So I’m turning 18 in couple of days and been living in Canada with a below middle class family and I wanna start investing for the future. I have a part time job (contract) I have at least 1.4K saved up at the moment, and I am planning on investing with the upcoming paycheck and also bit of the 1.4K. I need help on finding the best place to go to invest and build progress so I can be financially stable with the career (that I’m gonna start studying next year).
Turning 18 soon and need investing tips
byu/ComparisonRude7208 inpersonalfinance
Posted by ComparisonRude7208
2 Comments
Warren Buffet’s famous advice is to “put 90% of your savings in a very low-cost S&P 500 index fund,” which is one of the most popular ETFs on the market. He further recommended that the remaining 10% be invested in short-term government bonds.
I can’t stress this enough, useful investing tips is the one that is the most boring: increase your income, control your spending, invest the rest into low cost index fund.