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?
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?
Long term gains, likely for a first property
RRSPs and FHSA is where it’s at. Now what to tie them to is another story.
Honestly a good adviser at your bank would probably be better suited to help you.
In these times I would probably go with something low risk with guaranteed capital so you don’t lose your initial investment at least. The interest will be lower though.
Edit: I forgot to mention to look up insurance companies as well, like Manulife or Sunlife. They have RRSPs and TFSAs as well with often more and better investment vehicles that bring more returns, but often with no guaranteed capital.
DO NOT take advice from financial advisors at banks in Canada. They are unregulated sales people paid to give advice that serves the interest of their employer.
The only people OP should consider taking professional advice from are flat-fee financial advisors. They will not find them at banks. And they must be flat fee.
If OP is not paying for the advice up front the advice is not going to be in OPs best interest.