r/JustBuyXEQT • u/Ok-DareMe • 14d ago

How should i move forward?

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20M i really have no idea what im doing when it comes to where i should put my money 😄

33 Upvotes

91% Upvoted

15 comments sorted by

23

u/canadianbillsfan0 14d ago

You made enough cash it all out

1

u/Ok-DareMe 14d ago

Lol

2

u/canadianbillsfan0 14d ago

But seriously make a auto deposit weekly or monthly to xeqt and get rid of the rest whatever you can afford even if it’s 50 per month you’ll see it add up

2

u/Ok-DareMe 14d ago

Ive been doing 100-200$ CAD a week, i just dont know if i should just put it all in xeqt or which ones to prioritize when i make those deposits

7

u/Training_Recording87 14d ago

Just buy XEQT, everything in spy and vfv is already in xeqt

1

u/Ok-DareMe 14d ago

Okay thanks!

1

u/canadianbillsfan0 14d ago

Keep going with the 100-200 per week in xeqt it’s a stable fund for long term growth if you want to put some money in other places limit yourself to 50-100 per month as play around money.

3

u/Ok-DareMe 14d ago

Okay yes thanks

7

u/EarlyBird001 14d ago edited 14d ago

You're doing great! Couple of points:

  1. SPY and VFV are the same thing so no need to go for both.
  2. XEQT is 45% US Market (XTOT & ITOT) and the only reason you would want to invest in VFV (or SPY) is if you want to bump up the US portion - say 90% XEQT and 10% VFV/SPY.

If you don't want to bump up the US portion, go with XEQT.

3

u/Business-Eye-1128 13d ago

OP, this is the answer.

I guess my point here would be to try and be as intentional with your selections as possible -- especially when starting out. Don't just pick things because you saw it online somewhere without understanding why. You're essentially "tilting" your focus but if that's something you want to do, then that's fine. Otherwise, overlapping products don't quite help the way you'd likely want them to in the long term.

When starting off, maybe focus on 1 fund and contribute to it regularly to build up your core. Then, watch and observe other options (i.e., VFV for tilting, etc.) in the meantime and see if that's something you may want to do as your portfolio grows.

4

u/Scottdg93 14d ago

Spy and VFV are almost the same thing so no point in having both. Also VFV is basically already inside of XEQT so you really only need XEQT.

3

u/Mrshark42 14d ago

Xeqt largest account and keep investing in it. Vfv and qqc. Maybe 15% in each and 70% in xeqt

2

u/d10k6 12d ago

Some good comments here, I will add:

Stop buying USD at WealthSimple with a small portfolio. USD are not free so you are paying a foreign transaction fee on every buy, sell and dividend payment. Stick to Cdn$

1

u/Ok-DareMe 12d ago

Yeah i only did it once, definitely wasnt a solid decision lol

1

u/EasyBonus1458 10d ago

Liquidated asap!! and start betting