I done the same for over 15 years, between ETF / Fund. Just a little different:mathbes wrote: ↑ If you are investing for long term, I always remember in my head this FAMOUS quote : The best time to start investing was yesterday.
Also,
1- Don t check the market every day. Its will make you crazy.
2- Never try to time the market.
3- Be constant in your investment. Invest every payroll.
4- Re-balance ONCE a year.
I used these 4 rules, since 2016
Heres my average return in my TFSA. Sorry it is in french.
I know we are in a BULL market but I am here for the long term. ( around 17-18 years) Its will be a rollercoaster... (up and down) but I will continue to follow my 4 rules.
1st: I re-balance every 6 months.
2nd: As I getting older, I shift my allocation of bonds from 15% to 20%, and now just changing to 25%.
Bonds is low now PLUS we are in bull market, which is actually good reason for me to update my bonds allocation from 20% to 25%, to capture some of those gain.
Very important thing is have clear mindset this is for my retirement. So the whole plan is for long run.
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Bright side of RFD: Often find good deal
Dark side of RFD: Tons of stuff that I don't need but still got them because of RFD
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Bright side of RFD: Often find good deal
Dark side of RFD: Tons of stuff that I don't need but still got them because of RFD
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