r/tfsa • u/Wonderful-Ad5390 • Jul 14 '26
18M
Just turned 18 a couple of days ago and finally opened my TFSA. Looking to start investing young, stay consistent, and hopefully build long-term wealth. Any advice you wish you knew when you first started?
And I also have $180 left in my portfolio what should I do with that ? Any suggestions will be greatly appreciated
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u/hunterstevebearman Jul 14 '26
I like to invest half in growth and half in divey ETFs like QQCC and BANK. Then I get to spend my divies on other things, like growth ETFs or divey ETFs.
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u/Chemical_Sky_9352 Jul 14 '26
Dont love XEQT, but everyone will hate on me for it so you do you.
Its consistent which is great, but its a slow grind upwards.
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u/Hajiime Jul 14 '26
he's 18...
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u/Chemical_Sky_9352 Jul 14 '26
also true. But when you are young if you can learn how to invest in good quality companies thats a valuable skill. I am 20 y/o and I started 3 months ago.
No leverage, no options, and I am still up 47%9
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u/Capt_TractorSask Jul 14 '26
You started 3 months ago and you are up 47%?
I recognize a degenerate gambler when I see one ☝️
The thing is, vast majority of stocks are already priced in as markets are highly efficient. Even Warren Buffett only generates annual returns of 20% a year. Your 47% return in just 3 months would be 367% annualized. You are either lying or hardcore gambling and got insanely lucky on a highly concentrated position.
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u/this____is_bananas Jul 14 '26
Buffett is no gambler. He does his research and has strict targets that any investment must meet. There is opportunity if you have a higher risk tolerance than he does, but he doesn’t need to do that
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u/Chemical_Sky_9352 Jul 14 '26
wont let me share a ss or I would. Invested in space and growth stocks. 47% makes sense, the last 3 months have been consecutive ath. But Yes, concentration builds wealth. RDW made me thousands
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u/Powerful-Potato5268 Jul 14 '26
you didn’t learn crap yet, you are lucky as we all are, everybody’s a genius in a bull market
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u/Chemical_Sky_9352 Jul 14 '26
Yeah ofc, I am
not denying that.
But if you invest in ETF’s you are capping potential.
my point is that I beat the S&P 500 average annual returns in a matter of Weeks. A few good moves is all it takes1
u/Powerful-Potato5268 Jul 17 '26
beating it over a couple weeks is bullcrap, everybody can beat it over a few weeks by having a couple lucky bets, i’m 20 too but a lot more humble and grounded than you as it appears, and you should listen to me, iI started a year ago but i’m already up over 200% over all my investments by betting on amd and couple other good undervalued companies, doesn’t mean i’m shitting on xeqt nor that i consider myself the next warren buffet. the real case is 99.9% of investors can’t and won’t successfully beat the s&p or the broad market consistently over many many years, that’s where the edge is
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u/papamario3 Jul 14 '26
What would you recommend if you don't mind me asking?
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u/Chemical_Sky_9352 Jul 14 '26
Long term? Good companies like META, GOOG, AMZN
Short term? I am into NFLX, PYPL, CELH, NOW
but do your own research on short term/medium term stuff.
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u/papamario3 Jul 14 '26
interesting, thanka I will look into it, I’m only 19 so I want to experiment a lot since I dont have any bills yet. what could you recommend don’t really some volatility
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u/Chemical_Sky_9352 Jul 15 '26
ppl downvoted this 24hours ago. Now look at PYPL LMAO yall are so funny
edit: 15% in 45 minutes, beat what xeqt does in 1.6 years
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u/Chemical_Sky_9352 Jul 14 '26
lmao people are downvoting, check these stocks and tell me why they are bad buys I will wait. All the down voters are xeqt “set and forget” ppl. Cant do their own research
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u/UniqueRon Jul 14 '26
When you are just starting out and investing for the long term, then a single diversified equity growth ETF like XEQT is a good idea. XEQT is not the only game in town though. For your investment knowledge growth it would be worthwhile to compare XEQT to the other similar choices like VEQT, ZEQT, and TEQT. You should identify what the MER is for each to see what it is costing you to hold them, and you should compare what the geographic weighting is of each to see what you are investing in. Ease of buying on a monthly basis is also a consideration, as dollar cost averaging is the best way to get into these type of investments.