Personal Finance Canada

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I am a younger Canadian and want to put more thought into investing, and investing in Canada. What would you recommend? (programming.dev)

submitted 5 days ago by plankton@programming.dev to c/personalfinancecanada@lemmy.ca

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From my reading so far I'm looking at ETFs with WS, and that I should start with the TFSA. Am I on the right track and what do you recommend?

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[–] FarFromIt@lemmy.ca 2 points 4 days ago

Congrats for thinking like this when you’re young!(I wish I had!) Yes, make a plan! That’s the first step. Write down your goals (what you want in life and need the money for and when) Then do your risk profile. Then check that you have the basics of personal finance in place (no debts, emergency fund, etc) There are courses and online resources for this. McGill has just updated their personal finance and investing online course!