Hey everyone! I just celebrated my 24th birthday yesterday a...
Hey everyone! I just celebrated my 24th birthday yesterday and it feels like turning a new page in life, full of expectations for the future. I'm currently working in Toronto, Canada, and really like this city. I truly hope to settle down here. The plan is to make this wish come true within the next 1 to 3 years. At the same time, I'm considering how to make my money work for me during this time and make some extra income.
I recently realized how valuable a tax-free savings account (TFSA) is during a chat with friends! Without hesitation, I swiftly opened an account and deposited a lump sum of 53,597 Canadian dollars. Now, this money is quietly lying in the bank's self-service investment account, waiting for me to choose some good stocks to invest in.
Speaking of investing in stocks, I feel a bit nervous, after all, safety comes first. Do you have any relatively secure stock recommendations for me? Or should I pay more attention to mutual funds, as I heard that they are relatively less risky? Also, bank stocks seem quite popular, but I want to hear more honest opinions and advice from friends, so that as a novice investor, I can quickly gain a more comprehensive understanding of the stock market. I would like to thank you all in advance!
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