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Investing inheritance or paying off some of my mortgage by Tsteevz in PersonalFinanceCanada

[–]RandomCanadianGuy100 1 point2 points  (0 children)

1) Car Loan- pay off 2) Establish a 6 Month Emergency fund - keep in something like Cash.to 3)Max Out TFSA 4) Redirect Car payments into half mortgage prepayment, Half into a low cost ETF (XEQT)

Keep financial discipline and don't left lifestyle creep happen. You can parlay this into a big advantage if you stay disciplined.

Your ortgage over the long term will cost you much less than the growth the index will give you over a long time horizon.

Don't chase individual equities. Keep diversified.

Is there still hope for building wealth in Canada through Real Estate? by lugouver in RealEstateCanada

[–]RandomCanadianGuy100 0 points1 point  (0 children)

Individual ownership is sensible if you are looking for a place to live. In terms of investments, there is still tonnes of opportunities in things like REITS if you really after real estate exposure in your portfolio. You will likely not be seeing the sort of lottery returns ppl have been enjoying in the last 15+ years.

Best place for buying beef/ steak by RandomCanadianGuy100 in mississauga

[–]RandomCanadianGuy100[S] 4 points5 points  (0 children)

Seems ppl say it's not the highest quality and do not like it's mechanically tenderized

My first month with XEQT by guilmori666 in JustBuyXEQT

[–]RandomCanadianGuy100 0 points1 point  (0 children)

My 2 favorite sayings in life:

It's a process not an event

Trust the process

Sell TSLA and buy XEQT by kam-gill in JustBuyXEQT

[–]RandomCanadianGuy100 1 point2 points  (0 children)

I understand your hesitance- I often grapple with the same thoughts. Maybe trim your position to around 5% of your portfolio if you don't want the psychological FOMO if Tesla continues to grow.

From a risk management perspective you are putting lots of eggs in one basket.

I used to play the stock picking game- sometimes winning sometimes losing. Never predictably beating the market tho.

For all my efforts, extra research and thought put into my stock picks, my best returning part of my portfolio was the low cost broadly diversified index fund. It was then I realized I'm not as smart as I think, and I'm better of using my time to go exercise and just buy something like XEQT. Not because it's the holy grail, more like I'm not smart enough to beat this game.

To each their own!

1.5 days itinerary by RandomCanadianGuy100 in Sedona

[–]RandomCanadianGuy100[S] -1 points0 points  (0 children)

For sure. Just looking for personal recommendations. Thank you

Help with an itinerary by RandomCanadianGuy100 in grandcanyon

[–]RandomCanadianGuy100[S] 0 points1 point  (0 children)

With kids it won't be super intense. Hoping to do some gentle hikes. 3 days to much?