Tuesday, 9 June 2020

Changing Saving Strategies

So, there I was, looking at the sizable jump in the value of one of my investment vehicles last Saturday Morning.

The amount that it jumped up was a pleasant surprise but also told me that the window to invest is shorter than I had thought.

So, rather than split my savings into going into my Mid-Term Account to fund it back to its usual level and my TFSA, I am putting all of my Savings Money, into my TFSA, and the Market.

My focus now is to max out my TFSA as soon as possible, and it looks like I will do that late next year.

We shall see how things go, as that is too far out to set any certain plans, but at least I have confidence that I will max out my TFSA by late next year.

What the savings/investing strategy will be after that, who knows. Other than put the maximum I am allowed to put into my TFSA on January 7 of each successive year, that is.

One again, Dream for the future, plan for the mid-term, but work on the now.

That and be adaptable, always be free to change up your plan when you feel the need.

As always: Keep your head up, your attitude positive, and keep moving forward!

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