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Originally Posted by btimbit
Still probably not as much as I should. I'm 27, 10% of my pay goes right into a company share purchase plan RRSP and they match 5% as well. I'm thinking of upping that to 20% soon. I also contribute a few hundred dollars to Mutual Funds in a TFSA every month.
Debt free other than my house but I'm planning on moving out of the city in 2 or 3 years as well so that will increase that amount, but since that's the only debt I have I'm comfortable with it being in property.
So I feel I'm on the right track but would like to increase what I set aside. I also worry about almost all my RRSP being just one stock, so I'm thinking rather than increasing what I put there I might put that money elsewhere. Haven't decided yet
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I would certainly diversify out of your company stock. Especially if you are in oil and gas the value of your house and your job security is already tied to commodity price. Personally I get my money out of Canada in general and take the currency risks as when our currency is strong O+G is strong so my investments hedge against the housing market in Calgary.