George Kamel

You use after-tax dollars, it grows tax-free, but it is an investment account. It's not a savings account. Yeah. Okay. And then the RSP is more like a traditional 401k or traditional IRA.

So you're looking for a non-retirement account so that you can invest and have your money grow at a higher rate than a high yield savings account, which I don't know what the equivalent is in Canada. I imagine the rates aren't as great as the US. Do you know what the rates are for a savings account?

So you're looking for a non-retirement account so that you can invest and have your money grow at a higher rate than a high yield savings account, which I don't know what the equivalent is in Canada. I imagine the rates aren't as great as the US. Do you know what the rates are for a savings account?

So you're looking for a non-retirement account so that you can invest and have your money grow at a higher rate than a high yield savings account, which I don't know what the equivalent is in Canada. I imagine the rates aren't as great as the US. Do you know what the rates are for a savings account?

Oh, that's amazing. That's great. And you're saying you want to grow it beyond 5%? Yeah. How soon are these goals going to happen? You're talking about a house down payment?

Oh, that's amazing. That's great. And you're saying you want to grow it beyond 5%? Yeah. How soon are these goals going to happen? You're talking about a house down payment?

Oh, that's amazing. That's great. And you're saying you want to grow it beyond 5%? Yeah. How soon are these goals going to happen? You're talking about a house down payment?

Okay. So you're 30 years old right now. You're saying there's a long time horizon for this goal. Can I invest it rather than save it? Yeah, I like that plan. I'll tell you my parameter. If the goal is longer than five years, I would say let's invest that money. If it's less than five years, I'm more inclined to put it in savings to keep it liquid. Because we've seen, at least in the U.S.

Okay. So you're 30 years old right now. You're saying there's a long time horizon for this goal. Can I invest it rather than save it? Yeah, I like that plan. I'll tell you my parameter. If the goal is longer than five years, I would say let's invest that money. If it's less than five years, I'm more inclined to put it in savings to keep it liquid. Because we've seen, at least in the U.S.

Okay. So you're 30 years old right now. You're saying there's a long time horizon for this goal. Can I invest it rather than save it? Yeah, I like that plan. I'll tell you my parameter. If the goal is longer than five years, I would say let's invest that money. If it's less than five years, I'm more inclined to put it in savings to keep it liquid. Because we've seen, at least in the U.S.

stock market, that over a five-year period of time, generally we're going to see growth. We're going to see ups and downs. But if you just look at any five-year period, generally you're going to see it go up and to the right. And so I like this plan of you putting this money to work, but I would first get the emergency fund in place and then begin investing in a non-retirement account.

stock market, that over a five-year period of time, generally we're going to see growth. We're going to see ups and downs. But if you just look at any five-year period, generally you're going to see it go up and to the right. And so I like this plan of you putting this money to work, but I would first get the emergency fund in place and then begin investing in a non-retirement account.

stock market, that over a five-year period of time, generally we're going to see growth. We're going to see ups and downs. But if you just look at any five-year period, generally you're going to see it go up and to the right. And so I like this plan of you putting this money to work, but I would first get the emergency fund in place and then begin investing in a non-retirement account.

So this would be like a brokerage account. I assume it's going to be the same in Canada that you can open up one of these where it's just a taxable brokerage account. There aren't really any tax advantages and you can just stack money away there, invest it into the market. I would choose like a mutual fund or an index fund to do this.

So this would be like a brokerage account. I assume it's going to be the same in Canada that you can open up one of these where it's just a taxable brokerage account. There aren't really any tax advantages and you can just stack money away there, invest it into the market. I would choose like a mutual fund or an index fund to do this.

So this would be like a brokerage account. I assume it's going to be the same in Canada that you can open up one of these where it's just a taxable brokerage account. There aren't really any tax advantages and you can just stack money away there, invest it into the market. I would choose like a mutual fund or an index fund to do this.

Instead of a single stock, I imagine you have similar things in your retirement accounts. And that's going to allow that money to grow, hopefully, at a higher rate over the next 10 years. Okay. I hope that helps you. I'm proud of you.

Instead of a single stock, I imagine you have similar things in your retirement accounts. And that's going to allow that money to grow, hopefully, at a higher rate over the next 10 years. Okay. I hope that helps you. I'm proud of you.

Instead of a single stock, I imagine you have similar things in your retirement accounts. And that's going to allow that money to grow, hopefully, at a higher rate over the next 10 years. Okay. I hope that helps you. I'm proud of you.

Oh, I see.