Having a diverse portfolio of investments and assets is always a good thing to think about when planning your investment strategy and hoping for investment portfolio growth. For me, May and June showed how that diversity can help mitigate some of the risk associated with investing. After taking a big hit in my riskiest investment (cryptocurrency) and digging into my savings for a big purchase, I was able to offset those loses with the stability of my index investments, as well as my property value. Let's take a look! Overall Assets TFSA TD e-Series Index Funds There still seems to be …
Managing your personal finances isn’t easy
Let’s Talk About Money is a personal finance blog that uses concrete numbers to talk about making financial decisions, and how to become a ‘Do-it-yourself investor’
Let’s Talk About Money provides a place to talk about how to make smart decisions with your money, and how you can let your wealth grow over time. There are no definitive answers when trying to figure out what to do with your money, but hopefully my example can provide you some insight and direction when you make a decision.
I look at investing using index funds, Tax Free Savings Accounts (TFSA), Registered Retirement Savings Plans (RRSP) and Mutual Funds, and try to provide guidance based on the questions I had as I got started. I also look at tracking your money and making smart day to day decisions that maximize how far your pay cheques go, and how to really make your money work for you.