If I Was A Newbie Investor

How would I invest as a newbie investor?

Well first off, it would have nothing to do with investing initially.

Instead, I would learn to live within my means.

Investing won’t save you. Don’t kid yourself.

I would maximize my tax deferred and tax free accounts. And I would buy an asset allocation ETF such as VGRO . Set up a DRIP and be done with it.

I would not waste any bandwidth trying to optimize my taxation. I would keep it very simple. I would spend more time on improving my career and living my life.

And I might not even bother starting a corporate account. The extra fees, extra complexity and paperwork isn’t all that worth it.

That’s my rant for the day.

I see folks believing that if only they crawl down the rabbit hole further and further that somehow they’re going to win. I don’t think that’s gonna happen. I don’t believe anyone is going to come out of this without a good dose of taxation.

You can not control the markets. You can not control the taxation machine.

Thankfully living in Canada we avoid one of the largest expense our American colleagues face. The healthcare system. Just be grateful for that.

So newbie investor, if I were you, I’d ignore 99% of what you read. Just keep it simple.

Maybe then you could actually follow it.


Published by Dr. MB

I enjoy the know-nothing, do-nothing approach to investing.

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