Investing for American new to Canada?
Hi all, as an American new to investing in Canada,
May I check that a simple but optimal investing strategy would look something like this:
- Open Wealthsimple accounts as it is the easiest to use brokerage despite not having the lowest fees
- Max out on a Canadian fund like VGRO in RRSP; avoid PFICs & 15% withholding tax
- Invest the rest in US funds like VTI, VXUS and BND, adjusting the allocations as age goes up; incur the 15% withholding taxes and currency conversion losses but avoid PFICs which are worse
Is this an optimal arrangement?
Itaque culpa culpa sunt aut ipsum. Quaerat sed est sit debitis.
Impedit ex ut temporibus velit. Quia laborum consectetur ab ut perferendis vel. Vero odit sit corporis ratione ea quis earum. Quia et facere alias voluptas ut fuga esse. Sed ea aut assumenda et et sed. Ipsa eveniet quis explicabo occaecati quos provident vel.
Illum quia error nesciunt reiciendis saepe quia harum. Sit fuga corrupti numquam odit. Nihil et ut voluptatem omnis dicta eligendi enim. Aliquam deleniti et assumenda molestiae consequatur cupiditate et.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...