cross-posted from: https://programming.dev/post/28035609

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?

    • Moose Winooski
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      81 month ago

      OP, do not follow this advice. Housing is for shelter. As an investment, you’re putting all of your eggs in one basket, in one country, in one narrow local area, in a risky market. Even REITs historically underperform the humble broad-market index ETF.

      Do not drink the boomer kool-aid that it’s a magic get rich quick scheme and they’re super smart when in reality, they got lucky.

    • Encephalotrocity
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      71 month ago

      Except when the bubble bursts, or the market turns.

      Buying a house now just before an election, where the subsequent Government will almost certainly take drastic steps to alleviate the housing crisis, is begging to lose significant value to depreciation.

      Buy a house to have a home? Absolutely. Buying one solely as an investment? I’d wait a year to see how the dust settles first.

      • @GrumpyDuckling@sh.itjust.works
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        11 month ago

        Who said become a landlord? Buy a timber tract, invest in home repair, appliance companies, and building contractors. Housing demand is way up right now. Sure there will be downturns, but I doubt there will ever be a Canadian housing bubble.

        • Encephalotrocity
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          61 month ago

          A house is always worth a house.

          It was this tautology I took issue with. I do agree that there are many housing related ways to invest that are far less susceptible to market manipulation.