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?
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?
Anything to do with housing. A house is always worth a house.
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.
Buy or build a duplex or split a house into apartments. You’re increasing housing supply and generating income at the same time.
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.
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.
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.