Personal Finance Canada

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Wednesday: Stock Market & Investments (lemmy.ca)

submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]

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It’s time to talk about investments, no matter how diverse they may be. Whether it’s in stocks, cryptocurrencies, ventures, let’s discuss them! Ask questions, discuss the markets, or compare your portfolios.

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[–] [email protected] 2 points 1 year ago (1 children)

It was my plans to use that money until my investment tanked. So I'm holding off using it for a while. This is good input. Thank you

[–] [email protected] 1 points 1 year ago (1 children)

Great. I'm sure you know it, but you really don't have to go all-in in S&P500 or even in equities: it may be highly logical depending on your situation to have more savings/fixed income and less equities, especially if you have short term plans.

[–] [email protected] 2 points 1 year ago (1 children)

Yeah, I'm learning that. I'm understanding more why some folks use GICs since they are guaranteed and I have more control of when I want to use the money

[–] [email protected] 2 points 1 year ago

Just be careful with GIC, as some of them may lock your money for their complete length, which may not be convenient if you may need the money quickly, for example to buy a house.