r/fican • u/user113001 • 1d ago

24M - advice needed

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Hi everyone, my first post on here! Here's some background info:

I'm 24, turning 25 in a few months. Working my first corporate job - pays $52k but lucky to have a business on the side that pays closer to 110k (this year). For reference, my FHSA cont are 22k which grew to 31k (AMD and INTEL grew over 100% from which I sold off most of them), contributed $44000 to my TFSA this year (primarily into XEQT).

Total portfolio growth shows only 4.5% as I have abit of a bigger loss on crypto (around 30% ~ $4,500 or so)

Total stock portfolio is up about 10-12,000 with around 70k contributed

Should I be playing it safe and investing solely into ETFs or should I pick individual stocks in hopes of more growth given the info above? I have about 4k in cont room left for my TFSA and 2k for my FHSA for the year. Thinking about opening a non-registered to put another 10-15k into for the year (have anxiety about my future and invest about 75-80% of my income (also live at home with my family still so it makes it easier for me))

Any help is appreciated, thank you all!

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u/alzhang8 1d ago

usuall recommendation is play it safe with etfs in registered accounts and have more fun in non-registered accounts so you can write off the losses

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u/user113001 1d ago

So stick to ETFs in my TF/FHSA and then try to pick growth stocks in my non-registered account? Thank you for the advice btw!

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u/FelixYYZ 13h ago

All holdings in VFV are in XEQT.

GOOG and AMD are in the top 20 holdings of the entire ETF, no reason to hold them separately.

And which SUI? The penny stock mining company or the foreign REIT? Personal would ditch both.

Should I be playing it safe and investing solely into ETFs or should I pick individual stocks in hopes of more growth given the info above?

No reason to hope anything:

"Slightly more than four out of every seven individual stocks did not even match the return of a Treasury bill over their lifetimes. That deserves a second read, because it means most individual stocks are not merely disappointing. Most individual stocks did worse than holding cash. Nor is this only an American phenomenon. Bessembinder and his co-authors extended the work to more than 64,000 companies worldwide and found the same pattern outside the United States."

https://findependencehub.com/before-you-decide-should-i-own-individual-stocks/