Advice needed - Investments (TFSA, RRSP and non-registered)

Latitude57 wrote: ↑What would you guys do ? Stay at National Bank ? Switch to Wealthsimple ? Or buy VGRO ETF ? Keeping in mind I already have a TD Direct Investing account ?

Latitude57 wrote: ↑
There's another issue, I think there is a 9.99$ fee with TD every time I'll be buying VGRO..... 9.99$ every 3000$ is a lot ?

Investing in a non-registered account involves a lot more hands-on work than RRSPs and TFSAs. While there’s no such thing as a maintenance-free taxable portfolio, you can certainly make your life easier with a few simple strategies:

1. Consider alternatives to ETFs. Make no mistake: ETFs are generally tax-efficient and they can be a great choice in non-registered accounts. But if you’re a novice index investor, consider other good products that require a lot less recordkeeping. Mutual funds, for example, track your adjusted cost base at the fund level, rather than relying on you or your brokerage to do all the work. In most cases, you won’t have to make any manual adjustments for return of capital or reinvested capital gains. So if you use the TD e-Series index funds in your taxable portfolio, you will find them easier than ETFs.

Another option, if you’re holding fixed income in your taxable account, is to use GICs instead of a bond ETF. There are some tax-efficient bond ETFs available, but again, you will have to do a little work to ensure the book values are accurate. Whereas with GICs there are never capital gains or losses: all you need to do is report the interest indicated on your T5 slip.

Latitude57 wrote: ↑I don't get how e Series index funds are easier to deal with than ETF tho ? Can someone explain or post a link ? Is it because you get more details on fees, dividends, etc. at the end of the year on your ''statement'' ?

Latitude57 wrote: ↑So, you need to calculate ACB in order not to get taxed on reinvested distribution or dividends, which would be seen as capital gain otherwise?

John47 wrote: ↑Tu mets tout ton REER dans XAW pour éviter les "foreign withholding taxes".

You put all your RRSP in XAW to avoid "foreign withholding taxes".

For investors who use XAW, the drag caused by foreign withholding taxes is somewhat smaller, because not all of its stocks are held via US-listed ETFs. But the overall cost is still substantially higher than it would be if you held the underlying funds directly in your RRSP.

freilona wrote: ↑ Yep, in a nutshell - and it only matters when you sell You seem to be catching up quickly, maybe you’d want to consider swap-based Horizon ETFs? No dividends or distributions, perfect for non-reg accounts (in fact, designed for them!), low(er) MERs - and for people who don’t need the income (yet). This way you’d be buying VGRO in TFSA and RRSP and 3-4 more ETFs in non-reg (I think you can skip the bonds one for now ) See if this makes sense: https://www.milliondollarjourney.com/a- ... ccount.htm

(I’m buying HXT in our non-reg if it helps )

CloudReader wrote: ↑ The fixed advisor fees should be tax deductible so if you have a high income tax bracket + a fast increasing portfolio, they will drop a lot. The National Bank fees looks pretty good; RBC's start off higher and the next bracket is 500K. At that point, it's lower overall fees than the CCP Tangerine method, but still higher than self-directed ETF purchasing. Of course, the advisor is also supposed to create and adjust a investment plan depending on what's happening in your life, synergize the banking and investing (budgeting, auto-contributions), as well as provide general financial/tax advice.

What I don't like is that the bank affiliated advisors tend to suggest products by their own institution. Though I've been told that at a certain level of accreditation, the advisor should be able to offer products from any institution.

Kinda on the subject with the CCP strategies for retirement savings, is anyone concerned with the long-term implications of index investing? It's growing at a tremendous pace and it's already starting to distort the market. Companies who can make the cut instantly jump in value, and tend to see gains as long as they stay high enough to attract the index investors. Short-term, looks to be a terrific for anyone subscribing to CCP, but if we're talking about 35 years down the road...

John47 wrote: ↑ Le portfolio n'est pas approprié pour ton profil --- 26 ans, pas besoin de l'argent pour longtemps. Beaucoup trop de "fixed income". En plus, les frais sont très élevés.

La recommandation de t'ouvrir un compte Questrade m'apparaît bonne.

Ensuite, tu mets tout dans un portfolio "couch potato", genre 80% XAW, 20% VCN.

Pour la question du "re-balancing", quand tu as de l'argent à ajouter à tes comptes, tu le mets dans l'un ou l'autre des ETFs en fonction de la diversification que tu veux. Tu n'as pas besoin de vendre un ETF pour mettre dans l'autre. Tu ajustes ta proportion au fur et à mesure en fonction de tes nouvelles contributions.

Latitude57 wrote: ↑ This is really interesting, are you only buying HXT ? I would think a 3 ETF portfolio with HXT, HXS and HXDM is better over long term ?

freilona wrote: ↑ (Thanks to google translator.. ) Sorry, but the only way to avoid paying foreign withholding taxes is to buy US-listed ETFs in RRSP. With XAW they’re still payable:



http://canadiancouchpotato.com/2016/06/ ... nada-etfs/

(No arguments with your advice otherwise.. )