First, if you haven't seen it before - I would really encourage you to check out the Canadian Couch Potato Blog. It's written by Dan, and Dan's got a lot of credibility on the topic of investing in Canada.
no, this is not a sponsored post, I'm just excited about it.
I totally see now, why those that commented on my last post about the topic thought my investments didn't have enough equity built into the mix. Someone on reddit suggested I
- Determine your preferred asset allocation (ie, above graph)
- In a spreadsheet, pool all of the values of your various accounts and parcel the total out into buckets representing the percentages from #1 to the various asset classes.
- Distribute the individual asset class values across the accounts based on tax efficiency. You match asset classes and accounts. A spreadsheet is really helpful for this.
So, I did just that...and here's what my current state of affairs looks like including all investments.
Then, I played.
I played and looked at my investments until I came up with the following 'future' state...which is what I'm thinking of doing. Basically, it involves:
- Changing my TSFA DISA to the Tangerine Balanced Income Fund
- Adding the balance of my RRSP DISA to my RRSP Tangerine/Streetwise Equity Growth
- Adjusting the asset mix of my pension (tossing Trimark has it had high MER without higher growth)
I wanted to put this back out to you before I actually made the changes. What do you think? Am i missing something? Do you think the advise to go with the Canadian Couch Potato Asset Allocation (40-20-20-20) is a good one, or do I still have too much in bonds?