Q: For a 32 year old just starting to save via a TFSA with monthly contributions of $300 - can you please suggest how to invest this money.
If ETF’s- which one(s) specifically
If ETF’s- which one(s) specifically
5i Research Answer:
We can't personally direct answers but we think ZSP is a solid diversified ETF for a new investor. It offers diversification into large cap US stocks, giving growth potential. It is not risk-free, but with regular $$ contributions should work well over time. We would stick with ETFs until more money is available to diversify into stocks. Also, many brokers allow ETFs to be purchased with no commissions.