Hi Everyone,
I am a student who is planning on investing around 18.5K into my TFSA. I was looking to buy ETFs and was thinking of going with 100% VTI. I am just a bit concerned since I have heard that all the indicators of today give hints of a recession with some people saying that it might be the biggest recession of our lifetimes. I am just really worried and not sure if I should invest right now, right after a stock rally and now that stocks are near an all-time high. This type of motion usually indicates a recession. The money I am investing makes up the majority of my savings and I might need the money in August 2024 (unlikely) to pay tuition/living expenses. I also don't want to keep my money in the bank and keep on losing valuation. I wanted to ask if you guys would recommend me to invest right now or wait for the dip that some people are saying will come. Also, I have heard people saying that the rising interest rates only affect stocks in the future, and since interest rates were raised months ago people should start to feel the impact in the near future, again this is kinda worrying me since the recent stock rally seems to be unsupported. I wanted to ask for advice on how I should invest that money, if I should put it in a GIC and collect interest or invest it in the stock market (VOO and VTI)?
Submitted December 19, 2023 at 11:26PM by SuitableAstronomer88 https://ift.tt/cQzWISO
