I contribute around 25k to my portfolio every year so in theory I’ll be around low 200s if the market was sideways and my living arrangements didn’t change for the next 4 years. However i still live at home and definitely don’t plan on still being here when I’m 30. Just wanting some opinions on how I could maybe feel more confident reaching that goal. I have a pretty conservative portfolio right now, would it be worth dipping my toes into individual stocks or just keep doing what I’m doing.

Hey! Throw away in case we I get deeper into detail in comments.

I started investing in the past 4 years. 3ish years now almost on wealth simple. I had placed about 80k in scotia where they had me buy their portfolio and I asked about S&P to which they told me to put a little there and the rest in theirs. That's when I learned banks are BS and they're not there to help me. After almost 1 year there I sold and moved to WS.

My logic was several stocks I believe in. Currently that aims to be a split of 20/20/20/10/10/10/10 but I've let drift this year. Mostly all heavy tech and AI specifically because I am a tech guy who does AI. I have strong belief in it and plan to ride it out for over a decade.

The only other logic to my picks was that s&p felt right for me. But then I thought why not nasdaq? It just follows similar trends but bigger ups and downs. And then after that why not just the mag7? For the same reason? Ultimately I went with the top few I have personal faith in and trimmed out ones I don't trust as much either due to less understanding overall or general avoidance of social media related groups where things might swing due to public opinion / trends.

Other than that. I just buy every year after tax season. And forget it. I'm in a very fortunate position where I can save 10k per month. My monthly expenses with mortgage / all bills is 3200. And my personal spend is ~800-1000/month. I have no car. But I do have a condo with 500k mortgage remaining. (my personal spend is for myself / wife / and occasional covering my friends to help out)

With all that said. I see these broad ETFs doing well in here and logically much safer. I'm not too worried about my current risk. I see it as a high chance to retire earlier or a high chance to watch it burn. We get 1 life so I'll take my shot. If I lost it I keep 100k in hisa for emergency and dip buying funds. I've been broke and happy so the idea that it could all go away doesn't scare me.

I would love the thoughts and advice of those willing to share. Is it understandable to keep on the path I'm going? Or is it a little foolish and a lucky start which I should pivot from sooner than later?

My dream would be to retire at 40 or 45. And be able to support myself and my wife. I'm 32. No kids. And parents whom are completely independent and have never needed my support though I need to be ready for when that day comes as well.

I've posted about this a few times, but I think I'm finally ready to take the leap and commit to a one-year sabbatical, which will essentially mean resigning from my software engineering job. Apart from the burnout, I truly believe the benefits outweigh the downsides. I want to spend time focusing on my health, hobbies, and other personal interests while I have the opportunity. I don't see myself ever facing worst case scenarios like not having a roof over my head or being unable to pay bills.

That said, I'm not planning to sit back and watch things play out passively. If it ever looked like the plan wasn't working, I'd do everything in my power to pick up a side hustle or find other ways to bring in income. Also My wife would have to permanently lose her job too before that remote risk is even on the table.

Any strong objections?

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This dashboard is custom built

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Also assuming savings and returns trend continues until January 31st I wouldn't be surprised if there's another 100K on top of this I may even hit my wanted goal which was just an arbitrary number I put.

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One year spending. We’ve both been working remotely for the past seven years, so we have virtually no transportation costs. Also Wife doesn't drive.

Category Breakdown

10 categories • 446 transactions • $36,022.55 total

Buddy of mine who is a teller (yeah ik) at a TD branch claims that the higher ups plan on TD hitting $200 CAD by the end of the year. How realistic is this?

I try not to too often but it is tempting to see how things are going

Self explanatory, please let me know if it is safe to lock in 4.22 for 5 years. Renewal, ontario, 400k balance. uninsured.

edit: added info

Where does the negative opinions on gold from an investment perspective come from? I understand it hasn't performed like in video but it's outperformed most of the market over that past 30ish years. Were people burnt by gold or something and it's just ingrained in to the investor media?

Not only was gold an excellent investment for me it, just looking at the history of it I learned so much about the financial system. When I would tell people that I was investing in gold they kind of gave me a funny look and a pat on the back as if to pity me.

It doesn’t feel real yet because this includes some of our cash savings account, which I personally don’t count towards fire. But our retirement accounts are just shy of this number as well.

We’re gonna celebrate once we hit the mil on the retirement accounts!

I have money set aside for a condo but due to life circumstances (may move in a couple of years) I will be renting a condo in Toronto if that matters)

I've considered dropping it into dividend payors that would essentially offset most of my rent but know that that is not the most efficient way - tax or otherwise. Assume income is in the higher brackets for the next two year but will drop if I move and FIRE.

Reached $500K threshold as a 28F with my partner who is similar age. I’ve heard it’s much easier to reach $1M than $100K - what’s your advice and methods you used to reach that milestone? I primarily invest in S&P

Currently a reservist in the CAF as a NCM. Graduated this year from university with a BCom accounting specialist. I am currently working at an entry-level accounting position.

Looking into using my degree and becoming a logistics officer if I do transition to be in the regular force.

I have 400k remaining on my uninsured mortgage. scotia is my current lender, renewal coming up. they offered me the rates i said in title on the app. could i negotiate or is this the bottom?

What's a good retirement calculator?

Just wondering if this is considered good. Also, will it grow big enough for retirement?

Just started trading some events on Wealthsimple Predict and wanted to see who else here is early on this in Canada.

What sort of strategies are you trading and what markets are you watchlisting.

Lets chat

The last several months has seen extreme volatility in the bond market in both Canada and the US. The yields have driven bond prices down and the 10 year US bond is a measure of the prevailing mortgage rates. The US mortgage rates are much higher than ours despite the bond market volatility affecting both sides. Am continually perplexed at the Bank of Canada holding rates for so long when there is very likely some pent up rate increase pressure that is not being let out. This concern goes back to the post covid era with the Bank keeping rates ridiculously low while the quantitative easing and billions of easy dollars had been pumped into an economy that had a lack of goods due to the covid trade restrictions. Without a doubt anyone could see the supply demand conflict would drive prices and hence a shocking inflationary spike. That “inflation is transitory” fuckstick Macklem waited way too long then had to hammer the rate spikes to quell this. I think is going to happen again. We are not addressing an obvious fact that the bond market is a canary in the coal mine. The rates should be increased to match the bond yields.

I’ve seen a lot of friends go house poor in the last few years. I’d like to hold on to as much of my own money as possible until entering into the market. Allowing for the market to market without being bogged down by a downpayment / mortgage are top of mind.

Living at home for 3 years post grad helped a ton. Wasn’t making a boat load then, don’t make a boat load now, but minimizing expenses and DCA’s have helped significantly.

Growth/high yield dividend stocks account for most of my portfolio.

Please also give context on your current age, where you plan to retire, if you’ve got a DB pension or inheritance factored in.