I started investing in equities in 1990. Prior to that I was in high school and always worked and saved but it wasn’t until a I started full time employment that I became serious about investing. Back then there wasn’t info plastered all over the internet so I read lots of books/newspaper and took some courses at night thru my local college. One of the teachers was a financial advisor and he got me investing in mutual funds. I dollar cost averaged into all my accounts registered and non registered. Knowing my non registered account would be used to purchase a house I was still 100% in equities. I was young and took the gamble. All in equities payed off as from 1990 it was a down to sideways market for a few years and with dollar cost averaging every month I kept buying low. In 1995 I got married and in 1997 we purchased our house. Another good timing moment as it was near the bottom and continued dollar cost averaging into equity mutual funds in our registered accounts.
Then being able to save slowed down mortgage/ kids/stay at home wife we could only put a few hundred away every month. I had a full-time job, and ran a company after my day job and on weekends. That’s when I realized they weren’t lying about the magic of compounding interest. In 2008/2009 great recession we were in a little better position and the house was almost paid off. We had a little extra cash to invest, over a six month period we dollar cost averaged in, were still in mutual funds although I knew how much the MER(management expense ratio) was. We stuck with mutual funds as we had a long term relationship an awsome financial advisor and over the 20 years with him, we made a lot of money with active managed funds. I was waiting for my advisor to retire before we move our portfolio over to a more passive index/ETF strategy. Unfortunately our advisor passed away before he retired. In the beginning a 2%-2.5% MER doesn’t amount to much but as our accounts grew I could see how that would effect our overall performance. We did move our accounts over to a brokerage account and into low cost ETFs . That’s how we got to where we are today.