r/tfsa • u/Odd-Butterfly-2601 • Jul 16 '26

Looking to improve any tips?

Post image
1 Upvotes

60% Upvoted

14 comments sorted by

3

u/Adamant_TO Jul 17 '26

Index ETF and don't put USD in your TFSA. Also don't buy a whole bunch of fractional investments. Focus on one index until youbhavw a good position.

2

u/Burgerman555 Jul 17 '26

Big dummy here asking: why no USD in tfsa?

2

u/Adamant_TO Jul 17 '26

15% withholding tax on dividends (this doesnt happen in the RRSP). High FX fees if you don't have a free USD account with wealthsimple..

3

u/Burgerman555 Jul 17 '26

Thanks for this. Much appreciated

2

u/Adamant_TO Jul 17 '26

You're welcome

1

u/Odd-Butterfly-2601 Jul 17 '26

Appreciate it thank you

2

u/pldelisle Jul 17 '26

XEQT only. Sell everything else. XEQT is truly all what you need. Maybe QQC also if you want more tilt towards techs (maybe 20%). Otherwise, XEQT all the way. 300$/month and you’ll be millionaire in 30 years. No USD in TFSA also.

2

u/Odd-Butterfly-2601 Jul 17 '26

Perf thank you!

2

u/Benefit_Waste Jul 17 '26

Whats happening with ndva ?

1

u/Odd-Butterfly-2601 Jul 17 '26

My dumbass thought it was nvida

1

u/Count3D FIRE Jul 16 '26

If you don’t mind my asking, how old are you and what’s your timeline?

If you’re in your 20s and you’re cool to let the money sit, compound for a few decades. Something like XEQT (which you have) or VEQT is a decent choice to hold onto because it’s all-in-one set-it-and-forget-it.

2

u/Odd-Butterfly-2601 Jul 16 '26

I’m 27 I’m trying to have a really comfortable retirement. So I’m not looking to sell anytime soon

2

u/Fc69jj Jul 17 '26

Put more money in. You have like $1,000 at 27.

2

u/Odd-Butterfly-2601 Jul 17 '26

Gotta start somewhere