If I have $50k cash and RRSP room, what should I buy ?
Stock market is low now, is it a good timing to buy now ? But some experts are saying it is better to hold cash for this year as it could be a big fluctuation.
What about using it as a down payment for a condo ? But I don't have time to deal with tenants and related issue. I heard there are some companies whose manage the buy/sell, rental for you. But I am sure there is a big fee as there is no free lunch.
Honestly, I haven't been paying too much attention on investment, mainly because I am busy with kids and lazy But one of my new year resolutions is to spending more time on investment instead of spending time checking deals on RFD I am thinking if I can make money from investment, I probably don't have to spend too much time finding deals, saving $10-20 here and there
I heard something about dividend reinvestment plan (DRIP) and buying dividend funds from the book: Lazy Investors. I used to work for a company which had an option to buy company stock and it is DRIP account. I just joined and didn't pay attention to it at all. But after like 5 years, it does roll to a very reasonable amount. So, I am thinking if I should start something like that. I do have a TD self direct account. Just need to get myself started. Thanks in advance for any advice
What about using it as a down payment for a condo ? But I don't have time to deal with tenants and related issue. I heard there are some companies whose manage the buy/sell, rental for you. But I am sure there is a big fee as there is no free lunch.
Honestly, I haven't been paying too much attention on investment, mainly because I am busy with kids and lazy But one of my new year resolutions is to spending more time on investment instead of spending time checking deals on RFD I am thinking if I can make money from investment, I probably don't have to spend too much time finding deals, saving $10-20 here and there
I heard something about dividend reinvestment plan (DRIP) and buying dividend funds from the book: Lazy Investors. I used to work for a company which had an option to buy company stock and it is DRIP account. I just joined and didn't pay attention to it at all. But after like 5 years, it does roll to a very reasonable amount. So, I am thinking if I should start something like that. I do have a TD self direct account. Just need to get myself started. Thanks in advance for any advice