r/TFSA_Millionaires

Hi Everyone,

I (26M) have just started a month ago, I had 3.5k to invest and still have 1k to invest. But I'm not sure what my strategy should be in the long run - like, should I invest on a regular basis (monthly or every paycheck to paycheck)? Can you please give me some advice or refer any good financial management videos or anything that you think might help me.

I had only 4.5K at the moment to invest. I have started from zero. Last year I didn't have anything in savings but I did save some and did my research on basics like what is a stock and what are the terms related to investing, all that stuff. I didn't know anything before.

I'm not from a well off family, so this is all my hard earned paycheck to paycheck savings.

PS: I know most of you guys will advise me to buy XEQT, I appreciate your advice on it but I don't want to take it - in simple words nothing related to the banks. I want to keep everything Halal (free of interest or within minimum threshold).

PPS: I use Musaffa for halal screening of stocks if it helps someone.

Portfolio rocket this week!

I’ve been day trading for a while and just kept loosing money. As of yesterday for the first time I’ve put money into ETFs with $2000 to day trade. Any tips would be greatly appreciated!

EDIT: I’ve condensed my portfolio to 95% XEQT, with 5% money to play with. What should I invest the 5% into? I was thinking Shopify, RBC, or Aritzia.

Been investing for a few years now. Looking to see how I could improve my current portfolio.

Been investing since my first part time job back in high school into ETFs, now I got a full time job in the industry while studying for my career on the side (flight school).

I invest now 20% of my paycheck into the same 3 ETfs twice a month.

I’m going to probably max my tfsa contributions for this year, but was waiting for the ETFs to go down a bit. (Im aware you shouldn’t time the market).

As for next year, I might be able to maximise my contributions at the start of the year in January and get to 20K with the help of my parents too.

Grateful if so of course, but just wanted friendly advice as I’m not an expert by any means in investing.

Edit: as for the 3 ETFs I’m investing in:
55% VFV
25% XEF
20% XIU

My logic when I did my research a few years ago was to keep it spread out, look for a good etf for the American market, one for the Canadian one and one for the rest of world.

Is my TFSA portfolio too risky considering my average price, positions and age? This is for long term investing purposes to use for retirement around 55-60. Any advice would be appreciated.

Crossed it a couple months back but whenever I checked I was always below the value.

Finally was able to catch a photo of the $400k mark!

Its been a goal of mine for a while and luckily (due to some riskier investments in stocks like SNDK, MU, IREN etc) I was able to hit it earlier than expected.

Just thought id share.

I know im probably behind for my age but im really proud of my results

23M, all of this was hard earned and bought myself outright a 2025 Hyundai Tucson last year which set me back just north of 50k. I live at home, have no major monthly expenses and just trying to maximize my value being young and financially responsible. Just trying to grow to eventually see 7 digits

I’m not entirely sure what I’m doing but I see green so I’m doing something correctly. (My dad helped me alot) I still have 30k sitting in non-registered, not sure what to do with. Do I drop it all in on XEQT? What’s the play here?

I know the money I’ve put in is low but I’m looking to put in more.
I want to invest it in a different variety of stocks but I’m unsure where to begin
Any help would be appreciated!

I just started investing 2 weeks ago do you guys have any tips for how to invest and to get gains more quickly?