What's a self direct investor line account?
I cannot take my money out of GIC. I cannot reinvest in other things without going over my yearly limit.
Can I invest in VFC VUN AND VCN without using my TFSA? How do I do it?
Is it smart to invest in these things? Are they american? Isn't the canadian dollar weak right now?
How much should I invest in each one? 10k?
>taking financial advice from a libanese alpaca shaving mailing list
What is your GIC rate? I
Hopefully it's short term. It's not a bad idea to leave a % in cash, probably would have did some homework and went discount brokerage put 7.5k in just a savings account, and spread the rest of the assets in ETF's (especially a Canadian bank ETF, an oil ETF, a precious metal ETF, a bond ETF, technology ETF, etc, and a little Canadian marijuana stock). Just request to transfer the funds to a self directed account when the GIC's mature. Bank advisors generally do not suggest self directed unless you push it. They get more revenue from bank funds. I know I am one.
I'm thinking he meant the balanced fund includes bonds, either he explained it wrong or you understood it wrong.
Bonds aren't insured through CDIC. Making them far riskier than GIC's. They aren't 100% safe although they are safer than stocks.
You can transfer between assets WITHIN the TFSA. Don't cash them out. I wouldn't cash out the GIC right now, you'll be penalized. You could transfer the balanced fund to a self directed account after 7 days (I'd wait until its up)
The mutual fund is up, not the 7 days. Banks should go on a bit run if they can manipulate their mortgage and GIC rates effectively over the next few weeks. I'm going to go out on a ledge and suggest that balanced fund's top stock holdings are banks but you're paying a 2% management fee, whereas an ETF (there is a BMO Banks ETF that charges .55%)
>Bella Thorne
bought herself some tits
HRT can only get you so far.
I'm so in love with her.
I don't care about your thread, OP.
Do you think you're cool or edgy?