22M Looking for Guidance
I’m 22, turning 23 soon, and have some experience with short turn around single stock investing for a few thousand dollars profit when i was 18 or 19 but after an inheritance I’ve decided to start my long term growth.
I maxed out my TFSA yesterday at 40700$≈ with a 100% take in XEQT. I’m wondering what my next steps are, where do I put money next, do I diversify? My satisfaction comes from seeing the number get bigger and understand that putting more money into it is the best way to grow it, but I am still a student in college till August of 2028. I have two 4 month work periods during those times one starting in january of 2027, and january 2028. During that time I will be saving roughly 40%-50% of my income to contribute to my accounts.
I do want to know which account I should open next (RRSP or FHSA). If possible I should fill my TFSA every january? What kind of growth can I actually expect? What kind of things can I do to improve? Really any sort of guidance is appreciated, and helps me in an area I hope to improve in.