I'm sitting on a combined 200k in cash because I'm too afraid to pull the trigger to invest in anything in our market climate.
I started investing in January 2020. I maxed out my TFSA in a wealthsimple robo account that tanked a few months after, and didn't recover until September of that year. At that time I figured the fall would kill the market due to Covid so I pulled everything, and haven't invested since. Turns out I don't know how to read the room because I lost out on probably 20% gains.
I live in Vancouver, and I don't know if I want to buy a condo or not. 3 bedroom condos were going for about 800k 2 years ago, and now they're up in the millions. I had a plan to save 160k for a place, but that target keeps getting further.
My HHI is about 150k, and I spend about 2k/m in living expenses.
Submitted February 06, 2022 at 08:56AM by Drakereinz https://ift.tt/pGmUbyz
