Save it towards a down payment on some real estate.

What is real-estate going for in the states in high areas of interest. Areas that I would potentially invest in here require a minimum 120K for a 20% down-payment.

Unless you have it in you to be a property manager and have the ability to perform maintenance and deal with house calls i think REIT's can give you enough exposure to real-estate in your portfolio.

Depends what you're into but it does not make sense to have money sit there are a abysmal interest rate while you save for a decent down payment. It would still be beneficial to invest now imo.

This post was edited by wesley123 on Jul 25 2017 05:39pm

I think he is in Canada, which he would be able to purchase a house with as low as 5% down payment. You can also purchase your first home I believe in all of Canada, with 25k of RRSP ( 401k For americans ). So RRSP or 401k would be a pretty good idea too, like you said.

I wouldn't be the guy to talk to about long term safe investments though! I like high risk haha.


Or I guess he didn't really specify if hes in Canada or U.S.

This post was edited by Slater420 on Jul 25 2017 05:50pm

I'd put on a multibet combining Winx (worlds greatest horse) to win her 3rd straight cox plate @1.60 odds, and Mayweather to win by points or Decision v McGregor @3.30 odds for a total of just under 25k return


it's as close to a sure thing as there ever has been

Sorry, to clarify yes I'm in CANADA. I don't believe we have Roth IRA ? Our alternative would be a TSFA ? Anyone can confirm?

As for real estate I've accumulated a down payment for something in the 300- 350 k range. But I wouldn't be able to save as much.

Cheers for the replies.

It's highly dependant on risk tolerance as slater eluded to. Dependant on your age you have x dollars of room in your TFSA, I'd open a self directed TFSA account to invest and max it out asap with growth ETFs.

Now if realestste is your thing and you have the capability to be an owner manager than all power go you but that requires time and am emergency fund to pay a mortgage if you have a lapse of time where you don't have a tenant renting. Those mortgage payments still need to be made.

Many have found great success on it. I just don't have the time and I self admittedly lack I'm the maintenance department and would have to hire someone to fix any issues.

This post was edited by wesley123 on Jul 25 2017 10:16pm

Crypto coins

Investment tfsa is a good idea ! I use my tfsa for long term holds and have a U.S. brokerage account for trading.

Ethereum, I tripled my investment in like a month (srs)

high risk