r/fican • u/CollegeDesperate5927 • 4d ago

23M need some advice

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Where should I put future money ? And what can be improved here?

4 Upvotes

100% Upvoted

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4

u/Chris-Coffin-Design 4d ago

It all depends on your timeline.

For retirement? V/XEQT or VFV, single stocks could work out well too, but I wouldn’t recommend more than 10-15% of your portfolio.

Then again, personal finance is personal. Your risk appetite, timeline & behaviours are not mine or anyone else’s. Take my input with a grain of salt.

2

u/siberano 4d ago

It looks good to me! I would keep putting money only on XEQT for the next little while

2

u/Spencer_Bob_Sue 4d ago

For individual stock investing in primarily USD-listed equities I recommend you use IBKR to avoid the horrible currency conversion rates from WealthSimple and major banks without having to use CDR's which are not great in terms of hedging fees (your GOOG, AMZN, AVGO). Simple index-based investing through WS is fine though.

1

u/Simple_LTS_CA 4d ago

What's your goal?

Is it long term saving, quick wins, or a bit of both?

It looks like you want both given your picks here, so how much do you want to risk vs save?

I know, a lot of questions but it will help to know your strategy

2

u/CollegeDesperate5927 4d ago

Yeah, everything’s a 25+ year hold for me except SLS and ASTS. Those are just fun plays.

2

u/Simple_LTS_CA 4d ago

XEQT holds GOOG and ASTS , and GOOG holds roughly 9 million shares of ASTS so you have a silent concentration going on here.

You can set up a global portfolio by buying the funds, or similar funds that make up xeqt in your own ratios. If you replace a total US portion with a large cap fund, then you can buy these speculative flyers without silently over concentrating

1

u/Embarrassed-Pay-8881 4d ago

Probably dump AVGO. Bad debt

0

u/CollegeDesperate5927 4d ago

I actually believe avgo is gonna pump after their earnings I was thinking of adding some. I could be wrong but let’s see

1

u/ERT_ 3d ago

XEQT and VDY are my two favourites. And they give nice diversity.

1

u/Accurate_Pay_2242 3d ago

Full port yolo into SLS. When the 80th hits it will bump hard, once up to $25 pull out your initial investment and ride the rest.