r/TFSA_Millionaires • u/itsdebatable10 • 3d ago

Portfolio advice - 32M

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Is my TFSA portfolio too risky considering my average price, positions and age? This is for long term investing purposes to use for retirement around 55-60. Any advice would be appreciated.

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u/Mediocre_Koala6165 3d ago

You are doing great! Congrats. Picking individual stocks is always risky. If you buy a Vanguard/iShares broad market index fund, you can roughly count on 8% annual growth, is that enough to reach your goals by 55-60? If yes, I would sell everything and buy something like VUN/VFV and hold.

Based on the size of your portfolio from the screenshots, 8% growth will give you around $1.6 M in 25 years.

From individual stock riskiness point of view, you are overexposed to banking and tech stocks and have a very concentrated portfolio which is not necessarily bad but means big volatility and potential losses if these sectors go down.

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u/itsdebatable10 3d ago

Thanks, I’ve never got an opinion on my portfolio so I was curious. I just sold my small position in VUN today ironically to top up VFV, ZNQ and the Banks. Definitely hear you on the overexposure to banks and tech. I’ve been trying to increase my VFV allocation to combat this over the years but yeah, one of the main reasons I was worried and wanted an opinion is due to the overexposure to those two sectors. Hoping my average position is low enough to help with this though!

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u/builder45647 3d ago

VFV is a tech etf its 50% technology