22 - The Snowshoe Stragey, Diversification 101 and when to use a HELOC
Two Girls Investing Podcast · Two Girls Investing Co.
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Show Notes
In this TGIF Two Girls Investing Friday episode, Jess and Colleen discuss building wealth without jargon by focusing on diversification and how home equity lines of credit (HELOCs) fit into mortgage and debt strategy. They explain why a diversified portfolio helps manage risk, using a “stiletto vs. snowshoe” analogy, and Jess shares her own mix: mostly stock ETFs across the US, Canada, and global markets, plus some high-dividend ETFs, a small allocation to bonds and gold (via a gold ETF), and an emergency fund in a high-interest savings account, all held on Wealthsimple due to low fees. They define key terms like stocks, ETFs, bonds, and bond maturity dates, including all-in-one portfolio ETFs. They also cover HELOCs as secured credit with lower rates, best used for debt consolidation or value-adding renovations rather than depreciating purchases, and preview a future episode on debt payoff and credit score strategies.
00:00 Welcome to TGIF
00:34 Friday Money Mindset
01:58 Why Diversify
02:34 Snowshoe vs Stiletto
04:24 Jess Portfolio Breakdown
05:15 Platforms and Fees
06:37 ETFs Stocks Bonds Explained
09:15 All in One ETFs
11:30 Individual Stocks and Gold
13:08 Start Small Keep Learning
14:46 HELOC Basics
16:39 Using HELOCs Wisely
21:32 Debt Payoff Updates Next
22:50 Wrap Up and Follow