Q: Hi gang, 66 year old dividend investor here. I own both FIE @ 6.57% of my portfolio and XEI @ 5.1%. The big difference I see is that FIE holds 18.99% Canadian preferred and 9.1% Cdn Corp bonds. FIE also has a much higher MER at .74% vice .22% for XEI. Both hold all the big banks. Both have dividends roughly the same and pay monthly. I'm up considerably with both.
I'm wondering if I should sell XEI and dump into FIE. Would it be worth it to save the .22% MER on XEI and not pay the MER on both. Or should I just carry on with both. Thanks for your thoughts, Bill.

Q: I have an incorporated business investment account. There will be no new money coming in and I will not need the money for five to ten years. Currently, I have roughly 5% in each of CSU, SVI, WSP, MELI, and TSLA, and 10% in ZSP. The remainder is split between EIT and FIE, whose distributions are primarily capital gains and eligible dividends. Would you have some suggestions on how to tweak the portfolio? Thanks.

Q: Half of my RIF focuses on steady, monthly income and the other half on individual stocks. To balance safety with higher income, I am looking to have equal weight in FIE and HMAX. As I rely on this monthly income, what do you think of this approach for long term holding? Can you suggest better alternatives?