
r/TFSA_Millionaires

New to Canadian investing: How do you decide what to do?
Hi all,
New to Canadian investing, having primarily invested mostly in the US for the past 8y where I haven't really had to think about the below questions. Seeking input on the general consensus regarding stock/ETF purchases. Apologies in advance if these are noob questions (which I most definitely am) but trying to find this information out on my own hasn't resulted in any increased confidence yet.
How do you decide when to buy something on your TFSA vs regular trading account? There are a few ETFs and individual stocks I would like to invest in but I'm not sure which account is best suited for it. For example, how do you decide if VFV is better suited to your TFSA or regular trading account? (I am aware that TFSA contributions are capped for each year)
What is the general strategy regarding FHSA? Given that investing in stocks/ETFs could mean I could be at a loss when the time comes to make use of this account, what incentive is there to contributing to this as opposed to letting it sit in a regular HYSA? Are there specific stocks/ETF that people target for this account? (I am aware that FHSA contributions are capped for each year)
How do you decide when to buy a US stock (in USD) vs it's corresponding CAD-hedged version? Given that converting CAD -> USD -> CAD would lead to some gains being lost in currency conversion, and the CAD-hedged version being susceptible to changes in CAD/USD strength, what is generally considered the better approach?