Hey guys, am 43 years old. Married and two kids. Yearly spend is ~ 60k/year. Hustled and worked my butt of the past 15 years as an associate dentist and have accumulated close to 1.2 million in my Corp and 750k in RRSP, TFSA, RESP, and brokerage. House is ~ 1 million and paid off. So close to 3 million NW. Have been working 6 days a week for the past 15 years and have a spouse that also works 4 days a week. Have saved all of my income these years and have just lived off of her income. Just found out the owner sold the practice to another doctor, without a heads up, and am not going to be brought on.
I am quite shocked and stressed to say the least since I wasn’t given a heads up. Just feel disrespected…..just feel numb.

My plan was to coast fire and work a couple days a week until 50 and let our investments grow. We’ll be living off of my wife’s income for 6 years and hopefully invest close to ~100k/year during that time frame.

I guess I’m just in shock and was not expecting to be laid off. Maybe it’s just a control factor and leaving on my own terms. I’m still worried that as the kids, 6 and 4, get older our household expenses increase and we didn’t save enough. Maybe 100k spend would have been safer in the future vs the 60 k we spend now. I just don’t know what to think :(

Hi everyone,

I’m 23, living with my partner in Canada, and currently making around $30k/year. My income is tight, but I occasionally get some financial support from my parents for essentials/savings.

Last year, I was $3k in debt with zero in the bank. I learned my lesson, cut back, and managed to save $9k, which is now sitting in my account.

Since inflation is eating into my savings, I want to make my money work. My goal is to start my own business soon, and I’ve been studying entrepreneurship.

I would love to get your tips, advice, and strategies for a beginner on:

- How to start investing and buying stocks
- The best way to structure my savings
- Tips for launching a small business on a low income

Thank you so much for your help and knowledge. Wishing you all the best!

Right now I'm holding XEQT and VFV, plus a small satellite position of about $800 in BTC.
I was reluctant to open an account with digital platforms like Wealthsimple at first, but I'm glad I finally took the leap. Even with the market dropping the ball the other day, I stayed in.
Honestly, I still feel like I'm behind, and not many people in my circle invest, so I wanted to share my journey. My goal now is to reach $30K invested by the time I'm 30, God willing.
Any advice from people further along? What would you have done differently in your first year?

I am over my toxic, high stress job and long hours. I am 48 and have been at this job for 23 years. I could really up the suffering a notch and probably retire to a lesser standard of living and get out at 55. Or work til 58-60 and have a very nice retirement. Or keep going for another 15 and have a fantastic retirement.

I would rather eat uncooked porcupines.

Thinking work til 55, take a year off, retrain in something I’m interested in, that will likely pay 25% of what I make now, and do that for 3-10 years depending on my mood, how much I like it, and how poor I’m feeling.

Is that crazy? I am dooming myself to being poor and having no money for enjoyment? Should I just suck it up?

I am reading all the great stories here in reddit and I am very happy for everyone.

I feel I have a different story to tell.

46M married woth 2 young kids. Both myself and my wife switched jobs here and there in our 20's and started a more stable career only in our 30s.

We are paying a mortgage for a condo and have finally reached 100k in earning. We are not able to save much. We only have 100k each in our TFSA and no other investment. I find it very hard putting aside more than 1.2k a month.

I feel I will be working forever.

Is there anything else that can be done to put myself in better position.

Should I keep investing in equities, ETF's or should I go into real estate investment?

Any advice is greatly appreciated.

hi!

i’m new in this stuff. i was just wondering if it would be a wise decision to move my savings to my investments? bank gives me a few cents each month so it really doesn’t do anything to my money.

i’d appreciate your input!

edit: i’m 22

I’m 16 years old and wanting to invest, I am going to invest a few thousand dollars and then set up a recurring billing cycle of around 100 a month. Around 80% I think should go to XEQT or Vanguard S&P 500 and around 20% to companies like Microsoft or Nvidia. I’m hoping to get your advice as I know very little but am happy to learn. Thanks.

I should’ve been way further ahead given that I was gifted a pretty good job when I was 19 but instead, I decided to party a lot and travel a lot and not see if my money properly up until the last couple years.. moved out at 25 because I didn’t wanna be living with my mom anymore and that also feels like a lost opportunity to save my money given I have friends that live at home who owned properties … IDK I just feel like as a man I should’ve got the fuck out so I did!!

There’s my finances in the link attached.
The stock portfolio at one point doubled during the bull run last fall, but I didn’t take advantage and cash anything out and then I sold stuff during some of the dips this year. biggest regret was not selling MSTR when I was almost 200% on it and then watch it crumble back down to the to sell it at breakeven and then sell my pltr for like a 30% profit.

Earlier in the winter I made almost $30,000 gambling and I stupidly FOMO’d into silver/gold and as you can see, I have gotten absolutely smashed. Of course I haven’t sold silver and im holding it….ended up selling the gold when I lost some of that money back to the casino…. No I don’t gamble anymore FYI.

What should I be doing to further my investment? I work in entertainment so right now I’m out of a job but when I do work, I make pretty decent money… last year I’ve pulled in 175k and this year. I’ll be lucky if I hit 80k that’s how fucking terrible this industry can be. Have ei till next august if needed.. always applying for gigs usually something comes up. Although it’s unusually slow for Toronto, film biz rn if you know you know.

I pay the standard Toronto rent for a condo and the only debt I have is my car lease.

And I do like to travel , and I do have a dog… and a girlfriend lol

I do have money coming my way but there’s no confirm date. I’m waiting for a $30,000 payout from a class action lawsuit and there will be inheritance coming down the line but not anytime soon so I just wanna maximize my investments so they work for me obviously I have some money here, but I feel so bad when I look at people in this group people younger than me that are hitting these goals and doing so well.

God bless all of you

Wanted to set up one of Wealthsimple's auto balancing accounts. Figured I'd ask what people thought of something simple like this before I go and fund it.

P.S. As someone who is also on r/justbuyxeqt, I think I showed a lot of restraint lol

Just getting into the realm of investing, and I’m looking for some solid advice on how to invest the first $10,000. The goal is to essentially build this portfolio long term.

I know what almost all of you are going to say…. XEQT. Totally understandable and definitely where I plan to invest majority of my first contribution. However, I am looking to invest into more than just one ETF.

Also interested in gaining some solid dividends that I can re-invest into my portfolio.

Looking for feedback on
- Endbridge (ENB.TO)
- Canadian Natural Resources Ltd (CNQ.TO)
- Physically Backed Gold
- NVidia Corp (NVDA)

Open to any recommendations / advice.

So happy with some news that can’t be shared with anyone in real life. 700k after the market close feels surreal after basically working nonstop out of university 15 years ago. With about 100k in home equity and 100k in my cars, it truly feels like I’ve hit the target.

I grew up in a poor and frugal family, I don’t think I’ll ever shake off ingrained habits like analyzing prices on a menu and mass stocking up on groceries that are on sale. BUT I’m also looking forward to a new way of life and spending most of my leftover money after expenses and not feel bad or guilty about it!! (maybe starting January haha)

Hey guys, if you missed it, Hut 8 has agreed to a $2.35M settlement with investors over claims that it misled investors about USBTC’s financial condition and the quality of key mining assets. The deadline to file a claim is December 5, 2026.

In a nutshell, investors accused Hut 8 of failing to disclose that USBTC was in much weaker financial condition than presented and that its King Mountain mining site had serious energy and internet issues.
After these issues came to light, $HUT dropped 23%, and investors filed a lawsuit for their losses.

Now, Hut 8 has agreed to a $2.35M settlement, and investors have until December 5, 2026 to submit a claim.

So, if you invested in $HUT at that time, you can check the details and file your claim here.
Anyway, has anyone here invested in $HUT? How much were your losses, if so?

My partner[m32] and I [f33] are sitting around 1.1m when combining our finances, he also has 2 houses that are still being paid off. One with long term tenants and one with tenants until January when we will be moving into it together.

My partner takes home around 130k a year and is an extremely hard worker and great at saving money but I feel doesn’t exactly truly feel the importance of investments and compound interest.

He has 165k sitting in investments that he invests himself, the entire portfolio is up 2500 in 10 years lol.. he unfortunately invested a lot into weed stocks, didn’t pull out and is now constantly shifting back and forth between a net loss and a very small gain because he doesn’t want to cut his losses and move the money elsewhere in case America legalizes weed and they go back up. He also has 180k sitting in cash in his account. In his defence for that he had been planning on buying over 100k worth of shares from the company he works for but due to circumstances this year they’ve decided not to offer shares so now I’m really pushing on him that he has to find somewhere else to put that money.

On the other hand I take home around 40k a year at the moment building up a personal training business which is still building and scalable.
I got about a 100k inheritance at 19 that I’ve had a financial advisor manage since which has effectively doubled in 10 years and is now sitting at 230k between compound and me adding to it.

Our combined finances are:
180k - sitting in his chequing
160k - his own investment account (with essentially 0 return in 10 years)
336k - in his company shares
200k - in his RSP’s
230k - my investments
17k - in my chequing

Which puts us as at 1.1m, our FIRE number is around 2.6m which should be more than realistic at this point but currently 357k of that isn’t making any kind of compound interest which I know is hurting us big time long term. We’re on the fence about kids, leaning towards a no. At most we’d have one. If we don’t have kids our 10 year goal is to have him semi retire into some kind of hobby job while I scale my business up to enough we can continue to live off of since I like to work and he doesn’t. Since we haven’t moved yet I don’t currently know our monthly expenses but we’re both very frugal people, we love to travel but other than that we both game and like to stay home, don’t care about materialistic things.

I’m looking for advice on where to go from here? What would be the most effective place to move this money to keep working towards our future goals? Is him retiring in 10 years realistic if we make smarter moves with his money that’s currently not making any? At this point I’ve been pushing him to get a financial advisor to run his portfolio for him, I know there’s financially more responsible moves but even if he was paying 3-4% while making 10% we’d be in a much better place but I don’t know if that’s the best advice. He talks about buying another house but I’m also not convinced that’s the best place to put the money especially when he already has 2.

Im checking on stockanalysis com's forecast from 22 analysts, the "low" is a +32,93% change in 1 year, is that actually doable for Celestica? The average analyst says to strong buy, is anyone buying TSX:CLS?

Is that even possible or does it have to be converted into CAD

Hey guys, I’m 18 and building out my long-term strategy. Since I follow Islamic guidelines, I have to screen my investments to make sure they are Halal before buying in.

In short, I have to avoid companies that engage in:

• Prohibited Sector Activities: Banks/credit providers (revenue from interest), alcohol, gambling, pork products, adult media, or defense/weapons.
• Heavy Interest Reliance: Islamic financial standards (like AAOIFI) restrict companies whose total interest-bearing debt exceeds ~33% of their market value or whose interest earnings exceed 33% of their assets.
• Speculative Instruments: Options, short-selling, and traditional bonds are impermissible due to high uncertainty or pure interest returns.

Instead of manually sorting through stocks, I use the Wealthsimple Halal portfolio (WSHR), which automatically manages my portfolio and handles all the halal screening for me.

I’ve been focusing my new contributions to XEQT alone that’s why it’s relatively down compared to VFV.

I want to hit 1 mil in my 30s

I’m 25M living in Canada, currently working as a cybersecurity consultant making around $80k a year. I also have one semester of school left before I finish my degree.

Financially, I’m in a ok position for my age:

$80k/year employment income

$50k invested in stocks

$30k in cash that I’m considering using to start a business or side hustle

Very low living expenses since I still live with my family. My only real expenses are related to my car.

My goal is to use this opportunity to build another source of income outside my 9–5 and eventually grow it into a legitimate business. Since I don’t have rent or many other major expenses, I feel like this is a good time to take calculated risks and invest in something with real potential before I eventually move out and have more financial responsibilities.

One idea I’ve been considering is buying and flipping cars through auctions. Buy them at auction, and resell them for a profit. However, I’m still researching how the process works in Canada and whether the margins are actually worth it after accounting for repairs, auction fees, taxes, and other costs.

I’m open to other ideas, too. Ideally, I’d like something I can start alongside my current job.

Hey everyone!

I’m 23, recently graduated university and just started investing.

I’m a firm believer in AI and tech being the future, hence why my portfolio leans heavily towards those sectors. I’m investing for the long term and plan to add more XEQT for diversification.

Would love some honest opinions on my portfolio. What would you change?

My Situation:
Income: Self-employed.
Living Situation: Living at home, so I don’t pay rent.
Expenses: I pay for my own food, clothes, and all other personal expenses (everything except rent).
Thanks.

Hey guys! I’m new to this group and investing in general, so please bear with me lol.
A little backstory: I grew up very poor and just turned 28. I’m really trying to become more financially responsible, build wealth, and give my children opportunities I didn’t have growing up.
I recently opened a TFSA and a family RESP through TD for my four children, who are all under five. I believe I selected the high-risk investment option for both accounts because I’m planning to leave the RESP invested for at least 13 years and my TFSA for at least 5+ years(unless there’s an emergency like my car breaking down bc I don’t finance vehicles).
Here’s where I’m a little lost…I don’t actually know how to start investing?

I’m not sure how to deposit money into my TFSA, whether TD automatically invests it for me, or if I’m supposed to be purchasing stocks, ETFs, or mutual funds myself.
Does anyone here invest through TD? I’d love to hear how you got started, what type of investment account you use, and whether you’d recommend TD’s managed investment options or something more self-directed.
I’m currently in school for accounting, and I’m really trying to educate myself about finances so I can eventually pass that knowledge down to my children. I was pretty much left to figure everything out on my own growing up, and I want to change that for the next generation.

I’m open to any advice, recommendations, or resources you guys think would be helpful!
Hope everyone’s having a great day! 🫶🏻