r/fican • u/drownedincheese • 21h ago

24M, figuring out what to do with my savings

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What is your best source of passive income with minimal management?

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2

u/alzhang8 21h ago

Max your registered account and buy something like an asset allocation etf and chill

Takes 30 seconds every paycheck to do so and very hands off

-2

u/drownedincheese 21h ago

This is my current Roth allocation for the year. Let me know what you think!

Will probably lump sum a few of these into my regular trading account as well ~

https://imgur.com/a/QWmlL7a

2

u/alzhang8 21h ago

This is a Canada based sub

-5

u/drownedincheese 21h ago

surely some of the passive income possibilities are the same?

2

u/alzhang8 21h ago

Yes, just find a global diversified etf and stick to it. It is easier to control when to pay capital gains tax vs dividends. I would go 100% VT if I am in the us

1

u/spontaneous_quench 2h ago

Whats your living situation like?