Best fund for non-registered? (TFSA/FHSA maxed...)
I've found myself in a fortunate position to have maxed out my FHSA (opened last December, so effectively $16K this year although I have zero plans of ever buying), as well as my TFSA and I have $10K carryover from last year in my RRSP (still plenty of room). I am self-employed and next January/February I'll have a better idea if my RRSP could use a top up to take me to the bottom of a given tax bracket so I'd rather not over contribute again. Although I may make some small contributions throughout the rest of the year to DCA into some holdings there.
While I invest in individual stocks in my non-registered I am looking to deploy an 80/20 rule for the rest of the year where 80% goes into an ETF and 20% DCAs into my stocks. The thing I'm struggling with is what ETF to park that money in. Ideally this is what I'll take from in January when it's time to top off my TFSA (and probably FHSA again) - this will mostly go into CAGE & XEQT. I want the money to remain invested, so putting it in something low interest but guaranteed is pointless. If I could put it into my TFSA today I would, so I'm fine taking the hit on a down market.
My default strategy is going about 75-80% on CAGE/XEQT in my other accounts, should I just deploy that logic here and skip the tax advantages of pure Canadian dividends or a swap fund like HXS in non-reg?
I already have a very sizeable amount of XDIV and VDY for CAD dividends in my margin account ($70K borrowed but I'm well in the green at 4.45%) so that is probably enough Canadian exposure... LTV is under 30% so I'm quite safe there and will keep servicing the interest probably forever at this rate.
What would be your set and forget non-reg etf? I'm not looking for any covered call funds as that's pure fools gold (10 year horizon or so why knee-cap the upside and complicate taxes with ROC etc...) although something deploying leverage is fine.
XEQT/CAGE? Just one of them? HXS? I know I'm overthinking this but I can't seem to settle and would rather keep it more aggressive than a GRO or BAL fund.