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iShares Core S&P/TSX Capped Composite Index ETF (XIC)
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iShares NASDAQ 100 Index ETF (CAD-Hedged) (XQQ)
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Vanguard S&P 500 Index ETF (VFV)
Q: Hi Team,
For an 18 years old's TFSA, is having equal weights of VFV and XQQ diversified enough? If not what other Canadian ETF or stocks would be a good fit?
No commission costs for trading so quantity is not an issue.
Thanks
For an 18 years old's TFSA, is having equal weights of VFV and XQQ diversified enough? If not what other Canadian ETF or stocks would be a good fit?
No commission costs for trading so quantity is not an issue.
Thanks
5i Research Answer:
There is some overlap between VFV and XQQ, with the large tech positions, primarily. We would be OK holding both. But we think adding XIC in Canada to get some resource exposure for inflation protection could make sense as well.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in VFV.