Investment strategy for mid and long term
Mid 30's, 220k household income, built home 5 years ago, $220k remaining over 20 more years (3.6%x4 years).
We recently contributed 20% lump sum payment at renewal to lower our payment amount per month. We are now thinking longer term investments with the below ETF framework with WealthSimple (all within one TFSA, no risk of over contributing for a while):
ZEQT (100% equities) - Retirement savings 20-25 years
ZBAL (60% equities) or ZGRO (80% equities) - Medium term savings for roof replacement, decks, other large home maintenance costs expected due in 10-15 years
CASH.TO - Short term savings (6 months or less for property tax payments or any other imminent expenditures)
This strategy seems pretty simple and I can't imagine there is anything terribly wrong with it. However, appreciate any opinions and insight I may gain through this post. Thanks.