Hello all! Long time lurker first time poster.
As I stated above, I'm 23 y.o, Canadian, and hoping some more experienced investors can check out my current plan and offer opinions/advice. Up until September I had been doing extensive stock picking and thought I was doing quite well. Then I compared myself to the YTD returns of the TSX and found... I was within .1% of the index. That was a wake-up call to me to stop wasting my time and change strategies. Anyhow.
Current allocation goal*:
XST - 10%
VCN - 25%
VRE - 10%
VUN - 25%
VIU - 25%
Speculative stock picking - 5% (when I get to a 100k portfolio anyway, I do find it fun/rewarding)
Essentially the Canadian Couch Potato guide with consumer staples and reits mixed in. I'll admit, I have them in as more of a gut check against the massive weighting of the Canadian economy in finance and resources rather than for any mathematical/scientific reason. Of course, the sector specifics have a higher MER but I'll live with the tradeoff.
All my buys are for a 25+ year timespan.
Thoughts?
*I say goal as I am still waiting to sell two last stocks.