Building the 50 year TFSA For me, the TFSA is the most coveted account. The contribution room is SACRED. I was obsessed with maxing it out as fast as possible to let compounding do its magic. Optimizing it has been my most recent priority. My goal with the TFSA is to be a buy and hold for 30+ years. Something I hopefully won’t touch until later in retirement. Make one ~$7000 contribution + buys per year, probably all into $VEQT . Then not look at the account again until the next year. With optimal long term total returns. The kind of thing a lot of people find a solution within a simple all in one fund like $XEQT. I love low cost passive indexing and am a true believer. But for me, it’s not quite enough. I personally believe: -In a Tech tilted future -In Bitcoin -25-30% home bias is kind of BS E.g. Do I believe in 30 years the Nasdaq 100 will outperform an all-in-one fund? Yes. Will it be a choppy ride? Also Yes. 8 months ago I said goodbye to individual stocks in my TFSA: https://www.blossomsocial.com/posts/Its-finally-done-TFSA-is-percent-ETFs__POST-1767812921730-ww8KVMzA_nAUaQLqSRtwRiLHr Today I took another big step forward with this in my TFSA refactor. I said goodbye to 4 holdings: $XIC $VFV $XEF $XEC And hello to: $VEQT I also trimmed over 1/3rd of $SOXX. Lastly I trimmed some $QQQM for some $VOO. This may seem like small moves, but it took a lot of thinking for me to pull the triggers. As usual, I’ve spent way too many hours thinking about my portfolio construction. I liked the lower fees and having the granular control over a decomposed all-in-one equity ETF. Where I subbed US all market cap for SP500 (VFV), and had modified allocations to Canada (XIC), and International (XEF, XEC). Ironically, I chose $VEQT as my all in one fund because it is heavier on the Canadian side (~30%). Overall the TFSA breaks down as: 69% Equities ($VEQT, $QQQM, $VOO, $SOXX) 28% Bitcoin ($IBIT , $FBTC) 3% Gold ($ZGLD) There is only really one more move left to make: completely get rid of $SOXX. I love the thematic tilt, but it simply does not pass the 30 year buy and hold test. I am still working on the plan to reallocate this semiconductor exposure partially into my other accounts. Cheers 🍻
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34 Comments
Will W@williamwang23 · 2d
Nice tfsa balance! Not many in the 200k+ range. I really need to look over my own and probably sell some small etfs thats just there to overlap, mistakes I did early on in my investing journey. Great post
Mr Financial@mr.financial · 2d
The simplification you did is so SEXY. Your 70/30 portfolio is not what one would expect. However, for you, it's what I'd expect. 🥂
Nicolle @moneymeetslegacy · 2d
I really hate looking at how poorly my 4% in $IBIT and $FBTC are doing in my portfolio, so your 28% makes me feel much better about my small slice 🤣. But seriously, I like the thought behind your revamp! Keep us updated on how it performs 💎
Freedom Fifty@niwradbogan · 2d
So you think 25-30% in Canada is not enough to be home bias?
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