what to put in tfsa, rsp, and margin accounts-questrade

[brit84]

Hello,
I would like some advice on what type of stocks/funds one generally places (or should according to you!) in a brokerage tfsa and what you put in rsp or margin accounts.

I have 4-5k im sitting on with 1k of that in questrade tfsa (15k in an rbc tfsa savings).

I am looking at canadian bank and energy etf's, and bank, telecom, oil stocks

Thanks for any help and suggestions.

[HaroldCrump]

How much RRSP room do you have?
Is the $15K in RBC TFSA your base contribution?
If so, you have another $4K you can put in your QT TFSA.

Use up all the TFSA room first, followed by RRSP.

Sounds like you are only considering Canadian stocks/ETF and no bonds, so there is no risk of being stuck with having to buy bonds outside registered accounts.

[onomatopoeia]

It really depends what the usage is for. If it is all long term-retirement, I'd agree with harold to max out the tfsa first. anything that isn't planned on for retirement shuld stay out of the RRSP.

only thing i'll mention is that if you are buying US dividend stocks, might want to put them in an RRSP account. Unless I'm mistaken (and it happens on an hourly basis i think) RRSP's and not TFSA's are exempt from the US withholding tax on dividends.

[brit84]

How much RRSP room do you have?
Is the $15K in RBC TFSA your base contribution?
If so, you have another $4K you can put in your QT TFSA.

Use up all the TFSA room first, followed by RRSP.

Sounds like you are only considering Canadian stocks/ETF and no bonds, so there is no risk of being stuck with having to buy bonds outside registered accounts.

15 is base with allround 16k in tfsa's, so yep 4k more to put somewhere.
I have no rrsp's with contribution room up to 30k IIRC.

Goal for this is growth (higher than average 1.2 interest anyway!) for use in the future (house, retirement....)

Thanks!

[HaroldCrump]

So yes, the 4k should go into the TFSA first.
The other 1k you can keep as cash or HISA.

As for your goals, if you see housing coming up in the next little while (less than 2 yrs. say), then best to keep everything in HISA even if it is paying 1.2% interest.
It could be dangerous investing housing down payment money into the markets (equities or bonds).

[brit84]

So yes, the 4k should go into the TFSA first.
The other 1k you can keep as cash or HISA.

As for your goals, if you see housing coming up in the next little while (less than 2 yrs. say), then best to keep everything in HISA even if it is paying 1.2% interest.
It could be dangerous investing housing down payment money into the markets (equities or bonds).

Thanks for the advice. I have been sitting on a good lump of savings. Altogether 16k in two tfsa's, about 8k in a regular HISA, and about 4k in silver.

[Cal]

First, don't quote everything from above, that will annoy some on this site.

Second...what is your current asset allocation, do you care to take your current asset sectors into consideration when investing the 'new' money. It is hard to make a recommendations when we don't know how your current holdings are spread out.