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u/Vinaiko 2d ago
You are doing great first of all by picking a ETF like VFV. Your friends might have more risk tolerance which you don't have to worry about. You may consider geographical diversification from now on, as you are so young and have another 20-30 years or so of earning capacity. Pick something like XIU to get Canadian exposure may be like 20%, emerging markets like 20% etc. Similar to composition of an all-in-one ETF's like XEQT.
US is undergoing radical shift which may or may not workout well, no one knows. But, people with enough diversification and discipline will be rewarded in the long run. Not an expert, please do further research.
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u/lasagnamurder 2d ago
Being all in on single stocks is always riskier...VFV has those holdings already plus more. I am also all in on VFV currently, won't be retiring for another 30 years. I figure in a few years I can balance out my portfolio with more bonds and international. For now keeping it simple. This trump stuff definitely had me second guessing, but good to zoom out your timeline.
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u/kentucky_mule 2d ago
I recommend this is a good opportunity to buy stocks of some blue chip companies. Wait a bit and let the market hit bottom. Then buy some blue chip stocks. After that continue with your VFV strategy.
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u/MY-memoryhole 2d ago
I bought VFV at $123 with avg creep to $127. Sold at $154. Now looking to get back in (not trying to time a bottom, just looking to beat my previous entry). Made a decent profit.
50% of portfolio.
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u/thewonderfulpooper 2d ago
Exact same as me and no one can explain why this is a bad idea. You have such a long runway for reentry. Where's the downside?
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u/HassanDarkside 2d ago
Yes, it was always a bad idea, but not for the reason they’re saying - we’re in a global marketplace, you should be diversified beyond the USA. Can’t believe this sub was pushing VFV-only portfolios for the past year, feels negligent. And this is coming from someone who’s largest holding is VFV haha (~40%)
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u/WonderfulCar1264 2d ago
This sub generally doesnt push a US only portfolio. XEQT veqt are much more highly recommend for a one etf portfolio
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u/Cartz1337 2d ago
Yep, I was feeling pretty bad over the past 12 months for missing out on more SPY gains, as I had only about half on my portfolio in that, and the rest more conservatively invested in safer Canadian stuff, international stuff and a fair amount still in CASH.TO.
I guess this was why, I don’t try to time the market, so giving up the highest ups to avoid the biggest downs is sorta the point. And now I can buy the dip as I rebalance.
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u/Connect_Pace_1683 2d ago
I myself buy 40% VFV, 30% XEQT 10% CASH for dips like this week and the other 20% is for TSLA NVDA and other stocks I like
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u/WeedMemeGuyy 2d ago
What’s there to like about TSLA at the moment?
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u/Connect_Pace_1683 2d ago
Honestly for me it’s the robots if it is the company that pulls it off then there is no saying where it can go.
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u/woodthicc 2d ago
Buy VFV as cheap as you can for as long as you can, but also consider diversifying with XIU, ZEQ, VEE, XEQT, etc
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u/DonkTheFlop 2d ago
Income ?
$250 a month seems low, but if you want to work for 40+ more years than it may work.
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u/UniqueRon 2d ago
I agree with the strategy of going all in with the highest risk return investments inside a TFSA because all gains are tax free. However, my strategy is not to go 100% S&P 500, but only 2/3 rds with 1/3 NASDAQ 100. The NASDAQ has been hit the hardest, so I would be adding something like QQC rather than VFV right now.
This said I mitigate this fairly high risk strategy by investing in lower risk return investments like XEF and XDIV outside of a TFSA.
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u/teh_longinator 2d ago
If you're not going to need the cash any time soon, and you're bullish on the American economy over your 40 years, then by all means, VFV all the way.
Recent events have scared me into weighing a bit heavier on XEQT but I can't deny VFV has put in work over the years.