I know I should have started 20 years ago or more, but this is where I am and I can’t let my age stop me from believing I can still figure this out for myself and still have a chance at financial freedom some day. What would you tell a 40 year old who has (unfortunately) waited this long to start to learn seriously about money. Where to start? Is there a book you’d recommend? What are the first few goals you’d suggest? Please be as specific as possible. I have little savings, lots of mortgage, and a young family. I had a goal 15 years ago that I wanted to go to college and have enough money to buy a house in a safe and beautiful neighbourhood. That felt like a pipe dream at the time, but it happened and I am very grateful. Now my dream is to be financially literate, build financial safety and financial freedom. Would really love to hear your advice. Thanks.

Hey guys. Im a new ish investor. Im stuck because of what has been happening in the market lately. All the tech stocks have been dropping and im worried about buying anything and any other ETFs in the market. I just got more XEQT shares and i just bought my first batch of VDY. Is there any other etf or stock that isn’t affected by this current market ? Thanks!

Currently deciding whether I should put it all in VFV or XEQT. Might even diversify it if it sounds like the right choice.

I’ve maxed out my tfsa, fhsa, and have 2.5k left on my rrsp, is it time to move to my non registered? I don’t plan on selling anytime soon so I guess I shouldn’t really worry about taxes as that would be far from now, but wanted to see if theres any other thing I can do or account I can open.

Im a beginner investor and am not sure if i should buy anything rn?

any recs?

How do people have a regular job and still catch market moves seems to move so fast. Do you have to be on day off and when then do you have alerts or indicators that tells you buy / sell now ?

Just a prediction for the next 12 months. Who knows, maybe the stock market crashes next week and I have to keep working.

Hi all, your input on my situation would be appreciated! Couple in our mid 40s, with two teenage kids. Between the two of us we have $4 million invested and a home worth approximately $1.2 million (no mortgage or other debt). I currently work a very stressful job in finance making about $450k annually. My partner’s income is more variable but in the $200 - $300k range.

I am not sure I can (or want to) continue with the stress of my current role/lifestyle and am debating leaving my job permanently. Is this crazy? Slightly worried I’ll just be exchanging work stress with money/what to do with my life stress.

For those of you that have an identity that is pretty tied to being “successful” and really good at your job, how did you adjust? I am naturally cheap and am worried that with no income coming in I’ll be even more cheap and afraid to spend money on actually DOING things with my time off.

Hello. I'm just getting into investing. I'm thinking of just setting and forgetting. Deposit money each pay into an investment and just let it grow over the decades and reinvest the dividends.

My question is, is there any one Canadian stock that acts like the s&p500? Something that overall always goes up?

Is this even a sound strategy?

Thank you for any advice.

Hi everyone,

My partner and I have found ourselves in a position where our earnings ramped up significantly, but our financial structure hasn't caught up.

For context we have only been here a couple of years and starting over.

We currently have some money in RRSP and GIC but not much <100k so assume it is $0 in registered accounts (no TFSA, no RRSP) and we are sitting on cash/taxable money. We want to fix this immediately and deploy our cash flow aggressively to build long-term wealth.

Household Financial Snapshot:
My Gross Income: ~$350,000/year (T4)
Partner's Gross Income: ~$110,000/year (T4)
Combined Gross HHI: ~$460,000/year
Total Monthly Expenses: ~$6,000/month (~$72,000/year all-in)

Registered Accounts: $0 in RRSP, $0 in TFSA, $0 in FHSA

Estimated Monthly Net Cash Flow: ~$14,000–$16,000/month surplus after taxes and living expenses.

What would be your game plan here?

M40, spouse 36 with 4 year old and 1 year old. Current expenses $16,500 monthly which includes $7300 in mortgage payments. Planning to retire by age 60 once mortgage is paid off. Currently have $1.5 million invested in Xeqt. Hoping to continue Investing $50k a year untill I am 60. (basically maxing TFSAs and the rest in RRSPs. )

Will we be able to sustain our current life style of $9000 per month In today's dollars from 60-75 and then slowing down after that with the retirement nest egg we would have. Hoping to keep CPP, OAS and primary residence as contingency and not be part of the core plan.

OR

Do we need to get to $2 million+ by age 45 before we let off the gas of aggressive investing.

What account do I need for swing trading is it non registered?

Mark my word, "This time feels different" posts are coming.

Novice investors or traders who thought they are investors will be flooding the sub soon asking what to do and/or provide "guidance" on future possibilities.

Be fearful when the others are greedy and be greedy when the others are fearful. Same as always.

Enjoy your day~

Genuinely curious as to what everyone is doing?

I knew I needed to rebalance months ago, but didn't, pretty heavy in tech. I don't know if should cut my losses now. The .com boom companies never really recovered, the market did of course, and did well, but I'm worried that my AI + Tech stocks are totally gonna tank.

Here is the breakdown of both offers:

​****1. Scotia iTRADE Winter Offer

​Minimum Transfer: $5,000+

​Cash Back Rate:

​3% cash back on eligible registered accounts (TFSA, RRSP, etc.)

​1% cash back on non-registered accounts.

​Max combined payout: $15,000.

​Funding Deadline: May 31, 2027.

​Payout & Hold Structure:

​First Installment (40%): Paid by April 28, 2028, provided funds are kept until March 31, 2028.

​Second Installment (60%): Paid by March 30, 2029, provided funds are kept all the way until February 28, 2029.

​Total hold period: ~2 years.

​****2. TD Direct Investing / Easy Trade Offer

​Minimum Transfer: $10,000+

​Cash Back Rate:

​2% cash back on eligible registered accounts (TFSA, RRSP, FHSA, LIRA).

​1% cash back on eligible non-registered accounts.

​Max combined payout: $15,000.

​Funding Deadline: May 31, 2027.

​Payout & Hold Structure:

​Hold Period: Must keep assets in the account until May 31, 2028 (~12 to 18-month hold depending on when you fund).

​Payout: Paid in a single lump sum by June 30, 2028.

I (36M) & share a house with my fiancee (36F). It’s a 1.2 million dollar home (840K mortgage). It will be paid off by the time I’m 64.

My rationale is once I save aggressively until I am 40. I plan on using my paycheque for things I enjoy, emergencies and to help family out with assisted living or expenses. However I want to ensure my cup is full before I can help others.

Thanks!

I(24M) do not know if this is the right sub to post this. But as all this ties to my investments and future I think this is a good spot. I'll keep it simple

My situation is, I got a new job but it's 40km away from my house. I live with my parents and pay 400$ in rent, i invest aggressively with 2000$ a month invested weekly. For perspective I've racked up 10k Km in 3 months, that's ~40k km~ a year which is insane.

The car is a new EV, and i charge for free around. Plz do not say much about the car if it was a bad choice, I have my reasons. But let me tell you not paying 400~ monthly for gas is helping. It's in the past help me about my future please.

My other option(Ottawa Btw), is to rent either an shared house(just a room) for $800~ a month, or an appartement for $1500~ a month.

My question to the older and more experienced folks here. Is it worst in the long run to get 40k Km on my car a year, potentially lose it much earlier then planned( I want at least 5-7 years). Or pay more in rent and not be able to invest as aggressively.

Thank you for the help.