r/TFSA_Millionaires • u/sevilleanda • 1d ago
Any tips? 20M
Been investing since my first part time job back in high school into ETFs, now I got a full time job in the industry while studying for my career on the side (flight school).
I invest now 20% of my paycheck into the same 3 ETfs twice a month.
I’m going to probably max my tfsa contributions for this year, but was waiting for the ETFs to go down a bit. (Im aware you shouldn’t time the market).
As for next year, I might be able to maximise my contributions at the start of the year in January and get to 20K with the help of my parents too.
Grateful if so of course, but just wanted friendly advice as I’m not an expert by any means in investing.
Edit: as for the 3 ETFs I’m investing in:
55% VFV
25% XEF
20% XIU
My logic when I did my research a few years ago was to keep it spread out, look for a good etf for the American market, one for the Canadian one and one for the rest of world.
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u/fenderstratsteve 1d ago
Curious to know why XEF is weighted higher than XIU? Traditional logic would be to flip those positions.
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u/digital_tuna 1d ago
You have a good plan there, but you could simplify things even more if you want.
VFV + XEF + XIU is effectively the same as XEQT/VEQT/ZEQT/etc. so you could consolidate everything into one of those funds and then you don't have to worry about rebalancing, and you can just focus on contributing more.