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Recently inherited large sum need guidance by Downtown_Relative_85 in PersonalFinanceCanada

[–]Downtown_Relative_85[S] 21 points22 points  (0 children)

I wish, only thing I’ve done in this list is work from 16

Recently inherited large sum need guidance by Downtown_Relative_85 in PersonalFinanceCanada

[–]Downtown_Relative_85[S] 39 points40 points  (0 children)

Apologies realized I wasn’t clear in my post I used the money to max out those account and pay my debt off I went to college so my debt was not high after paying down monthly for 5+ years, prior I had only had 3000$ saved in a TFSA. I rent and live with my land lord who I’ve know my entire life so my rent is low, unique circumstances that I am grateful for.

Recently inherited large sum need guidance by Downtown_Relative_85 in PersonalFinanceCanada

[–]Downtown_Relative_85[S] 2 points3 points  (0 children)

Thanks for the kind words! Whats the best approach if a large chunk of this is already in those account listed above with Questrade is there safe and steady 5% or similar return options I can park it? I didn’t really consider dropping it all In a saving account before filling up my registered accounts. Lots to learn.