Investing Money to Invest Money?

[Cameron Chambers]

Hello!

So I’m a young lad who has been saving money towards a down payment for my first property.

Is it worth investing this money into some bonds or etfs while I’m still saving for the next year or so? (I plan on contributing to my Self directed RRSP to use my first time home buyers plan).

I’ve never invested in the stock market as it doesn’t seem as safe as investing in RE (I suppose I may be naïve)

What do y’all think? Implement investments in etfs/bonds, or just keep saving until I can put it towards a property?

THANK YOU

[Kenton LeVay]

I think saving money in the bond market is a safe play. You could store that in the stock market but it is riskier considering you have a defined timeline of when you'd want to liquidate. I'd chase for a return that at least eclipses inflation (2%-4%) because if it's just sitting in a Savings Account there will be an opportunity cost of not investing.