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Well after the feedback received about an investment property once our mortgage is paid off, I think, considering we live in the Vancouver area, and doubt there is a postive cash flow property we could purchase, we have decided to max out our TFSAs and RRSPs once our mortgage is paid off this summer.

I am leaning towards the Couch Potato method (I guess the TD products that are recommended in the Couch Potato method as we are not particularly savvy with regards to these kinds of things). Does that seem like a good idea?
 

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You could certainly do much worse.

If you're interested in investing, you could look at doing some things that require (slightly) more attention. One book I'd recommend is the Ivy Portfolio by Mebane Faber. It gives a good run down on an old strategy for reducing risk while maintaining return. Read his paper A Quantitative Approach to Tactical Asset Allocation to find out more without shelling out cash.
 
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