Inception of the CanETF Portfolio

Today, January 1, 2018, marks the beginning of the CanETF Portfolio, a real money, unconstrained, and totally transparent ETF portfolio.

The portfolio is starting with $5,000 CAD in a TFSA and $5,000 USD in an RRSP. Splitting the original funds into two accounts and two currencies will make totals a bit more complicated, but the advantage is to better reflect the choices Canadians have in investing their savings (account type) and the choices Canadian ETF investors have in buying and selling ETFs (both Canadian and U.S.). Tax efficiency can be improved by holding some ETFs strategically in one account or the other, and a much larger ETF market can be accessed south of the border.

No ETFs are currently held, and the starting allocation of all cash will be invested as compelling opportunities arise. A monthly update and a post for each trade will be shared, providing a timely and transparent look into the strategy.

Current Allocation and Balance – January 1, 2018

TFSA

Cash: $5,000.00 CAD

RRSP

Cash: $5,000.00 USD

Grand Total (CAD at 1.2582 per USD as of 12/29/2017)

$11,291.00 CAD

 

The CanETF Portfolio is not meant to be taken as investment advice. Please conduct due diligence on any ETF investment you are considering, including but not limited to a review of the prospectus, underlying benchmark methodology (if applicable), portfolio characteristics, holdings, performance since inception, role in your existing portfolio, and outlook for future performance.

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