Q: I am just getting started (complete newb). I listened to the Building wealth interview podcasts. I would like to invest ~$20k now, via TFSA, then perhaps invest a monthly sum (say $1k). With a commission fee of $10 per trade, how would you recommend approaching this? Would you buy 20 different holdings of one of your model portfolios at ~$1000 each? What would you do with the monthly sum? (I was thinking the income portfolio since I may need to redraw the funds in ~5 years to buyout a business partner).
I feel this question should already have an answer somewhere but I can't find it - perhaps you could link the answer?
I feel this question should already have an answer somewhere but I can't find it - perhaps you could link the answer?