Quote:
Originally Posted by Hondaracer
who hasnt since then?
in the last two years i've done almost 60% alone.
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That's true, the bull market is hot still. Currently holding a stock portfolio in hopes to use it as a downpayment in 5 - 8 years hopefully in late 20's. Not sure if that is too short of a time frame to be holding equity. But even if markets drop like 30-40%, were still going to be up so much from the bull run. Maybe it would be smart to swap to GIC for less volatility when it comes time to buy in?
Quote:
Originally Posted by subordinate
No kidding.
When saving for something like a downpayment on a house, the common advice is in a savings account for peace of mind.
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I'm actually surprised at the amount of people who actually just save in an high-interest e-savings account or through it into savings deposit in a TFSA. But i'd imagine you'd be pretty spooked to see 20 - 30% of your portfolio gone over a couple of weeks. I'd imagine you'd have to live through a crash to fully understand what it's like.