Maximize my investments and build an emergency fund! | YouTube shorts

Hello there, fellow investors! In this short video, I share my investment strategy and how I plan to build my emergency fund. Stick around to learn some smart money moves!

First, let's talk about my $100 investment. I decided to divide it evenly into $50 each. With one half I buy a VDY share, which stands for Vanguard Dividend Appreciation ETF. This investment will help me diversify my portfolio and earn some passive income.

What am I going to do with the remaining $50? Well, I have big plans for it! I want to strengthen my emergency fund, especially after a year of rising expenses and unexpected costs. With this amount, I will gradually add $50 per week to my cash reserves.

But wait, there's more! I also want to invest in the long-term growth potential of the stock market. That's why I'm going to use some of my money to buy fractional shares of VFV, the Vanguard S&P 500 index ETF. By using dollar-cost averaging in this investment, I want to benefit from the overall growth of the stock market over time.

To summarize, I'm splitting my $100 into two parts: I'm investing $50 in VDY for dividend income and buying fractional shares of VFV to take advantage of the market's growth. The remaining $50 will be spent on gradually strengthening my emergency fund.

Thank you for joining me on this financial journey! Make sure you like and subscribe to stay up to date with my investing strategies and tips. Remember: it's about making your money work smarter, not harder!

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The stocks and ETFs currently in my TFSA Wealthsimple TFSA Trade Portfolio are:

XEQT – iShares Core Equity ETF Portfolio (NEW)
YTSL.NE – Tesla (TSLA) Yield Shares Purpose ETF
BAM.TO – Brookfield Asset Management Inc.
DIV.TO – Diversified Royalty Corp.
UMAX – Hamilton Utilities Yield Maximizer ETF
SOT.UN – Slate Office REIT
VDY – Vanguard FTSE Canadian High Dividend Yield Index ETF
VFV – Vanguard S&P 500 Index ETF
ETC – Evolve cryptocurrencies ETF
BTC.Y – Target Bitcoin Yield ETF
RNW – TransAlta Renewables Inc.
CMC.V – Cielo Waste Solutions
GRN – Greenlane Renewables Inc.
BEP.UN – Brookfield Renewable Partners
T.TO – Telus Corporation

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RECOMMENDED INVESTMENT BOOKS –
The psychology of money – https://geni.us/NtftuL

Disclaimer: I am not a financial advisor and these videos are for educational and entertainment purposes only and not for financial advice.

#TFSA #Wealthsimple #Investing

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