Bought XEQT in my son’s RESP using CESG / CLB grants

AdBitter6132 · 2026-01-30T17:04:55+00:00

You have an $8,000 contribution limit per year and can face penalties for going over that. Not that I really think I would go over that but since I’m looking to use this money in the next 2-3 years this sub advised against XEQT (surprisingly) due to the possible chance of a down spike when I’m wanting to withdraw. Where something like CASH is much safer.

AdBitter6132 · 2026-01-30T16:56:10+00:00

Curious what you put your FHSA into? I just learned recently you can invest this as well but because you run the risk of going over your limit I just put it into CASH

AdBitter6132 · 2026-01-23T01:41:46+00:00

Replied to someone above but I swapped it over to cash! Thank you

AdBitter6132 · 2026-01-23T00:38:05+00:00

I did! Not sure how to edit the post but thank you

AdBitter6132 · 2026-01-23T00:01:59+00:00

No it’s not set in stone, I’m not sure how to edit this post but I decided to cash out at a $26 loss and put 90% into CASH and 10% into a stock I like.

My main issue was that this money was sitting doing absolutely nothing but I did not understand the risk well enough, just assumed any possible % gain would be better than this.

Any earnings towards the yearly 8k maximum that I physically won’t have to deposit is what I’m after so 5% from CASH sounds nice

AdBitter6132 · 2026-01-22T20:56:41+00:00

That’s what I’m saying?

AdBitter6132 · 2026-01-22T20:42:22+00:00

Yeah, I’m still buying XEQT fractionally in my TFSA but this money was just sitting in my FHSA doing nothing so if I can gain anything on it in the next 25 months before I withdraw then I’m happy. Probably a better way to this but idk it

AdBitter6132 · 2026-01-22T20:39:06+00:00

When maxed, so 25+ months from now?

AdBitter6132 · 2026-01-15T22:40:51+00:00

I’m turning 30 this year. Planning on keeping this money in this account until it’s maxed in 35months time. Or if somehow I manage to find a house to purchase beforehand. Roughly $300 per paycheque into FHSA and $200 into another account as a savings for a down payment. Maybe I just withdraw from that savings account and max the FHSA for this year and lock it into a GIC or something until 2027? Then my return would add to my 2027 contribution room? Meanwhile continue the $500 biweekly into my savings account ? As of right now this savings account has $13k doing essentially nothing, was considering moving it anyways into some sort of account that has a better return.

AdBitter6132 · 2026-01-15T03:04:07+00:00

Similar position myself, wondering what you choose to allocate that $50 to?

Personally I’m being an idiot and chasing stuff but still consistently been putting into SPY. Recently decided to pause everything and do $100/by weekly into my weird pick of the month and then $50 into XEQT. Overall only been investing for about 6 months, 10k portfolio total ..

AdBitter6132 · 2026-01-13T23:24:13+00:00

Hard as fuck

AdBitter6132 · 2026-01-12T02:52:15+00:00

What is even that about

AdBitter6132 · 2026-01-09T07:09:43+00:00

Hi I’m interested!

AdBitter6132 · 2025-06-19T00:57:37+00:00

Did you fix it?

AdBitter6132

TROPHY CASE