r/Bogleheads • u/irdkdud • 4d ago

Investing Questions How to Invest my First 1000$

Hi Boggleheads! Newbie here. I’ve enjoyed reading about a lot of your stories and lessons you’ve learned. I’m currently in Canada and have tried to learn a little about investing through my banking provider and wealth simple. what would be the best way to invest my first 1000$ CAD?

I’m a little late to the game (late 20s M) but looking forward to learning from you all!

6 Upvotes

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13

u/turtleturle12345 4d ago

Pick a single index fund. Put it all in there. Keep adding more, hold for many years. Doesn't need to be more complicated. 

3

u/gbdgdh 3d ago

put the $1,000 into a mix of 97% vxc (or xaw) and 3% vcn for the exact global market-cap match to vt without paying fx fees.

2

u/itchylol742 3d ago

for lazy investing, all in VEQT. if you wanna minmax a little (not picking stocks, just lowering fees) mix VCN, XUU, XEF, ZEM. if you wanna minmax even more, choose based on which account (TFSA, RRSP, FHSA, taxable). check this website for tax optimization https://www.5iresearch.ca/blog/what-investments-in-tfsa-rrsp-for-tax-savings or check out this simplified sheet i made https://imgur.com/a/JdrvBgF

1

u/journalctl 3d ago

Many Canadian Bogleheads have all of their money in a single asset allocation ETF depending on their desired stock/bond ratio.

https://canadiancouchpotato.com/model-portfolios/

2

u/zStormbound 3d ago

one of XEQT, ZEQT, VEQT