Tfsa what can you invest in

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Visit About Us to find out more. Skip header Skip to main content. Experts recommend keeping stock purchases below 10 per cent of the overall portfolio so a loss will have a limited impact and a gain will help lift it. You can take a bigger proportional position in mutual funds or ETFs since they have several holdings. Speaking with a qualified investment advisor might help you decide. What about fees? Fees are always important because whatever you pay is that much less than what can be invested and compounded over time.

As a general rule, stock purchases generate a one-time fee, and ETFs charge an additional annual fee based on the percentage of the amount invested. Mutual funds impose annual fees as high as four per cent, which can really eat into your returns. Can I keep it in cash? The financial institution you deal with will pay a token amount of interest on cash balances, or you can make a pittance in a money market fund, but the tax savings are so small that your money will only be taking up potentially useful space in your TFSA.

Payback Time is a weekly column by personal finance columnist Dale Jackson about how to prepare your finances for retirement. Have a question you want answered? Email dalejackson. Brookfield Asset Management Inc. Accounts that fit your goals We offer several TFSA investment options, suited to your needs, based on your investment goals and risk appetite. See which account may be right for you. Benefit from professionally managed mutual fund investments Flexible savings options through a Pre-Authorized Purchase Plan Great for: Investors comfortable with some risk.

Open account. Flexibility to hold a range of investment products in one account Great for: Investors looking to manage their investment strategy and portfolio. Apply online. We can help you plan for the future Personalized investment advice We help you understand your options while working with you to build the right plan for your financial goals.

Convenience The advice you want, on your terms. Call us Monday to Friday from 8 am — 8 pm to speak to an investment specialist in English, French, Mandarin or Cantonese. Calculate now. Articles and tips to help you get started. TFSA vs. How to maximize your savings Manage and maximize your savings with these simple saving tips.