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  1. C

    Am I crazy to keep putting all my money into index funds the next few years even if I have enough for a downpayment?

    @theuniversetomorrow At this point I’m trying to accumulate capital and ride out the wave, I’ll probably want to switch to a more stable career path like that once I’m in the 30s
  2. C

    Am I crazy to keep putting all my money into index funds the next few years even if I have enough for a downpayment?

    @inohio Yes, and there’s little chance I get another job paying nearly as high in Canada if I do get laid off. That risk factors into my choice
  3. C

    Am I crazy to keep putting all my money into index funds the next few years even if I have enough for a downpayment?

    @inohio I’m a software dev in big tech. To be clear, I don’t think I can buy a house in cash unless there’s another historic bull run in the market, but minimising the mortgage amount is what I’m hoping for.
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    Am I crazy to keep putting all my money into index funds the next few years even if I have enough for a downpayment?

    @jjp297 I don’t want a mortgage at 6%! Might have considered it at 2% but that’s never coming back anytime soon I think
  5. C

    Am I crazy to keep putting all my money into index funds the next few years even if I have enough for a downpayment?

    @resjudicata I want to stay in Canada and Toronto’s the standout option for a number of reasons, certainly in terms of job opportunities
  6. C

    Am I crazy to keep putting all my money into index funds the next few years even if I have enough for a downpayment?

    @johnnyhouse I’m making money now, but I’m in an industry prone to layoffs and there aren’t too many other companies paying more in Canada. I don’t think housing in the GTA can go up exponentially unless there’s a big median salary increase. I’m sure it will go up, but not the exponential rise...
  7. C

    Am I crazy to keep putting all my money into index funds the next few years even if I have enough for a downpayment?

    27, no debt, car, mortgage. My net worth is around 165k 137k in Nasdaq and S&P 500 ETFs. TFSA and FHSA contributions maxed out 12k in bonds The rest in cash, haven’t checked my RRSP amount but company matches upto 4% I expect to save 90-100k after expenses this year, which should give me...
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