Hi everyone and thanks for reading. As mentioned in the title, I'm a novice-level investor looking to start saving now for my future. I'm turning 22 this year and would like to have saved approximately $100,000 by the age of 32. I calculated that if I save $7,800 annually for the next 10 years, earning an average compounded rate of 5% annually, I could reach my target. I am a Canadian and have calculated that this falls within my annual contribution limit for my TFSA.
I plan on being a passive investor, investing in ETFs (or mutual funds) that follow indices; as I do not have the time to be an active investor. Any tips on how I could search, find and analyze ETFs and build a low-standard deviation portfolio (ie less than or equal to the S&P500 average of approximately 4.1%) to earn my target of 5%?
Any feedback is much appreciated!
Submitted January 07, 2017 at 11:12AM by jpstamour http://ift.tt/2iTV29p
