This millennial tech worker is meticulous about saving, but his investment gameplan needs work

This millennial’s travel addiction was put on hold, but she still has $20k in debt and no desire to stop the vacations

Duke is still young and doesn’t have a pressing need to use his money over the next five years. He should be looking to take on more risk, Ortencio said. As for how he’d invest it, Ortencio said Duke can get all the bond exposure he’d need by investing 10 per cent of his portfolio into a single global bond ETF that would be held in either his RRSP or TFSA.

Sixty per cent of Duke’s portfolio would then be weighted to global stocks, Ortencio said. Duke could either look for one global ETF that excludes Canada from its holdings or one fund that holds U.S. stocks and another that focuses on international firms. Again, he recommended two low-volatility products in the iShares Core MSCI All Country World Index Ex Canada ETF and the Power Shares S&P 500 Low Volatility ETF.

66k in toronto and saving 1k per month? That’s pretty impressive.

Saving?

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

This millennial tech worker is meticulous about saving, but his investment gameplan needs workFrugal spending has helped Duke accumulate over $100,000 but he needs the advice of a pro to make the most of it Why can't he just buy tech companies at 100 times multiples like every other millennial?
Source: nationalpost - 🏆 10. / 80 Read more »