Okay so you do not like finance,
please at least take the next 15 minutes to finish these steps, you won’t have to touch anything afterwards ever again if you don’t want to.
| (if you are 18 or younger, it is highly encouraged to check out the “pitfalls” page to avoid things that could make your life much more difficult in the future) |
| 1. Sign up at www.wealthsimple.com/invite/ |
2. Once logged in, select “Open an Account.” – Choose “Tax-Free Savings Account (TFSA).”  Make sure to choose Self Directed, this allows you to pick the stocks you like and manage the portfolio yourself. – Follow the prompts and provide your personal details, including your SIN. 3: Fund Your TFSA – Click “Add Money” Link your bank account and transfer funds. – E-transfers usually take a few minutes, while bank transfers may take a day or two.  -Make sure to click “Recurring Deposit” and set a recurring deposit that you can afford! Some suggest 20% of your monthly income. It can be as much as 50-100$, JUST GET STARTED NOTE: MAKE SURE TO NOT GO OVER CONTRIBUTION LIMIT WHEN SETTING UP FUNDING for more information on limit visit: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/tax-free-savings-account/contributing/calculate-room.html 4. Type XDIV in the search bar and purchase this holding with the amount you deposited. 5. Next go to “settings” and then click “automations”. Make sure “dividend reinvestments in enabled  Also make sure to create a recurring investment for XDIV, type in XDIV, click “trade” ->”buy XDIV” and set the recurring investment for monthly.  This will fully automate all your investments, you’re done. You don’t have to do anything else ever again. here is a youtube video (no affiliation to this site) if you prefer: https://www.youtube.com/watch?v=O09_q306-Tg |
check out the become a millionaire calculator to see how long it will take you to become millionaire
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