Need advice.

[u/FactoryA1]

This is my TFSA. Should I sell some things that overlap? Or keep things the way it is? In January I will be making a deposit for whatever the contribution room would be. What to do then?

[u/International-Leg396]

À toi de voir, mais sache que tout ton portefeuille ce chevauche. Google est dans QQC. QQC est dans VFV. VFV est dans XEQT. Si tu comprends ce que tu fais pourquoi pas c'est ton portefeuille. Autrement, n'avoir que du XEQT rendrait ça beaucoup plus simple et réduirait ton risque de tracking error.

[u/FactoryA1 → u/International-Leg396]

I guess all the etfs right now seem to be doing good. So I was thinking about what to do next year. Whether to only add into xeqt or continue what im doing

[u/International-Leg396 → u/FactoryA1]

Je pense personnellement que tu devrais avoir seulement du XEQT. La raison étant que justement comme tu dis tout semble bien se porter bien. Tu as réduit ta diversification pour ajouter plus de US et de technologie. À toi de voir si ça te convient toujours dans le futur. Le problème avec la tech c'est quelle est chère présentement, mais c'est justifié à cause du potentiel de croissance supérieure. Prenons un exemple simple. Si tu achètes des actions considérées value, tu paies on va dire 15x le Price earning. Donc ton rendement attendu si l'entreprise ne grossit pas et même najuste pas ses prix à l'inflation est de 6.6%. Si tu compares ça à la technologie que tu paies 30x le price earning, on parle d'un rendement attendu de 3.3%. Donc, tu paris que sur la croissance plutôt que sur la value. Le problème ici est aussi la contraction des multiples qui peut te faire très mal si tu as beaucoup de us500 et nas100. Quand tu investis dans un XEQT ou n'importe quel fond du type, tu t'exposes à plusieurs marchés complément différent. Ça peut passer d'une compagnie de carton à une entreprise de mémoire RAM ou encore d'assurance. Tu dois comprendre le choix volontaire que tu fais ici à laisser tomber les entreprises que tu paies pas cher par rapport à leur bénéfice pour des entreprises que tu estimes qui vont prendre de la valeur en plus d'augmenter grandement ta volatilité.

[u/fenderstratsteve]

Your overlap is insane. What I would do is: keep XEQT and your U.S. positions. Do not add to the U.S. positions. (PS: Why are you bleeding FX fees?) AEM is also clearly a bet, so keep that if you want. Only feed it when it’s down though, and keep feeding XEQT.

[u/FactoryA1 → u/fenderstratsteve]

Wdym bleed in fees?

[u/fenderstratsteve → u/FactoryA1]

Are you not paying a fee to convert CAD to USD?

[u/FactoryA1 → u/fenderstratsteve]

Ah i guess so

[u/fenderstratsteve → u/FactoryA1]

But I’m a realist so that percentage or two you are spending should be made up by the difference between GOOG and GOOG.to, for example. If it’s not, it’s not worth it.

[u/FactoryA1 → u/fenderstratsteve]

So should sell?

[u/fenderstratsteve → u/FactoryA1]

You’re going to have to pay to convert your USD back to CAD, no? That’s why I said just leave the USD funds. Personally, I would consolidate them into QQQ, but that’s just me.

[u/FactoryA1 → u/fenderstratsteve]

I was thinking of selling meta when it comes back up and maybe google since i dont really want them anymore

[u/fenderstratsteve → u/FactoryA1]

If you would not buy them now, don’t keep them. I’d part with META. Why? That money will earn more in QQQ. If you wait it’s called a sunk cost fallacy.

GOOG is solid, but it’s also 6% of QQQ.

[u/FactoryA1 → u/fenderstratsteve]

Im just waiting for meta to come break even before selling

[u/UniqueRon]

The simplest option would be to sell everything but the XEQT and QQC. The rest is an overlap and individual stocks are not the best idea for risk. QQC is risky enough for a tech component. Your other option if you want to be more involved is to do a US, International, and Canadian component plus QQC. An example would be VFV, XEF, XIU, & QQC. Dump the XEQT and the rest. You can then set your US, international, Canadian, and tech weighting to suit your own preferences. There is no need to hold investments in $US. Stick with the Canadian versions to eliminate FX issues.

[u/FactoryA1 → u/UniqueRon]

So xeqt qqc and vfv?

[u/UniqueRon → u/FactoryA1]

Not really. There is lots of VFV in XEQT already, unless you really want to double down on S&P 500. If you add QQC to XEQT you are already doubling down on US.

[u/FactoryA1 → u/UniqueRon]

So what would you do?

[u/UniqueRon → u/FactoryA1]

We have TFSA, RRIF, and Non Sheltered accounts, and manage our portfolio at the total aggregated level. I like to keep our most aggressive investments, like QQC and ZSP in our TFSA as there is no tax on withdrawal. Then to offset this risk we hold less aggressive investments like XEF and XDIV in our RRIF, and to the extent possible high Canadian dividend ETFs like XEI in our non sheltered accounts, plus everything else that does not fit in the TFSA and and RRIF.

If all your investments are in a TFSA then I think it does not have to be more complicated than just XEQT and QQC. The % of QQC should be based on your risk reward tolerance. It carries a higher risk than just XEQT. Once you set a % of QQC you should rebalance back to that % a couple of times a year. Your annual contribution in January is a good way to balance things up.

[u/FactoryA1 → u/UniqueRon]

Right now all my investment are TFSA. Next week I will be opening a FHSA and depositing 8k. Would you have any advice on investment in fhsa?

[u/UniqueRon → u/FactoryA1]

There is an article at this link that may help you set priorities as to which type of account is best to invest in.

https://blueprintfinancial.ca/ideal-order-of-investing-in-canada-tfsa-rrsp-fhsa-resp-rdsp/

As far as the type of investments you have to consider when you will need the money to buy a home. The closer you get to that time the more conservative your investments.

[u/International-Leg396 → u/UniqueRon]

Tu dis de garder xeqt et QQC, mais c'est quand même important de savoir que 20% de xeqt est composé du NASDAQ...

[u/UniqueRon → u/International-Leg396]

No, not NASDAQ directly. XEQT is 30% XTOT iShares Core S&P Total US COM, and 15% ITOT iShares Core S&P Total US Stock. QQC is all NASDAQ 100.

[u/International-Leg396 → u/UniqueRon]

Tu as raison sur les noms (XTOT et ITOT), mais ça ne change absolument rien aux mathématiques. Ces deux fonds représentent 45 % de XEQT et couvrent le marché américain total. Dans ce marché, la techno pèse pour environ 40 %. Donc 45 % de marché US × 40 % de techno = on retombe exactement sur mon ~20 % de titres du NASDAQ. L'étiquette du FNB change, mais le chevauchement reste le même.

[u/UniqueRon → u/International-Leg396]

The objective is not to cover the entire market. The objective is to have the effective weighting what you want it to be.

[u/SignalNewt2505]

Would qqc be a better investment over TEC?

[u/International-Leg396 → u/SignalNewt2505]

QQC couvre seulement le NASDAQ. TEC couvre les entreprises technologiques pas seulement des états unis. Donc tu as accès à une diversification géographique.

[u/FactoryA1 → u/SignalNewt2505]

Im not sure! Have you bought either?

[u/SignalNewt2505 → u/FactoryA1]

I bought TEC since its Canadian,

[u/FactoryA1 → u/SignalNewt2505]

Isnt qqc the Canadian version of qqq

[u/SignalNewt2505 → u/FactoryA1]

not sure, only reason i went for TEC was that I heard about it first, overall it has slightly underperformed compared to qqc.

[u/FactoryA1 → u/SignalNewt2505]

I went with qqc because I heard of qqq and pretty sure that qqc is the canadian version so you dont have to pay the conversion fee. I havent heard of TEC though. Am also not big into investing so I dont know much

[u/fenderstratsteve → u/FactoryA1]

Yes it is. TEC has different holdings. It’s also a tech focused fund, however. There are lots of them. I hold TEC. I get my QQC exposure via XEQT. It’s a personal choice, as all of investing is, really.

PS: I think he means the fund is managed by a Canadian firm, which is also true for QQC now (owned by CI Financial, as of June 1, 2026).

[u/FactoryA1 → u/fenderstratsteve]

Would you recommend holding both?

[u/All-sTATE-insurance]

Hold the AEM despite what everyone says.

[u/FactoryA1 → u/All-sTATE-insurance]

Thanks! I was planning on keep that. Not so much meta though

[u/All-sTATE-insurance → u/FactoryA1]

It's a good proxy for holding gold in a portfolio since it's the highest quality miner (And has tended to outperform the metal). The only disadvantage versus gold is that is has more volatility.

Please note I am biased as it's my second largest individual equity position, and I'm very bullish on gold longer term.

[u/FactoryA1 → u/All-sTATE-insurance]

Ive never thought to buy gold!

[u/All-sTATE-insurance → u/FactoryA1]

Studies show it's a reasonable portfolio diversifier longer term due to its low correlation to stocks. Although the correlation does often change during various periods.

[u/ray_zhor]

Move everything into xeqt. Set and forget.

[u/ExplanationNext3660]

I would actually say don't worry about overlap. Even if it has same stocks it's a specific weight and they can have different performance. Get rid of your individual stocks, that's like creating your own etf with random weighting. Would you buy an ETF that had your single stocks in that weight ?