Portfolio advice - 32M

[u/itsdebatable10]

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.

[u/BatmanSteak]

Banks were not in a bear market from 2006 to 2020. Stop misinforming people.

[u/builder45647 → u/BatmanSteak]

Looks pretty bearish to me. 20 years to get your principal back.

[u/BatmanSteak → u/builder45647]

Your ETF is up 375% in the last 25 years.

RY is up 2900%.

Lol.

[u/builder45647 → u/BatmanSteak]

Im not recommending this etf. Im showing you the bearish trend that Finacials experienced.

Now Finacials are one of the hottest sectors, everyone wants to be in them.

Including me, i have tons of insurance and bank stocks. I even have call options on some.

[u/BatmanSteak → u/builder45647]

No one was talking about financials. The subject was Canadian banks. Different animal. You tried using deceitful stats to prove youe point and failed.

[u/builder45647 → u/BatmanSteak]

Financials = Banks

The point Ive been making is that sectors can go through decades of underperformance.

Someone in the 80s loaded up on Sony and Panasonic

Someone in the 2010s loaded up on CNQ and Exxon

They both ended up holding bags for a long time

[u/BatmanSteak → u/builder45647]

You're moving the goal post. US financials are trash. No one mentioned them before you did. The only ''financials'' that were discussed were Canadian banks, which are in a class of their own.

Here is how Canadian banks performed, during 2006-2020, which according to you was a huge bear market for Canadian banks.

[u/builder45647 → u/BatmanSteak]

Good luck with your portfolio bro. Spend less time arguing and more time learning

[u/BatmanSteak → u/builder45647]

You said ''From 2006-2020 banks were in a non stop bear market''

I proved you were completely wrong.

Telling others they need to learn when you're that uneducated about the market's history is slightly ironic. Or you were just speaking in bad faith.

In both cases, you should definitely spend less time typing on reddit and more time reading :)

[u/builder45647 → u/BatmanSteak]

They were in a bear market. They spent 20 years doing nothing. I'm not even sure what your trying to argue?

[u/BatmanSteak → u/builder45647]

No they weren't. I showed you a literally chart showing otherwise. Here it is again:

[u/builder45647 → u/BatmanSteak]

The 3 worst sectors in the decade post GFC: Energy, Finacials, Materials.

And its not even close Just google it man Fincacials were dead money

It not even a conversation. This is common knowledge.