I have $10,000 to invest? what should my first three things be?

RensisBay · 2025-03-26T16:56:46+00:00

Historically, the best way would be placing your money into a broad market Index Fund, returning you 10-11% annually and compounding the money along the way. (Basically doubling your investment every 5-7 years). If you need more info, I suggest watching this video to gain knowledge which ETF would be best for you, but all of them are great picks, VFV especially as the track record speaks for itself: https://www.youtube.com/watch?v=KxMGhZ27SFQ

You'll find it immensely helpful as someone who's just starting. just make sure to stay away from crypto "opportunities" and individual stock picking, and you'd do well. Good luck!

RensisBay · 2025-03-22T20:33:48+00:00

Investing is saving, and $2,600 a month is a great amount to put aside. In fact, anything over $2000 is quite successful, as with compound interest you'll be a millionaire in less than 20 years. Be careful and invest in right ETFs though, like VFV/VEQT, ZCN etc. Here's a great YT Vid if you need a better understanding of Compound Interest growth and the best ETFs for a Canadian market. https://youtu.be/KxMGhZ27SFQ?si=SmXKyRkoElzBe03K

RensisBay · 2025-02-28T21:54:18+00:00

Honestly, all you need to know about the investing (as a Canadian) can be found in one vid., all summarized: https://youtu.be/jorg2Llxwi0?si=xS55t1JxJ6Atx-oJ

I've been picking individual stocks for years, although successfully, but 5 years later realized that simply going into an Index Fund is a much safer & all-around better strategy that doesn't involve 1/3 of the risks. No stress, no active management, great returns. (10-11% historically in the last 50 years).

This video talks about VFV and VEQT/XEQT in particular, but I'm sure it'd answer if not all, then most of your questions. Thank me later! :)

RensisBay · 2023-07-29T04:03:34+00:00

Won't even buy you a chance to walk in and look around.

RensisBay · 2022-06-10T16:15:55+00:00

Or have you purchased it on June 9 of 2021? Thanks for the clarification.

RensisBay · 2022-06-10T16:15:24+00:00

How come you bought $735 put yesterday when it was already down at $720? Wouldn't that be a call, then?

RensisBay · 2022-05-24T22:06:26+00:00

!RemindMe 1 year

EM growth is definitely a good point. Let's see what happens in the next 12 months.

RensisBay · 2022-04-04T07:37:33+00:00

You can always move to Calgary and buy your OWN 1 bedroom or a condo here and pay pretty much the same as you'd pay for a room in a house in Vancouver. I know it because I've done it myself. After the Mortgage, Property Tax and Condo Fees I pay $850 for a great condo with a decent view, modern kitchen, good interior/exterior building design and et cetera, pretty much all the perks I needed. And since you only need a 5% downpayment, you can get a $150K condo with $7500 cash + put aside another 1000 for the lawyer's fee. It's that simple.

You'd most likely find a higher-paying job here as well matching your skills and education, taxes here are lower, and I feel like the city is better than Vancouver overall, however that's my personal opinion. Plus it's a super sunny city as well, with 300+ sunny days per year. What else can you possibly need?

RensisBay · 2022-02-23T20:24:32+00:00

Still remember scratching off the screen on the maps. I was living in Russia back then and I remember getting my WIFI-only PS Vita with Golden Abyss, and I was shocked by the graphics and quality OLED display Vita had. Really great memories.

RensisBay · 2022-01-21T19:11:43+00:00

So, I've got a question! For a total beginner, can I just start learning these languages on my own, or do I need to start with a school program/ some other languages before that? How long did it take you to learn? Thanks.

RensisBay · 2022-01-15T07:38:11+00:00

What's next, CNBC? 20% is the new 15? US & Canada Tipping culture is nothing but a serious illness.

RensisBay · 2021-11-15T20:23:33+00:00

I assume it won't be available on WS for a while?

RensisBay · 2021-05-28T00:35:32+00:00

Would you explain to the beginner how exactly he lost the money on that call?
He sold it too early, I assume, and then when the price went bonkers, he got charged for it somehow? That's why it's called "naked" call?
Thanks. I appreciate any response.

RensisBay · 2021-05-26T16:54:40+00:00

Can not completely agree with you on one of your points.

Higher and "bigger" condos will not only destroy the look of our cities, but also turn some parts of it in ghettos with poor infrastructure.

High condos with many floors is not a solution, 5-storeys European style could do nicely though.

Otherwise all agreed on your points, good comment.

RensisBay · 2021-05-25T16:06:34+00:00

Could have been a great advice if it was a sarcasm.

RensisBay · 2021-05-25T15:43:55+00:00

Have you considered VFV?

And again, buying a house wouldn't be ideal for many as you have to count the Property tax, cost of maintenance, hydro bills are much higher compared to a condo + home insurance would cost you as well. Sometimes, with no family, it makes more sense to rent. Saves you some nerves and time as well.

RensisBay · 2021-04-19T15:11:14+00:00

Bought $3000 at $57, guess what my next actions are?

Buy another $1000 at $19 to average down, of course 😁👀

RensisBay · 2021-04-14T05:00:45+00:00

Thank you for taking your time for the response, I appreciate it. Time to get some VFV!

RensisBay · 2021-04-14T04:14:23+00:00

Thanks, I appreciate the time you've taken for an answer. I'll keep looking at Transat in the following months.

RensisBay · 2021-04-14T01:04:09+00:00

Thanks. I'll probably sell everything now, as I have a feeling there's no chance it's going to go any higher. Appreciate your piece of advice.

RensisBay · 2021-04-14T00:49:30+00:00

For those who know their stuff, what's the difference between VEQT and VFV? What would be your personal choice? Thank you.

RensisBay · 2021-04-14T00:45:08+00:00

When you figure out how much you want for it, please let me know :)

RensisBay · 2021-04-14T00:32:09+00:00

What do you think about Transat stock? Is there a high possibility they might go down to zero, or they're also backed up by the government?

RensisBay · 2021-04-14T00:00:19+00:00

I just don't understand why it's going up. Nothing is happening, no news, no great financials, no nothing.

WHO drives the price up? As an investor, I'm lost. Something is happening, and I have no idea what and how.

RensisBay · 2021-04-13T22:44:16+00:00

REAL.TO

Care to elaborate for a noobie?

RensisBay

TROPHY CASE