Need Advice - 23M, 320k liquid - Want to Invest, Want to Buy House
Been working logistics for 5 years, full commission, large private company. Live at home, have a paid off 21’ Camry, zero debt.
For context I am about 150-200k per year, should be 200-250 in the next year or two (good at what I do, and work is 99% of my life)
Went full liquid a month ago with plans to buy a family home, that has been put on hold, doubt it’s going to happen.
I have $320k CAD in cash. 45k TFSA, 55k RRSP. Rest in general savings.
Want to get more in the market, but scared I cant play the long game until I own a home, especially if market takes a dive around the time i need/want to buy a home, most likely on the open market.
Do I put all my cash in a 2% mutual fund, wait for a dip on the market and do it my self (xeqt or something similar)
WHAT DO I DO
Note, of course the smartest option is to live at home as long as possible and save money. But I have been making great money for years, at some point it’s natural to want independence.
PS I KNOW I AM FORTUNATE and it’s a 1st world problem but idk what to do. I had zero family or friends connections to make it here, and want to make sure I maximize my “wealth” so I can try to make my families lives better (and my own) as I get older