TFSA

mikidou99

Well at least you are gambling with a TFSA so the goverment can consider it trading and come back to tax your TFSA  gains.

itisover1234

WS screenshot? 95% chance its a TFSA

KnightofArcadia

Gambling options in a TFSA gotta be one of the dumbest things I’ve seen on this sub

Rain_In_Your_Heart

No, just lost the TFSA contribution room lol

MarginCuck

dumbass. If you’re going to yolo options don’t do it in a fucking a TFSA. TISK TISK

Mysterious_Sock_7085

Doing this in TFSA is wild

kscotch

In a TFSA? that's highly regarded

MaxDragonMan

I wish mine was in my TFSA so bad. In 2021 I was barely expecting the gains I made so it's in a non registered. (I also had run out of room that year and was so excited to start the non-registered account seemed like a good idea at the time.) I'm glad you get to avoid the tax though lol!

DM_KITTY_PICS

Not buying NVDA in the 90s, at maybe one of the lowest earnings based valuations in its history, with the most opportunity on its horizon in history, is a badge of ultimate failure in stock picking. Best TFSA contribution spend ever.

whatsyowifi

I've used margin to borrow up to 15k to make gains. I've never deposited ANY money into my account but it borrows from my TFSA (registered account in Canada). Yes I pay monthly interest but the gains make up for it. I'm up $2500 at the moment but $1500 of it came in the last 6 months from growth stocks like Nvidia and Tesla (now sold).

nevergonnastawp

One day im gonna regret gambling in my TFSA

ZacTheBlob

You can hold securities in a TFSA

ksleepwalker

As a fellow CADtard, i really hope this isn't a TFSA.

BiggieMoe01

options account down 100% TFSA up 67%

Wonko-D-Sane

Alos, TFSA capital losses are not tax deductible... so... hahah

MaxDragonMan

Few different accounts, but TFSA 14.8%, FHSA 20.6%, Non-Registered 11%. When I attempt to calculate that out as total returns for investments (because for some reason my bank won't combine returns on a chart), I end up with ~12.8% overall so far. Briefly was ~27% but meh, I'll take this for now.

Tonloc56

Classic TFSA maneuver: buy high forget cry later

Strix780

(i) You're a Canadian (me too) but you're asking this on a sub which is mostly populated by U.S. investors. Your mileage, as they say, may vary from theirs. Check out some popular Canadian sources, like the Canadian Portfolio Manager blog, which I think is Jason Bender, or the videos from Ben Felix who works at PWL capital. Those resources are well regarded, although I don't look at them myself. (I'm old and my investments are in a pretty simple holding pattern.) (ii) Some experts recommend that Canadians have 20 or 30% home country bias, and I believe there's some data to support that. Many Canadians are internationally diversified, with allocations to Canadian, U.S., and international equities (and, if you like fixed income, a chunk of that). Canadians have an easy way to do that with the asset allocation ETFs from Vanguard or iShares or BMO-- e.g. XEQT or VGRO etc. Those are one-stop shopping, but they're not very exciting. (iii) If you're holding your investments in a taxable account, consider using the total return ETFs from Global X. They have considerable tax advantages. But at 23, I assume you're mostly using your TFSA. (iv) The bigger question is what's your investment horizon. At 23, that's usually not very long, and there's a good chance you'll need the money before you're 30. Think: tuition, living expenses, a move across country to take a new job, marriage, a car, and so on. All those things will drop on your head before you know it. The conventional wisdom is to keep your capital safe if that's the case. Consider putting a good-sized chunk of your money in safe fixed income-- GICs or a low-risk bond ETF.

disjia0001

Nope. Only non-registered margin. I run the PMCC on Non-Registered. None of this is allowed on TFSA or RRSP

TheGambler7880

Last time I tried them you had to be a certain age to trade options like 22 I’m only 20 have you done a pmcc in a TFSA or RRSP on there

RadarDataL8R

Best you could do is buy the long in a TFSA and sell the short in a margin account. Absolutely no idea how that would affect your margin requirements though.

daners101

TFSA is only capped how much you can deposit each year. As long as you are trading qualified investments (like any stock listed on a major exchange), you can trade as many times as you want, and make as much profit as you want.

Kissland1

Canadians can put money in a Tax Free Savings Account (TFSA) where they don’t get taxed on capital gains OP did not do that and is subject to capital gains tax. It’s possible he has maxed out his TFSA account though

PigeroniPepperoni

Do it in your TFSA

NotNaranjaGrande

Not too late. Call your bank, set up a TFSA and do an "In Kind" transfer. You can port from your taxable account into the TFSA for however much room you have eligible. At least some will be sheltered.

itssensei

I can chime in on the non-registered part, on Wealthsimple I believe that simply means not TFSA or RRSP.

EnvironmentalRub4077

I need help with investments. I am 22 and I have a few investment accounts that I have thrown money in with ZERO understanding. For context I am from South Africa. I have a TFSA with Stash - I have saved R6000+ this year. I have made the mistake of using it as a short-term savings account in the past and withdrawing funds in times of need. I will not be doing that again. I have a Luno account and I have invested in crypto. My portfolio is at R6000 as well. However, I don't know what I am doing. I randomly bought low-cost crypto assets ie: XRP, CRV, TRX, etc. How do I determine which ones are actually worth investing in? I also have a Brokstock portfolio worth R3650. Most of my money lies in JSE Shares but I also have a US Stock called LUMN (20 lots). I am also interested in ETFs (which I am actively learning about) - I guess my question is: am I able to invest in shares/stocks and ETFS on the same platform? Moreover, I have an EasyEquities portfolio valued at R3000. Is it wise to have purchased JSE shares on both EasyEquities and Brokstock? Is that even allowed? For context, I started my EasyEquities portfolio in 2021 and pretty much abandoned it in 2022 (it's still active but I haven't invested in it in 4 years.) I started my Brokstock & Luno accounts this year as I am really looking to broaden my horizons when it comes to investments. My questions are: \- Is it advisable to have this many platforms: would it be better to use one broker for ETFs, JSE Shares and buying Crypto? \- Should I be investing on a regular basis/depositing money into these platforms monthly? \- Can ETFS interfere with my TFSA? I have seen people talk about TFSAs & ETFS as a unit. How do I maneuver that? Also, I do not have a stable income. I work for a tutoring company and sell candles as a side hustle. I live at home and am currently a final year student. I would appreciate some insight but I have committed this year to trying to learn about various investments and where exactly my money is going. \- Just a lost 22 year old who wants to be rich :(

Eastern-Shopping-864

I mean going all in on a near penny stock in your TFSA would’ve been the dumbass thing to do. Turns out the play worked out, but if it didn’t you would’ve lost all that TFSA contribution room.

im-jared-im-19

lol I wish. I was a dumbass 18 year old when I made this play. Didn’t even know what a TFSA was

VPCompliance

Please tell me this is in your TFSA!!

Karate_Jeff

selling too early is the same characteristic that keeps me from buying too late. It's pointless to bemoan the bad half of it, it has served me very well. For example I bought Canopy Growth Corp very early at like $2 per share, turned $1k into $10k in my TFSA in my first year of investing, and then did the math and couldn't come up with better than $8 per share, no matter how optimistic I got. So I sold, and spent the next few years trying to warn people about it. Everyone just said "lol sour grapes you're just mad you missed out on another 5x, and now it's gonna 10x again and you'll be even madder" etc. Well, now it's worth $1.77..... after a 10:1 reverse split.

AQOntCan

Man, buying this inside a canadian TFSA.. Holy moly

Old-Coffee-9598

Quick side question. Im in wealth simple trying to pull money from TFSA to my bank I've done it before. Says $550 available then right below it says "$0 available" why?

ProjectMagnet

just checked my TFSA for the first time in a year. Holy moly what a depressing mess this is.

MasterSexyBunnyLord

No, not really, not if it's your first time, and you don't need to. Not to mention that both these underlyings don't have great, but not bad, liquidity in their option chain. In retirement, it's better to just sell off the minimum amount of units for the cash you need every month. Start by drawing down your least tax efficient account and keep building up your most tax efficient account. That means you draw down your RRSP/RRIF first and your TFSA last. This will give your TFSA more runway to keep growing so that it's ready for you when the RRSP and non-registered accounts are gone. You're going to take a hit every month on currency conversion though but that was locked in a long time ago by selecting US listed ETFs. If you really want to do this, start doing it with one contract and see how you react first at the prospect of losing your shares. I would also do it on your margin account first too.

pongobuff

Been accumulating ASTS stock for about a year no no matter the price, literally all my take home after expenses, some in FHSA and TFSA too. Recently just shot up to +100% Abel will buy me a house within 5 years

throw-datass-away

I have 100k all in PLTR shares in my non-option gambling account. I like to do my options in a TFSA so it’s not taxed. May I dm you?

Gas_Grouchy

100%, you want to invest as much as you can as quickly as you can. You've already established a good base amount (50k) I would suggest getting 20k to HISA and invest the other 30k in an ETF. It sounds like by 22 you could have closer to $150k invested. This represents about 2 million by the time you're 50 with no further savings, with just saving TFSA maximum (7k) and RRSP (18%) after it's closer to 3 or 4 million. At 22 I'd suggest you get your own place and be an adult. I never mined roommates, I found it fun and energetic to do things with people, so that would be my first suggestion. Just know you have options at this point and need to figure out your goals. Maxing your tax benefit accounts is perfectly ok to maintain to have a good full retirement.

booyahtech

Jfc trading options on TSLA inside a TFSA account

Only-Environment7550

I bank/invest on wealthsimple and have the 3 of them, TFSA, RESP and RESP is a mix of ETFs with 3-4 stock I like, plus a small crypto account

Limp-Island-2813

It’s the first one this year and it’s doesnt trigger unless it’s too much buying selling. If you do it rarely CRA doesn’t give a shit as long as you dont overcontribute in TFSA

Visible-Atmosphere72

Bro why are you trading options in your TFSA????😂😂

MediocreTapioca69

not a TFSA in canada. they dont allow short positions so you can't "short" a put by selling it

buylowselllower420

My TFSA has averaged 22% gain per year since I started 7 years ago, I mainly read WSB for research

jeffbguarino

Yes but just do it inside a tax free savings account. I have $100,000 in my TFSA and you never pay any tax. In the RESP or RRSP you also pay zero tax until the year you withdraw the funds. Then it is taxed as income. The RESP usually pays zero tax because it is an education fund for children and they have low income and it is taxed under their SIN. If you are in the US , I don't know what they have there but in Canada there are multiple accounts you can open and your spouse can also open accounts.

throw-datass-away

Finally hit 100k USD (136 CAD) in my TFSA after starting with 2k. Really hope this shit doesn’t get taxed because I was day trading that would bum me tf out

No_Car8693

Yea same as me but I just turned 20 and all my losses are in my TFSA (Canadien) which means they are not tax deductible

WasLurking

There's a 15% foreign withholding tax on US dividends unless you're holding the TBIL in an RRSP. If it's in a taxable account you'll be able to claim a credit when you file your taxes. If it's in a TFSA/FHSA it's unrecoverable.

GovernmentGuilty2715

I wonder how many beginner day traders & option traders are looking back wishing they had just invested that $20-50k and contributed to their IRA or TFSA for 30 years and retired with a million bucks or more Seriously, the only “guaranteed” way to get rich in the stock market is compound interest which takes patience

himynameis_

You get the withholding tax even if it's in a TFSA when invested in US stocks.

Phobac07

Throw your money into a TFSA!

Affectionate-Pop693

I bought box puts on tuesday and kohl's puts on wednesday after reading comments here. Someone said they haven't used box in years so puts and some other guy's mom is a manager at Kohl's and it's a failing retailer cutting staff & inventory etc. I'm moving my money out of my TFSA I hate this place

Emergency-Pea-4574

I am extremely new and green to investing. I just turned 30 and I want to start investing what I can each month and have it grow over the next 30-35 years until retirement. How would you recommend I invest this money? I am just looking for pointer/tips so that I can do some more research into what it is I want to do. And yes I know I have a lot of research and learning to do. For context, I am Canadian with a direct investing account TFSA account with RBC. Not sure if this information matters.

CanadianSneakerNut

TFSA stock based. Invest a couple big banks, a couple big oil like imperial oil, suncor, and pick a few others such as Canadian tire, etc. stay away from trading too much in your tfsa account, or the gov will make you pay.

Stfuppercutoutlast

None of the responses so far are directed to Canadians. TFSA account. Max contributions. Invest and don’t pay capital gains tax on any profits made in that account.

Paul_Robert_

Gambling in the TFSA, hell yeah brother 

98-29

Nice one, just be careful trading options in your TFSA. https://www.moomoo.com/ca/learn/detail-tfsa-options-trading-117926-250425065

twentnime

Bro, start with RRSP for the tax brake, then throw money into TFSA, grab some index ETFs, simple and solid move. Just invest regularly and don’t stress it

Shiggets

Start with a self directed TFSA. Wealthsimple is a good app if you're not looking to do day trading and such. Read up on ETF's. Be certain about your goals. If you want long term returns, all equity ETF's are great. If you think you may possibly need or want the money you are currently setting aside sometime in the near future, look for guaranteed income ETFs that are low risk low volatility. They won't generate as much return over the long run but some of them are set up in a way that they essentially act as a high interest savings account. I personally have two ETFs. XEQT and CBIL. There are other options similar to those out there. Don't let anyone tell you what's best as that is entirely subjective and relative to your own personal situation. Read, read, and then read some more. Also, if you do end up getting something like XEQT or any kind of equity portfolio, remember that you haven't lost a cent until you've sold in the minuses. The reason I hold those two is because XEQT is great for long term return and growth. Long term being like 10 years or more. CBIL is extremely low risk, and, while it won't generate the return that XEQT would over the long term, it's essentially something you can use as a high interest savings account, within your tax free savings account. Any interest received from it can be kept and or reinvested tax free.

Kindly_Revert

In your TFSA, no less. You aren't supposed to day trade or gamble with your TFSA, it is for long-term investing 

Hour-Negotiation2597

TFSA😭😭 bruh u are cooked

WillOfWinter

If you do it on a TFSA, there’s no tax

The_old_number_six

You will have to buy PNG.V in a TFSA but yeah..that one.

Arkipelago2

I think you and I have the same vision... I've been buying up shares for the last couple of weeks. Just passed 7000 between myself and my mom's TFSA. https://preview.redd.it/d3qvce6r382f1.jpeg?width=1021&format=pjpg&auto=webp&s=cd2816730f0381aa6f113f7b6457ab10b9549af0

Delicious_Region9168

Thoughts feelings and opinions on trading spy 0dte on my TFSA

Dr_Colossus

Managed RRSP or TFSA? I looked up all my manage RRSP and wishlisted them so I could see changes.

Various_Couple_764

One good high paying dividend fund is QQQI which has a yield of 13%. 100K in this fund will generate 1 K a month of income. I am in the US and am not familiar with TFSA. But If the withdrawals are indeed tax Free I would convert your investments to QQQI and reinvest its dividend. The money would double twice Meaning if you have 100K now you would have about 400K in 10 years with a monthly income of about 4K a month. The growth is only from reinvesting the dividends. If you add money in a addition to the dividend it would grow faster. So in 10years you could use the dividends to pay the home mortgage.

Dragon_slayer1994

I like using TFSA purely as investments for retirement to compliment RRSP. That tax free growth over 30-40 years leading to your retirement will be HUGE. Plus during retirement you can withdraw within the lowest tax bracket from RRSP for optimal tax advantage, and supplement that from TFSA. Just go hard on the first time homeowners account. That will give you a great down payment. Just make sure to invest it conservatively since it's only 10 years away.

FullyLoadedClipsYT

TFSA

MilkyWayObserver

Did you get that in your TFSA or non-registered?

SnooDonkeys9918

I love the TFSA, it’s pretty perfect.  

Aqtinic

Nice! I have this in my TFSA (Canadian IRA)

prisimz

Hello, i have recently been blessed with having no more mortgage payments and a small lump sum of cash. I got 98k and paid off all my loans and debts. I now have 68k and am debt free with no mortgage payments. I am a small business owner and do fairly well for myself. I live in canada and currently have 57k in my TFSA. My risk tolerance is fairly high as this isn't my first rodeo. Just wondering what plays you would recommend during this time? I feel like I'm about to buy in at a very high point and am weary. But also the FOMO is real

Whole_Tea_4383

ok insult me for absolutely no reason, show me a source that says its not illegal and shows the exact limitation of option trading in a TFSA. Please show it to me instead of insulting someone for no reason.

Whole_Tea_4383

it is illegal to TRADE options in a TFSA. CRA is just so vague about the limits and the consequences but i can assure that they absolutely can close your right to have a TFSA. Your broker cant really block you from buying options, because it is legal to a certain point

inevitable_fallen

Considering the amount I'm doing okay. This was all savings - TFSA, RRSP, FHSA & Non-Registered over 5 years. But I'll probably have to work an extra 10 years due to this.

LawyerInTheMaking

Completely understandable. If there is one thing I don’t like it’s that the CRA is vague about what they consider as an active trading. Like if I did CC every week and kept my shares all the time does that count as “trading” or is that ok because I already own the shares outright? I just try and keep it simple. If it sounds like what you are doing is trading, you probably shouldn’t do it. The CRA, as annoying as they are, aren’t a bunch of dummies. They’ll let you get away with a trade or two every now and then, but a few too many and they’ll come with the hammer. I just want to know that if the CRA changed your account from TFSA to a trading account, what would your new TFSA contribution limit start at because usually the contribution limit you didn’t use keeps getting added to next years. If his new limit starts with this years amount only that would blowwwww

opiewann

And worse, probably in your TFSA...

uwvirgin

-100% loss in TFSA is truly special. OP should never gamble in their life.

LawyerInTheMaking

It matters what kind of options and how frequently you do it though, no? I mean I’ve done covered calls with my Palantir shares a bunch of times over the years in my TFSA, but never to the point where the CRA would think that I’ve been trading in it. I’ve never touched other options, too close to gambling for me.

Whole_Tea_4383

you cant deduct losses in a TFSA at anytime AND if you trade options in it, the CRA can actually close your rights to have a TFSA because its illegal to do that

LawyerInTheMaking

You can’t deduct your losses in a TFSA during tax season right? If you can’t, man that’s painful.

Whole_Tea_4383

please tell me its not in a TFSA, pleaseee

YouMissedNVDA

No pain here - I have +400K in just my TFSA. It's just pointing out how absolutely dogshit this place is for identifying correct ideas. And nice, historically validated gloating. Not many around here ever manage to get there. Back to my riches I go :)

SelenaJnb

Yep - just as I was putting in an order to contribute to my TFSA today. Argh. Oh well, that’s DCA for you

BACKWARDS_HIPPO

Been here since 2020. Following WSB plays is generally not a winning strategy. A good bet would be 90% of your savings in something diversified and safe (ie an investment). The other 10% put in a separate gambling account. You will probably blow up that gambling account more than once, its part of the tuition. If you have a massive success, you can withdraw a chunk from that gambling account, and add it to your investments. For me, most of my money goes into my safe retirement type account. Every month I autodeposit $100 into my TFSA for gambling purposes. That account is still -50% overall, and that's with two 100-baggers under my belt. You may think you can tame the market, but you will find in time that you must actually tame yourself first. Good luck 🤞

Tax1997

I think WealthSimple is fine. I use it for my RRSP, TFSA, non registered accounts. I was with RBC, TD and QuesTrade before. I have never used options, so I can’t comment on options pricing. Otherwise, 0 commission trading works for me. Since I have over $100,000, my US money stays in US dollars when I sell (which I do rarely). If your account value is small, by US stocks via Canadian ETF; then there will be no conversion issues

SalamanderStunning46

Depends on your age. If you’re 45 or less, I would invest the majority of the funds into an etf that is tied to the S&P 500. Stuff like SPY or VOO or VFV in Canada. Like 70% of that. 20% of that I would use as a down payment on a rental property and 10% I’d keep in a high interest savings or TFSA ( in Canada) for contingency or backup money in case of need.

shawndw

Laughs in TFSA

dat_awesome_username

97.99% of TFSA, this guy diversifies!

financeman1997

I want to bet on rate cuts in my TFSA (equivalent to Roth Ira) does anyone have any idea how I can do this.

BBpigeon

I’m feeling the same as you and I’ve pulled a lot of tech and keeping in a HISA for now. It’s basically back up to where I sold at but I feel more comfortable keeping cash and am ready to live with seeing it go higher in the short term. I just don’t see how these tariffs don’t end up affecting inflation, jobs & productivity but it will take some time for the numbers to reflect reality. I’m actively managing my TFSA/ savings investment and continue to passively DCA into my RRSP (retirement) account. In the long run I may lose out on some gains in my TFSA but at least I can sleep at night knowing if things really go to hell we can still pay our bills.

MilkyWayObserver

Did you buy those options in a non-registered or TFSA?

filbo132

I remember seeing my account red daily. But I wasn't panicking, because I was young, my job was relatively safe and at the time the TFSA wasn't created (it would be created a year later), so withdrawing from my RRSP with my employers using the match program would've been very costly for me if I just not only stopped it, but withdrawn from it. I just remember telling myself that I'm very fortunate not to need the money now, because it was a blood bath in the market. Doing nothing was probably a wise decision looking back and having invested throughout that period also gave me my best returns up to now. FYI, I'm Canadian if you didn't guess.

MarginCuck

At least this is in a non-registered and not a TFSA.

shugo7

Yew but of unfortunately I trade in my TFSA and I can't sell CSP or do poor man CCs. I can only buy calls,puts and sell CCs of shares I own. The benefits are no taxes though.

Sherrsh

My 19 yo daughter is opening a Wealthsimple account and planning to put in $250.00/month. What would you guys recommend as a good start for someone young. Long term investing… RRSP or TFSA. We are in Canada

Aintnevergunnastop

Why can't I sell CSPs in a TFSA!?? 

MFanatique

I see. Thanks for the information. I was planning on moving the SCHD to my RRSP so it doesn't get taxed at all, and the only thing I have to worry about was the conversion fee. If that is true I'll sell SCHD and get the Canadian equivalent, which doesn't get taxed inside my TFSA. However, reading up more about XEQT I realized that I should just sell everything and go all in on it. Is that a dumb idea? This information was something back in 2021 so I don't know how relevant it is today. Since it's an all-in-one ETF no matter which company is doing well I would have shares of it.

MFanatique

* **How old are you? What country do you live in?** 33. Canada. * **Are you employed/making income? How much?** Yes. If I multiply my hourly wage for a year then I make ~52k/year. If I factor in taxes and my unpaid vacations then it's more close to 40k/year. * **What are your objectives with this money? (Buy a house? Retirement savings?)** Maybe buy a house in 10+ years but my main goal is to retire with this money in 35+ years. * **What is your time horizon? Do you need this money next month? Next 20yrs?** 30+ years. * **What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know its 100% safe?)** I am willing to wait and hold my stocks during an economic downturn, even buy a few more when the market is down. A declining market just means a sale for stocks. * **What are you current holdings? (Do you already have exposure to specific funds and sectors? Any other assets?)** 30% SCHD, 30% XEQT, 30% VFV, 10% individual stocks (miscellaneous stocks like AMD, NVIDIA, Amazon, etc.). What I want is to have a mix of safe ETFs with growth ETFs. SCHD is in my TFSA account but I will switch it to my RRSP to avoid the withholding tax. * **Any big debts (include interest rate) or expenses?** Zero. My monthly expense is 1.5k/month. This includes everything from rent, utilities, entertainment and hobbies. * **And any other relevant financial information will be useful to give you a proper answer.** I have 30k CAD that I can invest right now. And I don't know if this matters but I am putting $200/mo on a mutual fund in my TFSA, I will lower this to $50/mo because it has a management fee and once I am more confident in my stocks I will stop it altogether. And a company matched 3% of my weekly pay to an RRSP. To start with, I have zero knowledge about investing and I don't really know what I'm doing with ETFs. I picked these ETFs after searching the internet for a couple of days on what ETFs to invest in. All I know is that SCHD is nice to have because it pays out dividends and I can reinvest those dividends back into it. XEQT is something I picked because a lot of people recommended it as a 'hands-off' ETF. I am all for that, I don't care for researching individual stocks because I don't have the motivation to learn and I might just lose money learning it. VFV is another ETF that was recommended because of how stable it is. I want to invest in both US and Canadian markets. While other Canadians are switching to an all Canadian portfolio I believe that the US market will bounce back in 5+ years. Since All three of my ETFs are 'safe' options I want another ETF that has high potential of growth. Right now I want to make a portfolio that has 30% invested in high dividends ETFs (SCHD), 30% as a 'safe' ETF (XEQT and VFV) and 30% for growth ETF (I don't know which ETFs to look for) and 10% in random stocks (which I might sell and go 100% on ETFs and don't bother with individual stocks). So my questions are: * What are some growth ETFs worth looking at? Preferably companies in both Canada and US. * Should I invest in other ETFs? For example, my SCHD is the only ETF in my portfolio with high dividend yield, should I invest in another ETF (probably Canadian) like VDY/XEI so it's 15% SCHD, VDY/XEI? * Should I sell XEQT or VFV and go all in on the other? Or Keep both? * Is investing in individual stocks a bad idea on a 'hands-off' approach regarding stocks? * I have no idea what overlapping ETFs mean and if it's a bad idea or basically a non-issue.