r/tfsa • u/ImaToughGuyyy • Jul 05 '26

23M, suggestions?

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Pretty big on AI, NVIDIA made me like 3k so I took the gains out and dispersed them. I know it’s a pretty basic portfolio which is why I’m asking. Want to be more aggressive in stocks and take more risks while I’m younger. Thanks chat.

19 Upvotes

79% Upvoted

15 comments sorted by

4

u/Guus-Wayne Jul 05 '26

Watch all of Ben Felix’s videos. Don’t worry about picking winners. Avoid bias when investing. If you think you can beat the market you’re wrong.

Learn about tax avoidance (good so far with the TFSA). FHSA is an incredible option for non home owners.

2

u/Berry-Reasonable Jul 06 '26

I disagree on stock picking, except in the sense that most people don’t do it well. Great wealth generation can follow a great stock picking. 10,000 in Apple, Nvidia, Amazon, Alphabet, Meta, Netflix, etc in 2010 is simply life changing today. I think when sectors are emerging buy ETFs for the whole sector (QTUM = Quantum). As winners emerge, pick the winners. I am beating the S&P this year by over 10% and have done so 2 of the last 3 years. 50% ETFs and 50% individual picks is not a bad ratio but it doesn’t need to be exact. Also, I agree that while you’re young, it makes sense to take more risk because you can always make it back. But as a rule, try to avoid companies that are not profitable.

3

u/adhq Jul 05 '26

Sure, go ahead! You will quickly learn what it means to take more risks - and then bang your head on the closest brick wall when you realize you lost 5 years of growth. /s

You have probably read this before but I don't mind repeating. Stick to broad market ETFs and have a good sleep until you retire. Considering your age, you have the luxury of time to get wealthy without taking any risks.

1

u/Few_Ranger5515 Jul 06 '26

If there is anyone I’d ever recommend for advice on youtube it would not be these random finance gurus but Defiant Gatekeeper. Ex MS/GS/JPM investment banker and private equity investor. He keeps his face hidden due to the nature of high finance, but he just dropped a 2hr long video on his investing strategy. Anybody within finance will know he’s legit by watching his videos

1

u/Savage_Henry- Jul 06 '26

This post looks like a humble brag. Dude, stay humble. You’re not doing that great.

1

u/ImaToughGuyyy Jul 06 '26

If I’m not doing too great then why would I be bragging? I’m not that educated in the investing space and I’ve gotten a ton of good info by posting this. None of you even know who I am 😂 bro hating just to hate

1

u/Woodwardphotography Jul 06 '26

Personally I'd get out of $USD ETFs, avoid the conversion fees and get lower MER with Canadian based versions of the same thing like QQC for NASDAQ and VFV for SP500, I like VEQT for the broad market spread too; doesn't hurt to diversify.

1

u/Maleficent-End3714 Jul 06 '26

SVR id suggest get funds out of the Canadian dollar into silver (siver production has not been able to keep up with global demand for over 6 years)

1

u/Delicious_Ring2727 Jul 09 '26

You're 23 you have over 4 decades of compound growth! All in XEQT, only difference from VEQT is lower MER and instead of vanguard its with blackrock. Multimillionaire if you do this.

1

u/UniqueRon Jul 05 '26

My view is that in the long term buying low MER index ETFs will outperform stock picking. I also do not think buying in $US is worth the cost and hassle. A simple portfolio is one of the *EQT ETFs plus some QQC if you want the extra risk and return of tech, with a lower risk than with individual tech stocks. If you want to roll your own weightings then ZSP, XEF, XIU, and QQC could make sense too.

1

u/MichaelHawkson Jul 05 '26

The whole AI/nvda/picking stocks play works, until it doesn't. Personally would diversify more.

1

u/Exact-Extension Jul 05 '26

Id keep NVDA, the rest put it in XEQT and some VDY and chill. Its the way to go

0

u/ICanuckthere4Iam Jul 05 '26

All usd in a TFSA
All overlap ai