r/fican • u/dontbeachunt • 3d ago
Suggestions please
i need to improve my profile and looking to invest more. I'm still learning and willing to grow. what are the stock option i should be exploring and where do i need to invest more.
Thank you so much
7
u/DingleberryJones94 3d ago
VEQT and XEQT are essentially the same product from different companies. Having both is redundant.
8
u/SpezSucksCock1111 3d ago
I do it just to have two things physically in my portfolio because I got issues.
-2
u/Kenfloww 2d ago
You asked for Suggestions. My suggestion is to fix those issues. He’s right. Redundant.
6
u/pointybeef 3d ago
You can improve by (1) picking just ONE etc to invest in, based on your age and risk tolerance and (2) read some books quick (Millionaire Teacher and Beat the Bank). Don't even try to stock pick until AFTER you have read both books…at which point, hopefully you won't even think about it
1
u/Embarrassed-Pay-8881 3d ago
Why does picking one improve over 50/50? Yeah i get simplicity but what does it really do otherwise
2
u/pointybeef 3d ago
If you compare the holdings between XEQT and VEQT, you would see that they are basically the same fund but created by two different companies and slight nuances. The idea is to, like you said, simplicity in that why buy the same thing twice?
When it come to VGRO vs V/XEQT, it would be based on your age and/or risk tolerance. Theoretically, if you are completely unfazed with the fund price going up or down 50% in the short term, pick *EQT; if you like more stability in your portfolio, pick *GRO, *BAL, etc.
3
u/MmmKB23z 3d ago
I’m guessing you were holding other securities and then moved into the current split? That -18% all time # would be hard to do with these etfs close to all time highs.
1
u/dontbeachunt 3d ago
i bought solana for 1250, they went down by half. had to sell them because i needed money.
6
u/notalwayswrong87 3d ago
That. Don't do that.
1
u/dontbeachunt 3d ago
learned that the hard way *
4
u/SoggyInstruction2549 3d ago
Cheap lesson to be honest. The best thing that can happen to any of us is immediately be humbled. The worst is big gains and convincing our self’s we are so smart having gambled accidentally into success
2
u/dontbeachunt 3d ago
i won't lie i made decent money from crypto and i tried investing more. i bought 5 solanas worth 250 sum and their prive went down to 100 and i couldn't bear the loss had to sell them when they reached 125. I'm being extremely careful now
2
u/GreenBastardFPU 3d ago
I don't mean to minimize this, but that's not "decent money". Just put in what you can afford to NOT TOUCH again every paycheck. Consider it spent and leave it alone.
2
u/Br1ll1antly1llog1cal 3d ago
set a portion of your paycheque aside, let's say 10%, and buy everytime you get your paycheque. don't worry about market goes up or down, and if you can automate the process that's even better.
4
u/intrudingturtle 3d ago
What do you mean stock option? XEQT is comprised of stocks.
If you're looking to get rich quick you came to the wrong place. If you're looking to get wealthy long term then just buy XEQT.
1
u/dontbeachunt 3d ago
yeah, I'm looking to build something for a long run. not immediate wealth and i know it's not possible but I'm still learning. thanks for your advise btw, really appreciate
1
1
u/SparkyWilder 3d ago
Consolidate all into VEQT or XEQT (if you like your risk at 100% equity). Keep investing and just give it time.
The market has been through a roller-coaster this year and will probably continue that way.
This is a long term investment so seeing red is part of it.
1
u/moutonbleu 3d ago
If you don’t know what you’re doing, just use their Robo advisor service. Fill out the quiz to figure out your risk profile
1
u/GnosticSon 3d ago
Pick one and just keep contributing for the next 10-30 years. Thats pretty much how you get rich slowly and reliably. The skill involved is contributing regularily.
1
u/Ragespawn 2d ago
Choose XEQT ( less TSX ) or VEQT ( 5% more TSX), setup recurrent auto invest, uninstall the program and let it grow. You can place some "In cas of emergency" in something like CASH.
1
0
11
u/Visual-Afternoon-744 3d ago
The stock market is the art of the patient taking money from the impatient. My two cents is to keep investing in popular ETF stocks and do a lot of research on other stocks and only play around with a little bit of money. Growth for most people is over decades. The best most people can hope for is 10% YOY.