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best order to max out savings benefits? (lemmy.world)

submitted 1 year ago by [email protected] to c/[email protected]

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My TFSA is not maxed, I have a few investments but nothing crazy. No GICs either. Should I focus on TFSA first, then GICs? I have a large lump of cash just sitting in a chequing account doing nothing as well.

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[–] [email protected] 1 points 1 year ago (1 children)

I made $100k on pot stocks in my TFSA, so... maybe my perspective is skewed.

But right now, I have a high-tech ETF with a high distribution that keeps going 'up and to the right'... I guess only time will tell.

[–] [email protected] 1 points 1 year ago

That's really nice, and I hope you have great gains. But yeah that doesn't mean that it's statistically optimal unless you can predictably get right the high risk investments that will go well, in which case you're on your way to become a millionaire anyway.