Q: On Jun 21st, you responded to A regarding stocks for a TFSA. My son has a smaller TFSA but a longer time frame. He currently holds ZSP in his TFSA and we have been looking at adding some stocks. We like all the ones you suggested, but some of them are also in the top ten holdings of ZSP. Would you suggest adding the individual stocks anyway? Or selling ZSP and holding only stocks? Our initial plan was to make ZSP about 20% of this TFSA and then hold 8-10 stocks. Also, what do you think of adding AXON and AMD to his TFSA at this time? Thank you.
5i Research Answer:
We would be fine with adding the individual names. If concerned with overlap, one could always trim the ETF position opposed to selling it outright.
We continue to like AXON and think it has a good international growth opportunity ahead of it. We think AMD would be fine for semi-conductor sector exposure. It is large and liquid but the valuation has expanded a bit over the last year.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in AMD, AXON.