Context;
- Canada
- Employed for almost third year as business analyst
- Single
- No Children
- Saving for a house/condo
My Rainy day fund (5 months of basic expenses) as been sitting in my bank account for ever, and I find that very difficult to see this money not growing.
My emergency fund is complete, and my rainy day fund is essentially for if I'm unexpectedly unemployed and without benefits, which is unlikely in Canada. So I want to move the near totality of it into an TFSA, made up of low-risk index, which should be accessibly enough for the purpose of a rainy fund, correct ?
Would you condone such a move ?
If so, where would you invest this money, that'd be lowrisk?
Who offer a good plateforme for a TFSA ? I was thinking of simply using a Wealthsimple account and manage it myself.
Submitted October 31, 2021 at 11:53PM by MavriKhakiss https://ift.tt/3w4hlMR
