CBIL
GLOBAL X 0-3 MONTH T-BILL ETF
stock TSE

8 years is a good time to start moving from individual plays to total market, with the only reasoning being to reduce your overall risk profile down to a 6/10. You will not see explosive growth with an index fund like x/vgro, but given your existing individual holding, those companies do not offer that growth anyways per se. When the kids are 14/15, flip their portions of the $ to CBIL or something similar. This protects their coin while earning a small dividend like a savings account. Rinse and repeat for the other kid’s portion as they get closer to leaving the nest.
Can you or this account stomach a 30% drop? Again the above is to provide you with a safety net of diversity should anything go wrong as your kids get closer to post-secondary.
As for trimming and cutting, think of it as only as rebalancing. Take profits from the winners mentioned earlier to lock that $ in and to move those positions back to their targeted weights. T - cut your losses man, that 5k can net you a dividend and growth reinvested elsewhere.
For which safe fund you should target, go with one of the v/xgro’s at 60%, xic for 30% and place the remaining 10% on your high conviction divy satellites. That’s exactly what I did when I was in your position. On the plus side, xic gives you that Canadian safety net with obvious overlap, allowing you to simplify and hold the tickers that you already own but with a lower risk profile.
Cheers,

8 years is a good time to start moving from individual plays to total market, with the only reasoning being to reduce your overall risk profile down to a 6/10. You will not see explosive growth with an index fund like x/vgro, but given your existing individual holding, those companies do not offer that growth anyways per se. When the kids are 14/15, flip their portions of the $ to CBIL or something similar. This protects their coin while earning a small dividend like a savings account. Rinse and repeat for the other kid’s portion as they get closer to leaving the nest.
Can you or this account stomach a 30% drop? Again the above is to provide you with a safety net of diversity should anything go wrong as your kids get closer to post-secondary.
As for trimming and cutting, think of it as only as rebalancing. Take profits from the winners mentioned earlier to lock that $ in and to move those positions back to their targeted weights. T - cut your losses man, that 5k can net you a dividend and growth reinvested elsewhere.
For which safe fund you should target, go with one of the v/xgro’s at 60%, xic for 30% and place the remaining 10% on your high conviction divy satellites. That’s exactly what I did when I was in your position. On the plus side, xic gives you that Canadian safety net with obvious overlap, allowing you to simplify and hold the tickers that you already own but with a lower risk profile.
Cheers,