I Opened An FHSA! My First Home Savings Account Investment Strategy

I’ve officially opened up an FHSA, or a ‘First Home Savings Account’, aka Canada’s newest registered investment account. In case you missed it, in April 2023 the Canadian government launched this new account to help people with saving for their first home. Now, last year when this account first launched, I wasn’t in a place with my money and investing journey to open one up - I was still working on maxing out my TFSA, first. I officially was able to max out my TFSA a few months ago, so I'm now ready to open up a new investment account - aka, the FHSA! In this video I'll break down why I'm opening up an FHSA, what I'll be investing in within my FHSA, and other investment options you could consider, too. 0:00 I opened up an FHSA! 1:25 Why am I opening an FHSA? 2:55 How long will my money be invested? 5:23 What are the best FHSA investment options? 7:40 What investment option I’m choosing 10:11 Open up my FHSA with me ➡️ Simplii Financial - Our No Fee Chequing Account (up to $400 bonus) - https://api.fintelconnect.com/t/l/65a... ➡️ EQ Bank - Our High Interest Savings Account - https://click.linksynergy.com/fs-bin/... ➡️ Wealthsimple - Our High Interest Savings Account ($25 bonus) - https://wealthsimple.com/invite/WQJFTG ➡️ Wealthsimple Self-Directed Investing - Our Favourite Stock Trading Platform ($25 bonus) - https://wealthsimple.com/invite/WQJFTG ➡️ Wealthsimple Managed Investing - Our Robo-Advisor Investment Platform ($25 bonus) - https://wealthsimple.com/invite/WQJFTG ➡️ American Express Cobalt - Our Travel Rewards Credit Card (up to 22,000 points) - https://americanexpress.com/en-ca/ref... ➡️ Neo Financial - Our Cash Back Credit Card - https://neo.cc/refer/N8U6K3S9 ➡️ Questrade - Low Fee Investment Platform Canada ($50 in commission free trades) - https://questrade.sjv.io/AWa9jo ➡️ Borrowell - Free Credit Score Check - https://api.fintelconnect.com/t/l/612... The links above are affiliate and/or referral links that provide us compensation when you use them to sign up. Thank you for supporting our channel! Website - stephandden.com Instagram - @stephandden TikTok - @stephandden ➡️ YouTube Filming Equipment - https://amzn.to/3HrWA4i ➡️ YouTube Editing Equipment - https://amzn.to/3RXBsri The links above are affiliate links - Steph & Den are Amazon Associates and we earn from qualifying purchases. Disclaimer - This content is for education and entertainment purposes only. Steph & Den do not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.