I have the following accounts: RSP, RESP, TFSA, Trading
My wife: Trading, RSP, TFSA, SRSP
Here's my plan:
Since the market tends to tank after I buy something I plan on doing initial buys in the normal trading account then I'll buy for the registered accounts after inciting the crash. Also, in the trading accounts I figured out that I should never hold the same equities in both accounts. This way I can reap a capital loss in one and buy it again in the other account in case of an unreasonable market crash.
My main question is do you purchase the same equities through all the registered accounts or keep them all in one account. For example, should all my accounts have BCE, RY and ENB or shoud BCE in RSP, RY, TFSA, ENB RESP? The former has better coverage, the latter saves trading costs and is simpler to manage.
Other strategies welcome.
My wife: Trading, RSP, TFSA, SRSP
Here's my plan:
Since the market tends to tank after I buy something I plan on doing initial buys in the normal trading account then I'll buy for the registered accounts after inciting the crash. Also, in the trading accounts I figured out that I should never hold the same equities in both accounts. This way I can reap a capital loss in one and buy it again in the other account in case of an unreasonable market crash.
My main question is do you purchase the same equities through all the registered accounts or keep them all in one account. For example, should all my accounts have BCE, RY and ENB or shoud BCE in RSP, RY, TFSA, ENB RESP? The former has better coverage, the latter saves trading costs and is simpler to manage.
Other strategies welcome.