Some thoughts about my investment strategy.
The goal here is financial independence to enjoy time with the people I love.
I’m a strong believer in 2 principles:
- Peace of mind
These 2 criterias are the foundation of my strategy.
Here we are talking about long term investment, something like 20 years+ in the future.
There are currently 2 things I’m interested in and where I’m trying to build knowledge to get better at it.
1. Real estate
This is becoming a real hobbie that I will dedicate a special note for it later this year.
2. Stock market
I’m currently using wealthsimple which satisfies my 2 principles above.
My current porfolio is at 90% stocks and 10% bonds as I’m in the wealth acquisition stage as JL Collins calls it.
REER in Québec
Every year I’m maxing out this account (18% of my last year income). And we are doing the same for my wife’s accounts.
I invest all of this account with stocks and bonds as decribed above.
If you are married and you earn more money than your wife consider opening a Spousal RRSP
CELI in Québec
This account is a huge advantage in Canada, as you don’t pay taxes on capital gains. This means if your money double in 10 years you will be tax exempt on it.
I’m currently building a new investment portfolio for my wife buying exclusively dividends.
I will add more notes about this strategy in a couple of months, stay tuned.
I believe in a world lead by technology as software is eating the world.
I only own Bitcoin. If you are looking to buy some in Canada with the lowest commission fees, try BullBitcoin.