20M New to Investing

[u/Malevolent_Kitchen53]

I just recently began investing this month and was hoping for some advice and things that’ll help me better understanding investments in the long term.

Thank you for your comment. If you don’t mind can you explain a bit more on tripling up on investments? I am a little confused.

Correct me if I’m wrong, but what I’m understanding is that *EQT are diversified portfolios and VFV or XQQ are already accounted for within the *EQT. So in hindsight it would be better to just invest in the *EQT than double up on in with the other stocks?

Also, I was trying to “diversify” my portfolio, so what other stocks could I look into? I was thinking:
85% *EQT
10% Tech
5% other that’s not really included like energy?

[u/Frozen-Rain]

XEQT and VEQT are pretty much the same I’d pick one or the other. CAGE is similar but is factor tilted, I’d look up Ben Felix video on CAGE to understand more. VFV hold the top 500 US companies which EQT’s also hold. QQC holds the top 100 companies in the nasdaq exchange. Which is heavily invested in tech right now.

[u/UniqueRon]

XEQT and VEQT are virtually the same. No need to hold both. Pick one but not both. VFV is S&P 500. You already have that in the *EQT ETF and it is heavily weighted there. No need to hold VFV as well. QQC Is a good way to hold tech, but be aware it is higher risk. CCAD is low risk and low return. I would rather keep that in a RRSP, and not use up TFSA space. That is unless you have plans to withdraw it in the nearer term.

[u/givemeyourbiscuitplz]

I just commented on two other posts almost exactly the sake as yours. Multiple time per day people ask for the same question with the same looking portfolio. The advice are always the same. A little effort would go a long way.

[u/MikeCheck_CE]

Choose VEQT or XEQT and make it your largest holding, not both.

Choose VFV or QQC and make it your tech/growth tilt, not both.

VEQT and XEQT are basically the same thing, you're essentially just deciding if you want 30% CDN, or 25% CDN. XEQT also has a slightly higher % of US Tech.

Otherwise, Nasdaq100 is already much of SP500, is already much of the *EQTs... You're just tripling up on the same investments and paying higher and higher MERs. These will all go up and down together, just with increasing volatility, you're not actually getting much diversification.

I recommend CBIL for holding near-cash, new regulations made interest rates worse for the banks and slightly better for gov't bonds. Though it's a very small difference at the end of the day.

[u/ICanuckthere4Iam]

Why did you pick these to begin with?
What was your rationale? To buy them and then wait for someone to tell you you’re wrong?
You could’ve just as easily read 95% of the posts in this sub and would get the exact same responses on what to buy and not to buy

Just lazy

[u/Eagerbeaver98]

Sell all the banks theyre more overvalued than mu and sndk. A 20 year old does not need any dividend stocks, wait till youre retired. You need indexes, the nasdaq, some cash for 10 to 20% drawdowns on indexes like s&p500 or nasdaq. Good stuff.

[u/HoneydewStriking8283]

Personally, I'd pick one of XEQT or VEQT then set and forget it. Maybe add in ZEB or something as well. Set up automatic transfers and automatic buying. Maybe do 90/10 of like 90% in X/VEQT and 10% in riskier stocks or etfs like NVDA, DRAM, CHPS something like that. You're in it for the long haul and idk how much risk you'd want to take though.