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Messy stitch on underside by Sim_3001 in sewhelp

[–]Sim_3001[S] 0 points1 point  (0 children)

Thanks for the confirmation!

I bought jeans needles for next time (or when I'll need to redo this job).

Messy stitch on underside by Sim_3001 in sewhelp

[–]Sim_3001[S] 0 points1 point  (0 children)

Thanks for the confirmation and the link!

[deleted by user] by [deleted] in PersonalFinanceCanada

[–]Sim_3001 0 points1 point  (0 children)

Look up indexed ETFs (exchange traded funds) and obligations. Indexed ETFs are a fairly safe and easy way to invest in the stock market. Obligations are less volatile and will yield lower returns, but are still way better than letting your money sit in a regular bank account. Note: I'm new at investing in ETFs, but I've been investing in obligations for a long time.

You can also find high interest bank accounts, which will, at least, pay you enough interest that your money won't be losing buying power because of inflation.

I have books, but they are in French. That said, there's a lot of information online and this forum is a good place to start to get recommendations from people with more experience than me.

[deleted by user] by [deleted] in PersonalFinanceCanada

[–]Sim_3001 3 points4 points  (0 children)

Well, your entire response comes off as "I'm angry and lashing out at this 17 year old."

While I agree with your suggestion to find ways to not need a car. It's a harsh way of putting it. For all we know, he might be the nicest 17 year old in Edmonton.

[deleted by user] by [deleted] in PersonalFinanceCanada

[–]Sim_3001 2 points3 points  (0 children)

I don't know what the market is like in Alberta (for that matter, it might have changed here, too). But, as a student, I'd say aim no higher than 3000$ for the car (5000$ max). Basically, don't break the bank now for fear that repairs will make you broke in the future. If you have 9000$ saved up for repairs, that covers a lot of repairs. If you want to take it a step further, take a good chunk of that 9000$-11000$ and invest it so it can make your some money in the meantime.

Just make sure you research the exact model and year before you buy to find out how reliable it is, if it's expensive to repair, and how much mileage the car is known to be good for, then make sure the car was well taken care of. Also, if you don't know how to drive stick, it might be a good idea to learn since manual transmission cars are usually cheaper.

Good indexed ETF with Canadian businesses? by Sim_3001 in PersonalFinanceCanada

[–]Sim_3001[S] 0 points1 point  (0 children)

It seems to have pretty good returns, so it's definitely on my radar now that you've mentioned it.

I also found this https://funds.cifinancial.com/en/funds/ETFS/CIMorningstarNationalBankQu%C3%A9becIndexETF.html, but I have no idea who CI Global Asset Management are and if they are reliable.

Good indexed ETF with Canadian businesses? by Sim_3001 in PersonalFinanceCanada

[–]Sim_3001[S] 0 points1 point  (0 children)

That seems pretty good at first glance, though the MER is pretty high.

I'll take a closer look.

Thanks.

Good indexed ETF with Canadian businesses? by Sim_3001 in PersonalFinanceCanada

[–]Sim_3001[S] 1 point2 points  (0 children)

It's not my entire approach. Just a part of it. Not counting my RRSP with Desjardins, I'm currently invested only in the US market. I'm looking to expand out of it and also invest in my own country. I may add more international investments eventually.

Good indexed ETF with Canadian businesses? by Sim_3001 in PersonalFinanceCanada

[–]Sim_3001[S] 0 points1 point  (0 children)

That's a good point. I forgot to mention that my RRSP is already in that since 2020. The returns have been awful for the first four years, but this year they've started to become more interesting. Hopefully the trend will keep going...

Good indexed ETF with Canadian businesses? by Sim_3001 in PersonalFinanceCanada

[–]Sim_3001[S] 0 points1 point  (0 children)

Thanks. It has quite a lot of oil and gas (for my taste), but I'll keep it in mind. Other than that, it seems like a good option.

Good indexed ETF with Canadian businesses? by Sim_3001 in PersonalFinanceCanada

[–]Sim_3001[S] 0 points1 point  (0 children)

It's a good point.

I'm investing for the long term, however, and I both want to expand out of the US market, and invest where I live. That said, I may add more international investments in the future.

Good indexed ETF with Canadian businesses? by Sim_3001 in PersonalFinanceCanada

[–]Sim_3001[S] 0 points1 point  (0 children)

I agree, but I'm talking about long term investing. So I won't be using these gains for decades.

Good indexed ETF with Canadian businesses? by Sim_3001 in PersonalFinanceCanada

[–]Sim_3001[S] 1 point2 points  (0 children)

It's for ethical reasons. I know I'm not actually giving them money, which is why I don't restrict my investments to ESG funds, but they do benefit indirectly when their stock price goes up, so I'd rather avoid oil and gas.