Managing extra funds in your Tax-Free Savings Account (TFSA) can be both exciting and strategic. When I recently found myself with an extra $660 to invest, I chose not to add new stocks or ETFs but rather to build on my existing portfolio. This method helps maintain a balanced investment strategy and reduces risks associated with unfamiliar assets. Dividing the $660 equally into seven parts of $94 each allowed me to incrementally boost my holdings across different stocks and ETFs. This approach helps in dollar-cost averaging, reducing the impact of market volatility and potentially increasing returns over time. By focusing on assets I’m already comfortable with, I stay aligned with my financial goals and personal investment style. For those new to investing, this strategy also offers simplicity and control. Instead of spending time researching new investments, you enhance your current portfolio’s value, which can lead to passive income growth and compounding benefits. It’s important to regularly review your holdings to ensure they still meet your risk tolerance and objectives. Using the TFSA advantage means all your gains are tax-free, accelerating wealth building. If you’re looking to try this strategy, start by listing your existing holdings, calculate how much extra you have to invest, and divide that amount evenly. Staying consistent with your investments, even in small amounts, can lead to meaningful financial growth over time. Overall, reinvesting an extra sum into your existing stocks and ETFs in your TFSA is a practical, beginner-friendly way to enhance your portfolio and work steadily towards your financial independence.