Looking to start investing some money every month and just want to know what I can put money into for 20-30 years thats the equivalent of investing in the s&p 500 for Canadians.
Is there a SPY like fund available in Canadian dollars? Just curious if I can avoid the currency exchange without a bunch of maneuvering.
EDIT: Thanks for all the tickers! Greatly appreciated.
I’m currently dollar cost averaging into $SPY after every pay cycle through WealthSimple. My concern is the conversion fee that WS charges when I purchase $SPY along with just general currency risk. Should I switch to a CAD equivalent or would I be inheriting the same risks anyways?
So today SPY is down around 0.46% as of 2:00 PM EST. VFV on the other hand, which also tracks the S&P500, is down 1.02%.
Can anyone explain this discrepancy? Is it because of currency fluctuations?
Also, ETF's like XAW are down over 1.5%, as it seems Europe and Asia markets are dragging it down more than the US portion of the ETF. Is there an argument to make for avoiding Europe / Emerging Markets entirely given they have been weaker markets and more likely to drag returns?
I understand global diversification is the best way to protect yourself from one country or sector shitting the bed, but it also seems like it increases risk if those other markets just don't perform well. If the US goes into recession, the rest of the world will also suffer, so it doesn't seem owning Europe or EM stocks are worthwhile given how interconnected everything is to the US.
Has there been a time in the last 50 years where the US is down but international markets are up for an extended period of time? More specifically, has there been a time in the last 50 years where it's been better to go long International markets as opposed to US markets?
Starting to wonder if XAW and XIC really are good for long term growth compared to SPY or other more focused ETF's.
More specifically, has there been a time in the last 50 years where it's been better to go long International markets as opposed to US markets?
Last decade. From 2000 to 2009 the US market was one of the worst performing markets in the world.
You're just displaying classic recency bias. The US market has outperformed other markets recently, so you've decided that it's always going to perform well. Thinking like this is one of the reasons that many DIY investors end up underperforming.
And you probably should stop paying so much attention to the markets. There is plenty of evidence that people who pay too much attention to their investments are more likely to tinker with their portfolio. Just like you're considering. The problem is that tinkering is usually a bad idea.
Yes, because of currency fluctuations. If you look at what CAD/USD is doing today, you'll see that the USD is becoming less valuable. So your VFV holdings, which are american, are also becoming less valuable.
What is an CDN equivalent to SPY and SPYI? Also, why NOY buy US ETF’s in CDN account? Why but in a USD account? Os it purely due to the fee’s for converting the dividends to CDN$? Per $1,000.00 what would those fees be?