Personal Finance Canada

1208 readers

1 users here now

Come and discuss anything related to personal finance, directly or indirectly, with other Canadians!

founded 2 years ago

MODERATORS

[email protected]

best order to max out savings benefits? (self.personalfinancecanada)

submitted 1 year ago by cyberpunk007 to c/[email protected]

18 comments fedilink hide all child comments

My TFSA is not maxed, I have a few investments but nothing crazy. No GICs either. Should I focus on TFSA first, then GICs? I have a large lump of cash just sitting in a chequing account doing nothing as well.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 1 points 1 year ago

That's really nice, and I hope you have great gains. But yeah that doesn't mean that it's statistically optimal unless you can predictably get right the high risk investments that will go well, in which case you're on your way to become a millionaire anyway.