What kinds of stocks would one hold in a TFSA and RRSP account?

Asked 4 years ago

Curious, if you have both a tfsa and rrsp DIY account, what kinds of stocks would one hold in them... as in dividend ones or ones that could skyrocket. I understand that the tfsa account is the best account around but if you want to also invest in rrsp for retirement and for tax season which stocks would you want to put in the rrsp

Tax-free savings account (tfsa)Registered retirement savings plan (rrsp)Opinions on stocks Tax on profit

Andrew Moran

Tuesday, June 15, 2021

They are both great accounts to have for savings and investments. But I would utilize them for two different investing strategies to capitalize on my gains and the tax savings.
For TFSAs, I would buy short- to medium-term stocks that I think would pop soon. You can also use a TFSA for some bets on stocks you think will have a huge run-up in a short period (think: AMC and GameStop).
For RRSPs, I would allocate my long-term positions to this account, stocks and exchange-traded funds (ETFs) that I'm holding until my retirement because of the dividends and vast potential (think: Walmart, SPY, and Suncor).