Q: How would you suggest a 76 year old who has been retired for 15 years invest $500K+ from selling his family home? Living expenses are paid for already.
5i Research Answer:
We can't get personal, but if money is not needed and time frame is 10 years+, we would be comfortable with a mix of ETFs and stocks. ZSP for US exposure, XIC for Canada, VIU for international. A mix of large, quality dividend/growth stocks such as SLF, RY, TRI, ENB, FTS, BAM could overlay the ETFs. A balanced fund such as VBAL could be added, or some bond exposure such as XBB. The main consideration should be matching asset allocation (bonds, stock, cash) to investor goals and risk tolerance.