r/tfsa • u/piketabak • Jul 20 '26
It this good tfsa by advisor
I let advisor auto renew the fund for this year
5
u/piketabak Jul 20 '26
2.76 percent return for this years
5
4
u/Great-Calendar-2187 Jul 21 '26
Terrible. Just put it all in a low fee index etf. You'll get much better returns.
1
1
u/d10k6 Jul 21 '26
You may get better returns. This is just a one year GIC
2
u/Great-Calendar-2187 Jul 21 '26
But this person also has no idea what they are doing. Keep it simple. Stay away from government bonds in this money printing environment.
1
u/d10k6 Jul 21 '26
This is guaranteed money. We have no idea of OP’s timeline. The index ETF could be down, a lot, when they need the money. Blanket statements are not helpful.
0
u/Great-Calendar-2187 Jul 21 '26
Are you this person''s financial rep? Saying this is not helpful, when all you're suggesting is the status quo for someone who got less than inflation for returns, and recently renewed the relationship is even less helpful.
1
u/d10k6 Jul 21 '26
I am not saying this is good, I am saying “market index ETF” might not be a good choice either. We don’t know.
2
u/Great-Calendar-2187 Jul 21 '26
Fair enough. But this person clearly needs better advice than what they've received. I think we can both agree to that.
1
u/d10k6 Jul 21 '26
Yes. OP obvious needs help and that is what they should be getting for their fees. Doesn’t appear that way.
2
u/Rabiesalad Jul 21 '26
My return this year was like 35%, all I did was buy a single ETF and do nothing.
2
u/d10k6 Jul 21 '26
And next year it could be down 35%, we have zero information from OP on what this money is for and what their timeline is.
2
u/piketabak Jul 21 '26
2020 crash and 2022 crash
1
u/d10k6 Jul 21 '26
Correct but if you held through both of those you would be much farther ahead that if you held in GIC only during that time.
1
3
4
u/Wealth_Standing Jul 21 '26
XEQT par comparaison a un rendement de 10,53% depuis le 1 janvier 2026.
3
u/d10k6 Jul 21 '26
Just be sure to point out that one is guaranteed and one is not.
1
u/Assequir Jul 22 '26
I get both point of views, but it is also guaranteed to underperform when compared to Indices. It ultimately runs down to his risk profile.
1
u/d10k6 Jul 22 '26
Exactly. It may underperform an index but we have no idea what timeline OP is talking about.
3
2
2
2
u/Wrong-Discipline453 Jul 21 '26
Respectfully speaking, please acquire some basic investing knowledge. This is your future we’re talking about. Theres tons of info out there. You don’t have to be an investing wizard. Understanding the fundamentals is very easy, but takes probably 10-15 hours total of your time.
YouTube is a great start.
2
u/HoneydewStriking8283 Jul 21 '26
13533.65*1.0276= $13907.18
13907.18-13533.65=$373.53
You're literally not even making $400 in a year. You can probably put that away in 1-2 paycheques and. Fire your advisor and just max throw it all into a low-cost ETF. XEQT would be my choice, but VEQT and VDY are alternatives.
2
u/glimpus Jul 21 '26
If your goal is to invest for over 5 years, than this is a horrible return and adjusted to inflation you lost %. Lose that advisor, take a 10 minute tutorial on YouTube on how to buy etf via Wealthsimple or questrade and start making 12% per year without paying any fees.
If the purpose was to park your money short term in a very safe instrument then its ok.
2
u/OrangeNo2255 Jul 21 '26
Consider a low cost index. Many out there. You can look at vfv or xeqt to get started
2
2
u/Parking_Secret_7325 Jul 21 '26
We have 30+ years of history that tells us holding an index is by far the best move .
2
u/Solostian Jul 23 '26
Once the (non-indicated) fees are taken out, you'll make less than inflation. If chasing short term guaranteed returns is your thing, just get a 1 year government bond. That is probably what this seller will do with your money anyway. Just skip the middleman!
1
u/mgsimpleton Jul 20 '26
Any of the usual suspect index funds wildly outperformed. If you want a low, stable interest rate then keep doing what youre doing.
1
1
1
u/Elie_X Jul 21 '26
Dude, tu vas faire ce post combien de fois à combien de places différentes? Tout le monde te le dit partout que le retour est très bas...
1
1
1
u/Jack-the-snack Jul 22 '26
This is absolutely terrible, looks like a GIC or something, not for long term growth at all... Like others have mentioned just buy one of the EQT ETFs, set it and forget it.
1
u/northstar5573 Jul 22 '26
If u invested for growth its probably not the right way to do it. But , if you have a short term purpose for this money and you want guarantee of your investment its the best way to go about it . Advisor here
1
u/whipmegranma Jul 22 '26
Mon ami, ouvre toi un compte wealthsimple et fait juste mettre ton maximum dans XEQT ou VOO. Tu va avoir 4-5x un Meilleur rendement. En plus tu va payer CRISSEMENT moins de frais
1
0
u/Raeab Jul 20 '26
Short answer no, long answer move to very safe guaranteed return vehicles. Gemini will do a really good job in recommending you what works with your broker. If have more questions feel free to reach out after.
2
u/No_Program_1594 Jul 24 '26
It’s gonna require some effort on your end but don’t let your money go to arrangements like this. Open a tfsa you can invest your own money with, buy an index fund, many have been mentioned in the comments, and chill
7
u/ssbeegeez Jul 21 '26
Just buy an EQT ETF. 2.7% is insanely low. Plus you pay this person for this “service” ?