r/TFSA_Millionaires

31M - 1 year investing, looking for a bigger move

I made some money flipping a house, bought another with my wife and had some extra cash to invest in the TFSA. 1 year in the TFSA so far with moderate gains jumping around in AI, nuclear, energy, etc. This month I've been transitioning more into AI.

I also have a LIRA with mostly dividend growth ETF's I'm comfortable adding more risk to as well (Only 4 months invested so far).

Looking for a big risk play to hopefully get some larger returns.

Any advice is welcome, Thanks!

u/evanhauk — 7 hours ago
▲ 3 r/TFSA_Millionaires+1 crossposts

Is this spread out enough for decent volatility

I’m 18 and looking for a decent portfolio and I’m not sure if this is good enough. Please let me know!!

u/Big-Strength-6356 — 10 hours ago
▲ 1 r/TFSA_Millionaires+1 crossposts

Would you give a humanoid control of your dollars, like its your financial advisor & accountant at the same time?

Some folks say they are open to AI taking control of their finances. I am not sure however whether they would also be open to have a humanoid take control.

To me, granting a humanoid power over your budget & financial matters would be a little dicey at this stage of the tech development; perhaps into the future? So, I don't know if I would. Even AI generally, I probably have to think twice about doing so; most definitely won't for quite a bit into the future.

Don't know about you; would you?

u/69-Kishaaq1 — 21 hours ago
▲ 0 r/TFSA_Millionaires+2 crossposts

Another Consumer Defensive buy at today's new 52 wks & multi-year low yielding 7.8%. I love Campbell Soup when its on sale. This follow my buys on DEO, CLX and GIS.

u/IM1IAB — 1 day ago

23 M , started 1 year ago.. any tips?

My Major losses are in some bad decisions I made doing options and thats in non-registered.
I started investing last year in April…
Posting here to get any tips that you guys have.
Thank you !

u/Icey_Bruh — 1 day ago

0% shares 100% LEAPS Aggressive TFSA

I just hold 6 names in my TFSA all in leaps. I don’t think about it and just pretend it doesn’t exist.

u/iloveaccounting64 — 1 day ago

Talk me out of ULTY

So here is the situation:

I have a very good pension, it should pay roughly 70,000$ a year, it is indexed to the cost of living up to 3.5%.

I have two non-tax advantaged investment accounts worth around 200,000$ in total where I hold a mix of ETFs, mostly growth ETFs.

I have three RRSPs, one that I manage worth 70,000$, it mostly has high dividend ETFs which I reinvest into growth ETFs. It’s growing well, one that is managed by CL that gets a 6%-6% salary contribution from me-2nd employer. The last is managed by Desjardins and is just there growing.

My house is completely paid off.

I am 40 and would likely work until the age of 62, when I can take my pension without any penalties.

My TFSA holds just a little under 300,000$, I want to invest the lot into a very high dividend ETF (ULTY) and invest the proceeds into a second ETF that yields less, that would then go into a third that is safer, and all the way down to bonds. The point being to build kind of a complex drip starting with the riskiest position. If I did this, I’d have 3100$-3500$ a week to invest. When I retire, the dividends would be 30% reinvested, the rest I’d withdraw as income. The goal is to leave the principal untouched in retirement and pass on my wealth to my family as an income bearing trust.

If my plan works and my modelling is correct, I’d have income well into my safe spending zone and have little financial restrictions during my retirement.

Given my sound financials, is my plan a good one or should I be talked out of it?

reddit.com
u/NicePhilosophy1676 — 1 day ago

22M TFSA Progress

Obviously ridiculous returns for someone my age got pretty lucky.

I was 100% RKLB (Bought first shares at 4 but average is ~10) trimmed some at 70 and diversified but with the recent run up it went from 70% of portfolio back to 85%.

Still very bullish about the company think we see dips after SpaceX IPO but long term still extremely bullish if they can continue executing

Edit cause people are asking: this is all from $39,500 invested

u/Future_Barracuda_952 — 2 days ago

I was surprised by my TFSA rank, better than expected

40m, I was surprised by my TFSA ranking, considering how much time I wasted investing in GICs. I expected it to be much worse, but of course, this is only compared to others at Wealthsimple. Now, I have the entire account invested in XEQT. I'm only 7K away from entering the 2%, still a long way until the 1 million TFSA I'll be 60 at that point, but like the tortoise and the hare slow and steady can win the race, so I won't be switching strategy.

Edit

Complete portfolio breakdown, I wish the government was a bit more generous with that TFSA room lol

Total Portfolio: $1,038,865 CAD

Me ($773,838 — 74.5%)

  • RRSP: $319,727 (30.8% of total | 41.3% of mine)
  • TFSA: $183,495 (17.7% of total | 23.7% of mine)
  • Non-registered: $156,969 (15.1% of total | 20.3% of mine)
  • Cash/HISA: $98,148 ( 9.5% of total | 12.7% of mine)
  • Crypto: $12,990 ( 1.3% of total | 1.7% of mine)
  • Chequing: $19 ( 0.0% of total | 0.0% of mine)

Her ($265,037 — 25.5%)

  • TFSA: $149,182 (14.4% of total | 56.3% of hers)
  • RRSP: $67,753 ( 6.5% of total | 25.6% of hers)
  • LIRA: $47,492 ( 4.6% of total | 17.9% of hers)
  • Cash: $602 ( 0.1% of total | 0.2% of hers)
  • Crypto: $8 ( 0.0% of total | 0.0% of hers)
u/GreatComposer85 — 2 days ago

M19, started in March

Any feedback welcome, I deposit 100-150 bi-weekly from my job and was wondering what helps me over time.

u/CashMoney8889 — 2 days ago
▲ 7 r/TFSA_Millionaires+2 crossposts

Wanting advice 18m

Hi guys, I made a mistake when I sold my other portfolio and transferred USD into CAD and lost 30 Dollars.
It kills me every day lol but other than that from the pictures I attach am I doing alright?
Working in the summer and still in high school!

u/Big-Strength-6356 — 2 days ago

19M, any advice?

My target is for long term growth and investments. I am currently a student studying software engineering and I invest when i get my co-op paycheques or sometimes part time paychecks.
Long-term wealth building is the main goal, 20+ year horizon — I'm 19 so full equity, no bonds, no income plays. Core is roughly 60% global equity through VFV, XEQT, and QQC giving me US large cap, global diversification, and Nasdaq tech exposure, then ~20% international through XEF and ZID for developed and India emerging markets, ~9% Canadian financials via ZEB, and smaller satellite positions in SHLD, CNQ, ZCN, and 3% ZGLD as a non-correlated ballast. Overall philosophy is buy-and-hold index investing with a tilt toward sectors I have conviction in, contributing ~$100/ETF per paycheck and letting compounding do the work in my TFSA. That said, I'm also open to some short-term high-risk plays for aggressive growth on the side — just keeping that separate from the core long-term strategy

u/Lucky_Success8450 — 3 days ago

If SpaceX, OpenAI, and Anthropic all IPO’d tomorrow, which one would you buy and why?

All three are shaping the future of AI and space, but in totally different ways, curious which one Reddit thinks has the strongest long‑term upside.

reddit.com
u/Effective_Egg_7166 — 2 days ago