Erik | Legacy Path 🇨🇦

If you're 18-25 and living in Canada... I'm begging you. Open a TFSA this weekend. It takes 10 minutes on Wealthsimple. $250/month from age 22 ≈ $1,100,000 by 65. Tax free.

@Intel_scope Yes that's a solid rate! Is it 20 year term?

@LegacyPathCA My $500k is $328/year for wife and I. That's a good policy right?

Canadian households with no life insurance: nearly 1 in 3. The average Canadian mortgage: $320,000. The cost of $500,000 in term life insurance at age 27: roughly $28/month. Less than a streaming subscription. Enough to keep your family in their home if you don't come home. What's your family protected by right now?

@MatthewSpositi Exactly bud. Especially when you have a mortgage and/or kids

@LegacyPathCA With term life being so cheap, it doesn’t make any sense not to have any

@DimriLogic Smart move. Term did its job covering the mortgage and now the whole life gives you permanent coverage

@LegacyPathCA When we got house, started a term for > mortgage, now mortgage is less n term stay same. Then, got a whole life with some cash value. N It's not investment 😕

@TheBTCKnight Anytime Knight.

@LegacyPathCA I might just do that Erik. Thank you.

@TheBTCKnight Nice! If you ever have any questions I'm happy to help

@LegacyPathCA We will upgrade eventually

@fammetaX Jensen picking stocks

nvidia is up 270% in 3 years this is what they’re buying right now $INTC. $CRWV. $COHR. $SNPS. $NOK. $NBIS. $GENB the smartest company on earth just showed you their hand

@BrandonWealth Hahaha bro is chilling up there

How’s the weather up there Signore!

If you have a mortgage or young kids and you’re wondering what coverage would actually cost, DM me. I’ll send you a free personalized quote based on your age and situation. No pressure, no obligation.

@TheBTCKnight Smart having something in place, minimal is better than nothing

@LegacyPathCA Both my wife and I have life insurance but it’s minimal.

@Neni536975 Exactly right, it should be a no brainer when you can protect your family for a low cost

@LegacyPathCA We insure our cars, phones, and homes. Our families deserve at least the same consideration.

@LazaroInvestor Anytime bro 🤝 Happy to help more if you have questions

@LegacyPathCA I’ll take a look thank you 🤝

@LazaroInvestor Personally, I work with Desjardins but there are other good options like Manulife, Sun Life and Canada Life.

@LegacyPathCA Any good suggestions for any insurance company? Need to look into one

@Neni536975 This is exactly my thought process

@LegacyPathCA Go XEQT for your core longterm foundation. Add VFV only if you want to overweight US tech ....

Canadian investors 🇨🇦 Let’s settle the debate: XEQT or VFV inside your TFSA? XEQT 🌍 → 9,000+ companies globally → Built in diversification across 50+ countries → 0.20% MER → One fund does everything VFV 🇺🇸 → 500 of America's greatest companies → Strong historical US market returns → 0.09% MER → Pure S&P 500 exposure Which one are you holding and why?

@LuisDGentili Solid guide for beginners! It really is that easy

¿Cómo empezar a invertir en Canadá en 4 pasos y en menos de 10 minutos? 1. Abre una cuenta en Wealthsimple, Questrade u otro broker de tu preferencia. 2. Elige el tipo de cuenta: TFSA, RRSP o cuenta no registrada. 3. Selecciona un portafolio de los que ofrecen (Roboadvisors) o elige un ETF diversificado. 4. Automatiza tu aportación mensual para que suceda sin pensarlo. ¿Qué pasa si empiezas hoy y mantienes el hábito durante 40 años al 7% anual? $100/mes → $262,000 $200/mes → $524,000 $300/mes → $786,000 $400/mes → $1,048,000 No hay excusa para no empezar hoy y ser millonario mañana.

@TheCADInvestor Right on. I'm also using mine for long term plays

@LegacyPathCA Definitely. There’s very little in my TFSA that is not a long term hold. Just a few individual equity moonshot type plays.

@wallstnomads Congratulations!

WOW! Our first 1,000 followers. Thank you all for your support and encouragement. In the words of Tina Turner, you are all Simply The Best! Thank you all for your content and daily interaction, such a great forum for sharing different views and trading styles, from people of all corners of the world at all stages of their own personal or professional journeys. FinX is singlehandedly the best financial online community out here by a country mile. 80% of our growth has come in just the last few months, and 50% of it in the last month or so. Which goes to prove - stay focused, avoid politics like the plague, engage and have fun. The world isn't one big chart, enjoy the journey. Love you all. Oh, and I win the bet with my partners who bet that we would never reach this milestone in the first year, who then doubled down in March when we were still at 300. Anniversary is June 8. As always, its all about timing. 🤣

@TheCADInvestor Solid strategy! Are the tech and semis long term holds for you?

@LegacyPathCA My strategy is TFSA used fully for growth tilt given the full tax free nature. My TFSA is highly concentrated in U.S, tech, and semis. $VFV.TO, $QQC.TO, $SMH, $FTEC all major TFSA holdings. $XEQT in RRSP is the “diversification” of my overall portfolio.

@ChizaramNelo VFV has cleared XEQT over the last decade. That said, many people prefer the global diversification for the long haul.

@LegacyPathCA Common , I thought we have had this discussion before , $VFV clears and it’s not close

@TheCADInvestor Nice! Personally I’m holding more XEQT in my TFSA right now, but debating adding more VFV for the growth tilt

@LegacyPathCA I have ~38% of my TFSA allocated to $VFV RRSP is 100% $XEQT.TO Both are great options for anyone looking for a set and forget index fund