My Wealthsimple rank: - TFSA in the 1999 age group is 94th - FHSA in the 25-29 age group is 214th These are both crazy numbers and it took me 6 years to get to this result. The thing about investing is you’re either really lucky or have a sound strategy. These are the 3 things I did to get to this number without making a crazy income: 1. Consistently Invested 🎢 I learned in 2022/2023 that a lack of consistency was destroying my portfolio. I became complacent and stopped investing all together for a couple years, which ultimately diminished my total portfolio as I was not DCA’ing in to my long positions. Consistently catching red days and movement up is how you win. If you don’t participate in the market, you don’t get to reap the benefits and you also lose focus on trying to get better everyday. This goes with anything in life. You HAVE to be consistent. 2. Keeping Conviction 🤞🏾 It’s easy to see your stock go down 20% and think it’s over. That isn’t how life or the stock market works. Healthy pullbacks, market sentiment, and geopolitical conditions are all part of the game. I sold some amazing companies like $PLTR $ATZ and $TSLA many years ago and look at where they are now. If a companies vision, financials, and performance have not changed, it is an indicator to possibly double down instead of being scared. 3. Paying Myself First ✅ This is truly the reason why my portfolio has reached this level. My money goes to my investments first. My investments have been my biggest bill for the last 3 years. Simultaneously, the markets have been extremely generous, pushing my portfolio to almost 100% in total gains. If you pay yourself first, you prevent yourself from overspending or even possibly going in to debt to live your daily life. Moving forward my top positions that I suspect will push me even higher are $AMD$SOFI$ZNQ and $AMZN. I don’t plan on selling any of these until 2028 at the minimum.
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8 Comments
Joshua
@joshua_div · 5h
My Wealthsimple rank: - TFSA in the 2001 age group is 236th - FHSA in the 25-29 age group is 178th
Jared LaMarsh
@nettspend · 5h
just absolutely insane
Matt @tissuet · 3h
🤦♂️
AMDY
@penjen · 5hEdited
How come my wealth ranking only has overall and TFSA? It doesn't do my RRSP? I also do not have portfolio pulse still I'm so pissed. Amazing results. I'm top 0.2% in my age group for TFSA. But I'm on the later portion.
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