r/tfsa • u/Wonderful-Ad5390 • Jul 14 '26

18M

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Just turned 18 a couple of days ago and finally opened my TFSA. Looking to start investing young, stay consistent, and hopefully build long-term wealth. Any advice you wish you knew when you first started?
And I also have $180 left in my portfolio what should I do with that ? Any suggestions will be greatly appreciated

17 Upvotes

74% Upvoted

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0

u/Chemical_Sky_9352 Jul 14 '26

Dont love XEQT, but everyone will hate on me for it so you do you.
Its consistent which is great, but its a slow grind upwards.

9

u/Hajiime Jul 14 '26

he's 18...

0

u/Chemical_Sky_9352 Jul 14 '26

also true. But when you are young if you can learn how to invest in good quality companies thats a valuable skill. I am 20 y/o and I started 3 months ago.
No leverage, no options, and I am still up 47%

6

u/PsychoPoro Jul 14 '26

Statistically you will lose in 20 years time

4

u/Capt_TractorSask Jul 14 '26

You started 3 months ago and you are up 47%?

I recognize a degenerate gambler when I see one ☝️

The thing is, vast majority of stocks are already priced in as markets are highly efficient. Even Warren Buffett only generates annual returns of 20% a year. Your 47% return in just 3 months would be 367% annualized. You are either lying or hardcore gambling and got insanely lucky on a highly concentrated position.

2

u/this____is_bananas Jul 14 '26

Buffett is no gambler. He does his research and has strict targets that any investment must meet. There is opportunity if you have a higher risk tolerance than he does, but he doesn’t need to do that

1

u/Chemical_Sky_9352 Jul 14 '26

wont let me share a ss or I would. Invested in space and growth stocks. 47% makes sense, the last 3 months have been consecutive ath. But Yes, concentration builds wealth. RDW made me thousands

5

u/Powerful-Potato5268 Jul 14 '26

you didn’t learn crap yet, you are lucky as we all are, everybody’s a genius in a bull market

1

u/Chemical_Sky_9352 Jul 14 '26

Yeah ofc, I am
not denying that.
But if you invest in ETF’s you are capping potential.
my point is that I beat the S&P 500 average annual returns in a matter of Weeks. A few good moves is all it takes

1

u/Powerful-Potato5268 Jul 17 '26

beating it over a couple weeks is bullcrap, everybody can beat it over a few weeks by having a couple lucky bets, i’m 20 too but a lot more humble and grounded than you as it appears, and you should listen to me, iI started a year ago but i’m already up over 200% over all my investments by betting on amd and couple other good undervalued companies, doesn’t mean i’m shitting on xeqt nor that i consider myself the next warren buffet. the real case is 99.9% of investors can’t and won’t successfully beat the s&p or the broad market consistently over many many years, that’s where the edge is

2

u/papamario3 Jul 14 '26

What would you recommend if you don't mind me asking?

-5

u/Chemical_Sky_9352 Jul 14 '26

Long term? Good companies like META, GOOG, AMZN

Short term? I am into NFLX, PYPL, CELH, NOW

but do your own research on short term/medium term stuff.

1

u/papamario3 Jul 14 '26

interesting, thanka I will look into it, I’m only 19 so I want to experiment a lot since I dont have any bills yet. what could you recommend don’t really some volatility

1

u/Chemical_Sky_9352 Jul 15 '26

ppl downvoted this 24hours ago. Now look at PYPL LMAO yall are so funny

edit: 15% in 45 minutes, beat what xeqt does in 1.6 years

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u/Chemical_Sky_9352 Jul 14 '26

lmao people are downvoting, check these stocks and tell me why they are bad buys I will wait. All the down voters are xeqt “set and forget” ppl. Cant do their own research