What should I do with this as a 22 year old?
>>526480856CHING CHONG CHANG CHONG
>>526480856I am guessing you're a Jeet.
>>526480856donate it to israel
>>526480856Why would you keep 96k in a chequing account?
>>526480856Etf and forget
>>526481184Sorry for my ignorance, but what is an ETF? Can you be a bit simplistic?
>>526481135He's a good goy
>>526481048This
>>526481135>>526481350Isn't interest Jewish?
>>526481457What do you think they do with your money when you put it in the bank?
>>526481345Exchange traded fund. Just read up on them a bit. Its basically a fund that tracks a certain sector or portion of the economy, for example the s&p500
>>526481457You are completely retarded. You hand your money freely over to bankers and simply allow your purchasing power to die to inflation?Unless this is some lump sum payment.
>>526480856Take it to the casino my man
>>526482099So like investing in stocks? My dad lost 20k by doing this, told me its just another form of gambling. I searched it up and there were lists of stuff I never even read about. I'll look into it
>>526482187Yeah but even if I put it into savings, I'll just get 2% back, not enough. GIC's get taxed. I am thinking of buying gold but I feel the bank will just keep it for itself if the economy crashes
>>526480856Become a drug addict and support the black market and QT hookers.
>>526482398>>526482293>I'll jus get 2%>is currently getting negative percentLol. Have fun!
Gamble. Seriously, both fastest way to make money with the best odds. Put $500 on a game. Allocate $1000 in an online gambling account, or $10,000. Both a fun and quick way to make money. At the very least, it's better odds than the stock market and more predictable.
Open a TFSA and FHSA. Contribute the max and buy xeqt. It's diversified equity across the globe. Stocks are a bit of a gamble short term but long term, line go up.
>>526480856I honestly have no idea. Everything seems highly speculative right now, which is also why everything is moving like a shitcoin.At least open an account with any of the neobrokers though, they usually give you the central bank's interest rate on whatever is on your clearing account. that will for sure be better than whatever your regular bank is paying you
>>526484146>but long term, line go up.true, but the problem is that everything is close to ATH right now, despite all the risks involved.the risk that you make massive losses in the short term and then have to wait for a quite some years simply to break even again is not insignificant imo
>>526480856SPY puts 2 weeks to expiry
>>526480856you can buy a nice soft-serve cone here in America with that kind of scratch.
>>526484412All western governments have inflationary monetary policies. Stocks will always be close to ATH. The stock market going up isn't economic growth it's just currency getting debased. You buy stocks because they overall stay steady in real value while currency loses its value due to more of it being printed.
>>526482398>2%that's not even keeping up with inflation. You really shouldn't be keeping any significant amount of cash in the bank, it should be going into your 401k/Roth IRA (or whatever equivalent to that you have).>>526482293your pops lost money because he was probably gambling like a retard. ETF's are basically the opposite of gambling, it's specifically reducing risk by investing in a basket of companies, not just one. It's essentially how most retirement accounts are structured now anyways.Not saying there's 0 risk but you aren't gonna keep up with inflation having money rot away in a low yield savings account.
>>526480856bc1q8dcjyeq9d7cpeg8ht0gyk0pcu8ka2t5l9qj92wThat’s my bitcoin wallet big boy. If you send me some, I’ll make it worth your while.
>>526480856can't spell CHAD without CAD
>>526480856Here's what I'd recommend. I work in Retail Banking so take it with a grain of salt. I'm not an elite shekelmaster by any standards.Think about how much you need to keep readily accessible for an emergency/extra funds and don't invest it for the long-term yet. You don't want something that is aggressive and going to crash when you need it in 1.5 years.Think about what portion of that you can store away for a long time (10+ years). Put that into a TFSA and don't be afraid to aim for higher growth even if it means short term volatility. COMMIT TO YOUR TIMEFRAME. Don't pull out. Take the remaining amount of what you plan to save and think about putting it into an RRSP. This gives you some tax deferral which can help with your return when you file your taxes. You should have a job though.You have a job right?
>>526480856take this shit to /biz/ and ask them
take MAID
>>526480856>Che QingFucking chinks
>>526481345It's a company that owns stocks, and you invest in said company. Let's say the SQUISH ETF owns stocks in the 5,000 largest corporations in Canada. They buy the individual stocks like stocks in Timmie's, stocks in the Niagra Falls, Ice Hockey stocks, Maple Syrup stocks, Stocks in Canadian Tire, stocks in Alanis Morrissette, stocks in Canadian Bacon, Inc., stocks in Coca-Cola with french writing on the label, and they bundle them up and sell the ownership of all 5,000 stocks as a single product. That single product is a stock you can buy many of. So if you own one stock of SQUISH, it's like owning a little piece of all of those companies, except you just have to buy 1 stock. SQUISH takes like 1% of the ownership of all those stocks and doesn't pass that on to you. That's their fee. If you went and bought all those stocks individually yourself, and were just as good as SQUISH at buying and dumping them when you should, you would make 1% more money. But that's their fee so that you don't have to do all that. ETFs still pay dividends like regular stocks. You do well as the market as a whole does well.
>>526480856move to a country that knows how to spell and uses real money
that's like 50 american dollars. so keep working
>>526486925Fun fact is that I have a RDSP. Jeets have taken most of the min wage jobs so I cant do shit rn
>>526480856money market usually pays out at 4% or so
>>526488521So say if 10 out of those 50 companies from the bundle gets into loss, will that affect the money I would get after selling those ETF's? The thing is I am always wary about investing in things that are not in my hand. If it were to me, I would just buy gold and bury it in a pit. The way things are going I feel the world will see a nuclear war and all elites/bankers/richfags will be slaughtered or starved on the streets like the French revolution because they were busy investing on shit that existed just behind the screen of their computers
>>526485450>it should be going into your 401k/Roth IRAThe only correct answer.
>>526489816Yeah, if their individual stocks go down, it reduces the value of the whole ETF by that much, whatever little percentage they are of the ETF. Good thing that stocks always go up! Except for Bed, Bath and Beyond, but that's only 1 of 5,000 in the bundle. When there is blood in the streets is the time to buy. But if you're a burying gold in the backyard person, then just do that as long as someone else doesn't come and steal it. It'll do better than the dollar but worse than stocks historically. There's no accumulating re-invested dividends.
>>526480856How the fuck are there so many 22-24 year olds with 80-125k ? I don't get it.When I was 22-24 in the mid 00s, you were doing really well if you had 20k
>>526489538Almost my whole life, saving accounts paid 0% interest, and they just started paying interest a few years ago. I don't trust them to keep paying interest and for this reason, I'm out.
>>526485230Lot of fucking tourists here suggesting throwing labor energy back into true void. If you’re invested in stocks, you’ve lost half your purchaseing power in the last year.
>>526489816https://www.youtube.com/watch?v=_7Ox9N1490Y
>>526490768Oops, forgot picrel
>>526480856You could try spelling it right, for starters.
>>526480856Your dad's gonna beat your ass, when he finds his 22 year old disappointment sniffing around his accounts.
>>526490861Leafland has an Anglo-Franco heritage that has informed the language.Deal with it.
Buy physical assets.Prepay a few years in rent in a comfy location. Chill.
I had a similar amount at a similar ageI spent most of it on hookersNo ragrets
Go back to india
>cadSo what is that, like $300 USD lmao
>>526489961Canadian…ayntk
>>526480856>>526480949>>526481047Ignore every other post and convert it all into 1ozt Canadian Silver Maples.
>>526480856Take 46 of that and put it into emergency fund (just kidding) I want you to knock things off your bucket list.Take 50K and go into robotics stocks ETFs, this will be a retirement for you as they will 70% every year for at minimum 30 years from today. 2100% gains which is 1.15 million canadian even if you do nothing.This is real investment advice.
>>526480856drugs and hookers
>>526480856Gamble obviously
>>526494013The ostrich genes are strong in this one, you nasty bird fucker.
>>526480856>canadayou can probably go grocery shopping with that
>>526480856Wow anon you'll be able to afford almost a year of rent in the average Canadian apartment!
>>526480856stick it up your ass a penny at a time, and then spend it
>>526480856What's that worth, like 20 bucks in real money?Get a six pack of beer
>>526480856Buy a hamburger.
>>526480856Silver gold stocks bondsHookers parties if you just want to blow it
>>526480856Whores
>>526480856Buy weapons and ammunition and a mini van
>>526480856put it in an etf like berkshire or vangaurd, idk someone probably has better advice
Fuck tranny's what else are you going to do with it
>>526480856Donate it to israel.
>>526480856I know a Nigerian prince who will send you one million dollars if you send him that to help him transfer his money to the US.
>>526482099Why an ETF and not an index fund?
>>526481350I keep 250k in a checking account
just put it into a cash equivalent ETF and live with mom and dad until you can afford to buy an apartment. you can probably get a shitty 1 bedroom for $500k.there's zero point in gambling on stonks or metals with such a pitiful amount of money.also >>>/biz/
>>526496598Closer to four.t. under/unemployed since mid 2024 and living mostly on savings
>>526480856First thing to do is get an investment TFSA and max out your contribution space, allowing you to invest with and grow that money tax free.
