My TFSA Structure, Strategy and Thesis
I like to keep my TFSA simple. Core and satellite. Nothing fancy.
The core is Amazon at 35% and Google at 25%. That's 60% of the account in two companies I have the highest conviction in.
Amazon wins on four fronts: AWS, retail, advertising, and now AI efficiency across all of it.
Few companies in history have had this many levers to pull.
Google owns search, owns YouTube, and is quietly one of the strongest AI players in the world.
The market keeps underestimating both of them, and that works in my favor.
These are my compounders. I don't touch them. I don't trade around them. I let them work.
The satellites are Bloom Energy and Nebius at 15% each.
Both are AI infrastructure plays, both with real upside, and both are earlier in their stories than the core names.
Bloom is powering the data centers that AI runs on. Every megawatt of AI compute needs electricity, and Bloom sits right in the middle of that demand.
Nebius is building the GPU cloud underneath it all, and they're growing revenue at a pace you rarely see.
These are the positions where I accept more volatility in exchange for real upside. That's the job of a satellite position.
If one of them breaks out and grows beyond 15%, I'll trim it back and let the core absorb the profits.
Discipline matters more than conviction when the position gets big.
The last 10% sits in SPMO. That's where I park cash and trim profits.
It's a momentum ETF, so it keeps the money working instead of sitting idle, and when the market gives me an opportunity to redeploy, I have dry powder ready to go.
I'm not trying to be fully invested at all times. Having capital available when everyone else is panicking is a strategy in itself.
The way I think about it is simple. Core for compounding. Satellites for upside. Cash for opportunity.
The core does the heavy lifting over years. The satellites give me exposure to the highest growth stories in AI infrastructure. The cash lets me act when the market overreacts.
I don't rebalance on a schedule. I rebalance on opportunity. If a satellite doubles, I trim. If the market sells off something I want, I buy.
The structure stays the same, the weights move with the market, and I stay patient in between.
That's the whole thesis, and strategy that has allowed me to accumulate wealth over the past 20 years.
I’m interested to hear about the thesis behind the investments of others. Why do you invest in the companies you hold? How is your portfolio structured and what is your strategy?
