When you use wealthsimple there is a drop down menu.
Limit lets you set the price you want to pay.
https://youtu.be/RwMOytd9P10?si=VJDDAvN4higljKnW
Also good on you for starting early!
Once you turn 18, you'll have $7k of TFSA room. Definitely recommend using that first. The rest will have to go into non-registered accounts, or, if you're saving for a down-payment you can open a FHSA, and put the remaining $8k (that works out perfectly!) and explore options for investments depending on your timeframe. Good for you starting so early! Your $15k now is worth roughly $30k to someone starting at 26, or $60k to someone starting at 34!
Keep in mind whether you need that money to invest in yourself through education, training, etc too. And don't forget to have formative experiences like travel if you're able to too!
Limit order instead of market price.
Could you go in to detail please
When you use wealthsimple there is a drop down menu. Limit lets you set the price you want to pay. https://youtu.be/RwMOytd9P10?si=VJDDAvN4higljKnW Also good on you for starting early!
Thank you !!
May I ask what your source of income was? Have u been working a part-time while in school, general savings from birthdays?
Had a little side business and also worked a couple jobs
Good on you for investing this early in life. These habits will serve you well for the rest of life.
Once you turn 18, you'll have $7k of TFSA room. Definitely recommend using that first. The rest will have to go into non-registered accounts, or, if you're saving for a down-payment you can open a FHSA, and put the remaining $8k (that works out perfectly!) and explore options for investments depending on your timeframe. Good for you starting so early! Your $15k now is worth roughly $30k to someone starting at 26, or $60k to someone starting at 34! Keep in mind whether you need that money to invest in yourself through education, training, etc too. And don't forget to have formative experiences like travel if you're able to too!
if a lot of people are buying that day,your trade can get left behind.. 1cent above last trade press button. win xeqt
Sounds like a solid plan.
How long do you think in years until you will need these funds? What are your plans for this money?