RDSP + TFSA: how should I setup this portfolio?

[jagger]

Okay I'm in the process of setting up an RDSP and I already have TFSA, which is just a HISA. Now I'll have around 20k in my RDSP after the goverment grants this year, and there's another 20k in my TFSA. I'm new to investing, but I know it's not smart to leave this much in a savings account.

I've skimmed through TD e-series, but I'd like broader diversification. I also checked out the complete couch potato on the CCP site, but I'd rather just stick to a single currency and avoid the conversion fees. Can someone post a simple portfolio of ETFs that I can setup for these two accounts and then just keep contributing every year.

I'll probably be contributing 5k w/grants into the RDSP, plus another 5K in the TFSA every year.

[Spudd]

What do you mean when you say you want broader diversification than the TD e-series?

[maxandrelax]

What do you mean when you say you want broader diversification than the TD e-series?

I wish that eseries had a strict emerging mks fund for example. It gets lumped in with International fund.

[Cal]

And when you mention grants, are you still a student? Do you foresee needing any of the TFSA $ in the near future?

[MoneyGal]

OP means the RDSP grants: http://www.hrsdc.gc.ca/eng/disabilit...gs/index.shtml

[OhGreatGuru]

I wish that eseries had a strict emerging mks fund for example. It gets lumped in with International fund.

Your choice of the word "diversification" had us confused. It isn't "broader diversification" you are looking for, because e-series index funds are broadly diversified within their asset classes. Rather you are looking for a "broader choice" of non-diversified funds that would enable you to focus on sectors of your own choosing.

[jagger]

I'm looking for a portfolio that has stocks, bonds, and perhaps reits. Should I take more risk, when investing for the long term? Perhaps invest in value or small cap etfs? What if I were to split 40k 6 ways in the Vanguard Canada ETFs, would that be a decent portfolio?

I looked up a few sample portfolios online, but most are tailored towards American investors.

[Soils4Peace]

Yes it would but you might want to add ZRE and XRB for further diversification.