Monday, 4 June 2018

Jon Chevreau shares the smartest investment he ever made, the dumbest, and how he got to be the money guru he is today

Jonathan ChevreauWealthsimple

  • Canadian money guru Jonathan Chevreau has made his share of good investments.
  • He said the smartest investment he ever made was buying Apple stock right after the iPod was launched.
  • But that was quickly followed by his dumbest move: selling the shares one year later. 


I guess I'm sort of the poster child for saving.

I’m a writer, and writing involves taking the sacred oath of poverty—it's not really the most lucrative profession. But my wife and I, we always saved as much as we could. From the moment we got married, which was 27 years ago, we maximized our RSPs, and we maximized our TFSAs. The smartest investment I ever made was buying stock of Apple Computer right after the iPod was launched. It was about $5,000 in my RSP. That $5,000 would be probably worth $1 million today.

See the rest of the story at Business Insider

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