I'm a 33yo Male with roughly $5500 in my TFSA with RBC bank at a low-medium risk. I'm a late starter obviously, but I'm committed to contributing $200 biweekly for now until my salary increases, or household costs come down.
I was playing around for a while with another TFSA on the side with Wealthsimple, just $50 biweekly, buying and researching ETFS, bonds, and individual stocks, and just learning more in general. It was supposed to be my fun savings account, but I just can't afford that extra $50 biweekly unfortunately, so I've just committed to my one with RBC for now until it grows to a bigger number, and also so I don't have to think about it for now and just focus on saving more liquidity.
I'm wondering if I should increase my RBC TFSA to medium-high risk for now, seeing as I still have a long time in the investment horizon, and then lower it back to low-medium risk when I'm older in my 40-50s, and even just transfer it all to my own portfolio on Wealthsimple one day to save even further on MER.