Q: Hello. Have been a member for a few months and absolutely love the service you provide. I have 57k in RSP and 83k in TFSA ( cash ). could you suggest stocks / ETF's for best possible return on. investment over the long term. Thank you.
5i Research Answer:
It's a broad question of course and we would also refer to our model portfolios (the growth portfolio being more aggressive). Our balanced model went up close to 20% in 2023, well ahead of the TSX. For general market ETFs we would suggest SPY, QQQ, IWO (S&P 500, Nasdaq, small cap growth). XIC for a Canadian ETF. QMAX if one wants enhanced income with a tech covered call fund. For stocks with growth potential, but with still a conservative bent: BN, TRI, QSR, DOL, ATD, SLF, IFC, EQB, CCO, CNR. For more aggressive growth: GSY, HPS.A, LMN, TVK, SHOP, BYD