What do you invest in RRSP vs TFSA?
- Thread starter Big Rig
- Start date
Awesome, what Etfs are you currently trading ?High yield covered call ETFs in my TFSA.
Get a bundle of mad money every month
If your company does RRSP matching, no brainer, ride it out with banks and blackrock efts.
TFSAs should only be used for high yield dividends on the TSX. Efts (vdy.to has been amazing the last two years) , Fortis, Enbridge, etc that pay you monthly or quarterly. DO NOT FORGET TO ENABLE THE DRIP!!!!!!!! DRIP, DRIP, DRIP!!!!
Don't invest in dividends stocks on the Nasdaq, wasting 15% every payment. Only invest growth based stocks on the Nasdaq.
BTW, The amount of Canadians just putting money into a regular TFSA accounts drives me nuts...they're not even keeping up with inflation!
TFSAs should only be used for high yield dividends on the TSX. Efts (vdy.to has been amazing the last two years) , Fortis, Enbridge, etc that pay you monthly or quarterly. DO NOT FORGET TO ENABLE THE DRIP!!!!!!!! DRIP, DRIP, DRIP!!!!
Don't invest in dividends stocks on the Nasdaq, wasting 15% every payment. Only invest growth based stocks on the Nasdaq.
BTW, The amount of Canadians just putting money into a regular TFSA accounts drives me nuts...they're not even keeping up with inflation!
I buy and invest in the stock market, even for the consistent earner only a small portion is in play daily. For RRSP and TFSA I recommend these Vanguard ETFs.
VGT 211% Return / 5 yr. Vanguard Information Technology ETF
VOO 185% Return / 5 yr. Vanguard S&P 500 ETF
VTI 175% Return / 5 yr. Vanguard Total Stock Market ETF
VGT 211% Return / 5 yr. Vanguard Information Technology ETF
VOO 185% Return / 5 yr. Vanguard S&P 500 ETF
VTI 175% Return / 5 yr. Vanguard Total Stock Market ETF
I started investing etfs stocks since September, I still new to investing
Here my current etfs i have,
I want like to have good feedback, if im going to the right direction. What other etfs, or stocks should I trade to build up my portfolio.
Here my current etfs i have,
I want like to have good feedback, if im going to the right direction. What other etfs, or stocks should I trade to build up my portfolio.
Attachments
What are the etfs are those ? Can send them to meHamilton Financial ETFs
Getting 12% to 14% currently.
Not growth, just tax free income in TFSA.
$1000/month mad money
How does that work?
I you can put 5k into rrsp this year, for example, company will puy in 2.5 K ?
Never heard of it
No brainer for sure free money
Is that instead of a retirement annuity? I would rather have the retirement package
in RRSP I want to avoid another lost decade that the S&P had during 2000 to 2009 when they lost 1% and international gained 1.5% so I want a more conservative play
so I go with XEQT it is a "fund of funds" – one single ETF that holds four other ETFs, giving you instant ownership of approximately 9,000 companies across 40+ countries. MER Is a low 0.21%. Captures the S&P with international safeguard
You only really need XEQT. Lots of unecessary overlap - stay consistent with global index funds for a few decades. Long as world doesn't go to shit you'll be laughing
I am trying this new thing. May be it’s a known secret, but I just found out recently.
Invest weekly in TFSA, and at the end of the year withdraw everything and put it into RRSP.
Get tax refund, and invest that into TFSA again along with weekly investments. Rinse and repeat for many years. As per the calculations, this strategy will deliver higher returns overall than simply equally investing in both RRSP and TFSA weekly.
Invest weekly in TFSA, and at the end of the year withdraw everything and put it into RRSP.
Get tax refund, and invest that into TFSA again along with weekly investments. Rinse and repeat for many years. As per the calculations, this strategy will deliver higher returns overall than simply equally investing in both RRSP and TFSA weekly.
As per my understanding, once you put something into a RRSP you cannot withdraw it right? So essentially, you start filling up your TFSA from scratch every year, correct?
Yes, you can. But it will be added as your disposable income.
Yes too for TFSA and more room added since he withdrew the earnings as well. So technically it’s from scratch and more with the earnings. Hopefully you don’t do day trading in TFSA.
Correct. You start filling in your TFSA from Jan to Dec. In Dec you withdraw from TFSA (everything) and deposit it into RRSP before year end.
You get tax refund because of RRSP, you put that back into TFSA along with your weekly deposits. These will compound better.
Your “rinse and repeat” strategy is clever gimmick, but does not beat equal weekly deposits into both accounts
I say forget it. Not worth the effort
Last edited:
It is a guess.
American markets have beaten world indexes historically but have had lost decades where they stagnated
Depends on risk level. Diversifying with some world equity is the conservative play
These recommendations are as conservative as you can get, this is advice that a good financial advisor would give you in the top 10 most recommended ETFs. Let me tell you a Tale of two shitties. In 2000 a guy I knew in my younger days came to see me and tell me about his inheritances. I estimate his new found worth to be about $400-500K at that time, he did not tell me and I did not ask how much he received. He asked me for advice, he rejected everything I told him to do. He bought property with his money. I believe he was only telling me about his inheritances because he was bragging. If he had taken my advice and put away some money every month in ETFs he would have 5x his money by now. Instead he bought bad property that could not be rented out half the time and suffered through the 2007-2008 sub-prime downturn in the USA that put a damper on Canadian property.
Second story. A friend asked me for advice in 2005 after he received a promotion to senior management. I told him the same advice. If he was not buying and selling stocks daily, then the best place for his money was in an ETF. He took my advice and his money grew exponentially. We lost touch and during the pandemic the stocks dropped 40-60%, ETFs lost a lot of value. He panicked and sold his ETFs. When the stocks stopped dropping they rose back to their original levels and beyond. If he had asked me for advice I would have told him to not sell his ETFs and even buy more at lower prices. While he is still well off by buying ETFs all these years, he lost half his gains.
Last edited:
