One of the things I wanted to do after paying off the TD loan was to invest some more. At work I've now increased the RRSP deduction to 2% of pay. It used to be 1%. I started out at 1% around a year ago.
The company matches up to 3%. This is a great investment. For every dollar of my own I spend the company adds a dollar. Plus on the income tax you end up getting around half of it back due to the tax deduction. So matching RRSP is a good deal with 150% profit plus whatever returns the investments make.
The RRSP scheme is set up with manulife. They have a well designed web site with a login section specific to my company. It was easy to navigate around and see what I have there. Due to good luck my investments have done OK so far. As it happens I joined around the time of the TARP crisis last year when SPX was around 700, NASDAQ around 1400, DOW 6000 etc. Since then they have recovered a fair bit so that was timely for me.
I did change my investments though. Before it was a 'balanced' scheme based on allocation funds. I decided to change the percentages going forward to a more conservative approach. There's still some allocation, i.e. stock market, funds. But I've added more bond and fixed income.
Since I'm getting 150% profit anyway on money spent it's valuable to preserve those wins. Plus it would be nice to actually retire some day. So it would be unfortunate to have the account wiped out. Not that I'm anywhere near retirement. The other thing is I see the RRSP part of investing as safer and more conservative.
I'm also interested in making more speculative, unconventional, self directed 'investments' outside of RRSP. So I might be more willing to take risks outside of the RRSP and play it safer inside the RRSP. That kind of makes sense to me.
Hopefully this 2% deduction will go well. I'll plan to reevaluate in around 6 months or so and aim to set it to the max 3% deduction.