Newly minted Canadian investor here. Been slightly burned in the past so i've been taking it slow getting back into the game again
I've been following the Canadian couch potato guidelines for investors with small amounts which uses the tangerine investment funds
http://canadiancouchpotato.com/recommended-funds/I started off with the INI220 which is 40bonds, 20cad stocks, 20 us stocks, 20 international stocks
I am feeling more comfortable with the ideas. Yes the Management expenses are 1.07% but i have no other fees involved in doing this. I would face trading fees to be able to do vanguard in canada, and in the small amounts a month i am investing it is not worth it yet. (we're talking $200-300 a month here. peanuts to some here, but solid amounts for me)
I am thinking about moving towards the INI230 which is 25bonds, 25cad stocks, 25us stocks, 25international stocks or the INI240 which is 0bonds, 50cad stocks, 25us stocks, 25international stocks
I am 31 yrs old, with about 20 years left until pension retirement date (i don't plan on working full time till the end after finding this site) I have a whopping $2k invested so far total in the INI220. I know its not earth shattering, but its a start.
Because the different funds are so similar with their bases, would me splitting some new income to the INI230 or INI240 sound useless? or should i move all of my deposits to the higher stock funds? I would like to move towards more growth, and the future of bonds seems like it has a meager at best for a few years. I am working on filling my TFSA, and making small contributions to my RRSP. I would rather focus on my TFSA and have a lot of room. My RRSP will be harder to use in future years due to tax implications. Thanks for reading.