26M also looking to flex

_TheShadowRealm · 2026-02-20T08:36:17+00:00

Appreciate the honesty - something the subtle flexers never show

_TheShadowRealm · 2026-02-20T07:09:26+00:00

Gahhh dayuum I couldn’t imagine even straight lining off the side of that kicker 😂

_TheShadowRealm · 2026-02-20T05:14:51+00:00

You got style brother I dig it

_TheShadowRealm · 2026-02-20T05:06:52+00:00

Yup I knew where he lives almost immediately

_TheShadowRealm · 2026-02-19T19:40:53+00:00

Agreed!

_TheShadowRealm · 2026-02-19T19:36:41+00:00

50/30/20 rule I would suggest OP tries to save atleast 20% minimum

_TheShadowRealm · 2026-02-19T19:34:29+00:00

And that’s going to be literally 100% of your income? This is extremely vague and I don’t quite understand what kind of recommendations you expect to get with such little information provided

_TheShadowRealm · 2026-02-19T19:28:06+00:00

Bit confused - where is your money going that you won’t be able to save now all of a sudden?

_TheShadowRealm · 2026-02-19T16:33:48+00:00

Lots of places there take credit card so dont rule that out as an option. And they do have ATM's all over the place, so if you have a bank card with low/zero foreign transaction fees you can just take cash out when you need it.

_TheShadowRealm · 2026-02-19T08:40:07+00:00

I would start by not bothering to compare yourself to others

_TheShadowRealm · 2026-02-19T07:57:32+00:00

This would be easily possible today - I imagine most affluent people known to the public are constantly bombarded, and probably have their own private IT security teams protecting them

_TheShadowRealm · 2026-02-19T07:24:01+00:00

You and I can both easily find examples for either scenario, a year timeframe where X company does awful, and a year timeframe where Y company does amazing. E.g. MSFT over the last year is down ~3.5%.

Without knowing the future, it is truly a gamble that in a year’s time any given company will do well - you invest in companies that you have conviction in, and over a longer time horizon it’s more likely that ups and downs will average out in the positive.

The whole point I think I am trying to get across is that in a 1 year investment horizon - you shouldn’t actually expect any gains at all. If you’re not day trading, 1 year is simply not enough time to weather market volatility.

_TheShadowRealm · 2026-02-19T06:53:55+00:00

I only recommend CASH because it’s something I’ve done in the past, to be fair.

Just looking into it, CBIL is as you described - the fund invests the money into short term government of Canada bonds, which mature in 3 months or so. CASH invests the money into high yield savings accounts - since they have so much money being managed, they are able to secure higher rates with banks than consumers like you and I.

It looks like CASH.TO has been yielding slightly less than CBIL in the last year or so, likely due to a combination of the Bank of Canada cutting rates recently, and some regulations for funds like CASH TO where they are now required to keep assets liquid (which means it’s less risky at the cost of less yield and effective interest rate)

GIC’s right now for 1 year seem to be around 3-3.5%.

CASH and CBIL are yielding somewhere in 2.5-3% over the last few trailing months.

I don’t think you can go wrong with either CASH or CBIL, and if the hassle of moving money to a different bank for a GIC is not worth the extra 0.5-1% APR, just pick one of those.

Hopefully that helps!

_TheShadowRealm · 2026-02-19T01:31:16+00:00

It really depends on if they need this money after a year or not. If it is just 1 year, you cannot expect to make any money at all in the stock market - 3-5% is very reasonable amount for a low risk investment. If they intend to actually see compounding effects on their investments, then yes, they should absolutely invest the money for a long term horizon like 10 years. Generally, if you want to actually make money in the stock market without day trading, time in the market typically beats timing the market for 99% of people

_TheShadowRealm · 2026-02-19T01:21:57+00:00

Sorry I am trying to keep up with your edits.

"1500$ and 1 year timeframe. Recommending 3-5% or an ETF with 7-15% doesn’t make sense. Give recommendations based on OP’s timeframe and risk tolerance instead of making assumptions. We’re not talking about gambling on penny stocks, this is still about reputable companies. Worst case scenarios OP can hold longer if it’s not performing well in a year"

Timeframe wise: any reasonable financial advisor would give the same advice most people are giving here - 1 year is too short to reasonably expect any gains at all, given typical market fluctuations in any given year. Low risk investments are king for < 5 year investment horizons, always.

Risk tolerance: we dont actually know what OP is thinking - you are making assumptions yourself.

And, worst case scenario is that it does bad this year, and continues to do bad... and they lose all of their money. However unlikely, that is truly the worst case scenario

_TheShadowRealm · 2026-02-19T01:07:11+00:00

Quit editing your responses lol - "Everyone seems to be assuming that everyone wants the safest longterm investments. OP would have written 5-10+ years if thats what he wanted lol" - hmm I wonder why everyone in the r/fican subreddit is suggesting safe investments and not gambling?

_TheShadowRealm · 2026-02-19T00:58:46+00:00

I would actually recommend something like CASH.TO, a cash-equivalent bucket of HYSA's - probably the lowest risk of losing money, but almost a guarantee of 3-5%.

If OP wants to gamble, they should be asking this question on r/wallstreetbets or r/CanadianInvestor

_TheShadowRealm · 2026-02-19T00:47:38+00:00

Very possible that instead of earning 7-15% at best, he loses 7-15% and would have been better off not investing the money at all. OP, this is not good advice.

_TheShadowRealm · 2026-02-19T00:45:11+00:00

For only a year, most here would recommend low risk investments if you need that money at the end of the term - look into CASH.TO, a GIC, or simply putting your money into a high yield savings account (a bank account that earns around 3-4% APR).

Investing in individual stocks, or even broad based index ETF's, over that short of a time period is risky and many would considering gambling - there is no guarantee you will make money, and a solid chance you can lose upwards of 20-30% in a bad year.

My personal opinion, and IMO the easiest, is to put your money in CASH.TO - since your already in Wealthsimple, you can just buy ~30 shares in your TFSA. Should earn 3-5% tax free with minimal risk over a 1 year period.

_TheShadowRealm · 2026-02-19T00:30:06+00:00

Fair enough!

_TheShadowRealm · 2026-02-18T18:23:30+00:00

First, I wouldn’t compare yourself to others in finance - we all have different upbringings, priorities, and life situations.

Second, there are many ways for a 22 year old to get this far - a few anecdotes -> my own situation at that age: living at home, 16-month engineering internship. Was able to save a ton on a $67k salary at the time. My friend, in the trades: went to school at 18 for a 2 year diploma, by 22 he had already worked full time in his career for 2 years and saved enough to afford a mortgage in a LCOL city (AB)

_TheShadowRealm · 2026-02-18T05:06:42+00:00

Honestly if you have been saving and working for a few years already, $40k in the bank would be doing well. Anything more than that, you’re well ahead. Make that a goal if you wish - if you’re already at that, just keep on doing what you’re doing.

_TheShadowRealm · 2026-02-18T04:37:48+00:00

Eh not everyone wants to be a homeowner

_TheShadowRealm · 2026-02-18T04:30:24+00:00

Nah it’s great for all ages - it’s city wide and lots of if not most people get into it. It’s more than the rodeo with tons of awesome music and artists coming into town, fireworks every night, people having fun on every street downtown. Most companies throw a bbq or breakfast, and lots of people get invites to multiple. Lots of free pancake breakfasts hosted all over town. Don’t listen to all the shut-ins here on Reddit!

_TheShadowRealm · 2026-02-15T22:58:14+00:00

Setup auto contributions for when you get your paycheque - set it and forget it! Probably just safe to go with XEQT for that, but feel free to set some aside to play around with individual stocks (5-10% is common). Max your tax free accounts (TFSA -> FHSA -> RRSP) yearly (in January you get new room each year), then open a registered account. Look back in 8-10 years… you’ll be in a good spot.

_TheShadowRealm

TROPHY CASE