New grad advice - I’m 22 and have 27,000 CAD saved up. No student loans or any debt. I want to use the $ for my MBA 2-3 years from now. Please share investment advice? I’m based in Canada and will use the Tax Free Account / TFSA. Thank you :)

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If you want the money in 2-3 years. Don’t invest it. Keep is safe

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I don’t completely disagree but depends if they have flexibility when they need the funds. The SP could easily be down for more than a couple years. Putting a portion in SPY and leave some in HYSA may be an option, but really depends if they are potentially flexible

Do you have a college / Ed savings option? In the US we have a 529 plan that makes college savings tax free at a state level. Captures that much extra in value.

Highly recommend using YNAB (You Need A Budget) and assign most of it to your tuition and save up and continue budgeting until a target goal. If you want to get started with it let me know :)

Yes, put it in some GIC or something. Low returns but assurance that you can have it at same level in two years. With that being said, putting your money in SU or BCE is relatively safe but does come with ups and downs

Are you going to go to school in the US?
If you are, make sure you max your RRSP contributions even without matching - you’re able to take out from your RRSP to pay for school without penalty and have the cost of school reduce that year’s taxable income on your Canadian taxes.
Note: not the amount you on for school, the actual cost itself.
So even on scholarship I was able to take out my RRSP contributions tax free in my lowest fiscal year while in school because school in the US costs so much.

Nothing to add to the other comments - investing on a 2-3 year horizon would be investing like a 65+ year old, GICs, high interest savings accounts, or other safe instruments is probably best.

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