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iShares S&P/TSX Capped Information Technology Index ETF (XIT $64.20)
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INVESCO QQQ Trust (QQQ $609.65)
Q: My current plan is to add to my XIT holdings in my TFSA with this year's contribution.
By the way, XIT tracks very well when compared with QQQ...using multiple timeframes on your charting system. They overlay each other very closely....surprises me.
This is actually a "timing" question. Usually I just contribute the money and then buy according to a well laid out plan weeks in the making. However, with the big run up last year and the slide in stock prices lately, I can't help but ponder whether I should just sit on my hands for a bit?
My full plan was actually to buy the first $7k tranche sooner (early Jan), then create some cash from the other holdings in my TFSA and buy a 2nd tranche later...Feb?
Your thoughts?
Thanks for your help throughout the years....been with you from virtually the beginning....love the service!!! Steve
By the way, XIT tracks very well when compared with QQQ...using multiple timeframes on your charting system. They overlay each other very closely....surprises me.
This is actually a "timing" question. Usually I just contribute the money and then buy according to a well laid out plan weeks in the making. However, with the big run up last year and the slide in stock prices lately, I can't help but ponder whether I should just sit on my hands for a bit?
My full plan was actually to buy the first $7k tranche sooner (early Jan), then create some cash from the other holdings in my TFSA and buy a 2nd tranche later...Feb?
Your thoughts?
Thanks for your help throughout the years....been with you from virtually the beginning....love the service!!! Steve
5i Research Answer:
Typically the sooner one buys the better, as it maximizes time in the market but psychologically...
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in XIT, QQQ.