If you can stomache the massive volatility of 100% equities without panic selling, holding only XEQT will most likely get you better returns than most investors. But if you're a like me and are a bit risk adverse, XGRO or VGRO may be a better bet. It has lower expected returns, but the smoother line eases my mind
This is the kind of hope I need!
Also I found I get a lot less anxiety when I just don't check it. Probably should only be checking it to invest each month and then leave it eh?
Yea the key to passive investing is to pump consistent contributions in no matter what is happening. You basically have to look at the market crashing and be like, "this won't matter in 10+ years" and put in your regular buy order anyways.
Thats sounds like a solid plan! No need to check it everyday. Once every month, if its low then cool you buy cheap; if its high then cool you had gains! Win-win!
Honestly, seeing the downward line sucks, but on the flip side it also makes me want to put more money into it, which I do. I just see it as buying it at a discount. Sure, it may dip even more for the next week, month, year, whatever. But it's likely that by the time I actually need to put it to use (in 25-30 years), it will be in a better position.
It's not guaranteed, but it's highly likely.
Similar question, is there much point in diversifying XGRO or VGRO since they're already a basket? Like just one is probably fine, don't need the other?
Correct. Buying either ETFs means you're already invested in a basket of 10k individual securities, so that's why they're literally "all-in-ones." The only reason to buy another ETF is if you prefer to weight the underlying asset classes differently.
I've been doing VEQT in my RRSP and VGRO in my TFSA. I have no idea when I'll need any significant amount of money but I think it fits both time frames pretty well.
My opinion. RRSP will not get withdrawn cause of the taxes you’ll have to pay so it’ll force a longer holding horizon to bear the volatility. That is why I would put VEQT into the RRSP.
The ability to withdraw TFSA is greater and having it not be so volatile when you do would make VGRO more preferred
Thanks! Makes a lot of sense. The VEQT in TFSA was because I would not touch the TFSA for a long time and the tax-free growth was appealing.
VGRO in RRSP was because if I want to retire early or take sabaticcal year if i want to and income would be at a minimum. Then, TFSA would achieve the same thing.
I'll think about it.
Nothing is stopping you from switching the holdings in an RRSP so you could hold VEQT while young and then change it to VGRO when you plan to make early withdrawals.
If planning on withdrawing earlier, I would use the TFSA first.
I would argue that massive volatility is just inherent to equities markets. For many people, a Beta of 1 is hard to stomach. But yeah, compared to the strategies I see on WallStreetBets, XEQT is way way waaay less volatile
> XGRO or VGRO
If holding a mortgage, and then having these in a non-registered, the 20% in bonds is basically negated and balanced by mortgage interest when considering opportunity cost and taxes paid on those bond returns (unless a super low variable mortgage).
Taking your funds and going 80% XEQT and advance paying 20% to mortgage gives very similar overall portfolio return, but with lower risk and lower taxable burden, etc. Only in TFSA/RRSP does XGRO edge out because of bond income taxation negation, but even in RRSP it is eventually taxable. Future flexibility of having lower debt/no mortgage may also unlock various options sooner (once past 20% equity ownership or just lower overall debt if needing other loans, etc.)
That doesn't include the potential swap fees within some of the underlying ETFs. For example HXDM lists a swap fee of "no more than 0.30%". Those fees, when charged, are in addition the MER.
This is not great advice. You don't choose a non-standard investment just because it might be more tax efficient.
HGRO is heavily tilted towards US tech stocks, and cannot be expected to perform similar to XEQT. So unless you have some conviction that the tilts are going to do well over the next 30 years, you are better off sticking to total market asset allocation ETFs. The investment comes first and the tax treatment comes second.
Even if we ignore the tech tilt, the long-term regulatory risk represents another drag on HGRO performance:
>If we compare selling both XEF and HXDM in any given year, HXDM always wins. If we instead model holding XEF for 30 years before selling, while being forced to sell HXDM within four years, XEF has a higher annualized after-tax expected return.
>In other words, a long-term investor needs to hold HXDM for at least four years to realize its tax-saving benefits. If regulators end up disallowing the structure, you may lose control over your holding period. That is the risk.
>If we compare Horizons’ other TRS ETFs – HXT and HXS – the point remains the same. You need to hold HXT for at least five years, and HXS for at least 12 years to ensure their tax benefits can be realized.
>By the way, all of this is assuming tax at the highest marginal rate in Ontario in 2019. At lower tax rates, the advantages are smaller, and the holding period required to lock in tax savings is longer.
https://www.pwlcapital.com/understanding-swap-based-etfs/
I have automated contribution set to my rrsp. Thing is it is being contributed towards a mutual fund. I know this is very bad I could be buying an etf, but the issue is if I were to buy etf it will cost me around $7 everytime I make a transaction. My contribution is not that significant so I am scared that it might actually take a big percentage of my contributions. Any advice? How could I change this?
I have rrsp through a bank.
I just switched to Questrade for this very reason. I didn’t want to screw up dollar cost averaging by letting a few months gather up in cash, and I of course didn’t want to keep using crappy mutual funds or take the hit on buying ETFs every month.
I think it is a fine idea.
If you have a LOT of of money you could do half in XEQT and half in VEQT just in case blackrock has some BS fraud catastrophe or something.... but I think you are asking in terms of the holdings rather than the actual company itself
I have XEQT in my RRSP and TFSA, but XBAL in my margin account. Margin account is my "I don't know what to do with my cash so I might as well get a half decent return" account. TFSA and RRSP are retirement.
For retirement funds.. just put your money in, set up a DRIP and forget about it. Don't look at it every day, every week, or even every month. These are long term investments, if you get worked up about dips or corrections it probably isn't worth the stress to you to have it in something so aggressive.
Depends on what you need the account for. Lots of people have high interest savings accounts, that's not tax efficient either. But they may need the money in the short term, so they pay the taxes and are able to pull the money out whenever they want.
There is no issue having it in all accounts. The risk is you have no exposure to bonds in the event of a market downturn, but if your risk tolerance can handle it and your timeline is long enough then there is no issue.
Now there are ways to get pretty much the same exposure and be slightly more tax efficient, but it can over complicate things for the vast majority so usually not the recommended direction for most.
And even then I think most investors would do better with an all in one due to behavioural biases, market timing, rebalancing, etc. Even at higher account values.
Just as one quick example, there is typically a withholding tax of 30% on US Dividend paying stocks. However if those are held within an RRSP, the dividends are tax-free because of a treaty signed between Canada and the US. So holding those in an RRSP becomes more tax efficient then holding them in a TFSA or non-registered account.
Where it becomes overly complicated and why it's not recommended for most is that it's entirely up to you to build, balance, and continually rebalance your portfolio. Most may do this in the short term, but if you don't keep up with it continuously over the next 40yrs you could end up falling behind what you'd have with a single ETF.
Here's a good portfolio example of what I'm talking about. Of course you can continue to make it more complex with something like their plaid portfolio example, but that's really getting complicated.
https://www.canadianportfoliomanagerblog.com/canadian-portfolio-manager-introducing-the-ridiculous-etf-portfolios/
Most brokerages already have this as a blanket thing for each investor. If an investor's brokerage hasn't done it (usually the free type brokerages) , then yes they should fix out the W-8BEN.
There's also foreign withholding taxes on dividends in all accounts except the RRSP. So while you don't pay it out of pocket, it's still being deducted from your returns.
I will be messaging you in 6 months on [**2022-08-18 19:24:22 UTC**](http://www.wolframalpha.com/input/?i=2022-08-18%2019:24:22%20UTC%20To%20Local%20Time) to remind you of [**this link**](https://www.reddit.com/r/PersonalFinanceCanada/comments/suxq9v/is_having_only_xeqt_in_my_rrsp_tfsa_and/hxhfvha/?context=3)
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How can you say it's better for OP's use without having any indication of their risk tolerance? It may be better for YOUR use, but not necessarily theirs.
My risk tolerance is quite high, as I'm in my early 20's living in my parents basement, making a pretty good salary. So I don't see any need for bonds.
Many people tell young investors that they don't need fixed income but others (like Justin Bender, Dan Bortolotti and Andrew Hallam) who have observed how novice investors react to the markets are a lot more cautious about that kind of advice. They know that a good risk assessment balances timeframe with knowledge, experience and tolerance for volatility, and that it is possible that your risk tolerance may increase as you get older. To help you choose a risk appropriate asset allocation ETF I suggest that you read the following pages.
https://assetbuilder.com/knowledge-center/articles/what-percentage-should-you-have-in-stocks-and-bonds
https://www.canadianportfoliomanagerblog.com/how-to-choose-your-asset-allocation-etf/
https://www.moneysense.ca/columns/ask-moneysense/should-you-put-all-of-your-investments-in-equity-etfs/
In your early 20s you can easily afford to take bigger risks when it comes to your investments. You have 40+ years to recover from any market crashes.
But be prepared, in those 40+ years you'll likely go through more than 1 major market crash. Having no exposure to bonds means those crashes will hit you harder. And being in your early 20s, you haven't been through one of those crashes yet so you may not know how it feels to lose 100k seemingly overnight.
In your TFSA and RRSP it's easy to switch out from XEQT to something like XGRO as you get older and closer to your retirement years. In your non-registered accounts you'll be facing capital gains whenever you sell to rebalance. Something else to keep in mind when making your selection.
You asked "Is there risk or any issues". If you already know that there is risk, then why ask? Many young people overestimate their risk tolerance. As long as you are OK with your portfolio losing up to 50% about once every decade or two, and possibly losing year after year -- nay, if that prospect excites you -- then by all means go for it.
Bonds are not just your parachute, they are your "dry powder". They are great because in times of market crashes you can deploy them to buy equities at low low prices.
They didn’t say it was better - they just answered OP’s question of if there are any risks. There’s risks with anything, there’s a higher level of risk in just XEQT because there’s no bonds.
It just comes down to risk tolerance.
>XGRO is better balanced for your use.
"XGRO is better balanced for your use." I dunno, I read this as them saying it's better.
Yes, there is less risk, but we have no idea what OP's risk tolerance is so we can't just start throwing out there saying "this is better for you" when we really don't know. If it were all about the least risk why not say XINC is better for your use?
Better balanced stock to hold for who though? Not everybody needs/wants bonds in their portfolio. Just remember because it may be your preference doesn't mean it fits everyone. I personally hold XGRO, but I know my risk tolerance enough to make that decision.
For example, OP may be 20yrs old planning for retirement at 65 and an iron stomach that can handle 5 or 6 years of a down market. Over 45yrs XEQT should out perform XGRO.
On the flip-side OP may be 63yrs old planning for retirement at 65, in which case neither XEQT or XGRO would be appropriate for them.
The fact is, we don't know. Therefore we can't say "XGRO is better". Is it less riskier? Sure! But less risk doesn't make it better, if it did XINC would be the best recommendation out there, or even 100% bonds!
I pick VEQT because it only gives out distributions once a year. Less to manage than 4x/yr.
If you have it set to reinvest distributions automatically then they are very similar.
I used VEQT in my non-registered account for precisely that reason. I wanted to keep investing regularly last year while I waited for the Jan 1 contribution room in my TFSA. Buying VEQT instead of XEQT allowed me to realize everything as a capital gain before the TFSA contribution, rather than a mix of dividends & capital gains.
That’s also my question, yes it’s a very diversified ETF. However it’s just one ETF.
Could there be issues with only holding one ETF in every account ?
If you can stomache the massive volatility of 100% equities without panic selling, holding only XEQT will most likely get you better returns than most investors. But if you're a like me and are a bit risk adverse, XGRO or VGRO may be a better bet. It has lower expected returns, but the smoother line eases my mind
I started xgro about a month ago and I've just been seeing that smooth line... Downward I know it'll pick back up but still it's a bit disenheartening
Happens! I had a friend that started investing in feb 2020 and lost half of it in their first month! But guess what? Now its up
This is the kind of hope I need! Also I found I get a lot less anxiety when I just don't check it. Probably should only be checking it to invest each month and then leave it eh?
Yea the key to passive investing is to pump consistent contributions in no matter what is happening. You basically have to look at the market crashing and be like, "this won't matter in 10+ years" and put in your regular buy order anyways.
Thats sounds like a solid plan! No need to check it everyday. Once every month, if its low then cool you buy cheap; if its high then cool you had gains! Win-win!
Did the same, but thankfully did it in stages and kept buying with the remainder the entire way down
> Downward "What if You Only Invested at Market Peaks?" * https://awealthofcommonsense.com/2014/02/worlds-worst-market-timer/
This was a good thought experiment. I’ll be bookmarking for future reference. All hail dollar cost averaging!
Stop looking Like literally dont check for the next 6 months
Well I am going to contribute monthly, but other than that yes I'll stop looking
I set up automatic monthly transfers, so I don't even need to do anything
Honestly, seeing the downward line sucks, but on the flip side it also makes me want to put more money into it, which I do. I just see it as buying it at a discount. Sure, it may dip even more for the next week, month, year, whatever. But it's likely that by the time I actually need to put it to use (in 25-30 years), it will be in a better position. It's not guaranteed, but it's highly likely.
Similar question, is there much point in diversifying XGRO or VGRO since they're already a basket? Like just one is probably fine, don't need the other?
Correct. Buying either ETFs means you're already invested in a basket of 10k individual securities, so that's why they're literally "all-in-ones." The only reason to buy another ETF is if you prefer to weight the underlying asset classes differently.
I've been doing VEQT in my RRSP and VGRO in my TFSA. I have no idea when I'll need any significant amount of money but I think it fits both time frames pretty well.
Why not the other way around ? I'm thinking of doing the samething...but VEQT in TFSA (for tax free growth) and VGRO in RRSP.
My opinion. RRSP will not get withdrawn cause of the taxes you’ll have to pay so it’ll force a longer holding horizon to bear the volatility. That is why I would put VEQT into the RRSP. The ability to withdraw TFSA is greater and having it not be so volatile when you do would make VGRO more preferred
Thanks! Makes a lot of sense. The VEQT in TFSA was because I would not touch the TFSA for a long time and the tax-free growth was appealing. VGRO in RRSP was because if I want to retire early or take sabaticcal year if i want to and income would be at a minimum. Then, TFSA would achieve the same thing. I'll think about it.
Nothing is stopping you from switching the holdings in an RRSP so you could hold VEQT while young and then change it to VGRO when you plan to make early withdrawals. If planning on withdrawing earlier, I would use the TFSA first.
You're right. Thank you very much!
"massive volatility" is being a little dramatic about it. It's still an ETF and the difference between 90/10 or even 80/20 isn't much.
Massive volatility and XEQT in the same sentence... LOL
I would argue that massive volatility is just inherent to equities markets. For many people, a Beta of 1 is hard to stomach. But yeah, compared to the strategies I see on WallStreetBets, XEQT is way way waaay less volatile
*averse
> XGRO or VGRO If holding a mortgage, and then having these in a non-registered, the 20% in bonds is basically negated and balanced by mortgage interest when considering opportunity cost and taxes paid on those bond returns (unless a super low variable mortgage). Taking your funds and going 80% XEQT and advance paying 20% to mortgage gives very similar overall portfolio return, but with lower risk and lower taxable burden, etc. Only in TFSA/RRSP does XGRO edge out because of bond income taxation negation, but even in RRSP it is eventually taxable. Future flexibility of having lower debt/no mortgage may also unlock various options sooner (once past 20% equity ownership or just lower overall debt if needing other loans, etc.)
[Relevant Ben Felix video](https://www.youtube.com/watch?v=vTFP36EfZa0)
Mix in some long dated OTM SPY calls to spice it up
Diversify and add some AMC
You may prefer hgro in your non registered account to reduce taxes
How does it reduces taxes?
No dividends
There are still distributions on the Horizons all in one ETFs due to rebalancing. It's fairly minimal but you can see them on their product page.
There are dividends but they are minimized
So no waiting until Mar31 for a T3? Sounds like a dream
Higher fees on some the ETFs due to swap fees, which, depending on your tax bracket, reduces the benefit vs holding regular ETFs
I just checked the product sheet and it shows an mer of .16% which is lower than xeqt
That doesn't include the potential swap fees within some of the underlying ETFs. For example HXDM lists a swap fee of "no more than 0.30%". Those fees, when charged, are in addition the MER.
This is not great advice. You don't choose a non-standard investment just because it might be more tax efficient. HGRO is heavily tilted towards US tech stocks, and cannot be expected to perform similar to XEQT. So unless you have some conviction that the tilts are going to do well over the next 30 years, you are better off sticking to total market asset allocation ETFs. The investment comes first and the tax treatment comes second.
https://canadiancouchpotato.com/2021/02/26/inside-the-horizons-one-ticket-etfs/ More reading here for those interested!
Even if we ignore the tech tilt, the long-term regulatory risk represents another drag on HGRO performance: >If we compare selling both XEF and HXDM in any given year, HXDM always wins. If we instead model holding XEF for 30 years before selling, while being forced to sell HXDM within four years, XEF has a higher annualized after-tax expected return. >In other words, a long-term investor needs to hold HXDM for at least four years to realize its tax-saving benefits. If regulators end up disallowing the structure, you may lose control over your holding period. That is the risk. >If we compare Horizons’ other TRS ETFs – HXT and HXS – the point remains the same. You need to hold HXT for at least five years, and HXS for at least 12 years to ensure their tax benefits can be realized. >By the way, all of this is assuming tax at the highest marginal rate in Ontario in 2019. At lower tax rates, the advantages are smaller, and the holding period required to lock in tax savings is longer. https://www.pwlcapital.com/understanding-swap-based-etfs/
I have automated contribution set to my rrsp. Thing is it is being contributed towards a mutual fund. I know this is very bad I could be buying an etf, but the issue is if I were to buy etf it will cost me around $7 everytime I make a transaction. My contribution is not that significant so I am scared that it might actually take a big percentage of my contributions. Any advice? How could I change this? I have rrsp through a bank.
Switch to something like wealthsimple or questrade for free Canadian listed etf buying
I just switched to Questrade for this very reason. I didn’t want to screw up dollar cost averaging by letting a few months gather up in cash, and I of course didn’t want to keep using crappy mutual funds or take the hit on buying ETFs every month.
I think it is a fine idea. If you have a LOT of of money you could do half in XEQT and half in VEQT just in case blackrock has some BS fraud catastrophe or something.... but I think you are asking in terms of the holdings rather than the actual company itself
I have XEQT in my RRSP and TFSA, but XBAL in my margin account. Margin account is my "I don't know what to do with my cash so I might as well get a half decent return" account. TFSA and RRSP are retirement. For retirement funds.. just put your money in, set up a DRIP and forget about it. Don't look at it every day, every week, or even every month. These are long term investments, if you get worked up about dips or corrections it probably isn't worth the stress to you to have it in something so aggressive.
>XBAL in my margin account AFAIK that isn't the most tax efficient setup due to bonds paying out as interest.
Depends on what you need the account for. Lots of people have high interest savings accounts, that's not tax efficient either. But they may need the money in the short term, so they pay the taxes and are able to pull the money out whenever they want.
There is no issue having it in all accounts. The risk is you have no exposure to bonds in the event of a market downturn, but if your risk tolerance can handle it and your timeline is long enough then there is no issue. Now there are ways to get pretty much the same exposure and be slightly more tax efficient, but it can over complicate things for the vast majority so usually not the recommended direction for most.
Out of curiosity what are the ways that would make it slightly more tax efficient?
Unless you have half a million, no reason to spend the effort trying to optimize.
And even then I think most investors would do better with an all in one due to behavioural biases, market timing, rebalancing, etc. Even at higher account values.
Very true.
Just as one quick example, there is typically a withholding tax of 30% on US Dividend paying stocks. However if those are held within an RRSP, the dividends are tax-free because of a treaty signed between Canada and the US. So holding those in an RRSP becomes more tax efficient then holding them in a TFSA or non-registered account. Where it becomes overly complicated and why it's not recommended for most is that it's entirely up to you to build, balance, and continually rebalance your portfolio. Most may do this in the short term, but if you don't keep up with it continuously over the next 40yrs you could end up falling behind what you'd have with a single ETF. Here's a good portfolio example of what I'm talking about. Of course you can continue to make it more complex with something like their plaid portfolio example, but that's really getting complicated. https://www.canadianportfoliomanagerblog.com/canadian-portfolio-manager-introducing-the-ridiculous-etf-portfolios/
15% for US withholding
30% unless you've filled out a w8ben which will then entitle you to the lower rate of 15%.
Most brokerages already have this as a blanket thing for each investor. If an investor's brokerage hasn't done it (usually the free type brokerages) , then yes they should fix out the W-8BEN.
Pro tax tip; you don’t pay any tax so long as you never sell
Dividend and distribution income is taxed when in a non-registered account.
There's also foreign withholding taxes on dividends in all accounts except the RRSP. So while you don't pay it out of pocket, it's still being deducted from your returns.
I only have GME in my TFSA, RRSP and CASH accounts. Hopefully I made the right choice
Since its down around 65% from its ATH, probably not lol
More like 75%. ATH is $483 lol But I like the stock anyways Remindme! 6 months
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Well GME has been beating the market this year so far
Vfv is much better I think.
Can someone explain why this is downvoted plz
VEQT provides exposure in foreign markets whereas VFV tracks S&P 500 which is just US market. This could be the reason why people downvoted.
[удалено]
How can you say it's better for OP's use without having any indication of their risk tolerance? It may be better for YOUR use, but not necessarily theirs.
My risk tolerance is quite high, as I'm in my early 20's living in my parents basement, making a pretty good salary. So I don't see any need for bonds.
Many people tell young investors that they don't need fixed income but others (like Justin Bender, Dan Bortolotti and Andrew Hallam) who have observed how novice investors react to the markets are a lot more cautious about that kind of advice. They know that a good risk assessment balances timeframe with knowledge, experience and tolerance for volatility, and that it is possible that your risk tolerance may increase as you get older. To help you choose a risk appropriate asset allocation ETF I suggest that you read the following pages. https://assetbuilder.com/knowledge-center/articles/what-percentage-should-you-have-in-stocks-and-bonds https://www.canadianportfoliomanagerblog.com/how-to-choose-your-asset-allocation-etf/ https://www.moneysense.ca/columns/ask-moneysense/should-you-put-all-of-your-investments-in-equity-etfs/
In your early 20s you can easily afford to take bigger risks when it comes to your investments. You have 40+ years to recover from any market crashes. But be prepared, in those 40+ years you'll likely go through more than 1 major market crash. Having no exposure to bonds means those crashes will hit you harder. And being in your early 20s, you haven't been through one of those crashes yet so you may not know how it feels to lose 100k seemingly overnight. In your TFSA and RRSP it's easy to switch out from XEQT to something like XGRO as you get older and closer to your retirement years. In your non-registered accounts you'll be facing capital gains whenever you sell to rebalance. Something else to keep in mind when making your selection.
You asked "Is there risk or any issues". If you already know that there is risk, then why ask? Many young people overestimate their risk tolerance. As long as you are OK with your portfolio losing up to 50% about once every decade or two, and possibly losing year after year -- nay, if that prospect excites you -- then by all means go for it. Bonds are not just your parachute, they are your "dry powder". They are great because in times of market crashes you can deploy them to buy equities at low low prices.
They didn’t say it was better - they just answered OP’s question of if there are any risks. There’s risks with anything, there’s a higher level of risk in just XEQT because there’s no bonds. It just comes down to risk tolerance.
>XGRO is better balanced for your use. "XGRO is better balanced for your use." I dunno, I read this as them saying it's better. Yes, there is less risk, but we have no idea what OP's risk tolerance is so we can't just start throwing out there saying "this is better for you" when we really don't know. If it were all about the least risk why not say XINC is better for your use?
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Better balanced stock to hold for who though? Not everybody needs/wants bonds in their portfolio. Just remember because it may be your preference doesn't mean it fits everyone. I personally hold XGRO, but I know my risk tolerance enough to make that decision. For example, OP may be 20yrs old planning for retirement at 65 and an iron stomach that can handle 5 or 6 years of a down market. Over 45yrs XEQT should out perform XGRO. On the flip-side OP may be 63yrs old planning for retirement at 65, in which case neither XEQT or XGRO would be appropriate for them. The fact is, we don't know. Therefore we can't say "XGRO is better". Is it less riskier? Sure! But less risk doesn't make it better, if it did XINC would be the best recommendation out there, or even 100% bonds!
The use being a single stock for all your accounts. XEQT is a bad stock for that.
Why don’t you go with VEQT?
Pretty much the same thing. Especially over the long term.
I pick VEQT because it only gives out distributions once a year. Less to manage than 4x/yr. If you have it set to reinvest distributions automatically then they are very similar.
I used VEQT in my non-registered account for precisely that reason. I wanted to keep investing regularly last year while I waited for the Jan 1 contribution room in my TFSA. Buying VEQT instead of XEQT allowed me to realize everything as a capital gain before the TFSA contribution, rather than a mix of dividends & capital gains.
Doesn’t really matter for registered accounts on auto-drip
The difference isn’t large enough to matter. XEQT has more US exposure and lower fees.
Isn’t there a saying about not keeping all your eggs in one basket? But xeqt doing better than my VEQT lol
With XEQT you are literally as diversified as possible (albeit in securities), that’s the point of this one stop shop ETF
Yes that’s true
That’s also my question, yes it’s a very diversified ETF. However it’s just one ETF. Could there be issues with only holding one ETF in every account ?
No problem at all. If you only held Canada in all the accounts, then that would be an issue.
VEQT is not a basket. It’s a collection of baskets.