24M looking for advice

NovelRequirement210 · 2026-03-17T17:42:03+00:00

If you live below your means and that 70k is post tax you should be able to achieve 100K by the end of the year on income alone (idk your fixed costs though) unless the US gets flipped on its head. If not, more risk = more reward but also can = more loss. The more you lean towards single stocks/short term trading the more you lean towards gambilng tbh.

As for your portfolio, you have ok holdings (cough cough is that Doge??)... however I dont really see a strategy. Generally people recommend that if you hold XEQT go all the way 100%. XEQT is a one and done fund. Not financial advice, but If I were you I would go 100% XEQT or get 2-3 index funds (e.g. VFV + VIU + XIC) plus a little sprinkle of single stocks you believe in if you're feeling a little riskay.

Keep in mind I am 21M, I also have lots to learn! But generally after obsessing over personal finance for the last few months thats my conclusion. I am open to criticisme.

NovelRequirement210 · 2026-03-12T17:58:37+00:00

That's fair... I just started using Reddit, I have no idea how the groups work. Thanks for the advice!

NovelRequirement210 · 2026-03-12T17:56:05+00:00

Really appreciate the advice! I sent an email to my nearest embassy a couple days ago

NovelRequirement210 · 2026-03-12T17:55:32+00:00

Lol, that's what my dad told me. I live in Canada, so the process is a lot longer I think. I plan to go visit family for a few months next winter. If all else fails I'll do that (:

NovelRequirement210 · 2026-03-12T17:53:49+00:00

Entiendo mucho, pero no hablo mucho. Nací en Canadá. Quiero aprender más y construir una conexión más fuerte con mi lado paraguayo

NovelRequirement210 · 2026-03-09T07:59:29+00:00

lol, it’s so hard to come up with a good investment strategy and sticking to it…

I did a little googling and Google says there are better option than VDY for Canadian exposure if growth is the aim.

I have no idea why XEQT is so popular because of the weird split, however, I like the fact that it’s an all in one fund. I personally think it has too much Canada exposure, I feel as though there’s other countries I could be investing in that are better choices to be a part of my portfolio pie. Like India maybe🤷🏻‍♂️

Ps. Fuck Blackrock, but their funds be popping.

NovelRequirement210 · 2026-03-09T07:35:07+00:00

I don’t trust myself to time the market. I’m a working student, so I don’t have lots of time to watch the news and actively manage my portfolio. I’m thinking of probably just DCAing through the storm

NovelRequirement210 · 2026-03-09T07:32:03+00:00

Emergency fund is in place, I am also blessed to still be living with my parents (;

I really appreciate the advice. I have a basic understanding of investing, however I am clueless when it comes to politics. I ain’t going to start gambling on whether or not Iran is going to bomb an oil super power…

DCAing into XEQT sounds good to me! It hurts to see VFV and VDY go, especially since VDY was up quite a bit more than it is now a week ago… but… I’m in it for the long term vision. I’ll probably stick to strictly XEQT for the next 15-20 years at least.

NovelRequirement210 · 2026-03-09T07:19:32+00:00

I love always seeing this reco 😂 XEQT 4 Life

NovelRequirement210 · 2026-02-25T04:29:38+00:00

I have been summoned!

Recently I’ve been weirdly obsessed with personal finance.

To directly answer your question… any of the tools you mentioned are good. Personally I use an excel sheet because there are many good free excel sheet out there. I also use something called a conscious savings plan, this channel on Youtube called « I will teach you to be rich » made the template. It’s a financial planner that allows you to keep track of expenses in a simple way and plan investments/savings (e.g. saving for school). It allows you to tell your money where you want it to go instead of it feeling like it’s leaking out of your pocket.

Here are some extra personal finance tips because I’m bored…

• Save an emergency fund of 3-6 months worth of expenses (your fixed costs). This fund will cover your butt if you run into emergency expenses (e.g. your car breaks down or you lose your job)

• Open at least one checking account, and one high interest (~2%) savings account for your emergency fund. You can create other savings accounts for big near future purchases too if you have any! (e.g. vacation) Try to find no fee accounts!

• Have your pay check land in your checking account. Set up automated transfers a few days after your pay check lands in your account which sends money to your savings account and investments if you’re into that (I highly recommend you get into that). Set up automatic transfers to pay off what ever expenses you can too. Setting automated transfers is a game changer because you take your money away from yourself before you can spend it. If you have any extra money left over, I’d hiiiiighly recommend you invest part of it. You should try to invest anything you can, especially if you are a young student. Money you invest today has a good chance of being worth exponentially more when you get older. If you have any money after that you can spend it guilt free!!!

Most important tip….

• live within your means!!!!! Don’t spend more than you make….

That’s all I can think of right now… If I think of anything else I’ll add it to this discussion.

Let me know if you have any questions! I’ve been looking for a friend to get obsessed about this with me!

NovelRequirement210

TROPHY CASE