I’m a new investor and I have a couple questions about my portfolio. I think I picked some good ETFs, but I’m not sure if I chose the best combination. I currently own VFV, XIC, VDY, VIDY, and a small amount of QQC. From what I understand, most of the companies in QQC are already in VFV, and many of the stocks in VDY are also in XIC. Is it worth keeping QQC and VDY, or is that amount of overlap completely fine? Also, based on how my money is currently spread across these ETFs, would you make any changes? For example, would you put more into VFV and less into XIC, or does my allocation look reasonable for someone investing long term? I’m just looking for opinions and trying to learn, so any advice would be appreciated.
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21 Comments
lonewolf @underestimated · 13d
Nothing wrong with what your cooking, it could be seasoned to your taste. I’m a fan of simplicity and like $XEQT
Manuel Garcia Jr@mjgarcia · 13d
This is amazing, I'm still new but seeing stuff like this motivates me :)
Amrit Waraich@amritwaraich007 · 13d
Go for XEQT
J E J@kingdolla · 13d
Think of it this way - how many people do you want to pay for the same thing? Overlap is fine IF you want to lean more into what the other fund is focused on. What you have done was take XEQT, then built a collection of separate funds, using VFV, QQC, XIC, VDY and VIDY, that imitates XEQT. If you wanted more exposure to the US, keep VFV and QQC then drop the rest into XEQT. If you wanted more of Canada, keep either XIC or VDY, and drop the rest into XEQT. If the rest of the world outside of North America interests you, only keep VIDY. XEQT already does what all the other funds do collectively. Use other funds only as extra exposure, but lean only one way. At the very least, XEQT should be 60% and above your portfolio.
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