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How to buy S&P index fund?

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Dec 24th, 2020 5:23 pm
kiasu [OP]
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Dec 24th, 2020 5:23 pm

How to buy S&P index fund?

Sorry..noob question here

Is it the same like buying stock? I have HSBC InvestDirect acc.
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Dec 24th, 2020 5:50 pm
Deepwater
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Dec 24th, 2020 5:50 pm

Yes, just like buying a stock, with a ticker symbol, from your broker. Several available from different index providers.
XUS https://www.blackrock.com/ca/investors/ ... ts/251422/
ZSP https://www.bmo.com/gam/ca/investor/pro ... file%2FZSP
VFV https://www.vanguardcanada.ca/individua ... /?overview

The above are all listed on the TSX. You could also buy different ETFs from US providers, listed on US exchanges. If holding in an RRSP there are some tax savings from holding US listed ETFs, but it's more complex because you need to hold in US$.

Mandatory disclosure that you should look at overall portfolio design and asset allocation, rather than just focus on one market or segment. Asset allocation ETFs get you much broader diversification and simple portfolio management.
https://www.finiki.org/wiki/Main_Page
https://www.finiki.org/wiki/Portfolio_d ... nstruction
https://www.finiki.org/wiki/Asset_allocation_ETF
I solemnly swear, to never assume I have an inkling at which direction the market will head, and to never make any investments based on a timing strategy.
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Dec 24th, 2020 5:52 pm
braveblade
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Dec 24th, 2020 5:52 pm

1. Deposit money into your RRSP account (No withholding tax for US stocks in RRSP).
2. Convert CAD into USA using norbert gambit.
3. Buy VOO.
4. Forget about the funds until you are close to retirement.
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Dec 25th, 2020 8:39 am
kiasu [OP]
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Dec 25th, 2020 8:39 am

Arr sound a lot of study here..basically i want to put them in TFSA and RRSP
2007 - Ipod Video (TD), Ipod Shuffle (GM)
2006 - Ipod Nano (TD)
2005 - Ipod Shuffle (TD)
Dec 25th, 2020 10:48 am
UrbanPoet
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Dec 25th, 2020 10:48 am

kiasu wrote: ↑ Arr sound a lot of study here..basically i want to put them in TFSA and RRSP
If you need your hand held like that.
The above explanations do not require study. They actually just told you what to do.
Although they did give suggestions to optimize your earnings and tax treatment.

But if thats too much...
Just search the stock “XEI” and buy it...

Edit : ignore XEI suggestion. XSP is the one i used to own.
Last edited by UrbanPoet on Dec 25th, 2020 12:21 pm, edited 1 time in total.
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Dec 25th, 2020 11:20 am
kiasu [OP]
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Dec 25th, 2020 11:20 am

UrbanPoet wrote: ↑ If you need your hand held like that.
The above explanations do not require study. They actually just told you what to do.
Although they did give suggestions to optimize your earnings and tax treatment.

But if thats too much...
Just search the stock “XEI” and buy it...
Ok so there r few stocks for S&P index and XEI is one of them?
2007 - Ipod Video (TD), Ipod Shuffle (GM)
2006 - Ipod Nano (TD)
2005 - Ipod Shuffle (TD)
Dec 25th, 2020 11:23 am
UrbanPoet
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Dec 25th, 2020 11:23 am

kiasu wrote: ↑ Ok so there r few stocks for S&P index and XEI is one of them?
yep. There could be better ones. That's a matter of debate.
If research and study is something you don't want to partake in... Then perhaps something like below is more suited to you. IT has exposure to S&P500
https://www.vanguardcanada.ca/advisors/ ... 9/balanced

only good for money you don't plan on touching the money for @ minimum 5+ years.
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Dec 25th, 2020 11:37 am
kiasu [OP]
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Dec 25th, 2020 11:37 am

UrbanPoet wrote: ↑ yep. There could be better ones. That's a matter of debate.
If research and study is something you don't want to partake in... Then perhaps something like below is more suited to you. IT has exposure to S&P500
https://www.vanguardcanada.ca/advisors/ ... 9/balanced

only good for money you don't plan on touching the money for @ minimum 5+ years.
thank you

the XEI is in CAD$....i have USD account for invest too..what is recommended which similar to XEI in US?
2007 - Ipod Video (TD), Ipod Shuffle (GM)
2006 - Ipod Nano (TD)
2005 - Ipod Shuffle (TD)
Dec 25th, 2020 11:48 am
alanbrenton
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Dec 25th, 2020 11:48 am

TSLA is in that index just so you know but because Mr. Musk twitted $1t, I think market cap will reach that in little time as long as there is no big black swan in 2021.
Last edited by alanbrenton on Dec 25th, 2020 12:18 pm, edited 1 time in total.
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Dec 25th, 2020 12:19 pm
UrbanPoet
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Dec 25th, 2020 12:19 pm

freilona wrote: ↑ XEI is NOT an S&P 500 ETF: https://www.blackrock.com/ca/investors/ ... -index-etf (and shouldn’t have been recommended in this thread - there’s enough confusion for OP and other beginners who might read it..)
Whoopsy! Youre right. I was just quickly looking down my list to provide an answer.

Edit : xsp was the one i used to own.
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Dec 25th, 2020 4:56 pm
kiasu [OP]
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Dec 25th, 2020 4:56 pm

freilona wrote: ↑ XEI is NOT an S&P 500 ETF: https://www.blackrock.com/ca/investors/ ... -index-etf (and shouldn’t have been recommended in this thread - there’s enough confusion for OP and other beginners who might read it..)
Ok i am confuse now. Then what is XEI? How do i tell or know which one is S&P indexs fund
2007 - Ipod Video (TD), Ipod Shuffle (GM)
2006 - Ipod Nano (TD)
2005 - Ipod Shuffle (TD)
Dec 25th, 2020 5:01 pm
freilona
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Dec 25th, 2020 5:01 pm

kiasu wrote: ↑ Ok i am confuse now. Then what is XEI? How do i tell or know which one is S&P indexs fund
“S&P 500” in ETF’s name might be a dead giveaway :) Try reading the links you were already provided or do some googling.
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Dec 25th, 2020 5:57 pm
admiralackbar
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Dec 25th, 2020 5:57 pm

There is no easy button when it comes to investing if that is what you are looking for. A little learning goes a long way and is essential before investing. All about risk and reward.
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Dec 26th, 2020 10:13 pm
kiasu [OP]
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Dec 26th, 2020 10:13 pm

so is VFV one of the S&P 500 ETF?
2007 - Ipod Video (TD), Ipod Shuffle (GM)
2006 - Ipod Nano (TD)
2005 - Ipod Shuffle (TD)
Dec 26th, 2020 10:48 pm
freilona
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Dec 26th, 2020 10:48 pm

kiasu wrote: ↑ so is VFV one of the S&P 500 ETF?
Google: “VFV ETF”:
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Dec 26th, 2020 11:39 pm
freilona
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Dec 26th, 2020 11:39 pm

I hope you’re aware that index ETFs go up and down? You sound like someone who’ll be posting “I finally bought an ETF and it dropped 2% the next day what should I do?” Please do your homework now - or get a bank financial advisor to buy you mutual funds..
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