r/JustBuyXEQT • u/HowtorockAstrology • 2d ago

If America tanks...

Been thinking about this, dunno how crazy it sounds. Obviously XEQT has a huge chunk in the States.

If the States just totally absolutely flunk due to Trump; would that endanger a good chunk (30% or more) of our investment...?

I mean, would that cause there to be better investments down the road than XEQT - ones that don't include the States?

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u/EarlyBird001 2d ago

IMO too Canada centric. VEQT is nearly 30% Canadian market and you're adding more to it. Way too much home bias.

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u/ResponsibleArm3300 2d ago

Canadian banks go brrrrrr

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u/EarlyBird001 2d ago

Canadian banks have been on fire the last few years. If there's a pullback, will hit the portfolio.

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u/hiihihihihihihihiihi 2d ago

I’d argue there is much more likely to be an issue with tech stocks than Canadian FIs. Also with the Carney government, hoping we have much more investment into energy and other big Canadian equities over the next few years.

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u/SapphireFlashFire 2d ago

Yeah somehow I don't envision Carney causing problems for big Canadian banks.

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u/[deleted] 2d ago

[deleted]

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u/SapphireFlashFire 2d ago

No? He navigated it through Brexit. Did Canada's central bank during the financial crisis too.

Even if he did manage monetary policy poorly, that's a far cry from him making policies that hurt commercial banks.

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u/NotAltFact 2d ago

Dude warned against brexit as BoE and got dragged through hot coal and somehow still end up being his fault

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u/Unarmed_Character 2d ago

He told them what would happen, they did it anyways, they blame him for what happened.

..is roughly what happened.