I am 19 years old (in Canada) and have heard that "Low Cost" index funds are a safe and highly profitable way to invest small amounts of money each month.
My aim is to invest every month until I am ready to retire (I'm guessing about age 65), and then withdraw my investments for a solid profit.
I am not looking for Index Funds in general, but specifically low cost index funds.
I have tried looking online, and have found "Vanguard FTSE All-World ex Can". However, I am unsure if this is even a low cost index fund, at all.
If anyone knows of any good-great low cost index funds, please share them with me. Mind you, my money will be in the index-fund for 40 years or more, so I would prefer if the company is stable in terms of the "long term".
Thank you for any help. All help is greatly appreciated.