REVscene Automotive Forum - View Single Post - You inherit a tidy sum of money. What do you invest in?

Ulic Qel-Droma · 02-15-2021, 09:10 PM

Build the TFSA up to 200k+ (when the returns start to become more pragmatically useful), and collect dividends/royalties from stocks (hopefully 5-6+%), and also sell ~monthly (have to calculate which premium you receive will be optimal time/payout ratio), to reduce your average cost on the stocks.

I think you could easily make 15-30% a year. And some cases 60%.

02-15-2021, 09:10 PM	#48
Ulic Qel-Droma I keep RS good Join Date: May 2001 Location: Cosmos Posts: 28,736 Thanked 5,599 Times in 1,524 Posts Failed 889 Times in 301 Posts	Build the TFSA up to 200k+ (when the returns start to become more pragmatically useful), and collect dividends/royalties from stocks (hopefully 5-6+%), and also sell ~monthly (have to calculate which premium you receive will be optimal time/payout ratio), to reduce your average cost on the stocks. I think you could easily make 15-30% a year. And some cases 60%. Last edited by Ulic Qel-Droma; 02-15-2021 at 09:16 PM.