I am new to the forums, but have been reading MDJ for some time. Here are some quick numbers on myself and finances:
Age: 27 (Wife: 24)
Income: $80K salary with perks (Wife: $55K)
Mortgage: approx $190K owing.
House Value: approx $325-340
Now that my wife and I are settled into our house, and know monthly expenses etc better, I think it is time to budget in some investment money every month.
I am thinking that I will start out small ($300-400 monthly), and invest in Mutual funds. The RRSP will provide a nice tax return, and that can go against my mortgage.
I am looking for more info on Self-Directed Mutual funds. Where is a good place to begin? Would something like TD's eStock allow me to purchase into DRIPs as well? I thought that a small investment into DRIPs may also be a good thing.
Where do I start?!