Q: Hi, retired 68 and living off my investments. No pension except CPP. Cannot collect OAS. Portfolio is stocks and fixed income about 70/30. Getting tired of worrying about individual stocks. Spouse not familiar with managing investments and simplification would be good if I passed. So was thinking of selling all and buying VBAL or similar. Leaning to XBAL due to better yield and returns. Questions:
1. in one of your posts you said you prefer to limit exposure to single ETFs. Please elaborate why. Would some protection be obtained with a 50/50 mix of VBAL and XBAL?
2. With North American markets at all time highs would this be a good time to do this or would some other time, such as a market downturn be better. Most of the funds are in registered funds so tax is not really an issue.
Thanks
1. in one of your posts you said you prefer to limit exposure to single ETFs. Please elaborate why. Would some protection be obtained with a 50/50 mix of VBAL and XBAL?
2. With North American markets at all time highs would this be a good time to do this or would some other time, such as a market downturn be better. Most of the funds are in registered funds so tax is not really an issue.
Thanks
5i Research Answer:
While ETFs are generally very safe in terms of exposure to managers (assets are segregated from...