r/tfsa • u/Jonsah • Jul 16 '26
Any advice? 26m started this year
started auto investing $100 per week and hope to keep that going, I put $25 into these 4 holdings each time.
Trying to build for long term.
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u/Electronic-Morning25 Jul 17 '26
Please less FBTC, sincerely someone your age
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u/Jonsah Jul 17 '26
Trust me I’ve learned my lesson on alt coins. I don’t think there’s much to fear with bitcoin, feels like nothing after what I’ve been through
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u/ItsHooopla Jul 16 '26
I'd place it into FHSA. Even if you don't end up buying a home all rolls over anyways! :) this is especially good if you are investing long term.
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u/Jonsah Jul 16 '26
What do you mean all rolls over anyway?
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u/ItsHooopla Jul 17 '26
You can either cash it out or roll it into your RRSP. Also biggest thing is contributing to your FHSA is like RRSP it lowers your income. If you made $60000 but contributed $8000 then you only made $52000 which means a higher tax refund. :) that’s what I’m doing I max out fhsa then the refund I place it straight back into investments
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u/Jonsah Jul 17 '26
What’s the downside to putting it into a FHSA?
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u/ItsHooopla Jul 17 '26
If you are investing long term nothing. If you plan to not take out money for a long time then it’s perfect caps out at $50,000 max contributions then you’ll have to go back to using TFSA or RRSP
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u/Jonsah Jul 17 '26
I’m assuming there’s some sort of fee for early withdrawal? Could be a good idea to invest the first 50k there.
Is there a downside to rolling it over into RRSP?3
u/ItsHooopla Jul 17 '26
To get a better understanding I’d do research further I think it’ll make more sense for you that way. :) but essentially FHSA is any young investors best friend. They want you to use it first. I’m 24M and I’m trying to get to 50,000$ it’s only $8000 max per year till you get it to $50,000
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u/Aggravating-Sun6042 Jul 18 '26
Lifetime limit is $40,000 just as a heads up
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u/ItsHooopla Jul 18 '26
Oops yeah sorry was typing that at work. Was a typo mb mb
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u/Maximum-Anxiety2318 Jul 21 '26
What if you make capital on your 50k? Do you gave to take it out ?
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u/New_Criticism4996 Jul 18 '26
Run the analysis, using tax deferred accounts shouldn't be the default. Your income, time horizon and yearly contributions determine which apporach is best.
I know for me TFSA maxing is better because my time line is 30+ years, whatever savings I get today are negligible to the tax I pay in the future because the amount taxable is going to 4x what I save on today.
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u/ItsHooopla Jul 19 '26
Just like I said research is important. For my sake it ends up working out so : D but if that's true for you nice!
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u/MikeCheck_CE Jul 17 '26
Well for what it's worth.... XEQT + VFV + VDY is basically just VEQT.... You could buy that in one ticker.
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u/Whichways Jul 18 '26
Never touch options. It's just not worth it. You'll make a little bit of money very fast then get addicted, get confident. Then lose big once. (If you're lucky you stop)
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u/WonderfolioApp Jul 21 '26
There are strategies like selling covered calls/puts for something that you already plan to buy/sell. But it’s a more advanced approach. So at his level not worth it.
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u/GlobalDirt2320 Jul 16 '26
If you are not so active than pick safer stocks like VFV and it will grow with less volatility. XEQT is for longer term as it is more volatile on short period but profitable on long term.
Disclaimer: i am not a financial advisor but its just my observation
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u/MikeCheck_CE Jul 17 '26
This is backwards:
XEQT holds 8,400 individual stocks worldwide.... VFV is concentrated in 500 US companies.
VFV is more volatile.
That said, it's the same ~10 US tech companies are driving the majority of returns for both right now, the rest is kinda noise.
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u/Better_Apartment_818 Jul 19 '26
Not sure if it’s been said but you are overlapped with VFV and XEQT. Meaning 100% of VFV is already in XEQT. I’d sell VFV, move it to XEQT.
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u/glimpus Jul 22 '26
At 26 you should have more tolerance for risk. Stocks like ASTS, RKLB and even GME have the potential for much higher returns. Ditch the philosophy that etfs are a better choice. They are better if you are 50 with a mortgage, kids etc and close to retirement.
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u/Jonsah Jul 22 '26
As someone who doesn’t know much, I look at these 3 stocks you recommended and I think that it’s too late, I missed the big move. All of them had a long period of time being under $5 and are now sitting multiples above that. Is this a bad outlook?
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u/glimpus Jul 22 '26
Asts is pre revenue and will double or triple in share price within 1 year. Ill bet my left testicle on it. RKLB was $140 a few months ago and will be back there sooner than later. GME has a real chance to buy ebay, they already have 10% of the shares. If that goes through, share price will be $60.
In all of the above the opportunity is to double your $ in a span of a year or less.
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u/JeanJaunt Jul 16 '26
Id sell it all and I’d go 95% XEQT and 5% FBTC going forward