What about asset location?
I am trying to learn about this.
First step select your allocation:
25% VAB Vanguard CND bond index
25% VCN Vanguard TSX index
50% VXC Vanguard FTSE Global index (recommended switch from VUN)
I see no problems with this.
OK now decide where you should put it.
Lets assume neither your RRSP or TFSA are maxed out.
I think I would put VAB into my RRSP and then the rest into my TFSA as I would expect them to make more gains.
If you have so much money that you also need to invest in taxable things become a bit different.
The Location for tax reasons becomes important.
Of course max out your TFSA and RRSP first then with any overflow:
I would keep VCN in the taxable because of the eligible Canadian dividend tax credit.
Also you may want to split up your VXC into 25% VTI and 25% VXUS in American dollars. Keep the VTI in your RRSP since there is no foreign withholding tax on US investments in your RRSP.
I am still learning all of this stuff but deciding where to put things is almost as important as your allocation.
Check out this link too:
[1]
http://www.moneysense.ca/invest/asset-ocation-everything-in-its-place/It says:
“First, asset location is not a concern if all your savings are in tax-sheltered accounts, especially if your portfolio is relatively small. If you have some contribution room left in your RRSP or TFSA it rarely makes sense to hold investments in non-registered (taxable) accounts. Asset location becomes important only when your tax-sheltered accounts are maxed out.”