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Purpose High Interest Savings Fund (PSA)
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Vanguard Balanced ETF Portfolio (VBAL)
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Horizons High Interest Savings ETF (CASH)
Q: My daughter has opened her First time Home buyer Savings Account with the intent to wait 1 ½ to 2 years until she will be ready to purchase her first home. Do you have any ETF's you would like to suggest ?
5i Research Answer:
Two years is a very short time for much equity exposure and we would be very conservative. VBAL is a balanced ETF owning both bonds and stocks, and we would not like to take any more risk than this. Ideally, we would prefer no risk for a short time frame and a defined use of cash. A high interest ETF such as CASH or PSA would be safer still.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in PSA.