Sorry if this is the wrong sub for this. I'll start with a bit of info on my situation. My partner and I are Canadians in a HCOL city. Both of us have TFSA investing accounts. She qualifies for the new FHSA account, and I'll qualify at the beginning of 2026. Neither of us have anything substantial in our accounts, so we have a substantial contribution limit.
We can currently afford to invest $750 biweekly. We would like to keep about 1/4 of that as a rainy day fund in our savings accounts which provides 4% interest, calculated daily. So that leaves about $560 biweekly to put into ETFs, dividend stocks and other less liquid investments.
From what I can figure out, we would need an ROI of 8% annually on that $560 biweekly to achieve our goal. What would currently be the best spread of investments to maintain an average of 8% annual ROI? I understand investments have to be adjusted for changes over time. I'm just looking for a good starting point portfolio to get us on the right track.
If I'm way off the mark, please let me know. I've read a lot of books on investing, but haven't had much financial opportunity to put it into practice.
TL:DR What portfolio would you build to achieve 8% annual growth?
Submitted September 15, 2023 at 12:07AM by LokiDesigns https://ift.tt/SKkfJlN
