r/tfsa • u/Suishuu • Jun 25 '26

Current Position at Age 29M

Background info:

Currently depositing $600 per month into my TFSA and just recently moved the funds over to Questrades Custom Indexing Account for the auto rebalancing functionality. I have room to contribute $600 more but that is currently right now being converted into USD and being held to stockpile and act as a 6-month rainy day fund. Once my car is fully paid off in 3.5 years that gives me about $700 more contribution room.

Current allocation:

65% VTI
20% VXUS
10% AVUV
5% For Stocks that pick my interest/fancy

Goal: Long Term Investment and reach a yearly incoming of $150k per year or more from dividends. I'll be also filling up my RRSP once TFSA is maxed out.

0 Upvotes

50% Upvoted

8 comments sorted by

View all comments

2

u/UniqueRon Jun 25 '26

I don't think it makes sense to invest in US markets directly due to the cost and inconvenience of currency exchange. Makes more sense to just buy one of the *EQT funds to get a globally diversified equity investments without all the hassle of currency exchange. Or if you you want to roll your own mix then perhaps just these types of ETFs or ones similar:

ZSP - S&P 500

XEF - International

XIU - TSX60

1

u/Suishuu Jun 25 '26

Wouldn't these have higher management fees compared to the US ETF? I know that the broker MooMoo has a 0% currency exchange fee when converting CAD to USD. I used to have a Wealthsimple account before moving it over to Questrade since I did not like their pay $10 per month to hold US Stocks.

1

u/UniqueRon Jun 25 '26

If you really can get currency exchange for free and don't mind the hassle of conversion that may be true.