Copper1212
New Member
I'll keep this short and sweet....I'm young, I have $16,000 (all matured) in Canada Savings Bonds. What should I do?
Most of the growth in the stock market has historically come from dividends. .
You're exposing yourself to a substantial amount of risk, only being invested in a few stocks.
I would avoid trying to pick stocks. I don't think $16,000 is enough to have a reasonably diversified portfolio.
Look into index funds. I've been shopping around and I've decided to go with ING's Streetwise Growth fund. It's 25% Canadian equity, 25% US, 25% international, and 25% bond. If you want to avoid risk in terms of trying to time the market, you can periodically buy a fixed amount in $, leaving the rest is a high interest savings account (3% or so).