Quote:
Originally Posted by MisterJoji
I should really speak to a financial advisor as I assume I am currently doing alright. But you know what they say when you assume. I started my career at an early age (20) and contribute to a defined pension plan where I put in 6.5% of my income and my employer puts in 7.5% so that's 14% right there. I also contribute approximately 4% into a personal RRSP's, so that brings my total up to around 18% which is pretty good I think. But my own investments are split up in a multitude of ways. Some of which is locked into a 5 year GIC, some of it into a very low risk account (1-2% annual interest rate), some into a medium risk mutual fund and some into a high risk mutual fund (this money coming from a kind of expense account which I view as "free money" so if I do lose out in the high risk, it wasn't really my money). But I have absolutely no idea if this is a good strategy or not?!?
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