Would it be better to hold VDY over VFV long term when I already investments have in XEQT and QQC?

Hi,
I m new to the investing game. Quick question about buying an ETF like XEQT in the TFSA.,
since XEQT has a mix of both canadian and US stocks, do you get taxed extra on TFSA?
I have heard that buying US based stocks in the TFSA has some extra tax implications, could anyone confirm what they are? and whether ETFs like XEQT are subjected to them?

Thank you for taking out the time to answer my query. Appreciate it!

Hi everyone,

I’m looking for some suggestions and guidance on investing in Canada.

I currently have around $50,000 invested through a big bank’s managed portfolio. When I first started investing, I had very little knowledge, so I relied on the bank to manage my investments. Now that I’ve learned more about investing, I’d like to take control of my portfolio and transfer my investments to Wealthsimple.

Recently, I spoke with a financial advisor who suggested moving some of my money into insurance-based investment products, such as IAA and Equitable Life. Since I’m still relatively new to managing investments myself, I’m unsure whether these products are suitable for my goals or whether I should focus on a simpler investment strategy.

I’m starting from scratch with self-directed investing, so I’d appreciate advice on the following:

• Would a low-cost, diversified ETF portfolio be a good starting point?
• Should I consider insurance-based investment products, or keep insurance and investments separate?
• What would you recommend for someone who wants to build long-term wealth while keeping fees low and managing risk?

I’m not looking for quick profits or speculative investments. I want to make informed decisions and build a solid long-term investment strategy.

I’d really appreciate hearing about your experiences, recommendations, and any mistakes I should avoid. Thank you!

Hello, this is my first time writing here.

I am 31 years old I started investing last year in october in my TFSA and someone close to me recommended this portfolio for 30 years + horizon in the stock market: 40% VFV, 30% XIC, 20% QQC and 10% FBTC. I dca 20% of my paycheck every 2 weeks into it. I've been reading recently about VEQT... So my question is should I sell VFV and XIC and buy VEQT instead? Keep the same ratio with the others... So 70% VEQT, 20% QQC and 10% FBTC? i will not sell during a downturn, never. I take it like black friday, it is cheaper :D

Thank you :)

Hey everyone,

I’m coming up on almost 1 year of investing and I’m looking for some feedback on my TFSA portfolio.

I’ve been thinking about simplifying it a bit because I’m starting to realize I may have quite a bit of overlap, especially between some of the ETFs, while also being more exposed to Canada than I originally intended.

Here’s my current portfolio:

• VGRO: ~35%
• VDY: ~15%
• XEI: ~10%
• ZRE: ~10%
• HDIV: ~10%
• AAPL: ~7%
• MSFT: ~7%
• NVDA: ~6%

I also have around 6 months of necessities in CASH.TO, which is essentially my emergency fund.

What I’m considering

My initial thought is to make the portfolio a little more internationally diversified and remove some of the overlapping dividend-focused ETFs.

The rough idea would be:

• Reduce CASH.TO from ~6 months → ~3 months, freeing up a decent amount of cash
• Sell XEI completely
• Sell HDIV completely
• Put the XEI + HDIV proceeds into VXC
• Invest the money freed up from CASH.TO across the portfolio according to whatever target allocation makes sense rather than automatically putting it all into one holding

That would leave me with:

• VGRO
• VXC
• VDY
• ZRE
• AAPL
• MSFT
• NVDA
• ~3 months of necessities in CASH.TO as my emergency reserve

What I’m unsure about

I’m not particularly attached to this plan, so I’m interested in hearing what others would do.

1. Is there actually too much overlap in my current portfolio?
2. Does having VGRO + VXC + VDY + ZRE + individual US stocks make sense, or am I just making the portfolio unnecessarily complicated?
3. Would eliminating XEI and HDIV meaningfully change the diversification, or am I overlooking something?
4. Is VXC a reasonable way to increase international exposure in this portfolio?
5. Would you keep the individual positions in AAPL/MSFT/NVDA, given that I already have exposure to them through ETFs?
6. Does keeping ~3 months of necessities in CASH.TO as an emergency fund seem reasonable, assuming my expenses and emergency-fund needs justify that amount?
7. If you were restructuring this without completely starting from scratch, what target allocation would you consider?

My goal isn't to maximize dividends. I’d like a portfolio that is reasonably diversified, internationally exposed, still produces some income, and isn't unnecessarily complicated.

I’m investing for the long term, so I’m more interested in getting the overall structure right than trying to optimize for the next year.

Would appreciate any feedback, especially if there are flaws in my proposed changes that I’m not seeing.

Thanks!

Good day all.

I am a South African and I will be working in the United States for the next 2 years. I am planning to save/invest about $1000 monthly. My plan is to max out my TFSA as soon as possible and maybe keep my money in a high yielding savings account, as my plan is to put a deposit down on a flat when I return.

I have opened an account with Sygnia Investment Firm for my TFSA- Sygnia Itrix MSCI Emerging Markets 50 ETF and Sygnia Itrix MSCI Emerging Markets 50 ETF Cash Account.

I am unsure what accounts I should be using for my TFSA and, maybe potentially using Easy Equities to buy some EFT's.

I please need some advise on which accounts to pick for my TFSA and other accounts to grow my remaining savings monthly.

I am open to answer any question asadvicequestionsansweringhigh-yielding, I want to maximise my money for when I return.

Thank you in advance.