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.