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I've decided to liquidate all my stocks in my TFSA and invest everything into the S&P 500. Prior to this, I've been buying blue chip dividend stocks and 'dripping' all my dividends/distributions. It really does not make sense for me considering my time horizon for retirement is at least 25 years and I don't need fixed income at his point. I'm also not confident in our economy since we seemingly do not build poo poo or innovate in this country anymore. My portfolio consisted of Canadian oligopolies with little growth potential: big banks, big telco, REITS (yuck), utilities. I was also bag holding a bunch of garbage such as AQN.TO. Time to ride the US market since I'm lazy and I'm not Warren Buffet.
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Mar 13, 2024 13:12
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| # ¿ May 20, 2024 23:28 |
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VelociBacon posted:Investing in fixed income as part of your overall portfolio isn't entirely the same as using your investments for a fixed income (such as after you retire) it's more about diversification of the portfolio in the setting of fluctuations in inflation, interest rates, etc. It's worth talking to a financial planner to figure out where the best allocation lies for you. I'm not retiring for a long time, will have a good pension, and I still have some bond exposure, for example. You have a good point. I guess my concern isn't necessarily about fixed income investments because I'm far off from retirement, or dividend stocks in particular, it's my pessimistic outlook on the Canadian economy in general. I agree that they're a valid component of a well diversified portfolio. I just want out of the Canadian economy at this point.
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Mar 14, 2024 15:41
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