Quote:
Originally Posted by Slava
Albert, clearly you should invest the monies into something better than ING at your age? They can still be liquid.
Fotze you might want to reconsider the education savings angle...IIRC you can't open these unless you are at least 18 years of age. In other words you will be using your contribution room or your wives for this?
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Well, I kind of want my TFSA as an emergency fund so wouldn't that classify as short-term? What do they say? One should have a minimum 3-6 months salary tucked away just in case? (Is that net or gross?) $5000 doesn't even come close. So I'm thinking keep putting my savings in here for a couple years and after I have my six month cushion, then put it in higher risk.
You think that is a good idea or do you think I should add more risk to it now? I've got RRSPs in pretty risking mutual funds right now, and I want to also max out my lifetime contribution room. I think that is where I'll put my risky investments until my emergency fund is built up?
What do you think?
Money Guy and Claeren, you guys can weigh in as well.
