Holding the same stock in three places

0
0

Hi Guys,
We have ctc-a in both tfsa’s and in one rrsp the stock is doing fine but we are thinking of selling what is in our rrsp and buying something else or is it ok to keep the same stock in three places.
Thanks
Steven

Marked as spam
Asked on April 2, 2021 4:47 pm
2 views
0
Private answer

Hi Steven,

Absolutely no issues with holding the same stock in three places. What is important is that your exposure to CTC.A is considered in the context of the entire portfolio (all accounts). So if you are over exposed to CTC because all three positions add up to more than you are comfrotable holding, then yes - makes sense to rotate into something else.

If however, you are comfortable with the total amount held, then there is no need to sell simply because you have it in three different accounts.

Hope that helps,

Mat

Marked as spam
Posted by Mathieu Litalien
Answered on April 3, 2021 9:35 am