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Originally Posted by Dude Where's Makar?
Hello CP members - I'm a relatively new poster (long time lurker) and thought I would run a question or two by you.
I was lucky enough to win a 50/50 raffle for a decent chunk of change and will be having a meeting with a financial advisor for the best course of action. I'm trying to do as much research as possible, and was wondering if anyone had a recommendation on a ETF that projects to have good growth/dividend in the next 5 years?
I have my first child on the way and want to start taking more financial responsibility. Just thought I'd check in with a few more experienced minds on what they invest in / project as good longterm growth.
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Max out your TFSA first for sure. You can do self directed (buying stocks including ETF's yourself) or put in a mutual fund if you really want to set it and forget it and not have to do anything. But definitely look into TFSA.
Your advisor will know how much you can put in this year if you have never put into one.