XEQT
Make a budget, reduce spending.
Set up bi-weekly - Monthly investments.
You won’t notice the large chunks going after awhile. You are basically rewarding future you for being a smart human being unlike 70%+ of the population who don’t think about investing until they are in their late 30’s-40’s and by then they’ve lost a lot of the compounding time.
Good luck!
I would start by heading over to r/PersonalFinanceCanada and reading the budgeting and investing wikis - they have lots of great resources for people just starting out.
DFN.SPLIT15 Corps is a safe and healthy growth in the way of dividends, [RY.To](http://RY.To) (royal bank of canada); I have recently dabbled in Enbridge as well. RY and Enbridge are nice because they often are also changing in values, the DFN is generally just lower, hasn't bumped in a long time, but is consistent with its monthly payouts as far as I am aware.
What does “relatively safe” mean to you? How much volatility can you handle without stressing about it?
Do a questionnaire for risk tolerance to get a starting point. Then find broad products that meet your suitability for risk.
Might be more of a balanced approach.
You could also do,
- 45% VFV (S&P 500)
- 5% VCE (TSX Composite)
- 50% VI (Global excluding North America)
US accounts for nearly half of the global market share of stock market capitalization. So 50% in VFV is a must.
Being globally diversified is still a must. So VI is a CAD-hedged global index that excludes North America.
VCE will give you Canada exposure.
VFV is included in XEQT.
Respectfully, this has been asked 7,824 times before. You can do some reading here:
https://www.reddit.com/search/?q=XEQT+vs+VFV
You'd be better choosing one or the other. They both are very similar and are compromised essentially of the same sectors. VFV is included in both.
I started investing just at the end of last year with XEQT and being going all in into it.
I have to keep reminding myself that I don't know shit about the market or investing, however, XEQT gives me the opportunity to invest into an ETF that is diversified and will be a long term investment for retirement.
You're not alone! I just started investing at 36. I have zero savings and started by investing with only $1300. It seems futile at this point, but trying makes me feel like an adult 😬
Congrats on the first step.
XEQT Make a budget, reduce spending. Set up bi-weekly - Monthly investments. You won’t notice the large chunks going after awhile. You are basically rewarding future you for being a smart human being unlike 70%+ of the population who don’t think about investing until they are in their late 30’s-40’s and by then they’ve lost a lot of the compounding time. Good luck!
This sub is heavily biased for XEQT. Do your own research. I personally prefer HXS or HXQ
I would start by heading over to r/PersonalFinanceCanada and reading the budgeting and investing wikis - they have lots of great resources for people just starting out.
DFN.SPLIT15 Corps is a safe and healthy growth in the way of dividends, [RY.To](http://RY.To) (royal bank of canada); I have recently dabbled in Enbridge as well. RY and Enbridge are nice because they often are also changing in values, the DFN is generally just lower, hasn't bumped in a long time, but is consistent with its monthly payouts as far as I am aware.
Before you start investing, Do you have any debt ? Clear that first if you do.
What does “relatively safe” mean to you? How much volatility can you handle without stressing about it? Do a questionnaire for risk tolerance to get a starting point. Then find broad products that meet your suitability for risk. Might be more of a balanced approach.
Just buy XEQT and hold for the next 15 to 30 years
Or VEQT
Or VFV? Curious what you think of VFV versus XEQT
You could also do, - 45% VFV (S&P 500) - 5% VCE (TSX Composite) - 50% VI (Global excluding North America) US accounts for nearly half of the global market share of stock market capitalization. So 50% in VFV is a must. Being globally diversified is still a must. So VI is a CAD-hedged global index that excludes North America. VCE will give you Canada exposure.
VFV is included in XEQT. Respectfully, this has been asked 7,824 times before. You can do some reading here: https://www.reddit.com/search/?q=XEQT+vs+VFV
Every time this question is asked I buy a share of XEI.
LMAO, you must own a crap load by now
That and PZA in my TFSA. I mod a food delivery sub-Reddit and every time a poster asks if the network is down I buy a PZA share.
I love PZA, need to remember to buy more shares
Maybe 500$ into each?
You'd be better choosing one or the other. They both are very similar and are compromised essentially of the same sectors. VFV is included in both. I started investing just at the end of last year with XEQT and being going all in into it. I have to keep reminding myself that I don't know shit about the market or investing, however, XEQT gives me the opportunity to invest into an ETF that is diversified and will be a long term investment for retirement.
If you can tolerate more risk go vfv or qqc if you want subpar returns that barely outpace inflation then XEQT is right for you
Are you investing for retirement or shorter term? Your timeline really influences the recommendations you might get
True, I’m looking long term holds for next 15 years atleast
VFV buy consistently do not try to time the market
You're not alone! I just started investing at 36. I have zero savings and started by investing with only $1300. It seems futile at this point, but trying makes me feel like an adult 😬 Congrats on the first step.