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About DarkRoastBlaq

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  1. Thanks for the compliment and reaching out. I think the difference is somewhat negligible between the S&P500 index and the US total market index. If you take a look at the link below and scroll down to the end of the equities ETFs you can see that the S&P500 index has lower management fees and has outperformed the total market index over the last 5 years. I chose Vanguard because they are reputable. The S&P500 represents the 500 largest companies on US exchanges. It is a market cap weighted index which means that the 10 largest companies account for approximately 22% of the index. So if you choose that, you are putting a bit more faith into the largest public companies. You'd be more diversified with the US total market but you'll likely have a lower return over time than if you went with the S&P because you are taking on less risk. Also the US total market fund has higher management fees. You could also decide to split your money between the two and see how each performs over time, then move more of your funds into the index that performs better. Overall, it really depends on you and your husband's risk tolerance and your investment horizon, but I really don't think there is a huge difference and you can't go wrong with either. Hope this is helpful. https://www.vanguardcanada.ca/advisors/products/en/overview/etf EDIT: Forgot to mention that a good book on investing is called "A Random Walk Down Wall Street: A Time Tested Strategy for Successful Investing" by Burton Malkiel
  2. Congrats on becoming net worth positive, that's a huge accomplishment and it requires a lot of financial discipline. I'm a Master of Finance student and was fortunate enough to work in the high finance industry. I'm not a portfolio manager, but took a portfolio management course last semester. I would personally pay off the remaining LoC and any other debts (car payments etc.) asap, then max out TFSA. Afterwards, start saving for an emergency fund -- account for royal college costs in this. I can't tell you how much to save because that really depends on your own personal situation, which I don't know enough about. Also, how much you invest in equities versus fixed income securities using your TFSA is entirely up to you and your risk tolerance. Are you going to feel tempted to try and time the market if you see small fluctuations in your portfolio? A very risky portfolio tends to have a higher return, but if it's going to tempt you to try and time the market (which is virtually impossible) this could lead to high transaction costs from frequent trading and decrease your overall return. If you feel you are disciplined enough then I would invest in index ETFs, they have lower fees and track an index. I would personally use these for long term investments (40+ years) and reinvest the gains. Compounding interest is a beautiful thing. Personally, I would stay away from mutual funds because after fees they tend to underperform the benchmark (S&P 500). There is a ton of literature on this. At the end of the day, I would be patient as there really is no huge rush to invest. Take the time to learn so that you feel comfortable. Try to find a good financial advisor -- someone who teaches and challenges you rather than either (a) being a yes man/woman or (b) giving you advice without backing it up. There are a lot of bad financial advisors and portfolio managers out there and it is a lot easier to lose money than it is to make money. Take your time to seriously vet them before investing your money. Don't trust anyone who promises extraordinary profits on your investments. Investing is a long game centred around minimizing loss rather than maximizing gain. Always remember, it is YOUR money and YOU worked hard to make it. They are your potential employee and you should not feel obligated to invest with them. Feel free to DM me if you have any questions. Always happy to help.
  3. That's also a possibility. They could also include psych/soc in their assessment of the MCAT.
  4. If you're not SWOMEN I would not bank on the cutoffs lowering. Admissions are only getting more competitive and this new criterion is a testament to that. Just my $0.02.
  5. I'm still on the wait list. Have not received a class is full email.
  6. I can’t answer your other questions, but I know someone who was accepted into the MD and then switched to the MD/PhD after 2nd year. They were heavily involved in research for those first two years. I’m not sure how common a story like this is though.
  7. Should we expect another wave of calls, or move on with our lives?
  8. Damn, I hope your wrong and there are more than 40 lol. Thanks for clarifying @rmorelan! I’ll just wait patiently.
  9. How accurate do you think the Facebook group is at estimating the number of spots left? The total, minus admins, and what seems like fake accounts gives me 54 spots remaining.
  10. They will probably take a few days to go through the high waitlist and then a few weeks to go through the normal (if at all).
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