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Thread: 2017 TFSA

  1. #41
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    My Own Advisor, are you buying any residential REITS?

    Last edited by VLT; 2017-01-10 at 10:12 PM.

  2. #42
    Senior Member Video_Frank's Avatar
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    $5.5k XEF, $5.5k XBB as per my investment statement.

  3. #43
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    Quote Originally Posted by VLT View Post
    My Own Advisor, are you buying any residential REITS?
    FWIW, a REIT is right for me since I am in retirement, and my TFSA will likely be a legacy. What one has in their TFSA, or portfolio overall, depends on where they are at along the investing journey.

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  5. #44
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    Was thinking about Riocan. 5.25% yield but chance of drop in unit price as interest rates go up. Looking at Conv Debentures instead. Similar yield, some upside potential, little or no downside if held to maturity.

  6. #45
    Senior Member My Own Advisor's Avatar
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    Quote Originally Posted by VLT View Post
    My Own Advisor, are you buying any residential REITS?
    Yes, over this year, I will in registered accounts. I feel housing is always needed (a foundation in Maslow's hierarchy) and given how much a house costs for many folks (especially in Toronto, Vancouver and even Ottawa), renting is likely the only way to go.

    We're not leaving a legacy but we do intend to live off our dividends to a degree within 7-10 years, so, the more assets we have churning out income - the better.
    Hidden Content - Saving and investing my way to a million dollar portfolio.

  7. #46
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    Transfer the full amount to the brokerage today...will buy ZAG and ZRE equally before the next ex-dividend date.

  8. #47
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    I was thinking about adding US$ in-kind, but went with $CAN because I can just do it online instead of waiting to talk to someone.

    I also rebalanced my TFSA and traded my TDB216 (a TD index fund) for a mix of VDY and ZDV. I am still not certain if going with the dividend theme is the right thing to do.
    I traded in all my TDB162 (bond fund) for XQB.

  9. #48
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    Thoughts about holding some of the ZDV directly gardner?

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  10. #49
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    Quote Originally Posted by My Own Advisor View Post
    Thoughts about holding some of the ZDV directly gardner?
    My non-registered holdings are mostly direct. I am tending to stick with ETFs in my registered accounts. I am uncertain why, exactly these days, but it started with my registered accounts being more important, conservative, and couch-potatoish, vs. unregistered being risk-taking "mad-money". Nowadays my non-registered holdings are almost all dividend stocks and form the greater part of my savings.

    TFSA is a tax advantaged place to hold the bond part of my overall portfolio. This means that the equity part is comparatively small, and with a smaller aggregate amount, the ETFs give a lot more diversity than direct holdings of a reasonable number of issues could.

  11. #50
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    Seems smart, re: non-reg. have direct holdings; TFSA bonds and ETFs. I was just curious.

    Over time I'm weighting my TFSA towards CDN REITs (for distributions) and CDN blue-chip stocks (for dividends). I will always keep ETFs but I'm leaning on owning those ETFs only inside the RRSP for U.S. and International exposure. We'll see.

    One thing for sure, the TFSA is still an awesome wealth building tool. Whatta gift...

    Hidden Content - Saving and investing my way to a million dollar portfolio.

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