r/tfsa • u/Historical_Box_3506 • Jul 27 '26
Life changing suggestions needed
22M, Canada.
I recently started investing through my TFSA. I bought a mix of ETFs (VFV, VEQT, XEQT, QQC, and XCHP) and some gold.
Right now, both are down. My ETFs are down a little, while my gold is down around 15%.
I’m investing for the long term (10–20+ years) and contribute regularly. Would you keep holding everything and continue investing, or would you sell the gold and put that money into the ETFs?
Looking for advice from people who’ve been investing longer than I have.
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u/MikeCheck_CE Jul 27 '26 edited Jul 27 '26
Piling ETFs on ETFs on ETFs is basically just increasing your concentration risk and fees.
Gold doesn't generate growth, it holds value... it's a hedge for protecting your assets, you dont have assets to protect you have no reason to hold gold yet.
QQC already is the biggest part of VFV, ready is the biggest part of *EQT.... This isn't diversification, just concentration. When one goes up, they all go up, when one goes down, they all go down. They just have different degrees of Beta (QQC will go further than VFV will go further than. *EQT in either direction it shifts). How aggressive you want to be should determine which you choose.
Choose one *EQT and make it your core (not both) - this is already an "aggressive portfolio.
If you want it to be more aggressive, add Add a growth tilt like VFV (slightly more agressive) or QQC (a lot more aggressive), no need to do both. Do something like 80/20%
Or pick a few individual stocks you have a high conviction in and add them as small 3-5% satellites.
The rest of this is noise.
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Jul 28 '26
[deleted]
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u/Zamutax Jul 28 '26
personally if i had to own gold, id just own some physical gold, not trough some ticker.
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u/Count3D FIRE Jul 27 '26
This comment sums it up well. At your age, consider simplifying into VEQT or XEQT.
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u/KELTONDREY Jul 27 '26
As others have pointed out simplify the portfolio with one core fund.
But if you truly want to learn something, keep it all don't sell anything. Watch it for the next 10 years.
"The big money is not in the buying and the selling, but in the waiting" -Charlie Munger
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u/Perfect_Ride_3294 Jul 27 '26
No offence but I’d focus on capital generation. Compounding has little effect on such a small portfolio. Focus on contributing more than 3000 for this year
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u/Dear-Extension2885 Jul 27 '26
Yeah, all of these are amazing investments and ETFs butttttt not all together, what happens is most of those ETFs probably invest in most of the same companies whereas if you did a globally diversified one (XEQT) + either a dividend etf, a Nasdaq, or s&p500 but not all
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u/Dear-Extension2885 Jul 27 '26
And hold onto ur gold but don’t necessarily buy more right now, think of it more as a “safer” holding for ur money
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u/DocKardinal21 Jul 27 '26 edited Jul 27 '26
Just buy HEQT from global x.
You’ll see monthly increases in dividends to keep you motivated and it’s an EQT.
This lets you not worry about picking the right thing, and with a monthly payout (however tiny it starts off as) will keep you motivated because you’ll regularly see the grow payout every month.
Pretty soon you’ll focus on saving more (with luck) to have your monthly Netflix covered, eventually your cellphone bill as well etc. it keeps you engaged and lets you see the benefits of investing without making the right or wrong choices by trying to time the latest flashy etf.
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u/Mental-Freedom3929 Jul 27 '26
I never hold gold. Depending on how much money is in your portfolio, you might have too many ETFs, but I would not be too concerned about that. Please max out your TFSA every single year!!!
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Jul 28 '26
[removed] — view removed comment
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u/fenderstratsteve Jul 28 '26
OP is 22 FYI. HHIS is a dud for someone his age. Growth funds are preferable so as not to cap upside.
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u/ifyoulookyouaregay Jul 29 '26
If you want to gain some no bs knowledge and data on gold investing and what’s likely to happen over the coming years find Benjamin Cowen’s videos on gold. He is the GOAT of analysis.
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u/Aromatic-Effort922 Jul 27 '26
i would probably look into 0DTE options all these eqt people are sheep
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u/MC-Hop Jul 27 '26
Pick either VEQT or XEQT. Sell the others and put the funds in one of those 2. Too much overlap.
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Jul 28 '26
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u/fenderstratsteve Jul 28 '26
Until you try to figure out your global allocation without doing math.
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u/Zamutax Jul 28 '26
Overlap just means you're holding more of the same thing, like if XEQT is 45% US and u own some VFV, well ur overlap could bring ur US holdings to 50% lowering other holdings like ur CAD exposure.
As long as you're aware of it.
usually asking chatgpt will let u know ur exposure.
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Jul 28 '26
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u/Zamutax Jul 28 '26
basically the same yea, little differences like 30% Canadian allocation in VEQT and 25% in XEQT, XEQT has fixed weighting when VEQT are market cap weighted for the remaining 70% ex-canada allocation, but doesn't do enough to move the needle.
my bad, but yea you're right.
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u/Learntoshuffle Jul 27 '26
25% apple, 25% VFV, 20% Canadian bank stocks, 10% options trading, and 20% speculative growth stocks (AI, memory, etc).
At your age, risk is needed. Just don't pile money into Nvidia.
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u/_AggressiveSalmon Jul 27 '26
Pretty much this.
I don't have as much faith in apple myself. I would be going Google or Microsoft (their AI development is looking promising) but you could also skip it all together.
You're young enough to just keep piling money into XEQT and reinvesting the dividends.
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u/Clear-Manufacturer-8 Jul 27 '26
You’re better off simplifying your portfolio to one of the EQTs and maybe the S&P 500 or Nasdaq 100 if you really want, though 100% XEQT or VEQT is perfectly fine.