[Ken07AOVette]

People have to do what works for them. There is no formula.
The only sure way to have money put aside is to control spending and work.
Everything else is a lottery.
When I hit a certain amount in my savings every damn time I went into the bank the tellers were asking about my investments.
'You should set up a meeting with our investment team'
'Have you got your RRSP'S done for this year's?
I go in for a deposit into my account after being at the same bank for 40 years and the recently relocated 30 year old filipino is telling me what I should do with my money. (Dont read into that, half the tellers at my bank are ftw's from the Philippines).

I had phone calls from the bank constantly wanting me to meet with an advisor, and trust me it is not a lot of money. The last time it happened after telling them to never ask me again I called for a manager, and told her to close my personal and corpor6accounts immediately. I was just plain tired of it. She put a note on the computer and they have not asked me since.

People with a million dollars in their account must need a secretary just for the calls from investors.


If you have spare money to gamble with by all means go for it, but remember every investment banker or advisor is paid on commission. They are there to make their company money off your money and give you a little portion back.

Personally I prefer having full access to my money without penalty or permission, if I see something I want I take my cash out. Locking in my money for a year for 1.5% makes no sense at all to me.

It may work for others though.