Advices for a young investor atypical situation
I'm in a somewhat atypical situation for a young investor and am looking for advice. I have my own ideas about what to do, but I'm open to more experienced input.
Here are my important metrics:
Cash on Hand: $375,000 (In a corporate account) and, 25,000$ (in a personal account)
Debt: $150,000 on condo purchase at 1.6% rate (condo is worth $350,000+)
Monthly Investment Contributions: $10,000+
Short Term Cash Requirements: $0
RRSP Balance: $2,500 (In a fidelity Mutual funds, -3% in the last 3 years)
RRSP Contribution Room: $13,000
TFSA Room: $10,000
Risk Tolerance: High
I'm comfortable with the technical implications of TD e-Series, ETFs, and several other financial instruments. So far, i have read many good books and internet articles that praise the benefits of a passive index investing strategies.
A 80% stocks / 20% fixed income sound good to me, something like this:
20.00% iShares CDN Composite Index Fund XIC
30.00% iShares CDN S&P 500 Index Fund XSP
30.00% iShares MSCI EAFE Index Fund CAD Hedged XIN
20.00% iShares DEX Universe Bond Index Fund XBB
Comments welcome !