Hello all, here's a bit of a deep seeded question so I'll give a little back story to help clear up some details.
I recently had to sell my house and find a new job due to the pandemic, the job I found is great, and even pays more than my previous one. The downside, it's in an area that houses are way above my ability to offer.
I'm the soul provider for a family of three and we found a place to rent that we can easily afford and save money while doing so.
With the sale of the house we have equity that we can use to pay off our debts, up some into savings and still have some to use, preferably for investing.
I'm aware that the YouTube channel and the website are American but is there any advice for someone in the great white north that's new to investing?
I have never invested in the past and as the old saying goes.. hindsight is 20/20. I'm trying to wrap my head around as much as possible before diving into anything.
I guess it boils down to the question. Where is the best place to start in terms of investing? And what percentage of the equity would be wise to start with as an initial investment.
Thanks all, love the channel and appreciate all the help and information!
The Canadian Guy