Dear Canadian beginner investors:
You do NOT need thousands of dollars to start investing.
You need:
- A TFSA
- Consistency
- Patience
Thatβs it.
I use Wealthsimple for my investing journey and they currently offer a signup bonus through referral links ππ¨π¦
wealthsimple.com/invite/XIALβ¦
Start early. Your future self will thank you.
Most people say theyβre βdoing fineβ financially
Until a random $2,000 emergency shows up.
Then the truth comes out.
How prepared are you really for a $2k surprise expense?
Best advice for Canadian investors:
π¨π¦
Automate your investments.
Increase the amount every year.
Ignore the noise.
Thatβs it.
Everything else is just noise that makes you poorer.
What's the highest conviction stock in your portfolio right now?
The one you genuinely believe has a chance to overperform over the next decade.
Mine is $MDA.TO π
Good morning and Happy Monday! βπ
We're opening the week in the green today.
Let's hope the momentum continues and gives investors a strong start to the week.
Have a great Monday everyone! π
BREAKING: US stock market futures surge after Pakistan announces that the US and Iran have reached a peace deal:
1. S&P 500: 0.8%
2. Nasdaq 100: 1.3%
3. Dow Jones: 0.6%
4. WTI Crude: -5.0%
5. Brent: -4.0%
6. Gold: 2.0%
Pakistan says the peace deal is set to be signed on June 19th.
If you invested $100,000 into Bombardier a year ago, youβd be sitting on more than $200,000 in profits today.
Meanwhile, most people spent that year waiting for the βperfect timeβ to invest.
Time in the market beats timing the market.
$BBD.B
The investors who donβt dread Monday arenβt the ones glued to charts all weekend.
Theyβre the ones who stayed committed to their process, their habits, and their long-term plan.
Wealth is usually built quietly.
Small actions compound.
π¨π¦ Hey Canadians do you want to see compounding actually work?
$200 every 2 weeks into $XEQT.TO in a TFSA
10 years later: ~$78k
20 years later: ~$247k (tax-free)
Your money starts compounding on top of compounding.
Whatβs your current bi-weekly amount into $XEQT.TO or $VEQT.TO
Whatβs the one investing mistake you wish someone had warned you about sooner?
If you could sit down with your younger self for 5 minutes, what advice would you give?
π€
Soccer, understandably, is everywhere. So get a kit fit for the park, pitch, or the airport (cough, Billy Bishop). No restocks, so act fast.
shop.wealthsimple.com/en-ca/β¦
FHSA hack for young Canadians:
Open it β contribute up to $8k/yr (deductible) β invest in $XEQT.TO or $VEQT.TO or $ZEQT.TO
Grow your money tax-free and pull it out tax-free for your first home.
Simple, diversified, and powerful.