TFSA Account
Hi all,
Ive maxed out my TFSA held with a discount brokerage. Over the past few years I've been splitting the money in GICs. The return is pretty bad between 1 and 2%.
I have recently started looking at bonds. I didn't understand what the bond price is for? They range between 99 and 101 dollars. Is that the price to purchase the bond from the brokerage?
Alternatively I have been reading about bond ETFs such as vanguard's VAB or scotias ZAG. I have money outside of these accounts and I'm not really dependent on the TFSA monies but still I worked for it and don't want to loose it.
I should mention I have an RRSP that I like to take a lot more risk with. In the RRSP I have VGRO and XBAL. Since I won't be touching the RRSP for another 30 years I feel comfortable taking higher risk there.
I think I'm looking for some good options with the TFSA. I'm familiar with the Canadian couch potato and I'm considering the moderate risk protfolio.
Thanks for any replies.
Ive maxed out my TFSA held with a discount brokerage. Over the past few years I've been splitting the money in GICs. The return is pretty bad between 1 and 2%.
I have recently started looking at bonds. I didn't understand what the bond price is for? They range between 99 and 101 dollars. Is that the price to purchase the bond from the brokerage?
Alternatively I have been reading about bond ETFs such as vanguard's VAB or scotias ZAG. I have money outside of these accounts and I'm not really dependent on the TFSA monies but still I worked for it and don't want to loose it.
I should mention I have an RRSP that I like to take a lot more risk with. In the RRSP I have VGRO and XBAL. Since I won't be touching the RRSP for another 30 years I feel comfortable taking higher risk there.
I think I'm looking for some good options with the TFSA. I'm familiar with the Canadian couch potato and I'm considering the moderate risk protfolio.
Thanks for any replies.