Going for growth in your portfolio. A few “growth kickers” to consider.

In my TFSA account I hold a few growth kickers. They are ETFs designed to deliver exceptional share appreciation. I’ve selected a few ‘undeniable trends’. The tailwinds are many and the long term prospects appear “obvious”. As expected these funds might deliver a wild ride in addition to the potential of some incredible returns. Hold on tight as we look at a few growth kickers for your portfolio.

As always, the following is not advice.

First off, please have a read of how to use your TFSA account. In that post you’ll see that we should most often fill our RRSP first, off to the TFSA and then on to the taxable account. Use one of the RRSP vs TFSA calculators to make sure you get that right. But the RRSP almost always wins. That post also suggests that you go for growth in your TFSA account. Take full advantage of that tax free growth. To date you might have $250,000 or more in your TFSA if you’ve embraced a growth strategy. If your TFSA space is used in full, use the taxable account for your emergency fund.

The hybrid TFSA

If you have not utilized all of your TFSA space you will then use your TFSA for growth AND your emergency fund. We can call that the hybrid TFSA. In our household, we are in that situation. Given that our TFSAs holds a combination of cash, a 60/40 balanced asset allocation ETF, some core Canadian holdings and the growth kickers. We have some solid energy and other inflation-friendly holdings in the mix. It’s an all-weather portfolio of sorts.

Growth kicker: CHPS-TO

First up is the the Global-X Artifical Intelligence Semi-conductor ETF, ticker CHPS-TO.

You’ve probably heard about alll of the world-changing AI stuff …

Growth Kicker: HURA-TO

Next up is the Global-X Uranium Index ETF, ticker HURA-TO.

It’s my opinion that nuclear power is one of the solutions that we will have to be embrace to meet the world’s growing energy needs.

The performance of these growth kickers

Both of these ETFs have delivered wonderful returns. I’ve used the global asset allocation ETF XEQT.TO as a growth benchmark. The hybrid TFSA approach was embraced in late 2022, I’lll show returns from January of 2023. You can research the full returns history in the above links for these ETFs.

Be sure to check out the Canadian asset alllocation ETF page.

That ETF page will be updated later this week given that we’re into July and another quarter is in the books.

As suggested, we see some wonderful returns with a couple of wild roller coaster rides.

Other growth kickers

You might consider the standard, being the Nasdaq 100 Index. You’ll find U.S. and Canadian Dollar versions available. There are many technology, robotics and AI focused ETFs available.

Check out this link on ETF database.

For Canadian Dollar ETFs we hit ETF Market where we can perform a search such as …

Harvesting those growth kicker gains

With a hybrid TFSA, there is some flexibility when emergency fund costs arise. We had so many costs arrive over the last 3 months. While our emergency fund needs are covered in cash (and partially by the HBAL.TO in the same bucket), we trimmed some of the gains in our growth kickers to meet the spending needs. We were able to leave the cash alone. That is a bonus that can be tapped while the markets and those growth kickers are offering a gift. Why not? Some of those gains could disappear in a heartbeat.

The TFSA accounts are still offer a nice mix of safety and growth. The key is to know your optimal or comfortable asset mix. Moving forward we’ll replenish those growth kickers.

Thanks for reading. We’ll see you in the comment section. Are you using any growth kickers? Or are you keeping your growth more traditional?

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You can also join us at Retirement Club for Canadians. It’s most everything you need to DIY your retirement. The Retirement Club offering …

Earn a break on fees by way of of this partnership link.

Here’s Canada’s top-performing Robo Advisor, Justwealth. You can get advice, planning and low-fee ETF portfolios all at one shop. Canadians can have it all. That’s a wonderful shop for retirees who want planning and low-fee portfolios. Of course, it’s a great option for those in the accumulation stage as well.

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Thanks for reading and watching. Have a great Sunday and week.

Dale