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11-23-2013, 06:53 AM
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#1
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Confused about dryer sheets
Join Date: Nov 2013
Posts: 1
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Investment advice
Hi, I've been a lurker on this site and appreciate all the good knowledge.
Can I please get some investment advice? I am interested in index investing but dont know where to start.
Me:
-28 years old
-canadian
-no debt
-150,000 sitting in savings accounts and short term deposits
-80,000 salary before tax
-very low expenses... can save about 40k annual
-for now, living with parents but will move out in the next couple years
Thanks!
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11-23-2013, 07:01 AM
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#2
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Thinks s/he gets paid by the post
Join Date: Jul 2009
Posts: 1,934
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I strongly suggest you get this book and read it. Twice.
__________________
And if I claim to be a wise man, it surely means that I don't know.
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11-23-2013, 07:03 AM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,376
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What are your goals? In other words, what are you saving for?
That will at least partly define what you should invest in.
If some of the $150k is to make a down payment or buy a house, you would want to keep that money in something safe. Ditto if you plan to go back to school or your emergency fund.
Money that is being saved for longer term goals would probably be best in a low cost index fund such as the Canadian equivalent of Vanguard Total Stock or Vanguard Wellington. Since the markets are a bit frothy at this point, you may be best to value average in over time.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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11-23-2013, 08:37 AM
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#4
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Thinks s/he gets paid by the post
Join Date: Jun 2010
Posts: 2,301
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Take a look at the Canadian Couch Potato (canadian focused index/etf portfolios). Follows boglehead philosophy.
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11-27-2013, 10:19 AM
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#5
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Confused about dryer sheets
Join Date: Nov 2013
Location: Port Vincent
Posts: 9
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You are single? Heck live with the parents till they break your plate.
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11-29-2013, 02:19 AM
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#7
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Recycles dryer sheets
Join Date: Jul 2011
Location: Oregon - Dry Side
Posts: 247
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You're young - need to be invested in equities and not in cash.
I would recommend opening up an on line discount brokerage account with the $150K. Take 80% of that , divide it into fourths and average into a ETF like SPY or QQQQ over the next six months. Very liquid investment. With the other 20%, look at investing in individual stocks based on your personal research. Always helps when you have some 'skin' in the game.
With the $40K annual savings, have that amount automatically deposited into the brokerage account on a monthly basis. Every month direct those funds to your ETF investments.
With any kind of market karma and regular savings, plus a few raises along the way - you should have a million in investment grade equities before you hit 40.
Good luck.
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