u/Anxious-Feedback-422

▲ 2 r/fican

New to stocks and wondering where to get help

I’m 23 years old a come from a low income family who’s bounced around all my life and never really had anything nice, so once I got a steady job went out and financed a car for about 7 years ( I’m almost 2 years in and am now realizing this was not the greatest idea) anyways I’m wanting to grow money over time (buy a house, be able to retire before the age of 65… so I got into wealth simple. I am from Canada so the numbers I list will be in ($CAD) anyways i want to start investing and ive never really been good at putting money away but am now feeling very behind so i would like to start as I’ve never really had anyone to teach me. On wealth simple I opened a (FHSA) and a (TFSA) and don’t have a exact number I put in but it’s around 1-200 a week and with what I was told I instantly buy VEQT and just let it sit. Now I have absolutely no knowledge on the stock market or anything like that so my question is this the best/safer option to optimize growth while limiting risk. Or should I be doing something different. Where do I learn these things without following the “TikTok and online posts of get Rich fast” what is the best and smart plan to growing these accounts. I would like to have enough to have a decent down payment in the next 7 years that’s assuming I can max the fhsa at the 8k each year but is this the right stock to be doing or is there a better way to go about it?

reddit.com
u/Anxious-Feedback-422 — 15 hours ago

New to stocks and wondering where to get help

I’m 23 years old a come from a low income family who’s bounced around all my life and never really had anything nice, so once I got a steady job went out and financed a car for about 7 years ( I’m almost 2 years in and am now realizing this was not the greatest idea) anyways I’m wanting to grow money over time (buy a house, be able to retire before the age of 65… so I got into wealth simple. I am from Canada so the numbers I list will be in ($CAD) anyways i want to start investing and ive never really been good at putting money away but am now feeling very behind so i would like to start as I’ve never really had anyone to teach me. On wealth simple I opened a (FHSA) and a (TFSA) and don’t have a exact number I put in but it’s around 1-200 a week and with what I was told I instantly buy VEQT and just let it sit. Now I have absolutely no knowledge on the stock market or anything like that so my question is this the best/safer option to optimize growth while limiting risk. Or should I be doing something different. Where do I learn these things without following the “TikTok and online posts of get Rich fast” what is the best and smart plan to growing these accounts. I would like to have enough to have a decent down payment in the next 7 years that’s assuming I can max the fhsa at the 8k each year but is this the right stock to be doing or is there a better way to go about it?

reddit.com
u/Anxious-Feedback-422 — 16 hours ago

Seeking help in starting in the stock market

I’m completely new to stocks and have just started, I’m 23 and come from a very low income family that lived paycheque to paycheque and am now just starting a FHSA AND A TSFA assuming I’m close to filling them fully each year I was advised to just buy VEQT and let the compound interest grow overtime but I have 0 knowledge and just kinda want my foot in the door and to understand where I should be going and what to do without the “tiktok get rich of this stock” as I don’t have lots of money to just throw into them. I’m starting around 1-200 a week and just wondering what I should be doing… any help if that’s aloud would be amazing.

reddit.com
u/Anxious-Feedback-422 — 16 hours ago