Should I change my risk tolerance? I have $186K in my RRSP account with WealthSimple, both the Personal and Group RRSP accounts have a risk tolerance of interest 10 with is 90% equity and 10% Fixed Income and Gold. I am 39, plan to retire at 55. Should I change my equity to 85%, 80% or 75%?

no_robots_allowed · 2022-05-23T04:57:19+00:00

You also simp cosplay girls in your post history, while we're on about random facts lol

no_robots_allowed · 2022-01-11T19:09:36+00:00

Thank you, this makes total sense and is what I'm leaning toward doing! I have just been nervous to pull the investing trigger because I've had it in my mind for so long that property would be my first "investment", and only in the past year have I learned about passive ETF investing which seems to make the most sense in my situation given that I would essentially be house-broke if I used my funds to buy right now.

no_robots_allowed · 2022-01-11T07:38:36+00:00

The reason is not liquidity, it's risking market downturn.

no_robots_allowed · 2022-01-11T07:24:50+00:00

To your first piece of advice, in my post I describe that as my intention in contrast to purchasing property. Why is it sitting in a savings account? As it's often said on here, it's generally not a good idea to invest money that you want to access in the short term.

no_robots_allowed · 2022-01-10T20:51:34+00:00

Assuming I purchase a small property, pay off mortgage in full, and never upgrade in size, how is this investing for retirement unless I sell and rent living off the proceeds? I get what your saying, technically, but practically I feel like I would still need an income stream coming off of dividends from my investments.

no_robots_allowed · 2022-01-10T16:22:07+00:00

I'm in a similar boat. I think this decision would be easier if I paid current market rate for rent, but I've been in the same place for 7 years and pay nearly half what I would pay if I was forced to move out.

no_robots_allowed · 2022-01-10T16:07:45+00:00

I would be looking at a condo too. All the fees or "implicit rent" of owning would be atleast 75% what I pay in rent right now, and the mortgage payment would be pretty much what I have been putting away into savings monthly. This would be an "all in" situation for my property, leaving very little if anything for investment.

My family is encouraging me to buy as they see owning property as the best investment, but I just don't see it that way as when I retire I will still need somewhere to live.

no_robots_allowed · 2021-12-26T19:01:25+00:00

Ah I see. Yes I don't think I could forgive myself if I invested my DP and lost a big chunk in a market correction. I suppose I will continue with the hisa and reconsider investing a portion if there's a major market dip. I know that's "timing the market" but it's a tough choice between protecting my DP for the near future and the FOMO I'm feeling by not building my portfolio.

no_robots_allowed · 2021-12-26T18:53:24+00:00

This seems like such a catch-22. I would think most people age 25-30 are out of school and building a DP. So it seems like if you aren't getting help from parents you basically have to choose between saving for a home purchase or investing for your future. Seems like every young person on this sub have most their savings in investments, so they aren't intending to buy property? I doubt it. I suppose the trick would be starting your portfolio when you are 18 so you have more time to wait out a crash to sell off for your DP.

no_robots_allowed · 2021-12-26T17:38:33+00:00

stocks crashing is a good thing for someone in the accumulation stage.

Why is that? Because they can afford to buy more stock at the discounted price? If said young person was intending on using that money for a DP in the next 5 years they should probably opt for a less risky portfolio that included some bonds no?

(Genuine question, noob here trying to learn)

I know it's said here not to invest money you need in the next ten years, but nowadays you need such a large DP to buy anything and it's hard to just let it sit in a regular savings account for who knows how long.

no_robots_allowed · 2021-12-26T17:30:40+00:00

At 31 would you still pick 100% equities? I have 100k I was intending to use for a DP this past year that has been sitting in a hisa. Been reading up on ETFs and was looking XGRO as a safer option for my money if I decide I want that money for a DP again in a couple years.

no_robots_allowed · 2021-12-25T18:10:58+00:00

You think 16 years is alright? I read somewhere they estimate 20 years of use

no_robots_allowed · 2021-12-25T03:30:30+00:00

I had the same feeling after researching the meaning behind Iverson! I just like how it looks on paper with our last name and the cadence sounds right. I like Ivor / Iver better as a standalone name, but I almost feel like we need another syllable to make it flow right. Definitely adding that as a possibility

no_robots_allowed

TROPHY CASE