Quote:
Originally Posted by Iggy_12
This could be an incredibly dumb question, in fact i am sure it is, but what products can you get that would give a 10% annual rate of return? I feel like i have decent savings but my money doesnt work as hard as it should for me.
Ive tried managing my own stocks since im pretty far from retirement and can take on more risk but I have quickly learned i am terrible. I have TFSA and RRSP accounts that are considered "on the side of risky" but im pretty sure on a very good year those bring back 6-8%
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My wife and I stick with TFSAs - avoid individual stocks and they will follow the market.
We have a lower allocation towards bonds than we should, but we are OK with the extra risk in the market as we both have good jobs as well.