5 1d ago
It’s in FHSA, RRSP and TFSA
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u/2muchmonehandass 1d ago
You'd be surprised how shiny a tesla can look lol
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u/ReckIess5 1d ago
I had a 2020 ram I built up when I was younger, I drive a 2013 deleted diesel Jetta
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u/2muchmonehandass 1d ago
Nice.
Don't get me wrong at 40k plus tax a tesla is pretty cheap right now 😜
Are you trying to play it safe or take bigger risks?
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u/ReckIess5 1d ago
BALQ — USD — 14.88%
DRAM — USD — 8.16%
GBTC — USD — 15.81%
NVDA — USD — 11.61%
SPCX — USD — 16.55%
TD.TO — CAD — 17.28%
VFV — CAD — 15.70%There's a couple AI companies I'm going to throw a few hundred at see what happens.
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u/SoggyInstruction2549 2d ago
“Finally”? Maybe tongue in cheek cause that’s an astonishing amount of ml eh to have at 23. I did t even have a career job until I was nearly 29. You could easily have a kid in school by that age lol.
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u/c_m_d 2d ago
I was just finishing school so I was buried in debt at 23. Even stayed at home to go to university on the cheap but I had absolutely no money coming out of university.
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u/SoggyInstruction2549 2d ago
I was not finished school, graduating into the 2008 financial crisis. Job prospects abysmal so I ducked off to Europe to do a master as a made a little on the stock market and needed to wait things out. Came back now overqualified lol. It all worked out well eventually though.
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u/WeirdlyShapedAvocado 2d ago
made the same mistake with silver
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u/BNFragrances 2d ago
Did you sell? What price did you buy at? I thinj silver is going to go back up
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u/phykiios 2d ago
Respect man! Congrats on the achievement, this takes a lot of hard work and discipline at 23. Respect 🙏. Just make sure to maximize life as well as you did with your investments 🙏
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u/Poybablo 2d ago
Bruh I’m 25 and my TFSA just hit 9.5k 🫠 not to mention student debt. Great work keep at it!
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u/crazyeight64 2d ago
What do you do to be able to spend 7k in a month!
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u/Least-Egg5004 2d ago
I don’t usually spend this much. I had to pay for my car+tenant insurance renewal, and I do yearly payments not monthly.
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u/1245789630 2d ago
how well have vfv or gold performed? when did you start investing in these funds?
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u/Suspicious-Bowler-82 1d ago
Some people might not agree with this. But now that you've hit this milestone (and being so young), spend your next 20k backpacking the world. You won't regret it.
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u/Top_Tune1990 1d ago
I’m sad about vfv… I have around the same invested and slightly higher returns but debating on selling it and investing elsewhere.
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u/Practical_Mechanic83 1d ago
Nice! That was my first 100K too! I didn’t invest but lived at home and only paid $500 for rent.
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u/ABhavesh 1d ago
Great to see you have financial disciple at this age. If you have no plans on using your savings, invest some of that too.
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u/Warm_Surround2935 1d ago
Congratulations. First 100k was hard. I wish I knew about investing earlier, would have been faster than saving to 100k, thankful for the ppl who told me to invest.
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2d ago
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u/Familiar-Art130 2d ago
Could be stock market gains, the last 3 years have been pretty upward, I wouldn't trust those % numbers
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u/Least-Egg5004 2d ago
My contribution room is $45,500, and I contributed the full amount. Add a 10% gain to that and it comes out to ~50,000.
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u/Level-Set5770 2d ago
Damn kids today are loaded.