Before I point you where to go, let me explain what I'm showing you. 

  1. Warren Buffet, the king of investing, says that unless you want to make investing your full-time profession, which gives you a shot at getting in the 20% of investment funds who beat the market, the best investing option for the layperson is to invest in the index (the numbers on this are here).

You can think of this like some people picking cherries in an orchard, aiming for the largest average size of cherry. Investment funds are 10 people going around looking for the best cherry trees at the start of the season, and buying the whole index is just picking all the cherry trees in the orchard. At the end of the season, when the average cherry size of the whole orchard (the index) is compared to the different combinations that each group of people has picked (different investment funds), on average, less than 2 of the 10 people will have picked cherry trees that produce an average cherry size higher than the average of the entire orchard. And year to year, the two people change, so over 10 years, if you want to beat the entire orchard, you're going to have to pick the right group 10 times in a row. 

So, if we want the highest average size of cherry, we just bet on the whole orchard. 


  1. There are not that many stock indexes, but it is widely believe that the S&P 500 is the most well-diversified, which is important in investing. Since we are in Canada, it's best to get a fund that is CAD hedged (if you're investing using CDN$)
  2. Many companies offer a version of the CAD hedged S&P 500 index (list here - click "Other Featured Families"). For us, if we want to make the most money, it's important we pick the one with the lowest fee. In my research, this is Vanguard.
    1. You can find their fund here

  3. Go to your bank, open a self-directed brokerage account, and put your money in the Vanguard fund. (Or, to save money on transaction fees, open a Questrade account)
  4. Continue investing a pre-determined percentage of your paycheck into this fund, until you have enough to retire. 

For further reading, check out these articles: one, two, three