r/CanadaInvesting

Am I making a mistake to prioritize contributing to a non-registered account over an FHSA?

Hi! I have minimal personal income because I'm in the process of self-employing myself. I've maxed out my TFSA and I'm wondering if its uncommon to contribute to a non-registered? I prefer it over an RRSP because its flexible although taxable. I have no intentions of owning a home in the future and I'd rather have the wealth I generate from the business be used to buy a home....I'm 27 and single.

Am I making a mistake?

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Help

I am feeling lost as I sit here at 40. I don’t have kids and I have a $450K or $3500 Monthly with another 20 years mortgage because it seemed like the thing to do. I have $150K in registered savings, a $100K salary, and about $15K debt in a credit line.

How do I ever retire? Where to even start? I like where I live but I feel I don’t have a good handle on this to see any kind of what’s next.

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u/PermissionDare — 7 days ago

Stupid first time investing decision?

I’m a 21 year old university student who has $6000 saved away right now. I’ve never invested before. I live at home and work so I’ve been able to afford my tuition and have $6000 extra sitting there doing nothing. I won’t have to touch it for at least 10 years or so. What should I do???

I will make sure I have an emergency fund put aside but I want to put this somewhere safe and with decent return. What do you recommend for someone in my position with no investment experience?

I’m worried and wondering if it Is dumb to invest that much all together right now?

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u/Disastrous-Try-7678 — 7 days ago
▲ 14 r/CanadaInvesting+7 crossposts

Ivanhoe Jumped 5.5% After the DRC Ban

Been following IVN after the 5.5% move. The DRC export ban pushed copper higher, but Ivanhoe says its operations are covered by exemptions. Curious whether this rally has more room, or if it was mainly a headline-driven move. Watching how this plays out.

miningfront.com
u/Then_Marionberry_259 — 13 days ago