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iShares Russell 2000 Growth ETF (IWO)
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BMO Nasdaq 100 Equity Hedged To CAD Index ETF (ZQQ)
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Vanguard U.S. Dividend Appreciation Index ETF (VGG)
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Vanguard Growth ETF Portfolio (VGRO)
Q: In my grandchildren RESP I currently own IWO and VRO. I would like to add a third ETF, which would be better VGG or ZQQ? Money not needed for 12 years. At what $ amount would you start to invest in individual stocks?
Thanks
The decision on individual stocks involves risk tolerance as well as a cash amount. For diversification, we would like to see at least seven positions, so assuming current trading costs we think $20,000 is a good level to consider. Th VGG/ZQQ is essentially a growth (tech) vs 'index' decision. Considering the growth focused ETFs noted already, VGG probably makes the most sense as an addition.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in VGG.