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@barbarawang_ The standard answer is if you do not want to be active in managing your investments an all in one etf with low fees is your best bet. XEQU, XGRO, XBAL or the vanguard versions VEQU, VGRO, VBAL. These basically hold a bit of most major stocks around the world and some bonds. You...

@byzantine The usual guidelines apply - Build an emergency fund with 3-6 months of liquid assets if you don't already (e.g. savings account or if you have lots of assets it could be a combination of savings and available but unused credit like a helco depending on your risk level and ability to...

@infinitas1985 Your gains can compound for just as long in a tfsa and not have future tax. If you are undisciplined maybe RRSP is better, but it is less efficient at his or her age.

@infinitas1985 At 20 years old a tfsa is most likely better. RRSP is best close to your peak earning years. It is unlikely his or her peak earning years yet.