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iShares S&P/TSX Capped Information Technology Index ETF (XIT)
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Nutrien Ltd. (NTR)
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Ninepoint Energy Fund (NNRG)
Q: Retired, dividend-income investor, with mostly a blue chip, buy-and-hold-strategy and trims-adds when dictated by asset allocation.
Technology has been taking it on the chin, to say the least. My proxy for this sector is XIT. When the dust settles, I'd like to top up my tech sector by adding to XIT.
My 2 options are:
#1 = sell NTR in my RRSP and direct the proceeds to XIT.
#2 = trim NNRG in my TFSA and direct proceeds to XIT.
So, the question is....which do you think has more upside over the next period of time....NTR or XIT or NNRG? Please rank these 3 for upside.
My current thinking is to go with Option #1.
Thanks for your help....Steve
Technology has been taking it on the chin, to say the least. My proxy for this sector is XIT. When the dust settles, I'd like to top up my tech sector by adding to XIT.
My 2 options are:
#1 = sell NTR in my RRSP and direct the proceeds to XIT.
#2 = trim NNRG in my TFSA and direct proceeds to XIT.
So, the question is....which do you think has more upside over the next period of time....NTR or XIT or NNRG? Please rank these 3 for upside.
My current thinking is to go with Option #1.
Thanks for your help....Steve
5i Research Answer:
Essentially the options are invest in fertilizer or energy for technology. We think all of these...
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in XIT.