Hi yall, now that January is closer, we can contribute more to our TFSA. The annual contribution limit for 2025 is $7,000, confirmed by the CRA. With a new contribution room available, where will you be investing your money? My TFSA journey began a couple of years ago, thanks to a chat with some buddys who were totally hyped about its perks. At first, I was like, "Yeah, right?" but my curiosity got the best of me and I dove in....
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WeedStreet
:
best way to automate buying ETF's and contributing to TFSA?
Bravo Jordan
WeedStreet
:
You can set up recurring payments in the moomoo to buy ETFs. The moo-moo will withdraw money from your account and buy it automatically.
WeedStreet
Lauren_investement
OP
:
What I want to do is deposit $200 monthly into my TFSA and at the same time buy max XEQT with it. should i just cancel the auto deposit of $200 and then under automations turn on recurring investments for $200 every month?
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The Bank of Canada has consecutively lowered its interest rate by 25 basis points to 4.25% for the third month in a row, aligning with market expectations. This marks the third rate cut since the initial reduction in June, driven primarily by sluggish economic growth, a high unemployment rate, and easing inflationary pressures. Inflation levels and employment figures are the key data points closely monitored by the...
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WeedStreet : best way to automate buying ETF's and contributing to TFSA?
DanDha : Great read, thanks!!!!
Lauren_investement OP WeedStreet : You can automate inside the tfsa account in moomoo.
Bravo Jordan WeedStreet : You can set up recurring payments in the moomoo to buy ETFs. The moo-moo will withdraw money from your account and buy it automatically.
WeedStreet Lauren_investement OP : What I want to do is deposit $200 monthly into my TFSA and at the same time buy max XEQT with it. should i just cancel the auto deposit of $200 and then under automations turn on recurring investments for $200 every month?
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