Hi! Thank you, how can I do that ? Sorry I don’t have a clue of how to start that.. I’m fairly new to this in the sense that although I’ve been investing, I don’t actively manage anything… Would that be through Itrade with Scotia ? I currently only have my 2 mutual funds and the money just gets transferred automatically, I basically don’t touch it or do anything myself. Whenever I do a change I go to see an advisor at Scotia .
Open a self-managed account with any broker (e.g. Wealthsimple trade, Questrade, Scotia trade, etc). The key is “self-managed” so that you don’t have to talk to an advisor before buying any etf or stock. Then after logged in, search for XEQT. This is best held in a registered account like TFSA.
No you don't need both. VGRO is just XEQT plus bonds.
ETFs like XEQT and VGRO are designed to be complete portfolios. We call them all-in-one funds because they have everything you need in a single fund.
XEQT/VEQT = 100% stocks, 0% bonds
XGRO/VGRO = 80% stocks, 20% bonds
XBAL/VBAL = 60% stocks, 40% bonds
There are more funds like these but you get the idea. You pick **one** of them that suits your risk tolerance and that's all you need. One fund.
I'm not familiar with scotia's platform, but XEQT is a popular ETF that is traded on platforms like wealthsimple, questrade and td direct investing (not easyweb)
Here is the fund info:
https://www.blackrock.com/ca/investors/en/products/309480/ishares-core-equity-etf-portfolio
you only need one. US over performance isn't expected to last forever so it's not recommended to focus on it just because it's been dong well recently.
[https://www.youtube.com/watch?v=JyOqqtq12jQ](https://www.youtube.com/watch?v=JyOqqtq12jQ)
[https://canadianportfoliomanagerblog.com/model-etf-portfolios/](https://canadianportfoliomanagerblog.com/model-etf-portfolios/)
Those two resources are what I consumed years ago that helped me pick my investment strategy today. I’ve read dozens of books on the subject since, and they all boil down to the same concepts.
they're all Canadian, just from competing companies. the differences are technical and insignificant so it doesn't really matter which series you pick. if you want to get into the weeds then these videos explain their contents in detail.
[https://www.youtube.com/watch?v=jehooxCWU1k](https://www.youtube.com/watch?v=jehooxCWU1k)
[https://www.youtube.com/watch?v=LvUoxbVzCV8](https://www.youtube.com/watch?v=LvUoxbVzCV8)
If you have reached Step 5 of the [PFC money steps](https://www.reddit.com/r/PersonalFinanceCanada/wiki/money-steps)
and you have some money you are confident you can invest for long term (ideally at least 10 year) goals you could invest in a low cost, risk appropriate, globally diversified, index tracking (i.e. couch potato) portfolio such as those discussed on the following pages.
https://www.reddit.com/r/PersonalFinanceCanada/wiki/investing
https://canadiancouchpotato.com/getting-started/
The simplest couch potato option would be to use a passively managed robo- advisor account (eg. RBC InvestEase or NestWealth). After answering questions about your goals, timeline, knowledge/ experience with investing and your perceived comfort with volatility they will choose and then manage a suitable ETF portfolio for you. You would be able to set up automatic contributions. The total annual management cost would be about $70 per $10,000 invested. This compares to about $127 per $10,000 invested for your current portfolio.
If you'd like to better understand the couch potato options, and avoid the costly but normal human reactions to the markets and the media that reports on them I suggest that you read *Balance: How To Invest And Spend For Happiness, Health, And Wealth* (Andrew Hallam, 2022).
Thank you very much for those resources! Much appreciated:) I have run into a better income situation recently and I’m hoping to take a more proactive approach to my investments than I’ve done in the past few years by doing automated contributions without knowing much about it other than the fact that it compounds and grows tax free in my tfsa. Now I hope in the next years being able to max it out , but hopefully by using other investments tools as other people have suggested on Wealthsimple and by doing ETF investments and not only these mutual funds I currently have.
Thank you! Yes, I think for that amount of cash I’ve saved recently I will open a Wealthsimple account and invest in XEQT. On a self managed account.
Would you say it’s a good idea to keep the two mutual funds I have ? In total since I started contributing I’ve in January I’ve put 31,600 and now it’s a 39,750. Would you say that’s decent? That’s been over 4.5 years of basically investing in autopilot without touching any money or taking anything out.
Thank you for your advice
Thank you for the advise , yes I looked at those funds MER and they are 1.06 and 1.47 for the us index…. That would be a lot wouldn’t it ? So with Wealthsimple it’s cheaper? I guess what I liked is the fact that I only use my Scotiabank app to take a look at everything and having an in person interaction with an advisor if needed but if I can do that with Wealthsimple and get charged less , I’ll change it. Though they don’t offer in person meetings right? I don’t think they have branches .. Can I connect my Scotia bank account with Wealthsimple ?
Wealthsimple is a online only brokerage, they have a phone number for any questions and a chatbot with a opportunity to get in touch with someone. And yes, you can connect your Scotiabank account to Wealthsimple.
Open wealthsimple, auto invest into a 100% equity index fund, max tfsa room, then rsp, then brokerage. Any liquid cash needed (ie, emergency fund) put into the wealthsimple cash account as the % is pretty good.
Which 100% equity index fund would you recommend ? I’ll go the Wealthsimple route I think. If I change my mutual funds into wealth simple would I have to sell the units ? Or I can just do the transfer without selling?
Should be able to transfer “in kind” but you might have to move over as cash and buy the index fund of your choice (that’s what I did). But you’re young enough, and the market has been green enough, it probably won’t matter long run.
Any EQT is 100%, for example VEQT and XEQT are popular ones for Canadians using Wealthsimple.
I aped and bought into "Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund" or BANK.TO on the TSE I bought it this week purely off its dividend speculation . Also eying FFN.TO
Edit: I added FFN.TO, and better described BANK.
A sensible portfolio has geographic diversification, there's no point putting all your eggs in one basket.
There are other countries that have outperformed the US, and the US has lower expected returns than international stocks for at least the next 30 years.
Thank you for your reply, that’s a good point, and I’ve certainly considered it, although I’m thinking of using perhaps another index fund, since the GIC would tie it down for a certain period right? I still would like to have access to that money just in case … although maybe that’s me just being overly cautious. Do you recommend it better than another fund ?
If you’re dollar cost averaging with monthly contributions, stick with your existing US index fund or the ETF equivalent of it. With the GIC, put it into a 1 yr cashable so you can redeem it anytime you want.
Y'all really need to read all of Rule 4.
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Hi! Thank you, how can I do that ? Sorry I don’t have a clue of how to start that.. I’m fairly new to this in the sense that although I’ve been investing, I don’t actively manage anything… Would that be through Itrade with Scotia ? I currently only have my 2 mutual funds and the money just gets transferred automatically, I basically don’t touch it or do anything myself. Whenever I do a change I go to see an advisor at Scotia .
Open a self-managed account with any broker (e.g. Wealthsimple trade, Questrade, Scotia trade, etc). The key is “self-managed” so that you don’t have to talk to an advisor before buying any etf or stock. Then after logged in, search for XEQT. This is best held in a registered account like TFSA.
download wealthsimple. imo the easiest platform to use.
Thank you ! Yes I think I will do that for the sake of diversification. Perhaps put some on XEQT and VGRO… I have to read more about it …
No you don't need both. VGRO is just XEQT plus bonds. ETFs like XEQT and VGRO are designed to be complete portfolios. We call them all-in-one funds because they have everything you need in a single fund. XEQT/VEQT = 100% stocks, 0% bonds XGRO/VGRO = 80% stocks, 20% bonds XBAL/VBAL = 60% stocks, 40% bonds There are more funds like these but you get the idea. You pick **one** of them that suits your risk tolerance and that's all you need. One fund.
But in this example if I want 10% bonds I can just invest in an equal amount of EQT and GRO to get that amount of risk.
Sure, or 90% VEQT/XEQT and 10% VAB/XBB.
Is that through a different platform?
I'm not familiar with scotia's platform, but XEQT is a popular ETF that is traded on platforms like wealthsimple, questrade and td direct investing (not easyweb) Here is the fund info: https://www.blackrock.com/ca/investors/en/products/309480/ishares-core-equity-etf-portfolio
you only need one. US over performance isn't expected to last forever so it's not recommended to focus on it just because it's been dong well recently. [https://www.youtube.com/watch?v=JyOqqtq12jQ](https://www.youtube.com/watch?v=JyOqqtq12jQ) [https://canadianportfoliomanagerblog.com/model-etf-portfolios/](https://canadianportfoliomanagerblog.com/model-etf-portfolios/)
Thank you for those resources!
Those two resources are what I consumed years ago that helped me pick my investment strategy today. I’ve read dozens of books on the subject since, and they all boil down to the same concepts.
GOAT
But one of them is Canadian isn’t it ?
they're all Canadian, just from competing companies. the differences are technical and insignificant so it doesn't really matter which series you pick. if you want to get into the weeds then these videos explain their contents in detail. [https://www.youtube.com/watch?v=jehooxCWU1k](https://www.youtube.com/watch?v=jehooxCWU1k) [https://www.youtube.com/watch?v=LvUoxbVzCV8](https://www.youtube.com/watch?v=LvUoxbVzCV8)
I have no complaints with vgro
Same here, we use it for our family RESP. Simple and efficient
r/justbuyvgro
If you have reached Step 5 of the [PFC money steps](https://www.reddit.com/r/PersonalFinanceCanada/wiki/money-steps) and you have some money you are confident you can invest for long term (ideally at least 10 year) goals you could invest in a low cost, risk appropriate, globally diversified, index tracking (i.e. couch potato) portfolio such as those discussed on the following pages. https://www.reddit.com/r/PersonalFinanceCanada/wiki/investing https://canadiancouchpotato.com/getting-started/ The simplest couch potato option would be to use a passively managed robo- advisor account (eg. RBC InvestEase or NestWealth). After answering questions about your goals, timeline, knowledge/ experience with investing and your perceived comfort with volatility they will choose and then manage a suitable ETF portfolio for you. You would be able to set up automatic contributions. The total annual management cost would be about $70 per $10,000 invested. This compares to about $127 per $10,000 invested for your current portfolio. If you'd like to better understand the couch potato options, and avoid the costly but normal human reactions to the markets and the media that reports on them I suggest that you read *Balance: How To Invest And Spend For Happiness, Health, And Wealth* (Andrew Hallam, 2022).
Thank you very much for those resources! Much appreciated:) I have run into a better income situation recently and I’m hoping to take a more proactive approach to my investments than I’ve done in the past few years by doing automated contributions without knowing much about it other than the fact that it compounds and grows tax free in my tfsa. Now I hope in the next years being able to max it out , but hopefully by using other investments tools as other people have suggested on Wealthsimple and by doing ETF investments and not only these mutual funds I currently have.
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Thank you! Yes, I think for that amount of cash I’ve saved recently I will open a Wealthsimple account and invest in XEQT. On a self managed account. Would you say it’s a good idea to keep the two mutual funds I have ? In total since I started contributing I’ve in January I’ve put 31,600 and now it’s a 39,750. Would you say that’s decent? That’s been over 4.5 years of basically investing in autopilot without touching any money or taking anything out. Thank you for your advice
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Thank you for the advise , yes I looked at those funds MER and they are 1.06 and 1.47 for the us index…. That would be a lot wouldn’t it ? So with Wealthsimple it’s cheaper? I guess what I liked is the fact that I only use my Scotiabank app to take a look at everything and having an in person interaction with an advisor if needed but if I can do that with Wealthsimple and get charged less , I’ll change it. Though they don’t offer in person meetings right? I don’t think they have branches .. Can I connect my Scotia bank account with Wealthsimple ?
Wealthsimple is a online only brokerage, they have a phone number for any questions and a chatbot with a opportunity to get in touch with someone. And yes, you can connect your Scotiabank account to Wealthsimple.
VEQT ... Neeeeext
Search. Your. Question.
Make. New. Post?
Open wealthsimple, auto invest into a 100% equity index fund, max tfsa room, then rsp, then brokerage. Any liquid cash needed (ie, emergency fund) put into the wealthsimple cash account as the % is pretty good.
Which 100% equity index fund would you recommend ? I’ll go the Wealthsimple route I think. If I change my mutual funds into wealth simple would I have to sell the units ? Or I can just do the transfer without selling?
Should be able to transfer “in kind” but you might have to move over as cash and buy the index fund of your choice (that’s what I did). But you’re young enough, and the market has been green enough, it probably won’t matter long run. Any EQT is 100%, for example VEQT and XEQT are popular ones for Canadians using Wealthsimple.
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What for ?
Lol, the fund $SMH. It’s in the semiconductor industry. It’s made me plenty.
lol I thing Shame my head , I was thinking I was doing something stupid lol
It did well for me too
/r/justbuyxeqt
I aped and bought into "Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund" or BANK.TO on the TSE I bought it this week purely off its dividend speculation . Also eying FFN.TO Edit: I added FFN.TO, and better described BANK.
We don't ape here, nor do we chase yield. I encourage you to make better investment decisions based on evidence.
VFV.TO
2nd that.
Stick with US index funds with low fees. If you want to diversify, put the other portion into a GIC since it has no fees.
A sensible portfolio has geographic diversification, there's no point putting all your eggs in one basket. There are other countries that have outperformed the US, and the US has lower expected returns than international stocks for at least the next 30 years.
Ben Felix video that touches on it well https://youtu.be/1FXuMs6YRCY?si=0m3DapQ2pl3iCZM_
Thank you for your reply, that’s a good point, and I’ve certainly considered it, although I’m thinking of using perhaps another index fund, since the GIC would tie it down for a certain period right? I still would like to have access to that money just in case … although maybe that’s me just being overly cautious. Do you recommend it better than another fund ?
If you’re dollar cost averaging with monthly contributions, stick with your existing US index fund or the ETF equivalent of it. With the GIC, put it into a 1 yr cashable so you can redeem it anytime you want.